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Forex | The World of Johnny Kobol 007

  • #161
  • Oct 20, 2015 10:04am Oct 20, 2015 10:04am
Quoting Landline
{quote} I don't fully understand you, but ok if there is no advantage to remain in the trade with a small portion, then you may as well bail out as you have described I think
in general view approach the environment forex (news close/open) is cool if i dont see the necessary conditions to be in trade, Out

Free money trailing stop with 20%stop ? is that ?
  • #162
  • Oct 20, 2015 10:13am Oct 20, 2015 10:13am
Quoting Jhlewis10
I bailed on it all. demo testing of course for now. {image}

can you share ,what you are doing ?
Sl
tp
h1 ?
time trades (i like the know this :x )
  • #163
  • Oct 20, 2015 10:13am Oct 20, 2015 10:13am
Quoting kobol007
{quote} in general view approach the environment forex (news close/open) is cool if i dont see the necessary conditions to be in trade, Out Free money trailing stop with 20%stop ? is that ?
It depends...in my case I took 60% and set s/l to be +20....that means I have a hard s/l now of 70 for the remaining 40%.

I fancy the chances that it could run, so I'm not too fussed about trailing yet, but that does become a real option once I get to a safe enough cushion. At the moment I am not in that position so a decent hard stop is fine, bearing in mind that the hard bit has been covered ie I can't loose now whatever happens to that trade. This is usually my approach, and the reason is that we always kick ourselves if we exit too early and leave a lot more on the table. This way though ensures we will not be disappointed if you understand me.

LL
  • #164
  • Oct 20, 2015 10:29am Oct 20, 2015 10:29am
Quoting Landline
{quote} It depends...in my case I took 60% and set s/l to be +20....that means I have a hard s/l now of 70 for the remaining 40%. I fancy the chances that it could run, so I'm not too fussed about trailing yet, but that does become a real option once I get to a safe enough cushion. At the moment I am not in that position so a decent hard stop is fine, bearing in mind that the hard bit has been covered ie I can't loose now whatever happens to that trade. This is usually my approach, and the reason is that we always kick ourselves if we exit too early...
i think i understand.i think i continue with an aprroach slowly here i go .
for now is not my main preoccupation.
Learn your strategy and next start to begin to sl manually or trailing .
But of course that your opinion is always a great help
  • #165
  • Oct 20, 2015 10:33am Oct 20, 2015 10:33am
Quoting kobol007
{quote} i think i understand.i think i continue with an aprroach slowly here i go . for now is not my main preoccupation. Learn your strategy and next start to begin to sl manually or trailing . But of course that your opinion is always a great help
No prob, taking profit never hurt anybody lol
  • #166
  • Oct 20, 2015 10:35am Oct 20, 2015 10:35am
i dont know if you know .
this is my datebase trailing.

Or for those who already want to start doing these tests.

Cheers
Attached File(s)
File Type: rar cork_pop.rar   2 KB | 289 downloads
File Type: ex4 WUKAR_WB_Trail_v1_3_2e.ex4   29 KB | 295 downloads
File Type: mq4 Wheelbarrel Trailing_v1.2.mq4   3 KB | 329 downloads
  • #167
  • Oct 20, 2015 10:37am Oct 20, 2015 10:37am
Quoting Landline
{quote} No prob, taking profit never hurt anybody lol
Btw K...if you see any good looking signals can you let me know please if possible...I don't spot everything myself with all the pairs and different t/fs.

If not possible it's ok still, but more eyes are better that was all I was thinking.
  • #168
  • Oct 20, 2015 10:43am Oct 20, 2015 10:43am
Quoting Landline
{quote} Btw K...if you see any good looking signals can you let me know please if possible...I don't spot everything myself with all the pairs and different t/fs. If not possible it's ok still, but more eyes are better that was all I was thinking.
of course

if i not posting is because i am doing others things.
Like today my target 48 pips ahah right now i m not desperately for a signal.

I think my target is 20 25 pips daily or work for a signal or 2 per day.
  • #169
  • Oct 20, 2015 10:46am Oct 20, 2015 10:46am
Quoting kobol007
{quote} of course if i not posting is because i am doing others things. Like today my target 48 pips ahah right now i m not desperately for a signal. I think my target is 20 25 pips daily or work for a signal or 2 per day.
and today i was looking for aud cad a bit retracement london close.
did not see well the news . or what is happening today.
Understand first if is a change direction ou retracement.( Forex environnment)
  • #170
  • Oct 20, 2015 10:47am Oct 20, 2015 10:47am
Quoting kobol007
{quote} of course if i not posting is because i am doing others things. Like today my target 48 pips ahah right now i m not desperately for a signal. I think my target is 20 25 pips daily or work for a signal or 2 per day.
Good stuff....thanks

You have progressed really well in identifying the set ups, it is one of the easier styles of trading I think, and covers all the essential elements needed to create a strong signal in it's simplest format possible.

