True Trading Tactics | Page 17 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Carpe diem: Intraday tactics for Dax and Dow 54,658 replies

What tactics will prevent getting hurt in enormous swings? 7 replies

NEWBIE Tactics! 18 replies

S/R Trading tactics 4 replies

True Range Trading 2 replies

Attachments: True Trading Tactics
Exit Attachments

True Trading Tactics

  • #321
  • Feb 14, 2012 6:22am Feb 14, 2012 6:22am
Quoting alba9567
Yes, i'm already short on EJ, let see how it will process.
i'm short on the EJ too.
  • #322
  • Feb 14, 2012 6:49am Feb 14, 2012 6:49am
i entered EJ short, SL is above 1hr trend line and yesterdays high (worth the extra few pips)
  • #323
  • Feb 14, 2012 7:03am Feb 14, 2012 7:03am
Quoting kraven
i entered EJ short, SL is above 1hr trend line and yesterdays high (worth the extra few pips)
EJ hit my SL

yours? looks like you placed it a little higher...how do u know when to deviate from the "rules"?
  • #324
  • Feb 14, 2012 7:04am Feb 14, 2012 7:04am
Quoting kraven
No problems Charlie. your right in what you say. Example, i just took 30pips on AU, not ground breaking, but the ADR is around 90, so i just got 33.3% of the daily move.

i just got into the NU, i have SL at the bottom of THIS candle, so my SL is only 6pips...if i bailed now that RR 1:1

*****there's a lot to be said for RR1:1 lol....stopped out

one more go with EJ coming up.
when you cut your SL short you run a greater risk of an early bath...if i put my SL under the reversal candle on the NU bet 50pips could have been had
  • #325
  • Feb 14, 2012 7:10am Feb 14, 2012 7:10am
Quoting Omd
EJ hit my SL

yours? looks like you placed it a little higher...how do u know when to deviate from the "rules"?
As i said above trend line off last previous highs on 1hr + yesterdays high...if you feel you have too add a few more pips to your SL then do so, it could be the difference of winning or loosing all for 3 or 4 pips. as i said before, tradings is about looking at bigger picture..for example GU, EU and EJ are pretty corrilated. if GU is hitting and rebounding off Yesterdays low, the other 2 are likely to move back with it (see now),.

**NU short now in this time tight SL, just above this candle and MA
  • #326
  • Feb 14, 2012 7:15am Feb 14, 2012 7:15am
we have a lot of resistance on a few pairs, weekly open, yesterday low, todays open all getting hit on different pairs...expect a bumpy ride.
  • #327
  • Feb 14, 2012 7:21am Feb 14, 2012 7:21am
EJ bounce of weekly open
AU off daily open
GU off Yesterday low
are causing all pairs to recoil.
  • #328
  • Feb 14, 2012 7:39am Feb 14, 2012 7:39am
I've just moved SL to BE for both EJ and NU. So free trade now!

Quoting kraven
As i said above trend line off last previous highs on 1hr + yesterdays high...if you feel you have too add a few more pips to your SL then do so, it could be the difference of winning or loosing all for 3 or 4 pips. as i said before, tradings is about looking at bigger picture..for example GU, EU and EJ are pretty corrilated. if GU is hitting and rebounding off Yesterdays low, the other 2 are likely to move back with it (see now),.

**NU short now in this time tight SL, just above this candle and MA
Accept as it is being!
  • #329
  • Feb 14, 2012 7:42am Feb 14, 2012 7:42am
Quoting kraven
As i said above trend line off last previous highs on 1hr + yesterdays high...if you feel you have too add a few more pips to your SL then do so, it could be the difference of winning or loosing all for 3 or 4 pips. as i said before, tradings is about looking at bigger picture..for example GU, EU and EJ are pretty corrilated. if GU is hitting and rebounding off Yesterdays low, the other 2 are likely to move back with it (see now),.

