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Kevinator 5m retracement-Live trading

  • #1,921
  • Edited 12:37pm Jun 27, 2011 11:59am | Edited 12:37pm
Nothing special got in (shorted) - waited 20 minutes and finally exit at BE since no action is present. No loss no win. Could have taken 2 pips but missed by 10 seconds after exit.

LOL.


EDIT: Daaang it moved ... aghhhh! Could have profit from this... oh well!


Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jun. 27 18.40.gif Size: 23 KB
  • #1,922
  • Jun 27, 2011 1:42pm Jun 27, 2011 1:42pm
Can anyone point me to the post, or explain the criteria that triggers the different types of alert. I know they are a heads up, I just want to know the criteria that causes the alert to trigger...
Thanks!
  • #1,923
  • Jun 27, 2011 1:50pm Jun 27, 2011 1:50pm
havnt had a chance to trade this yet but looks like if you only traded on the pull backs that went past all the tms line on eur/usd today and went long with the 4hr and 1 hr stochs working together you would have made a ton of pips! just wish i cld get a day off from work to trade it as this system looks great. The problem i see from reading peoples posts is that they are trading every move. just wait for the best set ups. on eur/usd alone you cld get 2-3 perfect set ups a day.
  • #1,924
  • Jun 27, 2011 1:56pm Jun 27, 2011 1:56pm
Quoting iak
havnt had a chance to trade this yet but looks like if you only traded on the pull backs that went past all the tms line on eur/usd today and went long with the 4hr and 1 hr stochs working together you would have made a ton of pips! just wish i cld get a day off from work to trade it as this system looks great. The problem i see from reading peoples posts is that they are trading every move. just wait for the best set ups. on eur/usd alone you cld get 2-3 perfect set ups a day.
in hindsight yes!!
but in real time no!
i been trading the eur usd all day on this system not once did it touch opposite tma with the 4 hr stoch in agrrement let alone the 1hr, yes a little while later i look back and it touched the opposite tma loads of times making it look like ive missed out on loads of pips, but the repainting is misleading.
  • #1,925
  • Jun 27, 2011 1:59pm Jun 27, 2011 1:59pm
Quoting deankenny21
in hindsight yes!!
but in real time no!
i been trading the eur usd all day on this system not once did it touch opposite tma with the 4 hr stoch in agrrement let alone the 1hr, yes a little while later i look back and it touched the opposite tma loads of times making it look like ive missed out on loads of pips, but the repainting is misleading.
Ahh, I see. will take note. need to spend a day at home watching in real time. Is this working for anyone other than kevin then?
  • #1,926
  • Jun 27, 2011 2:00pm Jun 27, 2011 2:00pm
Quoting iak
Ahh, I see. will take note. need to spend a day at home watching in real time. Is this working for anyone other than kevin then?
not for me unfortunately, i got a few good trades but im down overall, i can see the potential thought mixing it with a little PA etc, but kevin said, leave it AS IS!! and it will work, so thats what i did and am doing
  • #1,927
  • Jun 27, 2011 2:02pm Jun 27, 2011 2:02pm
Quoting deankenny21
not for me unfortunately, i got a few good trades but im down overall, i can see the potential thought mixing it with a little PA etc, but kevin said, leave it AS IS!! and it will work, so thats what i did and am doing
We need Kevin to return and help us through this
  • #1,928
  • Jun 27, 2011 2:11pm Jun 27, 2011 2:11pm
Hi

for note, there was only ONE valid MOM trade on EURUSD today

below is marked (THIS IS WITH NON-REPAINTING INDICATORS)

Range of movement was 100 pips (unfortunately I got stuck doing housework and missed it)





Quoting deankenny21
in hindsight yes!!
but in real time no!
i been trading the eur usd all day on this system not once did it touch opposite tma with the 4 hr stoch in agrrement let alone the 1hr, yes a little while later i look back and it touched the opposite tma loads of times making it look like ive missed out on loads of pips, but the repainting is misleading.
Attached Image (click to enlarge)
Click to Enlarge Name: eunow.gif Size: 38 KB
  • #1,929
  • Jun 27, 2011 2:22pm Jun 27, 2011 2:22pm
Quoting jmw1970
Hi

for note, there was only ONE valid MOM trade on EURUSD today

below is marked (THIS IS WITH NON-REPAINTING INDICATORS)

Range of movement was 100 pips (unfortunately I got stuck doing housework and missed it)
i missed that one too
  • #1,930
  • Jun 27, 2011 3:11pm Jun 27, 2011 3:11pm
Quoting jmw1970
Hi

for note, there was only ONE valid MOM trade on EURUSD today

below is marked (THIS IS WITH NON-REPAINTING INDICATORS)

Range of movement was 100 pips (unfortunately I got stuck doing housework and missed it)
Could you possibly make the TMA true have the distance numbers in it thanks. Actually just noticed you already have done it on your is there anyway I could get the TMA and the Ultra stoch from you. I like the way your charts setup is thanks again.
  • #1,931
  • Jun 27, 2011 4:02pm Jun 27, 2011 4:02pm
Hi Turboguru

TMA True with Distances attached.

