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True Trading Tactics

  • #341
  • Feb 14, 2012 1:37pm Feb 14, 2012 1:37pm
for you 15min fans there was a buy entry on UChf, all candles Green..candle came nicely/retestesd .92000....nice trade
  • #342
  • Feb 14, 2012 1:42pm Feb 14, 2012 1:42pm
has anyone got a nice simple bar indicator (like the one i posted), that will give trend directions on all timeframes?
  • #343
  • Feb 14, 2012 2:50pm Feb 14, 2012 2:50pm
Hey Kraven,
Thank you for explaining this system. I find it very simple and effective. I can make trades now without having to look at 2-4 indicators. I have been trading on my demo account for about 2 weeks with great success. I was curious to what your money management strategy is.

Thanks again.


Being wrong is acceptable. But staying wrong is totally unacceptable. Being wrong isn’t a choice, but staying wrong is. To play any game successfully, you have to have some skill, an edge, but beyond that it is money management. Good traders manage the downside; they don’t worry the upside. - MARK MINNERVINI
“Discipline is the bridge between your goals and your accomplishments.”
  • #344
  • Feb 14, 2012 2:53pm Feb 14, 2012 2:53pm
Quoting kraven
has anyone got a nice simple bar indicator (like the one i posted), that will give trend directions on all timeframes?
I have one, but you aint getting it!!! Never respond to me! Not nice

Thnx for the system though
  • #345
  • Feb 14, 2012 4:12pm Feb 14, 2012 4:12pm
Quoting Robst3r
I have one, but you aint getting it!!! Never respond to me! Not nice

Thnx for the system though
pathetic
  • #346
  • Edited 7:42pm Feb 14, 2012 4:22pm | Edited 7:42pm
Quoting FOURX
pathetic
hey FourX this is why i tend to avoid opening threads, this guy posted how he made 95pips today because of me. and because I have a life to get on with and never responded to something he wrote he won't share an indi..i know i can ban him from responding on a thread but i wish there was a way these guys could get banned from reading/seeing a thread? anyway i've blocked this Robst3r prick out.
  • #347
  • Feb 14, 2012 4:28pm Feb 14, 2012 4:28pm
Quoting kraven
hey FourX this is why i tend to avoid opening threads, this guy posted how he made 95pips today because of me. and because I have a life to get on with and never responded to something he wrote he won't share an indi..i know i can ban him from responding on a thread but i wish there was a way these guys could get banned from reading/seeing a thread?
totally agree
  • #348
  • Feb 14, 2012 4:37pm Feb 14, 2012 4:37pm
Maybe move to a blog, and PM the address to members that are interested.
  • #349
  • Feb 14, 2012 5:22pm Feb 14, 2012 5:22pm
well im glad you started this thread kraven, ive learnt some new tricks. keep up the good work
  • #350
  • Feb 14, 2012 5:35pm Feb 14, 2012 5:35pm
liamg4x a blog seems hard work lol, also i posted this for people who are struggling. it's simple and pure.

B Kid we have covered MM here a few times....well given some tips, as all trades are different nothing is in stone nore should they be.
  • #351
  • Edited 5:57pm Feb 14, 2012 5:38pm | Edited 5:57pm
Quoting kraven
has anyone got a nice simple bar indicator (like the one i posted), that will give trend directions on all timeframes?
here's one
Attached File(s)
File Type: mq4 GG-TrendBar.mq4   4 KB | 617 downloads
  • #352
  • Feb 14, 2012 7:03pm Feb 14, 2012 7:03pm
thanks Marnic. this is actualy the one i deleted by accident
  • #353
  • Feb 14, 2012 7:22pm Feb 14, 2012 7:22pm
Hello Kraven,
I just wanted to drop by and say thanks for opening this great thread. It's really helped me to get back to the basics of PA and trend-lines as well as the importance of only taking the best possible trades and filtering out the so-so ones to reduce over-trading. Thanks again and keep up the great work!
  • #354
  • Edited 9:00pm Feb 14, 2012 8:28pm | Edited 9:00pm
[quote=kraven;5356920]

