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  • #101
  • Feb 10, 2007 1:07am Feb 10, 2007 1:07am
Quoting kharvell
How did everyone else do this week?
I ended the week up by about 70 or so pips. I didn't have a lot of time this week, so only got the chance for minimal trading.

Keep up the good work.
-i trade currencies at the airport-
  • #102
  • Feb 10, 2007 8:59am Feb 10, 2007 8:59am
Quoting kharvell
Right on! Nice job! Wasn't there some sort of agreement where I get 20-30% of everyone's profits? My memory is a bit hazy..

Kevin
Hi Kevin,
I was trying to send you a check 30% of gains but the bank laughed at me and said, "You want to send Kevin 30% of your meger pips! He already made his fortune at 19 and your puny pips are NOR NEEDED........."
That is what the bank said. What can I do? I just kept my pips with me. http://www.forexfactory.com/images/icons/icon8.gif
-Chandra
  • #103
  • Feb 10, 2007 9:03am Feb 10, 2007 9:03am
Quoting rideblitz
I ended the week up by about 70 or so pips. I didn't have a lot of time this week, so only got the chance for minimal trading.

Keep up the good work.
First of all, I'd like to thank Kevin for his generosity in sharing this new method.... Kevin, you're both a gentleman and scholar... I have one request for everyone visiting this thread-- for the benefit of new Forex traders such as me and many others, would you guys consider posting your trades so that we can follow along on our own charts? I'm still trading on a demo account, but I'm so intrigued by Kevin's latest method, this may be the closet thing to a Holy Grail method.... May God Bless each of you richly......
  • #104
  • Feb 10, 2007 9:07am Feb 10, 2007 9:07am
Quoting thomass
Hi!
There is L signal on GBP/USD, at least for people with candle close time around now.
The setup looks kind of strange, anyway according to the system - there is definitely L sig.
Regards
Hi Thomas,
Can you expand how GBPUSD has L signal? The price has closed within the lower bands. Don't you think we should wait till it closes inside the band?
Thanks.
-Chandra
  • #105
  • Feb 10, 2007 11:05am Feb 10, 2007 11:05am
Quote
I have one request for everyone visiting this thread-- for the benefit of new Forex traders such as me and many others, would you guys consider posting your trades so that we can follow along on our own charts?

Here's one possible trade to consider for the upcoming week: EUR/CHF is setting up for a Short trade per the BB Method. In addition, price hit a 7-year high on Friday, formed a possible Double Top formation, and Momentum has been falling off, all good signs for at least a temporary price retracement.

This will be a 1-lot trade for me with the target price at the SMA since it's a counter-trend trade. Stop loss will be the ATR of 61 pips. However, I will watch the candle as it nears the SMA, and for those willing to take a little more risk on this trade, it may be worth noting that the last counter-trend trade for EUR/CHF from 1/31 to 2/7 went right through the SMA all the way to the lower resistance bands.
Attached Image
Greetings from Guanajuato, Mexico
  • #106
  • Edited 12:29pm Feb 10, 2007 11:57am | Edited 12:29pm
Quote
I have one request for everyone visiting this thread-- for the benefit of new Forex traders such as me and many others, would you guys consider posting your trades so that we can follow along on our own charts?
USD/CAD presents another possible trade opportunity in the next few days. There's no signal yet, but this pair has been in a strong uptrend. Price fell on Friday after a positive Canadian employment report, but IF a Buy signal develops, it could be an opportunity to follow the usual Forex advice to "buy the dips in an uptrend".
Attached Image
Greetings from Guanajuato, Mexico
  • #107
  • Feb 10, 2007 1:17pm Feb 10, 2007 1:17pm
Quoting Chandra
Hi Thomas,
Can you expand how GBPUSD has L signal? The price has closed within the lower bands. Don't you think we should wait till it closes inside the band?
Thanks.
-Chandra
Chandra, I suppose we have different close times so probably that's why you couldn't see it.
Look at the chart below, second last candle (it was thursday).
I thought that the setup was pretty strange and choose to stay away, i'd rather be cautious with that extremely long candles. Looks like it was good decision. Against the system but good.
For me it's better quit unsure trades than cry. I also could open the trade and put SL as the system says, but don't really know why I didn't-just had a bad feeling when I saw the candle. Anyway, there were several other trades to open according to the system then. No hurry.
Attached Image
Thomas
  • #108
  • Feb 10, 2007 6:08pm Feb 10, 2007 6:08pm
There is a setup ready on EURUSD.
(My Closing time is 22:00 GMT)

R.
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  • #109
  • Edited Feb 11, 2007 12:07am Feb 10, 2007 11:50pm | Edited Feb 11, 2007 12:07am
First of all,

I'd just like to say that I am very pleased to see that everyone did really well on their first week! I do think we should all keep in mind that the system will lose, and just keep the same positive thoughts when those losing times come. But until then, here's to that pool of beer !

