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  • #1,601
  • Jun 21, 2011 8:11am Jun 21, 2011 8:11am
Quoting duffy
Hi Dean

You're using the RF for entry of a MOM trade whereas Kevin does not.(Post # 1235 on page 83)

I thought the use of the RF was for the 1 hr scalp trades only.

On reading my own reference (above) again, I see that Kevin said that newbies should use the RF as a trigger to enter MOM trades.

The fact that you use it for entry must have proved a better option for your entry rather than entering at the TMA line. Is this correct?


Di
i am newbie.. ..

Kevin is maybe skillful enough at this to know how to get out of it fast when he does choose to get in early... i am not.. i may never be.. if you all's case is the same as me.. than wait and not jump the gun.. you get in a few pips later.. but on other hand saves one loss.. that's how i see it.. fits my personality better maybe.. I am not to far from the main core of the concept.. just a bit careful and knowing my own ability.

i escaped a sure -15 loss this time... and on the flip side of the coin on other instance.. i get in a little later and instead of banking +10 i may bank nothing and force to get out at BE.. or instead of banking +20 I bank +14.. but i take those odds.. bcz with my skill maybe if i jump the gun and it turns on me i will get hit big if the PA is too fast on me.


edit.. pending order set on G/U again at the close of the rf bar..
  • #1,602
  • Jun 21, 2011 8:22am Jun 21, 2011 8:22am
triggered now.. Live G/U short..

who bunch of signals came in... I got pending on e/u and e/j..

this trade is in a dangerous time on the edge of NYS.. could fall into silly spike... i took it anyways bcz it could go the other way too.. why waist a solid setup based on what if..
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  • #1,603
  • Jun 21, 2011 8:27am Jun 21, 2011 8:27am
Fair enough.

Thank you for taking the time to answer questions. If you want to understand someone's trading, you have to get inside their head, hence all the questions.

The one thing that jumps out to me about GBP/USD is that price is near a round number....1.6200. Would you take that into account for your deciding your entry or are you happy leaving it with a 2 pip buffer under the close of the RF candle close?


Di
  • #1,604
  • Jun 21, 2011 8:30am Jun 21, 2011 8:30am
e/u live...
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  • #1,605
  • Jun 21, 2011 8:34am Jun 21, 2011 8:34am
Quoting duffy
Fair enough.

Thank you for taking the time to answer questions. If you want to understand someone's trading, you have to get inside their head, hence all the questions.

The one thing that jumps out to me about GBP/USD is that price is near a round number....1.6200. Would you take that into account for your deciding your entry or are you happy leaving it with a 2 pip buffer under the close of the RF candle close?


Di
I for one.. do not give round numbers or s/r pivot or any of this any respect... i go with my setup and my game plan.. once the momentum is there and signals pass through my scanning its done and i look to manage the trigger and beyond with out caring about those bumps..
they all are there and meant to be broken at some point and time.

this is just me and my mentality folks... i answered since it was asked. do whats right for you guys..
  • #1,606
  • Jun 21, 2011 8:35am Jun 21, 2011 8:35am
good work , thanks

Quoting P.Dean
e/u live...
  • #1,607
  • Jun 21, 2011 8:36am Jun 21, 2011 8:36am
e/j Live...
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  • #1,608
  • Jun 21, 2011 8:44am Jun 21, 2011 8:44am
you all see.. i got three live ones going on...
on a direction less day such as today so far.. this valid setups get stuck sometimes and sl gets hit... but this is the reason why some people make +200 +300 pips a day.. bcz the habit is build already.. you see wining and on good days it pays off greatly and on bad days you lose some... but you practice the same good habit that you have already engraved inside of you.. and you'll come out ahead at the end.


the only way that this system or most systems fail, is when your not present for your own valid setup, regardless..


edit... holding all three still..
  • #1,609
  • Jun 21, 2011 8:46am Jun 21, 2011 8:46am
As per request from P.Dean an updated RF Finder

this one now sends alerts if either stochastic is in the direction of the retracement
it also fixes the bug in the previous version that was allways checking the stochastic EMA value for H/L instead of LWMA for C/C

now the settings are user definable.

P.S. I changed the name as there were too many different versions of 1-Retracement Finder

Regards, John
Attached File(s)
File Type: mq4 RF Double Stoch Alert.mq4   7 KB | 716 downloads
  • #1,610
  • Jun 21, 2011 8:49am Jun 21, 2011 8:49am
Quoting jmw1970
As per request from P.Dean an updated RF Finder

this one now sends alerts if either stochastic is in the direction of the retracement
it also fixes the bug in the previous version that was allways checking the stochastic EMA value for H/L instead of LWMA for C/C

now the settings are user definable.

