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SAFE - KISS

  • #361
  • Feb 14, 2018 7:26am Feb 14, 2018 7:26am
Quoting Ralffe
Is the EU trying to make a break South?? Be careful. There appears to be a wave short. This could be wave 4 of the retrace up. Do not go short until the Daily confirms. {image}
Ralffe, your thread seems to be growing rapidly. Excellent advice overall. Really enjoying your "KISS" method, thank you.
  • #362
  • Feb 14, 2018 11:57am Feb 14, 2018 11:57am
With all the USD news this AM ....I would imagine allot of stops are getting triggered if your trader the 1 and 4 hour TF's...like EU one hour
Git r Dun
  • #363
  • Feb 14, 2018 12:51pm Feb 14, 2018 12:51pm
Quoting trade649
With all the USD news this AM ....I would imagine allot of stops are getting triggered if your trader the 1 and 4 hour TF's...like EU one hour
Yes, i guess so. I am in some trade from yesterday based on daily and i am fine. Daily is the king
  • #364
  • Edited 1:35pm Feb 14, 2018 12:52pm | Edited 1:35pm
Quoting Ralffe
{quote} Correct I have now closed all my hedge trades. Waiting for next moves
Could you please explain how you hedge? I thought you said to never trade counter trend.

Right now the only position I hold that isn't underwater is Oil, and that could change soon. I guess it just depends on the temperament of the trader, but I'd prefer to use hedging trades during retraces. Keeps things even. You put a trade on at the start of the big trend, and the opposite trade on when the trend starts to reverse, and when the trend resumes, you close the hedge. Overhil/Underhill.
  • #365
  • Feb 14, 2018 1:48pm Feb 14, 2018 1:48pm
Quoting Ralffe
{quote} Dailies as they stand at present. Price probably wont reach to them but may come close with some. {image} {image} {image}
Hi Ralffe, looking at your audusd chart, the one where you put the level of your SL (light blue levels), i think you forgot to put this one. Am I wrong? Any advise is welcome!

Thanks,
Mirko
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  • #366
  • Feb 14, 2018 2:31pm Feb 14, 2018 2:31pm
Quoting courtneywild
Hi Ralffe Can you help me with this pair. I entered short on the 4th bar back from current. I placed my stop just above the last swing high (green line). Is this a correct entry? Also regarding the downward trend line (red) currently it is still attached to the last swing high as there is not another swing high formed to move it down to. Given the pair is now well in profit what do I do regarding moving down the stop loss as no new swing high has formed. Or do I still keep the trend line attached to the original swing high. I'm just thinking there...
Well done
Once price moves below the current low at 147.90 you could move your SL to BE safely.
Conventional trading is for losers
  • #367
  • Feb 14, 2018 2:35pm Feb 14, 2018 2:35pm
Quoting FXChaser
Here is a screenshot from my desktop showing my position. The purple line is from the daily time frame in which I have moved to the next swing after taking this screenshot. Thanks Raffle for sharing your way of using trend lines. The way you use them takes away the subjectivity of angled trend lines. {image}
Ahh the joys of playing the lower time frames. I guess you got stopped out.
If you had played by the rules on 4H or Daily you would now be in DD but not stopped out.
Conventional trading is for losers
  • #368
  • Feb 14, 2018 2:37pm Feb 14, 2018 2:37pm
Quoting okrim
{quote} Hi Ralffe, thanks for you answers, looking at your chart, i wonder why you did not use this last swing high to fix the TL? Thanks, Mirko {image}
Price is now telling you the answer to that question.
Conventional trading is for losers
  • #369
  • Feb 14, 2018 2:44pm Feb 14, 2018 2:44pm
Quoting clemmo17
{quote} Could you please explain how you hedge? I thought you said to never trade counter trend. Right now the only position I hold that isn't underwater is Oil, and that could change soon. I guess it just depends on the temperament of the trader, but I'd prefer to use hedging trades during retraces. Keeps things even. You put a trade on at the start of the big trend, and the opposite trade on when the trend starts to reverse, and when the trend resumes, you close the hedge. Overhil/Underhill....
Yes that's about how I trade some pull-backs. But only if I suspect the pull-back will me substantial like we have now. I usually place 2 trades so that if I have been caught (as I was with AU) placing an add on trade to the trend too late, the 2 retrace trades should approximately equal the DD on the trend trade taken too late. Hope that makes sense.
Conventional trading is for losers
  • #370
  • Feb 14, 2018 2:47pm Feb 14, 2018 2:47pm
Quoting okrim
{quote} Hi Ralffe, looking at your audusd chart, the one where you put the level of your SL (light blue levels), i think you forgot to put this one. Am I wrong? Any advise is welcome! Thanks, Mirko {image}
Never be too eager to move your SL. That was a very minor wave which I ignored to my benefit.
Conventional trading is for losers
  • #371
  • Feb 14, 2018 2:56pm Feb 14, 2018 2:56pm
Some of you will be wishing you had not hung on to your original trades. That is something there is no real answer for.
The present price action tells us 2 things.
1. Big mistake & the so called trend was just a retrace of the previous trend.
2. The next wave down will me a big money wave.
Which will it be. I guess we will have wait 'til next week to get the answer.
Conventional trading is for losers
  • #372
  • Feb 14, 2018 2:58pm Feb 14, 2018 2:58pm
Quoting Ralffe
Some of you will be wishing you had not hung on to your original trades. That is something there is no real answer for. The present price action tells us 2 things. 1. Big mistake & the so called trend was just a retrace of the previous trend. 2. The next wave down will me a big money wave. Which will it be. I guess we will have wait 'til next week to get the answer.
Either way price should move at least 50% back on yesterdays spikes to bring those trades to at least BE.
Conventional trading is for losers
  • #373
  • Feb 14, 2018 3:01pm Feb 14, 2018 3:01pm
Hi Ralffe