The different range of "!Ultra" indicators can be downloaded from the Project Ultra thread (in platform tech - link is at the bottom of this post)

Regards
John


Quoting turboguru
Could you possibly make the TMA true have the distance numbers in it thanks. Actually just noticed you already have done it on your is there anyway I could get the TMA and the Ultra stoch from you. I like the way your charts setup is thanks again.
Attached File(s)
File Type: mq4 TmaTrue with Distances.mq4   9 KB | 481 downloads
  • #1,932
  • Jun 27, 2011 4:19pm Jun 27, 2011 4:19pm
Quoting jmw1970
Hi Turboguru

TMA True with Distances attached.

The different range of "!Ultra" indicators can be downloaded from the Project Ultra thread (in platform tech - link is at the bottom of this post)

Regards
John
Thank you
  • #1,933
  • Jun 27, 2011 5:02pm Jun 27, 2011 5:02pm
Quoting deankenny21
not for me unfortunately, i got a few good trades but im down overall, i can see the potential thought mixing it with a little PA etc, but kevin said, leave it AS IS!! and it will work, so thats what i did and am doing
It's VERY rare to find a straight up technical system that works great as a stand alone system, think about it for a minute - what if our system is giving us an alert to buy right in an area where "the big boys" are unloading their inventory, who's going to win that trade - your $20 or their $20M ?


If you do learn some price action (most importantly supply/demand) then you will be able to see where the pros have a lot of orders in (just waiting) to buy or sell at certain levels. Then you can position yourself in the right direction and scalp all day long with this awesome short-term market timing system.

That's my approach and it's going great, I'm really pleased with this method's ability to time and show exactly where the entrances and exits are.

To learn the supply and demand, I recommend to watch all of these webinars and study them, it will pay off big.

http://www.fxstreet.com/search/contr...1-e9bf77216d2f

cheers
  • #1,934
  • Jun 27, 2011 5:39pm Jun 27, 2011 5:39pm
Quoting happyhappy
It's VERY rare to find a straight up technical system that works great as a stand alone system, think about it for a minute - what if our system is giving us an alert to buy right in an area where "the big boys" are unloading their inventory, who's going to win that trade - your $20 or their $20M ?


If you do learn some price action (most importantly supply/demand) then you will be able to see where the pros have a lot of orders in (just waiting) to buy or sell at certain levels. Then you can position yourself in the right direction and scalp...
sorry what are you basically saying here, that this kevnator system is or is not good for what you just said?
  • #1,935
  • Jun 27, 2011 6:01pm Jun 27, 2011 6:01pm
If you read what I said again, I think it's articulated pretty well.

Most people are looking for forex easy millions, , go find a professional who trades for a living and ask if he uses a "blind technical method" to trade.

I'm sure it's possible to trade a pure technical method with success, if you find a strategy that works like this please pm me as I would love to see it.

Personally I would rather kill the markets by knowing how it really works then have all the ups and downs trading "blind". If it works great blind, then let's make an ea.
  • #1,936
  • Jun 27, 2011 6:49pm Jun 27, 2011 6:49pm
Don't you guys trade the Tokyo Session?
With God all things are possible.
  • #1,937
  • Jun 27, 2011 6:51pm Jun 27, 2011 6:51pm
Quoting Dehyah
Don't you guys trade the Tokyo Session?
i do
  • #1,938
  • Jun 27, 2011 6:53pm Jun 27, 2011 6:53pm
Quoting Dehyah
Don't you guys trade the Tokyo Session?
I wouldn't touch the Tokyo Session unless there was High Impact news on the day, and even then, I would REALLY be careful!

But that's just me
  • #1,939
  • Jun 27, 2011 7:11pm Jun 27, 2011 7:11pm
Hi HappyHappy/All

just watched a few of the webinars, one that was VERY interesting when combined with this method is the one on CCI & Stochastics.

In the original rules of this method we enter on after the first bar in the Retrace Finder in the direction of our trade, ie. for long the first bar where the CCI was greater than 0, for short the first bar where the CCI was less than 0

In the webinar he mentions using CCI & Stochs (either one works) and using the "turn" (although it is easier to see on the stochs as you also have the signal line)

This combats the problem I have often found that by the time the CCI confirms the trade, the price is often past the mid-line which makes for a riskier trade.

However the important point to note is, that it is very important which OB/OS signals to take (he uses +100/-100 for OB/OS on CCI)

so in this method for MOM trades if the 4hr stoch is up, then you only take OS signals, 4hr stoch down only take OB signals.

As I have non-repainting versions of all indicators I have visually looked and the signals generated are usually 1 to 2 candles earlier, which means
a) less problems with the mid-line
b) reduced risk on SL as you are entering sooner after the swing low/high

As it's quite late here, will be running thru a full forward test tomorrow for MOM trades only.

I will post a report on my findings (as the only true method of testing is forward testing)

Best Regards
John

Quoting happyhappy
To learn the supply and demand, I recommend to watch all of these webinars and study them, it will pay off big.

http://www.fxstreet.com/search/contr...1-e9bf77216d2f

cheers
  • #1,940
  • Jun 27, 2011 7:19pm Jun 27, 2011 7:19pm
Quoting jmw1970
Hi HappyHappy/All

just watched a few of the webinars, one that was VERY interesting when combined with this method is the one on CCI & Stochastics.

In the original rules of this method we enter on after the first bar in the Retrace Finder in the direction of our trade, ie. for long the first bar where the CCI was greater than 0, for short the first bar where the CCI was less than 0

In the webinar he mentions using CCI & Stochs (either one works) and using the "turn" (although it is easier to see on the stochs as you also have the signal...
i look forward to your findings, and appreciate the time and effort your willing to spend forward testing while also sharing with others
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