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Odds are with a 4hr KISS

  • #181
  • Apr 16, 2010 6:00am Apr 16, 2010 6:00am
Quoting Rastaman
I am noticing that a lot of people are talking about TP of 30-60 pips!

I also trade an M15 system where average TP is 50 pips and very often well over 100 pips.

Possibly letting a trade run more and cutting the losers short with good money management is a way to extract more profit out of the H4.
Hi Rastaman, I'd just like to remind you that if you read the first post you'll see this method is exactly for taking 30-50pips only. There are multiple ways to trade forex, hence all the different methods. And this one prefers to make consistant smaller profits with a higher win percentage versus bigger profits with a lower win percentage by leaving runners.

The choice is always up to the individual trader of course, but I don't recommend runners using this method. Have a good weekend!
  • #182
  • Apr 16, 2010 8:10am Apr 16, 2010 8:10am
Quoting Rastaman
Just sold EU at 135490

Now,let the market decide how generous it wants to be.

EDIT: Chart hard to see in black.
Trade is looking good...enjoy!
  • #183
  • Apr 16, 2010 10:21am Apr 16, 2010 10:21am
Ej trade still on , took TP1 at 110 pips.

Will probably move SL to BE & leave this over the weekend.
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Starting to see instead of just looking.
  • #184
  • Apr 16, 2010 10:23am Apr 16, 2010 10:23am
Quoting Tw0eleven
Trade is looking good...enjoy!
Thanks T


EJ in the above post, is a better deal though but, I hear from a rather renowned source around here that Eu could well be on its way to 1.000

I just wanted to get in.
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Starting to see instead of just looking.
  • #185
  • Edited 11:37am Apr 16, 2010 11:35am | Edited 11:37am
Another one fulfilling the conditions...
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If you think you can or cannot do it you are correct
  • #186
  • Apr 19, 2010 5:11am Apr 19, 2010 5:11am
The Friday EU short just surpassed the 120 pip mark.
Probably time to put the SL at BE+.LoL
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Starting to see instead of just looking.
  • #187
  • Apr 19, 2010 6:17am Apr 19, 2010 6:17am
Quoting Rastaman
The Friday EU short just surpassed the 120 pip mark.
Probably time to put the SL at BE+.LoL
Nice...sometimes they work out great, sometimes they don't. Glad this one did for you! Enjoy the profits!
  • #188
  • Apr 26, 2010 6:19pm Apr 26, 2010 6:19pm
Actually I checked out all the pairs I follow and saw that most of them have signalled a buy or sell last week and therefore most positions taken via the system would have either taken profits or be in the moving stops to lock in profits phase

By the way is this usdchf still tradable?. The macd has been below the line for some time but the ma cross down is just taking place
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If you think you can or cannot do it you are correct
  • #189
  • Apr 26, 2010 7:31pm Apr 26, 2010 7:31pm
This is indeed a simple and easy to execute system.

Thks for sharing this with us.
  • #190
  • Apr 26, 2010 8:40pm Apr 26, 2010 8:40pm
Quoting Olu
Actually I checked out all the pairs I follow and saw that most of them have signalled a buy or sell last week and therefore most positions taken via the system would have either taken profits or be in the moving stops to lock in profits phase

By the way is this usdchf still tradable?. The macd has been below the line for some time but the ma cross down is just taking place
Hi Olu,

I've been pretty busy so haven't posted much. My wife and I have a new baby boy addition to our family.

That being said, I think that chf trade was good on the candle that closed just at/below the ma's....that's where you should have entered(or at least i would have). The last candle on your chart looks like it already dropped pretty far so you would need to wait for price to come back up to the ma's and then stall and start back down if you wanted to enter short. The reason I would have picked the entry just as the ma's where crossin down and price was at/below the ma's is because not only did the 1-2-3 line up then...but look at your candles themselves, 2 great PinBar candles before the entry candle! That would add enough reasons for me to enter.

On a side note, thank you for posting your chart. Also, that's another reason I haven't posted a lot on here lately...I don't want to be the one posting possible trades and calling the shots. I really wanted to put this system/method out there and have others trade it themselves. See if you like it...some will, some won't. If anyone has questions...feel free to ask and I or someone else on here will surely try to answer! I hope those of you that are trying this trading method are enjoying it and making pips!

