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"Katana Trading Strategy"

  • #61
  • Dec 16, 2011 6:46am Dec 16, 2011 6:46am
Been out tonight drinking, just got home and checked the charts, there was a valid long signal on EU which would of turned a profit no problem.
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  • #62
  • Dec 16, 2011 8:23am Dec 16, 2011 8:23am
hmm ... getting a little confused with these charts and the indicator entry singnals. M, can you have a look at this chart below and explain if the the first setup (1) was valid. If not what are the reasons why. As far as I can tell it seems like everthing (PA and indi's lineup). Whats the difference between setups 1 and 2 ?

Cheers
Dan

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  • #63
  • Dec 16, 2011 8:27am Dec 16, 2011 8:27am
Quoting dan89
hmm ... getting a little confused with these charts and the indicator entry singnals. M, can you have a look at this chart below and explain if the the first setup (1) was valid. If not what are the reasons why. As far as I can tell it seems like everthing (PA and indi's lineup). Whats the difference between setups 1 and 2 ?

Cheers
Dan

Attachment
No confusion there, if I was here I would of taken that trade, which would of resulted in a loss.
  • #64
  • Dec 16, 2011 8:29am Dec 16, 2011 8:29am
This is exactly how it would of looked..
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  • #65
  • Dec 16, 2011 8:49am Dec 16, 2011 8:49am
This retracement just too deep, no trading...
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  • #66
  • Dec 16, 2011 8:55am Dec 16, 2011 8:55am
Quoting Musashi
This retracement just too deep, no trading...
Can you explain this please?
The Market pays you to be disciplined
  • #67
  • Dec 16, 2011 2:25pm Dec 16, 2011 2:25pm
Quoting mima
Can you explain this please?
Just means that price pulled back and move below the moving averages, making any continuation signals that occur non trades.
Attached Image (click to enlarge)
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  • #68
  • Edited 8:18pm Dec 16, 2011 7:38pm | Edited 8:18pm
Quoting dan89
hmm ... getting a little confused with these charts and the indicator entry singnals. M, can you have a look at this chart below and explain if the the first setup (1) was valid. If not what are the reasons why. As far as I can tell it seems like everthing (PA and indi's lineup). Whats the difference between setups 1 and 2 ?

Cheers
Dan

Attachment
Hi Dan89,

the green indicator you are referring to, i think are not entry signals, but they show M if the MAs he is using are in the right order, just a thought, not sure, but since he uses same colored MAs, he needs something to tell him if they r in the right order. I think to trade the retracements, even the stoch is not needed here.., just pure price action would be enough
  • #69
  • Dec 16, 2011 10:29pm Dec 16, 2011 10:29pm
Hi Musashi,

Could you post a template of your system so we can follow you're trades as they happen?

Ian
Island hopping throughout the Caribbean
  • #70
  • Dec 17, 2011 3:18am Dec 17, 2011 3:18am
Hi Musashi..,

Congratulations.., i can only say that. I've seen only another person who used to speak with results and would allow others towards self-discovery.
  • #71
  • Dec 17, 2011 6:13am Dec 17, 2011 6:13am
Quoting paapi
Hi Musashi..,

Congratulations.., i can only say that. I've seen only another person who used to speak with results and would allow others towards self-discovery.
I'm sharing my charts, but I'm sharing much more than just that, I'm sharing my thoughts as well, there is more to trading than indicators on a chart, I would like to write a comprehensive guide one day, however you must keep in mind that there are many people out there who would take such information and profit by selling it.

Hence my reluctance to provide detailed instructions. You make the point that trading the retracements can be done using price action alone, which I agree it can, support and resistance levels in the market combined with price levels are great areas where price will react.
  • #72
  • Dec 17, 2011 6:47am Dec 17, 2011 6:47am
Quoting Musashi
I'm sharing my charts, but I'm sharing much more than just that, I'm sharing my thoughts as well, there is more to trading than indicators on a chart, I would like to write a comprehensive guide one day, however you must keep in mind that there are many people out there who would take such information and profit by selling it.

Hence my reluctance to provide detailed instructions. You make the point that trading the retracements can be done using price action alone, which I agree it can, support and resistance levels in the market combined with...
Hi Musashi...,

Yeah it is like trying to listen to the "one-hand clap". You are a wise man.., hope to receive more wiser things from you
  • #73
  • Dec 17, 2011 7:20am Dec 17, 2011 7:20am
hey, nice thread, can you post a template? I would like to have my charts the same as you have! Greets
  • #74
  • Edited 1:00pm Dec 17, 2011 12:47pm | Edited 1:00pm
Quoting Robst3r
hey, nice thread, can you post a template? I would like to have my charts the same as you have! Greets
Quote
Hi Musashi,

Could you post a template of your system so we can follow you're trades as they happen?

Ian

Guys, M is unlikey to just post up his template for reasons he has given already. Read his posts from the start and you will find that he has given plenty of information that will allow you to figure out what he is doing/looking at.
  • #75
  • Dec 17, 2011 12:50pm Dec 17, 2011 12:50pm
Quoting Musashi
No confusion there, if I was here I would of taken that trade, which would of resulted in a loss.
Thanks for the reply At least I know im looking at the charts in a similar way
  • #76
  • Edited Dec 18, 2011 2:30am Dec 17, 2011 5:24pm | Edited Dec 18, 2011 2:30am
Mushashi

Very interesting thread,

Myself until last week I was trading with psychological levels and range bars, I did experiment range bar from 3 to 15, because I wanted to avoid the choppy markets that were bringing me losses. I think the idea to use the 3 emas would be good to avoid certain markets. I will try to experiment with different emas.

The other problem I found was that often prices would go further than the next psychological level and I would miss to pocket at least another 25 pips when TP was set. Not sure what can be done about that, maybe you can articulate if you like.
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  • #77
  • Dec 18, 2011 4:30pm Dec 18, 2011 4:30pm
Good thread Musashi - thanks.

I won't ask you to provide your template ect. - but on looking at the reaction of price around even numbers - it appears to be as helpfull if not more helpfull than my MTF Pivot Points Indy.

Could someone (or Musashi) please post an indy which will create lines at even numbers.
Enter Signature
  • #78
  • Dec 18, 2011 4:40pm Dec 18, 2011 4:40pm
Quoting Sarythsaya
Good thread Musashi - thanks.

I won't ask you to provide your template ect. - but on looking at the reaction of price around even numbers - it appears to be as helpfull if not more helpfull than my MTF Pivot Points Indy.

Could someone (or Musashi) please post an indy which will create lines at even numbers.
http://www.forexfactory.com/showthre...482#post184482

This will most likely do what you need, and yes you can quite obviously see how price reacts at those levels. Very good area to look at price for entry and exits.
  • #79
  • Dec 19, 2011 1:43am Dec 19, 2011 1:43am
That's a sell on EU, setting SL to 1.30214 TP at 1.2980
  • #80
  • Dec 19, 2011 2:03am Dec 19, 2011 2:03am
Quoting Musashi
That's a sell on EU, setting SL to 1.30214 TP at 1.2980
Wouldn't you take TP at 1.30, the next level?
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