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kharvell's Trades

  • #361
  • Jun 5, 2007 8:19pm Jun 5, 2007 8:19pm
Kevin,

You may be suffering from "the curse of the Yen".

I've been sitting on the sidelines for weeks as I observe how your newest trading method works out.

When I became convinced it was the "real thing", I finally jumped in last night and opened some trades. I had a number of the same trades you did, and BOOM!, suddenly the trend was over.

Actually, the phrase "the trend is your friend" has been around longer than either of us, and I'm sure what's been working for you will continue to work, and we'll both be back to banking some pips.

As always, thanks for sharing.
Greetings from Guanajuato, Mexico
  • #362
  • Jun 5, 2007 10:59pm Jun 5, 2007 10:59pm
Quoting yen44x
Kevin,

You may be suffering from "the curse of the Yen".

I've been sitting on the sidelines for weeks as I observe how your newest trading method works out.

When I became convinced it was the "real thing", I finally jumped in last night and opened some trades. I had a number of the same trades you did, and BOOM!, suddenly the trend was over.

Actually, the phrase "the trend is your friend" has been around longer than either of us, and I'm sure what's been working for you will continue to work, and we'll both be back to banking some pips.

As always, thanks for sharing.
"The curse of the Yen" is non-existent my friend There are only mistimings. I don't know if you have been setting Jacko Anti-hedges, but I put in a few, and I'm in profit on most.

Right now I'm sitting on about 500 pips, which may change for better or worse, but I believe to be better hence my staying in them. I had 2 more trades stopped out and entered EUR/USD long. I may have done some others since last time..

In terms of account balance, my account has decreased 3.75% (hardly any), and in unrealized profit, that 500 pips represents 8.56% for about a 5% unrealized gain. Like I said though, this could all change.

Here are all my trades:
Attached Image
  • #363
  • Jun 5, 2007 11:17pm Jun 5, 2007 11:17pm
Kevin,

My trades are also up nicely since this morning. Retracements are part of the game, so like you said, it was just timing.

I did re-enter using Jacko's anti-hedging technique, and that's looking good so far. In general, I think it's a great way to re-enter the trend at an even better price.

One question: I know you're blending Jacko's method with the Cornflower system. Are you using Jacko's 50% retracement as an entry point at all, or sticking primarily to the Cornflower method of entering a new trend trade?
Greetings from Guanajuato, Mexico
  • #364
  • Jun 5, 2007 11:23pm Jun 5, 2007 11:23pm
Quoting yen44x
Kevin,

My trades are also up nicely since this morning. Retracements are part of the game, so like you said, it was just timing.

I did re-enter using Jacko's anti-hedging technique, and that's looking good so far. In general, I think it's a great way to re-enter the trend at an even better price.

One question: I know you're blending Jacko's method with the Cornflower system. Are you using Jacko's 50% retracement as an entry point at all, or sticking primarily to the Cornflower method of entering a new trend trade?
I'm only using the Cornflower system. In my opinion Jacko had a good simple thing with his really simple look at the trend method, but he went off on a tangent which may work but is in my opinion more complex than it needs to be. Also, we get more entries with the cornflower system.

I think overall, the risk/reward and better than 60% accuracy is what will make this combination great. I really like only having to risk 1% per trade, and as we speak I'm almost up to 10% increase again.

Good luck,

Kevin
  • #365
  • Jun 5, 2007 11:40pm Jun 5, 2007 11:40pm
Dude, you're rocking to 11.
  • #366
  • Jun 5, 2007 11:51pm Jun 5, 2007 11:51pm
At risk of appearing cynical,what's the point of your postings? Do you trade a real account or are these just theoretical trades as you would be pretty busy covering all the pairs you trade.Don't misinterpret my questions I'm genuinely interested in your response and reasons.
  • #367
  • Jun 6, 2007 12:10am Jun 6, 2007 12:10am
Thanks lever70!

Quoting edge540
At risk of appearing cynical,what's the point of your postings? Do you trade a real account or are these just theoretical trades as you would be pretty busy covering all the pairs you trade.Don't misinterpret my questions I'm genuinely interested in your response and reasons.
Hey edge540,

I have this journal to keep me honest and to track my progress as a trader. I am still fairly new to trading (1.5 years now) and writing a journal has helped me think about my actions, allows me to help others, and others to keep me in check.

Yes, I trade a real account. I am showing you my real trades. My account is worth roughly $2,000. It's all a college kid can afford

And so you know, it's no time at all to trade all these pairs. At any point in time I could analyze all of them in 5-10 minutes total. You just have to look for your specifications.

