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Kevinator 5m retracement-Live trading

  • #2,281
  • Jul 20, 2011 2:32am Jul 20, 2011 2:32am
Quoting kola8701
Just woke up and took a quick scan thru the five pairs that i trade and entered just 2, im no master at this, just learning like any other person.
kola,
your entry is a bit late on G/U. try to depend less on the indicators and pay more attention to the PA reaction to the band.. if you got a neutral or favorable band, you don't wanna get in late..
obviously it worked out this time but its markets evil way of and giving you a sweet taste only to burn you many other times.
I took this trade on the close of the 1st red candle slightly below the tma band.

just trying to help.. you may disregard everything above.


Dean
  • #2,282
  • Jul 20, 2011 2:53am Jul 20, 2011 2:53am
Quoting P.Dean
kola,

just trying to help.. you may disregard everything above.

Dean
I'll look into that, i need all the help i can get.
btw i took 25 on gu and im setting my stop to -5pips on usdchf since im leaving the house, will try come back for NY session.
Attached Image (click to enlarge)
Click to Enlarge Name: uchf.gif Size: 18 KB
keep it movin'
  • #2,283
  • Jul 20, 2011 3:00am Jul 20, 2011 3:00am
Quoting kola8701
I'll look into that, i need all the help i can get.
btw i took 25 on gu and im setting my stop to -5pips on usdchf since im leaving the house, will try come back for NY session.

nice job on banking and lowering the risk.

the only reason i allowed myself to make comments it's bcz i see in your trades you disregard one of the most important things.. and that is.. ignoring the band.. OB/OS issue which is the cornerstone of this method and in trading in general..
your goal is to get on sell when is most over bought on a neutral or favorable band and vise verse and set you eyes and heart firstly on banking at opposite band PA reaction.. if it don't break it strong.. bank the +10/+15.. but if you get in late or on the bottom of the band than the risk too high for a possible reward.

I hope it make sense.
  • #2,284
  • Jul 20, 2011 9:09pm Jul 20, 2011 9:09pm
Nice of you to share this chart. Sweet trade! May i ask what trading room you got this trade from or where I can learn about this method? Me? Im just an old stock trader who is hoping to make a transition to the slower longer time frames of Forex so I dont get high blood pressure. -) I could use a good trading room that lets the attendees actually talk to each other as well. Know of a good room with real pro's behind it. You seem like a pro yourself, that's why I ask.

thanks,
Marc


Quoting Android38
I'm doing back test on EURUSD for this system.

Blue vertical line is MOM trade
Red vertical line is scalper trade

1 lose out of 15 trade = 93% of profitable % with 7% drawdown
Android,



Total 405 pips green pips on 1.5 days times

Wow!!! Amazing right?

So far the most profitable and consistent manual system in FF trade so far

Try out your own back test on difference pair.

Need Kevin's comment on red and blue line that i draw..is it follow the correct rules?

Attachment
  • #2,285
  • Jul 20, 2011 10:30pm Jul 20, 2011 10:30pm
http://content.screencast.com/users/...07-21_1029.png
  • #2,286
  • Jul 20, 2011 11:36pm Jul 20, 2011 11:36pm
Hi

It's a great looking chart all right.......one that people dream about, but that is what it was...........all a dream The indicators that Android38 was using at the time to backtest, re-paint, so it shows a picture of a chart that wasn't the one seen in real time.................sad, but true.

Now, thanks to jmw1970, there is a TMA True indicator available, along with others that don't re-paint.

If you are looking for a "transition to the slower longer time frames of Forex so I dont get high blood pressure. -)" you won't find it here in a thread that is discussing a method on 5 minute charts. You will however find lots of helpful info on various FF threads.

Best wishes for your transition to forex.

Sorry to burst the bubble.


Di

(Dean, if you read this, it was great to see you in here again being helpful as ever.)
  • #2,287
  • Jul 21, 2011 12:34am Jul 21, 2011 12:34am
Quoting goldenspring
http://content.screencast.com/users/...07-21_1029.png
closed at +7
  • #2,288
  • Jul 21, 2011 2:18am Jul 21, 2011 2:18am
Just woke up and scanned through all the pairs that i trade, all the pairs seems to have moved already and i dont seem to see anywhere to jump in for now, but im looking at au, uc, if you notice the au is signaling sell (4hr stoch) but i dont take such set up coz of the tma slightly moving upward showing buy, i would rather wait for it to move sideways first or something, atleast thats how i look at it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au.gif Size: 17 KB
Click to Enlarge Name: uc.gif Size: 17 KB
keep it movin'
  • #2,289
  • Edited 2:55am Jul 21, 2011 2:30am | Edited 2:55am
Hi,
I do some live trading today..

short on e/u live... looking for a lower band crush.. if not i bank what i can around +10/+15..


