Hi Lukz : There are no guaranties in this business , I can not tell you if this will work for you .
I bank 30 pips /day , 4 out of 5 days , 1-2 trades per day
Range bars are not a requirement , just a personal prefference , I would'nt spend $ on them .
The SEMAFOR IS THE KEY. We are looking for "areas of exhaustion "(Semafor )followed by " new energy "( Hanken Ashi & CCI ) .
WAIT for a Sema and then trade AWAY from it with a trigger of your choice, whether it be a Z-line , Buy-zone ,Mighty-zone or RAT etc...
I would demo -trade any method for 1-2 months until consistant and then go to cash with a Micro account .
This is my London trade today , on MT4 ,( same method without range bars )
Thanks for your interest ........Chappy
NINJA PLATFORM
Moderator: moderators
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- Patch
- rank: 500+ posts
- Posts: 941
- Joined: Sat Jan 06, 2007 6:13 pm
- Reputation: 0
- Location: Virginia
- Real name: Jeff
- Gender:
- Contact:
Lukx
What was your entry based on? Do you have a written trading plan?
Take a look at the CCI line at the time you entered the trade, what is it telling you?
Are you paper trading? or trading a mini account?
Keep working,
Patch
In VA
PS Why don't you go for a 3 pip profit on each trade you enter. I bet you would be profitable. Forget the home runs for now.
What was your entry based on? Do you have a written trading plan?
Take a look at the CCI line at the time you entered the trade, what is it telling you?
Are you paper trading? or trading a mini account?
Keep working,
Patch
In VA
PS Why don't you go for a 3 pip profit on each trade you enter. I bet you would be profitable. Forget the home runs for now.
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
Regarding "lukx" chart:
1) My MT4 M15 chart also shows a valid signal (HA color change and CCI cross the -100 line. There was a 3 sema at the pivot prior to the signal but it was a moving sema.
2) Ninja Trader chart (100 range): no signal
3) NT 50R chart there was a signal with a better entry (1.4900) and potential 20 pips profit. (I did not take it)
That is why I do not enter using M15 or 100R charts. The 50R seems good for better entries once the sema 3 shows up on thehigher timeframe/range charts
1) My MT4 M15 chart also shows a valid signal (HA color change and CCI cross the -100 line. There was a 3 sema at the pivot prior to the signal but it was a moving sema.
2) Ninja Trader chart (100 range): no signal
3) NT 50R chart there was a signal with a better entry (1.4900) and potential 20 pips profit. (I did not take it)
That is why I do not enter using M15 or 100R charts. The 50R seems good for better entries once the sema 3 shows up on thehigher timeframe/range charts
Lukz , You did nothing wrong . I would have taken the trade also .
It was a clear Sema just before the London open , everything looked good , it just did'nt produce ......thats trading !
After the fact we can see that it was a very small range day ,about 75 pips from London open to friday close , not a lot to work with .
The chart shows a few more trades , that if taken , would have salvaged the day .
Hang tuff ... It will be worth it all .............Chap
It was a clear Sema just before the London open , everything looked good , it just did'nt produce ......thats trading !
After the fact we can see that it was a very small range day ,about 75 pips from London open to friday close , not a lot to work with .
The chart shows a few more trades , that if taken , would have salvaged the day .
Hang tuff ... It will be worth it all .............Chap
- Attachments
-
- m51.gif (18.87 KiB) Viewed 3595 times
P,S, ..Also remember , the Semafor is showing an exhaustion area . It may not last long ( only a few pips retraced ) or it may last all day ( a complete reversal swing ). We never know for sure , but if we kill the losers fast , we will be winners .
Last edited by dchappy on Fri Oct 16, 2009 11:28 pm, edited 1 time in total.
- monolisa
- rank: 150+ posts
- Posts: 351
- Joined: Fri Jun 12, 2009 11:38 am
- Reputation: 0
- Location: All Quiet on the Western Front
- Gender:
lukx,
dchappy is right. BTW, losing trade is part of the game. Think of it as business expenses. Just make sure it's small relative to your gains.
I use M10 chart with good result.
Lis
dchappy is right. BTW, losing trade is part of the game. Think of it as business expenses. Just make sure it's small relative to your gains.
I use M10 chart with good result.
Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu
- monolisa
- rank: 150+ posts
- Posts: 351
- Joined: Fri Jun 12, 2009 11:38 am
- Reputation: 0
- Location: All Quiet on the Western Front
- Gender:
IMHO, when buying/selling is done (by the big boys) you have the exhaustion points.
Lis
Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.