Odds are with a 4hr KISS | Page 16 | Forex Factory

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Odds are with a 4hr KISS

  • #301
  • Sep 13, 2010 6:40am Sep 13, 2010 6:40am
Quoting Forest-Sea
All right, I am going to watch each candle end/start for the KISS this week, including the one that rolls in the middle of my night.

In looking at where we are now, it raised another question....
Forest,

lets say there was an extended move down and i'd like to go long. that first touch of the 21 after the break will usually still bounce down, so i don't like to go long that soon. i wait till it retests the low and makes a higher low and higher high or closes higher than a bunch of candles above the 21. these higher lows and higher highs need to be a fractal that takes several bars to make. the pattern at that point is complete and i'll take the pullback long.

Scott
  • #302
  • Sep 13, 2010 11:46am Sep 13, 2010 11:46am
Quoting Scottie
Forest,

i wait till it retests the low and makes a higher low and higher high or closes higher than a bunch of candles above the 21. these higher lows and higher highs need to be a fractal that takes several bars to make. the pattern at that point is complete and i'll take the pullback long.

Scott
Makes perfect sense. Fractal idea interesting. Will add those to my chart, I think.

Forest
  • #303
  • Edited 10:00am Sep 14, 2010 9:44am | Edited 10:00am
Looks like the E.J is 'qualified' to trade down . . . also A.J but maybe no one is looking at it. Time = 1040 {NY}.

I'm just seeing this now in Pacific time.

QUESTION: do any of you drop down to the H1 (lower?) for actual entry? I am noticing the H1 is actually sliding up counter to the anticipated drop from the H4.

OR . . . do we say, once qualified, including having bounced back up on a retrace that we should just plunge in here.

Note: due to my lateness getting to the screen, I am late for entry. An optimal entry would have been some hours ago, BUT the price hasn't moved much.

WELL, CURRENT CANDLE IS PUSHING 100 PIPS UP. PROBABLY WAS AN ENTRY NEAR THE LONDON OPEN. POSSIBLY A NEWS RELEASE SPIKED THINGS THIS AM. I DIDN'T LOOK AT WHAT WAS COMING OUT YET.

I think the question is still a good one. Thoughts?

Thanks, Forest
  • #304
  • Sep 14, 2010 3:24pm Sep 14, 2010 3:24pm
Quoting Forest-Sea
Looks like the E.J is 'qualified' to trade down . . . also A.J but maybe no one is looking at it. Time = 1040 {NY}.

I'm just seeing this now in Pacific time.

QUESTION: do any of you drop down to the H1 (lower?) for actual entry? I am noticing the H1 is actually sliding up counter to the anticipated drop from the H4.

OR . . . do we say, once qualified, including having bounced back up on a retrace that we should just plunge in here.

Note: due to my lateness getting to the screen, I am late for entry. An optimal entry would have been some...
Sorry for the late response, I have been traveling today. You are right, at least for me...I don't watch the AJ charts. Also, to answer your 1hr entry question...I do not enter off the 1hr chart. All my entries/exits are off the 4hr chart. HOWEVER, I do look at other timeframes(1hr, Daily, Weekly) just to get an idea of price action, the trend and where some prior support/resistance areas are.

As for trades today...it was an interesting day! Speaking just about the 3 primary pairs I trade...GU was just in a range, so I basically ignored it this week. EU had a nice run up in price that started last week, had a pullback early this morning that only came within 17pips of the 20ma(so not close enough for an entry)....and EJ was tricky...you had EU going up but UJ going down so EJ was basically fighting and struggling to pick a direction. When EJ closed below the 20ma this morning MACD was still heading up, the 20ma was still at a good angle up, AND most importantly if you look at that candle that closed below the 20ma...it was a pullback to prior broken resistance area from last week on Sept. 8th and 10th...this was the FIRST retest of that area(107.00 area). So for me, I was actually thinking longs on EJ instead of shorts.

Good questions you have posted...keep them coming!
  • #305
  • Sep 15, 2010 7:45am Sep 15, 2010 7:45am
If you were patient again this week, you were rewarded! One comment on the chart examples below...you'll see I stuck with the standard profit targets of 75 and 50pips. Who knew that the BOJ would intervene in the markets last night thus causing big rallies in the JPY pairs??? Definitely not me! And it's the first time since 2004 that they have done that...so for those of you who want to say "why didn't you go for more profits"??? Well, it would have been nice...but you have to be honest...do you get these types of moves that often???? Once every six years??? I'm more than happy taking 50-75pips each week instead of 200pips once every six years!!!
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  • #306
  • Sep 15, 2010 7:47am Sep 15, 2010 7:47am
eu
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  • #307
  • Sep 16, 2010 7:06am Sep 16, 2010 7:06am
Could be a very good week!
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  • #308
  • Sep 20, 2010 1:33am Sep 20, 2010 1:33am
Quoting Tw0eleven
If you were patient again this week, you were rewarded!...
Good say, 211!
U r very discipline... I am learning from u

Allow me to ask...
In general, hope u don't mind, how many trades you made in the past months using your trading method upon the right set ups shown?

Thanks & Cheers
  • #309
  • Sep 20, 2010 6:04am Sep 20, 2010 6:04am
Quoting tradpat
Good say, 211!
U r very discipline... I am learning from u

Allow me to ask...
In general, hope u don't mind, how many trades you made in the past months using your trading method upon the right set ups shown?