This is a great thread and have been reading and learning over last few days and just wondered if you could comment if my lines look good on my chart for NZDUSD. I am waiting for either a break of the red line or a continuation to the upside. Thank you for your time with your teachings

Attached Image (click to enlarge)
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #374
  • Feb 14, 2018 3:18pm Feb 14, 2018 3:18pm
Quoting Seabreeze
Hi Ralffe This is a great thread and have been reading and learning over last few days and just wondered if you could comment if my lines look good on my chart for NZDUSD. I am waiting for either a break of the red line or a continuation to the upside. Thank you for your time with your teachings {image}[at
Just realised I didn't reset blue top line

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily1.png Size: 25 KB
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #375
  • Feb 14, 2018 3:36pm Feb 14, 2018 3:36pm
Quoting Ralffe
Some of you will be wishing you had not hung on to your original trades. That is something there is no real answer for. The present price action tells us 2 things. 1. Big mistake & the so called trend was just a retrace of the previous trend. 2. The next wave down will me a big money wave. Which will it be. I guess we will have wait 'til next week to get the answer.
You are so very right sir. Today was the lesson on why it is important to stick with the daily candles. The size of the candles today tells me we may very well be continuing on with the original trend, instead of being pullbacks, however the market will ultimately decide, and we should never be trading what we think, only what we see. Thank you again, for your continued participation and lessons in this awesome thread!
“The waiting is the hardest part” Tom Petty
  • #376
  • Feb 14, 2018 4:18pm Feb 14, 2018 4:18pm
Hi Ralffe, still doing well in my trading, but i still can't understand good yet a few of things
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  • #377
  • Feb 14, 2018 10:44pm Feb 14, 2018 10:44pm
Quoting MrGreen95
Hi Ralffe, still doing well in my trading, but i still can't understand good yet a few of things {image}
No. That will not happen unless price continues to higher highs. Hopefully not.
Note the bounce came exactly where it should have albeit higher than I would have liked.
We are now waiting to add on to shorts if price comes down & continues down.
Attached Image (click to enlarge)
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Conventional trading is for losers
  • #378
  • Feb 15, 2018 12:18am Feb 15, 2018 12:18am
Quoting Ralffe
{quote} Price is now telling you the answer to that question.
Ralffe, I am trying to understand the price's answer, but I don't... Please, help me to understand that!

Mirko
  • #379
  • Feb 15, 2018 12:37am Feb 15, 2018 12:37am
Hello,

this morning I wake up and check the situation of my trades. Here is my open trades and some analisys about them.
Ralffe, could you confirm i am doing well? THANKS,

Mirko
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  • #380
  • Feb 15, 2018 12:47am Feb 15, 2018 12:47am
Quoting okrim
Hello, this morning I wake up and check the situation of my trades. Here is my open trades and some analisys about them. Ralffe, could you confirm i am doing well? THANKS, Mirko {image} {image} {image} {image} {image}
You should read my posts from post 203 about trading or hedging pull-backs on the 4H
Conventional trading is for losers
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