**NU short now in this time tight SL, just above this candle and MA
i see what u mean...thks! i took the AU short...
  • #330
  • Feb 14, 2012 7:52am Feb 14, 2012 7:52am
Quoting kraven

**NU short now in this time tight SL, just above this candle and MA
closed NU for +20 pips at weekly open...
took half for 19pips (though it was 20) on EJ..SL to BE
  • #331
  • Edited 9:10am Feb 14, 2012 7:56am | Edited 9:10am
Kraven i entered eur/usd on m15 at 10:30 GMT with a sl of 6 pips gained 60 pips! Someone wished me goodluck! I had my luck thnx to kraven And entered long again on the opposite signal
Greets

Closed long +20

EDIT: Total eur usd m15 80 pips! Live trading

Went short on opposite signal+15 pips Total 95pips
  • #332
  • Feb 14, 2012 8:11am Feb 14, 2012 8:11am
Quoting kraven
closed NU for +20 pips at weekly open...
took half for 19pips (though it was 20) on EJ..SL to BE
what's the significance of daily and weekly open?
  • #333
  • Feb 14, 2012 8:28am Feb 14, 2012 8:28am
it's the open of the week, where the markets began at the start of the week. so it's a good SR area. and it made for a good TP target....daily open, yesterday high/low, weekly open, last week high/low....look at your pairs today, move to a smaller TF and see which one's have been influencal today...UChf has reversed off open, NU of weekly open, EU yesterday low etc.
  • #334
  • Feb 14, 2012 10:10am Feb 14, 2012 10:10am
Hi Kraven,

Thanks for sharing your system, I love my charts absolutely naked.....

I´m only testing this week EUR/USD but I have much better results on M15 (Frankfurt/London session):

Monday: -40 pips H1, +25 pips M15
Tuesday: no trades H1, +75 pips M15

What is your experience in this TF?

Thank you
  • #335
  • Feb 14, 2012 10:32am Feb 14, 2012 10:32am
Thats what i'm saying! I'm Also winning on eur/usd m15! Today was à good day!
  • #336
  • Feb 14, 2012 10:34am Feb 14, 2012 10:34am
has anyone done backtesting of this method? thanks.
  • #337
  • Feb 14, 2012 10:48am Feb 14, 2012 10:48am
Quoting Caillou
Hi Kraven,

Thanks for sharing your system, I love my charts absolutely naked.....

I´m only testing this week EUR/USD but I have much better results on M15 (Frankfurt/London session):

Monday: -40 pips H1, +25 pips M15
Tuesday: no trades H1, +75 pips M15

What is your experience in this TF?

Thank you
hey Caillou, how you doing?

I have mentioned on here somewhere that the reversal candle will work on all TF, by it's very construct it's a strong reverse of a move. I am not disputing you will get some real good moves on lower TF's for low SL, i noticed more dead stop moves too, however the lower the TF the choppier the move. i have used 15m consistantly in the past. also trading can be confusing if you trade on too many TF's hence i settled on 1hr and daily particulary for the start of this thread, so follows can get used to the system then find there own way
  • #338
  • Edited 11:15am Feb 14, 2012 11:01am | Edited 11:15am
this is one reason i didn't want to discuss smaller TF's...basicaly the ammount of entries...i just quickly knocked this up from UChf...times these entries from 4 or 6 pairs (i get questions and pm's about pairs i've never heard of lol) and the thread would be sooo confusing. however if you understand the actualy essence of what i'm trying to do here then KRC can be used on any TF....hell i even missed the red inverted hammer entry on chart. if you do do lower TF's stick to 1 - 3 mixed pairs.

*we could even have a EU, GU, AU, UChf 15min only day. lol
Attached Image (click to enlarge)
Click to Enlarge Name: kkk.gif Size: 32 KB
  • #339
  • Feb 14, 2012 11:23am Feb 14, 2012 11:23am
i find when trading small TF's 1-30min that 100 and 200ma's have less meaning. so i like to be aware of what the other higher TF's are doing. for a quick visual i use this indi. basicaly tells you what direction the current candle is doing on all TF's....so if 4hr, daily and weekly are green i'm more into a KRC at the end of a drop....hope it helps
Attached File(s)
File Type: ex4 Multi Meter Candle Color.ex4   12 KB | 630 downloads
  • #340
  • Feb 14, 2012 11:24am Feb 14, 2012 11:24am
Quoting kraven
this is one reason i didn't want to discuss smaller TF's...basicaly the ammount of entries...i just quickly knocked this up from UChf...times these entries from 4 or 6 pairs (i get questions and pm's about pairs i've never heard of lol) and the thread would be sooo confusing. however if you understand the actualy essence of what i'm trying to do here then KRC can be used on any TF....hell i even missed the red inverted hammer entry on chart. if you do do lower TF's stick to 1 - 3 mixed pairs.

*we could even have a EU, GU, AU, UChf 15min only day....
Thanks Kraven,

For sure, if I follow just 15M I will do on 2-3 pairs, more than enough.

Early days but looks promising. Thank you
4 traders viewing now