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PTT Method (Profitable Trend Trading) in Forex

Quoting nubchai
Any successful trades last night? I was away from my computer and skipped a day.

Hi KelvinM and all,
nice thread, long term trend trading is the only way I have found to make money in the forex Market and keep my sanity. Any way I am trying this out with small units on Oanda also to see what happens. Have 2 parked now EURCHF and GBPCHF, and we wait to see if we get a bite.
Jay
Quoting behman8850
Guys Today we will have a beautiful IB on eur/usd. Go long at 1.4148 TP atleast 50 pips. and Short at 1.3986. Good Luck. Tell me your results tomorrow.
This Long that I took on eur/usd was stopped out at 1.4070 So I took the Correct IB Short at 1. 3986 TP 1. 3950 a while back.
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Quoting behman8850
This Long that I took on eur/usd was stopped out at 1.4070 So I took the Correct IB Short at 1. 3986 TP 1. 3950 a while back.
My theory of daily IB is to look for both directions short at the lowest and long at the Highest of IB Bar. TP always the distance between the two. We will always be Successful If we Stick to this Priciple in Daily IB.
Good Luck.
Quoting behman8850
My theory of daily IB is to look for both directions short at the lowest and long at the Highest of IB Bar. TP always the distance between the two. We will always be Successful If we Stick to this Priciple in Daily IB.
Good Luck.
Do you use the 30 pip stoploss?
Quoting sidefx
Do you use the 30 pip stoploss?
My stop loss always is high and low of the IB Bar.That s the sure way to succeed and not unnecessarily giving up early.
Guys watch out theses two pairs today around 5 pm est. Usd/Cad and Aud/Usd for daily IB Bars today. I will do follow up which I am taking and why.
Quoting behman8850
My stop loss always is high and low of the IB Bar.That s the sure way to succeed and not unnecessarily giving up early.
I'll be sticking with Kelvin's rules for my own forward test. I doubt a 1:1 risk/reward, taking any IB has a +ve expectancy, but would like to see your stats proving that this assumption is incorrect....good luck.
Quoting behman8850
My theory of daily IB is to look for both directions short at the lowest and long at the Highest of IB Bar. TP always the distance between the two. We will always be Successful If we Stick to this Priciple in Daily IB.
Good Luck.
Just to share with you from the book “Day trading & swing trading the currency market” by Kathy Lien.

For Long
1) Enter 10 pips above IB high – 1 lot
2) Place stop and reverse for 2 lots, 10 pips below low IB
3) TP = 2X SL or trail stop at that level
Quoting nubchai
Eric did your backtesting show a 70% loss rate with this system??
So far I show audusd: 16% profit, 59% losers. eurusd: 10% profit, 61% losers. audjpy: 7% loss, 84% losers. gbpusd: 23% loss, 91% losers. In last year. All using 30 pip SL.
I'm don't mind being smart, but I'd rather be RICH! WTFx.
Friends,
This is Todays trade Aud/Usd Sell at 1.0563 TP 1.0487 (Near Daily Support) . since yesterday lowest was 1.0564. Good Luck.
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Quoting behman8850
Friends,
This is Todays trade Aud/Usd Sell at 1.0563 TP 1.0487 (Near Daily Support) . since yesterday lowest was 1.0564. Good Luck.
Sorry SL 1.0659 Yesterday's High.
Another IB Day for Usd/Jpy., in a row! Classic Example. Lets see. Go Short at 77.12 TP 76.75 SL 77.58.
Go long at 77.59 TP 78.00 SL 77.13.
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1st pic, trades entered today.
2nd pic, pending orders.

Good trading.
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...might also signal long tonight. I won't be trading it.
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Hi all,

well, looks like I've finally caught some winners.. btw, my record so far is 1/11 (not so good, huh?), but if these 2 trades continue good, I'll make it all up and then some.

alto

ps. my gu trade from before.. funny thing, I moved my SL to previous bar's high and then price seemed to immediately move to hit it and then move back in right direction. That's the market for u. Oh well, made 38 pips on that one and will just keep watch for a new IB on gu.
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Quoting behman8850
Friends,
This is Todays trade Aud/Usd Sell at 1.0563 TP 1.0487 (Near Daily Support) . since yesterday lowest was 1.0564. Good Luck.
OK Guys. This is my Aud/usd short taken last nite. TP achieved this morning! at 1.0487.
Good Luck. Anyone is taking my calls here?
Attached Image
Quoting behman8850
OK Guys. This is my Aud/usd short taken last nite. TP achieved this morning! at 1.0487.
Good Luck. Anyone is taking my calls here?
I love the strategy...

Olu
Quoting Olu
I love the strategy...

Olu
yes you are welcome to follow. Only patience required! LOl
Quoting behman8850
OK Guys. This is my Aud/usd short taken last nite. TP achieved this morning! at 1.0487.
Good Luck. Anyone is taking my calls here?
Hi,

From what I understand Kelvin very strongly emphasises letting the profits run with the trend and not having a TP--to make up for the many small -30 pips stopouts.

Aren't you short changing yourself by having a TP
Quoting Pooler
Hi,

From what I understand Kelvin very strongly emphasises letting the profits run with the trend and not having a TP--to make up for the many small -30 pips stopouts.

Aren't you short changing yourself by having a TP
Agreed, Behman8850 don't take this the wrong way but you'd be better off providing your signals of your method in your own thread.
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