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

Kujo, Congratulations my friend on your two beautiful daughters! Here's to a great life and continued success for you!

hi kujo,
the first i like to say is congratulations to your little twins.
i wish them and your family a good and healthy life.

when i was looking at the little cards i'd must smirk because when
they are a bit older the right one would tease the left. like "i'm the older one of us and you need to here on me....."


so, can you please clearify your scalping sys?


My basic strategy is/was this.

5/15m charts.

both in correlation or m5 individually and m15 individually?

QQE5
ZL Stoch set to 13

wich line do you use, the slow or the fast or both? and how? (cross 50 or cross each other or the slope maybe?)

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.

need all the crosses to be at one candle or should i wait for all to be complete within 3 or 4 candles? and isn't the rule with "the candle that should not touch the sma's" still valid or not?

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

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

and when do you exactly exit a trade? and wich SL do you use? (a static or previous high/low? plus spread or including?)
i know it's different with different pairs...


i have tried a lot of combinations with all the indis, but they doesn't give really good results in my backtests. sure there are positive pips but not as much as you mentioned in some posts here at ff (like 500-800 a week )

i'm sure i'm doing something wrong

i know, you does'nt trade this anymore because you aim for longer TF's and trades, but i'm in front of my charts all the time and like to test your strategy...

it would by great and i would be very grateful if you could clear my mind.

kind regards
spence


ps: sorry for the poor english, its not my native one...

Congrats on your babies!

I'm still in college and quite away from this but I am looking forward to start a family and settle down with my fiance.

A happy and healthy life to you and your family!
Marc

Hi Spence,

Basically, what I'm doing now is this.

5m and or 15m charts, depending on how noisy it is.

QQE5 and RSI

I'll watch the 1H/4H trends on the QQE and then trade ONLY this direction.
If it's UP, I'll wait till RSI is in over sold area on the 5 or 15.
When it turns up and crosses the 60 line and then QQE5 turns up, I'll go long.

Just the opposite for short.

It makes less pips, but I use bigger lots and have very few losses.

very simple and has worked well as of late.

I also usually put a small position on the 4H trend.

I use Fibs and other horizontal TL's at heavy points of S/R to help with TPs.

Simple strategy, but the little nuances are hard to explain and sometimes, it's a bit of instinct as well.

good luck and find what works for you and stick with it.

kj

Hope all are well.

Back to trading, just with more babies to feed ! ;- )

Well, seem we have a nice little up trend on the 4H.
QQE is still up and just straddling the 50 line, so could go either way.
But, we have a nice long term lower TL tracing upwards that price is following nicely.

With my TLs and S/R lines on the 4H, I'm aiming at the following TPs.

As long as she stays above 206.20: 206.92, 207.39 and 207.79.
These are my short term targets.

We'd have to have a breach of the 205.8 area to then see 205.36 and 204.62 and then 204.02

What I'm doing for the moment now, is trading from 4am to 8-9am PST.
Scalping, looking for 150 avg daily pips.

1 full lot, one trade at a time.

I then use a smaller position on the 1/4H trends to have longer time frame trade running.

KJ

Lol. it's a good thing kujo..you are lucky.

absolutely!

Here's my take.

7:23 am PST

We had a big news spike.
4H QQE is up and RSI isn't into over bought yet, so I'm looking at some upward movement today. Probably to the 208.5 area, which is a 50.0 retrace from the last big drop.

1H QQE is still up, but flattening a bit, but price has stopped above the 23.6 fib of that last move up twice now. RSI is at overbought area, but if we get any more down and QQE crosses down, I'd bet 205.6 area as the low before moving back upwards.

5 and 15m are up and down.

Presently, I'm back to using my scalping techniques, as I've been boned by news too many times now, when away from the computer and leaving longer term trades running.

I was the most profitable when scalping using my 5/15m strat with Fibs and TLs, so I'm back to that.

Less pips, but I'm just using larger lot sizes as I'm never leaving trades open and only trading on the longer TF trends. NOT up and down.

I will also post my trades as well.

Short 206.99 x1 lot, on the news spike retrace.

Exited at 206.63, the 23.6 fib of this last move up.
Not sure a 50/61.8 retrace is in the cards.

30 pips booked.

Kujo,
which RSI settings do you use?
I follow this tread with great interest. It would be ineresting to see yourc harts, too.
Thank you.

Hope your twins sare well (and you and your wife catch some sleep).

Piksy

Hi,
I use RSI it set to 14.
I set levels at 70,60,50,40 and 30.
I use QQE5
I use Fibs and TLs on the upper TFs for TPs and to figure out probable reversal areas.
I also use 10,20 and 50 SMAs on the 5 and 15M charts.

What I'm doing lately is this.
See the chart for reference.

Longs: QQE turns up, RSI crosses up the 40 line, and then 10/20sma cross, enter at close of 5 or 15m bar depending on the market.

I'll then use Fibs or TLs at strong S/R levels to project TPs.

I'm getting into trades later, but not taking any losses due to waiting for a good signal, then making up the pips with larger lot size.

In the case of this 15M chart, I would wait until a close above the DP, as they crossed just below it and would want to make sure it'd be broken Resistance and not push me down after going long.

Working well so far.

I really watch the longer TFs, even when scalping.

207.70 proved to be a strong S/R area.

Seems we'll get a small 38.2 or 50.0 retrace during the Asian/London session, as it looks like the GU is retracing a bit, along with the UJ.

205.71 will be my target to go LONG.
213 with the possiblity of 217 as targets.

Short from 207.28, TP at 206.80 and then 206.10 for safety.

I'll wait for a rejection at 205.8 area and then Buy.

thanks kujo

Thank you Kujo Ur the best!

good morning.

207.41 has been strong Resistance.
13 4H bars have NOT been able to close above it.

This new bar closes in 4 mins and will also close below.
The QQE could turn down at this point.

I'm short from 207.41 with sell limit tripped.

Let see how much momentum down she has before our move up.

Not looking for a huge pip TP here. Probably around 206.20 ish.

But, all depends on 4H QQE, as the 1H is down already.

short from: 207.41 x1 active
207.20 x.5 active

TP: 206.50

15M lower TL is broken.
momentum is down.

Hope to see 205.71 to load up some longs for 3x swap day.

TPs hit. Profits booked.

Looking to go long now for 3x swap.

Long from 206.21 on the TL S/R area rejection.

TP around 207 ish. Nothing set yet

TP'd out at 206.85, just below the 50.0 fib of that last small move down.

another scalp short at 206.21

tp: 205.37

will be lower if 4H closes and QQE crosses down.