Thanks for your post,

Kevin
  • #368
  • Jun 6, 2007 12:51am Jun 6, 2007 12:51am
Thanks for your response,do you stick with a particular strategy or do you change frequently as I'm finding that this is a big problem in my trading.I seem to want immediate confirmation that my approach is working and when I don't get the the expected result I'm easily tempted to try another system. I have however realised I'm suited more to a longer time frame and to that end have restricted myself to Tkimble's "Daily Scalping" method for the last three weeks and it seems to be working for me.
  • #369
  • Jun 6, 2007 3:15am Jun 6, 2007 3:15am
Hi Kevin,

In an earlier post you said that you traded pullbacks to the 8 and 12 emas but less often to the 24 and 72. Is this because you see larger pullbacks as possible trend reversals ? Also can you tell me please when you are trading pullbacks to the 8 & 12emas what is the earliest signal you accept to indicate the resumption of the trend ?

Good luck
  • #370
  • Jun 6, 2007 11:07pm Jun 6, 2007 11:07pm
Wow . . . what a difference a day makes. The trends resumed today with a vengeance.

Kevin . . . let me pick your brain if I may. I noticed you have been periodically adding new lots to profitable trades. Are you adding a new lot with each retracement back to the 12 or 24 EMA, or using some other criteria? Thanks!
Greetings from Guanajuato, Mexico
  • #371
  • Jun 10, 2007 10:23am Jun 10, 2007 10:23am
Quoting edge540
Thanks for your response,do you stick with a particular strategy or do you change frequently as I'm finding that this is a big problem in my trading.I seem to want immediate confirmation that my approach is working and when I don't get the the expected result I'm easily tempted to try another system. I have however realised I'm suited more to a longer time frame and to that end have restricted myself to Tkimble's "Daily Scalping" method for the last three weeks and it seems to be working for me.
I change my strategy as I see fit. I'm always thinking about what went wrong when I lose, and I wouldn't mind changing my method 1000 times if I have to. And I'm glad Tkimble's method is working out for you

Quote
Hi Kevin,

In an earlier post you said that you traded pullbacks to the 8 and 12 emas but less often to the 24 and 72. Is this because you see larger pullbacks as possible trend reversals ? Also can you tell me please when you are trading pullbacks to the 8 & 12emas what is the earliest signal you accept to indicate the resumption of the trend ?

Good luck

bundubill,

I trade less often to the 24 and 72 EMA's because it just happens less often. If you sit and watch your charts for long enough, you will see what I mean. Basically, the price just touches the 8 and 12 EMA's a lot more frequently.

However, when it does go to the 24 and 72 EMA's I treat them just like I would if they had gone to the 8 and 12. If I see a bounce, I usually trade it assuming everything else looks good.

Typically I will wait for some confirmation before I enter off the EMA's. If the price heads towards the 8 or 12 EMA's, it is better to wait for confirmation in the direction of the trend. I call them bounces usually, just when the price "bounces" off the EMA's.

Hope this helps.

Quote
Wow . . . what a difference a day makes. The trends resumed today with a vengeance.

Kevin . . . let me pick your brain if I may. I noticed you have been periodically adding new lots to profitable trades. Are you adding a new lot with each retracement back to the 12 or 24 EMA, or using some other criteria? Thanks!

There is no criteria really. Usually though, I will place a trade, and it's up from 40 to 60 pips. This is when I usually look for bounces to enter in another lot. If it looks like a good trade with a clear, solid trend, feel free to dump a few lots in it.


I've been thinking recently about trading the Daily, 3-hour, and 1-hour charts using Jacko's method. With a 50 pip stop, it seems like several trades get stopped out negating our big gains.

So I thought about what the problem likely is. It's pretty obvious if you think about it. I had a chance to test this briefly last Thursday and Friday, and it netted a good pip total as it would have usually of 300 pips. I don't know if it's perfect yet, but so far it's looking good.

My idea is to use the 30-min, 15-min, and 5-min charts; using the 5-min chart for entries with the cornflower method. The reason being is because this puts us in with the 2 day trend instead of the huge trend where our stop is hit often. Also, using the 5-min chart makes our exits a lot more timely.

I know what some of you will say: "I don't want to have to check my charts all day."

You don't have to do this. Think about why:

You have about 100 candles on your chart. Each one is 5 minutes.

(5 min)X(100 candles) = 500 minutes/60min/hr = 8.334 hours

This is a rough estimate of the bare minimum that you should check your 5 min charts. Can you check your chart every 8 hours? If not, shame on you Even if you're a little late, sometimes the trend just keeps going and you have payday(you have no need to exit)!

