Tiki Trader Trades

GBP/JPY TT5 long.... trade from post 1334 hits target at 135.00

Took a long time and was not the trade I thought it would be the day I took it.... but ok now....

OK.... I still like divergence... and this one has been coming on for a long long time.... weekly charts EUR/USD ... price has finally come down to touch the 800 sma.... maybe we bottom here....

I like it for a divergence trade.... long term... I have not traded it yet... but I will watch it closer now a days.... Target would be the red 62 ema... but by the time price ever gets to it... the 62 ema probably would have crossed well below the white 200 ema....

It has been many months since I posted here. I did not stop trading. I did not stop posting here because I was losing... 2010 was a long year personally and I simply did not feel like being here... I am still living in Nha Trang, VIETNAM.... I was back in the USA for some months last year. For many reasons it was a very stressful year. I traded only during a few months over the last year... maybe less than half the time...

Although I did not trade so much, I did not lose any trades since about a year ago. The months I traded, I made an average of 4 to 6 trades a month. I still trade almost only TT5... and most of the time on GBP/JPY...using daily or weekly time frame...always looking for 50 pips and on occasion 100 pips

I have posted a view of my current account here... this account was started a little more then a year or so ago... at 100K... the balance now 160K... I tried to find some other shots of the same account near to wehn the account was started so I could show there was no fudging on the real amounts...but I could not find any pics... so believe as you wish...

I post a pic of my most recent trade which was about a week ago... based on weekly chart GBP/JPY TT5 SHORT @ 131.87.... target was hit @ 131.37

I have put a pic of the view from my front yard here in Vietnam and a pic of the house where I live.... and a pic me... not that that should interest anyone.... ok.... I am bored.. I am happy if anyone looks here and talks to me....

I see all new names in the forum, so many you dont know me or how I trade... but Ive been around for a while....

Hey Tiki

I don't post much these days either..stopped posting in my journal late last year.

Great to hear from you and pleased to see you are well

Kind Regards
Steve

The GOD of forex still remembers me... !!

I am Honored Steviet.... !!!

Often times I like to make a trade on the weekend with GBP/JPY based on the weekly chart if the weekly price end far enough away from the 5 ema. This week price ends close to the 5 ema, so no trade.....

OK... I will

Trade TT5 short gbp/jpy @ 132.38 target 50 pips to 131.88

Trade towards the 5 ema on weekly chart... I think price is far enough away.... its not a special trade.... but I like how it looks on monthly and daily and 4 hour and even one hour time frames..... still at the top of weekly channel..... and 5 ema will be at least 100 pips or more away from price when the week opens...

OK.. TT5 short from weekend now hit target @ 131.88

I Trader short here... trade towards the 5 ema GBP/JPY @ 134.05.... its not the longest daily candle, but lately things are SO boring..... I woke up now in the middle of the night here and saw this.... Ill give it a try...

Target 50 pips to 133.55

OHHHH... where are all the long daily candles...??? they just dont seem to happen much these days....

OHHHHHH I need to pee... how long does it take for price to decide which way to go....?? the cup I was using was about to overflow... !! Man this is the countryside of Vietnam.... no wireless network or long cables here.... and the bathroom is like 20 meters from here.....

Finally price makes a bee line for the 5 ema daily... Target hit @ 133.55

I dont ususally look at much except GBP/JPY.... but this is a nice little pin bar and it is completely gapped away from the 5 ema.... but it is not many pips to the 5.....

I take a small short here.... @ 83.38..... for 30 pips... target 83.08

I'll also take a SHORT on GBP/JPY @ 133.49 based on weekly chart.... trade towards the 5 ema weekly

Target 50 pips to 132.99

Hi Tiki,

I remember you from when you was in the J16 group quite a while back.

The way you trade now (towards the 5ema) seems a bit different from from the first post of this thread so I was wondering if there was another post with your current rules laid out (sorry if I'm being cheeky - I'll understand if you don't want to share specifics).

It seems to me that you've found a way to trade that sits well with you and that you feel at home with. Thats just fantastic!

