Tiki Trader Trades

OHHHHHHH Rats.... stopped out by a few pips...

I put a stop this time... I should not have.... I was stopped out by a few pips and then of coarse price went my direction......

Lost 3% of account... now I am back to where I started from a few days ago....

I should actuall have made the trade after red candles started.... but it was late.... HEY, I have to sleep sometime you know... so I put a stop instead..... which is not really part of TT5.....

This time I paid....

I still expect a trade opportunity to come soon on JPY.... price coming close to a PPZ now..... still outside Bollinger Bands..... weekly show price maybe heading for top of Bollinger Bands....

Watch for coming trade.....

Trade idea for today

TT5 Short to 5 ema

Price hitting top of flag........

Welcome back Tiki Trader

Thank YOU !!

OK.. trade idea from last night on USD/CAD TT5 short would have gotten 50 pips.... which is what I usually am going for to pick up 1% of account.... too bad I don't much trade CAD... I am afraid of it... always get burned on CAD... price still pushing the upper side of zone/wedge

OK.... look back a bit... I am still short on EUR/USD... for divergence trade.... as Mr Trend would say... price has been scalloping down.... its at the PPZ and if if breaks through... maybe we could get a break out down.... my target still 1.2200.. the 200 ema on monthly charts

TT5 Short at 1.4261 target 50 pips to 1.4211

Good to see you posting again Tiki. How's the family? Hope you are doing ok to buddy! Here is my take on the trade you just took. I have been studying price action very religiously over the past six months and am a full blown convert as my account has never looked better. Looks like your trade is in the money right now. I am looking at the 1 hr EU chart and see that price has bounced right off the area that we would expect to see it bounce from by taking in to account the bar high indicated at the left. The way I manage these trades is to take 1/2 profit here and move the SL to be. My entry would have been right at the break of that inside bar as well. I'm just sharing my thoughts with you, not trying to teach or convert you to anything bro! I think that the TT5 system used with PA could be a great way to trade!

K.I.S.S.

Yes I will agree that TT5 is great with PA... and dont think I dont use it that way...

But I always FELT something with TT5... It works for me..... and I still cannot bring myself to look at hourly charts....

In this case I took the trade because....

Price bouncing off the top bollinger band...
Price far away from the 5 ema after 2 up days...
And because my target is also right nefore the 38 fib -line where there is a high possibily price will hit....

Good to see you again too... !!!

TT5 short EUR/USD target hit


+ 50 pips.... 1% of account added

Short GBP/JPY 159.19

Target 50 pips to 158.69

OH...... I neglected to say....
end of last Friday I placed 3 short orders for 50 pips target each on GBP/JPY

All 3 now closed.... 150 pips for me

Pretty Nifty.....

thats +200 pips for me.... and only leaves my TT5 trade from Friday morning still running.... I will keep it a while

ohhhhhhh nice surprise... I thought maybe I was going to have to dump this trade..... but it hits target anyway...

TT5 GBP/JPY short from post 1232 hit target for 50 more pips

Thats 250 + pips total for me now since starting again....

Long for 50 pips towards the 5 ema.... @ 157.91 .. Target 158.41

Ya... sorry the chart has the wrong price written.... but what a hassel to go back and fix it...

OHHHH I so love it when I can go to bed on time...

Target hit 158.41

+50 more pips.... that's 300 now... and 1% more added to my account

Ohhhhh.... I see a TT5 LONG coming up.... !!! Question is..... will I be at home when its time to take the trade...??? Price has gapped away from the 5 ema...... !!! It will be time soon.....

I have to go out..... ohhh...

TT5

Trade towards the 5 ema GBP/JPY Long @ 154.81

Target 50 pips for 1% of account @ 155.31

Ok.... GBP/JPY Long hits target @ 155.31

+50 more pips to 350.... 1% more added to account.... account now up 6%

Hey Tiki,

You don't use set stop losses so what happens when a trade goes against you? How do you decide to get out with the TT5 method? What is the largest loss you have had?