If anyone has an AWR...average weekly range then please post

Kravin,
Well, it took a bit of digging, but I manged to find a AWR indi.
The info it provides is pretty good.
Easy enough to throw on a couple of lines on a chart to mark the levels.
Hope it helps.
Great thread by the way.
Turning my trading around using it.
Thanks much...
Cliff



Location on FF:
http://www.forexfactory.com/showthre...nge+calculator
Attached Image (click to enlarge)
Click to Enlarge Name: AWR.jpg Size: 138 KB
Attached File(s)
File Type: ex4 _(T_S_R)-Weekly_Range_Calculator.ex4   16 KB | 470 downloads
File Type: mq4 _(T_S_R)-Weekly_Range_Calculator.mq4   15 KB | 571 downloads
I get exercise just pushing my luck
  • #355
  • Feb 14, 2012 8:38pm Feb 14, 2012 8:38pm
Quoting kraven
last pic as this is time consuming...

just knocked this pic up of recent EJ 1 hr...good pair to trade with this.

you will see i'm showing start entries, also re-entries, plus what i call a 'dead stop entry' it's bascialy when the next candle reaches the previous high and turns back pretty much to the pip.


the first re-entry you highlighted, would that not actually be a sell signal given the red pullback candle ? why would you not enter a sell there ?


does the reversal candle need to have a wick or body of at least a certain length ?
  • #356
  • Feb 14, 2012 8:52pm Feb 14, 2012 8:52pm
Quoting kraven
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.
hey kraven, thanks for the explanation i sort of see what you mean...will observe more and take the opens, highs, lows into greater consideration...boy, there's just so much to look at/think about sometimes...tough for a newbie to absorb, rather daunting...

you ignore the pricks, the rest of us fully appreciate what you're doing
  • #357
  • Feb 14, 2012 8:59pm Feb 14, 2012 8:59pm
thanks for the comments guys. glad this all helps.
CCE thanks for the indi.

i had a PM about 15min trading and MM. here's what i do...

  1. when with trend i put SL a pip or two above KRC, or above any near obvious barrier (remember the difference between a win and a loss can be a pip, so if a barrier 'e.g. the open line' is 2 pips from the end of your candle add a few pips to your SL)

  1. against the trend go with the top of the breakout candle, this will often lead to a SL of as little as 6pips

  1. as for profit....well that's upto you, if we all new when to stay in and when to get out we'd be rich....look for exit SR area's, take note of ADR (if it's 90 and your up 30pips then you've got 33% of an average day in your bank, not bad) and don't be frightend to reduce your lots as you go.

.....remember practice on the 1hr first!

  • #358
  • Feb 14, 2012 9:08pm Feb 14, 2012 9:08pm
Quoting whatfx
the first re-entry you highlighted, would that not actually be a sell signal given the red pullback candle ? why would you not enter a sell there ?

No we have a small down trend...then a lower green KRC...enter at it's break long.if it's not what you mean then post a pic with your question and i'll look. i knocked it up quick and missed a few things.

does the reversal candle need to have a wick or body of at least a certain length

i don't look at candle shapes, obviously if its got a long upper or lower wick it can look [i]more...
hope this answers your questions
  • #359
  • Feb 14, 2012 9:13pm Feb 14, 2012 9:13pm
Quoting Omd
hey kraven, thanks for the explanation i sort of see what you mean...will observe more and take the opens, highs, lows into greater consideration...boy, there's just so much to look at/think about sometimes...tough for a newbie to absorb, rather daunting...

you ignore the pricks, the rest of us fully appreciate what you're doing
OMD if your just starting stick to 1hr. add open, yesterdays high/low. keep an eye on big RN's like 1000, 1100, 1200 etc..and use 200 and 100ma......that should do for now. with more experience add SR area's, weekly open,high,low and trend lines.....keep it simple at first
  • #360
  • Feb 14, 2012 9:14pm Feb 14, 2012 9:14pm
Hi marnic i carnt open the trend bar do i need a ex4 file as weel as the mq4 file, nomally i have to put them both in the experts to get it to work ,hope i have explained this ok
Making money is easy,losing money is easier
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