Kujo's Forex Journey.......... | Forex Factory

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Kujo's Forex Journey..........

  • #1
  • First Post: Edited Jun 10, 2010 12:28am Feb 14, 2008 7:35pm | Edited Jun 10, 2010 12:28am
I'll start off by talking about how I got into this crazy world of Forex.

I'm a camera operator in the Movie/TV industry.
The writers guild was going to go on strike and I was going to be out of work for a while.

I had been thinking about looking for another business venture, to allow me to be home, with my family more.

The movie/TV biz kept me away at work for about 80 hours a week, including travel time here in LA.

I have a 19 month old son and we have twin girls due the first week of March.
It just killed me to be away from my family as much as I was.

My brother told me about Forex in November of 2007.
I started studying Babypips.com
Read everything I could get my eyes on.
Wrapped my head around everything I could.

I started to Demo on Dec 11th, 2007.
From Dec 13th to the end of year, I turned my 5K demo account into 16K and some change.
I was very excited at this.

I went live on January 1st, 2008.
My brother and I have a joint account we both trade.
I also have a personal account I trade.

Things are going well on both accounts.
We've had some ups and downs, but have been making good profits.


Strategy updated on post #108
  • #2
  • Edited Feb 15, 2008 12:50am Feb 14, 2008 7:37pm | Edited Feb 15, 2008 12:50am
Currently, my goal is a 10% profit, per day.
I have hit this every day for the last two weeks.

I know it won't happen everyday.
I know when I move up to a full account in April I won't make 5K/day.

but, at the moment, with my balance, that is my goal and I've been hitting it pretty well.

With the full account, my goal will be 20% week.

Between 2-4pm PST, I will post my previous days trades, so I can follow my progress and you can follow it along with me, if you like.

Cheers.

Kurt
  • #3
  • Feb 15, 2008 1:09am Feb 15, 2008 1:09am
Hello Kurt or Kujo17

The story You are telling is the same almost for me, just the difference is that I worked for Cruise industry and I was away for 5,6,7 months and my daughter who is now 4 years old asked me when I came in her eyes, who is this "guy". So, I decided to stay with her, mother and I looked for something creating and like it is now. Yes it is a crazy "stuff", but I love it, because I met a lot of great people here, who give me energy and etc...
I met a friend who is on forex a while and he gave me some tools, I am from Eastern Europe, but living on the ships more then decade till last March, speaking english "OK", enough to understand forexfactory and etc....
I am using in my trading Your strategies,which are amazing, but last week I went for seminar in Prague and I changed for different one. Classic mistake in trading, because I changed something what I was not supposed to.
Now I am waiting patiently for the retrace.
I hope You will do excellent while You are trading.
Thanks for any advices and chats....
P.S. My friend just got twins and it is a great moment. My daughter is like three kids.
  • #4
  • Feb 15, 2008 1:20am Feb 15, 2008 1:20am
Quoting capetown
Hello Kurt or Kujo17

The story You are telling is the same almost for me, just the difference is that I worked for Cruise industry and I was away for 5,6,7 months and my daughter who is now 4 years old asked me when I came in her eyes, who is this "guy". So, I decided to stay with her, mother and I looked for something creating and like it is now. Yes it is a crazy "stuff", but I love it, because I met a lot of great people here, who give me energy and etc...
I met a friend who is on forex a while and he gave me some tools, I am from Eastern Europe, but living on the ships more then decade till last March, speaking english "OK", enough to understand forexfactory and etc....
I am using in my trading Your strategies,which are amazing, but last week I went for seminar in Prague and I changed for different one. Classic mistake in trading, because I changed something what I was not supposed to.
Now I am waiting patiently for the retrace.
I hope You will do excellent while You are trading.
Thanks for any advices and chats....
P.S. My friend just got twins and it is a great moment. My daughter is like three kids.
Great to hear you'll be home with your family now too.
Forex, when done right, obviously, can provide alot for a person.

Hope your system and trading is prosperous !

You can spend money and things, but you can't buy time back with your kids when they are grown up and out of the nest.
Enjoy it now...... I certainly am.

Be well !

Kurt
  • #5
  • Feb 15, 2008 1:38am Feb 15, 2008 1:38am
Which parametres are You using for CCI, SMAopen and SMAclose?
Do You use CCI14 and SMAopen34 and SMAclose204?
Just asking..
And to add to previous article about You, I have nice place to live, I am fine, but I lost three years of seeing her growing and You are right that I can not buy NOW for any money, that's why I am here at home.
Thanks for reply.
  • #6
  • Feb 15, 2008 1:50am Feb 15, 2008 1:50am
Quoting kujo17
I'll start off by talking about how I got into this crazy world of Forex.

