paws

The method I created several months ago has been great,even in sideways markets. Right now I am trying to make an EA out of it or possible create a robot. It is that good. Trade 4 pairs only and take 10 pips per pair with potential for a lot more. Will keep posted as things progress.

For those of you who have followed me through the years here at Indo know that I have looked at almost every method that has come along; some I have used daily such as Rebellion and SRS, two of my favorites. Lately with all the changes in the world financial markets forex trading is not the same as it was when those products were introduced. Most trading today depends on the long term trend which is eating a lot of accounts alive. Therefore, I have decided to play with my own scalping technique which so far is doing quite well. I am trading on six pairs only which affords me opportunities when a particular currency is facing a news release. Keep in mind I do not trade micro of mini accounts so scalping for me can be quite profitable. At $10 a pip on six pairs, a 5 pip move can be rather nice. Unfortunately I cannot become another Rita or Karl Dittoman and sell this idea if it does indeed prove profitable as there are no special indicators or "secrets" involved. In another couple of weeks I will have a pretty good idea as to overall profitability and will let my friends here know my rules if your are interested.

one more pic............
 
again from today
 
This time with 50ema and 100sma........using a 50 and 100 as opposed to 21 and 100 (last pic) keeps SL's down and gives less false signals
 
http://i988.photobucket.com/albums/af5/kraven69/xxx-1.gif
 
the black circles are entries...this time with 50ema and KRAPP line..........i always enter on PB but preferebly a red candle coming down.......black lines are exits (about RR 1:1) often at KRAPP lines, often half a position with BE.............the blue line is SL getting hit (just) and i've missed out an entry circle on the same candle as price goes through 50 and KRAPP.....SL are placed above 100sma.
 
The live trade in the pic is hard to explain...i sold at last black circle - see SL placed above 100 and KRAPP line - then add more at green dotted line........I exited my first lot at black line +16........i was in the process of moving SL to just above KRAPP level above 50ema (1.55460) when my TP (lower line got hit for +14)

apiqsha (and others) this is a way i like to use K.R.A.P.P.
 
MA's are 100sma (red) and 21 EMA (black)
 
http://i988.photobucket.com/albums/af5/kraven69/xxx.gif
 
the 21 is under 100 showing down trend................wait until price goes too/through 21 and pullsback.....if this happens near a KRAPP line then enter in direction of trend only....trades must PB through 21 and KRAPP line before entering, which happens first is not important....the purple X's are trades from 8am (uk) this morning...............if 100sma is near enough i use this as SL...................on the last X you see price goes through 21 with no K.R.A.P.P line near..........entry could be made at next K.R.A.P.P line with 200sma as SL (approx 10pips in this case)............as for TP you need to judge the markets at the time, could use next K.R.A.P.P line or 20pips.....in these cases max. results in each case were +24, +23, +34, +18, +62, +28....
Black circles just represent how often price responds to K.R.A.P.P........happy pipping:-bd

Hello all, I’ve had several request asking how I generate my ‘Kravens Repetitive Areas of Potential Profit’ or K.R.A.P.P for short :))and as I’m a fan of the indo share culture I though I’d create this thread to demonstrate….
 
These lines are pretty accurate, I believe accurate enough to purely trade from. They will work on every pair and require updating once per day. However they not the ‘holy G’ and not magical (as some think lol). They are also very easy to create, in-fact they’ll be too easy for many on here who will insist on adding thing.
 
How to create ‘K.R.A.P.P.' wwwowhhhhhhhhaaahh!!
 
Ok, choose your pair……go to a daily time frame……….draw lines at each day on the high and low (and importantly) the open and close….. most people only take note of peaks (highs) and troughs (lows) but open and closes (O/C) are VERY IMPORTANT. Most just take note of the day before, however O/C of daily’s several weeks ago can still have an impact.
 
Once you have drawn your lines it’s time to sort them out. If a level has only been touched once I call this minor, if it has been influential on a few occasion I call it major. I advise you to colour these lines different colours (see pic)
 
 
http://i988.photobucket.com/albums/af5/kraven69/linesofimportancedaily.gif
 
after you've sorted your lines use them on lower timeframes (5 and 15min are good)
 
http://i988.photobucket.com/albums/af5/kraven69/daily.gif
 
Here is an example of how to trade K.R.A.P.P...i call it the 'bounce'. just enter the trade the 'oppersite' direction to where the price approached i.e. if the price is coming down, buy when it hits....SL 10 TP 15 (or more)......here an example i made a few days back
 
 
http://i988.photobucket.com/albums/af5/kraven69/linesofimportance9.gif
 
that's it..........try to refrain from adding 1hr and 4hr lines as you'll have a mass of lines that are untradable...........hope you enjoy
 
*appologies if this is in the wrong forum.

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