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True Trading Tactics

  • #441
  • Feb 16, 2012 9:21am Feb 16, 2012 9:21am
My trade on usd/chf
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf1hour.gif Size: 41 KB
  • #442
  • Feb 16, 2012 9:34am Feb 16, 2012 9:34am
Quoting nbelchior
My trade on usd/chf
Are you still in?
  • #443
  • Edited 10:38am Feb 16, 2012 9:48am | Edited 10:38am
Quoting Gt3rs
Was your entry on cable above the whole range? [safest IMHO] or above the reversal candle [risky IMHO]?

EUR longs winning out for now - pushing above the London open.
Sorry Gt3rs, didn't see that you'd asked me a question.

I had a pending order at the break of the KRC. I understand the risk. I have been back testing and have found that I must take all situations if it is to pay. I am seeking 1:1 against the trend and 2:1 with.

I was also aware that the whole market had been bumping about and so a change was in the offing. If you look at Cable M15 there was a rejection of price below the lower edge of the range. But I was playing the H1 KRC breakout.

I can spend all day not trading and if you look out across the pairs then you will find more reasons not to get involved than reasons for.

Anyway. I am trialling this method alongside my other tactic.

Cheers

EDIT: ps a break of range for me means a retest and so is at odds with this method anyhoo.
  • #444
  • Feb 16, 2012 9:50am Feb 16, 2012 9:50am
Quoting Chulmleigh
Are you still in?
Yes, now is let the profit run and set the SS to the BE.
  • #445
  • Feb 16, 2012 9:50am Feb 16, 2012 9:50am
ps what does IMHO mean?
  • #446
  • Feb 16, 2012 9:59am Feb 16, 2012 9:59am
i have take the krc on the mt 4 .but is dont go?

Quoting Chulmleigh
ps what does IMHO mean?
  • #447
  • Feb 16, 2012 10:03am Feb 16, 2012 10:03am
Quoting stevebalmmer
i have take the krc on the mt 4 .but is dont go?
Which KRC?
  • #448
  • Feb 16, 2012 10:05am Feb 16, 2012 10:05am
the indicator from this tread!

Quoting Chulmleigh
Which KRC?
  • #449
  • Feb 16, 2012 10:06am Feb 16, 2012 10:06am
post 272 from redbox

Quoting Chulmleigh
Which KRC?
  • #450
  • Feb 16, 2012 10:06am Feb 16, 2012 10:06am
Quoting kraven
Hello Finn, I know your pain...I too searched for a long time for a good ADR indicator and believe I found the best around.

It also plays an important part in my hourly trades.....e.g. if i get a reversal candle over the daily range then that is an almost certain profitable trade....likewise if i get a re-entry outside the ADR i'm more cautious and will move SL to BE very quick.
Hi, i can't understand what is the correct settings for the 1) TimeZoneOfData and 2) TimeZoneOfSession of the ADR indicator. If anyone can help. Thanks.
  • #451
  • Feb 16, 2012 10:11am Feb 16, 2012 10:11am
Quoting stevebalmmer
post 272 from redbox
Oh, I see. I won't be using it. I don't think that you need an indicator for this. Ironically Kraven started out not wanting any clutter.

Sorry I can't help you perhaps it has a bug. I suppose you might as well download it again and see.
  • #452
  • Feb 16, 2012 10:41am Feb 16, 2012 10:41am
Quoting nbelchior
Yes, now is let the profit run and set the SS to the BE.
You did the right thing. I work on the basis that I'll lose more waiting for the run, but it still makes me feel a little green when I see it carry on way past.

No matter. I'll try to pick it up on a pull back.

Good luck
  • #453
  • Feb 16, 2012 10:50am Feb 16, 2012 10:50am
Hi,

I have followed this system from the beginning and i found some stuff i want share with all "True Trading Tactics" followers.

I noticed differences between two brokers in the EURUSD pair 4TF.

I understand the causes of such diferences.

But what astonished me was to happen in a time frame so high as 4TF.

However these differences are enough to spoil the strategy, as you can see the images attached (Same cross and time).

Regards





http://www.forexfactory.com/eurusd4h...0-%20FXPRO.gif
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd4h 16-02-2012 - FXPRO.gif Size: 20 KB
Click to Enlarge Name: Spot FX (mini) EUR_USD 4H IT FINANCE.png Size: 18 KB
  • #454
  • Edited 11:28am Feb 16, 2012 11:00am | Edited 11:28am
Quoting Gt3rs
Yeah, yesterday's deal on EU turned out to be a cracker!

Whatfx - if you don't see any signals, you don't trade. It really is that simple!!

Not having a position is having a position.

I'm happy to wait a week for a signal.

With proper position sizing, you only need a couple of trades a WEEK.

So be patient! It's a key ingredient in your makeup as a trader
Wise words..patients has just given me 100pips on GU...30pips on UChf (bailed at open doh!)
if traders want to jump in and out of the action then try scalping..
  • #455
  • Feb 16, 2012 11:07am Feb 16, 2012 11:07am
i only took GU tp now as where at the weekly open and .5800 and about 50pips over ADR or i'd still be in
  • #456
  • Edited 11:16am Feb 16, 2012 11:08am | Edited 11:16am
Quoting kraven
Wise words..patients has just given me 100pips on GU...30pips on UChf (bailed at open doh!)
Do you let every trade run? Or do ever close early. I ask because I have (yet again) got TP well before the end of run. Its ok, but I do need to let the profits run, but I am very fearful of losing what I have.

EDIT: the answer is in the thread. bye
  • #457
  • Feb 16, 2012 11:12am Feb 16, 2012 11:12am
Quoting Chulmleigh
You did the right thing. I work on the basis that I'll lose more waiting for the run, but it still makes me feel a little green when I see it carry on way past.

No matter. I'll try to pick it up on a pull back.

Good luck
However, it touched already the 61.8 Fibo, so i think itīll be a rebound of some kind.
  • #458
  • Feb 16, 2012 11:19am Feb 16, 2012 11:19am
Quoting onlyghost
Hi,

I have followed this system from the beginning and i found some stuff i want share with all "True Trading Tactics" followers.

I noticed differences between two brokers in the EURUSD pair 4TF.

I understand the causes of such diferences.

But what astonished me was to happen in a time frame so high as 4TF.

However these differences are enough to spoil the strategy, as you can see the images attached (Same cross and time).

Regards

...
Never use 4hr for something like this, some brokers candles start at different times, eg my 4hr candle might have 1 hr left, yours may have 3hrs depending on broker time difference however 1hr should be the same to a couple of pips
  • #459
  • Feb 16, 2012 11:25am Feb 16, 2012 11:25am
Quoting Chulmleigh
Do you let every trade run? Or do ever close early. I ask because I have (yet again) got TP well before the end of run. Its ok, but I do need to let the profits run, but I am very fearful of losing what I have.

EDIT: the answer is in the thread. bye
actualy the GU was easy for me, big candles up or down are, i just moved SL to the bottom of every finished candle until it hit the weekly open.....hell, i should have done the same on UChf as i would have took profit now at +70 (at .9200 and 100ma)

although the EJ could give you +100 pips the KRC of 50pips was a bit big for me.
  • #460
  • Feb 16, 2012 11:31am Feb 16, 2012 11:31am
Quoting nbelchior
However, it touched already the 61.8 Fibo, so i think itīll be a rebound of some kind.
please don't start bring fibs in etc...as next we'll have people with stochs, Fozzy's and RSI etc.
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