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Tiki Trader Trades

  • #481
  • Feb 6, 2008 9:38am Feb 6, 2008 9:38am
Quoting Tiki Trader
Unfortunately, if I were to close out all my open positions right now.. I would lose 2 % of my account... this is not good, considering if, as raczek says... BOE lowers interest rates tomorrow.... my GBP LONGS may go further in the hole... I still cannot understand why raczek is always right...

I must seriously consider today how to get out of this dilema... some time ago.. I would simply close it all out and take my loss... now I have to find a way to make it right... I won't stand for big losses here... Think Tiki... Think...

USD/JPY ticked off a long because I had a pending order there from last weeks IB... this one is just a mess.... I have moved my target down to BE... just hoping for a chance to get out... but we are 100 pips away from that...

EUR/CHF Long from weekly PIN a couple of weeks ago... once again down around the 150 ema...

And GBP/USD already long when seeing the monthly Pin Bar... now down so much...
Hey tiki

I dont know if James16 service preach trading with the trend when they teach about pin bars and such. I think you're trying to catch top and bottoms with these reversal patterns. You might want to include where overall trend is in your system.

Just as example for GBPUSD

You see on the weekly (bottom), I realized a down trend after a confirmed pin (doji shooting star). So then I look into the daily and looking for reversal to enter trades. Each blue arrow is where i entered and blue labels are the stop losses. These are actual trades I have taken on my accounts. You can see your reversal pattersn work very well when you are working within a larger trend.
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  • #482
  • Feb 6, 2008 9:39am Feb 6, 2008 9:39am
Yes... that is there too... with all the other things I told you... !! Geez.. got to go check the numbers... !!

Quoting scarlet
Thanks Tiki, OMG, I opened the red envelope and saw a lottery
  • #483
  • Feb 6, 2008 9:50am Feb 6, 2008 9:50am
Well, no doubt you may be right... now you add more weight to the problem... one thing I have been trying to think lately, is that I am not a trend trader... not for the trend or against the trend... just look for opportunities... often times the divergence trading is against the trend... but there are rules, and as long as I follow them, it all works well...

It is true also, that lately I try to look for reveral patterns... but I have not been good at it or educated enough with it... so I will think more about what you say on reversals with or against the trend... I have made a lot more effort lately to stop looking for tops and bottoms... but yes, to look for reversal patterns... but only with limited luck so far...

Main thing now is I have to get some pips... and make sure that I also find a way to get out of trouble when I get myself in trouble... that to me is also a sign of a good trader.. which I am not yet,,, by the way... of coarse...

Quoting hilmy83
Hey tiki

I dont know if James16 service preach trading with the trend when they teach about pin bars and such. I think you're trying to catch top and bottoms with these reversal patterns. You might want to include where overall trend is in your system.

Just as example for GBPUSD

You see on the weekly (bottom), I realized a down trend after a confirmed pin (doji shooting star). So then I look into the daily and looking for reversal to enter trades. Each blue arrow is where i entered and blue labels are the stop losses. These are actual trades I have taken on my accounts. You can see your reversal pattersn work very well when you are working within a larger trend.
  • #484
  • Feb 6, 2008 9:54am Feb 6, 2008 9:54am
Quoting hilmy83
Hey tiki

I dont know if James16 service preach trading with the trend when they teach about pin bars and such. I think you're trying to catch top and bottoms with these reversal patterns. You might want to include where overall trend is in your system.

Just as example for GBPUSD

You see on the weekly (bottom), I realized a down trend after a confirmed pin (doji shooting star). So then I look into the daily and looking for reversal to enter trades. Each blue arrow is where i entered and blue labels are the stop losses. These are actual trades I have taken on my accounts. You can see your reversal pattersn work very well when you are working within a larger trend.
Excellent post..Thank You Hilmy !!!
  • #485
  • Feb 6, 2008 9:56am Feb 6, 2008 9:56am
YES... and I seemed to have been out to lunch on the day of that Pin too... believe me... I have gone back to stare at that pin many a times... !!!

Quoting Eklavya
Excellent post..Thank You Hilmy !!!
  • #486
  • Feb 6, 2008 10:22am Feb 6, 2008 10:22am
Quoting Tiki Trader
Unfortunately, if I were to close out all my open positions right now.. I would lose 2 % of my account... this is not good, considering if, as raczek says... BOE lowers interest rates tomorrow.... my GBP LONGS may go further in the hole... I still cannot understand why raczek is always right...
I wonder this myself.... LOL

And dont worry about the loses too much Tiki. Stick to your plan and whatever happens, happens. I've been getting beat up myself lately. But I make adjustments and try to learn from each loss.

Tom
  • #487
  • Feb 6, 2008 10:39am Feb 6, 2008 10:39am
I know that this year I am doing better... there are some who seem to be genius's about it... like raczek and seeking and others... Mr Trend, MBQB11... but this year I feel I can make something of it... not a million dollars, but make the year some profit...

I look and look at my USD/JPY chart... yes, I see it could go either way right now... I put my stop at a certain point for a reason... and now... after this morning moving my target to BE just to get out if I can... I have changed my mind again... I have put the target back to 109... on monthly charts I can see precious few bars that do not touch the 5 ema... touching the 5 this month will easily win this trade... ( if I don't get stopped out first of coarse...)

Quoting moneybags
I wonder this myself.... LOL

And dont worry about the loses too much Tiki. Stick to your plan and whatever happens, happens. I've been getting beat up myself lately. But I make adjustments and try to learn from each loss.

Tom
  • #488
  • Feb 6, 2008 10:47am Feb 6, 2008 10:47am
Quoting hilmy83
...


