"Katana Trading Strategy"

EJ starting to move again... you can see how filters help prevent trading when prices are consolidating..

Just need to wait for a pull back of some sort to enter...

EU showing signs of trending... waiting for a pull back here as well

Just about ready for a short on GU, if this bar closes bearish.... seems to be some bidding going on around this xx00 level however...

Price moved above the moving averages.. no short traded signalled...

Entered short after a pull back was identified, target area was the next xx00 price level... however, I exited just as price hit the xx25 region for just under 1:1 trade.. roughly +2% increase to equity.

EU pushing the extreme for the Average Daily Range..

Seems like a good chance it's going to go to the next price level... no matter...

Price retraced again, stopped at the xx00 level and retraced right back to the xx50 leve.

Presented a continuation signal, however the bar which caused the signal is above the moving averages, so technically it is to be ignored.

However saying that... price looks set to go lower still..

I didn't trade this... however there was enough room to make a profit...

Hi Mushshi
I have read the entire thread a couple of times now and am really interested in it. I have even spent some money and bought a range bar script that works really good on mt4. Thank you for presenting your method to everyone here. The main problem I'm having with following this thread is understanding what's quoted above. I am understanding that you use stochastics for confirming the trend as well as defining the pullback. I like that and there is an old thread here (hope you don't mind me mentioning it) called "sexy stochastics" or something like that, that did the same thing on regular time frame charts. Anyway...I guess you are using longer term stoch. to confirm trend and shorter term stochs. to define pullback? I am really not sure and I think there are alot of other folks that are not sure either. No disrespect to you but it is very difficult to follow your thread when you won't post a template or indicators. I have no earthly idea how to make a stoch. histogram or whatever it is on the bottom of your chart but I sure would like to be able to. I'm not lazy or asking for a handout here. I'm sure your a good person otherwise, you would not have started this thread but if you would post your confirming indicator for us where we can all see the same thing you are seeing in real time it would sure help! I don't want to sound demanding and surely mean no disrespect. I know it is your thread so you can direct it as you see fit. I'm just trying to improve my trading. Thanks.
Mark

EJ chart showing a potential pull back against the trend taking place... can not see any other potential trades setting up on dollar pairs just yet..

Nothing as yet on EJ... there was a signal on EU which I did not get as I was away from PC for a short time..

GU just gave me a nice short signal... You must understand that there is more to trading than just blindly following indicators painting a paticular thing... identifying levels of price is just as important... if not more important...

The most important thing is to get a good exit... moves between xx00 and xx50 are quite common expecially on pound which moves quite quickly at times...

Price has retraced right to my entry as I'm typing this... which could be a pull back before another thrust lower... or could be a full blown retrace and stop me out...

Both short on EU and GU closed.

Equity....

Nice work there Musashi

Nice quote that you have there, "Patience + Discipline - Greed = Success"

I like it...

I find some good setups today in EU and cable.

Peter

pls share your settings here

Yes indeed, when the market trends, that's when you make money.....

The way to make money is to determine the trend and then follow it.