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True Trading Tactics

  • #501
  • Feb 17, 2012 8:29am Feb 17, 2012 8:29am
Quoting Omd
can the UChf 1200h dead stop be used as a signal for downward trend continuation?

Are you in?
  • #502
  • Feb 17, 2012 8:32am Feb 17, 2012 8:32am
Speak to you all on Monday, bye.
  • #503
  • Feb 17, 2012 8:56am Feb 17, 2012 8:56am
Guys look to the beautiful red candle on eurusd 1h. Possible setup for a short entry.
  • #504
  • Feb 17, 2012 9:06am Feb 17, 2012 9:06am
stevebalmer sorry long time i saw you're on so i decided to logon did you tried the software
  • #505
  • Feb 17, 2012 9:09am Feb 17, 2012 9:09am
wich software you mean? at we ask? adr?

Quoting Tiwa
stevebalmer sorry long time i saw you're on so i decided to logon did you tried the software
  • #506
  • Feb 17, 2012 9:12am Feb 17, 2012 9:12am
the quick trailling
  • #507
  • Feb 17, 2012 9:12am Feb 17, 2012 9:12am
Quoting Gt3rs
I'd say yes, but with the very strong caveat that this would be a B grade set up due to ranging action.

But why trade B grade setups when you can WAIT for the A graders....................?
i know...as a newbie, that's one of the toughest lessons for me to learn...still training my patience...
  • #508
  • Feb 17, 2012 9:16am Feb 17, 2012 9:16am
Quoting Chulmleigh
Are you in?
yes i demo-shorted it...
  • #509
  • Edited 11:53am Feb 17, 2012 10:25am | Edited 11:53am
tip on dead stops: don't always wait until the second candle finishes, enter on the break of the first candle. pics UChf and EU (couldn't resist the sell of the perfect pinbar of EU...remember a tight pinbar is only a couple of pips from being a KRC)

****got a pm about the actual entries below (red green lines). i just bailed early on both for +24 each..one hit todays open the other the trend line support.....i entered 1 trade on pin, the other was on a trendline and recent low area (nothing to do with KRC..just went on a whim)
Attached Images
  • #510
  • Feb 17, 2012 3:47pm Feb 17, 2012 3:47pm
Friday

H1: no trades
M15: + 63 pips

This week

H1: - 10 pips
M15: + 255 pips

EUR/USD, London Session, every Reversal Candle.
  • #511
  • Feb 17, 2012 6:34pm Feb 17, 2012 6:34pm
Quoting Caillou
Friday

H1: no trades
M15: + 63 pips

This week

H1: - 10 pips
M15: + 255 pips

EUR/USD, London Session, every Reversal Candle.

Can you explain your MM on 15 min, do you trade 1:1 RR or more with BE and where you put your SL?
Thanks
  • #512
  • Edited 7:03pm Feb 17, 2012 7:02pm | Edited 7:03pm
Hi Caillou
Are those pips minus the spread? Are orders used with allowance for the spread?
Cheers.
  • #513
  • Feb 17, 2012 7:19pm Feb 17, 2012 7:19pm
Quoting redbox
still crude EA...
will open position if price break through reversal candle...

i put MinHeight Parameter here, so this EA will not open any order if KRC height is below minimum height.

i tried at USDCAD and the result is almost break even...
do i miss something?
what to do with ADR?

feel free to give suggestion on improvement.
i will try to make it better.
Hi.
can you the MQL file.
i think you can use ZigZag to filter the trend.
thanks
  • #514
  • Feb 17, 2012 8:18pm Feb 17, 2012 8:18pm
Hey Kraven, nice thread I trade a similar way but with channels. Quick question do u think a trailing stop set a few pips above the last candle would maximize gains and take the tp guess work out, thanks.
  • #515
  • Feb 17, 2012 9:29pm Feb 17, 2012 9:29pm
Quoting RBlackburn
Hey Kraven, nice thread I trade a similar way but with channels. Quick question do u think a trailing stop set a few pips above the last candle would maximize gains and take the tp guess work out, thanks.
not really, I don't believe in anything fixed or trailing. each trade should be analyzed seperately. a great example is the GU on thursday. i put the SL behind the bottom of each closed candle going up. because these candles were were 34,67,60pips each by the time i moved the SL to the 3rd candle i was 50pips up.

i've briefly looked at the 1hr entries this week from 7:00 til 21:00, done "KRC size SL/max profit" and gave my opinion..
EJ...22/115, 21/loss, 39/17 poor entry, 27/106, 48/140
EU...42/loss poor entry, 34/114+, 13/14
UChf..21/124 (ended the next day with dead stop) this dead stop was 21/100
NU...15/16, 20/55, 30/17 poor entry, 36/140 into next day.
AU...34/never got stopped,could have ran 130 but another signal caused BE, 18/13, 25/78, 30/65

choose your entries and there's more then enough good entries on 1hr...even at RR1:1 and poor entries it's about +160, let the good ones run a bit and take out some of the poor entries you can treble this.
  • #516
  • Feb 18, 2012 2:27am Feb 18, 2012 2:27am
Quoting newnew
Can you explain your MM on 15 min, do you trade 1:1 RR or more with BE and where you put your SL?
Thanks
Sure. 1:1, no BE, SL at Low (for Buy) or High (for Sell) of Reversal Candle.

Cheers
  • #517
  • Feb 18, 2012 2:30am Feb 18, 2012 2:30am
Quoting Chulmleigh
Hi Caillou
Are those pips minus the spread? Are orders used with allowance for the spread?
Cheers.
Spread included, in M15 you need very small spreads, in my case 0.5 for EUR/USD
  • #518
  • Feb 18, 2012 3:33am Feb 18, 2012 3:33am
Nice trading - can you post an M15 chart of one of them wwhen you have time. Thanks
  • #519
  • Feb 18, 2012 3:56am Feb 18, 2012 3:56am
Quoting kraven
ok dust has settled...i took this trade because of reasons on chart, plus spread only 1pip, this is important because of small TP...actualy it was RR 1:1 for +22pips.....NOTE, this pic is taking from my demo account as i've closed my other account now (keeps stoping???) and i'm now mucking around
ndle did.


hi kraven

the first short entry you circled , appears not a valid one. the red candle did not reach a highest high, the previous bullish candle did, so the red candle would not be a reversal candle right ? so no entry there.

similarly, the second entry, you waited for the second red candle to give you the signal. in this scenario how many red candles would you have waited before taking the signal, i.e. is there a limit to the number of candles you can wait ?
  • #520
  • Feb 18, 2012 9:35am Feb 18, 2012 9:35am
Quoting Caillou
Sure. 1:1, no BE, SL at Low (for Buy) or High (for Sell) of Reversal Candle.

Cheers
Thank you. I made back test for last week it was nice on 15 Min. Have you tried any another pair except EURUSD?
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