Nobitacu,
Do you any trade running right now with the KISS method?
Do you any trade running right now with the KISS method?
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DislikedBest of luck with your wedding Nobitacu! I got married in May. Remember to enjoy the day in the midst of all the planning.
Look forward to seeing you back.
On another note, has anyone heard from Aus. He was due back to his room about 2 weeks ago and it seems no one has heard from him.Ignored
DislikedWell so far I am getting clobbered on this one. Which isn't necessarily a bad thing as long as I trade my plan. What I did wrong was extend my stop losses up a bit just so that they hid behind some significant resistance. But I didn't reduce my lot size accordingly so broke my Money management rules. Losing 3-4% is not part of my plan, I go for 2%. I would like to say lesson learned, but sometimes they need to be branded in to my forehead before that happens.
I had my exit signal on the 15M trade when the qqe60 crossed upwards, butdidn't take it because I thought the 4hr/1hr was still on and I had taken positions based on both those signals. Again, not trading my plan. I should allocate certain of my multiple lots to each strategy and not switch them around.
I'm also realising I have no exit strategy for the 4H1H strategy. What do you guys use to get out? Is it when the 4H QQE5 crosses the opposite direction. Or is it just a trade you ride to the stop?
The profit or loss of this trade is immaterial. Success comes from trading my plan. I moved the goalposts a little and that messes with the probabilities.
Every day demoing when I learn something is a good day.Ignored
DislikedI'm thinking of using this thread the way Sith Lord started it, as a place for thoughts and analysis for those trading Auslanco's 15Min and 4hr/1hr strategies. There seems to be a lot of people on the main GJ thread so stuff can get diluted.
Although it was great to see mjolimer and Pips Cruiser talk through the setup this morning. I took the short after confirmation at around the 210.80 region. It seemed we were getting 4H/1H signals and also a 15M signal when price was just below DP. So I'm targeting 200 pips.
daily, 4h and 1h all below Gann, daily chart turning bearish as PC said. But crucially, the signals came through clear, and as I am testing the strategy I take them. Maybe they win, and maybe they get stopped out. My goal is to gather data after live forward testing to see if the system gives me an edge. That could come from a 65% win rate.
So we'll see.
I'll post my thoughts on the strategies as I see things forming. Hopefully we can get a discussion going.Ignored
DislikedGreat idea! Looking forward to it!
I think the UK housing price news release turned the tide yesterday. It was negative data, but not as negative as expected. G/U and G/J price started shooting up after that. We could have opted to wait until after it, just in case. Or we could have opted to wait until after the next 4hr close, which would have also been after the news. But with price falling as quickly as it was, along with all the bearish signals, it didn't seem right to stay on the sidelines.
News is something we have to deal with. It can make or break a trade. A person is probably better off avoiding trades during certain releases. Price can whipsaw both directions and take out stop losses even if does eventually go the direction you thought it would. Last night wasn't like that, but it did reverse things, IMO.
By the way, I use a 100 pip SL for a 200 pip trade, and a 150 pip SL for a 300 pip trade. That seems like a good risk / reward. I won't close a 4hr/1hr trade because of a QQE turning. But I will close a trade early if it's obvious things have turned against me. This isn't always easy to judge though, and it could be argued you're better off making the market take you out. It's not uncommon for a 4hr/1hr trade to run though 2 sessions.Ignored
DislikedJust something to note.
GJ 4H has been ranging up n down but the 4H QQE has crossed up since earlier and getting itself out of oversold area, IMO this is a sign of bearish continuation and that'll start once the 4H QQE crosses back down.
Just my 2 cent.Ignored
DislikedJust something to note.
GJ 4H has been ranging up n down but the 4H QQE has crossed up since earlier and getting itself out of oversold area, IMO this is a sign of bearish continuation and that'll start once the 4H QQE crosses back down.
Just my 2 cent.Ignored
DislikedWell my 15M strategy trade got stopped out, partly by the news. No great lesson except to stay out of the market during big news announcements. It was a clear signal.
mjolimer, the yahoo was just to make contact, nothing important... May I ask why you don't trade the 15M strategy anymore?
There's clearly a range going onbut backed by the monthly and daily charts it looks like a fall is imminent.
Nice to see you here Karmo.Ignored
DislikedI don't trade it mainly because i was taking too many trades and the higher timeframes have been nicer to me.. so now all i do is wait for perfect 4h / 1hr setups on gbp/jpy... and also trade using Jacko's techniques and guidance on the eur/usd.
I think most of the systems work a lot of the time as long as you stick to them.. my problem was not the system it was me. To suceed i need to control my trading and calm down..
Anyway.. looks like a perfect short if the 1h qqe closes below the 50... my candle has 49 minutes to go..
I think i may be tempted.. what do you guys think? It's not a great time of day maybe? Opps.. just realised 4h hasn't opened below gann.. no trade for me.. damn
john
Ignored