Inside Bob's bottle

The yen went well today!

1st circle I was a bit unsure about, but price had moved out of the EMAs and back down to the 12/24 area, I set the stop entry order just above the inverted hammer as if this was some how going to make the trade 'prove' that it was valid. As price got closer to the 99.00 area I moved the stop to breakeven, at the end of it all +25 pips .

2nd circle was a bit more of an easy cornflower setup, very happy with how it worked out +25 again .

Both trades used a 15 pip stop so that seems to still be working ok


Happy trading

Bob

My 1st trade today was on the Eur, I feel I was far to 'trade happy' at first glance the numbers line up but... see how the 8 and 12 EMA's are almost crossed back over and are both pointed the wrong way to the trend I am trying to be part of. I find myself relearning all of the little traps I fell into when getting the hang of this system on longer time frames, This is no way a cop out I am making mistakes... but I am having fun at this faster pace.... it's a bit easier when you have a number of hours to work out, Do I take the trade or not?


The 2nd trade I took today was on the Yen, trades that look like that I will take any day of the week. Nice hammer and good clean running trend ... but today was not to be -15 pips.

Hello!

Got to the charts a bit later today but my one and only trade was a good on the EUR, after the market took me in it went a bit sideways, after that came good for +25

happy trading

Bob

Hello

Boy having the last few days off was good!

The 1st circle shows a 24 bounce, a good trade was up by 23 pips, once a trade hits + 20 I move my stop to breakeven.

The 2nd circle (12 ema bounce) went down while I was still in the 1st trade but after I had moved the stop so I got into that one too!
This way of trading is more like what I do on longer timeframes, jumping on a trend and trying to build as I go, Still not being greedy and leave profit targets as they are (plan the trade, trade the plan).

Once the candle closed that failed to bust the last swing low(1st blue arrow) I moved my stop to breakeven on the 2nd trade too. That candle want on to created a double bottom (2nd blue arrow) and well the trades were doomed .

Being a brave (or stupid) man I took a 3rd trade, The candle looked the goods with a clean 24 bounce but I should have cut my day short after the 1st 2 trades... thats the way she go's

2 breaking even and 1 -15 for the day

I left this recap of my trades from yesterday because when I went to bed I still had a trade running.

The first trade I took was on the NZD, looked fine with a nice inverted hammer so then I jumped in and she just turned around and stopped me out. -15 pips

The 2nd was on the EUR, Now part of me having a crack at this whole 5 min thing is because in the past I have not had the self control needed, there have few times so far since starting this thread were I have let myself down by not going with my rules 100%, in this trade I did not let the candle close before entering.
This matters because if I had waited 5 candles later (blue arrow) would have got me in at a better price, not stopped out and hit the profit target! -15pips

The 3rd and last trade was on the Jpy, entered off a nice hammer and watched as price kept belting its head on 99.15 making me think I should bail from the trade... but on the 3rd crack up she went after getting some nice double hammer action (blue arrows) +30

Back in a few hours.

Well there have been some good trades already in the last few hours ... but I have not taken any pips as yet!

The 1st trade I took was on the EUR, a really good looking hammer the trade went to +6 pips and then soon after took out my 10 pip stop, I had such a tight stop because my profit target on this one was only 10 pips.

The 2nd EUR trade look a bit more scary in that it was a 24 bounce but the candle was quite big, the good part was I use a stop entry order so that let me place my entry just below the last swing low, after moving to +10 I moved the stop to breakeven hehe and don't ya know it I got stopped out for 0, Im not dirty because the trade still has not hit what would have been my profit so it's all good.

The 3rd trade was on the AUD and was 12 bounce with a bit of a wick at the top, the 2nd candle after the bounce was a hammer that looked at the time like it might end up being a double bottom so I cut and run at breakeven, but had I hung around it would have found profit

Took a good one on the AUD was a 12 bounce and maybe a little hammer (calling it a hammer is a bit much) but took +20 on that one

The last trade was on the EUR and really while it was a vaild bounce the candle set up could have been better, also this the sort of time that I think moving the stop to B.E. is a help, -10, but all said and done it would have been a better day if I had a little more 5min time under my belt.

