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Forex | The World of Johnny Kobol 007

  • #281
  • Oct 27, 2015 3:57pm Oct 27, 2015 3:57pm

Price


in this journey i learn something.
Price move more fast or slow .
Why because have obstacles.
For exemple Support and Resistance .

Much Support and Resistance the price slow
Less Support and Resistance the price more fast.

Imagine the crowd and you are in the center of the crowd.
You will walk very slow .
if not crown, you are alone , you can walk fast ,run etc...

I do not remeber well the techincal term.
But is Walk, Air ,Space.

In this day I've been thinking where would by this space/Air in this strategy.

I'll risk,i will change the name Space/air for Black Zones

Cheers
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  • #282
  • Oct 27, 2015 4:35pm Oct 27, 2015 4:35pm
i think is this my first " Swing Trades "
Let see what i learn from there.

Nzd cad , Nzd chf spread 7 errrr LOL

Waiting for USD CAD.
Almost

Maybe i entry today .
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  • #283
  • Oct 27, 2015 7:49pm Oct 27, 2015 7:49pm
AUD /CAD with a bit lucky survive in a new AUD CPI


of my 4 pairs this is the pair which are lesse confident, thats why i put more tp small.

others pairs all cool they reacted well to news.

Not today usd cad :x

+17 hours news return , new obstacle.
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  • #284
  • Oct 28, 2015 7:54am Oct 28, 2015 7:54am
yeaaaaaaaaaah

lets see if i continue in this trades or exit.

bu for now
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  • #285
  • Oct 28, 2015 8:18am Oct 28, 2015 8:18am
Hi K

Further to our discussions, I found a mtf indicator which reasonably detects the areas of interest, which I found on the MTF Dashboard thread.

I've had a play around with it, adjusting here and there to get something like I want.

Here's some pics to illustrate what I mean and how it could assist...it saves re-inventing the wheel for specific indicators. This one is powered off of stochastic, macd and price I think, it is an .exe file so not sure whats under the bonnet, but it seems to do the trick as I was trying to explain for easily identifying strong candidates for focusing on the price action against the main t/fs.

All parameters are adjustable which makes it pretty versatile....the image shown is for 3 t/fs which is what I'm interested in, but there's capacity for 7.

You may also find it useful I was thinking, but disregard if not.

Cheers

LL

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Attached File(s)
File Type: ex4 MTFAlertMultiCurrency.ex4   36 KB | 262 downloads
  • #286
  • Oct 28, 2015 8:27am Oct 28, 2015 8:27am
hi tks It seems to be interesting . test test

how are your aud cad already left?
  • #287
  • Oct 28, 2015 8:28am Oct 28, 2015 8:28am
CAD CHF with some concerns .
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  • #288
  • Oct 28, 2015 8:37am Oct 28, 2015 8:37am
Quoting kobol007
hi tks It seems to be interesting . test test how are your aud cad already left?
AC doing well

2 positions hit t/p 150 pips

3rd pos in play still, s/l adjusted to be +120

It's worked out a very good set of trades

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Cheers

LL
  • #289
  • Oct 28, 2015 8:45am Oct 28, 2015 8:45am
Quoting Landline
{quote} AC doing well 2 positions hit t/p 150 pips 3rd pos in play still, s/l adjusted to be +120 It's worked out a very good set of trades {image} Cheers LL
f****** machine Green Pips

who knows, knows

that expression 8 or 80 .

say you are only working with 80

Is like that

Monster Landline eheh
  • #290
  • Oct 28, 2015 8:51am Oct 28, 2015 8:51am
Quoting Landline
{quote} AC doing well 2 positions hit t/p 150 pips 3rd pos in play still, s/l adjusted to be +120 It's worked out a very good set of trades {image} Cheers LL
With your Style CAD CHF is let it roll ?
or what i want to ask you exit in same trade because direction is not clear ?
simplay way worth goin out ? or let it roll ? with this strategy i believe that statistical should be 10 win -3 lost , 10 win - 2 lost ......
  • #291
  • Oct 28, 2015 8:51am Oct 28, 2015 8:51am
Quoting kobol007
{quote} f****** machine Green Pips who knows, knows that expression 8 or 80 . say you are only working with 80 Is like that Monster Landline eheh
lol...nothings certain in trading, but I get my fair share of success and that's what matters to me and my unusual style hahaha.

Most think it's nonsense, so what, it works for me nicely so I'm in no rush to change what I do.

Practice makes perfect as they say!