Keep it going mate
  • #171
  • Oct 20, 2015 10:51am Oct 20, 2015 10:51am
GN looks like a turn on 4h and D. Up to those prior lows is my target.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-10-20_1148.png Size: 33 KB
  • #172
  • Oct 20, 2015 10:54am Oct 20, 2015 10:54am
Quoting kobol007
{quote} can you share ,what you are doing ? Sl tp h1 ? time trades (i like the know this :x )
I have been trading 5m tf for a long time, but have been taking 1/3 profits at 20pips, move to BE +3, take 1/3 at 30 pips then let it ride with trail of 20.

But with higher TF I will need to adjust.

I bail, when I see pa I dont like or my acct is up like 1-2%
  • #173
  • Oct 20, 2015 10:56am Oct 20, 2015 10:56am
Quoting Jhlewis10
GN looks like a turn on 4h and D. Up to those prior lows is my target. {image}
Thanks for the heads up J

I agree h4 could well head north for a bit, but the daily bias is still heavily south at present, so on that basis, I'll be keeping a lookout on the h4 to get back to the downtrend, could take a few days mind you.
  • #174
  • Oct 20, 2015 10:58am Oct 20, 2015 10:58am
gbp jpy when i entry in last trades i watch this

for a buy but overbought and not entry.

and not entry if start with pattern of reversal i think is a good shoot.

M30 still not move.

for my style i think m30 h1 h4
M30 appear cool for more fast approach H1 .
and forget a bit d1
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy.jpg Size: 123 KB
  • #175
  • Oct 20, 2015 10:59am Oct 20, 2015 10:59am
Quoting Jhlewis10
{quote} I have been trading 5m tf for a long time, but have been taking 1/3 profits at 20pips, move to BE +3, take 1/3 at 30 pips then let it ride with trail of 20. But with higher TF I will need to adjust. I bail, when I see pa I dont like or my acct is up like 1-2%
Yes....it just goes to prove that there is no one size fits all in trading, and the main thing is if it aint broken dont't fix it lol
  • #176
  • Oct 20, 2015 11:02am Oct 20, 2015 11:02am
Quoting kobol007
gbp jpy when i entry in last trades i watch this for a buy but overbought and not entry. and not entry if start with pattern of reversal i think is a good shoot. M30 still not move. for my style i think m30 h1 h4 M30 appear cool for more fast approach H1 . and forget a bit d1 {image}
It has all the hallmarks of wanting to slowly grind up imo.
  • #177
  • Oct 20, 2015 4:18pm Oct 20, 2015 4:18pm
pending order add.

m30 visual downtrend
h1 start visual downtrend
h4 with good look
d1 not good luck

what i see in this
I will have a moment for catch my pips,if not the price will continue up
D1 appear start a uptrend.
in simple way this is scalp i think

cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp jpy 123.jpg Size: 241 KB
Click to Enlarge Name: gbp jpy d1.jpg Size: 160 KB
  • #178
  • Oct 20, 2015 4:22pm Oct 20, 2015 4:22pm
Quoting kobol007
pending order add. m30 visual downtrend h1 start visual downtrend h4 with good look d1 not good luck what i see in this I will have a moment for catch my pips,if not the price will continue up D1 appear start a uptrend. in simple way this is scalp i think cheers {image} {image}
Hi mate nice to c your corner here and about GJ , this is what I think..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #179
  • Oct 20, 2015 4:40pm Oct 20, 2015 4:40pm
Quoting Almo2312
{quote} Hi mate nice to c your corner here and about GJ , this is what I think..{image}
Hi yeah good entry. a break is a break

what i see

i dont have a clear trend for now

the price may find a certain obstacles

the price is falling a few hours.

i do not know if is good or not eheh.

but it is a factor to take into attention.

a big seer ahah

the price only have a clear trend in Frankfurt/London

Tokio will sidle or up.

but i could be completely wrong.

And my area price is overbought

And your entry is the perfect entry.


What i can say

Good Luck
  • #180
  • Oct 20, 2015 5:01pm Oct 20, 2015 5:01pm

Asian Session or "Tokio "


This hours the market is still a bit.
For entry a trade do have undersand well what happen in close London.
Retracement or Continuation trend ?
This is a crucial point if have 100% certainty is a 100 % clear trade (your analysis) go go
If not only good opportunity ,wait for crucial points

News
Open Tokio
Open Franfurt
Open London
Open NY

In average there will be always a Volatilty in this hours, when you can take advantage from it.

In average JPY move more than usual

IF you catch a trade like EUR/JPY Buy and EUR/USD is sell
The most likely to happen is in Asian Session

The others session it has tendency EUR/JPY and EUR/USD in harmonic.

What i can say is never forgot the check the external environnment "Forex"
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