Today my first trade was on the Jpy, looked to be in a pretty good downtrend and price broke the limits of the bounce candle but only went up by 6 or so pips before stopping me out for -10

2nd was a 12 bounce on the AUD, being the 1st trade in a new trend always makes me a bit more but came good for +12 using a 10 pip stop

3rd was again the OZ this time a 24 bounce, the candle was such a stong bear I thought no way is it coming back up... still trading what I saw I put an entry order 2 pips above and up she went for +15 pips using a 12 pip stop. I think this last trade might have been pushed up more by the Euro news out around that time.


Probs with pics tonight so will have a crack again tom.

I had to cut back the time I was spending on the 5 min charts for a while... overtrading was killing me

But never fear the pips have been flowing here are 2 trades I took today on the the Oz and then the Kiwi, both +30

Hello

This week saw me take 3 trades, The 1st one I don't have a chart to show you but I took it tues night my time, it was a 24 EMA bounce on a 5 min AUD chart, I bailed out for -2 pips because tweezers tops formed, turned out to be a good move (saved a few pips there)

2nd and 3rd were both on Thursday night 30min charts, 24 EMA bounce on the AUD went well (nice hammer) and got a clean 40 pips there

Another great hammer formed on the NZD bouncing on the 12 EMA and giving a nice 30 pip profit.

Hope it was a good week for you too!

Bob

Good bounce on the 24 (30min chart) and used a hammer on the 15 min to get a better entry, trades like this work well and feel good before you enter them.
+30 Pips

Well today was not as good yesterday... took the same bad trade twice, I got in off a hammer on the 15 min chart but was stopped out, price retested the 24 EMA and gave a new entry signal... but it was not to be , thats trading! -40 pips for the day

Have not been trading much the last few weeks but just loaded the charts before going to bed and this trade was to pretty to pass up! took trade when it broke the top of hammer, +30 pips

Hey

Just want to post a chart of two 5 min trades I took today, as far as I know nobody is trading this way so i'll just post them here!

The trix is something I got from the C4 thread... man they have indys to burn over there.... but a very focused group of people.

The 1st trade is the cross of the trix and as we can see the Cornflowers are all stacked up nice +20 pips.

2nd trade is not as nice, The trix crossed to agree with the EMA's again but as can be seen the 8 has almost crossed the 12, not such a great trade to take closed when the trix crossed back for -7.

Don't know if this stuff is any good... was just mucking around and saw a chance, Looking back through charts it wont give many signals that will put you in trades during the euro open but maybe thats a good thing... keep the over trading monster away!

Hi Bob, after reading Lever70's Cornflower thread in full and spending a week watching and re reading, I put on a trade using original rules, and hey it worked , (hoping its not beginners luck)...........I followed you to this tread as I thought your posts there seemed the most logical and successful to me, pity Lever70 and all the other good CF followers (piphunter, clansman, bogus, Iceman etc have gone, do you know if they have dropped the CF or just too busy making pips?

I must compliment you on your bottle, its very spacious and comfy in here

Rw

Ladies and Gents

Here is something I started doing on Monday MAs are simple 4,16,60 all need to be staked right and HA candles need to change colour in direction of MAs. I also do normal trendlines and S/R and such so dont just trade this blind. May provide a good 5 min entry for 1 hour Cornflower trades

GBP got me 12 pips and EUR/JPY took away 9 pips.

Just had this set up on cable to I took it, +12 pips thats me for the day!

Just took this one on the Cable for 12 pips, had to wait for the right candle to enter, not sure if I will get anymore trading in today... Have to take my better half out to dinner.

OK well should have packed up for the day... got burnt -20 pips

Hello!

1st trade today was on the Pound 20 min before Euro open, HA candle turned green then white again and all the MA's were stacked in the right direction,+12 pips

2nd trade was on the Eur/Jpy 5min after Euro open, aame deal with the HA's and MA's but then the candles changed colour back so I cut and ran +1 pip, had I held the trade it would have hit +12! overall +13 for the day