Whether you can or you can't, you are both right.
Trend Manager Trading System 153 replies
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HYBRID: trading system within a trading system 30 replies
trading system opposite to trend 1 reply
hksweeper's Trading Journal - Reaction Trend System 20 replies
DislikedWatch how Crude Oil respects the value zone here or to be more precise 20EMA. Or you could take breakouts to the downside which will play out fine as well. {image} {image} {image} FartistIgnored
Disliked{quote} Hey Jo, I don't usually post my intra day trades here due to several reasons 1) I don't have time to post intra day charts as i'm actively trading. And should i post, the trade is over and am basically showing charts on hindsight. 2) I believe the most people here are having a day job, thus trading the higher timeframes would be more suited for majority of them here. Hope that clear things up abit fartistIgnored
Disliked{quote} Hi Gonzalon, If you don't mind you could post your trades and charts here. We can analyze it together and see how we can work things out. Sometimes it isn't that you're trading poorly, but rather you're just facing the inevitable draw downs that every trading plan would face. FartistIgnored
Disliked{quote} hello fartistwas just going through some previous trade setups as an exercise. crude oil had been extremely choppy in the year before the confirmed down trend. looking bak at these charts at what point would you have decided that crude oil was indeed in a down trend. hope you got my question. cheersIgnored
DislikedHi Rayner: I know you don't want to put intra day trades here to mainatain this thread's specialty to keep the system simple, less stressful by using higher time frame. I also have a day job and only spend few hours in the evening to place my trade (limit order). I have been using this concept mainly with the weekly trend and placing a order on a hourly chart both for break out and at retracement. I am having a mixed result (not much success so far). I will be interested to see a few examples of your intra day trading so that we can get some idea...Ignored
Disliked{quote} Hi Fartist, Thanks for helping me. I am going to post a quick summary of each trade I took this week without graphs (since I use my ipad/iphone to trade, it is not that easy to paste the graphs): - GBPJPY: initiated on 13/11 00h when Price (182.326) entered H4 20 EMA area, SL 181.500. Stopped out - EURJPY: initiated on 21/11 21h when price (147.70) got to H1 50 EMA, SL 146.9. Stopped out - CADJPY: initiated on 21/11 4h when price (104.000) got to H1 50 EMA, SL 103.3. Active - EURUSD: initiated on 19/11 21h when price (1.258) got to D1 20/50...Ignored
Disliked{quote}Great analysis rayner! Thanks again for doing it every week, they are really helpful. I see u are strongly betting on the usdjpyIgnored
Disliked{quote} Hi California, I appreciate you being so honest about your trading performance. Once you can live up to the fact that your trading is not going in the right direction, then only will you be willing to make the necessary changes. That i applaud you my friend! Instead of sharing with you my intraday trades, i rather work with you on how you can better trade the higher timeframes. One element which i mentioned in trend following is "Relative Stregnth'. It is something i use but not mentioned frequently. If you looked at the charts i usually...Ignored
Disliked"It never was my thinking that made the big money for me. It always was my sitting" — Jesse Livermore Entries are not going to earn you a single dime or cause your downfall but your exits will. The importance of exits are usually neglected and left to the last or entirely forgotten which should not be the case. So let's get started.. Here are some of the exits one could consider in your trend trading approach. 1) A fixed ATR This exit basically takes you out of a trade when price retrace X ATR against you. This is a mechanical approach to manage...Ignored
DislikedOk, I cannot control myself anymore. I m watching this thread from its inception & still I didnt wanted to post single comment until now for a reason that I m not a trend trader myself & anything I post will be really useless stuff in this corner. Although I m not a trend trader but I always read threads which has quality knowledge in them, using it in its entirety or using it in my style is different thing. So, what made me post this comment is the fact that I have spent some time in this forum & I can say mostly we come to meet dickheads & so...Ignored
Disliked{quote} Hello Fartist, About Exits, i use 30 SMA, 50 SMA and 100SMA moving averages. Using crossovers to exit, do i exit a trade when the 50MA crosses 100MA or when the 30MA crosses 50MA? Also for - "Price action" do i exit a trade when the price crosses 100MA (The slow MA). thanksIgnored