I'm a camera operator in the Movie/TV industry.
The writers guild was going to go on strike and I was going to be out of work for a while.

I had been thinking about looking for another business venture, to allow me to be home, with my family more.

The movie/TV biz kept me away at work for about 80 hours a week, including travel time here in LA.

I have a 19 month old son and we have twin girls due the first week of March.
It just killed me to be away from my family as much as I was.

My brother told me about Forex in November of 2007.
I started studying Babypips.com
Read everything I could get my eyes on.
Wrapped my head around everything I could.

I started to Demo on Dec 11th, 2007.
From Dec 13th to the end of year, I turned my 5K demo account into 16K and some change.
I was very excited at this.

I went live on January 1st, 2008.
My brother and I have a joint account we both trade.
I also have a personal account I trade.

Things are going well on both accounts.
We've had some ups and downs, but have been making good profits.

My basic strategy is/was this.

5/15m charts.
QQE5
ZL Stoch set to 13
CCI
5sma open/close

I wait for the SMA's to cross.
When the Stoch crosses over and the CCI crosses the 0 line, I'll enter the trade.

IF they cross up, I go long.
If they cross down, I go short.

Very simple scalping strategy that is profitable.
But, time consuming.

I have since learned Fib use and TL's.

I now ONLY trade with the longer term trend.
On the rare occasion, I'll go against it, if I know a big retrace is in the process.

I'll usually set my TPs on Fib lines or area's of price with strong S/R levels.

Lately, I have changed my strategy to mainly use longer TFs.
I use the 1H/4H and Daily to project trading trend and ultimate TP area.

I'll then use the 5/15 for a good entry.
But then use the longer TF's to stay in trades longer and maximize my pips.

Within the next two months, I don't want to be using anything other than Long TF's and letting trades cook.

Instead of aiming at 10% a day, I'll aim for 20% a week.

I've learned alot and come along quite far in a very short period of time.
I don't ever do something 80-90-100%...... I do things 150% or not at all usually.

Thanks for many, many FFrs for their knowledge, support and continued succes to all of us.
I also am on a big learning experience.
Thanks to everyome here at ForexFactory. A beut site.
  • #7
  • Feb 15, 2008 2:03am Feb 15, 2008 2:03am
palease attach ZL stoch indicator.
thanks
Persian Gulf forever
  • #8
  • Feb 15, 2008 2:04am Feb 15, 2008 2:04am
Quoting capetown
Which parametres are You using for CCI, SMAopen and SMAclose?
Do You use CCI14 and SMAopen34 and SMAclose204?
Just asking..
And to add to previous article about You, I have nice place to live, I am fine, but I lost three years of seeing her growing and You are right that I can not buy NOW for any money, that's why I am here at home.
Thanks for reply.
CCI 50
5sma open and close
  • #9
  • Feb 15, 2008 2:05am Feb 15, 2008 2:05am
please attach ZL stoch indicator.
thanks
Persian Gulf forever
  • #10
  • Feb 15, 2008 2:05am Feb 15, 2008 2:05am
Quoting parsfx
palease attach ZL stoch indicator.
thanks
Zero Lag Stoch, at your service !! ;-)
Attached File(s)
File Type: mq4 Zerolagstochs_B.mq4   3 KB | 685 downloads
  • #11
  • Feb 15, 2008 2:13am Feb 15, 2008 2:13am
Kujo, is Stochastic indicator, which You use in VT Trader?
I did use Stoch. Momentum Index (13,25,2,3 ), I believe that I am wrong then.
  • #12
  • Feb 15, 2008 2:18am Feb 15, 2008 2:18am
Do You use CCI50 in 15Min Chart and5Min Chart??
I was told to use it in chart, which is more then 60M.
  • #13
  • Feb 15, 2008 2:37am Feb 15, 2008 2:37am
Quoting capetown
Kujo, is Stochastic indicator, which You use in VT Trader?
I did use Stoch. Momentum Index (13,25,2,3 ), I believe that I am wrong then.
I use this Zero Lag Stochastic indicator, setting of 13, with a 50 line.
I don't worry about the 50 line too much, unless price is just moving sidways and straddling it, I won't bother trading.

