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kharvell's Trades

  • #1
  • First Post: Feb 24, 2007 1:01pm Feb 24, 2007 1:01pm
This journal is for me and my various ideas. One thing will always remain constant in this journal, and that is I will always post my trades. Everything else; including my methodology is subject to change.


I have thought up a new method that interests me greatly because:
1) It keeps most trades INTRAday meaning that I enter at around open and exit at around close for nearly all trades. For those of you that don't know me, this is a big deal because I usually always carry trades for a while.

2) It seems to outperform anything(including BB) I have thought of to this point in time

3) I will more than likely trade only 2-3 MAYBE 4 pairs

So, I will be using this method to begin with, until I think of something BETTER. According to backtests, I should be right about 60% of the time, so adjust your risk accordingly.


ALSO,
I encourage this thread to be a discussion of EVERYONE'S trades. I WANT there to be discussion about potential trading opportunities, and I WANT there to be help for everyone!

Best wishes,

Kevin
  • #2
  • Edited Feb 26, 2007 1:27am Feb 25, 2007 9:56am | Edited Feb 26, 2007 1:27am
it's nice to see that you develop wining trading systems one after the other.
Looking forward to see this method and tweak a little with it.
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #3
  • Feb 26, 2007 4:49pm Feb 26, 2007 4:49pm
Alright! Let's get this thread rolling!

I have decided to give up on the method I mention above and to just stick with what works

A couple of pairs are lining up for some pip taking:

Short CAD/JPY
Long USD/CAD

I will post my trades at around 10PM CST tonight.

Kevin
  • #4
  • Feb 26, 2007 8:50pm Feb 26, 2007 8:50pm
So, are you still using BB signals afterall? As you know, I've been learning more of the Bollinger Band stuff and have recently begun adding in Candlestick/Price Action also. Still mucking around with the Demo account.

I was looking at the USD/CAD...what do you like about it going long? Everything I see (on the Daily chart) indicates more of a sell-off. While price is currently stalled at an established pivot, the 20 SMA is shooting down as is a couple of other MA's I plot. Are you looking long due to possible short-term retracement or are you looking long longer-term?

Randy

P.S. - Right now I don't see any obvious Candlestick clues. On my chart, the 2-23-07 bear candle's real body was too big to qualify as a Hammer.
  • #5
  • Feb 26, 2007 10:07pm Feb 26, 2007 10:07pm
Quoting RandyG67
So, are you still using BB signals afterall? As you know, I've been learning more of the Bollinger Band stuff and have recently begun adding in Candlestick/Price Action also. Still mucking around with the Demo account.

I was looking at the USD/CAD...what do you like about it going long? Everything I see (on the Daily chart) indicates more of a sell-off. While price is currently stalled at an established pivot, the 20 SMA is shooting down as is a couple of other MA's I plot. Are you looking long due to possible short-term retracement or are you looking long longer-term?

Randy

P.S. - Right now I don't see any obvious Candlestick clues. On my chart, the 2-23-07 bear candle's real body was too big to qualify as a Hammer.
Hey Randy

Good to hear from you! I have decided to still use Bollinger Bands for now; unless something better comes along. I had a look at USD/CAD again, and it looks like my signal disappeared, so I didn't take the trade. I expect it to retrace here shortly, but I'm not sure to what extent the retracement will be. It's good to see that you are using Nison's ideas, and I look forward to hearing more from you on potential signals you are seeing(that I am not) I feel that using price action and BB's can be a lethal combination if harnessed correctly, so keep up the good work, and I will likely be taking the same path at a slower rate due to my busy schedule.



A short in EUR/JPY emerged, so I took that instead of USD/CAD.

Here are my 2 new trades for today:

Short EUR/JPY @ 158.81
T/P = 157.65
S/L = 159.80

Short CAD/JPY @ 103.84
T/P = 102.98
S/L = 104.65

BTW, since I have begun keeping a record of my trades(2-1-07), I am up 442 pips. I will start my Total Pip count from this point.

GOOD LUCK!

