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True Trading Tactics

  • #761
  • Feb 23, 2012 1:33am Feb 23, 2012 1:33am
Triple Ten (AU, EU, and GU) doing Good!
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #762
  • Edited 3:10am Feb 23, 2012 3:04am | Edited 3:10am
Quoting Holy pips
I had a trade on the EU earlier on my 15mins charts around 2pm(Gmt+1), this actually went my way downwards for about 20pips but almost immediately my tp was hit, a reversal began.

I really like the systems tactics but how do you guys take a trade, do you wait till the daily high or low is reached on adr before waiting for krc? Or is the signal taken on res/sup lines .

and how do you follow a trend on the daily chart Kraven, i kinda only take a few pips and start screaming when the trend continues.
Hi Holy Pips
With the M15 method just take the 1:1 every time. Back test it for ages and you will see that it pays. Put the longer trend out of your head. You will see that this method sometimes allows for re-entry. Also, when following a longer move you have to suffer pull-backs, which can seriously eat into the equity - dealing with this has been a particular problem of mine. With this method there are times when you can profit on those pull-backs.

I have a list to hand next to me so I can quickly determine lot size according to stop and % of pot. I Have also put 3 price labels on screen so I can quickly drag them into position and read as I fill out my order as you have to be quick. I have found (with, I must say, limited experience of actually trading this method) that an order works well as At Market has a delay which if the price moves quickly and adds the spread can easily see 5 pips removed from potential which matters.

Also, with regard to Support and Resistance. Calliou does not bother at all. But I have always liked to know where the round numbers are. On M15 I set to 25 pips. If I see a rejection of a number like this and I see a Pin-bar that hasn't quite reversed colour then I will most probably take it.

One more thing. If you get a competing KRC during the trade cut it dead. Perhaps even reverse it but do not let it run "just in case".

Cheers.

And remember...I am NOT the master of the markets.

EDIT: I should also have said that according to Calliou's method the rule is every reversal and it does not matter where price is relation to any other mark on the chart.
  • #763
  • Feb 23, 2012 3:55am Feb 23, 2012 3:55am
Good morning,

I have decided to look for M15 trades only, and since now Iīll be trading EUR/USD and GBP/USD, a calm morning for now, just +12 for GBP/USD.

Cheers
  • #764
  • Feb 23, 2012 4:08am Feb 23, 2012 4:08am
Quoting Caillou
Good morning,

I have decided to look for M15 trades only, and since now Iīll be trading EUR/USD and GBP/USD, a calm morning for now, just +12 for GBP/USD.

Cheers
I'm still really just forward testing today. I did take a couple of M15 EU trades though and got out of the H1 at BE so I was up on the day and managed to get back to BE for the week after my previously mentioned F* ups.

I will be using EU and AU as my broker gives me better spreads than GU. I suppose it's because it's an Aussie company.

Cheers then.
  • #765
  • Feb 23, 2012 4:16am Feb 23, 2012 4:16am
Quoting Chulmleigh
I'm still really just forward testing today. I did take a couple of M15 EU trades though and got out of the H1 at BE so I was up on the day and managed to get back to BE for the week after my previously mentioned F* ups.

I will be using EU and AU as my broker gives me better spreads than GU. I suppose it's because it's an Aussie company.

Cheers then.
Sure, if everything runs ok, I will be incorporating more pairs, AU, UC.......
  • #766
  • Feb 23, 2012 4:18am Feb 23, 2012 4:18am
Quoting Caillou
Sure, if everything runs ok, I will be incorporating more pairs, AU, UC.......
Would you limit how many trades you were in given multiple signals? It could get pretty sticky to manage.
  • #767
  • Feb 23, 2012 4:18am Feb 23, 2012 4:18am
Quoting Caillou
Sure, if everything runs ok, I will be incorporating more pairs, AU, UC.......
Reversals or continuations or both?
  • #768
  • Feb 23, 2012 4:25am Feb 23, 2012 4:25am
hey guys,can anyone advise me why my offline Range bar charts are not active when I open them?

thanks
  • #769
  • Feb 23, 2012 4:25am Feb 23, 2012 4:25am
Quoting pi piper
Reversals or continuations or both?
He uses every reversal Trend and Counter Trend.
  • #770
  • Feb 23, 2012 4:33am Feb 23, 2012 4:33am
Quoting Chulmleigh
Would you limit how many trades you were in given multiple signals? It could get pretty sticky to manage.

