F4's Journal

And, it turned well, giving more than i thought, well day is over, see u tommorrow.

here a practice one, watch how this one signaled entry exactly at the same level the previous one, in this case target is last low, we are out of trading hours.

good morning,

today let me show you , first trade short, it reversed -7,
second signal it appeared just in pivot, did not take it.
Third signal breaks pivot and little space appears so i am in, so far +5

was not supposed to trade this morning but i found some time finally, made a little scalp trade (live trade) +10 pips, i try to do it simple : stop loss 10 pips target 10 pips and let it go ! i have been lucky, i have avoided a short losing trade because i was busy and couldn't stay in front of my screen.... sometimes not trading is fine lol!
here is the chart :

same trade as carlito

hi,

here last two signals

1.- signal at pivot, did not take it.
2.- short here for 9 pips, target pivot.

so far today +13 pips, ugly day eh.

this is last of the day, a long signal target could be first pivot which broke fast, so then the next one, good for 8 pips or 6 pips, today market is not giving much.

first live trade of the day , classic set up : 34 chanel gets under 150 ema,cci 89 is under 0, prices pullback up to 34 chanel then cci 21 then cci 21 crosses down zero line , short and exit to pivot with 17 pips,here is the chart :

here trades from eurusd and audusd,

1.- +6
2.- -7
3.- +6


audusd

1.- +10

again small trades and choppy moves.

10 pips.

and another short, target last low, lets see if breaks, so far +8

here is a demo trade i did on the 5 minutes time frame +37 pips exit on pivot S1 (of course on demo everything is easy lol !)

here the rest, we had some small shorts again

+8 again at last low, could not reach pivot level
a short that did not develope, turned into -2
signal exactly at pivot did not take it
signal exactly at pivot did not take it
signal taken after break of pivot +16

so far for today


eurusd +36
audusd +10

Blanca, can you explain how you keep your losses so small?

When do you close the trade, as soon as it goes against you?

I see many trades that have good entries, but then retrace to say -8, then continue into + pips.

Thanks
Matt

sure,

i post this chart in which i explain for example the loss i had today, entry short at 1.3558 and i get a 4 pips profit, then look how candles go above ribbons and moving averages, closing there, its confirmation stoch turns green and here i decided to close at -2, all this usually happens almost inmediately after you place the trade, bad ones tells u from the beginning.

In this case the rest of indicators also signaled a change and this happens all at the same time, it sometimes has losses between 8 to 10 pips in this case i had for some moments profit so that makes the loss smaller, than if reversed inmediately.

Also depends on fast fingers, experience maybe, because 1 min chart is fast but with practice you can make it easy.

Now see these two last longs, entry at 1.3559 it still has some space to get +10 pips

second one is even more comfortable entry at 1.3586 for 9 pips target pivot and ribbon, here dont play the hero, usually two resistances are strong enough so dont try to get more than market gives.

in the example of the loss, look how candles once above ribbons start touching one resistance, another ribbon, there if indicators say to hold, then usually market touches resistance just to say goodbye and then goes down again, as it did, but indicators did not say to hold it, so then close, but lets say you are in a loosing one, and you see it hits a resistance that cannot break, you can still hold it to see if you can get at least breakeven, i would not recommend to wait for profit, but sometimes you can even get away with a little trick. Not always but sometimes works.

in fact when i look at blanca charts i can see that he gets in the trade most often when cci 21 gets over + - 100 then if cci goes back to 0 or very close to 0 he gets out am I right?
i don't kow the parameters of the moving averages of the "smaller" ribbon (the green one that is close to the prices) but this ribbon seems usefull to warn you if prices are goind in the bad direction....

yes carlito, you are correct, that is why your trades and mines are so similar, the smaller ribbon is a 5min one, i took template from jazz and JE they have amazing ribbons, i think the credit should be all to them, traders like them and f4 and many others are really big traders, now look at this gbpjpy which i did not take anything, i could if i had 4 eyes and 4 hands , maybe 2 brains, lol

i don't understand how these ribbons are made,
do they represent moving averages crossover ?
if so, what are the parameters of these moving averages (i don't use mt4 for trading so i got to do it with my broker platform cms.....) thank you blanca in advance for your explanation......

hello , can you share the very bottom indicator on your chart and explain
how you use it ?
thanks
kino