Vietnam is such a lovely part of the world and I hope to go back there again some day - do you have any more pics you would like to share?

Hope you keep up the good work and keep posting.

All the best!
Dave

Yes my trading is different now than at the begining of thid journal.... althougn I still look for good divergence and take those trades, I really like Trading towards the 5 ema.... perhpas it is not for everyone... but it is really very simple.... there is not much to think about, not much to analyse.... takes only a few minutes here and there to do...

I used to study with Rob Booker, and one of the things he required was to make our own trading systems.... I made several... and they were not bad... but they did not really FIT me.... ohhhh... Ive been down all the long road that all in this forum have been down....

I will not deny that I am lazy about all this... I have no desire to sit in front of the screen all day analysing.. looking at charts etc etc.... I want an EASY way to trade forex and I always belive there is that easy way... a po' boy method.... amd I SURE DO want to win trades and not lose...

I dont think my way of trading is anytihng special... and I know many think about and use the 5 ema or trade around it as I do.... so probably I have not invented anything special or new here....

Over time, I kept seeing that price always comes back to the 5 ema... the 5 is a center point... HOME maybe.... and the further price gets away from the 5 ema, the more sure it will quickly come back to it.... so I like LONG daily candles... extra long.... I will look for average daily range and then wait for something extra long.... and when I say check daily range.. I MEAN eyeball it.... there hasnt been much action lately.... TT5 works especially well on GBP/JPY... I think that is becasue that pair tends to retrace often at least 50 percent....... YES , maybe there are trends, but a lot of going BACK before going ON.... GBP/JPY can cover a lot of pips in a very short time... it can move quickly and so trades win fast.... although if careful I think TT5 can be used on many pairs if not all of them...

OK.. its good you write your post to me... its about time to outline TT5.. I dont know if I ever really wrote it anywhere... there are no specific rules.... but guidelines I follow... I will try in the next post to give as much info as possible.

And I will dig up more photos of Vietnam and put some here too....

Thanks for asking your things.. I am happy you put any attention to me...

WOW I see in 4 years you have only made 3 posts.... !!! gosh.. I am honored to be the recipient of one of them... !!!

It is however... very late tonight and I am really tired..... (lazy).... so I am going to go to bed and I will write about TT5 tomorrow......

LOL yes I've never posted much on here more of a secret lurker....

Thanks so much for taking time to reply think I'm going to spend some visual time with the gbp/jpy with the 5 ema just to see how it feels. It seems like its quite intuitive with you and the way you trade.. I'm impressed.

Anyway, would be great to see those photos sometime :d

Hey Tiki,

something I forgot to ask.. how to you go about deciding on where to put you stop loss?

OHHHHHHH.... now you've opened a big can of worms.... !!! Everyone will be mad now that you brought that up....

I have not used stops since a long long time ago......

I know ... I know.... no one has to tell me... I know what everyone is thinking now....

So it will be even more stupid of me to say... if I use a stop, I might lose..... ohhhhhhhhhhhhhhh

OK OK.... for those of you who need to have a STOP... which I know is everyone but me..... in this case..... make that stop far far away..... a catastophic STOP only....... I try to find many reasons to take the trade... and also think about what Ill do if price doesnt go my way... but I will be willing usually to let it go a long ways against me before I GET SCARED

Any way... I was going to talk about this later when I post about TT5.....

I will post all that in a couple of hours.....

PLEASE remember... once the chart is there.. it is there.... but you can see as price is moving.. it is pushing and pulling the 5 ema with it.... the ema moves where price goes.... so for example... if price is going in one direction a far way... it can pull the 5 ema to touch the previous candle that before was not being touched.... oh I dont know if you understand that.. just remember price only looks like it is moving around the 5 ema.... price will really go where the heck it is going... the ema is moving accotding to where price goes.... PRICE DOES NOT REALLY FOLLOW THE 5 EMA....

When I first start trading around the 5 ema.. I called it Trade TO the 5.... but later I saw its better to Trade TOWARDS the 5... not all the way to it....