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True Trading Tactics

  • #161
  • Feb 8, 2012 7:39am Feb 8, 2012 7:39am
adr . I do not point yet what I must pay attention there to, whom I make entry?

Quoting kraven
Tiwa looks like you got some pips, although your entry was strange.
Steve EJ is mid todays trend, not saying it wouldn't work out for you though.

on dailies My EJ missed my tp 102.45 by milli pips would have given 170pip (took half at 50 though)
AU is 70pips up and my TP is actualy where todays ADR marker is.
NU is now 45 pips up...tempted to take all and quit for the week....and spend more time in bed
  • #162
  • Feb 8, 2012 7:57am Feb 8, 2012 7:57am
Quoting Tiwa
my entry was 1.59305 and exit @ 1.58722
I think you must have wrote your entry down wrong. still should have got a decent return
  • #163
  • Feb 8, 2012 8:35am Feb 8, 2012 8:35am
i just took this trade short is it ok or not
Attached Image (click to enlarge)
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  • #164
  • Feb 8, 2012 9:29am Feb 8, 2012 9:29am
at the bottom (break of) the top red candle was your sell entry point.
  • #165
  • Feb 8, 2012 9:39am Feb 8, 2012 9:39am
gbd-usd entry 1.5880.
a good trade
  • #166
  • Edited 9:42am Feb 8, 2012 9:39am | Edited 9:42am
yes kraven and this is the result thanks
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 08 02 2011(3).gif Size: 27 KB
64 pips profit
  • #167
  • Feb 8, 2012 9:46am Feb 8, 2012 9:46am
hello kraven,
this is my picture from the e/j 1 hour with adr.
what is wrong?
steve
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  • #168
  • Feb 8, 2012 9:52am Feb 8, 2012 9:52am
Quoting lkdolzfx
Honestly, Vantage yours is one of the few chart with colorful lines that makes money consistently i guess i can say its PA between the lines because have been following and trading your style with good success.

No disrespect to the thread owner, just my way of appreciating my boss when i see him on the fx street.
Just saw now, thanks for those kind words. The lines have gone from 1hr (well OK fozzy rsi, 8 lwma and now the great adr indi are there) but 5 min still a techni colour wonderland.

Back to thread, looking at 1hr also helping Mrs V learn a lot and she wrote the book on if it ain't broke don't fix it.

On that note Mrs V didn't take the earlier sell on gu at the top as it was right on the RN. The 1hr lower high re-entry sell around 5780 was a great set up.

If your adr levels are different I use 5.
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  • #169
  • Feb 8, 2012 9:52am Feb 8, 2012 9:52am
To all, on gbpusd alone today with two trade i took over 100 pips in profit which is good i have a little experience in forex added to kraven system very good it gave me more confidence to be honest my friend gave or introduce me to this style yesterday thanks to all more to Kraven
  • #170
  • Feb 8, 2012 9:58am Feb 8, 2012 9:58am
Quoting Vantage
Just saw now, thanks for those kind words. The lines have gone from 1hr (well OK fozzy rsi, 8 lwma and now the great adr indi are there) but 5 min still a techni colour wonderland.

Back to thread, looking at 1hr also helping Mrs V learn a lot and she wrote the book on if it ain't broke don't fix it.

On that note Mrs V didn't take the earlier sell on gu at the top as it was right on the RN. The 1hr lower high re-entry sell around 5780 was a great set up.

If your adr levels are different I use 5.
Forgot to add Mrs V exited perhaps too early, adr just above Y's lows and it looks at least like a 15/85 trade and 5800 may fail see see 85 area hit.

Sorry scratch that we are right on London close reversal time, lost track of time.
  • #171
  • Feb 8, 2012 10:29am Feb 8, 2012 10:29am
well all please take note of today....this is what i'm trying to tell people to look for.....a nice run up or down then look for a reversal candle.....if you look at UChf we are fairly flat, no real direct trend, so we avoid it.

NU, AU (which i took and bailed for 30), GU all had some form of a multiple candle move up, then reversal.
I got out of EJ daily, and AU daily (when i took 1hr revse) but ended up with zero on NU. still not too shabby.