Quoting Chandra
Hi Kevin,
I was trying to send you a check 30% of gains but the bank laughed at me and said, "You want to send Kevin 30% of your meger pips! He already made his fortune at 19 and your puny pips are NOR NEEDED........."
That is what the bank said. What can I do? I just kept my pips with me. http://www.forexfactory.com/images/icons/icon8.gif
-Chandra
You crack me up. Enjoy your pips!

Quote
First of all, I'd like to thank Kevin for his generosity in sharing this new method.... Kevin, you're both a gentleman and scholar... I have one request for everyone visiting this thread-- for the benefit of new Forex traders such as me and many others, would you guys consider posting your trades so that we can follow along on our own charts? I'm still trading on a demo account, but I'm so intrigued by Kevin's latest method, this may be the closet thing to a Holy Grail method.... May God Bless each of you richly......

Wow, very nice Scott! THANK YOU for your nice words, and I don't know if I'm much of a gentleman OR a scholar: , but I do what I can.. In regards to your post of everyone posting our trades, I believe we all somewhat do this. I don't really want this to be some sort of signal service, but more like analysis. One can just point out what they see, show a chart, post what they did. It should be up to the reader to decide whether to go along with the trade based on your understanding of the method. As far as I'm concerned, I'm still looking for the Holy Grail myself, maybe find it one of these days..

Quote
Here's one possible trade to consider for the upcoming week: EUR/CHF is setting up for a Short trade per the BB Method. In addition, price hit a 7-year high on Friday, formed a possible Double Top formation, and Momentum has been falling off, all good signs for at least a temporary price retracement.

This will be a 1-lot trade for me with the target price at the SMA since it's a counter-trend trade. Stop loss will be the ATR of 61 pips. However, I will watch the candle as it nears the SMA, and for those willing to take a little more risk on this trade, it may be worth noting that the last counter-trend trade for EUR/CHF from 1/31 to 2/7 went right through the SMA all the way to the lower resistance bands.


Quote
USD/CAD presents another possible trade opportunity in the next few days. There's no signal yet, but this pair has been in a strong uptrend. Price fell on Friday after a positive Canadian employment report, but IF a Buy signal develops, it could be an opportunity to follow the usual Forex advice to "buy the dips in an uptrend".
Hey Yen,

Good analysis on EUR/CHF. I think I will be entering short myself Sunday upon lower spreads. Also, GOOD ANALYSIS on USD/CAD! It does look like we'll have a signal definitely by Tuesday or Wednesday.

Quote
There is a setup ready on EURUSD.
(My Closing time is 22:00 GMT)

Hi rancliff,
I would go for that short on opening sunday early if you can. I am short already since Friday. Post 94 for details. Good luck!



Also, I'm looking at EUR/GBP right now and I'm seeing a Sell signal which I will probably take on sunday lower spreads. It seems to be in a longer term down trend, so taking the sell doesn't seem too bad. Probably will enter with one lot since the price has already passed the SMA. It has touched 6 BB bands on my chart and is heading down. This is that All-Star bar I believe. I never thought of the occurrence of color difference.... I'm going to take it as a good sign to go short. Also since it hit that 6th band, I think it's gonna go down hard.

Good luck,

Kevin
Attached Image
  • #110
  • Edited 2:04am Feb 11, 2007 12:58am | Edited 2:04am
Quote
Also, I'm looking at EUR/GBP right now and I'm seeing a Sell signal which I will probably take on sunday lower spreads. It seems to be in a longer term down trend, so taking the sell doesn't seem too bad. Probably will enter with one lot since the price has already passed the SMA. It has touched 6 BB bands on my chart and is heading down. This is that All-Star bar I believe. I never thought of the occurrence of color difference.... I'm going to take it as a good sign to go short. Also since it hit that 6th band, I think it's gonna go down hard.
Kevin,

I'm wondering if your chart is correct on EUR/GBP. I looked at two different chart servers and both show EUR/GBP ending Friday with a new high. My broker shows a closing price of 0.6668 vs. the 0.6600 or so on your chart. Note that our charts are virtually identical except for Friday's candle, so I'm thinking your chart server might have received some bad data right at the end of the trading day.

Here's a link to a free chart if you want a second opinion:
http://www.cbfx.com/charts/charts.htm
Attached Image
Greetings from Guanajuato, Mexico
  • #111
  • Feb 11, 2007 3:46am Feb 11, 2007 3:46am
Kevin,
I have the similiar chart to Yen's one. Have a second thought about EUR/GBP.
  • #112
  • Feb 11, 2007 3:50am Feb 11, 2007 3:50am
Yen's chart is correct
Regards
  • #113
  • Feb 11, 2007 3:51am Feb 11, 2007 3:51am
I'm watching this pair closely and the close on friday was 0.6673.
I use OANDA charts.I'd think we should all use the same chart if we want to talk about the same things.
just a suggestion.
  • #114
  • Feb 11, 2007 7:26am Feb 11, 2007 7:26am
Quoting yen44x
Kevin,

I'm wondering if your chart is correct on EUR/GBP. I looked at two different chart servers and both show EUR/GBP ending Friday with a new high. My broker shows a closing price of 0.6668 vs. the 0.6600 or so on your chart. Note that our charts are virtually identical except for Friday's candle, so I'm thinking your chart server might have received some bad data right at the end of the trading day.