LL
  • #292
  • Oct 28, 2015 8:57am Oct 28, 2015 8:57am
Quoting kobol007
{quote} With your Style CAD CHF is let it roll ? or what i want to ask you exit in same trade because direction is not clear ? simplay way worth goin out ? or let it roll ? with this strategy i believe that statistical should be 10 win -3 lost , 10 win - 2 lost ......
Give me a few minutes to study and I'll give you my view on it ok
  • #293
  • Oct 28, 2015 9:03am Oct 28, 2015 9:03am
Quoting Landline
{quote} Give me a few minutes to study and I'll give you my view on it ok
  • #294
  • Oct 28, 2015 9:07am Oct 28, 2015 9:07am
i had to pamper usd cad this week.
Other account I want to be aware of these three trades
My entry is late. but anyway

Black Zone lets gooooooooo
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  • #295
  • Oct 28, 2015 9:11am Oct 28, 2015 9:11am
Quoting kobol007
{quote} With your Style CAD CHF is let it roll ? or what i want to ask you exit in same trade because direction is not clear ? simplay way worth goin out ? or let it roll ? with this strategy i believe that statistical should be 10 win -3 lost , 10 win - 2 lost ......
To me I have to be honest and say price is more inclined to go up imo....BUT we could easily see a move south. It is a mixed bag of signals from my charts, and in your shoes I'd be saying to myself...ok im in the trade, I'll give it 30 or 40 pips breathing room to make it's mind up. Then seriously consider accepting you have got it wrong if it goes unfavourably and get out....theres always another day to get back into a trade after all.

So, i'd hang on for a while, and try to be patient with it is the bottom line for me, then get out if it CLEARLY goes wrong.
  • #296
  • Oct 28, 2015 9:26am Oct 28, 2015 9:26am
Quoting Landline
{quote} To me I have to be honest and say price is more inclined to go up imo....BUT we could easily see a move south. It is a mixed bag of signals from my charts, and in your shoes I'd be saying to myself...ok im in the trade, I'll give it 30 or 40 pips breathing room to make it's mind up. Then seriously consider accepting you have got it wrong if it goes unfavourably and get out....theres always another day to get back into a trade after all. So, i'd hang on for a while, and try to be patient with it is the bottom line for me, then get out if...
i have the feet on the ground.
My first ideia is make 25 pips day, with your style 125 week
with your style i believe is it clear possible or more.
it seems little but 500 pips per month is not for anyone.
but i want to climb graduating.


i am not looking only for green pips .
in this case I identify the change , but i was confused ,with this new strategy , what would make
i think now is already clear.

78 pips done more this open position cof cof , this going very well
  • #297
  • Oct 28, 2015 9:36am Oct 28, 2015 9:36am
Quoting kobol007
{quote} i have the feet on the ground. My first ideia is make 25 pips day, with your style 125 week with your style i believe is it clear possible or more. it seems little but 500 pips per month is not for anyone. but i want to climb graduating. i am not looking only for green pips . in this case I identify the change , but i was confused ,with this new strategy , what would make i think now is already clear. 78 pips done more this open position cof cof , this going very well
Yeah...as I've said before, you have a pretty good grasp of how to trade this way. Confidence in what you are seeing and how to trade it though doesn't happen overnight, and you are quite correct to gently take the steps to build on your confidence in the system. It doesn't matter what I or anybody else tells you (and there's plenty of b/sh.....rs on these forums, that would lead you to believe otherwise), in time your experience using a proven method will be the only thing that convinces you....understandably!

Keep cracking on though mate....you can do it.
  • #298
  • Oct 28, 2015 9:42am Oct 28, 2015 9:42am
CAD CHF
i can exit like -4 pips
but in this world if yes if not it does not matter.

next time i exit soon , and maybe re enter in this high zones.
when appear signs of reversal of course
Because i believe the signal continue good , It had been some obstacles by the middle, is forex.
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  • #299
  • Oct 28, 2015 9:52am Oct 28, 2015 9:52am
Quoting Landline
{quote} Yeah...as I've said before, you have a pretty good grasp of how to trade this way. Confidence in what you are seeing and how to trade it though doesn't happen overnight, and you are quite correct to gently take the steps to build on your confidence in the system. It doesn't matter what I or anybody else tells you (and there's plenty of b/sh.....rs on these forums, that would lead you to believe otherwise), in time your experience using a proven method will be the only thing that convinces you....understandably! Keep cracking on though mate....you...
yours word for me is gold with you know tks again

i am looking for nzd cad , nzd chf , only down down down .

you have only pattern to exit ? like you say 20/30 % ?
if 80 pips 80 - 20 like exit in 60 pips ?

Have any tips/knowledge/help ?
  • #300
  • Oct 28, 2015 10:08am Oct 28, 2015 10:08am
Quoting kobol007
{quote} yours word for me is gold with you know tks again i am looking for nzd cad , nzd chf , only down down down . you have only pattern to exit ? like you say 20/30 % ? if 80 pips 80 - 20 like exit in 60 pips ? Have any tips for me ?
Profit taking is relative to the t/f you are trading.

So...let's take a 4hr chart for example. I will usually have 3 positions in play at my entry. All 3 will have the same s/l. I will have 3 different t/p targets though.

Usually something like this: 50, 100, 200

Once tp1 is reached, I move all sl closer, but still ensuring I have ample breathing room. Around the 75 pip mark, I know (more often than not) that momentum has a grip on price now, and at that point (usually) I get my s/l to be +10. I am now in 2 free trades, and can relax.

Using that very basic principle will give you more winners than losers in my experience, and the beauty is that, we never exit the final trade too early....we want to be stopped out!....That way we are never disappointed by saying...damn, I got out leaving chunks on the table still, which is something most traders actually do!

Have a think about that, and see how you can start off-setting risk at the right moment, to get into freebies!....you know what I mean, I've posted countless examples by now of my live set ups

LL
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