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True Trading Tactics

  • #661
  • Feb 21, 2012 5:52am Feb 21, 2012 5:52am
Quoting RicOshea
I would feel more positive if 1.5800 broken though.
Still in this Cable trade with trailing stop of 27 pips (the original risk). Stop now moved to 15811 locking in 27 pips profit on my second half of trade.
  • #662
  • Feb 21, 2012 5:55am Feb 21, 2012 5:55am
Quoting kraven
i just got triggered into this one now.........for a daily the SL is fairly low and i ain't put much on.
well the GU daily is going down nicely, already been 50pips up. will take some at +75 at 1.57520...my SL is now only 8pips
  • #663
  • Feb 21, 2012 6:03am Feb 21, 2012 6:03am
Quoting RicOshea
Still in this Cable trade with trailing stop of 27 pips (the original risk). Stop now moved to 15811 locking in 27 pips profit on my second half of trade.
Ric if you are in the short from the 1hr KRC then welldone. do you not have a target? as this move has went well over 60pips, that's like 2/3rds of the days ADR. personnal that would have done me for a 1hr trade.
  • #664
  • Feb 21, 2012 6:07am Feb 21, 2012 6:07am
Quoting kraven
Ric if you are in the short from the 1hr KRC then welldone. do you not have a target? as this move has went well over 60pips, that's like 2/3rds of the days ADR. personnal that would have done me for a 1hr trade.
Thanks for info and advice-I'm trying to cure myself of a bad trading fault (one of many!) of taking profits far too early. I thought I would set a trailing stop on my platform (IG Index) and see where it takes me on this occasion.
  • #665
  • Feb 21, 2012 6:12am Feb 21, 2012 6:12am
Quoting kraven
as this move has went well over 60pips, that's like 2/3rds of the days ADR. personnal that would have done me for a 1hr trade.
Wise words indeed! I'd vouch for you if I could!
  • #666
  • Feb 21, 2012 6:27am Feb 21, 2012 6:27am
Quoting Omd

missed a nice AU signal at 1100h. moving up now. anyone took it?
Yeah im in at 1.0676.
SL - 1.0656
TP - 107.26

Entered 21:31
  • #667
  • Feb 21, 2012 6:54am Feb 21, 2012 6:54am
Quoting RicOshea
Thanks for info and advice-I'm trying to cure myself of a bad trading fault (one of many!) of taking profits far too early. I thought I would set a trailing stop on my platform (IG Index) and see where it takes me on this occasion.
Took 50+ pips after price neared my stop and then moved down again-
  • #668
  • Feb 21, 2012 7:11am Feb 21, 2012 7:11am
Used a KRC on M15 off resistance TP at 200ma. Worked nicely.
  • #669
  • Feb 21, 2012 7:12am Feb 21, 2012 7:12am
Quoting Chulmleigh
Used a KRC on M15 off resistance TP at 200ma. Worked nicely.
whats krc?
  • #670
  • Feb 21, 2012 7:14am Feb 21, 2012 7:14am
Quoting WestAus
whats krc?
Kraven has got him (possibly her) self a reversal candle named in honour of the system. Kraven Reversal Candle.
  • #671
  • Feb 21, 2012 7:14am Feb 21, 2012 7:14am
Quoting WestAus
whats krc?
Kravens Reverse Candle
  • #672
  • Feb 21, 2012 7:45am Feb 21, 2012 7:45am
Quoting tomthepoppop
Kravens Reverse Candle
lol i see,
dont want to spoil the fun but candle stick trading is nothing new, and about ever type of candlestick uve seen in this thread, including reversal/doji are widely used, for decades
great way to trade options using them, on us equities!
  • #673
  • Feb 21, 2012 7:53am Feb 21, 2012 7:53am
Quoting WestAus
lol i see,
dont want to spoil the fun but candle stick trading is nothing new, and about ever type of candlestick uve seen in this thread, including reversal/doji are widely used, for decades
great way to trade options using them, on us equities!
Yeah we all know that and Kraven says as much too. The thing here is not so much the type of stick, only one that turns the opposite colour to the trend and at the Top or Bottom (of course we don't know if it's a reversal yet). Entry is at the breakout of the signal candle, stop above/below. So this process is KRC.

It can be used on pull backs and re-entries too.

It's just another method. And as I said Kraven doesn't really lay claim to it as such.

I don't think he even named it.

Cheers
  • #674
  • Feb 21, 2012 9:03am Feb 21, 2012 9:03am
Done for the day.

EUR/USD H1: + 12
EUR/USD M15: + 85

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 130 KB
  • #675
  • Feb 21, 2012 9:30am Feb 21, 2012 9:30am
just below the low at 105.66 or so ??
  • #676
  • Feb 21, 2012 10:15am Feb 21, 2012 10:15am
in...half out for +11...sl to BE
Attached Image (click to enlarge)
Click to Enlarge Name: lines.png Size: 22 KB
  • #677
  • Feb 21, 2012 12:31pm Feb 21, 2012 12:31pm
once again the last lot of signals all look like winners...i moved my stop early on EU and got stopped for BE after taking 11pips. i jumped into AU as well, but all entries on the pairs i watch have come good with varying success...

..i took profit of +25 after this pic

..wish i had jumped in on all 6 pair signals
Attached Image (click to enlarge)
Click to Enlarge Name: lines.png Size: 17 KB
  • #678
  • Feb 21, 2012 1:20pm Feb 21, 2012 1:20pm
2 set-ups happening now..EJ and NU

NU has 100mas, y low, 83500 resistance above it, the todays open..however it has just closed the weekend gap

EJ has nothing really above and 105.500 support below, if it breaks i'm in with 17pip sl last for the day
  • #679
  • Feb 21, 2012 2:04pm Feb 21, 2012 2:04pm
Hi Kraven, this is my first ever post on FF I joined just to participate in your thread, thank you for starting this really simple trading system. By the way I am also in the UK London actually. I work full time so am really only looking at the daily charts.
  • #680
  • Feb 21, 2012 2:33pm Feb 21, 2012 2:33pm
Kraven - would you kindly tell me how to get that KRC on the chart. I understood it was an EA rather than an indi and I have absolutely no experience with EA's. Thx.

Mike
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