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True Trading Tactics

  • #381
  • Edited 7:32am Feb 15, 2012 7:21am | Edited 7:32am
Nice simple strategy!!

It seems this works well on any session, but I'm starting to find it is damn deadly accurate during London. Now having to rearrange my schedule so I can take advantage of the open.

I'm actually having greater success using the 30 min. TF and combining this with Steve W. (NBT methods). The two combined, make this pretty manageable for TP targets, in order to catch some decent runs.

Thanks for sharing this Kraven. Although I've used something similar to this in the past, for some reason this clicks better for me...lol, go figure.

So far, a +117 pip day with 3 trades still running.
  • #382
  • Feb 15, 2012 7:26am Feb 15, 2012 7:26am
well i had to get in on something...

looked at biggest movers on 1hr UChf and EU,

switched to 15min.....waited till pullback had finish.....waited for a KRC to go back with 1hr trend (it was EU that give me one at 14:15)...exit half for 30...SL to BE for rest TP at .30360..
  • #383
  • Edited 7:35am Feb 15, 2012 7:33am | Edited 7:35am
Quoting kraven
well i had to get in on something...

looked at biggest movers on 1hr UChf and EU,

switched to 15min.....waited till pullback had finish.....waited for a KRC to go back with 1hr trend (it was EU that give me one at 14:15)...exit half for 30...SL to BE for rest TP at .30360..
Understood! strong trend and a little pullback! But my ADR Low for EU is about 1.30570.....Very near to the bottom range.....
fooled by randomness in art
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  • #384
  • Feb 15, 2012 8:01am Feb 15, 2012 8:01am
Hi to everyone,

Still testing EUR/USD H1 and M15:

-H1: +30 pips
-M15: +55 pips and floating -13 pips

Really amazing.

PD: MM extremelly simple, SL= High for Sell/Low for Buy of Reversal Candle, TP=SL, R:R=1:1

Thank you Kraven
  • #385
  • Feb 15, 2012 8:18am Feb 15, 2012 8:18am
RoelsM heres a pic of 1hr and 15min....we got a very strong move down on EU then a pullback, i fancied it to continue as it was very strong but first we need a pullback (see white line on 1hr pic)....then we need an entry (see candle on 15min....simple)

i looked for one on UChf too but got none.

Yes we are near ADR, but that is the average...remember possibly 50% of the days go past this...if it goes past by 30ips my tp is hit for 50ish..concern is .30500 area(moved TP to 3038)
  • #386
  • Feb 15, 2012 8:19am Feb 15, 2012 8:19am
forgot to attach pic..

caillou...nice ; )
Attached Image (click to enlarge)
Click to Enlarge Name: kkk.gif Size: 138 KB
  • #387
  • Feb 15, 2012 8:40am Feb 15, 2012 8:40am
Quoting gman1980
hi guys - great thread...very interesting ideas being put forward. Can I ask one question. Im dont yet fully understand how the ADR indcator works or is created (put together) Could somebody please enlighten me or point me in the direction of a good book on the matter?!? ANy help would be much appreciated

Thanks and good luck
It's supposed to give you the average the pair has moved over a given number of days (14)...so add all 14 days up divide by 14 = ADR...least i hope it works that way
  • #388
  • Feb 15, 2012 8:42am Feb 15, 2012 8:42am
Quoting Caillou
Hi to everyone,

Still testing EUR/USD H1 and M15:

-H1: +30 pips
-M15: +55 pips and floating -13 pips

Really amazing.

PD: MM extremelly simple, SL= High for Sell/Low for Buy of Reversal Candle, TP=SL, R:R=1:1

Thank you Kraven
UPDATE

-H1: +30 pips
-M15: +55-20+12: 47 pips
  • #389
  • Feb 15, 2012 9:03am Feb 15, 2012 9:03am
Hello,
Anyone taking the EU long on the break H1?
  • #390
  • Feb 15, 2012 9:04am Feb 15, 2012 9:04am
Quoting Caillou
UPDATE

-H1: +30 pips
-M15: +55-20+12: 47 pips
Caillou please attach your charts,thanks
  • #391
  • Feb 15, 2012 9:24am Feb 15, 2012 9:24am
Quoting FOURX
Caillou please attach your charts,thanks
Sure. Here you go......
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 52 KB
  • #392
  • Feb 15, 2012 9:35am Feb 15, 2012 9:35am
Cheers Caillou
  • #393
  • Feb 15, 2012 10:08am Feb 15, 2012 10:08am
well i bailed the EU entry for 40pips (av. 35)..speakers in 1hr. and i only got in one trade today so want something....although still in GU daily short from beginning of thread, i missed my 150pip TP (50%) by 2 pips yesterday
  • #394
  • Feb 15, 2012 2:51pm Feb 15, 2012 2:51pm
Quoting kraven
forgot to attach pic..

caillou...nice ; )

Hi Kaven,

Does histo indicator below your chart repaint?



Thanks
  • #395
  • Feb 15, 2012 7:01pm Feb 15, 2012 7:01pm
Quoting Android38
Hi Kaven,

Does histo indicator below your chart repaint?



Thanks
it's not a histo indicator, one of the guy's here created it to signal KRC. it's on the thread.
  • #396
  • Feb 15, 2012 8:13pm Feb 15, 2012 8:13pm
Would an A/U long be a valid trade right now on the 1hr chart?
  • #397
  • Feb 15, 2012 11:11pm Feb 15, 2012 11:11pm
Is there a trading room for this on skype or some other medium ?
  • #398
  • Feb 15, 2012 11:28pm Feb 15, 2012 11:28pm
Do some of you only to trade this method in the direction of the trend, or does everyone take trades counter trend as well?
  • #399
  • Feb 15, 2012 11:46pm Feb 15, 2012 11:46pm
Quoting RicOshea
Do some of you only to trade this method in the direction of the trend, or does everyone take trades counter trend as well?
I'm doing a back test for my own benefit (to assure myself) on GU. I have the feeling that perhaps a 1:1 for Counter Trend and 1:2 for with Trend. But by it's nature this method is supposed to be taking advantage of Reversal situations so there should be CT trades taken.
  • #400
  • Feb 16, 2012 12:09am Feb 16, 2012 12:09am
Quoting RicOshea
Do some of you only to trade this method in the direction of the trend, or does everyone take trades counter trend as well?
The main reversal candle entries aren't with the trend or against it. They are swing trades.

Re-entries are obviously with the trend.
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