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Trend Trading All Pairs

  • #12,541
  • Sep 25, 2014 11:25pm Sep 25, 2014 11:25pm
Quoting ccboi1
Setup chart {image} Trigger chart {image}
Hello CCBOI1, I like your color daily template..... Could you share it with me??? Thanks
  • #12,542
  • Sep 26, 2014 5:23am Sep 26, 2014 5:23am
Quoting chienung
{quote} Hello CCBOI1, I like your color daily template..... Could you share it with me??? Thanks
It's been shared already. Page 544.
  • #12,543
  • Sep 26, 2014 7:25am Sep 26, 2014 7:25am
Quoting ccboi1
{quote} It's been shared already. Page 544.
Thanks for telling me on PG 544....But that not what I want...I am wondering how you get the color for uptrend and downtrend of the day in different colors....
  • #12,544
  • Oct 12, 2014 9:43am Oct 12, 2014 9:43am
Thank you NightMoves for this great method and for this loooong thread also! ;=)

I have trained this method for a while in a demo account. I have read a few hundred pages of this thread and also tried numerous searches, but there are still a few issues that I don't quite understand. So could someone please help me a bit with these:

- It was mentioned that price action should be near the MA when making a trade. But does this mean a MA in the trend timeframe (D1) or on a signal timeframe (H4-M15)? I would think the latter, since if I wait for the PA to be near the MA in D1 chart, it might take a month or two before the next opportunity occurs...
- Why are the MA's 100,50 and 30? Is there a specific reason for this, is it a result of testing, or what? I was just thinking that 100 MA in a D1 chart is veeery slow, so once again, it might take months before the indicator notices the change in a trend, compared to bit faster MA's. But is it a bad idea to use some shorter MA's?
- How would you do in this case: after the correct setup, the trade is taken, and it then it hits the SL and trade is closed. But after a while a second 1-2-3 pattern is formed on the confluence area. Would you still take the trade?? Or would you always wait for a totally new setup with a new counter trend line etc.?
  • #12,545
  • Oct 12, 2014 11:43am Oct 12, 2014 11:43am
Quoting ccboi1
{quote} It's been shared already. Page 544.
I was lucky to have hectors system as the first one into my foray into Forex. I can imagine how much people have lost trying to figure out the holy grail. This is as close at it get in its simplicity. In any event It would be nice if someone could post the trend scanner or forex currency index... a lot of new guys will appreciate that. Thanks in advance
  • #12,546
  • Oct 12, 2014 3:56pm Oct 12, 2014 3:56pm
Quoting AlliumPorrum
Thank you NightMoves for this great method and for this loooong thread also! ;=) I have trained this method for a while in a demo account. I have read a few hundred pages of this thread and also tried numerous searches, but there are still a few issues that I don't quite understand. So could someone please help me a bit with these: - It was mentioned that price action should be near the MA when making a trade. But does this mean a MA in the trend timeframe (D1) or on a signal timeframe (H4-M15)? I would think the latter, since if I wait for the...
1. You are wrong. It is the D1.. because that's your big picture. your setup chart. As you can see from attached.. if you use the smaller timeframe.. it is not trending. Trigger chart should be just 1 time frame below. So daily setup, 4H trigger. If you zoom in too much there will be a lot of noise. As per attached.. entry would be at black line and target at pink line. So i had to wait for 1 week to close this trade.

2. 30, 50, 100 is because Hector said so. We learn this technique from Hector, it is a paid course. Hector said he was taught by a hedge funds manager..or something.

3. This is not in the official course but it is mentioned in the paid coaching. As you can see from the 4H chart, price do not just do a free fall to the target at pink line. It also swing itself down (purple line). So it offers multiple small intraday trades on 1H. Stick to the Daily -> 4H if you are not familiar forex trading. Intraday trading is not easy.

Good luck
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  • #12,547
  • Oct 13, 2014 5:30am Oct 13, 2014 5:30am
Quoting hytten
{quote} 1. You are wrong. It is the D1.. because that's your big picture. your setup chart. As you can see from attached.. if you use the smaller timeframe.. it is not trending. Trigger chart should be just 1 time frame below. So daily setup, 4H trigger. If you zoom in too much there will be a lot of noise. As per attached.. entry would be at black line and target at pink line. So i had to wait for 1 week to close this trade. 2. 30, 50, 100 is because Hector said so. We learn this technique from Hector, it is a paid course. Hector said he was taught...
Thank you very much for your comments, Hytten! :=) But can you still give me a bit more clarification on these issues:

1) Did I also understand correctly that it is OK to trade a pair when *any* of the time frames is having a trend in a setup chart (D1,H4, H1)? I mean; if there isn't any trend in D1 chart, but there is in H4, it's OK trade with H4+H1? How about if there's a trend both in H4 and H1, could I even open positions on both of them? Or what if there's a clear up trend in D1 and clear down trend on D1, what should I do?

