Kevinator 5m retracement-Live trading

hey, you are correct.usd/chf going down.
i have a question, so we don't need to look at H1 stoch? just take a trade that in H4 side(i mean H4 red, then we just looking for a short trade)?

Hi,

ther is only two (2) additional items I add/modified to the Kevin's original template.

1. THV4 TzPivotsD(Black) , this serves as pivot point, opening prices and Yesterday High/Low. Note : Prices will react to Pivot, S&R. As you can observe in my previous Chart EUR/USD react to S2 (it has become quadreple bottom ) Therefore, it safe to go for Long there.
-tested 4 times and couldn't break south.
2. I change to standard 5 mins candle to 8 pips Range Bar for better visual.

I can share you the template and indi but please ask Kevin permission.

Love

Miss Cute

Post your setup and tell them how to do it.

Hello Kevin,
only quick question. You are talking about live trades and post these live trades on demo account as you can see below. Perhaps i am wrong. Answer or just ignore this question...
BTW very interesting system! Thank you for sharing

Kindly regards

My earlier trade closed +4

Market has not moved south much,gave it some time but bailed now.

Will wait for next MOM north which may happen soon..

Hi Adji,

not quite, the system is based on 2 types of entry

MOM trades, this is based of the 4hr stoch, and is when the stoch is one way (eg down) and the price has retraced to the upper band, in such a case you take the first valid RF bar for short.

In such cases the hourly doesnt really matter as it is probably going the opposite way anyway because of the retracement, however at some point the hourly stoch should come back into line with your 4hr stoch.

the other entry is the short term trades (ie. band to band), in these trades the hourly stoch is important.

ideally for these trades you are looking to trade in the direction of the hourly stoch on the first RF bar from the opposite band - the closer you are to the target band the riskier the trade.

so example, Hourly stoch is long, you would be looking to enter a buy trade on the first RF bar for long that is close to the lower band, with an aim to take profit close to the upper band, which is why the closer you can enter to the lower band the safer your trade.

of course you could be in a short term trade (band to band) and then the 4hr stoch comes into line, in which case your short term trade has turned into a MOM trade (this is what happened with my USDCHF trade from earlier)

Hopefully this answers your question.

Regards, John

Prices have tendecy to react at Pivot, S & R Level. I notice price touches 3 times just below S2 and couldn't break it. ( assuming buying picking up cheap prices)

At point No. 3, I didn't buy yet, as the one hrs Stocs has not changes momentum upwards, patiently waiting for another pull back at point No. 4 for clearer entry.

Noted that the 4 hrs stocs level is higher than the previous, even tough price getting lower ( Divergence).

TrendCCE Red Histo is getting shorter, even tough price keep touching the same bottom (another divergence)

Finally, the TMA Band is pointing 2:00 o'clock. (upwards)

My target for TP is around S1 or when prices touches TMA and reverse (move inside the band).

This is the easiest entry I ever had. Invest bit time to observe how Kevin's system works, keep it simple, wait for valid set-up, clean entry and bank in your pips.

Just like Kevin said " a text Book" set-up and entry.

Thank You Kevin.

Love & Hugs

Miss Cute

I made this up for myself to help me mentally get my head around it. Maybe it can help others. Kevin, if I need to change anything on it let me know and I'll do it later tonight or tomorrow. Right now I'm heading off to my bar tending gig!

Hope all are well and making good pips,

Simple

USDCAD - short MOM trade (4hr down, 1hr currently up)

Trading Plan:- If 1hr remains up then I will close near to the bottom band, if 1hr comes into agreement then MOM trade is on

EDIT: didn't watch and forgot to remove my TP, so unable to trade as a MOM but +29.3 Pips banked

AU trade....

Long EUR/USD 1.41448. No chart

GBPUSD : MOM TRADE

EURUSD : MOM TRADE

nice one

Closed 2/3 @ +35

Stop to break-even on remaining 1/3

Let it ride..

I got out of that same Gbpusd trade with about 10 pips.

Then I entered the next gbpusd trade that was right around the corner and

now up 40pips on hold looking for more.Total of 225 pips for the day as of

now.Even if I would have lost 1 mom setup which I have not as of now it

would not be a problem.In fact typing on here I have missed many trades like

the Audusd trade.

Your right on track and if you had taken that chfjpy buy you would be up 25 right now.

Same thing with the sell of usdchf.You spotted the setup and if you would have executed you would be up 35.

Both of those trades would have yielded 60 pips.Good end of US session trades.That is what you would have called a good day in the past.You trade with us and it is just a light snack.

I have been evaluating your system, Kevinator. For most part it is profitable. The entry setup is good. However, it would still require money management. People here who have been complaining of their losses are the ones who don't know what to do if their trades go against them. For example, The stoch 240 min shows green. And so, he waits for the retracement to happen, and place a buy when the price hits the lower band. BUT what that person have forgotten is that their is also a "break point", which is when the new trend will develop. If that person doesn't have a plan on what to do if the market goes against him, he will always be the recipient of losses. Your system + money management= profitable trades.

Thanks,
forexforex