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"Katana Trading Strategy"

  • #261
  • Dec 29, 2011 7:22pm Dec 29, 2011 7:22pm
Quoting Musashi
Just checked the chart from overnight session for me, I can identify one possible trade which if traded would of been a loss trade, after that the trend filter would of prevented any further trading.
Hi Mushashi...,

Do you think AU is giving trading opportunities?
  • #262
  • Dec 29, 2011 7:34pm Dec 29, 2011 7:34pm
Quoting paapi
Hi Mushashi...,

Do you think AU is giving trading opportunities?
Trend filter is saying yes to start looking for long trades, just need a sufficient pull back and then a continuation signal.

So not at the moment, no sufficient pull back has occured.
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  • #263
  • Dec 29, 2011 8:38pm Dec 29, 2011 8:38pm
Pulling back nicely...
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  • #264
  • Dec 29, 2011 8:43pm Dec 29, 2011 8:43pm
I'm watching EJ at the moment... seems that it's possible a pull back continuaiton is about to happen.
Attached Image (click to enlarge)
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  • #265
  • Dec 29, 2011 9:00pm Dec 29, 2011 9:00pm
Short trade entered on EJ...
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  • #266
  • Dec 29, 2011 11:43pm Dec 29, 2011 11:43pm
Reached the xx25 level, price is likely to react at this level somewhat..
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  • #267
  • Dec 29, 2011 11:50pm Dec 29, 2011 11:50pm
Quoting Musashi
Reached the xx25 level, price is likely to react at this level somewhat..
Hi Mushashi,

just wondering on the EJ chart that u'd posted.., was this the 1st entry that was traded or r there some others also previous to this (just trying to understand the retracements as you see them)
  • #268
  • Dec 30, 2011 1:02am Dec 30, 2011 1:02am
Quoting Musashi
Obtaining range bars is easy, just google search and you'll find the link to the mql service where you can obtain it.

http://www.google.com.au/#sclient=ps...w=1416&bih=810
Did Nova code stop giving away their range bar script?
Small disciplines repeated with consistency lead to great achievements.
  • #269
  • Dec 30, 2011 1:49am Dec 30, 2011 1:49am
yes they did.

Long time ago as I remember

Peter
  • #270
  • Dec 30, 2011 1:56am Dec 30, 2011 1:56am
Quoting paapi
Hi Mushashi,

just wondering on the EJ chart that u'd posted.., was this the 1st entry that was traded or r there some others also previous to this (just trying to understand the retracements as you see them)
This is the first time I've traded this pair using this strategy, as I see it the retracement has found resistance and it's likely to end.

Of course I have no way to know for sure which way price will go... as long as you trade with the trend that is what will help put the probabilities in your favour.
Attached Image (click to enlarge)
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  • #271
  • Edited 5:46am Dec 30, 2011 2:13am | Edited 5:46am
Quoting fratelli
yes they did.

Long time ago as I remember

Peter

they didn't, but buy one instead I guess.
Small disciplines repeated with consistency lead to great achievements.
  • #272
  • Dec 30, 2011 2:34am Dec 30, 2011 2:34am
One good thing about price bars, when you get a bar with an upper wick... it's a good sign that prices could potentially go down, especially if this bar forms at a key price level, like the xx50 xx00 levels..
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  • #273
  • Dec 30, 2011 3:34am Dec 30, 2011 3:34am
Slow going... almost there...
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  • #274
  • Dec 30, 2011 3:39am Dec 30, 2011 3:39am
Just over 20 pips.. happy with that.... +2.5% increase to equity.
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  • #275
  • Dec 30, 2011 4:06am Dec 30, 2011 4:06am
Quoting Musashi
Just over 20 pips.. happy with that.... +2.5% increase to equity.
I see you're using the gann! How's that working out for you?
Small disciplines repeated with consistency lead to great achievements.
  • #276
  • Dec 30, 2011 4:06am Dec 30, 2011 4:06am
Yes it works for me...
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  • #277
  • Dec 30, 2011 4:07am Dec 30, 2011 4:07am
Quoting jmflukeiii
I see you're using the gann! How's that working out for you?
Just on the chart for the moment.... still trying to figure out if it's worth using or not..
  • #278
  • Dec 30, 2011 4:58am Dec 30, 2011 4:58am
Quoting Musashi
Just on the chart for the moment.... still trying to figure out if it's worth using or not..
I have the same feeling. Generally I'm trying to use it to hold me in trades longer once already in them, not so much as an entry signal itself.

As per your advice (sort of), I've also been running an identical setup 1 range chart next to my 1 tick chart tonight. Really liking the look of it. Its much smoother. And my custom indicators I made specifically for my tick chart seem to be "working" more precisely on the range chart.
Small disciplines repeated with consistency lead to great achievements.
  • #279
  • Dec 30, 2011 5:33am Dec 30, 2011 5:33am
Nothing to trade on EU, trend filter preventing any trading, as you can see market is range bound... trend filter doing its job...
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  • #280
  • Dec 30, 2011 5:35am Dec 30, 2011 5:35am
Same for GU, no trading as trend filter is not in agreement.
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