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Attachments: Kevinator 5m retracement-Live trading
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Kevinator 5m retracement-Live trading

  • #461
  • Jun 13, 2011 2:37pm Jun 13, 2011 2:37pm
Quoting cunha
did you take all those trades? because I'm almost sure that in at least 3 of them, the stoch was pointing in the opposite direction when the RF signal was given...
Not here they wernt and yes Im here all day

I trade another system on 4 swaps so Im here watching

P
  • #462
  • Jun 13, 2011 2:39pm Jun 13, 2011 2:39pm
Excellent work

All that matters is you are finding a way to turn the profits.I wish you success and consistency.

Tomorrow set you sights for 150.......start to gain confidence and take control of your trading future.Confidence will come with more trades under your belt.

You will begin to anticipate and know the answer to the question before it is asked.The question being when to enter,how much profit to take, and were to exit.
  • #463
  • Jun 13, 2011 2:49pm Jun 13, 2011 2:49pm
Time for everyone to get engaged in our work.

Post your successful trades of the day and tell us how you did it.

Once enough traders get involved in this we will begin first trader to 100 or 150 pips competitiion daily.

When traders compete we all get better and learn more.

We will see more trading styles and can replicate who and what are giving the fastest results.

After all our main goal here is productivity and daily earnings.You will only achieve this by more logged man hours.

Production,production,production....always the dollars.

Its benz and house time for some of you.
  • #464
  • Jun 13, 2011 2:49pm Jun 13, 2011 2:49pm
Quoting Paulus
kept it simple

For a long

Must have price in between lower band and middle band
has been a step up on MTF Stoch
Long on black trigger bar on RF

TP is the Top band
SL is 1pip below the lowest low behind the signal

Visa versa for shorts

Bands have changed slightly since trades were taken

P
Trading at its best!

Congrats, very nice chart.

Are you sure that at the time of the last RF Signal the Stoch was up???

cheers
helix99
  • #465
  • Jun 13, 2011 3:04pm Jun 13, 2011 3:04pm
yes it was the last trade i took...lols

here is my current chart

once i get the black down bar on RF I will be short as long as Stoch red price inbetween top 2 lines of TM

P
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  • #466
  • Jun 13, 2011 3:11pm Jun 13, 2011 3:11pm
I am now short at 1.4404 SL is 1.4418

TP lower TM band

P
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  • #467
  • Jun 13, 2011 3:28pm Jun 13, 2011 3:28pm
Quoting Paulus
Been looking at this since the start

Only just started today small amount of cash funded from other systems

EU only

Start 8am uk time

+10+14+21+22+23 = +90

very nice system keeps you with the trend

Paulus

nice job Paul..
great to have a Trader like your caliber in this thread.
  • #468
  • Jun 13, 2011 3:30pm Jun 13, 2011 3:30pm
Those are MOM trades.

If you are just selling and buying at the top and bottom of the TMA that will work for a while as the market is ranging nicely.

When the market starts trending hard the highs will get higher and higher and higher without the retracement to the bottom tma.

Hindsight it is hard to describe this situation even with a screen shot.It is something you will have to experience.

So If you are to trade that way be ready to exit when the market is overbought or oversold on the tma but continues to make higher highs or lower lows.

Variations are fine but you must leave the bare bones of the system as it is no additional indicators added and find a way to work with what is laid out already.

If additional indicators are added and they do not pan out this will only lead to confusion.
  • #469
  • Jun 13, 2011 3:46pm Jun 13, 2011 3:46pm
Hi Kevin,
I got a question if you don't mind..
in my chart i have marked a shade spot where it is a valid entry for the long a except it is not on lower band and its at the upper band pretty much like a breakout trade.. would you have given go on this and why either way?

the reason i have froze this it's because during the days trading there is always discussions about TMA band as to take buy trades at lower band and sell at upper band and so on... but what do we do when PA starts trending and keeps making strides without touching or even getting close to opposite band.. (similar to what you have mentioned already in your last post)

Thanks in advance..
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  • #470
  • Jun 13, 2011 5:29pm Jun 13, 2011 5:29pm
Quoting kevinator
Hello

Attached here and in the 1st post is a updated version of the system.