It used on MT4, not sure if it'll work on VT.
  • #14
  • Feb 15, 2008 2:39am Feb 15, 2008 2:39am
Quoting capetown
Do You use CCI50 in 15Min Chart and5Min Chart??
I was told to use it in chart, which is more then 60M.
Yes, CCI 50 is ideal for 1H.

I'm back testing a 1H CCI strategy to add to my normal Intraday strategy.
ONE trade at a time, either direction based solely on fractals and CCI 50.
Last week would have netted me an additional 843 pips, with one whole day last week netting -9 pips for the whole day.

So, I'm going to implement it next week with like a 2 lot size trade and see how it does.

I do use the CCI50 on the 5 and 15 to help my scalping trades, but the ZL Stoch and CCI and QQE are all pretty close on those TFs.
  • #15
  • Feb 15, 2008 12:13pm Feb 15, 2008 12:13pm
2.15.08

GJ
Shorts:
213 x2
212 x3
211 x1

I'm holding out for 209.5-209 area, a 61.8 fib retrace on the daily, a chart is attached.

From 209 area, I will go long to the daily 50% fib retrace from the last BIG drop to 204, which is in the 216.8 - 217.0 area.

Have a great weekend all !
Attached Image (click to enlarge)
Click to Enlarge Name: 2daily.jpg Size: 159 KB
  • #16
  • Feb 15, 2008 2:09pm Feb 15, 2008 2:09pm
Just an observation, may mean Nada......

This is Geppy related, as that is the pair I'm concentrating on, at the moment.

From HH at 213.85, first drop to LL was 196 pips.
Next move UP to new LH was 135 pips.
Next drop was 296 pips to new LL.
Next move up to Lower high was 155 pips.

So, should be guess a drop of 350+ pips plus could be in the works ?

to complete wave 5 of this move down/retrace, before our move up ?

Not really an EW guy, but just an observation.
  • #17
  • Feb 18, 2008 5:15am Feb 18, 2008 5:15am
Hello Kujo,
All the best, but the most important health for You as well Your family, upcoming kids and I belive rest will come.
Today it si ranging nicely, and I believe this afternoon I will not be here. When is Holiday in US, most of them are malls shopping and having fun....
Enjoy Your Day!!!!
  • #18
  • Feb 18, 2008 11:18am Feb 18, 2008 11:18am
Thanks Cape.

Today is my birthday.
I will spend it with my family and enjoy some free time.

market will just range like this all day, as it's a holiday here in the US, like you said.

I think by mid London session we'll see 209 area.

Then, we need to be careful when the Dow opens tomorrow am.
Options expired on Saturday, so Dow could be affected and we know how the Dow affects the GJ.

Have a grea day all.

Short from 213, 212, and 211s.... TP at 209.17
  • #19
  • Feb 19, 2008 1:30am Feb 19, 2008 1:30am
Hello Kujo,
I hope You had nice time Yesterday.
You are absolutely right with " Patience ", I am in "training program" with that point of trading even I should be at least good, because I trade live. I did trade demo, last two months I did it like live account, and still I had a problems with patience to wait for let's say retrace....
After My second loss last week I said that I have to look at the charts as I see it, this is Your words...
I believe the same way about today. London session.
I have a problem to put Your ZeroLag Stoch to VT trader, but I hope I will make it. Otherwise I like that strategy...except yesterday when was so slow that I took vacation yesterday afternoon and I spent time with my child...
  • #20
  • Feb 19, 2008 1:12pm Feb 19, 2008 1:12pm
Well, my shorts from 213, 212 and 211s paid out nicely at 209
We actually hit 208.8, which I thought we would, but TP'd out a bit early to make sure they were hit.

Here's my thoughts for 2.19-2.20.08

Here's a 1H chart.

We had the 38.2 fib hit a few hours ago.
She's staying above the lower TL nicely.
QQE, Stoch and CCI are crossed up.
Usually good for at least 100 pips here. 300 or so when 4H turns up, which is on her way.

50.0 fib and DP are right on top of each other and will provide tough Resistance.

I'll set my small position TP there, and wait to see if she falls back to 210.4 area.
If she drops and stalls up there, I'll add more long positions with 213.4 area as the final TP for that move.

I'll keep my 208.9 Long until 214/217 area.

Triple Swap day coming up...... ;-)
Attached Image (click to enlarge)
Click to Enlarge Name: 1H,2.19.jpg Size: 284 KB
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