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

A post on how I use Fibs for TP areas.

http://forexfactory.com/showpost.php...postcount=1724

Currently sitting on two longs, which I'll hold until 214-217 area.

Shorter term, I'm short from 210.00, with TP of 209.17.

I feel we'll have a slight down push throughout the early London session and then things will turn around, staying above S1, and we'll move up to 213-214 area, once we get past the 4H 200ema.

Triple Swap Weds...... go Long..... ;-)

Missed out on alot of Pips the last few days, as a family member became ill and I've been taking care of him.
Not much time to get the machine at all.

Set a few limit/stop orders and have had one hit and TPd.

But, I'll be looking forward to getting back at it next week, as the week after, March 3rd, we're scheduled to go in to Hospital for my Twin daughters birth.

Hope all are well.

Happy Pip Hunting.

2.24.08

http://forexfactory.com/showpost.php...postcount=1921

Well, the last 10 days or so, has been hectic for me.
Not alot of time to trade or make good analysis'.

Looks like we're stalled up a bit here.

Last three 1H bars have been small and almost identical in size and price.

30m and 1H QQE's are down and below 50.

15M is turning up, but the DP will probably hold us down.

4H is very close to crossing down and when 4H QQE crosses down, we're usually good for 2-300 pips. USUALLY.

We might be in a holding pattern at this point until Frankfurt/London open.

One thing to think about is the UJ 4H QQE is down and she's testing a long term lower TL.

If she breaks that lower TL, this is probably good for a few hundred pips down as a Reversal and not a retracement.

If it is a reversal, I'd put us around 209.32, which was strong S/R area.
211.21, 211.05 and 210.31 are also S/R areas to watch as well.

If the 4H turns down on us, I'd think we're good to 210 area at least.

We had 4 Bull Daily bars on the move up here.
Keeping in the pattern of the last 2 weeks, we could have that mid 209 reversal here for the next few days before retesting 213.8 area.

Until we break 213.5-213.8 area, I'll be in 'scalp' mode.

I have been working my way to trading on longer TF's, using the 15/30M for early entries and then riding the 1H/4H charts and holding onto trades for longer times.

But, with a smaller volume, rangey market, scalping 50-70pips trades up and down, still fills the account equity nicely.

Hope all are well and many Pips to tall.

Trade what you see........

kj

Excellent stuff, keep it up bro

Thanks Karmo.
I've really learned alot from you, Q, DG and MikeW.
Very thankful for FF and excellent, personable traders like yourself.

Lets drop down to 210 to load up for 217 next week !

CCI 14 seems to work better, no?

i didn't do whole alot of back testing, but it seems that CCI14 crossing 0 line seems to more effective when matching with other indicators cross overs.

please let me know if i'm mistaken.

thank you.

No ignorance........

CCI14 will get you into some false break outs/moves.

I find CCI50 to be safer and just use larger Lots sizes.

I'm kinda always evolving.

Primarily, now, I use just QQE5 and QQE60 and RSI.
Along with Fibs and TLs to figure out TPs/exits.

Put a QQE5 and CCI50 on a 15M.
When a bar closes on the QQE cross and CCI is moving in that direction and coming out of over bought/sold area, I'll enter.
When CCI crosses the 50 it's usually in unison with the QQE.

kj

i've been using 15min chart with QQE5 and QQE60 with reversal singals.
and of course, RSI and MACD.

but with your ZLS and CCI14, it gives me clearer picture where to get in.

i only traded a couple of time successfully so far with this strategy, so it's very premature to say anything, but it looks good to me for just aiming for 5-20pips at a time on the 30min chart.

when the chance comes:
G/J target 10-50pips,
E/U and U/J target 5-10pips,
G/U and U/Chf target 5-15pips

i'm uploading my chart for your reference.

this setup seems to work on any pairs with this setup.

HiLo indicator is another good tool to see where to get in and out.
i didn't draw it on this chart, but it's good to check it out.
by the way, i'm looking at about 5 different setup on different windows.

can you share your idea how you trade?

i got 25pips here. i thought it could go down further, but i got out at the pivot line. it indeed broke out and went down further.

Hi Newline.

Great Job and nice set up there.

I use the Gann HiLo on the 4H and Daily.
basically, my way of doing things as of late is this.

Where ever the 1H and 4H trend is, I'll only trade that direction.
So, if the QQE is crossed down on the 1H for at least one bar and the 4H is about to cross down, I only short.

I then use the 15M/30M charts to enter.
When RSI is in overbought zone and crosses down below 60 on the 15M and QQE crosses down, I'll enter on the next bar close or 15-20 pips below the previous bar close if all is in order.

I'll then let it cook and watch the 1H and 4H.
If 1H and 4H are both down, like they did late last night, I'll stay in that trade until the 1H starts to level off and 30M starts to turn up/touch for cross over.

I'll basically get into a trade 15-20 pips late, but it alows me to stay away from false breakouts.

So, then I'll use larger lots to make up for lost pips.

I want to be trading solely on the 1H/4H charts and Daily, so I don't have to sit and scalp at the computer all day.
Let some longer TF trades run and then just scalp when I'm not doing anything else basically.

Hope this helps.

kj

http://forexfactory.com/showpost.php...postcount=1974

http://forexfactory.com/showpost.php...postcount=1975

Kujo:

I am new. I read your post and find your forcast is very accurate. so I try to learn from your stratage. Now there is one thing I can not get. How can you find out the trend in 1H/4H. thanks a lot!

With your indicators.

when a QQE5 or say a 5sma open and close cross, that is a change in trend.
On longer TFs, like 1h/4h and Daily it's truely a 'TREND' reversal.
On shorter TFs like 5/15M it's just noise.
But, if you are scalpin, then you use the lower TFs to get in and out.

But, as I've said, scalp with the trend and you'll never lose.

kj

Thanks for your wonderful answer.

Well, this has been an INSANE week !

I will be taking this coming week off, due to the fact my wife will be delivering our Twin girls tomorrow night/early Monday.

We already have a 21 month old son.

Life will be insane and looking forward to having the Forex trading afford me the ability to stay home with my family and watch my kids grow up, up close and personal and not just see them on the weekends.

Hope you all have a great week and see you all, trading and posting on 03.10.08

Cheers !

Kurt

Hope all have been well and making lots of pips.
I'll be back next week.
I'll look over the weeks action over the weekend and figure out my analysis of where I'll head.

the only chart I've been studying......


http://thebabyjones.com/2008/03.03.0...irth/twins.jpg

Riley and Norah are doing well, along with Mommy.

Looking forward to trading again.

I will post some charts in a bit.
Just getting back into the swing of things here, after a week off.

4H is trading above the Gann.
Looks to be running up the lower TL.
Seems a 50.0 or 61.8 retrace is in order perhaps.

15m, 30m, 1H and 4H QQE's are all pointing north.

My first trade back is a Long from 206.50
TP'ing out at 207.3 area for a quick scalp.

Just trying to get back my 'feel' for what's going on.

I walked away from the GJ at a very INSANE time, so need to feel things out for a bit.

I'll probably just 'scalp' a bit, as my time to review charts will be a bit limited for a while, with infant twins and a 21 month old son.

So, scalp out 150 pips a day and use a bit bigger lot sizes.

This is my short term strategy for the moment.

Looking forward to trading full time again next week.
Or least as much as I can..... ;-)