Retracement finder is a modified version of double woody CCI.I have added this indicator as a replacement although they are one in the same.

Auto trendline is the other addition to the system.This indicator will allow you to visually understand exactly were you stand within the trend.

When price begins to break the trend line that is a early warning that the current trend is over and price is changing directions like in the photo.

This should keep you out of trouble...
Hi Kevinator,
I like your new WoodCCI. One can anticipate price change by the divergences it produced but of course one have to look at other indicators and price action itself to confirm. But it does make one aware of what is going on.
Many thanks.
May.
  • #471
  • Jun 13, 2011 6:06pm Jun 13, 2011 6:06pm
eurusd long entry and long exit 2/4.
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  • #472
  • Jun 13, 2011 6:41pm Jun 13, 2011 6:41pm
Quoting P.Dean
Hi Kevin,
I got a question if you don't mind..
in my chart i have marked a shade spot where it is a valid entry for the long a except it is not on lower band and its at the upper band pretty much like a breakout trade.. would you have given go on this and why either way?

the reason i have froze this it's because during the days trading there is always discussions about TMA band as to take buy trades at lower band and sell at upper band and so on... but what do we do when PA starts trending and keeps making strides without touching or even getting...
Hello

Yes I would have taken the long position.According to your indicators the 4hr and 60M mtf stoch are in agreement.

In this case I would let price action run its course and push higher highs.If you are trading in consolidation for some time then there is a breakout making higher highs it is our first instinct to try to pick a high for reversal.

You should follow the trend and react to what the market is actually doing at the moment.If you have the 4hr and 60 in agreement you will usually get a strong push to the top or bottom.

There will always be a pull back after a strong surge to the top.

I noticed that shortly after that there was a change in trend on the 60m chart.Then Price fell below the upper tma then returned.

This was a really good MOM trade which is the highest probability setup we have and can be traded with max lots.

After that 60m and 4hr returned to agreement and long trend resumed so keep pushing higher and higher.

Economics drives these events so do not think in terms of I am looking for a reversal when 60m and 4hr are in agreement.Follow the money trail as far as it will take you.

Always in the back of your mind keep the MOM trade formation fresh and learn it like you know how to get to your local grocery store and can spot the route day or night.
  • #473
  • Jun 13, 2011 6:42pm Jun 13, 2011 6:42pm
Quoting pipdude
eurusd long entry and long exit 2/4.
This is a good day for trading as the money is just plain available around every turn.
  • #474
  • Jun 13, 2011 7:17pm Jun 13, 2011 7:17pm
thanks kevinator for the update

eur/usd short: +12 pips
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  • #475
  • Edited 8:11pm Jun 13, 2011 7:28pm | Edited 8:11pm
Took EJ for +20

Took AU same time +10 so far moved sl to +1

+30 and running
  • #476
  • Jun 13, 2011 8:04pm Jun 13, 2011 8:04pm
I am short Audusd 29+ and still going.I am short of time this week so I will do a few trades here and there.

Coming off the high of the trendline as Mtf stoch stepping down 29+ on hold looking for more.

Eurusd,gbpusd,and eurjpy moving with cad on the way.Usdchf sluggish but still tradable.

Alright lets go guys.....get em again after the pullback and do not give the profit back.Even if you have to exit no sweat because another setup right around the corner.
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  • #477
  • Jun 13, 2011 8:14pm Jun 13, 2011 8:14pm
Sorry here is chart
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  • #478
  • Jun 13, 2011 8:19pm Jun 13, 2011 8:19pm
Good everyone got in.Im out at 30 solid as market way oversold.See what happens after a pullback.Maybe a push lower but I will go were the market takes me.
  • #479
  • Jun 13, 2011 8:32pm Jun 13, 2011 8:32pm
Wanting to try this system, but I have loaded it on two different brokers and mt4 freezes up . Any suggestions or could somebody let me know which broker this works on for them.
  • #480
  • Jun 13, 2011 8:38pm Jun 13, 2011 8:38pm
Quoting Morigu
Wanting to try this system, but I have loaded it on two different brokers and mt4 freezes up . Any suggestions or could somebody let me know which broker this works on for them.
try forex.com
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