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Trend Trading System

  • #301
  • Sep 30, 2014 5:12am Sep 30, 2014 5:12am
Also watch out for the Soybeans and Corn as they're both forming similar setups.

Fartist
Whether you can or you can't, you are both right.
  • #302
  • Sep 30, 2014 5:49am Sep 30, 2014 5:49am
And this sums it up!

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Fartist
Whether you can or you can't, you are both right.
  • #303
  • Sep 30, 2014 7:10am Sep 30, 2014 7:10am
Quoting fartist
And this sums it up! {image} Fartist
Brilliant!
Even a journey of a thousand miles starts with a single step.
  • #304
  • Sep 30, 2014 7:54am Sep 30, 2014 7:54am
Hello. I would like to know your opinion about this pair?
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  • #305
  • Sep 30, 2014 9:41am Sep 30, 2014 9:41am
Hello fartist

Could you run an analysis of one of the indices as well, Dax or Dow according to this method
Thanks
Regards
  • #306
  • Sep 30, 2014 7:55pm Sep 30, 2014 7:55pm
Hi fartist, I trade a very similar system and have enjoyed reading your thread, look forward to reading more.
  • #307
  • Oct 1, 2014 2:34am Oct 1, 2014 2:34am
Quoting cesar8
Hello. I would like to know your opinion about this pair? {image}
Hi Cesar,

Personally i'd favour the Audusd over the Audcad.

You get cleaner moves to the downside and it's relatively weaker compared to Audcad.

Fartist
Whether you can or you can't, you are both right.
  • #308
  • Oct 1, 2014 2:34am Oct 1, 2014 2:34am
Quoting howard
Hello fartist Could you run an analysis of one of the indices as well, Dax or Dow according to this method Thanks
Hi Howard,

I think it will be more beneficial if you put to use what you learn here into the analysis of those indices.

Fartist
Whether you can or you can't, you are both right.
  • #309
  • Oct 1, 2014 2:35am Oct 1, 2014 2:35am
Quoting Robasker
Hi fartist, I trade a very similar system and have enjoyed reading your thread, look forward to reading more.
Hi Robasker,

Thank your for your kind words and am glad to have you around!

Fartist
Whether you can or you can't, you are both right.
  • #310
  • Oct 1, 2014 3:04am Oct 1, 2014 3:04am
Watching Eurusd..

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Fartist
Whether you can or you can't, you are both right.
  • #311
  • Oct 1, 2014 6:40am Oct 1, 2014 6:40am
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Fartist
Whether you can or you can't, you are both right.
  • #312
  • Oct 1, 2014 9:59am Oct 1, 2014 9:59am
What do you think about NZDUSD?

Looks Like consolidation but monthly support at .76875
  • #313
  • Oct 1, 2014 5:45pm Oct 1, 2014 5:45pm
Quoting keeper81
What do you think about NZDUSD? Looks Like consolidation but monthly support at .76875
Would have been a nice entry around .78500, retracing back into the trading zone and hitting a previous minor support level with a first target level around the .76800.
  • #314
  • Oct 1, 2014 10:34pm Oct 1, 2014 10:34pm
Hi Fartist,

following last night's price action, im watching the 4h UJ chart and according to your approach, if I use 4H chart as entry chart and chase this trend all the way thru, I would've closed out my long position as price closed below EMA50.

my question is then what? do you look for chance to get back in again? as the the HTF Daily, weekly are still in bullish trend ( price well above EMA50 on those TF). If so how do you do it? still follow your approach when price moves back in the value zone?

or if you are not back in, just observe the price action and look for a reversal here? I mean price could be doing anything here, range bounding or reverse.

I'm very much in a bit of loss here as I dont know what I should be doing here.

thanks.

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  • #315
  • Oct 2, 2014 2:23am Oct 2, 2014 2:23am
Quoting wuhui6
Hi Fartist, following last night's price action, im watching the 4h UJ chart and according to your approach, if I use 4H chart as entry chart and chase this trend all the way thru, I would've closed out my long position as price closed below EMA50. my question is then what? do you look for chance to get back in again? as the the HTF Daily, weekly are still in bullish trend ( price well above EMA50 on those TF). If so how do you do it? still follow your approach when price moves back in the value zone? or if you are not back in, just observe the...
Hi Wuhui,

That's a good question and yes you're right that both the daily and weekly are still in an uptrend.

There's quite a few things you can do from here

1) Stay out and wait for a valid entry to get back in

2) You could wait for a range pullback to get long

3) Trade the breakout of the highs to get long

Some possible scenarios that you can consider and there's no right or wrong.

Fartist
Whether you can or you can't, you are both right.
  • #316
  • Oct 2, 2014 2:28am Oct 2, 2014 2:28am
And couple of trades that hit my Stoploss

Losses are the cost of doing business. The trick is to keep them as small as possible

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Fartist
Whether you can or you can't, you are both right.
  • #317
  • Oct 2, 2014 4:22am Oct 2, 2014 4:22am
Hi Fartist, great thread

I am a trend trader too, although my system is much more mechanical. Read the same books and have similar views on most of the subjects presented in this thread. A question I have for you that is not adressed .. if you don't mind. How do you handle swap ? Some pairs like the NZD / USD / TRY etc are a pain in the *ss. I know that I should do some simulations on it but I was interested in hearing your point of view.

For the time being I was leaving them out of the equation or only entering when swap was on my side, but that's a big no no in terms of efficient trend trading.

Kindest regards

Armacom
Don’t ever let someone tell you that you can’t do something.
  • #318
  • Oct 2, 2014 4:32am Oct 2, 2014 4:32am
Quoting Armacom
Hi Fartist, great thread I am a trend trader too, although my system is much more mechanical. Read the same books and have similar views on most of the subjects presented in this thread. A question I have for you that is not adressed .. if you don't mind. How do you handle swap ? Some pairs like the NZD / USD / TRY etc are a pain in the *ss. I know that I should do some simulations on it but I was interested in hearing your point of view. For the time being I was leaving them out of the equation or only entering when swap was on my side,...
Hi Armacom,

Thank you for your kind words!

With regards to your question, i don't really pay much attention to swaps of most products as the interest rate differential across most products are not too far off.

However there are some which are skewed in one direction like the USDTRY you mentioned. I don't trade the USDTRY personally but if i were to trade it, i'd still trade it the same as my risk is spread out across all markets. Thus 1 product itself won't make so much of a difference.

One thing you could consider is to trade the side which gives you positive swap only? This way you have the trend as well as the swaps on your side!

Fartist
Whether you can or you can't, you are both right.
  • #319
  • Oct 2, 2014 8:00am Oct 2, 2014 8:00am
Quoting samer960
nice ,we are almost looking at the same charts !! and trading almost the same way ! let the profit run and cut your losses short this is the core of this system . nice thread regards samer {image}
Glad you are well my friend!
  • #320
  • Oct 2, 2014 9:05am Oct 2, 2014 9:05am
Quoting fartist
And couple of trades that hit my Stoploss Losses are the cost of doing business. The trick is to keep them as small as possible {image} {image} Fartist
Hi Fartist,
I have gone through the same stop loses, AUDUSD and USDJPY, and also GBPAUD. Apart from that, others trades where I had already took profit on half of the position, had reversed and hit the breakeven..It has not been a good trading day I would say! We will have to keep on trading as you said
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