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Kevinator 5m retracement-Live trading

  • #241
  • Jun 10, 2011 2:22am Jun 10, 2011 2:22am
Quoting boy2boy
Hi ohammond,

Thanks for your advise.

BTW, both entry hit SL.
Look at the 3 images on post #1 at the beginning of the thread for a very clear example of how to trade the system.Read the word document in the zip for a very clear example of how to trade the system.
  • #242
  • Jun 10, 2011 2:34am Jun 10, 2011 2:34am
I noticed there are some reallly good trade setups this morning.Most of you should have made some really good profits if you are fully engaged in the scanning of the charts.

I will be in and out as I am testing some new concepts this morning.I will still do a few trades live in a couple of hours.

I want everyone to keep working the charts.Stay productive and keep the numbers coming in.More trades and be aggressive but selective.If it doesn't look good pass it up as there will be another trade setup coming within the hour.
  • #243
  • Jun 10, 2011 2:36am Jun 10, 2011 2:36am
Quoting RibLips
In this one a bit early, but working out well at +43 right now

Update: out with +47.
Nice trade!!!

Now go get them again.
  • #244
  • Edited 3:55am Jun 10, 2011 3:18am | Edited 3:55am
+37 more closed.

Update: +15 on a long right after the short below.

99 total for GU...going to bed
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.gif Size: 12 KB
  • #245
  • Jun 10, 2011 3:23am Jun 10, 2011 3:23am
Kevinator,

great approach thx for sharing. Started to follow.

Main problem at the moment is that RF repaints everytime I start the MT4 platform new. I am using the indicator pack from page 1.

Is there an updated inidicator pack?

Thx a lot

KR
helix99
  • #246
  • Jun 10, 2011 3:29am Jun 10, 2011 3:29am
Quoting RibLips
+37 more closed
Hi riblip

could you please post your chart

thx a lot

KR
helix99
  • #247
  • Jun 10, 2011 3:48am Jun 10, 2011 3:48am
Hi

First thanks to Kevinator for showing us this strategy.

I desided to try it out, this morning¨.

I only tested it on cable, because we can all see a great down trend.

I have marked 4 trades I hope is with the rules. (Please commend)

The first I did not took because I was sleeping, but the last 3 I took at red line.

I hope it will goes on like that, but I think problems come when trend is changing, then we can have some loosers, but it seem we can keep those lsmall.

I added a BigMO black white line. For me its to say what trend is

Ok hope to finally I found a strategy that can give those honest winners
I have made a tradingplan where I look for 40 pips dayli on average.
But I have not found a strategy that could give me that trading on lower timeframes. I dont like trade with too huge SL, so this strategy looks like it can help me.

ok

talk later

regards

Peter
Attached Image (click to enlarge)
Click to Enlarge Name: cable setup.gif Size: 53 KB
  • #248
  • Jun 10, 2011 4:00am Jun 10, 2011 4:00am
Ok one more trade this morning:

EUR/JPY long +22
Attached Image (click to enlarge)
Click to Enlarge Name: 20110610- trade 07- eurjpy.jpg Size: 121 KB
  • #249
  • Jun 10, 2011 4:05am Jun 10, 2011 4:05am
Quoting dynel14
Ok one more trade this morning:

EUR/JPY long +22
I blew it on this one, saw it retracing and took +6 and exited. Happy with the +6, but should've held it.
  • #250
  • Jun 10, 2011 4:23am Jun 10, 2011 4:23am
Quoting helix99
Kevinator,

great approach thx for sharing. Started to follow.

Main problem at the moment is that RF repaints everytime I start the MT4 platform new. I am using the indicator pack from page 1.

Is there an updated inidicator pack?

Thx a lot

KR
helix99
Sorry guys, already found the update.

KR
helix99
  • #251
  • Jun 10, 2011 4:23am Jun 10, 2011 4:23am
I feel you would benefit by using the Color Stochastic that Kevinator provided in Post #204. This clearly shows whether you are looking for a step up (long trade) or a step down (sell trade).. Don’t forget to make the adjustments to the indicator as stated in the post.

Just because the next magenta color bar of the Retracement Finder is showing above the 00 line in the chart you posted does not mean you forget the stochastic is showing you a short trade.. Have a look to see what would have happened had you waited for the magenta color bar to be below the 00 line…………it would have been a winning trade.

You need to be patient and look at what the chart is telling you and check that you have obeyed the rules before trading.

Go back over the rules that Kevinator provided in the Word document and using the rules, go over the charts applying them If you do that, I’m sure you will get a better result.

I hope this helps.

Regards
  • #252
  • Jun 10, 2011 4:25am Jun 10, 2011 4:25am
Quoting dynel14
Ok one more trade this morning:

EUR/JPY long +22
dynel,

I like your charts. Could you post a template?

Thx a lot in advance

KR
helix99
  • #253
  • Jun 10, 2011 4:59am Jun 10, 2011 4:59am
WROMG CHART..
Attached Image
  • #254
  • Jun 10, 2011 5:04am Jun 10, 2011 5:04am
Quoting dynel14
Ok one more trade this morning:

EUR/JPY long +22
How did you decide to hold that trade when after being +10 pips it started retracing and went -6/7 pips against you, at what point would you exit
  • #255
  • Jun 10, 2011 5:06am Jun 10, 2011 5:06am
eurusd long entry and exit 3/4.
Attached Image (click to enlarge)
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  • #256
  • Jun 10, 2011 5:23am Jun 10, 2011 5:23am
Quoting spacePip
How did you decide to hold that trade when after being +10 pips it started retracing and went -6/7 pips against you, at what point would you exit
the reason:
Attached Image (click to enlarge)
Click to Enlarge Name: reason.jpg Size: 129 KB
  • #257
  • Jun 10, 2011 5:29am Jun 10, 2011 5:29am
Quoting helix99
dynel,

I like your charts. Could you post a template?

Thx a lot in advance

KR
helix99
template
Attached File(s)
File Type: rar dynel14 kevinator retracement template.rar   69 KB | 823 downloads
  • #258
  • Jun 10, 2011 5:32am Jun 10, 2011 5:32am
Hi

Nice to see you also like the BigMo.

Keep up the good work.

Look how BigMo kept me out from going long in EU.
Reason for me was that there was not much room up to BigMo


regards

Peter
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 5 mins.gif Size: 48 KB
  • #259
  • Jun 10, 2011 5:35am Jun 10, 2011 5:35am
Quoting ozziedave
Here is an advanced technique. I would suggest if you are a newbie to learn the basic trading entry before attempting this trade. For those people who understand divergence here is an advanced trade entry that will just give you more confidence and confirm your entry.

On the 5M chart add the MTF Stoch and set it to 5 minutes so it reflects the candle formation on the 5 M chart. Now take a look at my picture. We have a long up trend and price starts to weaken and and lose momentum. When you see this start to look at the 5M stoch. As you can see...
Very good Ozziedave. Can you tell me what MA is the green line on your chart?
  • #260
  • Jun 10, 2011 5:37am Jun 10, 2011 5:37am
Quoting fratelli
Hi

Nice to see you also like the BigMo.

Keep up the good work.

regards

Peter
Thank you Peter. I try my best

You did nice trades this morning

wish you all pips today

dynel14
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