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Four Kids Journal

  • #61
  • Mar 9, 2009 12:44am Mar 9, 2009 12:44am
GCHF pending short at 1.6215 Stop 1.6550 TP1 1.6115 TP2 1.5915
  • #62
  • Mar 9, 2009 3:21am Mar 9, 2009 3:21am
GCHF cancelled pending order TP1, and entered now at 1.6281, off 4hr OB.

Same stop and target. TP2 left pending.
Attached Image (click to enlarge)
Click to Enlarge Name: gchf 4hr.gif Size: 12 KB
  • #63
  • Mar 9, 2009 4:21am Mar 9, 2009 4:21am
GCHF just closed TP1at 1.6195....+86
  • #64
  • Mar 9, 2009 4:28am Mar 9, 2009 4:28am
AU chart's
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: au daily 1.gif Size: 12 KB
  • #65
  • Edited 6:07am Mar 9, 2009 5:52am | Edited 6:07am
GCHF closed TP2 at 1.6119...+96

AN still open from last week,Stop moved to 1.2850
  • #66
  • Mar 9, 2009 6:13am Mar 9, 2009 6:13am
Hi 4kids,
have just posted a link to your aussie charts on my aussie thread, hope thats ok with you, the thing is we would be looking for exactly the same thing for an entry. Thanks! Raz
Never say never.
  • #67
  • Mar 9, 2009 6:25am Mar 9, 2009 6:25am
Thats fine Raz.

Closed AN at 1.2769...-29
  • #68
  • Mar 9, 2009 6:35am Mar 9, 2009 6:35am
uchf
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  • #69
  • Mar 10, 2009 12:20am Mar 10, 2009 12:20am
GJ Pending 136.0 Stop 138.0 TP1 134.o
Attached Image(s) (click to enlarge)
Click to Enlarge Name: g j.gif Size: 11 KB
Click to Enlarge Name: gj 1hr.gif Size: 10 KB
  • #70
  • Mar 10, 2009 2:55am Mar 10, 2009 2:55am
GJ opened another short at 136.34 same stop target open
  • #71
  • Mar 10, 2009 3:36am Mar 10, 2009 3:36am
Hey 4kids,
So is that setup in the second chart showing a BPC, then you enter on a break of the low of the bar? Also, what do you use to calculate your targets, I have always used fib expansions, but are you targeting the next s/r levels, or what do you use? Thanks, Raz
Never say never.
  • #72
  • Mar 10, 2009 4:04am Mar 10, 2009 4:04am
On the 1hr I was just looking for an early entry,so I entered on the break of that OB. Not a BPC. On the daily there is the breakout, pullback, and I used the 1hr for early entry on the continuation part.

Targets are a combination of s/r and ATR. No set formula or any thing, just what ever I am comfortable with.
  • #73
  • Mar 10, 2009 4:32am Mar 10, 2009 4:32am
Quoting Four Kids
On the 1hr I was just looking for an early entry,so I entered on the break of that OB. Not a BPC. On the daily there is the breakout, pullback, and I used the 1hr for early entry on the continuation part.

Targets are a combination of s/r and ATR. No set formula or any thing, just what ever I am comfortable with.
Thanks! I would like to see this break the double bottom on the hourly/4hourly, then I would be tempted to sell as well. Looking good, Raz
Never say never.
  • #74
  • Mar 10, 2009 4:53am Mar 10, 2009 4:53am
My original plan was to enter at 135.7 which is 18 pips below yesterdays daily candle, but even if I had of stuck to that plan I would be in the trade by now. Todays low on my feed 135.56.

The target is the first little bit of resistance.It is also 42 pips less than ATR 5.
  • #75
  • Mar 10, 2009 5:06am Mar 10, 2009 5:06am
GJ
Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 147 KB
  • #76
  • Mar 10, 2009 6:20am Mar 10, 2009 6:20am
GJ target moved from 134.00 to 134.20, other target still open. Off to bed now.
  • #77
  • Mar 10, 2009 12:15pm Mar 10, 2009 12:15pm
GJ closed the trade with the open target at 135.81 . . .+53

other GJ trade, stop moved to 137.5
  • #78
  • Mar 10, 2009 12:46pm Mar 10, 2009 12:46pm
hi four kids:
I am a new neighbour and pass-by to say hi.

interesting, you're using position size : acc size =3:1 am I right? how do you decide what position size to use?

do you use just chart or fundamentals to judge where a pair goes after several days?

Quoting Four Kids
Jan wk4........................+199-------------------Total trades 24, 16 wins 8 losses.............66.6%....................... Jan.....................+199. . . . . Acc balance at start of journal. . . .$500
Feb wk1........................+327------------------ Average trades per week........................4.0 ........................... Feb.....................+667 . . . . Acc balance now, updated weekly . $629
Feb wk2........................+222------------------ Average pips per week...........................+207
Feb wk3........................+335------------------...
  • #79
  • Mar 10, 2009 11:24pm Mar 10, 2009 11:24pm
I just closed GJ at 135.27.............+73

Billye, get back to you shortly, just got home from work
  • #80
  • Mar 11, 2009 12:54am Mar 11, 2009 12:54am
Hi Billye. At the moment ( and bear in mind that my trading is still evolving), I use the charts for everything. I would not have a clue what is happening on the fundamental side of things. If I get a PA set up that I am happy with I take it.

I don't think any of my trades have been open for several days,but in the future some will be and only the charts will be used.

I don't quite understand the other question, but the following will show you my thoughts at the moment.

I know my RR and MM are not what a lot of people here think is right, BUT why rely on some formula that says you can have more losing trades than winning trades and still make money,sounds good and obviously works for a lot of people, but very negative.I just aim to have more winning trades than losing trades. Much more positive.As I said I am evolving as a trader,and may have to reassess my thoughts and ideas in the future.
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