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"Katana Trading Strategy"

  • #361
  • Jan 9, 2012 12:51am Jan 9, 2012 12:51am
Twitter, does that mean we have lost you here?
  • #362
  • Edited 4:55am Jan 9, 2012 4:12am | Edited 4:55am
Quoting FOURX
Twitter, does that mean we have lost you here?
I doubt it mate, Im sure M will still be posting here aswel from time to time
  • #363
  • Jan 9, 2012 8:52pm Jan 9, 2012 8:52pm
Quoting dan89
I doubt it mate, Im sure M will still be posting here aswel from time to time
Not going anywhere. Take a look at this chart of yesterday on EU.

As you can see the market is trending sideways. There's a pull back at the beginning of the day, and price pulls right back up above the moving averages, and not one short continuation signal.

For the rest of the trading day, there's not one signal to trade a pull back, and then the continuation.

This is exactly the sort of thing I've designed this strategy to do. Keep me out of the market most times when it's trading sideways, and provide ample trading oppotunities when it's trending up or down.
Attached Image (click to enlarge)
Click to Enlarge Name: katana chart 194.jpg Size: 275 KB
  • #364
  • Jan 9, 2012 9:00pm Jan 9, 2012 9:00pm
As you can see, I took a trade on AU yesterday, which was a losing trade, at the time of the trade I was looking at the bar and I was thinking that once this bearish bar closed it would print a red continuation signal.

So at the close of the bar I entered the order, however I checked after and realised that a red short continuaiton signal had in fact not printed, by that time it was too late.

The lesson is, always check and ensure that the criteria for a trade is met.
Attached Image (click to enlarge)
Click to Enlarge Name: katana chart 195.jpg Size: 200 KB
  • #365
  • Jan 9, 2012 11:57pm Jan 9, 2012 11:57pm
AU and EU and GU showing potential trading opportunities at the moment, now just waiting for continuation signals..
  • #366
  • Jan 10, 2012 12:13am Jan 10, 2012 12:13am
EU broken past the moving averages, now cannot get a long signal here.. GU likely to do the same... AU looking like the best prospect at this point..
  • #367
  • Jan 10, 2012 12:25am Jan 10, 2012 12:25am
Ok I got a long signal for AU, Stops set at 1.0273 and Take Profits at 1.0345
Attached Image (click to enlarge)
Click to Enlarge Name: katana chart 196.jpg Size: 258 KB
  • #368
  • Jan 10, 2012 12:30am Jan 10, 2012 12:30am
As you can see, EU retraced to far to make any valid signals, however you can see how price has moved between the xx00 and xx50, prices will do this often, and once reaching these areas support can be found.
Attached Image (click to enlarge)
Click to Enlarge Name: katana chart 197.jpg Size: 223 KB
  • #369
  • Jan 10, 2012 12:48am Jan 10, 2012 12:48am
Full measured move based on intraday swing... this is the reason for target area, and the reason why the stop loss is beneath that swing point at the xx75 level..

Nothing is certain...
Attached Image (click to enlarge)
Click to Enlarge Name: katana chart 198.jpg Size: 250 KB
  • #370
  • Jan 10, 2012 1:29am Jan 10, 2012 1:29am
Moved the stop up on AU long...
Attached Image (click to enlarge)
Click to Enlarge Name: katana chart 199.jpg Size: 152 KB
  • #371
  • Jan 10, 2012 1:33am Jan 10, 2012 1:33am
Moved up again...
Attached Image (click to enlarge)
Click to Enlarge Name: katana chart 200.jpg Size: 154 KB
  • #372
  • Edited 1:55am Jan 10, 2012 1:45am | Edited 1:55am
Trend identification, Pull back identification, Continuation identification, Moving stops up in direction of trade.
Attached Image (click to enlarge)
Click to Enlarge Name: katana chart 201.jpg Size: 142 KB
  • #373
  • Jan 10, 2012 2:03am Jan 10, 2012 2:03am
Thought we had lost you to twitter,great to see you're still posting here
  • #374
  • Jan 10, 2012 2:19am Jan 10, 2012 2:19am
Quoting FOURX
Thought we had lost you to twitter,great to see you're still posting here
Well I'm sure I wont be posting every trade I make...

I sure hope that this is helping...
  • #375
  • Jan 10, 2012 2:21am Jan 10, 2012 2:21am
Quoting FOURX
Thought we had lost you to twitter,great to see you're still posting here
You should follow M on twitter aswell. Great for quick realtime updates.
  • #376
  • Jan 10, 2012 2:41am Jan 10, 2012 2:41am
Quoting Musashi
Well I'm sure I wont be posting every trade I make...

I sure hope that this is helping...
Sure is,I am not taking the trades, i just like to follow your postings.......

I am still trying to find a method that suits me,this could be it, who knows?

thanks M
  • #377
  • Jan 10, 2012 2:58am Jan 10, 2012 2:58am
Good morning Musashi.

I have read your posts with great interest, not only in this thread but also in Vantage's thread (and Medici's?).

As a consequence, I have done something I swore I would never do, and have signed up for Twitter!

Looking forward to following you.

Best wishes
  • #378
  • Jan 10, 2012 3:05am Jan 10, 2012 3:05am
Quoting Delite
Good morning Musashi.

I have read your posts with great interest, not only in this thread but also in Vantage's thread (and Medici's?).

As a consequence, I have done something I swore I would never do, and have signed up for Twitter!

Looking forward to following you.

Best wishes
I'm new to Twitter as well, I think that it's possible to receive alerts to mobile phones using Twitter, which might be helpful to some who follow and want to make money.



I know it's difficult to believe that there's profitable traders in this world but they do indeed exist... trust me..
  • #379
  • Jan 10, 2012 3:08am Jan 10, 2012 3:08am
Quoting Musashi
I'm new to Twitter as well, I think that it's possible to receive alerts to mobile phones using Twitter, which might be helpful to some who follow and want to make money.



I know it's difficult to believe that there's profitable traders in this world but they do indeed exist... trust me..
Yeah you can get the twitter app on your iphone/smartphone and have the updates/tweets on your phone.

https://twitter.com/#!/download
  • #380
  • Jan 10, 2012 3:08am Jan 10, 2012 3:08am
Quoting Musashi
I'm new to Twitter as well, I think that it's possible to receive alerts to mobile phones using Twitter, which might be helpful to some who follow and want to make money.



I know it's difficult to believe that there's profitable traders in this world but they do indeed exist... trust me..
hey M,

what format do your tweets take, if you dont mind ?

Thanks
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