Simple as 1-2-3

forex live trades, setups, charts

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dojirock
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Postby dojirock » Tue Aug 26, 2014 3:17 pm

Hi Nic,

I didnt know if your knew your using the osma histo, not the macd histogram?

If you did, then I assume your just going for 1-5 pips.

doji
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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nicoacademia
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Postby nicoacademia » Tue Aug 26, 2014 3:55 pm

yea. hehe. i kinda like the histo itself much more than the macd.
oh i misread. yea. i tweaked the settings so its not based on macd histo but more jumpy.

i usually try to secure 8-10pips depending on recent highs/demand/supply areas and roll the rest.

had to wait for eurjpy from 0603 onwards as i jumped the trigger.
took around the first 8pips then some at daily pivot then rest still rolling.

missed the gbpaud / euraud easy trade cos i was asleep. but they were building it up from 0100-0200 est. and after that it was so easy(compared to eurjpy /gbpjpy cluster clumping flat lining)


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RicG
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Postby RicG » Fri Oct 24, 2014 4:36 pm

dchappy wrote:Ric,,,,,,,You Da Man :smt023 :smt026 :smt041 BigGrin_Smile


Image
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dchappy
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Postby dchappy » Fri Oct 24, 2014 4:52 pm

CHA-CHIIIINNGGG !!!!!!

:smt023

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RicG
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Postby RicG » Fri Oct 24, 2014 4:57 pm

LOL, Yep - the ol' CCI/Trendline Break/34 EMA strategy still working great on all markets. :-)

Only reason I posted was because a long term Kreslik member PM'd me about it today.

Good to "see" you again dchappy. Hope you're doing great!

dchappy wrote:CHA-CHIIIINNGGG !!!!!!

:smt023
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

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dojirock
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Postby dojirock » Fri Oct 24, 2014 5:07 pm

Nice ric!
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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RicG
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Postby RicG » Fri Oct 24, 2014 5:10 pm

dojirock wrote:Nice ric!


Thanks doji - good to "see" you!
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

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RicG
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Postby RicG » Mon Oct 27, 2014 3:37 pm

Good morning traders,

(Please see comments below the charts):


Image



Chart on the left shows today's CCI/Trendline Break/34 EMA strategy trade that netted 24.6 pips. Notice that I took some heat on this one, but had my stop just above the closest blue line, giving me about a 2-1 risk-reward ratio.

Chart on the right shows a harmonic pattern trade that's still active, currently up about 26-27 pips with my profit target currently set at the cyan colored "Limit" line. Also took some initial heat on this one.

I bring up the "heat" topic to let new traders know, that you rarely get into a position and it goes immediately into profit. Taking "heat", dealing with that psychologically, and knowing when/where to take a stop loss is just part of the trading game.

I bring up the harmonic pattern setup, because of a PM conversation I've had the past few days with a trader here on Kreslik. He said he's very "mechanical" and doesn't feel comfortable using strategies that involve any subjectivity. I suggested he try learning harmonic patterns, because they have very specific mathematical/fibonacci rules and that might suit him well. These patterns have have a great Win % and Risk/Reward Ratio. They do take some time to learn, but IMHO that time spent is well worth it. In fact, it has become my favorite (and most profitable) method of trading.

Great trading to all,
Ric
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

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RicG
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Postby RicG » Tue Nov 18, 2014 1:56 am

I'm normally a scalper, but trying to also develop some longer term trade discipline.

Utilizing my CCI Trendline Break/34 EMA strategy, I've entered
NZD/JPY 3 times thus far. Long term, very optimistic targets
for this trade based on harmonics and 2007 highs, are
93.74, 95.98, and 98.89. If fundamental news comes out
and and changes this very nice strong uptrend,I'll still
get out with a solid profit.
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(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

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RicG
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Postby RicG » Tue Nov 18, 2014 9:17 am

Update - NZD/JPY testing 93.00 area . Stop Profits in place below strategic structure. 1st Profit Target only about 70 pips away.
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