Thanks & Cheers
Hi tradpat,

I wouldn't say I'm very disciplined, I still make my fair share of mistakes from time to time. But if you can manage to follow the rules of this system, I see no reason why you won't be profitable.

As for your question about how many trades I have taken...to be honest with you, I don't have that information readily available. I keep track of how many trades(winners/losers) I have each week...but some of my trades are not based on the 4hr method but sometimes just price action alone. So if I were to give you the trades I have taken, that information could be misleading to you. Also, since this method is based on price action...and everyone reads charts a little differently, there might be some trades I would take that you would not...or trades you would take that I would now. So that could also be misleading, which I don't want to mislead anyone. I can still post my numbers if you would like, just let me know...and understand that some of my trades are not based solely on the 4hr method.
  • #310
  • Sep 23, 2010 10:01am Sep 23, 2010 10:01am
Tw0eleven,

I miss your posts. Or you are waiting for good setups?
  • #311
  • Sep 23, 2010 10:16am Sep 23, 2010 10:16am
Quoting Happy68
Tw0eleven,

I miss your posts. Or you are waiting for good setups?

Hi Happy,

I've been a little busy at home and with work. Also, there doesn't seem to be much interest in this method....so I've been a slacker. There were a few trades this week. GU has given a couple long entries. EJ just gave a short entry this morning. EU looks like a possible long, but don't let that fool you...I see it's had quite a run up in price and appears to be breaking a trendline down...so I wouldn't go long right now. And I wouldn't go short because it hasn't closed below the moving average either...so skip any EU trades right now. AU is the only other pair I see right now, possible short setup. Hope that helps!

Happy Trading!
  • #312
  • Sep 23, 2010 11:39am Sep 23, 2010 11:39am
Hi

I don't know for the others but I like your metod. These trading possibilities I have seen, only with EJ is not clear for me - why short? We don't have TL braek, we don't have LH/LL?

I don't trade this metod, by I like it and follow the possibilities.

Good luck!
  • #313
  • Sep 23, 2010 11:48am Sep 23, 2010 11:48am
Quoting Happy68
Hi

I don't know for the others but I like your metod. These trading possibilities I have seen, only with EJ is not clear for me - why short? We don't have TL braek, we don't have LH/LL?
Check the attached picture. TL was broken. Price closed below the MA and the next candle (12 GMT) pulled back of the MA and went short 60 pips.
Attached Image
  • #314
  • Sep 23, 2010 12:02pm Sep 23, 2010 12:02pm
Thank you, it seems, I look to the wrong TL
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  • #315
  • Sep 23, 2010 12:05pm Sep 23, 2010 12:05pm
Quoting Tw0eleven
Hi tradpat,

I wouldn't say I'm very disciplined, I still make my fair share of mistakes from time to time. But if you can manage to follow the rules of this system, I see no reason why you won't be profitable.

As for your question about how many trades I have taken...to be honest with you, I don't have that information readily available. I keep track of how many trades(winners/losers) I have each week...but some of my trades are not based on the 4hr method but sometimes just price action alone. So if I were to give you the trades I have taken,...

i dont understand your system.
  • #316
  • Sep 23, 2010 12:12pm Sep 23, 2010 12:12pm
Its a very easy system. If you read the thread you should understand it...
  • #317
  • Sep 23, 2010 1:20pm Sep 23, 2010 1:20pm
Quoting fguru
Its a very easy system. If you read the thread you should understand it...
Thanks for answering that.
  • #318
  • Sep 27, 2010 2:41pm Sep 27, 2010 2:41pm
Quoting fguru
Its a very easy system. If you read the thread you should understand it...
Easy to learn yet difficult to master...

Tw0eleven: I have been enjoying this thread a great deal. Your method(s) certainly gets to the heart of successful trading in my opinion (price action, S/R, trendlines, etc.). I am a longtime lurker on FF and finally felt compelled to come out of the shadows for one reason only -- to beg you not to let this thread die!

Your charts and chart notations are very clear and instructive (among the best I have seen on FF). The more you and others post charts using this method the more I seem to get the hang of it.
  • #319
  • Sep 27, 2010 9:49pm Sep 27, 2010 9:49pm
Quoting jls
Easy to learn yet difficult to master...

Tw0eleven: I have been enjoying this thread a great deal. Your method(s) certainly gets to the heart of successful trading in my opinion (price action, S/R, trendlines, etc.). I am a longtime lurker on FF and finally felt compelled to come out of the shadows for one reason only -- to beg you not to let this thread die!

Your charts and chart notations are very clear and instructive (among the best I have seen on FF). The more you and others post charts using this method the more I seem to get the hang...

Thank you for your kind words and I'm glad you are enjoying this method.
  • #320
  • Sep 27, 2010 9:54pm Sep 27, 2010 9:54pm
Some asked for them, so they get them! I don't really see any setups this week yet, but here are a few from last week that I hope some people were able to get some pips on.

The First chart is of the GU. It has ALL the elements you want of a good trade setup.

The Second chart is of the EJ. It has "MOST" of the element you want...notice that I said "most" and not "all" like the first example.

I'll let you all read the notes on the chart and see if you can figure what the difference between the two trades. Just one note I'd like to add, I'm not saying NOT to take the EJ trade setup, it was a good one. However, just be aware...if it's not the "Best" setup it's slightly less likey to work.
Attached Image(s) (click to enlarge)
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