Kevin
  • #6
  • Feb 27, 2007 12:00am Feb 27, 2007 12:00am
Since Kevin is nice enough to have us post with him, I'll throw out my trades for the day. (Only one actually)

Short EURJPY @ 158.76
S/L @ 159.66 (My ATR was roughly 90 so thats what i went with)
T/p @ 157.90 (slightly above my sma)

I originally also saw a long on CAD aswell, and a short on Euro but decided they weren't very attractive to me.
-i trade currencies at the airport-
  • #7
  • Edited 3:00am Feb 27, 2007 1:46am | Edited 3:00am
Kevin,

Here we go again . . . may this thread be as successful as the previous ones!

Allow me to jump on the EUR/JPY bandwagon . . .

Entry: 159.02
SL: 159.85 (20 pips above record high)
TP: 157.77

As I write this, EUR/JPY is at 158.04, so we're all LOOKIN' GOOD!
Greetings from Guanajuato, Mexico
  • #8
  • Feb 27, 2007 5:31am Feb 27, 2007 5:31am
Glad to see people gradually coming back
Regards
  • #9
  • Feb 27, 2007 6:44am Feb 27, 2007 6:44am
In my Demo I went short GBP/CHF at 2.4139. On the Daily chart (IBFX) it looks like it's about to bump up against a Pivot (S/R line) somewhere around 2.3970.

Should I take all profit here or take, say half, and allow room for some of it to run (with a tighter S/L)? Or some other idea......?

Randy
  • #10
  • Feb 27, 2007 7:20am Feb 27, 2007 7:20am
Quoting RandyG67
In my Demo I went short GBP/CHF at 2.4139. On the Daily chart (IBFX) it looks like it's about to bump up against a Pivot (S/R line) somewhere around 2.3970.

Should I take all profit here or take, say half, and allow room for some of it to run (with a tighter S/L)? Or some other idea......?

Randy
Based on what method did you go short? There was no short entry trigger at 4139 by BB method.

If you have used some other method you should follow that method's rules for TPs.
Regards
  • #11
  • Feb 27, 2007 7:49am Feb 27, 2007 7:49am
On the 23rd there was a spike and bounce right off the BB 20 sma. I took this as a chance to look for a Short upon confirmation. I entered on a downside break of that day's low.

One of my next goals to improve is to enter with an S/L and exit strategy in place.

Randy
  • #12
  • Feb 27, 2007 8:44am Feb 27, 2007 8:44am
Hello everyone,

You can tell when I'm making money because I use lots of smilies

Quoting howard
Glad to see people gradually coming back
As am I! There was a lot of interest in this new thread; almost 50 private message posts to be exact! I'm sure it'll pick up around here.

Quote
In my Demo I went short GBP/CHF at 2.4139. On the Daily chart (IBFX) it looks like it's about to bump up against a Pivot (S/R line) somewhere around 2.3970.

Should I take all profit here or take, say half, and allow room for some of it to run (with a tighter S/L)? Or some other idea......?

Randy

Hey Randy,

Looks like that short in GBP/CHF is looking pretty good right now for you! I would suggest setting your TP, right above that pivot resistance line you mention. That should be somewhere around 2.3975. The reason why I would do this is because since that line is clearly resistance, there is no guarantee that the next time buyers and sellers battle that it will even reach that point. It may just come close and back off. In regards to taking partial profit vs all profit; I would say to take all profit. It has been months since price has been below the resistance line you mention. If I were you, I'd feel a lot better about taking profits when I can as the price does weird things around resistance lines. Later on, if the price breaks through the resistance, I would look for another good opportunity to sell and resume where you left off. Hope this is any help!



Alright,

For those of you that entered short EUR/JPY with me, you must be happy! And for those of you that entered short CAD/JPY with me, too, you must be SUPER happy!

EUR/JPY T/P hit for 110 pips
CAD/JPY T/P hit for 82 pips

Total pips = 634

Cheers!

Kevin
  • #13
  • Feb 27, 2007 10:31am Feb 27, 2007 10:31am
Quote
Alright,

For those of you that entered short EUR/JPY with me, you must be happy! And for those of you that entered short CAD/JPY with me, too, you must be SUPER happy!
Lots of 's today on the EUR/JPY trade.

I closed out 3/4 of my lots at 125 pips. At that point, price was still diving hard, so I let the other 1/4 run and then closed at the short-term trend line at 157.16 for 186 pips profit.

