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Trend Hunter Reloaded

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  • First Post: Feb 5, 2010 8:45pm Feb 5, 2010 8:45pm
Hi Fellow Traders, i am not going to say all the blah blah of who am i and how did i came up with the system, or how many pips the system makes per month, all i can say is that i make constant nice profits with it, so the success will depend on each of you guys, besides, english is no my primary language and I am lazy writing, enough!!!

Let's get into action: please load the attached indis and template and try to digest it, the chart is pretty self explanatory but don’t try to jump into any trades yet, I don’t have time right now, in the next post i’ll write the rules, cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: Trend Hunter GU.gif Size: 36 KB
Attached Files
File Type: ex4 Trend Hunter HAS.ex4   5 KB | 1,382 downloads
File Type: ex4 Trend Hunter MACD.ex4   7 KB | 1,300 downloads
File Type: ex4 Trend Hunter Range Detector.ex4   4 KB | 1,340 downloads
File Type: ex4 Trend Hunter Trading Times.ex4   5 KB | 1,215 downloads
File Type: tpl ## trendhunter reloaded.tpl   11 KB | 1,188 downloads
Hi Robby,

What time frame do you use it on? And how do you place your stop losses? Do use previous high or low for this? thanks
ok here are the first 2 rules, pay good attention to this ones because they are the most important ones:

Forget about the indicators for now

1.- go to the 1H or better the 4H chart and determine the current trend by drawing a channel, if it is a downtrend like the pic below this is done by finding the most recent tops and draw a trendline connecting them, then copy this trendline to the lowest low between the two tops u used to draw the top trendline:
Attached Image (click to enlarge)
Click to Enlarge Name: Trend Hunter GU 01.gif Size: 29 KB
2.- Once you have determined your trend direction by drawing the channel (as long as the price is inside this channel you only consider going short), so you start looking for a good place to enter short, trying to find some good resistance so you draw a Fib on the most recent swing preferably on the 4H chart (this is how i do it, you might like pivot points so use them), and mark your sell area, i use the zone between the 38.2 and the 61.8 fiblines
Attached Image (click to enlarge)
Click to Enlarge Name: Trend Hunter GU 02.gif Size: 25 KB
This is the fun part, the entries, once you have accomplished the first 2 steps or rules, you go down to a lower timeframe (i use the 5M chart) but you can use 15M, and wait for the price to retrace to our sell zone, once the price is near or into the sell zone, you look the signals to short, i hope the pic below explains the short signal:
Attached Image (click to enlarge)
Click to Enlarge Name: Trend Hunter GU 03.gif Size: 49 KB
Your analysis as well as your system is flawed. According to my research the GBP/USD is going to have a correction to the upside to the tune of 700 pips.

You do not need to be shorting this pair at all.

If you want to capture massive pips heed my research.

1. Do not trade this pair until Tuesday of next week, this is due to the after math of Non-Farm Payroll
2. Trade LONG and wait for price to breach the Watson/Ficher scalp level to the upside
3. Get ready for massive pips

Thanks and Happy trading.

I will stop back by to provide additional information

Master Tater

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 89 KB
your 4hr mtf fib system is great.

thank you for your continued contributions to ff.

Quoting AlbertTater
Your analysis as well as your system is flawed. According to my research the GBP/USD is going to have a correction to the upside to the tune of 700 pips.

You do not need to be shorting this pair at all.

If you want to capture massive pips heed my research.

1. Do not trade this pair until Tuesday of next week, this is due to the after math of Non-Farm Payroll
[font=Calibri]2....
Hi Albert, thanks for the TIP, i will consider it, but have in mind that this is only an explanation of the system i currently use (for over 6 months now), it is not an analisys on GBPUSD, i just used this pair as an example of how i trade, i don't have a clue of what watson/fisher scalp level is, and i will consider this market to be a short market until my channels and fibs are violated to the upside, and if what you say is true i will start going long only when i see a channel up at least on the 1H chart, i have learned to trust the price action, and for me this price action tells me to short GU (not now of course), yesterday i closed a 80+ pips short trade based on my analisys, so thanks for the tip as i said i will consider it, but only once i see signs that the market is really going up, happy pipping to all!
Quoting paghandum
your 4hr mtf fib system is great.

thank you for your continued contributions to ff.

Thanks Paghandum, i am glad you have read the FIB thread, so you will understand better the entries on this system, which basically is the 4H Fib system, but with entry confirmation
That is 100% your prerogative. I am merely imparting wisdom from my vast storehouse of knowledge. I will continue to stop by and give insight into your methods and help you along your path to FOREX riches.