Here's a link to a free chart if you want a second opinion:
http://www.cbfx.com/charts/charts.htm
Same with me, also checked 2 providers and see similar situation as Yen described.
Thomas
  • #115
  • Feb 11, 2007 8:37am Feb 11, 2007 8:37am
Quoting yen44x
Kevin,

I'm wondering if your chart is correct on EUR/GBP. I looked at two different chart servers and both show EUR/GBP ending Friday with a new high. My broker shows a closing price of 0.6668 vs. the 0.6600 or so on your chart. Note that our charts are virtually identical except for Friday's candle, so I'm thinking your chart server might have received some bad data right at the end of the trading day.

Here's a link to a free chart if you want a second opinion:
http://www.cbfx.com/charts/charts.htm
Hmmm... Very interesting. Oanda actually shows the price at .6669(close to you guys) on its table, but the bar ends at .6591(WEIRD) on the chart! I think I might have noticed this eventually when I went to Sell and the price wasn't even close to the chart price. Anyway, thank you all for pointing this out, and I will NOT enter Sunday(most likely)!

Kevin
  • #116
  • Feb 11, 2007 8:47am Feb 11, 2007 8:47am
Hi,

Thanks for sharing your method Kharvell , going to try it out this week.

I have a simple question, do you ever move your stop-loss? or it will always the price +/- ATR and it stays that till either ur tp gets hit or it reverses on you and you get stopped out.

Thanks,

Karmostaji
Trade what you see, not what you think.
  • #117
  • Feb 11, 2007 9:22pm Feb 11, 2007 9:22pm
Quoting karmostaji
Hi,

Thanks for sharing your method Kharvell , going to try it out this week.

I have a simple question, do you ever move your stop-loss? or it will always the price +/- ATR and it stays that till either ur tp gets hit or it reverses on you and you get stopped out.

Thanks,

Karmostaji
S/L will always stay at ATR value.

Good luck,
Kevin

Well then, I have entered another trade as per Yen's analysis, and everything matches up on my charts, so I took it. Also, my EUR/AUD trade was stopped out for a loss.

Liquidate 1 lot EUR/AUD
Date: 2/11/07
Price: 1.6828
Lots: 1
Reason:
S/L was hit.

Pip P/L: -98 pips

Trade #8

Sell EUR/CHF
Date: 2/11/07
Price: 1.6237
Lots: 1
Reason:
Price broke into main channel on Friday, and I missed my chance to enter. Fortunately(or unfortunately), I was able to enter at a higher price for a chance to make more pips if this breaks in our direction. SMA was sloping up so only 1 lot and a 52 pip S/L. T/P is set at 1.6178. My chart is attached.

Total P/L: 19 pips

Good luck to everyone,

Kevin
Attached Image
  • #118
  • Feb 12, 2007 9:21am Feb 12, 2007 9:21am
Eur/usd has been liquidated because it hit the middle SMA. I still have the really old position and am hoping it heads towards the bottom of the channel.

Liquidate 1 Lot Eur/USD
Date: 2-17-07
Price: 1.2973
Reason: T/P was hit at the SMA.

Pip P/L: 39
Total: P/L: 56

Here are my current trades:
Attached Image
  • #119
  • Feb 12, 2007 10:18am Feb 12, 2007 10:18am
Just wanted to mention some of the pairs that are setting up..

USD/JPY
USD/CAD
EUR/JPY
CAD/JPY

hopefully they don't move much till the close of the daily candle..

Good luck all
Trade what you see, not what you think.
  • #120
  • Edited 11:29am Feb 12, 2007 10:30am | Edited 11:29am
New Trades:

2/11
USD/CAD Long @ 1.1737
Lots: 2
SL 74 pips

Target for 1st lot is 1.1786. The candle for Friday (2/9) just barely touched the BB line & then closed in the channel, but this pair has been in such an uptrend that I went ahead and took the signal.

2/11
EUR/CHF Short @ 1.6220
Lots: 1
SL: 65 pips

Target in this counter-trend trade is the SMA of 1.6176. I took this trade too early in the day on Sunday before price settled in. Kevin mentioned in a previous post that he got a better entry price later in the day.

2/11
EUR/USD Short @ 1.3013
Lots: 2
SL: 78 pips

The target for the 1st lot was 1.2970, which has already been hit as of Monday a.m. for a profit of 43 pips. Lot 2 is still active.

Here's the USD/CAD chart:
Attached Image
Greetings from Guanajuato, Mexico
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