5 Tricks of
Trend
Trading
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Rob Booker 16 replies
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5 Tricks of
Trend
Trading
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Quoting witchazelDislikedrefering to post #5
are you saying when you are trend trading on 1h its is wise to have 100+pip s/l or use discretion to ignore your stop lossess? Im not trying to be contrary as much as i'm trying to find your methodology for riding the spikes.Ignored
Quoting witchazelDislikedI understand what you are saying about being in for the long haul as trend strategies need to have 10:1 payrates to survive, but if during my selected timeframe the current bar moves against me 4x the average bar range it would be foolhardy to not exit the trade and reenter at a later point, there are always more trades. In this example you would have been ok to stay in, but with stop losses of 100pips you would be giving up over 50pips a trade, and ignoring stops would be brutal.Ignored
Quoting witchazelDislikedIn my experience on a 1h or less time frame i would never have more then a 20pip stop. This might seem crazy but a 20 s/l vs a 100 s/l gives you 5 chances to trade and i can assure you that a short stop will not drop a 50% winrate to a 10% winrate. I wont even go over 35 s/l on the daily bars. I have to ask myself after a trade has gone against me 25, would I enter a trade now?, would i think that is a good place to start a trade? some times it still has a good setup but the risk has increased, most the time it is simply riding losses.Ignored
Quoting robbookerDislikedThis is a great question. I could have been much clearer on this subject. What I am saying is that when trend trading, you can expect to use wider stops, in general, than you would use for short term trading. To ride a trend out over days and weeks, you are going to have to withstand some pulling back.
Ignored
Quoting witchazelDislikeds/l is one of those things i learned the really hard wayIgnored
Quoting ptangbizkitDislikedHi Rob,
Have just finished reading your pdf, was a pleasure to read and didnt put me to sleep. You don't mention in your pdf what values the EMAs of 5/13/63 are applied to? Im assuming the close?
Regards,
SeanIgnored
Quoting CandlePowerDislikedhi Rob & FF forumers,
just need a little bit confirmation about 5/13/62 approach....if we see the chart below :
Price didnt pullback to 62ema...the question is :
1- how to enter the trade here or just ignore it ?
2- do we need other indicators to confirm earlier that downtrend already performed so no need to wait for price pullback ?
any reply much appriciate.
regards,
candlepowerIgnored
Quoting CandlePowerDislikedhi Rob & FF forumers,
just need a little bit confirmation about 5/13/62 approach....if we see the chart below :
Price didnt pullback to 62ema...the question is :
1- how to enter the trade here or just ignore it ?
2- do we need other indicators to confirm earlier that downtrend already performed so no need to wait for price pullback ?
any reply much appriciate.
regards,
candlepowerIgnored
Quoting waaustinDislikedCandlePower, could you post the indicator(s), you use to give you the 5-13-62 graph on your chart. Or point me to a post where I can get themIgnored
Quoting waaustinDislikedCandlePower, could you post the indicator(s), you use to give you the 5-13-62 graph on your chart. Or point me to a post where I can get themIgnored