Where can I find this FIB thread you speak of?

Happy Trading

Master Tater
Quoting AlbertTater
That is 100% your prerogative. I am merely imparting wisdom from my vast storehouse of knowledge. I will continue to stop by and give insight into your methods and help you along your path to FOREX riches.

Where can I find this FIB thread you speak of?

Happy Trading

Master Tater
Mr. Albert, i would really like to read about your methods because i have never found someone so sure about what a currency pair "will do", i really admire that and hope you really know what you are talking about, please provide a link where we can read something about your method to forecast so precisely that GU is going to retrace 700 pips to the upside, i don't mean to be rude but i have open this thread to try and help like i have been helped before, and posts like yours i think will only confuse, that chart you showed looks like an spaguetti incident to me, i suppose it makes sense to you, but not to me, and i would really like if people write only about what i am teaching, again i don't mean to be rude you are welcome here, like everybody else on this forum, but please don't drive this thread to another road, and if you want to help, open your thread and teach us your methods.

Happy weekend to everyone!
i forgot to provide the link to the fib thread:
http://www.forexfactory.com/showthread.php?t=149508
sorry about that
About the SL and trade management:

What i usually do i set my initial SL 10 pips above/below the last swing's high/low, and once the trade goes in my direction i visually trail my stop with the HAS indicator, i will close a trade if a candle closes above the HAS and this starts to change from gray to blue (assuming we are in a short trade), that is basically it, i will start to post screenshots of my entries the next week, i hope this thread help you guys.
Quoting AlbertTater
[font=Calibri][size=3]That is 100% your prerogative. I am merely imparting wisdom from my vast storehouse of knowledge. I will continue to stop by and give insight into your methods and help you along your path to FOREX riches.
Bahaha what a great troll poster

Robby2007: Looks like an interesting take on MTF/fibs trading. Will have a closer look during the trading week.
I am eye balling a possible reversal in your "Trend Hunting" Just waiting for price to close above the "Watson/Ficher" Scalp level.

This sucker looks like a doozy, I am targeting a hard target of 700 PIPS to the upside. I have already done the nitty gritty technical analysis and the number crunch.

Get ready to capture some SOLID pips on this sucker. LETS ROLL OUT!!!

I will not be leaving my trade station seat for a wile waiting for this trade to trigger, I may have to bring a bucket for pee to my desk......

Thanks and Happy Trading

Master Tater

Attached Image (click to enlarge)
Click to Enlarge Name: Trade.png Size: 75 KB
Hello to everyone!
albertater would you mind explaining the functionality of Watson/Ficher scalp level?
Quoting AlbertTater
I am eye balling a possible reversal in your "Trend Hunting" Just waiting for price to close above the "Watson/Ficher" Scalp level.

This sucker looks like a doozy, I am targeting a hard target of 700 PIPS to the upside. I have already done the nitty gritty technical analysis and the number crunch.

Get ready to capture some SOLID pips on this sucker. LETS ROLL OUT!!!

I will not be leaving my trade station seat for a wile waiting for this trade to trigger, I may have to bring a bucket for pee to my desk......

Thanks and Happy Trading...
Your in a downtrend and the resistance is to strong for that kind of reversal ..
Ok Guys let´s move on, in the chart below (No.1) we have a weekly fib that has been breached to the downside and the candle closed below, that is telling me that the market "might" continue short, now we have to try and find some nice bounce from a resistance followed my a confirmation by the indis, since the market it´s been so bearish we need a retrace to continue the short side, now in pic No. 2 it´s my look of the possible resistance points, look for price to retrace to those leves and then enter short according to the indis, those who are aggresive might want to buy to those levels, i won´t, and for sure this is not a prediction, it is just what i would like to happen, price might just continue down, remember to be on the right side of the trend!!!!, happy pips
Attached Images (click to enlarge)
Click to Enlarge Name: 2-8-2010 11-37-14 PM.jpg Size: 115 KB Click to Enlarge Name: 2-8-2010 11-42-42 PM.jpg Size: 116 KB
Guys watch out for the 1.5650 level, any short signals coming from around that area should be taken (just an opinion), cheers and good luck
Quoting robby2007
Guys watch out for the 1.5650 level, any short signals coming from around that area should be taken (just an opinion), cheers and good luck
Hi Robby,
Care to tell me the reason for picking this level? I asked because it is very far from the area marked/zone by you around 1.5880.
Thanks
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