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F4's Journal

  • #261
  • Jan 17, 2009 1:11pm Jan 17, 2009 1:11pm
Quoting f4mnect
The fun is just about to begin. I have been only half ass trading, was content with 0-100 pips a week and was not very focused on trading. More building/setting up charts. It's time to refocus and Trade,
At the end I guess we all go back to simplicity, what is needed if we are scalping. I think you didn't miss a lot, market was very hard to trade with this sys. these days anyway, I guess slowly it will settle down and yes ''Fun is just to begin'' hopefully.

Thanks f4..to keeping this journal alive and for all contributing

Wish to all a very succesful next week.
  • #262
  • Jan 17, 2009 10:45pm Jan 17, 2009 10:45pm
For those who uses some of kino's indis heres an updated guide with his most popular indis tried my best to keep the details simple

Thanks kino for your hard work it's really appreciated

PS i will post the fx50 hybrid guide tomorrow, had a hard time with the hyperlinks not showing in PDF after conversion from word, seems microsoft and adobe are having problems between each other and we the consumers are paying the price grrrr !!!
Attached File(s)
File Type: pdf KinoGuides_v2.pdf   461 KB | 430 downloads
Don't forget Practice + Patience + Persistence = Profits
  • #263
  • Jan 18, 2009 3:41am Jan 18, 2009 3:41am
Hey F4...Good job on your system!

Yeah, it all gets old trying to find that single elusive filter.
And when we find it, we then just look for a better one.
Starting to see instead of just looking.
  • #264
  • Jan 18, 2009 9:08am Jan 18, 2009 9:08am
In the past I would sit down on Sunday and mark up all my charts with support/resistance. I would start on weekly, draw major S/R, drop down to Daily draw major S/R, drop down to 4hour draw major S/R. Then I would have my charts set for the coming week(did this for each currency I was going to be watching for the week). Not only did this get me more focused and in tune with my charts but was a Hugh help when I was trading the longer time frames. This is something I have got away from when I went back to the 1m and 5m charts. I'm pretty much trading whats in front of me and taking the trades as they come now. I don't know if this is a good thing, but when I'm scalping I have a different mind set and I'm pretty much jumping in and out of the market taking 10 to 30 pips a pop. I'm not looking to really catch a trend and hold a trade threw the trend. I'm more looking at catching a trend and taking advantage of it and getting 4 or 5 good trades with the trend but for less pips per trade, but those 4 or 5 trades add up and are pretty safe trades, when taking the bounces with the trend. Not very often will you hear me holding a trade for 50+ pips. It happens but it has to be a very nice move. If on a run like that I get up say 38 pips, it turned down a little, I'll take 30 pips almost every time and be happy as hell. With no issues if it starts climbing again and say moves a total of 60 pips. Plus I'll be looking for my next entry and you don't know how many times I've banked the 30 pips and waited a few minutes and got right back in the same move with another clean signal. There are times I will draw my channels on the 5m and 1m and be looking to hit that channel over and over, but it's support for my main indicators and my normal entries and more than likely I will be taking those trades any ways, with or with out the channels drawn. I won't blindly just hit a channel bounce unless the entry is supported. Thanks

Quoting stevexyg
Hi f4,

really enjoying this Journal even the latest changes to and back. It's only now that u know u have the best setup for you - how else were u to know?!

Agree completely on KIS - with an optional 'Stupid' at the end there for us allLove the yellow 10sma btw.

One thing not seen on your charts are manually drawn S/R lines? Is that right? Personally I've been going to h4 to mark the trend channels present and continuing down to 30min, and 5 and 1m altering for accuracy to the exact pip. So end up showing major channels on H4 and minor (day)...
  • #265
  • Jan 18, 2009 9:28am Jan 18, 2009 9:28am
Yes my trigger line is the black sma, but theirs more to it than that. Where is the trigger line, what is the trend cci saying. If trend cci Down and showing the trend is in the short direction and the 30 sma is negative too, I won't be taking longs with entry cci crosses of the black line to the up side, I'll be looking to take the entry cci crosses to the short side, But also whats the trend cci saying, is there divergence and it looks like the short trend is losing strength, That doesn't mean that if trend is losing strength I still won't take a few more crosses to the short side, just that I'll be more than happy to take a straight 10 to 15 pips a pop on those trades and not be holding them for any more. LOL also What is the stoch saying, is it showing divergence.....Divergence on the 1m is not enough to keep me out of a trade, but I'll be shortening my profit target and watching to see if the divergence is leading me into another direction with my trades. Also lol divergence and a few double bottoms(bounces off the same area of support/resistance) are going to get me looking for a double CCI cross to the other direction entry(both trend and entry CCI cross together) ohh and the 10 SMA. I will only open trades with a price open on the right side of the SMA in the direction of the trade. EXITS....I really don't have a set in stone exit just yet. What works as a good exit on 1 trade hurts on the next, weak market, trend losing strength...I'm scalping it, banking pips not holding it for 200 pips. Strong market, I'll lock in my 10 or 15 pips, and let trade run some, relocking in key profit targets that I like to take, blows threw 30 pips up + 40, I'll lock in my 30 and see what happens. Blows threw +50 and breaks say +60, I'll be locking in 50 and seeing where shes going next.


