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True Trading Tactics

  • #681
  • Feb 21, 2012 6:26pm Feb 21, 2012 6:26pm
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!
Hi WestAus,

Where in WA are you ? I'm in Mandurah (just curious).
  • #682
  • Feb 21, 2012 8:08pm Feb 21, 2012 8:08pm
I actually work and live in the pilbara but am in perth for a couple of weeks, just finished travelling europe/canada for 6 months

Keen to trade with others actually!
  • #683
  • Feb 21, 2012 9:14pm Feb 21, 2012 9:14pm
Quoting handy148
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
there are 2 indicators that a couple of guy's made. there on this thread. they will show you the candle but it's up to you to decide whether they are good enough to enter.

my last AU trade i took for +25 went down over 70 ahhhh welll.
  • #684
  • Feb 21, 2012 9:16pm Feb 21, 2012 9:16pm
Quoting Angie 2012
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.
hello Angie and welcome.
  • #685
  • Feb 21, 2012 9:42pm Feb 21, 2012 9:42pm
Still in GU daily.


just place order on UChf and EU daily...there not great


I'm also looking at EJ to see if it rejects the 200ma or continues past 106.00....just seen how early i bailed on my last EJ daily trade, i'd be 500pips up

notice i missed a NU daily earlier, must have been the sunday gap that threw me....shame it's went 70
  • #686
  • Feb 21, 2012 9:59pm Feb 21, 2012 9:59pm
Quoting kraven
there are 2 indicators that a couple of guy's made. there on this thread. they will show you the candle but it's up to you to decide whether they are good enough to enter.

my last AU trade i took for +25 went down over 70 ahhhh welll.
do you always take your first profit (partial) at R1:1? how else do you do it? thanks...
  • #687
  • Feb 21, 2012 10:02pm Feb 21, 2012 10:02pm
Quoting kraven
Still in GU daily.


just place order on UChf and EU daily...there not great


I'm also looking at EJ to see if it rejects the 200ma or continues past 106.00....just seen how early i bailed on my last EJ daily trade, i'd be 500pips up

notice i missed a NU daily earlier, must have been the sunday gap that threw me....shame it's went 70
i don't see the daily signals you mentioned (UChf, EU, NU), do you mind posting the chart? thanks...
  • #688
  • Feb 22, 2012 2:48am Feb 22, 2012 2:48am
Possible H1 trades coming up on:

EURUSD

EURJPY

SWISSY

All from high or low of the day thus far.
  • #689
  • Feb 22, 2012 3:05am Feb 22, 2012 3:05am
Quoting Gt3rs
Possible H1 trades coming up on:

EURUSD

EURJPY

SWISSY

All from high or low of the day thus far.
I'm in EU, EJ. Less cavalier with my stops today.
  • #690
  • Feb 22, 2012 3:08am Feb 22, 2012 3:08am
short on e/j?
  • #691
  • Feb 22, 2012 3:11am Feb 22, 2012 3:11am
Quoting stevebalmmer
short on e/j?
yes. Triggered and immediately gone a bit north. We'll see.
  • #692
  • Feb 22, 2012 3:13am Feb 22, 2012 3:13am
ok we wait, setup is not so good this time.
e/j is on a uptrend on h4.

Quoting Chulmleigh
yes. Triggered and immediately gone a bit north. We'll see.
  • #693
  • Feb 22, 2012 3:17am Feb 22, 2012 3:17am
Quoting stevebalmmer
ok we wait, setup is not so good this time.
e/j is on a uptrend on h4.
Yes, but I'm looking 1:1 and there have been H1 pull-backs throughout that H4 move.
  • #694
  • Feb 22, 2012 3:20am Feb 22, 2012 3:20am
Quoting stevebalmmer
ok we wait, setup is not so good this time.
e/j is on a uptrend on h4.
Ignore "trends".

This is a swing trading strategy.

If it looks like an uptrend, every man and his dog wants to go long.

That's a sure fire reason to to look for shorts..............................
  • #695
  • Feb 22, 2012 3:23am Feb 22, 2012 3:23am
oh yes, i have forget this.

Quoting Gt3rs
Ignore "trends".

This is a swing trading strategy.

If it looks like an uptrend, every man and his dog wants to go long.

That's a sure fire reason to to look for shorts..............................
  • #696
  • Feb 22, 2012 3:43am Feb 22, 2012 3:43am
Seems to me that one very good addition would be for someone with the time and coding skills to make a dashboard of all the pairs showing when a KRC has been indicated. It's a lot easier than watching lots of pairs and in M15 and H1 timeframes.
  • #697
  • Feb 22, 2012 3:46am Feb 22, 2012 3:46am
Quoting handy148
Seems to me that one very good addition would be for someone with the time and coding skills to make a dashboard of all the pairs showing when a KRC has been indicated. It's a lot easier than watching lots of pairs and in M15 and H1 timeframes.
Not at all necessary. Will just lead to confusion and over trading.

Just monitor the majors on H1 timeframe. More than enough trades.......

2 or 3 trades a week is plenty. Someone said some wise words very early in this thread about new traders feeling they have to be in the market all the time, when actually, the exact opposite is true......
  • #698
  • Feb 22, 2012 3:47am Feb 22, 2012 3:47am
Quoting Gt3rs
Not at all necessary. Will just lead to confusion and over trading.

Just monitor the majors on H1 timeframe. More than enough trades.......

2 or 3 trades a week is plenty. Someone said some wise words very early in this thread about new traders feeling they have to be in the market all the time, when actually, the exact opposite is true......
This is a lesson I am learning.
  • #699
  • Feb 22, 2012 3:48am Feb 22, 2012 3:48am
Quoting kraven
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


which signal did you trade on this chart ?
  • #700
  • Feb 22, 2012 4:03am Feb 22, 2012 4:03am
KRC on EU
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