(thanks for the nice words duffy)


edit.. out for +8... damn thing made a quick touch bounce..
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 48 KB
  • #2,290
  • Edited 9:41am Jul 21, 2011 2:36am | Edited 9:41am
I hope im not posting too many charts already and not mislead anybody here, contribution is 100% accepted.

I might have entered late though.

ps: just added eu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au.gif Size: 18 KB
Click to Enlarge Name: uc.gif Size: 18 KB
Click to Enlarge Name: eu.gif Size: 19 KB
keep it movin'
  • #2,291
  • Jul 21, 2011 2:43am Jul 21, 2011 2:43am
Quoting kola8701
I hope im not posting too many charts already and mislead anybody here, contribution is 100% accepted.

I might have entered late though.
yep kola.. your entry is way too late.. if your gonna get on such trades it's vital to get in much earlier (on the second bear candle)..

for everyone..
I would recommend to avoid entering post mid band unless you got over +10 room possible profit..

nice to be active and involve in most setups though kola.. this is a good quality as trader to not be scared to pull the trigger.
  • #2,292
  • Jul 21, 2011 2:49am Jul 21, 2011 2:49am
Quoting P.Dean
yep kola.. your entry is way too late.. if your gonna get on such trades it's vital to get in much earlier (on the second bear candle)..

for everyone..
I would recommend to avoid entering post mid band unless you got over +10 room possible profit..

nice to be active and involve in most setups though kola.. this is a good quality as trader to not be scared to pull the trigger.
I'll put that in mind. thanks.
keep it movin'
  • #2,293
  • Jul 21, 2011 2:56am Jul 21, 2011 2:56am
Quoting P.Dean
Hi,
I do some live trading today..

short on e/u live... looking for a lower band crush.. if not i bank what i can around +10/+15..


(thanks for the nice words duffy)


edit.. out for +8... damn thing made a quick touch bounce..
ok as you all see i got cheated out of a extra 20pips profit... but i had a good reason for it..
as you see in the charts... my bet was against the trend (red line) as a reversal trade... so in such cases if i don't see a immediate strong band break and instead a quick bounce off the band.. i go for the bank rather than waiting.. so i take the +8 over a -10 anytime in such situations.
its all about your plan of your trading and not what market will do or don't, controlling the situation and get controlled.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 50 KB
  • #2,294
  • Jul 21, 2011 3:10am Jul 21, 2011 3:10am
long on GU live... (not the most ideal entry).. lets see if it breaks the top..
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 48 KB
  • #2,295
  • Edited 3:30am Jul 21, 2011 3:13am | Edited 3:30am
long on AU live..


edit.... out for -9
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 54 KB
  • #2,296
  • Jul 21, 2011 3:22am Jul 21, 2011 3:22am
Quoting P.Dean
long on GU live... (not the most ideal entry).. lets see if it breaks the top..
too wishy washy out at a few seconds after the snap shot for pretty much breakeven.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 48 KB
  • #2,297
  • Jul 21, 2011 3:23am Jul 21, 2011 3:23am
Quoting P.Dean
long on AU live..
Hi Dean,

in your trade, AU 4h Stoc is red (pointing down), would you mind to tell me why did you go long?

Thanks,

Kin
  • #2,298
  • Jul 21, 2011 3:27am Jul 21, 2011 3:27am
Quoting goldenspring
Hi Dean,

in your trade, AU 4h Stoc is red (pointing down), would you mind to tell me why did you go long?

Thanks,

Kin
sure..
I pretty much disregard the stoach when the pair is in a range PA (60pips up to date for the day).. I just basically play the band.. get in with OB/OS of the band..

over 80 pips in one direction or a extreme striking band look alike if under that range.. to me is a trendish 5m chart..
  • #2,299
  • Jul 21, 2011 3:33am Jul 21, 2011 3:33am
you all saw what GU did... sling shot up for mass.. lol

the damn pair is always in it's own world..

np.. get'em the next time..
  • #2,300
  • Jul 21, 2011 9:16am Jul 21, 2011 9:16am
I exited all my trade today for 10pips each since i was leaving the house and i didn't want to just set and forget, all would have gotten to my 25pips target, its okay though.

P Dean, you are trying using less stop, mine is usually 15-20pips for gu,eu,uchf, and 10-16pips for uc,au but after the market move in my favor, i try to reduce risk as i deem fit.
keep it movin'
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