On the other hand, I missed the CAD/JPY trade , so my is not quite as wide as Kevin's .
Greetings from Guanajuato, Mexico
  • #14
  • Feb 27, 2007 11:29am Feb 27, 2007 11:29am
This is one thread I definitely will follow... I'm very happy with the BB system. Here is my trades currently open.

Short CAD/JPY @ 104.31
Currently: +233 pips

Short USD/JPY @ 120.54
Currently: +195 pips

= +420 pips.

The USD/JPY was based on BB and priceaction, I have also noted that when price goes through SMA 20 at U/J it mostly of the time goes all the way to BB.
  • #15
  • Feb 27, 2007 5:37pm Feb 27, 2007 5:37pm
Quoting yen44x
Lots of 's today on the EUR/JPY trade.

I closed out 3/4 of my lots at 125 pips. At that point, price was still diving hard, so I let the other 1/4 run and then closed at the short-term trend line at 157.16 for 186 pips profit.

On the other hand, I missed the CAD/JPY trade , so my is not quite as wide as Kevin's .
Ehh, I think I'd be ok with about 140 pips for you if I were you. I think it is wise that we don't over trade the JPY's movement... With that being said, I will probably enter short CHF/JPY this evening.

Quote
This is one thread I definitely will follow... I'm very happy with the BB system. Here is my trades currently open.

Short CAD/JPY @ 104.31
Currently: +233 pips

Short USD/JPY @ 120.54
Currently: +195 pips

= +420 pips.

The USD/JPY was based on BB and priceaction, I have also noted that when price goes through SMA 20 at U/J it mostly of the time goes all the way to BB.

I like Bollinger Bands! Nice work on your 420 pips! It seems as though JPY is going to be going down for a while. I will probably enter via CHF/JPY and watch the rally just keep on going!


Potential trades for me:

Short CHF/JPY
Long EUR/AUD
Long USD/CAD
Short USD/JPY

Ehh, what the heck, probably gonna overtrade JPY after all. It seems to be working nicely. I am looking to enter long term pretty heftily due to this extreme bearishness in all the crosses.

Best of luck,

Kevin
  • #16
  • Feb 27, 2007 9:24pm Feb 27, 2007 9:24pm
Alright, the above mentioned trades were entered. Here they are again with details.

Long USD/CAD @ 1.1675
T/P = 1.1715
S/L = 1.1609

Long EUR/AUD @ 1.6791
T/P = Undetermined
S/L = 1.6690

Short CHF/JPY @ 97.13
T/P = Undetermined
S/L = 97.82

Short USD/JPY @ 118.42
T/P = Undetermined
S/L = 119.33

Good luck to all,

Kevin
  • #17
  • Feb 27, 2007 9:31pm Feb 27, 2007 9:31pm
Two new trades for me . . .

USD/JPY Short @ 118.12
SL: 119.06
TP: To infinity & beyond (but I'll settle for less if necessary)

USD/CHF: Short @ 1.2172
SL: 1.2254
TP: TBD

This is my first try at an "all-star" bar, so we'll see how it goes.
Greetings from Guanajuato, Mexico
  • #18
  • Feb 28, 2007 2:20am Feb 28, 2007 2:20am
How come you are shorting U/J? The price did go all the way to BB4 and then retraced... is there something you know that I don't?
  • #19
  • Feb 28, 2007 5:01am Feb 28, 2007 5:01am
Quoting grillbritt
How come you are shorting U/J? The price did go all the way to BB4 and then retraced... is there something you know that I don't?
i have the same question, and besides why did you trade all this pairs before news release?
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #20
  • Edited 8:26am Feb 28, 2007 7:54am | Edited 8:26am
Quoting grillbritt
How come you are shorting U/J? The price did go all the way to BB4 and then retraced... is there something you know that I don't?
Hey grillbritt,

Please see Yen's comment about all-stars, and recall that everybody's chart looks different. One thing seems pretty clear: and that is JPY is headed down for the time being. In all honesty, any JPY cross you short looks to be profitable. Apparently, China stirred some stuff up by releasing some pretty dismal stock market results. US's wasn't to good either; we lost 3-4% yesterday I'm not much of a fan of the stocks though


Quote
i have the same question, and besides why did you trade all this pairs before news release?

News shmooze. I'm a technical trader, and I'm seeing SHORT. Why complicate this by adding NEWS
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