Just as example for GBPUSD
...
You can see your reversal pattersn work very well when you are working within a larger trend.
... trading that way is nice and easy
  • #489
  • Feb 6, 2008 10:59am Feb 6, 2008 10:59am
Quoting raczekfx
... trading that way is nice and easy
You guys do make it sound so Easy!! These are the kinds of things that makes us new traders keep going...
  • #490
  • Feb 6, 2008 11:03am Feb 6, 2008 11:03am
Well... raczek is the one to follow then.... and I still make so little headway... and yes it makes one want to keep going... and nice that they can drop in once in a while too...

Quoting Eklavya
You guys do make it sound so Easy!! These are the kinds of things that makes us new traders keep going...
  • #491
  • Feb 6, 2008 11:56am Feb 6, 2008 11:56am
Quoting raczekfx
... trading that way is nice and easy
yes it is easy and it makes sense, so that is the edge we need. But like all things require discipline, especially during times of consecutive losses.


Quoting Tiki Trader
Unfortunately, if I were to close out all my open positions right now.. I would lose 2 % of my account... this is not good, considering if, as raczek says... BOE lowers interest rates tomorrow.... my GBP LONGS may go further in the hole... I still cannot understand why raczek is always right...

I must seriously consider today how to get out of this dilema... some time ago.. I would simply close it all out and take my loss... now I have to find a way to make it right... I won't stand for big losses here... Think Tiki... Think...

USD/JPY ticked off a long because I had a pending order there from last weeks IB... this one is just a mess.... I have moved my target down to BE... just hoping for a chance to get out... but we are 100 pips away from that...

EUR/CHF Long from weekly PIN a couple of weeks ago... once again down around the 150 ema...

And GBP/USD already long when seeing the monthly Pin Bar... now down so much...
and tiki, don't worry aobut these small losses. It may affect your thinking a little since you have made your goals public about staying positive this year, but remember we still got a loooong way to go before 2008 is over. 2% of many profits that i know you will have is nothing. Wait till you experience -5%, -10% or -20% (my personal best! ), that's when it really gets tough and that's when you will make your transition from tiki to a successful trader super tiki.
  • #492
  • Feb 6, 2008 3:27pm Feb 6, 2008 3:27pm
So which chart looks right...?? Price has been flat here for days now.... a break out is coming soon... got my long trade running already unfortunately... but I want to put in a pending short order for break down... probably need to do this tonight... news coming...
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  • #493
  • Feb 6, 2008 4:12pm Feb 6, 2008 4:12pm
Quoting Tiki Trader
So which chart looks right...?? Price has been flat here for days now.... a break out is coming soon... got my long trade running already unfortunately... but I want to put in a pending short order for break down... probably need to do this tonight... news coming...
I think it is going to break down..so short will be my vote...
  • #494
  • Feb 6, 2008 4:45pm Feb 6, 2008 4:45pm
Yeah... and where to put the order...

Quoting Eklavya
I think it is going to break down..so short will be my vote...
  • #495
  • Feb 6, 2008 5:13pm Feb 6, 2008 5:13pm
Quoting Tiki Trader
Yeah... and where to put the order...
Here is my opinion. Weekly is undecided, however this during this week higher prices were rejected. Yesterday's daily was a pin bar. On the 4 hr chart we are coming off a DBHLC pattern. I would enter short when the 4 hr closes below the support of 106.18 with an SL at the most recent swing high.
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  • #496
  • Feb 6, 2008 5:22pm Feb 6, 2008 5:22pm
Yes that is good... that would run nicely with my triangle thought... right now though that line is still above the stop I have for my LONG trade already running.... will have to give some more thought...

Quoting Eklavya
Here is my opinion. Weekly is undecided, however this during this week higher prices were rejected. Yesterday's daily was a pin bar. On the 4 hr chart we are coming off a DBHLC pattern. I would enter short when the 4 hr closes below the support of 106.18 with an SL at the most recent swing high.
  • #497
  • Feb 6, 2008 5:28pm Feb 6, 2008 5:28pm
Getting very close to that decision time though... annoyingly close...
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  • #498
  • Edited 6:34pm Feb 6, 2008 6:22pm | Edited 6:34pm
Considering a LONG trade on breakout UP of today's IB... and this would coincide with the divergence idea still on the table... though I am still mad about not catching the BUB on Monday...

Target would be the red 62 ema
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  • #499
  • Feb 7, 2008 8:28am Feb 7, 2008 8:28am
Quoting Tiki Trader
Considering a LONG trade on breakout UP of today's IB... and this would coincide with the divergence idea still on the table... though I am still mad about not catching the BUB on Monday...

Target would be the red 62 ema
Tiki..what do you think about USDCHF..
1. Weekly coming off a pin at support.
2. Daily we have a BuOVB
3. 4 hr we have a BuOVB

Should we enter long on the hourly once we get an bullish candle pattern?

The only reason to not take the trade would be that price is at a resistance.
  • #500
  • Feb 7, 2008 9:32am Feb 7, 2008 9:32am
Quoting Tiki Trader
Getting very close to that decision time though... annoyingly close...
Why... ?
Let me show you (if you don't mind) how to look at it from a different perspective on uj..... Most people bet that uj is going down to 100... which is quite possible. Right now price is ranging between 105.80 and 107.80, so why not take advantage of it. Buy bounces off lower zone, take some profit in the middle..., sell bounces off upper ppz and so on and so forth until break out occurs.... Trade really small so you don't get hurt and collect pips.... you're doing good anyways...
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