Tiki Trader Trades

I ain't no master, just a life time student.... if you think i make it look easy, you should come to the chat room when j16 is present. He's the one...
many pips... (over and out)
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WRONG!!! I'm THE ONE!

Scarlet... see if this file will help you...

And for anyone else interested... if I have done it right... this file should be the MT4 template for my Arizona Rules...

Thanks Tiki for your response

We had since Nov 7 (out of a total of 51 candles more or less), 29 sell (the trend is down) days.

I am wondering what is the use of using such very much lagging MA's like 200 and 800 ?

When you entered that buy trade your MA's were telling you the trend is up and you bought on the pin candle with the info that the trend is up. Since then we know what happened.

I am just thinking will your trading not improve with leaps and bounds if you try, more non lagging indicators which shows you the trend much quicker.

I am sure if you truely believed that the trend was down, you would not have looked to go long where you did.

I am not saying this to sound critical I truly would like you to increase your account with 10% per day or per month. Its so wonderful to feel succesful.

I still believe that the #1 rule to trade successful is to know the trend or as I call it, the flavour of the day and by that I mean we want to know what will the trend be tomorrow.

Once again fxpip... I was trading a pin bar... I was not concerned about the trend much on that day.... I was looking at a weekly trend line that the Pin Bar was bouncing off of... YOU were the one saying the trend was down... I was simply pointing out that NO, actually the trend was up...

The trend was UP... another valid reason to think of trading the Pin Bar... I posted charts that day... they are still posted...

As for indicators... the indicators I use are used specifically for trading divergence in a very specific way.... I think I have posted that very clearly in my very first post.... other than that I do not use indicators much SINCE they are all lagging... As a general rule I will look at the 62, 200, 800 to get an idea of the trend direction... it is as good a way as any to find trend direction.... I do not trade according to trend direction... I trade when I think I see an opportunity...

You do not have to agree with my way of deciding which way a trend is going... so far you hav given no other way of deciding a trend direction except some candles going one way or another...

I am sorry fxpip... that I do not trade according to what you think is best for me... however I must comment... that earlier you said you trade for a living... I suspect that is not really true... and in fact, going over the posts you have made throughout these forums, I would suspect you are grasping for tidbits here and there as they may come along... You have no real system of trading, and in fact are changing it all around each time you post something new... I seriously doubt you are profitable at all... You started a journal just a while back which has only a few posts in it... wherein you made trades worth about + 15 pips... after that the journal is empty...

When I started this thread, I specifically noted how I trade, what indicators I use and also the times that I do not use indicators at all... Up until this moment, I have traded exactly as I first said I would... in the first 14 days of January my account is up close to 3%... if I continue at that rate... by the end of 2008 my account should be somewhere around + 80%.... now I don't know... but in my book, that is not a bad number... and consider also that I am trading repsonsibly using correct Money Management....

As for CAD/JPY.... surely you can find something more to talk about... NO ??

There is a pin bar on the NZDUSD 4 hr chart and the bar is right off the ascending triangle. Is this a good time to enter long?

I would say it looks good to go long here... I see a daily channel rather than a triangle... BUT, for me... I do not trade 4 hr... !!! I suck at it and I always lose...!!! However... 6 hours after you write the post... ( sorry, I was sleeping )... I see on daily a great looking Pin Bar !!! Of coarse the day is only half over... so who knows what will be there 12 hours from now... but I do agree... long here might be good... but then... I lose a lot too... so becareful about anything I say....

This pair has finally reached a resistance line... now is finally the time to watch for some Price Action...

Now go do your math homework! LOL, Raz

Thanks Tiki..I did not take the trade afterall as I was concerned about the volatility and wanted a solid confirmation. The pair did turn back and invalidate the pin bar. Thanks for your candidness...

On the daily charts it has now become a trend continuation candle. However considering that is at a support, depending on how the next days turns out, we might still be looking at a long entry.

I have entered this pair on the 4 hr chart on a retrace. Hopefully, we are in for a decent ride.

This pair has been trading in a channel now for quite some time... Now we have bounced off the bottom again... 4 hr charts show we tested bottom 2 times in the last day or so... we end the week on 4 hour with in IB... maybe it will break up...?

I am going to think about trading this... if I do... I am simply going to go long here.... with a stop under the channel line... right now is a good time to try long with only a small risk since the stop can be fairly close.....

But price won't continue to channel forever... Don't risk too much....

I swear I see an inverted HNS on EUR... but I have no idea which way it might really go... Daily we have IBs... Weekly is a BEOB.... which is a good sign for more down here... I am going to watch for price to retrace up a bit more next week, and go short if price starts down again... as raczek says... retrace back to resistance or a fib line... then short... also price is already consolidating with IBs... be ready to short if the IB breaks...

It should also be noted that Alpari weekly candle is NOT quite correct... price came lower last week then their weekly candle shows... there should be a shadow on that BEOB... this is the second time I find this kind of problem with Alpari...

I also think there is a good chance EUR has begun a consolidation pattern... perhaps a triangle beginning to form...

USD/CHF... daily..... IB.... I will be ready to go long on a break up of the IB... There is a good divergence happening here too... BUT the trend is strongly down.... which means if the divergence works out... it may not get far... if the IB breaks up and a divergence trade kicks off... my target will be 1.1300...

Weekly is a Pinnish bar... also suggesting a good chance to go up...

My favorite Pair setting up right now is USD/JPY.... I am still waiting just a bit more to see if this will set up as a great divergence play.... the white 200 ema still has not crossed over the blue 800... once it does, price willl officially be trending down... not the best time for the divergence... got to wait now for price to come up out of oversold... with the down bais on this pair... I am not yet sure what my target would be... but very nice if price could get back up to the red 62 ema....

I am still undecided on CAD.... here is another opportunity to perhaps just take a small chance and go short... we are clearly at a resistance line... One could go short here with only a small risk with stop above the resistance...

But CAD NEVER does what I think it should do....

I have just read monarchs analysis of USD/CAD.... he may be very right... resistance may be a bit higher up... I am not going short here... yet... you should read his most recent post on this pair... this is the smart guy !!!

http://www.forexfactory.com/showpost...&postcount=109

Tiki do you ever use fib extensions/expansions? Its a handy tool and helps to recognize good target areas or pullback areas...anyway here is my daily cad chart with fib exp, I can easily explain how to put them on if you need me to just let me know...As you can see the FE 61 (which can be a nice bounce point) comes in at around the 1.05 area, while the FE 100 comes in way up at almost 1.100, so I personally will not be selling for a while...spk soon, Raz

lol you cant see where the FE 61 and FE100 come in on that last chart let me squash it a bit and give it another go...at least on this weekly one you can see better sorry about that tiki...ah and since we all seem to be drawing blue boxes a la raczek here you are complete with blue boxes at FE 61 and FE 100 where there seems to be ppz confluence...see what you make of this Tiki, Raz

Hi Tiki,
just an example so you can see these things can really work, look at the same weekly chart and you can see where I fib exp´d the previous move down in order to identify the turnaround point ie FE 100 and look where it stopped...its kind of cool dont you think? On a weekly if you had gone long from the FE 100 you would have needed a stop of less than 150 pips, which isnt outrageous...for weekly do you think? Anyway there you go interesting stuff, speak later, Raz