F4's Journal

Hi carlito,

excellent job.

Is it possible for you to please post your indicators and template. Thanks.

hbs : i can not post he template and indicators they are not metatrader , i use cms as a broker , anyway this workspace is a s simple a s possible :

a 150 ema of close
a 34 ema of high
a 34 ema of low
a 89 cci (gree histogram) and a cci 21 (whiteline) in the same frame
heikin ashi candle 1 minute.

stoploss between 10 and 20 pips (depending on charts, volatility...)
take profit between 10 and 40 pips (depending on charts volatility hour of the day....)

u can use the same settings if you trade the 5 minutes, the stoploss will be bigger of course.

for the moment for me this strategy is not really profitable it is breakeven since 1 month but i prefer working hard on improving a breakeven strategy than working hard on loosing strategies like i did before lol.
i think some people on this forum make money with this strategy, but the rember that : profits comes 80% from the trader's talent, it will not really come from the method they use...
good trades to every one.

very nicely stated carlito. great job and i'm trying to get back to trading between the new girlfriend and my commitment to the long beach grand prix I had to take a month off. I'm back but after sleeping like a normal person for a month these hours are hard to get back into.

thanks for your answer carlito, although i was not asking for your policy when losses appear, just a simple chart showing the entire day so we can see what you just wrote, that the system works for you 50% of the times, as you said same strategy can work better for other traders and the idea is to make it profitable not breakeven; let me show you one example.

As you can see today in live results :
1.- First long trade, target pivot, so +24 pips
2.-Again long trade, after breaking pivot so again next pivot r1 line target +17 pips.
3.-Short it reversed and -8 pips
4.-Another short, again target pivot +16 pips
5.-Another short, break after Ts open again, target pivot right now i have it open+13 so lets see how it finishes.

But if it breaks pivot and keeps down i´ll be with it.
So then result for today +63, this same strategy has given me this difficult month of april between holidays and influenza in my country a lot more than 50% effectiveness. The idea of trading is doing it live and a breakeven strategy would not work for my investment company to work everyday i agree with you same strategies for different traders work different, this is a perfect example. I like a lot this system.

i totally agree that a breakeven strategy is not satisfying lol , i just said that for the moment that is my level, and i hope i will get to the next level : being profitable of course.

we must notice that pivot exit are really plesant to trade , especially today, i din't trade today, i get back to trading 11 of may, i take some holidays in paris.
good trades to all of you.

Good morning everybody,

Today has been a nice day, it started slow but then turned nice, i had several short trades:
1.- +5
2.- -5
3.- +15
4.- +25
5.- +7

so total for today 54 pips. I will be trading everyday for two reasons, first the system is very good so why stop and the second is that influenza is in my country (mexico) so even though i can go out freely with the sanitary measures because this seems to settle already i prefer to stay at home with my favourite activity, trading, lol.

Blanca
I see no need for you posting your charts if you are hiding your setting on your indicators.
Barry

another last trade, +50 pips

i am not hiding indicators, sorry if they appear like that, i use it to send it to clients so try to make it just with indicators but i am using the same template and indicators and settings from fx-50 thread i write the settings here in case any doubt:

stoch histogram 8, 3, 3
fx prime v2 final je (default)
trend cci 89, 21 with a sma 30
t3 rsi (default)

you add to this the ribbons from the thread and that is all, in fact several templates are available there, even nicer than mine.

So far 2 trades,

+6 and +12, second one target pivot, it might give more but well i decided to set a limit there,enjoy your day

congratulation for your trades blanca!

1) i noticed your losing trades were very small (inferior to 10 pips, does it mean you use only tight stoplosses?

2) i also noticed your winning exits were sometimes on pivot target and sometimes on moving average crossover how do you chose which of these two type of exit must you use?or are you completely discretionary?

thank you in advance for your explanation, it seems you are doing well wit this system!
good trades to all of you.

Here is second part of the day, still we have ny but i did two more trades the first one carlito you can see it is a long between the ribbons so target is exclusively at the top of the ribbon, not more, it works like a wall but good space for 10 pips.


