Whether you can or you can't, you are both right.
Trend Manager Trading System 153 replies
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DislikedThis is a very interesting thread. Trading this system can be done very easy it is in strong trends an absolutly winner. I include a chart where you see arrows where you can add extra positions or you can move stop from arrow to arrow , by the cross it is exit, and we are looking again for entries, It is a combination of trading Pull backs/ engulfs / swing highs. Dutch signals {image}Ignored
Dislikedhi fartist, does it make sense reading the chart this way as per your strategy...??! {image} {image}Ignored
Disliked{quote} Hi Fartist, With regards to the chart posted by dutchsignal, see the right side. Say there is a entry, u entered but price moves against u. Hit another resistance, then price retraced, showing another entry. would like to ask you if you would take the second signal while first trade still ongoing and SL not put to BE?Ignored
Disliked{quote} Hi matt, I never have more than 1% exposure on a single product at anyone time. If my initial position is at it's original stoploss, then i wouldn't consider scaling in just yet. Until my initial position is risk free, then i would consider looking to scale in my trades. fartistIgnored
DislikedHi fartist, question here. Say u shorted EU from 1.2, added 10 positions and shifted your SL to 1.10 now. Then your TS got hit and you exited your trade. Then price move 100 more pips, then showed another entry, say a breakout to the down side, at say 1.1. it is a valid setup so u took the trade.. But you would have used a lot size of say only 1 position? If that is the case, my question or concern here will be, u will be resetting on your lot size for further movement down.you would have lost the potential profit if you had set your TS higher,...Ignored
Disliked{quote} Hey Matt, That's a great question. Yes i will reset back to my initial position size after being stopped out and slowly build my way up again. That's how it is in trading, risk vs reward. A looser trailing stop would give your trade more room to run and a tighter trailing stop would give your trades less room to run. You need to decide how loose or tight you want to give you trade room to breath. fartistIgnored
Disliked{quote} Thanks for the reply. I shorted 6 positions on Eur but closed all on a retracement . Though I reestablished 3 lots on a next leg down, but it was entered at a slightly lower price and the lower it is the more probable is the retracement, like which just occuredIgnored
DislikedOften i get questions by traders asking me whether a trend is ending. And the simple answer is i can't predict consistently. However there are trading tools in the market that can give you heads up on when a trend is weakening. I'll explain more in this video below https://www.youtube.com/watch?v=wYSyCuM72i0 fartistIgnored
DislikedAny other strongly trending markets that people are looking at - very quiet in forex at the moment, or else I'm not looking in the right placesIgnored