Tiki Trader Trades

No I dont use stops.... OHHH I know no one likes to hear that..... and not so long ago... I would never say such a thing..... I will get out at about 4 or 5 % loss.... though it is discretionary..... maybe I see some reason to stay in... generally the Idea of TT5 is that the trade wll win within one daily candle or maybe two... though by then I will be getting very nervous.... I think its better to just always win the trades....

And as EVERYONE who knows me here.... I am not very good about getting out...... I dont want to say how was the most I lost...... because of not getting out.... Ohhhhh.....

After so very long time... some years..... I made my own systems.... they were not bad.... BUT only with TT5... for me.... I feel something.... when I learn to get out when I am supposed to.... I will become a real trader...

I dont use the stops also because it would in most cases be very hard for price to move so far in the time it takes me to sleep or go out and do something.... I think there is time to come back and have a look....

I know I know..... STOPS............ I will continue like this for a while..... at some point maybe I will be specific about where I want to put stops....

Sorry guys.......

Trade towards the 5 ema LONG @ 151.91

Target 50 pips @ 152.41

Long @ 151.91 hits target at 152.41 for 50 pips.... 1% added to account

+ 400 pips and account up 7%

Hey Tiki.... Good to see you back in the saddle.
I must say though I still can't understand why you trade without SLs and that all your trades are against the trend.
But hey... it seems to be working for you so hang in there.

I always failed at trading with the trend... I am so very aware of that... so I had to invent a way to trade against the trend.....

It works for me.... and.... I dont see so much trend going on these days on a dialy basis....

Your definitely right about the lack of trend....... what a mess.
Anyway keep up the good work.

No trend and these days not many big candles or price far away from the 5 ema.... I am going to start looking at TT5 on 4 hour or one hour basis..... trades for less pips target.... but more trades to take maybe...

I have to think about it a bit first...

But I need some more pips...

Hi Tiki,
I see you are still doing the TT5 without stops. Good luck to you, I think you will need it when 'normal markets' resume and the trends go for longer than 8 hrs. If we get back to 3 to 5 day uninterrupted trends you will need a SL (at least a 'disaster SL') or else you are likely to blow your account.

You know I am right, so no excuses - just Do It!

Ian

Yes I agree... I am thinking about it.... where should I put my stops..???? 10% ?? 20%..... 30.......

How about the high or low depending on your trade of the previous candle for your SL.........

NO.... !!! There will be too many lsoing trades then.... I think I am willing to let it go to 5 % of my account... that is the number I always have in mind.... high or low of candle just isn't enough room to me...

Too many times price goes the other way... against me... sometimes just because thats the way it goes... and other times because I just make a stupid trade... the last trade is a good example of that... not enough reason to take it... but I did... price went quite a ways againist me.... but still comes back..... we have to have margin for luck to make up for my stupidity

TT5 SHORT @ 1.4484.... Target 50 pips @ 1.4434

NICE EXTRA long candle..... good for trading towards the 5 ema....... !!!!

Ok... its been a long while... the above trade never hit target.... so clearly it is not a TT5 trade anymore...

I have however kept the trade open. I have done this because I see daily divergence and I think we will come back down.... I can still hit my target or at least lose less....

This trade has my account down 4% or so right now.... it is about as far as I am willing to let it go.... another spike up... and I will get out....

Maybe TRENDS will return soon..... Look at EUR.... I will fight against them until I die...

GBP/JPY Long @ 148.52

Target 50 pips to 149.02

Close to end of the day... a long ( but not so long ) red candle.... lets see if we get some retracement.. and at start of the new candle later price will be far away from the 5 ema... so good chance price will move towards it...

Target hit @ 149.02

This adds 1% to account.

450 pips now for me... account up 8 %

Long @ 146.95

Target 50 pips @ 147.46

Long candle... quite far away from the 5 ema now...

that pesky EUR trade from my post 1242 is still open.... but the daily divergence is begenning to pay off.... if we can get even close to the red 62 ema my target will be hit...

I keep for now.... divergence begninning to play out here.... Target is green line 1.4434

Do I spell Beginning right..?? or is it only with one 'n' ??

OK... I am going to add another Long TT5 here @ 144.82

Target 50 pips to 145.32

New daily candle now gapping away from the 5 ema.... often a good time to trade towards the 5 ema....

Trade from post 1259... Long TT5 on GBP/JPY hit target

Now 500 pips for me.... and account up 9%