F4's Journal

blanca what kind of criteria do you use for your exit : prices, oscilators?

the yellow line of cci and also use the moving averages

that means maybe you use the cross of 0 line by cci 21 as an exit method for example and what kind of moving averages do you use and how do you use them?
it seems that this method needs a clear exit strategy.
thank you in advance for your help blanca.

hi carlito ;
i like this kind of screen with the channel (idea from Raghee Horner isn't it)
i see you write english much better then me (i'm also from France / Paris)
i also use this kind of screen with cciWoodies

bye
Kino

hi kino il live in france in the south, in narbonne may be you know it, between montpelier and perpignan near the spanish border, i often travel to paris and i'll be there between the 1 and 6 of may don't hesitate to contact me.
the 34 ema channel comes from raghee you are right, i like to see the prices bouncing on it.
i am working hard on my exit strategy, for the moment i haven't found what i need but i think an exit strategy on a pivot or round number that give a profit superior or equal to the inital risk would already be a good beginning.
i also decided to to take only the first pullback i see on any given trend , it will help me to reduce the overtrading.
i thiink trading between 8h and 16 h (french hour) would be ok, the period between 8 and 10 is my favorite.
good trades to all of you.

here is a long trade i made this morning +27 pips , classic set up my target was the pivot point R1 .
good trade trades to all of you.

Carlito, Im using something pretty similar to F4's setup, and I like it a lot.

Looking at your charts, I don't understand how you get the channel. It always seems to be about 5 pips apart. Are you shifting one of the MA's?

If I set 2x 34 ema's one to open the other to close, there is hardly any channel.

Thanks Matt

the chanel i use is made with an 34 exponential moving average of highs and a 34 exponential moving average of lows.

OK, so its me being thick. Sorry about that.

I've only used EMA's set to Open/Close - not High/Low.

Thanks.

Sorry to be so dense. But when someone says they made or lost so many pips, is that before or after the pip spread?

CT
Most people post their pip tally net of the spread so when Carlito says +27 that will usually be what landed in his account. The move he made on the charts was actually +29 assuming 2pip eurusd spread.
Andy

exactly , the number of pips is always calculated this way, you make 29 pips and less 2pips of spread it gives you 27 pips....

i'm back, been about 2 1/2 weeks doing long beach grand prix stuff. great weekend and race this year. It's over, I'm glad. Now back to work. I hope everybody has been doing well

Welcome back

Good to hear from you again.
Welcome back

WB ! hope you had fun

good morning, here is a short trade i made this morning, classic bounce on the 34 chanel, exit on a pivot point : S1 with a 27 profit.
good trade to every one

quick scalp on the long side : +10 pips classic set up : 34 chanel above 150 ema, bounce on the chanel , took just 10 pips because i am not very bullish this morning. here is the chart .
good trades to every one.

so nice to see good trades carlito, could you please post the whole trades in a day? so we can see the whole story, and analize the bad trades too, not for being negative but for being professional, someone said that the difference between a newbie and a professional is that the first will ask, how much profit does a system make, and the professional would ask how much loss does it make, that way we can get a clear view of the whole scenario, thanks a lot.

like any method this systemwill work 50% of times on a large number of trades, the money you make is the difference between average winner and average looser, for the moment not really profitable for me, for example 3 losing trades today, they exactly look like the winner, excepting they are loosers !
anyway you must not believe the people who say they have a 80% acuracy with a risk reward superior to 1, if any of these guys was able to do that , all that he has to do is borrrow 10 000 $ at the bank and turn them into millions in a year.
The point that i must improve is making more money on easy days, for the loosing days i already have a rule : 3 losing trades an d i stop because in case of trading range on 1 minute time frame it easy to have more than 3 losing trade in a row and after this kind of day getting back your pips will be so long ........
i noticed another thing i make better results when i don't touch my stop loss and my target once i am in a trade. if i reduce my risk (with a trailing stop) like this morning i am kicked out before prices go again in "my" direction" , for example if i have a stop of 20 pips and a target of 40 pips i must consider the trade like a bet and i must let the trade meet his destiny.....
the stop and target you choose before the entry are much better than what you will do when caught by the excitement of crazy price moves every seconds.....