Steve there is nothing wrong with your ADR indi, it just hasn't hit the range yet.
  • #172
  • Edited 10:53am Feb 8, 2012 10:36am | Edited 10:53am
tut..tut Vantage

tell Mrs V to get them squiggles off. (nice little blog you have)

i see S&P said nice things about the GBP and it dropped. maybe a reversal again??

**i keep getting pm's asking 'when do i trade', like most systems i like london and NY, but any time will do just look for nice runs. right now a lot of the long term trends are to the upside and the 1hr trend has dropped, so hopefully we'll see a correction.
  • #173
  • Feb 8, 2012 10:55am Feb 8, 2012 10:55am
signal on 1 hr eu, buy.....
  • #174
  • Feb 8, 2012 4:27pm Feb 8, 2012 4:27pm
A few more time on hand, and here is another version of the reversal indicator. The first one, as somebody told me by PM, had some problems in real time because of recalculations during the current bars when ticks are still incoming.
So now it prints (eventual arrows or symbols) on bars only AFTER the closure of the previous bar. (So: arrow comes out just in the moment you must place the order. Eventually, anyway, good for backesting).

There are a couple of more fancy things. A "star" is printed on the opposite side of the bar if the reversal happens after a "trend" has been formed according to kraven's specifications (>= 3 bars of the same color). This warns the user that the "reversal" could also be a "continuation".

Second, railroad stops are shown. Please note the weird thing happening when two consecutive railroads are formed: they get connected. But please, don't ask me, in a very spared spare time to look for aestetic things!

Enjoy or simply trash!

BL
Attached Image (click to enlarge)
Click to Enlarge Name: Reversal2.jpg Size: 59 KB
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File Type: mq4 ReversalBars_v1_1.mq4   4 KB | 1,023 downloads
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  • #175
  • Feb 8, 2012 7:52pm Feb 8, 2012 7:52pm
thanks BL will try it out.
  • #176
  • Feb 8, 2012 8:49pm Feb 8, 2012 8:49pm
Quoting Tiwa
i just took this trade short is it ok or notAttachment
This was Re-Entry Trade
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #177
  • Feb 8, 2012 10:20pm Feb 8, 2012 10:20pm
So Kraven.....
What are pairs work best for "this true" strategy? Just need 2-3 pairs. I am sure I can't trade all pairs, right?
As long as the thread established, you have traded AU, NU, EJ, EU and some more.....
Could i ask you or someone make the road map data just for pairs that most actively trade base on this Saxo-Bank structure. Take a look at this picture (just for info only):

http://i600.photobucket.com/albums/t...icture1-29.jpg

1. EU (28%)
2. UJ (14%)
3. GU (9%)
4. AU (6%)
5. UCad (5%)
6. UChf (4%)

Thanks
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #178
  • Feb 8, 2012 10:47pm Feb 8, 2012 10:47pm
on the daily's you can look at a lot of pairs (flick through them 20mins before close and put in pending orders). AU, NU, UChf, EJ, GU, EU are my norm.

i originaly just traded the GU and EU on 1hr, lowest spreads, the pair moves the most in my waking hrs, lots of volume. although they tend to be corrilated some what a few pips difference could give an entry. however, as i don't have any particular indi's/set-ups etc that differs daily trades from 1hr trades i just hit the 1hr button and watch all the pairs above now. shrunk and fitted side by side.
  • #179
  • Edited 11:46pm Feb 8, 2012 11:08pm | Edited 11:46pm
Quoting betterlife
A few more time on hand, and here is another version of the reversal indicator.....

Enjoy or simply trash!

BL
Great work BL.....Thanks.....I Love the railroad/deadstop and continuation trend icon.....easier to find the kraven criteria.....
OK Lets it be for just 2 pairs (EU and GU)....GU doing well today...

http://i600.photobucket.com/albums/t...ajor/Test2.jpg
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #180
  • Feb 9, 2012 1:12am Feb 9, 2012 1:12am
hello, kraven.
Must I make with the some settings?
low is with 1.3187. And high with 1.3349.
Could be my settings are not right.
Yesterday I also had the same values. And high I cannot see the upper one in 1 hour status.
Have I understood this so properly whom a candle meets high or low, then the line of the address changes?
thx
steve
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