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Are you a trend trader or a counter-trend trader? 29 replies

Weekly Trend finding 7 replies

Ichi Trend & RSI Trend Catch 4 replies

Automatic Trend line, trend channel, support, resistance detection 3 replies

"Trend" , how do you actually trace the current trend ? 23 replies

Attachments: Finding the trend
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Finding the trend

Quoting dgold
{quote}{image} Thanks Dave,Trade going well,focusing on gold for now. trying to find the optimal entry point(cos many cross of the rsi /ma in the subwindow) along with using daily open.
On viewing your chart
As a general Rule
I only sell Below the Daily Open
Buy Above The Daily Open
(Exception when the ADR as moved up / down to near extremes)
By waiting for 23.5% to be passed by Price, to me shows intent to carry on further with the move
Its up to you if you drop that % down a little but I have put it in to try and filter out whipsaw moves
Quoting dgold
{quote} Thanks,looks like some form guppy? one thing that it has helped me to improve on is the discipline to not enter every trade. it helps define trend for me (rsi/ma cross median and daily open) so if price is not on the side of rsi median crossover and supported by daily open, i hold on and wait for when they allign to look for trade,like gold this morrning on m5,below daily open but rsi still above median so i sit on my hand.same on m1
Wow
that's all good my friend
As regards Guppy
I have just filled in between the 6 & 66
TBH
At Times tablets I am on, sometimes cause my eyes to blur

also
Clouded in the +/- RSI 50% levels
Quoting dgold
{quote} Thanks,looks like some form guppy? one thing that it has helped me to improve on is the discipline to not enter every trade. it helps define trend for me (rsi/ma cross median and daily open) so if price is not on the side of rsi median crossover and supported by daily open, i hold on and wait for when they allign to look for trade,like gold this morrning on m5,below daily open but rsi still above median so i sit on my hand.same on m1
A few Gbp Pairs fitted the bill this morning ?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURGBPM5b.png Size: 28 KB
Click to Enlarge Name: GBPUSDM5c.png Size: 29 KB
Click to Enlarge Name: GBPCADM5d.png Size: 29 KB
Click to Enlarge Name: GBPCHFM5e.png Size: 29 KB
Quoting OAPDave
{quote} Hi I have a simply template to trade with Sometimes the trade as gone without me (still in bed) as I trade around London Open Other Times there might be a big gap which I do not fancy or simply I just do not want to trade the template that particular day This is so Simple most guys will just laugh and move on to something a little more Guru_ish I use MY Chart Open, then use the +/- 23% either side as initial entries and stops If my thoughts think the Trend is down I Sell the - 23% Line with the + 23% Line as a initial Stop Opposite for a...
Thanks Dave
It does seem to be doing
What it says on the tin
and yes you were right
Its just far to simple to work and guys will laugh at me if I say I am trading with it
Oh well you have to have a laugh
But at Who ?
The Question is
Has
The Robot been made ?
Bigger Risk
Bigger Reward ?
Fractals played with the Trend
(are they a poor mans Ross Hook) ?
Attached Image(s) (click to enlarge)
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https://www.barchart.com/forex/market-map
Quoting OAPDave
https://www.barchart.com/forex/market-map
Attached Image (click to enlarge)
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Quoting OAPDave
https://www.barchart.com/forex/market-map
Why Eur Nzd ?
Attached Image(s) (click to enlarge)
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RiskFighter
I have read and re read your page one post one
Although your idea and indicator as been downloaded a vast number of times
I think the idea maybe some what forgotten
To me it is a rather clever way of quickly giving us the opportunity to see
Multi views of our potential trade
This can be used to see multi time frame views of one pair or indeed multi pairs
Which I think is very very important in trading
That being said
I am
my own man
doing things my own way
with my own money
Admittedly in a very similar manner
Now if I had your skills I would be doing ( all the things you have said you have no interest in doing )
Here is the kicker, you are wrapped up in making Robots
my strange view is
Yes you are correct
A Robot is predictable , it does what you have told it to
But it still lags
AS WE STILL HAVE AN EDGE
A I
Which lets us solve any changes or conditions we spot very quickly
PS
None of my thoughts ideas or trading would work without having quick and easy access to multi chart viewa
Thank you
Quoting OAPDave
RiskFighter I have read and re read your page one post one Although your idea and indicator as been downloaded a vast number of times I think the idea maybe some what forgotten To me it is a rather clever way of quickly giving us the opportunity to see Multi views of our potential trade This can be used to see multi time frame views of one pair or indeed multi pairs Which I think is very very important in trading That being said I am my own man doing things my own way with my own money Admittedly in a very similar manner Now if I had your skills...
For the time being I have problems in chosing the right instrument to trade. They are ranging for hours. I need to make some table that shows when a pair begins to trend. I might use the WPR indicator with a low periode number. Then let the table scan all the instruments every minute. If somebody have better ideas for some indicator to use for this purpose I gladly hear about it.