Happy Trading!
  • #191
  • Apr 26, 2010 8:41pm Apr 26, 2010 8:41pm
Quoting KelvinLee
This is indeed a simple and easy to execute system.

Thks for sharing this with us.
Not a problem at all. If you enjoy this method of trading and are having success or have questions...please continue to post so that others may learn too!
  • #192
  • Apr 26, 2010 11:57pm Apr 26, 2010 11:57pm
Quoting Tw0eleven
Hi Olu,

I've been pretty busy so haven't posted much. My wife and I have a new baby boy addition to our family.
Congratulations on your new baby. Photos please. Now you will have to increase your lot size
If you think you can or cannot do it you are correct
  • #193
  • Edited Apr 28, 2010 5:43am Apr 27, 2010 7:39am | Edited Apr 28, 2010 5:43am
Quoting Olu
Congratulations on your new baby. Photos please. Now you will have to increase your lot size
Thanks...
  • #194
  • Apr 27, 2010 8:00am Apr 27, 2010 8:00am
Wish your whole family well. Enjoy your family. Hope He will be a forex trader

Can you check out the usdjpy? We have a signal. There are newe signals in uscchf, audusd, yencrosses

The only problem is the signals occurred and PA has moved on to confirm. And according to this system we might need a retracement to get in which might not come

Secondly we have figures coming out from the states soon
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If you think you can or cannot do it you are correct
  • #195
  • Apr 27, 2010 8:58am Apr 27, 2010 8:58am
Quoting Olu
Wish your whole family well. Enjoy your family. Hope He will be a forex trader

Can you check out the usdjpy? We have a signal. There are newe signals in uscchf, audusd, yencrosses

The only problem is the signals occurred and PA has moved on to confirm. And according to this system we might need a retracement to get in which might not come

Secondly we have figures coming out from the states soon
I agree you would need a retrace on the UJ. the same with most pairs since they have moved so far so fast! IMHO, we have already missed the short entries on GU, EU, EJ, GJ, AU, and long on UCAD. The 4am EST candle close gave the signals for trade setups...and shortly after that we got price to pullback to the MA's for your entry points. Now would be a good time to just wait patiently for the next setup or pullback. Just be careful since most pairs have already put in their normal daily range...so the safest option would be to just sit and wait.

Happy Trading!
  • #196
  • Apr 28, 2010 11:30am Apr 28, 2010 11:30am
Almost fulfilling the 123 conditions. Comments anyone?
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If you think you can or cannot do it you are correct
  • #197
  • Apr 28, 2010 8:08pm Apr 28, 2010 8:08pm
Quoting Olu
Almost fulfilling the 123 conditions. Comments anyone?
Hi Olu, as the 5ema has not crossed the 20, and there is no signal candle to my liking yet (bullish pin or engulfing candle), I'll probably wait. Now the most recent candle is an inside bar which could mean indecision, I think we need to see how the next candle unfolds.

By the way, I notice that you're using 4ema instead of 5. Do you find this setting better for AU?
  • #198
  • Apr 28, 2010 9:15pm Apr 28, 2010 9:15pm
Quoting Olu
Almost fulfilling the 123 conditions. Comments anyone?

I agree with fthingf...it was close to setting up for longs, but not quite there. However, nzd interest rate decision was tonight which is imho affects AUD at times...so another reason to sit out.

On a side note...yesterday was CRAZY in the market. EU, EJ, GU actually looked long to me in the morning...but then we had some surprise news come out with the credit rating downgrades of Portugal and Greece...then things went south pretty quick. I actually took some losses on GU and EJ due to the surprise news...just goes to show you you never know what may happen in forex! Hope everyone else avoided the losses or were able to take shorts for some profits!!!

Happy Trading!
  • #199
  • Apr 29, 2010 4:40am Apr 29, 2010 4:40am
Quoting fthingf
Hi Olu, as the 5ema has not crossed the 20, and there is no signal candle to my liking yet (bullish pin or engulfing candle), I'll probably wait. Now the most recent candle is an inside bar which could mean indecision, I think we need to see how the next candle unfolds.

By the way, I notice that you're using 4ema instead of 5. Do you find this setting better for AU?
I thought I read it to be 4 ema. Is everyone using 5ema? If so I will need to change mine
If you think you can or cannot do it you are correct
  • #200
  • Apr 29, 2010 4:54am Apr 29, 2010 4:54am
So we are all singing from the same hymn sheet...
If you think you can or cannot do it you are correct
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