Once Iīm in a trade, I set the TP and SL and I never modify that so once a trade is running, I forget it and look for a new possible trade in other pair. Itīs not really difficult to follow 5-6 pairs......
  • #771
  • Feb 23, 2012 4:33am Feb 23, 2012 4:33am
Quoting Chulmleigh
He uses every reversal Trend and Counter Trend.
So I see none today so far but Calliou says he booked some pips on GU?
  • #772
  • Feb 23, 2012 4:38am Feb 23, 2012 4:38am
Quoting pi piper
So I see none today so far but Calliou says he booked some pips on GU?
It's the 8:45 candle. It's classed as a KRC as it just shades the previous one and makes a very tiny Swing Low.
  • #773
  • Feb 23, 2012 4:39am Feb 23, 2012 4:39am
Quoting Chulmleigh
It's the 8:45 candle. It's classed as a KRC as it just shades the previous one and makes a very tiny Swing Low.

Exactly
  • #774
  • Feb 23, 2012 4:40am Feb 23, 2012 4:40am
Quoting Caillou
Once Iīm in a trade, I set the TP and SL and I never modify that so once a trade is running, I forget it and look for a new possible trade in other pair. Itīs not really difficult to follow 5-6 pairs......
Fair dooze. I'll cut my teeth first otherwise I will have silly thoughts of holidays in the West Indies and having a large country house. Ahhh...
  • #775
  • Edited 4:46am Feb 23, 2012 4:42am | Edited 4:46am
Anyway. Test update. EU 1 trade 30 pips. AU 2 trades 18 and 10 respectively.

EDIT: in each case this is after the spread. I will be honest if I post more and figures will be NET not GROSS.
  • #776
  • Feb 23, 2012 4:48am Feb 23, 2012 4:48am
Quoting Caillou
Exactly
Hi Caillou;

Now, you signal is in reverse trade GBPUSD (short, 11:00 CET) or reentry (long, 11:15).

Thanks
  • #777
  • Feb 23, 2012 4:51am Feb 23, 2012 4:51am
...that Kraven started this thread with H1 candles. So I suppose we shouldn't get too M15 heavy.

Kraven. If you wish it to desist you will say, won't you?

Vay 'umbly yours.
  • #778
  • Feb 23, 2012 4:54am Feb 23, 2012 4:54am
Quoting chaveznqoos
Hi Caillou;

Now, you signal is in reverse trade GBPUSD (short, 11:00 CET) or reentry (long, 11:15).

Thanks
Hola amigo,

No, 8h45 candle, long......
  • #779
  • Feb 23, 2012 4:56am Feb 23, 2012 4:56am
Quoting Chulmleigh
...that Kraven started this thread with H1 candles. So I suppose we shouldn't get too M15 heavy.

Kraven. If you wish it to desist you will say, won't you?

Vay 'umbly yours.

Totally agreed, if Kraven is ok, I will stop posting M15 results, itīs his system, and his thread, I have only change the timeframe, rules are strictly Kravenīs rules.......
  • #780
  • Feb 23, 2012 5:02am Feb 23, 2012 5:02am
Quoting chaveznqoos
Hi Caillou;

Now, you signal is in reverse trade GBPUSD (short, 11:00 CET) or reentry (long, 11:15).

Thanks
I agree, 11.00 candle is a reversal candle?
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