I will make a tool and share it here in this thread.
Read post #1 !! Then read it again 10 more times before you ask.
Quoting OAPDave
https://www.barchart.com/forex/market-map
Here are the Eur Pairs as selected
Do not forget Range Expansion once in ?
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Click to Enlarge Name: EURUSDM5d.png Size: 31 KB
Click to Enlarge Name: EURAUDM5e.png Size: 30 KB
Click to Enlarge Name: EURCADM5f.png Size: 29 KB
Click to Enlarge Name: EURCHFM5g.png Size: 33 KB
Quoting RiskFighter
{quote} For the time being I have problems in chosing the right instrument to trade. They are ranging for hours. I need to make some table that shows when a pair begins to trend. I might use the WPR indicator with a low periode number. Then let the table scan all the instruments every minute. If somebody have better ideas for some indicator to use for this purpose I gladly hear about it. I will make a tool and share it here in this thread.
You only need pointing in the right direction
Then let
AI do the rest
Quoting OAPDave
{quote} You only need pointing in the right direction Then let AI do the rest
Exactly. So I need to make that tool to show that RIGHT AT THIS MOMENT, a pair has started to expand.
Read post #1 !! Then read it again 10 more times before you ask.
Quoting RiskFighter
{quote} Exactly. So I need to make that tool to show that RIGHT AT THIS MOMENT, a pair has started to expand.
Easy
X pips
above or below the open
or a given time
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Quoting OAPDave
{quote} Easy X pips above or below the open or a given time {image}
OK, I will study that.

However soon it is time for this evening of joyfull TV time with the lady of the house. So it will be tomorrow.

(He he, I had the pleasure to be very close to "The lady of the house speaking", in a theatre in Oxford while I lived there.
Read post #1 !! Then read it again 10 more times before you ask.
Quoting RiskFighter
{quote} OK, I will study that. However soon it is time for this evening of joyfull TV time with the lady of the house. So it will be tomorrow. (He he, I had the pleasure to be very close to "The lady of the house speaking", in a theatre in Oxford while I lived there.
I know you will not admit it
but
Your problem is the
Fear of Losing

You need to work out a good money-management
to action when you have a loser which we all have at times
Start with a fixed R/R

You mention
The Grail
In the Tread Title
which we all know is a bit of a myth
Quoting RiskFighter
{quote} Exactly. So I need to make that tool to show that RIGHT AT THIS MOMENT, a pair has started to expand.
you don't need "RIGHT AT THIS MOMENT" to catch a trend, when trend start it stay for day's and week's.
so, think swing for true trend then daytrade.

breakout system/method:

BB, for downtrend start it should break bottom band, for uptrend start it should break upper band.
Dow(HHHL-LLLH), for downtrend start it should break last HL, for uptrend start it should break last LH.

Attached Image (click to enlarge)
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cheers,
"the public is not yet ready for it" W.D. GANN
Quoting Kwt4x
{quote} you don't need "RIGHT AT THIS MOMENT" to catch a trend, when trend start it stay for day's and week's. so, think swing for true trend then daytrade. breakout system/method: BB, for downtrend start it should break bottom band, for uptrend start it should break upper band. Dow(HHHL-LLLH), for downtrend start it should break last HL, for uptrend start it should break last LH. {image} cheers,
Thank you very much for your suggestion. It's just that I have learned, that I am a scalper.
Read post #1 !! Then read it again 10 more times before you ask.
never forget that 40% win rate on 1:3 RR is something you chase...so loots of loosers out there..but the winners bring the curve
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