3) So did I understand correctly that after the main trend line is broken with a counter trend, it is OK to take a trade even from a second or third counter trend formation, if the first one was missed? Wouldn't this mean that if the pair gets in to a channel, I could open a position everytime that the rules are fulfilled to the direction of a main trend?
  • #12,548
  • Oct 13, 2014 6:25am Oct 13, 2014 6:25am
Quoting AlliumPorrum
{quote} Thank you very much for your comments, Hytten! :=) But can you still give me a bit more clarification on these issues:

1) Did I also understand correctly that it is OK to trade a pair when *any* of the time frames is having a trend in a setup chart (D1,H4, H1)? I mean; if there isn't any trend in D1 chart, but there is in H4, it's OK trade with H4+H1? Yes

How about if there's a trend both in H4 and H1, could I even open positions on both of them? Or what if there's a clear up trend in D1 and clear down trend on D1,...
.
  • #12,549
  • Edited 7:01am Oct 13, 2014 6:26am | Edited 7:01am
Quoting AlliumPorrum
{quote} Thank you very much for your comments, Hytten! :=) But can you still give me a bit more clarification on these issues:

1) Did I also understand correctly that it is OK to trade a pair when *any* of the time frames is having a trend in a setup chart (D1,H4, H1)? I mean; if there isn't any trend in D1 chart, but there is in H4, it's OK trade with H4+H1?

How about if there's a trend both in H4 and H1, could I even open positions on both of them? Or what if there's a clear up trend in D1 and clear down trend on D1, what...
1) Did I also understand correctly that it is OK to trade a pair when *any* of the time frames is having a trend in a setup chart (D1,H4, H1)? I mean; if there isn't any trend in D1 chart, but there is in H4, it's OK trade with H4+H1? Yes

How about if there's a trend both in H4 and H1, could I even open positions on both of them? Or what if there's a clear up trend in D1 and clear down trend on D1, what should I do? No you have to choose one. Apart from the SMA there are other rules. You have to see which setup is nicer. Swing more harmonically, swing is more or less the same size and also confluence area. For example H1 could be the one swing nicely.. which the price on H4 although trending but the price always far away from the 30, 50 area.

3) So did I understand correctly that after the main trend line is broken with a counter trend, it is OK to take a trade even from a second or third counter trend formation, if the first one was missed? Wouldn't this mean that if the pair gets in to a channel, I could open a position everytime that the rules are fulfilled to the direction of a main trend?
Technically yes but it is more complicated than that. Stick to 4H and above if you want to make serious money. Do something else for adrenaline.
  • #12,550
  • Oct 23, 2014 4:54am Oct 23, 2014 4:54am
Thanks again Hytten, that helps a lot.

On more thing regarding the counter trend + "second wave"; I there wasn't any good setup for a trade in a first counter trend (or it hit SL or whatever), but there would be in the second one, should the trade be taken after the BPC- confirmation on the position 1 or 2:

Attached Image


??
  • #12,551
  • Oct 23, 2014 8:02am Oct 23, 2014 8:02am
Here is an real life situation regarding the same kind of a counter trend issue:

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The upper blue line would have otherwise been nice for shorting, except that it is still above the diagonal counter trend line. I think it's a no-go then?

And now there is a BPC forming below the counter trend line, BUT it is now actually quite far away from the top, where there was a confulence area of round number (purple line), fibo 61 (orange line) and H4 resistance (blue dotted line).

So my question is; was a correct move to miss the trade on the upper blue line? Would it be a correct move to short from the lower blue line?
  • #12,552
  • Oct 23, 2014 8:10am Oct 23, 2014 8:10am
Quoting AlliumPorrum
Here is an real life situation regarding the same kind of a counter trend issue: {image} The upper blue line would have otherwise been nice for shorting, except that it is still above the diagonal counter trend line. I think it's a no-go then? And now there is a BPC forming below the counter trend line, BUT it is now actually quite far away from the top, where there was a confulence area of round number (purple line), fibo 61 (orange line) and H4 resistance (blue dotted line). So my question is; was a correct move to miss the trade on the upper...
The fact there was a trend line there in the fist place meant there was a good chance price would come back to it. The fact price went through the trend line & did not return above it gives a good chance price will continue down.
Money Makes Money
  • #12,553
  • Oct 23, 2014 9:28am Oct 23, 2014 9:28am
Quoting KiwiOz
{quote} The fact there was a trend line there in the fist place meant there was a good chance price would come back to it. The fact price went through the trend line & did not return above it gives a good chance price will continue down.
Thanks KiwiOz. But how about the upper blue line; should this kind of a setups always be abandoned? Should I always wait until the price breaks the counter trend line, then the BPC is formed, and that's where the position is taken?
  • #12,554
  • Oct 23, 2014 10:22am Oct 23, 2014 10:22am
Quoting AlliumPorrum
{quote} Thanks KiwiOz. But how about the upper blue line; should this kind of a setups always be abandoned? Should I always wait until the price breaks the counter trend line, then the BPC is formed, and that's where the position is taken?
Look, if you want to learn how to trade this method, just watch the Hector's video course, also his trades in youtube! Back in the beginning at this thread and start to read from the first page, yes they are a lot, but if you want to learn, you must got to work!
Its wrong to tell you the hole system chewed. This is the easiest way, and you will not learn anything this way!
You must learn alone, and after that try on practice what you'v learn on demo, then just be wrong, and after that again be wrong, while one day you be able to feel the right way to trade, and will be able to find your mistakes alone, without help.
Hard way, but its only right way to learn, and after that turn back and see what have you done.
Good luck!
Here you one link with Hector trades:
https://www.youtube.com/channel/UCwK...kfDC79LBwxhs_g

