Four Kids 2nd Journal | Page 13 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Four Kids Fifth Journal using Pivots 22 replies

Four Kids Fourth Journal 8 replies

Four Kids Journal 322 replies

Based on Trading Chaos 2nd . My journal. 20 replies

Attachments: Four Kids 2nd Journal
Exit Attachments

Four Kids 2nd Journal

  • #241
  • Apr 12, 2010 7:05pm Apr 12, 2010 7:05pm
Pending: gchf short @ 1.6255, sl 1.6420, tp1 1.6210, tp2 1.6170
Attached Image (click to enlarge)
Click to Enlarge Name: gc.gif Size: 16 KB
  • #242
  • Apr 13, 2010 5:59pm Apr 13, 2010 5:59pm
gchf tp1 reached, + 45 pips
gchf tp2 still open
  • #243
  • Apr 13, 2010 6:09pm Apr 13, 2010 6:09pm
gchf tp2 changed from 1.6170 to 1.6130
  • #244
  • Apr 14, 2010 3:06am Apr 14, 2010 3:06am
gchf tp2 closed 1.6270 -15 pips
  • #245
  • Apr 14, 2010 3:41am Apr 14, 2010 3:41am
why dont you change sl to be on 2nd trade once 1st is tped or closed?

Quoting Four Kids
gchf tp2 closed 1.6270 -15 pips
  • #246
  • Apr 14, 2010 4:01am Apr 14, 2010 4:01am
Quoting coolshades
why dont you change sl to be on 2nd trade once 1st is tped or closed?
Greed. Lack of discipline.
  • #247
  • Apr 14, 2010 4:25am Apr 14, 2010 4:25am
ok.

my usdcad short at 1 has been triggerd and i closed the first order at 9979. second one i am leavign running.

Quoting Four Kids
Greed. Lack of discipline.
  • #248
  • Apr 14, 2010 4:53am Apr 14, 2010 4:53am
How many pips on your first order.
  • #249
  • Apr 14, 2010 4:56am Apr 14, 2010 4:56am
21. sell at 1, exit at 79 and now moved to be.

i will also look for a bpc on audusd, long, if current h4 closes above 93.3

i think i have posted charts earlier on this. 93.3 is my major s/r.


Quoting Four Kids
How many pips on your first order.
  • #250
  • Apr 14, 2010 9:42am Apr 14, 2010 9:42am
my second order on usdcad exited at be of 1. dont know why since price didnt touch 1. have queried my broker.

on a bpc trade, do you wait for a pullback bar to close before placing a continuation trade? or it is enough for the pull back bar to retrace and go back and continue the trend, for you to place an entry ?

Quoting coolshades
21. sell at 1, exit at 79 and now moved to be.

i will also look for a bpc on audusd, long, if current h4 closes above 93.3

i think i have posted charts earlier on this. 93.3 is my major s/r.
  • #251
  • Apr 14, 2010 3:26pm Apr 14, 2010 3:26pm
Quoting coolshades
my second order on usdcad exited at be of 1. dont know why since price didnt touch 1. have queried my broker.

on a bpc trade, do you wait for a pullback bar to close before placing a continuation trade? NO
or it is enough for the pull back bar to retrace and go back and continue the trend, for you to place an entry ? YES
Do you normally take 20 or so pips, and then BE the other part of the trade?
  • #252
  • Apr 14, 2010 10:27pm Apr 14, 2010 10:27pm
Pending:
ej long 128.10, sl 126.60, tp1 128.90, tp2 open

eu long 1.3710, sl 1.3580, tp1 1.3770, tp2 open
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 16 KB
Click to Enlarge Name: eu.gif Size: 14 KB
  • #253
  • Edited Apr 15, 2010 8:06am Apr 14, 2010 11:44pm | Edited Apr 15, 2010 8:06am
no.

it so happened that on my usd cad trade, my first tp was just 20 pips away. normally i will have either open tps or tp=1st sr for 1st trade or tp=sl for 1st trade. its a bit subjective.

my audusd long at 93.6 has been triggered. 1st tp is at 93.8 which is high or most recent bar,again because its most recent s/r, no other reason

audusd now stopped for 50 points. next trade!

Quoting Four Kids
Do you normally take 20 or so pips, and then BE the other part of the trade?
  • #254
  • Apr 15, 2010 2:44pm Apr 15, 2010 2:44pm
pending ucad long 1.0042, sl 0.9990, tp1 0.0070, tp2 open

2 day pin off s/r
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.gif Size: 18 KB
  • #255
  • Apr 15, 2010 5:56pm Apr 15, 2010 5:56pm
ucad's triggered ,but closed at be.
  • #256
  • Apr 16, 2010 12:35pm Apr 16, 2010 12:35pm
Mixing time frame's again. I entered ucad on the daily tf, and closed it on a lower tf. Enter on daily with stop's and target's then don't look at it again till next day. Lack of discipline again. Missed out on over 100 pips.

On the bright side, better to break-even than to lose.

All pending ej and eu trades cancelled.
  • #257
  • Apr 17, 2010 1:08pm Apr 17, 2010 1:08pm
Weekly round up:

4 trades, 1 win, 1 lose, 2 break even
+ 30 pips
  • #258
  • Apr 17, 2010 1:29pm Apr 17, 2010 1:29pm
Hi Four Kids, I've been stopping in on your journal every so often and figured it's about time I say hey. I like your systematic approach to trading and keeping up with your journal. I have a couple of methods I am currently using, one similar to yours based on Daily/Weekly PA and S/R (J16). I only watch about 10 pairs, so I only get about a trade a week on average, but it makes for really good consistency. Anyway, congratulations on your progress!

JCP
  • #259
  • Apr 17, 2010 4:08pm Apr 17, 2010 4:08pm
Hi Jcpfx, Thanks for dropping in. If you are consistent, then congratulations, you are one of the few. One trade a week, once again congratulations, not over trading. Thats one of my problems.

Although this is my journal, feel free to post a chart with an explanation. The more the merrier.

For any body reading this, and would like to post a chart please:

1) Don't post charts covered with indicators. MA's, Fibs, Divergence, are ok ( j16, Strat, and others use them ) but this journal is about s/r and pa. I have nothing against ind's, many traders use them, and make money ie Greg Wilson, but I never got the hang of them.

2) Don't post a chart after a trade, and say "I hope every body caught those 200 pips" Post a chart from your watch list, with reasons why you are watching it.
  • #260
  • Apr 17, 2010 5:14pm Apr 17, 2010 5:14pm
Quoting Four Kids
Hi Jcpfx, Thanks for dropping in. If you are consistent, then congratulations, you are one of the few. One trade a week, once again congratulations, not over trading. Thats one of my problems.
Thank you, but I must say that I don't consider myself one of the few yet. Consistency is all relative in my opinion, I believe what you have is very consistent, especially your approach in thus journal and the way you treat both winners and losers. I do only place about a trade a week for the J16 method, but it's not the only method I use.
0 traders viewing now