Winners add to winning trades!
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
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DislikedHonestly it doesn't matter too much. Use any combination to show you the trend you want to trade. I like 33 and 99 EMAs or SMAs. I mainly use two CCIs for trend and pullback, one longer term CCI and one shorter term CCI to show the pullbacks while the longer CCI still shows the trend. I also don't use time based bars, but use hybrid renko bars which give you an easy trigger for entering trades.
This picture is Euro futures, but I mainly trade oil and s&p futures now. The idea is exactly the same - find a trend on your [b]one chart however you...Ignored
DislikedYes, feel free to change the oscillators you want to use if it fits you best. But keep the philosophy of the system.
Trading 5mn is better than 1 min I think because 1 min is really hard to trade (lots of emotions). You can try 15min TF too with a check on 1h TF. Dont forget Pivots and Price Action which will help you to be a winner. For example, on your chart, you can see doji which is a sign of weakness. You can enter short with confidence coz you are in a down trend, there is a nice pullback and PA is good (I dont comment your oscillator coz...Ignored
DislikedHey hmaoui,thanks for wrote this thread to share your stratege and experience here.Long time no see you,still you look this thread?
So bad of my exit.The last two trade I was on tilt becos price move to 1.3038 and touch my first ST.I must control my negative emotions later.
And I have some questions of the long TF & short TF,i remember that you say when u tarde 1min TF,you will confirm the trend by look 5min TF's chart,
1.you mean only the 5m have a trend and 1mTF have a trend at the same time,you will tread when stoch appear a entry,otherwise...Ignored
DislikedBecause we have a bullish configuration ST EMas above LT EMAs and Sto are oversold and Price found a support near 1,3050 (Round Number) and we opened the session above the Weekly pivot. Thats why I took this signal. We will see.Ignored
DislikedNever forget to check the higher TF to see if the LT trend is bullish r bearish especially when it has dropped for a long time...and never forget that you will never have a 100% win rate !!!! But that's itIgnored
DislikedThe key of the system is find the potential trend,and jump in at good position.
But more confuse me is how to confirm a trend that have more potential?
In your chart,the EMAs are long arrangement,but the 60EMA is point to 0 degree,which means no trend,is this a good entry yet?
I remember you said find the prefect setup when the emas are long arrangement(ex.long trend)& the LT ema point to 0 o'clock between 2 o'clock and the emas spread enough,then confirmed by DMI.
[i][color=darkorange]Nice...Ignored
DislikedYou are right ! And I took this trade because I master my system and I know that the profit will be very quick and not very important (only 20 pips on the second half) because the trend was not very clear ! But lots of support told me to take this trade for a quick and limited profit. If you are a beginner with this system, be patient and focus on perfect setups. Effectively, the LT EMAs poitning at 2 o'clock is good way to determine a trend. But you can also check for trendlines, for support and resistance, PP, etc...to be in position at the beginning...Ignored