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"Katana Trading Strategy"

  • #141
  • Dec 21, 2011 4:26am Dec 21, 2011 4:26am
Quoting FOURX
Masashi

Nice method
Yes indeed, notice how price bounces around the xx25 xx50 xx75 xx00 levels and moves between them frequently.

Trending markets are easy, staying out of the market when it's not trendy that's the difficult bit.

As you can see many opportunities to trade when it's trending, and not many when it's ranging.
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  • #142
  • Dec 21, 2011 4:30am Dec 21, 2011 4:30am
As you can see, it is indeed possible to make money in this market.
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  • #143
  • Dec 21, 2011 4:55am Dec 21, 2011 4:55am
Quoting Musashi
Yes indeed, notice how price bounces around the xx25 xx50 xx75 xx00 levels and moves between them frequently.

Trending markets are easy, staying out of the market when it's not trendy that's the difficult bit.

As you can see many opportunities to trade when it's trending, and not many when it's ranging.

what indicators do you uses for filter ??
  • #144
  • Dec 21, 2011 4:57am Dec 21, 2011 4:57am
Quoting wallstreet03
what indicators do you uses for filter ??
Moving averages and stochastics....
  • #145
  • Dec 21, 2011 4:58am Dec 21, 2011 4:58am
Quoting Musashi
Moving averages and stochastics....
ok ! thank you ! you very good ! very very good !
  • #146
  • Dec 21, 2011 6:22am Dec 21, 2011 6:22am
Quoting wallstreet03
ok ! thank you ! you very good ! very very good !
Has anyone managed to figure out how to use stochastics as 1) to signal a pullback (2) to signal a continuation, both with the trend

Ive been trying out various different settings and I cant seem to get anything that is anywhere near accurate.

Cheers
Dan
  • #147
  • Dec 21, 2011 7:16am Dec 21, 2011 7:16am
could not resist taking this one for a quick 10 pips.
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  • #148
  • Dec 21, 2011 7:34am Dec 21, 2011 7:34am
Quoting Shanexx
could not resist taking this one for a quick 10 pips.
Attachment
Hi Shanexx, have you figured out how M uses his stochs for pullback and entry ?
  • #149
  • Dec 21, 2011 8:46am Dec 21, 2011 8:46am
Hi Dan
dont really use M's settings, came up with my own, but it matches pretty well. Just look for the trend, then make sure you have momentum to support the trend, wait for the pullback,wait for a bar that confirms a continuation of both trend and momentum. I enter on the break of that bar. If you know the retracementfinder indi use that instead of the stochs. Make it suite you not the other way around. Oh dont forget the momentum indi, you can use 8 for starters: sell<0>buy.
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  • #150
  • Dec 21, 2011 9:38am Dec 21, 2011 9:38am
Thanks for the reply shanexx. Any chance you could share you settings on your stochs ?
  • #151
  • Dec 21, 2011 10:15am Dec 21, 2011 10:15am
Quoting dan89
Thanks for the reply shanexx. Any chance you could share you settings on your stochs ?
Hi Dan
With pleasure, 200 & 8 the rest stays as is. Remember we are trading for the crumbs so you have to adapt.
  • #152
  • Dec 21, 2011 10:21am Dec 21, 2011 10:21am
Cheers

Ive just tried out those settings on a 10 pips range bar chart and im getting something very different to your charts


are you using %k = 200 %D = 8 Slowing = 8 ?
im also using Color Stochastic v1.02 ... unless yours is different ?

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  • #153
  • Dec 21, 2011 10:18pm Dec 21, 2011 10:18pm
Looking at EU from the overnight session for me, there was one trade which could of been taken after a pull back against the trend was identified using the stochastic, previous intraday resistance combined with the xx50 level, once price signalled the continuation, price moved to the next level in the market being the xx25 level.

Right at the moment prices haven't moved too much this asian session, and all indication is pointing to short side at this stage, just waiting to see how things go prior to european markets open.
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  • #154
  • Dec 21, 2011 11:58pm Dec 21, 2011 11:58pm
GU could well be going short... all pointing towards a good short this session..

Above xx75 not likely to be going short though..
  • #155
  • Dec 22, 2011 12:29am Dec 22, 2011 12:29am
EU retracing back up above moving averages, and showing some signs of a possible ranging market coming up this session.

Need a close below the moving averages and some red bars on the histogram. Otherwise no trading.
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  • #156
  • Dec 22, 2011 12:45am Dec 22, 2011 12:45am
Quoting dan89
Cheers

Ive just tried out those settings on a 10 pips range bar chart and im getting something very different to your charts


are you using %k = 200 %D = 8 Slowing = 8 ?
im also using Color Stochastic v1.02 ... unless yours is different ?

Attachment

Sorry about that I gave you the wrong settings. Here is a picture with old skool it should clear everything up. Sorry.

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  • #157
  • Dec 22, 2011 12:46am Dec 22, 2011 12:46am
Observe how price has responded to this xx75 level first as support then as resistance.

One of the things to identify on a chart when looking for possible entries for a trade.
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  • #158
  • Dec 22, 2011 12:49am Dec 22, 2011 12:49am
Quoting Shanexx
Sorry about that I gave you the wrong settings. Here is a picture with old skool it should clear everything up. Sorry.

Attachment
That's it mate, you've got the right idea.

  • #159
  • Dec 22, 2011 1:05am Dec 22, 2011 1:05am
Shorting as prices are going up, is generally not a good idea, it's best to wait until they start to go down before shorting.
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  • #160
  • Dec 22, 2011 1:35am Dec 22, 2011 1:35am
This is how you can be kept out of the market when it ranges... initally it looked like short side was the way to go, however after the first sign of a pull back presented against the trend, blue bars, there was no sign of continuation.
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