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"Katana Trading Strategy"

  • #41
  • Dec 15, 2011 1:42am Dec 15, 2011 1:42am
Starting to show signs of a trend now... so next step is to wait for a retracement...
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  • #42
  • Dec 15, 2011 2:36am Dec 15, 2011 2:36am
Well the retracement has happened, jsut waiting to see if can get a continuation signal here...
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  • #43
  • Dec 15, 2011 2:48am Dec 15, 2011 2:48am
If this next bar closes down it will be a short signal... if closes above these moving averages then no short trade...
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  • #44
  • Dec 15, 2011 2:55am Dec 15, 2011 2:55am
No trade on that retracement.. as there is no continuation signal.

Sideways trending market and still no trade signal... system is doing what it is supposed to do..
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  • #45
  • Dec 15, 2011 3:00am Dec 15, 2011 3:00am
GU is showing some decent movement on the chart, I will keep an eye on this one for a possible retracement...

There was a continuation signal on this chart however price retraced past the moving averages making it a non signal.
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  • #46
  • Dec 15, 2011 4:04am Dec 15, 2011 4:04am
Hi Musashi, would it be possible to post a template or at the very least your indies, so we can contribute to this thread please, otherwise it's very much like a journal. I mean no disrespect but I'm sure there more people than just myself who would appreciate your system being hands on.

Pete
  • #47
  • Dec 15, 2011 4:04am Dec 15, 2011 4:04am
Not alot happening on EU at the moment... no trades for tdoay, I'll check the chart in the morning to see if there were any trades for the rest of the day....
  • #48
  • Dec 15, 2011 4:11am Dec 15, 2011 4:11am
Quoting pedross
Hi Musashi, would it be possible to post a template or at the very least your indies, so we can contribute to this thread please, otherwise it's very much like a journal. I mean no disrespect but I'm sure there more people than just myself who would appreciate your system being hands on.

Pete
Yes you are right, I will have to get back to you on this one. Right now it's bed time.
  • #49
  • Edited 5:01am Dec 15, 2011 4:50am | Edited 5:01am
Quoting pedross
Hi Musashi, would it be possible to post a template or at the very least your indies, so we can contribute to this thread please, otherwise it's very much like a journal. I mean no disrespect but I'm sure there more people than just myself who would appreciate your system being hands on.

Pete
If you read his posts and charts you can see that M's method is quite simple. He's basically playing the pullbacks WITH the trend.

The trend is identified using 3 different moving averages. It doesnt really matter which ones - e.g. use 50, 100, 200. When price is above all 3 and the ma's are pointing up + nice seperation then long trades only. Vice versa for short trades.

As for pullbacks, you use stochs to indentify if it is actually a pullback or not. If trend is down (below ma's) then look for a pullback and check that the stochs has pullbacked into the +80 level. Again the settings are not that important. Just stick on any stochs and play with the settings untill you find one that identifies pullbacks with price action against the lowest ma.

Above all, look at price action. Indentify obvious sup/res levels (this includes xx00, xx50 levels) and use these levels in combination with the above to look for entry points and exit levels.

Please note that I myself am not a successfull trader yet, I am just giving my opinion on what I think M's method is about. M will correct me if Im wrong.

I dont think he wants to provide a template or specific settings because someone will create an ea out of it. Im sure M does not take cetain trades even when his 'system' indicates to do so. This is one of the problems with ea's and can only be solved with experience and chart time.

Just my opinion though

Dan
  • #50
  • Dec 15, 2011 10:53am Dec 15, 2011 10:53am
GU did give a signal for a continuation, however price was below the moving averages at the time of the signal, making it a non signal.

When the market does in fact trend sideways like EU did do today, having a strategy to keep you out of the market is always a good thing, because on those days when the market does indeed give a trend, you will be making money.
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  • #51
  • Dec 15, 2011 10:59am Dec 15, 2011 10:59am
Sideways trading day.... compared to a trending day...

Identify a way to avoid trading on days when it's trending sideways and trade on those days when it's trending and then you will become a much more consistent trader.
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  • #52
  • Dec 15, 2011 11:03am Dec 15, 2011 11:03am
Quoting dan89
If you read his posts and charts you can see that M's method is quite simple. He's basically playing the pullbacks WITH the trend.

The trend is identified using 3 different moving averages. It doesnt really matter which ones - e.g. use 50, 100, 200. When price is above all 3 and the ma's are pointing up + nice seperation then long trades only. Vice versa for short trades.

As for pullbacks, you use stochs to indentify if it is actually a pullback or not. If trend is down (below ma's) then look for a pullback and check that the stochs has pullbacked...
You are very spot on Dan, those that want to actually learn how to trade will put the time and effort required into understanding how price moves and the reason for what makes it move.

You will get some losses on days when the market doesn't trend, cannot be avoided, using correct money management and SL : TP ratios it is indeed possible to be profitable.

I'm putting my own time and effort into showing how to trade using a very simple strategy. You have given a brief summary of what the logic behind the strategy is. Once you understand the logic behind the strategy it's quite easy to build.
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  • #53
  • Dec 15, 2011 11:21am Dec 15, 2011 11:21am
hi nice system. why dont you add different pairs since its a slower system. you are guaranteed to then get 1 pair that trends at least.

there is a similar system on FF of course every system depends on the user - nexas intraday bar he uses 4 and 8 rg chart and moving averages also.

basically u need a clear valid trend, identified by MAs, and price relative to them, and wait for retrace(but not too much) and candlestick continuation.
  • #54
  • Dec 15, 2011 12:32pm Dec 15, 2011 12:32pm
Hi M, Just having a look at your charts. I was wondering if you could explain what made you stay out of the market in the areas indicated below on one of your charts ? The retracements seem valid to me.

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Cheers
Dan
  • #55
  • Dec 15, 2011 8:42pm Dec 15, 2011 8:42pm
Quoting dan89
Hi M, Just having a look at your charts. I was wondering if you could explain what made you stay out of the market in the areas indicated below on one of your charts ? The retracements seem valid to me.

Attachment

Cheers
Dan
Yes you have a good eye for possible trades. Those price bars bouncing off of that xx00 level combined with a previous resistance level is what I look at when trading price alone without indicators.
  • #56
  • Dec 15, 2011 9:26pm Dec 15, 2011 9:26pm
Hi Musashi,


Can you post the indicators and templates if possible.

Thanks.
  • #57
  • Dec 15, 2011 9:40pm Dec 15, 2011 9:40pm
Getting a nice pull back against a possible trending scenario happening right now on EU... this is looking like a good set up possibly coming...
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  • #58
  • Dec 15, 2011 9:43pm Dec 15, 2011 9:43pm
GU showing some nice trending action as well
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  • #59
  • Dec 15, 2011 10:48pm Dec 15, 2011 10:48pm
Got a pull back signal, now just the continuation signal and it's a long...
Attached Image (click to enlarge)
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  • #60
  • Dec 16, 2011 3:13am Dec 16, 2011 3:13am
Quoting Musashi
Yes you have a good eye for possible trades. Those price bars bouncing off of that xx00 level combined with a previous resistance level is what I look at when trading price alone without indicators.
Hi M, actually I was looking at the indicators on that chart of yours and it seems the indicators lined up with price. Thats what im confused about .. ?
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