Kreslik.com - traders community since 2006

It's completely discretionary , so there is no right or wrong ..but this is what I usually do . My initial stop is a few pips above/below the last swing . At 12-15 in profit I move to break-even . Then just wait for an exit signal ,( HA color change , CCI color change ) or both . Thanks .......Chap

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 .

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 , no...

Lukz : 2nd trade , finished for today ...Can you see it ?

Keep it simple .........Chappy

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 &quo...

WAIT, take a trade, WAIT, reduce risk, WAIT, exit. From the time you enter to the time you exit manually should not be less than 20 minutes. If you are not in most of your trades for longer than 20 minutes then you are just trading scared and fear does not make money. Yeah , It only took me 8 yrs. ...

Thanks Lis ......You're the best
Chap

Hi, Chappy

How are you drawing your trendlines on MT4?

Monolisa has the channel ( trendlines )posted on pg. 6 of this thread...Thanks

Hi lukx : I believe monolisa has a range-bar template that she has written .Maybe she will post it .

This is the chart I use on MT4 ( without range bars ).

Trade well..........Chappy

i had a strike of 127 winners in a row