The second, another long, i thought would go up away from ribbons but changed his mind and returned, exit at -3 this time determined bythe moving average and ribbons, when a trade from the beginning reverses then dont wait anymore, close it once confirms it is wrong.


In the previous trade from this two last ones i took, decided to take pivot it was a good decision but sometimes or many times it breaks it so then i regret but well, the best to do is to observe its behaviour around those levels, if it jumps or breaks, sometimes it breaks hard so you keep, sometimes it jumps so you try to close it better.

Hi,

this is the last two trades in the day,

again two longs, yesterday we had only shorts so today longs,

first again thought would go away up to Ts pivot but returned ended in zero as it could go up a little.

second one target is at Y high pivot, so still in the way, i kept it through first Ts pivot because it broke it it almost reached the target and went down, this thing makes us suffer, well lets see how it goes. bye for today enjoy trading.

result.-+47 pips ( if reaches my +25 pip target) in the last one.

here is the last one the first short, target is pivot again, but in this case we see 2 pivots near so i will keep alert to see if it breaks or bounces, it if breaks i´ll keep if it bounces i´ll try to make a nice exit. so far it is +10

so total for today is +57, the previous trade hit target. bye guys enjoy your day, i´ll go out shinny nice day here.

hi,

here are the trades so far today, it is kind of slow session but anyway we have to work.

1.- +10
2.- -5
3.- I did not take this one live, although target is clear in pivot it was in the middle of ribbons.
4.- This long i am in right now still open so far +8 i´ll keep in eye if it breaks this level.

Result for today +13 pips.

hi,

here is the start of the day, two shorts

1.- +18
2.- +5 so far

hi,

here are the rest of the trades:

1.- -6
2.- +22
3.- +4
4.- +40 (target hit Y pivot high) it might go further up but i am ok there.

Do you remember the previous trade that was +5?, it reversed and turned -5 so total for the day:

+66 pips profit, the last trade made my day and i am off for breakfast, it is 7 am here, very sunny , everything is open already because flu is already controlled, so lets hit the road, lol.

it was a nice trading day, bye.

hi, good morning

here are trades so far today, friday london i usually like to trade only london on fridays because ny could be tricky, sometimes and some fridays so result is:

+4
+13

I usually do not trade ny on fridays, its tricky with news, let me show you:

First a short trade appears, but it is in the middle of ribbons, and too near from open pivot level, so no worth the risk, any way it worked. I did not take it.

But then a second one appears, a long, safe trade outside ribbons, and i still have some time before news, so what i do is this:

I take it, hold it during news with a 20 pips sl, of course taking care it do not reverses and my target was in Y high, maybe too near considering it went further up but good for +40 pips.

I should have waited for news and then later take it, i think it is even safer, but if you see carefully indicators always were long, even during news and the most i was loosing was -7 so i took the chance, it worked but maybe safer to wait.

total for the day.- + 57 pips


btw, the kind of move we saw during news today is called bear or bull trap, when during news market moves in opposite direction for a few moments but at the end makes an explosive move in the same direction, usually banks do this to take stoplosses near, it is an old trick of big banks, very common in strong news, so if you are in a trade and suddenly big news appear, sometimes it better to close with small profit than tasting a bull/bear trap. Enjoy your weekend, and thanks to those who wrote me asking for my health and my family, flu in mexico is already controlled, and normal life is back , authorities have taken quick and firm measures so they worked fast, we all feel safe i am sure the rest of the countries will control it too. See u on monday and enjoy this beautiful and sunny weekend, bye.

hi,

i know these are not the usual trading hours, but i saw these opportunities that are so clear and could not resist the temptation, usually not good hours for trading but it is the end of friday session so i took these ones.

+42 pips ( target pivot)
+20 pips (target pivot too)
+22 pips ( this time pivot was too near and broke it fast to took the normal exit with ribbons)

hi , i' m back form holidays and i trade again, two losing trades this morning, tried to give room to the trades but market shook me out two times, beurkh! sometimes trading is like that! when u use tight stop you get killed then the market goes inyour direction without you, when you use bigger stops markets range still kills you.....it seems there is no perfect solution!
good trades to everyone!