Quoting fxdave
Ive really enjoyed the company here ! i really like your set up ! the final one ! let me make sure Ive got it right though your trigger line is the black line correct ? also how are you reading your daily chart ? just to make sure im reading the right triggers ! id really like to trade with you some time bro ! kino also thanks for all the modifications you have done back an forth ! most importantly thanks for keeping control of the forum ! you have added to my trading immensely ! thanks respectfully fxdave
  • #266
  • Jan 18, 2009 9:56am Jan 18, 2009 9:56am
Here's a marked up chart, just open mt4 and this was what was before me. No idea how I traded this live or if I was even online when this was happening. just wanted to show you a chart with some examples.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jan. 18 07.51.jpg Size: 214 KB
  • #267
  • Jan 18, 2009 10:02am Jan 18, 2009 10:02am
OHH And that white line on chart...Daily Open Line. Let's scroll a little into the future and see what price does around it. this is over the next few hours, not a day later or later in the week. direct extension of the last chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Jan. 18 07.59.jpg Size: 30 KB
Click to Enlarge Name: ScreenHunter_02 Jan. 18 07.59.jpg Size: 29 KB
Attached Image
  • #268
  • Jan 18, 2009 12:33pm Jan 18, 2009 12:33pm
Thanks for introducing me to the daily open line a few months ago.

Opening price seems so obvious as a point for S or R, but it wasn't until I had it mapped on the chart that I realised how key it was.

Matt.
  • #269
  • Jan 18, 2009 1:01pm Jan 18, 2009 1:01pm
My pleasure, on longer time frames I use to only go long when price was above daily open and only short below daily open. But when scalping I make a note if it's above or below. but mainly use it for support/resistance


Quoting Pips Queak
Thanks for introducing me to the daily open line a few months ago.

Opening price seems so obvious as a point for S or R, but it wasn't until I had it mapped on the chart that I realised how key it was.

Matt.
  • #270
  • Jan 18, 2009 1:27pm Jan 18, 2009 1:27pm
Quoting f4mnect
I will only open trades with a price open on the right side of the SMA in the direction of the trade. EXITS....I really don't have a set in stone exit just yet. What works as a good exit on 1 trade hurts on the next, weak market, trend losing strength...I'm scalping it, banking pips not holding it for 200 pips. Strong market, I'll lock in my 10 or 15 pips, and let trade run some, relocking in key profit targets that I like to take, blows threw 30 pips up + 40, I'll lock in my 30 and see what happens. Blows threw +50 and breaks say +60, I'll be locking...
F4mnect that is really good info you posted here, i was following the rules but the SMA wasnt clear to me until you posted today...

Thanks

if you were a Woman i would send you flowers to show my appreciation hehe !!!
Don't forget Practice + Patience + Persistence = Profits
  • #271
  • Jan 18, 2009 1:37pm Jan 18, 2009 1:37pm
Any time, also thanks for all you have done.


Quoting maxzeus
F4mnect that is really good info you posted here, i was following the rules but the SMA wasnt clear to me until you posted today...

Thanks

if you were a Woman i would send you flowers to show my appreciation hehe !!!
  • #272
  • Jan 18, 2009 3:35pm Jan 18, 2009 3:35pm
thanks for a through reply ! i really like this above and beyond all the different changes ! and for the daily chart ? how do you read that? pips a comin this week bro !
  • #273
  • Jan 18, 2009 4:14pm Jan 18, 2009 4:14pm
were going to have to explore the daily together, In looking over my set up on different time frames. The 1m and 5m look great, then the daily looked amazing also. so I have a few Daily charts set up(GBP,EUR,E/J and CHF) and am currently not trading them, but just watching them and getting a feeling for them.