P.S. I changed the name as there were too many different versions of 1-Retracement Finder

Regards, John
Thank you John... you are as good as gold.

appreciated.
  • #1,611
  • Jun 21, 2011 8:50am Jun 21, 2011 8:50am
Many thanks John for your great work for this thread.

Di
  • #1,612
  • Jun 21, 2011 8:53am Jun 21, 2011 8:53am
Quoting duffy
Fair enough.

The one thing that jumps out to me about GBP/USD is that price is near a round number....1.6200. Would you take that into account for your deciding your entry
Di
For everybody....

That's really a trader's discretion but at the same time you could add all these levels that could be in the area of the entry price:
.previous high/low
.fib level
.daily pivot/support/resistance level
.the list is endless
........

I'm a great believer of KISS (Keep It Simple Stupid) because the first thing that a lot of new(ish)-to-trading people will try to do is add this or that rule and make it more complicated than it needs to be although it's better to miss a trade because of an extra rule than enter a bad trade.

Here we have a fairly simple system provided by Kevin with straightforward(ish) rules so why not test the system using these said rules; that can be done live or paper trading, but if you use it AS IT IS at least you'll have an idea if it works, and if it works for you AND your personality (that's important too - not everybody has got the time nor the will to look at 5 minutes charts).

And if it works then and only then you can customise it to YOU: if you do it the other way round, more than likely you will end up trading a system that bears little relation to Kevin's original one.

Just my 2 cents/euro/pesos....
  • #1,613
  • Jun 21, 2011 8:56am Jun 21, 2011 8:56am
the overall market might get a bit more juicy when we have real clarification re Greece.
  • #1,614
  • Jun 21, 2011 9:00am Jun 21, 2011 9:00am
update on triple..

at the moment each are in -10 loss on a slight turn... you are faced with a decision.. you can cut your losses short and get out for -30 on three tries that could have each given you a minimum of +20 pips.. and you got a choice to stick with it and risk getting hit by the sl or catching the reaction to lower band..
I choose to hold..



edit.. all three sl hit.. do i care.. not much... i know i was present for my valid setup.. and that's the winning formula at the end.. next
  • #1,615
  • Jun 21, 2011 9:18am Jun 21, 2011 9:18am
Huh..Where is our Manager?

Not show face for 24hrs already....

Is he finding perfect way to trade for this system?
  • #1,616
  • Jun 21, 2011 9:34am Jun 21, 2011 9:34am
Quoting Android38
Huh..Where is our Manager?

Not show face for 24hrs already....

Is he finding perfect way to trade for this system?

your looking for something perfect?
  • #1,617
  • Jun 21, 2011 9:37am Jun 21, 2011 9:37am
Nope..Never have a perfect system..
Low DD is the most perfect system i think.
  • #1,618
  • Jun 21, 2011 9:53am Jun 21, 2011 9:53am
Quoting P.Dean
update on triple..

at the moment each are in -10 loss on a slight turn...
yeah, the news got in our way, darn had +8 but closed out at an easy -6

onward
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  • #1,619
  • Jun 21, 2011 10:37am Jun 21, 2011 10:37am
Hi,

I´m new in this forum writing but I have readed all of the kevinator sistem(I spend many days). I tried but only got looses.Where I´m wrong?I started lookin stochastic 4h and 1h. After that something change to look only the 4h. I thing somebody writedown about to look only the 1h and 5m. I don´t know but everything I tryed are loosers.What is the properly way?
Thanks for the help
  • #1,620
  • Jun 21, 2011 10:53am Jun 21, 2011 10:53am
Jose,
Maybe just try MOM trades to start. Read post 1235

hope that helps


Quoting kevinator
Hello

Do not be confused.What we are doing here is simple.

MOM=Momentum

We look to the 240 stoch which is the 4hr for overall trend direction.

We are trading the 5m chart with the majors minus usdjpy.We also trade eurjpy and sometimes gbpjpy.

If the 4hr stoch is going up we then look into the TMA channel.

Price should be going in the direction of the 4hr stoch.

When price pulls back to the lower channel we will enter a trade going in the direction of the 4hr trend.

So we are buying or selling pullbacks.Then a release of energy in the direction...
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