"Katana Trading Strategy" | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 46 replies

Dealing with "Invalid Price", "Requote", "Server Busy" in MT4 3 replies

Function of "trading at certain hours" strategy 1 reply

It’s our job to trade "Futures" not "Histories", by Joe Ross 7 replies

"Bagovino Method" VS "Cornflower Hourly System" 16 replies

Attachments: "Katana Trading Strategy"
Exit Attachments

"Katana Trading Strategy"

  • #161
  • Dec 22, 2011 4:48am Dec 22, 2011 4:48am
Ranging day... prices starting to show signs of a down move here...

Caution required though, see what happens if price retraces back up to xx75 on EU.

Appears sellers are about though...
  • #162
  • Dec 22, 2011 5:03am Dec 22, 2011 5:03am
Quoting Musashi
Ranging day... prices starting to show signs of a down move here...

Caution required though, see what happens if price retraces back up to xx75 on EU.

Appears sellers are about though...

why don't see the level XX50 ?
  • #163
  • Dec 22, 2011 5:11am Dec 22, 2011 5:11am
Quoting wallstreet03
why don't see the level XX50 ?
Yea it's stopping at that level and previous support level there, intraday reversal since prices couldn't hold the highs, rejection off of the xx75 level indicating a possible move down.

Prices below moving averages and they've crossed down. All indication is pointing down, just waiting for some more confirmation and rejection at this level.
  • #164
  • Dec 22, 2011 5:24am Dec 22, 2011 5:24am
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
Cheers mate, Are those stoch settings (100,3,3) and (5,3,3) the same ones you use for the color stochastic bars. I seem to still be getting different results, especially the bottom one.
Attached Image (click to enlarge)
Click to Enlarge Name: 22-12-2011 11-22-46.png Size: 12 KB
  • #165
  • Dec 22, 2011 5:54am Dec 22, 2011 5:54am
Quoting dan89
Cheers mate, Are those stoch settings (100,3,3) and (5,3,3) the same ones you use for the color stochastic bars. I seem to still be getting different results, especially the bottom one.
I have no clue why its doing that. See what happens when you check it against the old skool. I dont see a broker feed prob your bars are the same as mine - South African time zone. I'll try and see what happens if I use a different broker.
  • #166
  • Dec 22, 2011 5:57am Dec 22, 2011 5:57am
That strategy looks nice. It looks like a combination of trend, momentum and support/resistance trading. I like the idea and will give it a try.

Thanks for sharing.
  • #167
  • Dec 22, 2011 6:05am Dec 22, 2011 6:05am
Price reacts pretty well to those levels..... well that's a sell signal for me... but could be risky with that xx50 level staring right in the face...
  • #168
  • Dec 22, 2011 6:09am Dec 22, 2011 6:09am
Quoting Shanexx
I have no clue why its doing that. See what happens when you check it against the old skool. I dont see a broker feed prob your bars are the same as mine - South African time zone. I'll try and see what happens if I use a different broker.
Hi mate, Im using FxPro. Post up your color stoch indi if you can, ill check it against my version to see if theres any difference
  • #169
  • Dec 22, 2011 6:22am Dec 22, 2011 6:22am
Alas its the brokers. Below two different brokers with different time zones.
Attached Image (click to enlarge)
Click to Enlarge Name: over4.gif Size: 19 KB


Attached Image (click to enlarge)
Click to Enlarge Name: over4b.gif Size: 25 KB



Attached File(s)
File Type: mq4 Color Stochastic v1.02.mq4   12 KB | 460 downloads
  • #170
  • Dec 22, 2011 6:45am Dec 22, 2011 6:45am
Quoting Shanexx
Alas its the brokers. Below two different brokers with different time zones.
Attachment

Attachment


Attachment

Cheers mate. Yeah i've got the same indi as yourself.

M what broker/time zone are you using ?
  • #171
  • Dec 22, 2011 7:15am Dec 22, 2011 7:15am
If this euro does not go to 1.3000 region i'll be very suprised
  • #172
  • Dec 22, 2011 7:30am Dec 22, 2011 7:30am
Could anyone share the file allowing to setup price based candle charts for MT4 ?

Please .
  • #173
  • Dec 22, 2011 7:43am Dec 22, 2011 7:43am
If it gets to 1.3005 take profits... even consider it here...

Support likely..
  • #174
  • Dec 22, 2011 7:48am Dec 22, 2011 7:48am
There's a rising trendline in this vicinity.....
Attached Image (click to enlarge)
Click to Enlarge Name: katana chart 80.jpg Size: 152 KB
  • #175
  • Dec 22, 2011 8:25am Dec 22, 2011 8:25am
GU coming back to xx75 and previous intraday resistance... could be worth a look at shorting it...
Attached Image (click to enlarge)
Click to Enlarge Name: katana chart 81.jpg Size: 217 KB
  • #176
  • Dec 22, 2011 8:43am Dec 22, 2011 8:43am
Guess not, prices retracing past the moving averages, and stochastics turning up....

Clearly see why I use price levels and previous support and resistance levels as the take profit levels.

Almost 50 pips right off of that xx50 level on the pound.

Well that's it for me, hope these charts are helping you understand about how the market moves, and what to look for.

Take care.
Attached Image (click to enlarge)
Click to Enlarge Name: katana chart 82.jpg Size: 205 KB
  • #177
  • Dec 22, 2011 6:59pm Dec 22, 2011 6:59pm
Looking at the chart to see what happened for the rest of the session after I went to bed, I can see another pull back against the trend occured, resistance was evident at the xx50 level, however trading that signal would of resulted in a loss.

But that's what the chart should like like. Cannot avoid some losses all the time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: katana chart 83.jpg Size: 240 KB
Click to Enlarge Name: katana chart 84.jpg Size: 256 KB
  • #178
  • Dec 22, 2011 7:26pm Dec 22, 2011 7:26pm
M, Which broker are you using ?
  • #179
  • Dec 23, 2011 2:06am Dec 23, 2011 2:06am
Quoting dan89
M, Which broker are you using ?
http://www.100forexbrokers.com/mt4forexbrokers

If you need a recommendation for a broker in your area, you can look at this list.
  • #180
  • Dec 23, 2011 4:17am Dec 23, 2011 4:17am
Well that's a long signal on EU right here... looks like the previous resistance region is holding price up around the 60 level.

Worth a shot, considering the low liquidity in the market..
Attached Image (click to enlarge)
Click to Enlarge Name: katana chart 85.jpg Size: 230 KB
1 trader viewing now