Quoting fxdave
thanks for a through reply ! i really like this above and beyond all the different changes ! and for the daily chart ? how do you read that? pips a comin this week bro !
  • #274
  • Jan 18, 2009 4:57pm Jan 18, 2009 4:57pm
Quoting f4mnect
In the past I would sit down on Sunday and mark up all my charts...pretty much trading whats in front of me and taking the trades as they come now.
Thanks f4 for a great reply. I agree historical s/r is def less relevant for quick minor-trend entries and day channels are more important to be aware of. Your point about making a good exit and looking for re-entry is a fine one. Lets say In move from 1500 to 1600 u place a buy at 1500. OK u make 100 pips. But in that 100 pip rally there may be 4 pull backs and there is a possibility u could make 150 pips on a 100 pip move by exiting and reentering on these pull backs. More work but can be safer in the long run too. It's like setting a 10pip rolling stop isn't it but with the option to maximise with a re-entries.

cheers, steve
  • #275
  • Jan 19, 2009 10:10pm Jan 19, 2009 10:10pm
Quoting f4mnect
Any time, also thanks for all you have done.
hey F4, im sure you would like this script, TRAILING LINES, its a SL/TP LINES, i edited them to make it go more separate from each other so i can move them, befoe it was always closing my trades a second after i took a trade lol !!! but they are really usefull when you dont use a SL/TP EA

just in case it goes in the script folder

ciao
Attached File(s)
File Type: mq4 TrailingLinesSL_TP.mq4   5 KB | 259 downloads
Don't forget Practice + Patience + Persistence = Profits
  • #276
  • Jan 19, 2009 10:18pm Jan 19, 2009 10:18pm
Many thanks, I all ready use a similar script now, but will download and try this 1 out.

Quoting maxzeus
hey F4, im sure you would like this script, TRAILING LINES, its a SL/TP LINES, i edited them to make it go more separate from each other so i can move them, befoe it was always closing my trades a second after i took a trade lol !!! but they are really usefull when you dont use a SL/TP EA

just in case it goes in the script folder

ciao
  • #277
  • Jan 19, 2009 10:21pm Jan 19, 2009 10:21pm
yup same 1, I just changed a few thing for how I like to trade and use it. but know it works about 85% of the time. but have had it not close trades more than once. So when I'm going to move a stop to break even, I set a hard stop.
Attached File(s)
File Type: mq4 TrailingLines1.mq4   5 KB | 247 downloads
  • #278
  • Jan 19, 2009 10:23pm Jan 19, 2009 10:23pm
Hello every body

I have been following this system since Canadian with some good results. But from two weeks ago I am filtering the trades with the Double CCI in 5min and taking signals and trades in 1min, and it looks to be working. I put some chars for explaining better.

This is in 5 min TF:

  1. I look for buy signals if both the 24 and 79 ccis are over (or touching in going up) the 30 sma line and 0 line, it does not matter which one get over first.
  2. I look for sell signal if both the 24 and 79 are under (or touching in going down) the 30 sma line and 0 line , it does not matter which one get down first.
  3. It finish when the 24 cci takes again the sma30.

Orange vertical lines are the trades in 1 min..

Hope it helps.
Sorry for my poor English.
Best regards

Attached Image(s) (click to enlarge)
Click to Enlarge Name: grafico 5 min filter.gif Size: 35 KB
Click to Enlarge Name: grafico 5 min filter 2.gif Size: 39 KB
Click to Enlarge Name: grafico 1 min filter 1.gif Size: 44 KB
Click to Enlarge Name: grafico 1 min filter 2.gif Size: 44 KB
  • #279
  • Jan 19, 2009 10:31pm Jan 19, 2009 10:31pm
yea I have seen this post and set up. I'm sure I could get a MTF(multi time frame) version of the double CCI with SMA line made. so that you can run a 5m Double CCI on the 1min. Looks good. I don't think I'm going to start trading it(just being honest), but I will look it over.
  • #280
  • Jan 20, 2009 1:08am Jan 20, 2009 1:08am
Quoting maxzeus
For those who uses some of kino's indis heres an updated guide with his most popular indis tried my best to keep the details simple

Thanks kino for your hard work it's really appreciated

had a hard time with the hyperlinks not showing in PDF after conversion from word, seems microsoft and adobe are having problems between each other and we the consumers are paying the price grrrr !!!
here i updated and fixed the errors

ciao
Attached File(s)
File Type: pdf KinoGuides_v2a.pdf   463 KB | 490 downloads
Don't forget Practice + Patience + Persistence = Profits
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