And one more, remember that "One system may work for someone, but that doesn't mean that will work for everyone"
  • #12,555
  • Oct 23, 2014 10:58am Oct 23, 2014 10:58am
Quoting AlliumPorrum
Here is an real life situation regarding the same kind of a counter trend issue: {image} The upper blue line would have otherwise been nice for shorting, except that it is still above the diagonal counter trend line. I think it's a no-go then? And now there is a BPC forming below the counter trend line, BUT it is now actually quite far away from the top, where there was a confulence area of round number (purple line), fibo 61 (orange line) and H4 resistance (blue dotted line). So my question is; was a correct move to miss the trade on the upper...

Here are my thoughts on this. I did actually take a short on this however it was on H1 and not for the full move down.

weekly view (not always necessary but good to see where we are in the long term)
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daily view (check your daily chart with your ma's you might find that price was retracing into them here, suggesting some downwards reaction)
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h4 view
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I don't use ma's myself but I realise their merits as a trend indicator, all indicators will say the same thing once you understand them well, my approach is supply demand zones however, I don't trade them blindly; after I see that we are in line with the htf move, I then wait for price action to say whether I take the trade or not.
  • #12,556
  • Oct 23, 2014 11:16am Oct 23, 2014 11:16am
Thank you very much NaughtyPip! But just to be sure; would you have traded it on the 4 or 5?

But basically, I think I was on a right track anyway. Of course I did not understand that setup so throughly than you did, but I got lucky ;=)

And hey; what is that neat indicator that shows those green/blue SR- boxes?
  • #12,557
  • Oct 23, 2014 12:00pm Oct 23, 2014 12:00pm
Quoting AlliumPorrum
Thank you very much NaughtyPip! But just to be sure; would you have traded it on the 4 or 5? But basically, I think I was on a right track anyway. Of course I did not understand that setup so throughly than you did, but I got lucky ;=) And hey; what is that neat indicator that shows those green/blue SR- boxes?
4 candles after that bear engulf is where I would have entered if I was trading the h4 chart. The indicator is called supdem indi. You will find it here on FF if you do a search. Like I say supply and demand levels are my weapon of choice but not the be all and end all. If you like ma's don't deviate from them and perhaps add some obvious support and resistance lines on to your chart to compliment the ma's.. At the end of it though the most important thing is the PA and getting in sync with the htf flow..
  • #12,558
  • Oct 23, 2014 12:58pm Oct 23, 2014 12:58pm
Ok, so you don't wait the counter trend (red lines) to be broken, but basically you trade on a channel also. Is that a "valid" 3sma style, or your own addition to it..?
  • #12,559
  • Oct 23, 2014 1:14pm Oct 23, 2014 1:14pm
Quoting AlliumPorrum
Ok, so you don't wait the counter trend (red lines) to be broken, but basically you trade on a channel also. Is that a "valid" 3sma style, or your own addition to it..?

I'm not sure which red lines you mean? I don't have any specific rules for my trading style, other than flowing htf direction and reacting to the pa. As for the 3sma, I don't use them. But the way I trade is fundamentally the same as this system more or less. I just don't use the sma's.
  • #12,560
  • Oct 23, 2014 5:26pm Oct 23, 2014 5:26pm
Quoting AlliumPorrum
Thanks again Hytten, that helps a lot. On more thing regarding the counter trend + "second wave"; I there wasn't any good setup for a trade in a first counter trend (or it hit SL or whatever), but there would be in the second one, should the trade be taken after the BPC- confirmation on the position 1 or 2: {image} ??
AlliumPorrum,

I have no idea what you are asking here.. it looks like a breakout congestion. Meaning the price broke out but moving sideways. I don't think there is an entry to this until price break the top part of the horizontal channel and test the breakout resistance.
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