Everything else is the same, just the 3 charts are different.
  • #372
  • Jun 10, 2007 9:21pm Jun 10, 2007 9:21pm
Right. Or, if you wanted to go a little longer, check the 1 hour, 30 min. and enter on 15 minute chart.
Man, you are always thinking.
  • #373
  • Jun 11, 2007 7:39am Jun 11, 2007 7:39am
I've been really busy, and haven't had time to post trades. Here are the ones I am in right now. As you can see, I'm expecting to see CHF crosses continue their current uptrend. I'm making these trades using the 5-min, 15-min, and 30-min charts.

Regards,

Kevin
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  • #374
  • Jun 11, 2007 9:13am Jun 11, 2007 9:13am
Quoting kharvell
I've been really busy, and haven't had time to post trades. Here are the ones I am in right now. As you can see, I'm expecting to see CHF crosses continue their current uptrend. I'm making these trades using the 5-min, 15-min, and 30-min charts.

Regards,

Kevin
Going long on mutiple pair that have CHF in them is not exactly like going long 3 time on one pair ?
  • #375
  • Jun 11, 2007 12:24pm Jun 11, 2007 12:24pm
Quoting melpheos
Going long on mutiple pair that have CHF in them is not exactly like going long 3 time on one pair ?
I don't worry too much about correlation anymore. If I have a strong feeling that that a certain currency is going to appreciate or depreciate, I will buy it and its brothers and cousins.

Is it risky? What about forex isn't?

Why not just trade 3 lots on 1 pair then? Well, do they all move the same amount of pips? No, they don't. I may get stopped out in USD/CHF, but EUR/CHF won't have as big of a retracement and I stay in. This is all hypothetical, but the bottom line is that my criteria are met on all three pairs so I trade them all with indifference.




Alright then,

I got rid of my Short CHF/JPY due to the 5-min chart showing a flat chart for a -6 pip loss including spread. Everything else was still looking alright and so far I'm up 35 pips

Best of luck,

Kevin
  • #376
  • Jun 11, 2007 12:31pm Jun 11, 2007 12:31pm
I enjoy reading your thread, Kevin.
  • #377
  • Jun 11, 2007 10:40pm Jun 11, 2007 10:40pm
Quoting tdion
I enjoy reading your thread, Kevin.
Thanks tdion I also enjoy yours. Nice trades lately!



Alright,

I'm not quite sure where we left off since last time. I have abandoned most of my CHF positions due to flat markets on the 5-min chart for minimal losses. I think it was like -14 pips. I still have GBP/CHF at +29 pips, and other trades are slow to kick in. I have entered some new ones, too...

I have noticed that exiting when the 5-min chart tells you to is a little too touchy and doesn't give your trade time to grow.. Because of this, I am now going to use my 15-min chart for exits and continue to use the 5-min chart for entries as usual. This will also give me time to do what I want to during the day and just check occasionally.

Anyway, here are my trades. I've noticed the market seems to be creeping along lately, but usually Mondays are relatively slow. Let's hope for a better tomorrow.
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  • #378
  • Jun 11, 2007 11:12pm Jun 11, 2007 11:12pm
Quoting tdion
I enjoy reading your thread, Kevin.
Same here.
  • #379
  • Jun 12, 2007 1:50am Jun 12, 2007 1:50am
Hi Kharvell,
for purposes of recapitulation for newbies, do you would mind to put together a short summary of your discipline?
Your thread is great and very useful, and it will grow steadily as your experience and skills does.
Many thanks.
  • #380
  • Jun 12, 2007 3:25pm Jun 12, 2007 3:25pm
Quote
Hi Kharvell,
for purposes of recapitulation for newbies, do you would mind to put together a short summary of your discipline?
Your thread is great and very useful, and it will grow steadily as your experience and skills does.
Many thanks.

Hey mazamo,

Thanks for the nice complements! Unless I'm feeling extraordinarily nice one day, you are just going to have to piece together the tidbits of information I have provided throughout the forum and my threads.

The task which you request of me would be quite time consuming, and I'm finding I do not have much time lately. Also, I'm still in the process of experimenting with some things and would hate to release something concrete only to update something a week later.

Good luck,

Kevin

Changed some stuff up with my trades. I'm sorry I can't be more detailed at the moment, but here's a pic of my current trades. GBP/CHF turned out to be a good pair for longs from a while back. I'm liking the 15-min chart for exits(they seem nearly perfect thus far). Using the 15-min chart allows you to exit for less than 50 pips lost sometimes when the pair goes against you. This in effect improves our Risk/Reward as sometimes our risk turns out to be less than 50 pips.

To sum up, I lost about 90 pips so far, and I have well over 200 right now, so I'm happy
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