True Trading Tactics | Page 41 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Carpe diem: Intraday tactics for Dax and Dow 54,658 replies

What tactics will prevent getting hurt in enormous swings? 7 replies

NEWBIE Tactics! 18 replies

S/R Trading tactics 4 replies

True Range Trading 2 replies

Attachments: True Trading Tactics
Exit Attachments

True Trading Tactics

  • #801
  • Feb 23, 2012 6:39am Feb 23, 2012 6:39am
Quoting kraven
Hello all,

i have no problems at all with you guys trying it on the 15min. i've mentioned a few times that i started out trading this on the 15min chart. For the purpose of explaination on this thread i used 1hr and daily (sometimes). Reasons being are that i trade these a lot now, they are nice and slow with 1 or 2 trades per day...the idea is to get across that 3 good trades a week are enough. also so people wouldn't get confused (when people are posting multiple entries on multiple TF's on several pairs and then expect me to comment...noooo)....
Lets stick to 1hr then,there would be less confusion,and plenty of time to alert others of a possible set up.I'm sure it would be better

Skype room would be good?
  • #802
  • Feb 23, 2012 6:47am Feb 23, 2012 6:47am
if people wish to trade 15mins why not do it the way i used too..

use your best spreads for two 15min charts (believe me this can be as important as your entry on lower TF's)...for me it's EU and GU.

use 3 or 4 other pairs on the 1hr TF's.

just a suggestion of how i used to play.
  • #803
  • Feb 23, 2012 6:48am Feb 23, 2012 6:48am
Caillou...
If it's not to much trouble, could you please highlite your entries and exits on the 15m chart that was posted with your comment...
I'm not sure I'm seeing it correctly...
Like the idea of using the 15m TF but keep missing the proper entry/exit...
Appreciate your input...
Thanks much
Cliff

Quoting Caillou
Done for the day.

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

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Caillou.gif Size: 117 KB
I get exercise just pushing my luck
  • #804
  • Feb 23, 2012 6:49am Feb 23, 2012 6:49am
Quoting FOURX
Lets stick to 1hr then,there would be less confusion,and plenty of time to alert others of a possible set up.I'm sure it would be better

Skype room would be good?
Understand completely. However if it works out for me I shall give thanks to those who have led me to it.

Cheers all.

Will watch with interest.

James.
  • #805
  • Feb 23, 2012 6:51am Feb 23, 2012 6:51am
Thanks Kraven... I like that idea... my ADD just gets in the way of using the longer TF's
Thanks much
Cliff

Quoting kraven
if people wish to trade 15mins why not do it the way i used too..

use your best spreads for two 15min charts (believe me this can be as important as your entry on lower TF's)...for me it's EU and GU.

use 3 or 4 other pairs on the 1hr TF's.

just a suggestion of how i used to play.
I get exercise just pushing my luck
  • #806
  • Feb 23, 2012 6:53am Feb 23, 2012 6:53am
Pure price action. Doesn't get much better.
  • #807
  • Feb 23, 2012 6:57am Feb 23, 2012 6:57am
Quoting Chulmleigh
Understand completely. However if it works out for me I shall give thanks to those who have led me to it.

Cheers all.

Will watch with interest.

James.
Hey mate,keep posting your input is valuable
  • #808
  • Feb 23, 2012 6:59am Feb 23, 2012 6:59am
Hi Kraven,

When you have multiple 1hr setups triggered on the majors, how do you select which trade to take? i.e., g/u, e/u, a/u, ...

Do you look at which has been "swinging" the most or where it is in relation to its ADR at all?

Thanks for posting the setups btw...too many times i have been on the other side of your trades it seems...all of those breakout fakeouts i used to take.
  • #809
  • Feb 23, 2012 7:04am Feb 23, 2012 7:04am
Quoting FOURX
Hey mate,keep posting your input is valuable
Ow, shucks Fourx.
But seriously if you're looking at H1 then Kraven and Gt3rs are probably the boyz.

Anyway, I'll probably find it hard to stay away. It's nice here.
  • #810
  • Feb 23, 2012 7:08am Feb 23, 2012 7:08am
Quoting pi piper
I see a H1 Reversal Candle on GU. The Trigger has not fired yet.
Kraven

Are you taking this setup?
  • #811
  • Edited 7:22am Feb 23, 2012 7:10am | Edited 7:22am
Quoting brightside
Hi Kraven,

When you have multiple 1hr setups triggered on the majors, how do you select which trade to take? i.e., g/u, e/u, a/u, ...

Do you look at which has been "swinging" the most or where it is in relation to its ADR at all?

Thanks for posting the setups btw...too many times i have been on the other side of your trades it seems...all of those breakout fakeouts i used to take.
Sorry brightside as with all trading there is no definitive answer. I do look at the swing and ADR, but also where the 100 annd 200mas are, the daily,weekly open etc...right now i'm in EJ and EU so got to cut this short
  • #812
  • Feb 23, 2012 7:21am Feb 23, 2012 7:21am
ok i'm out of EJ for 1:1 (i was in both EJ and EU...i put GU by mistake on my last quick post). I got out because both kind of mirror each other, the pips i took on EJ will about cover any potential losses on EU.

as i was trying to say in the last post all entries have to be looked at differently (it's also good practice to do so, something you'll probably not do on 15m TF)

what did i see in these 2 entries? EJ a trade with the trend, support from y high and 106.500...EU support from previous weeks high, which had previously been resistance that kept it range bound for a few days
  • #813
  • Feb 23, 2012 7:22am Feb 23, 2012 7:22am
Quoting kraven
Sorry brightside as with all trading there is no definitive answer. I do look at the swing and ADR, but also where the 100 annd 200mas are, the daily,weekly open etc...right now i'm in EJ and GU so got to cut this short
Hey Kraven...are you long or short on them?
  • #814
  • Feb 23, 2012 7:25am Feb 23, 2012 7:25am
Hi there,

Can i ask if some one can explane how you are managing tread in this situation, when after opening position next candle give opposite signal. This example is from yesterday EJ 1h chart.

Thank you in advance!
Attached Image
  • #815
  • Feb 23, 2012 7:25am Feb 23, 2012 7:25am
ok you were long then on pullbacks?
  • #816
  • Feb 23, 2012 7:28am Feb 23, 2012 7:28am
Hey Kraven

Why would you ignore that e/y reversal at the top?
  • #817
  • Feb 23, 2012 7:31am Feb 23, 2012 7:31am
Fourx, pi piper i am long

fourX EY reversal?

Dzero i'd probably exit and reassess the re-entry in the opersite direction
  • #818
  • Feb 23, 2012 7:38am Feb 23, 2012 7:38am
Quoting kraven
Dzero i'd probably exit and reassess the re-entry in the opersite direction
Thank you for replay, i was thinking so. Now i got some confirmation.
  • #819
  • Feb 23, 2012 7:39am Feb 23, 2012 7:39am
So I see a M15 setup on GU and if the H1 bar closes red then this is a H1 setup also - correct?
  • #820
  • Feb 23, 2012 7:42am Feb 23, 2012 7:42am
hey Kraven

the EJ pinbar 3 bars before your entry must have been a short signal, why did you not take it?
0 traders viewing now