Weekly Outlook continued.....
FTSE
GBPSGD
GBPUSD
Nikkei
NZDCAD
NZDJPY
NZDUSD
....more to come.
C
FTSE
GBPSGD
GBPUSD
Nikkei
NZDCAD
NZDJPY
NZDUSD
....more to come.
C
Is Grid Trading (combined trend following and counter trend) Profitable? 3 replies
Making a good diversified portfolio 10 replies
Diversified EA Money Management Code 10 replies
HAMA PAD - A Simple Trading Approach 7 replies
Trading a (semi) automatic approach...but want more 11 replies
DislikedIn general a very tough trading week for trend followers with numerous false breakouts that quickly ran out of puff.Ignored
DislikedWeekly Outlook But before we get started, some great music from Nick Drake for a bit of reflection while you review the outlook https://www.youtube.com/watch?v=idcaRTg4-fM ASX {image} AUDCAD {image} AUDJPY {image} AUDUSD {image} CADJPY {image} ....more to come. CIgnored
QuoteDislikedwe may find that positive performance is achieved when we only trade the H4, D1 and M30 time-frames in the direction of the primary trend...or not at all.
DislikedHi Ja I reckon you are right with regards to the lower timeframes but given that I will be running the test this year I will be able to come up with some definitive statistics to prove whether the hunch I have has merit. The combinations I will be trialling are the following timeframes MN, W1, D1, H4, H1 and M30 and also whether the trades taken are in the direction of the primary trend or a counter trend trade. I have always been sceptical of counter trend trades given that they are of a much shorter term nature, so their validity for trend trading...Ignored
Disliked{quote} Hey C.. I have an account with IG... here they have an extensive list of instruments, they also managed to absorb the SNB scenario quite well.. they use the pro-realtime charting package.. It might be an option ? there are also some clearing houses who offer a large array of instruments with different platforms now ... I know what you mean though, once your happy with your set-up it almost seems unsettling...Ignored
Disliked{quote} Thanks Ja Yep, I use IG as well. That's where I got onto ProRealTime. The only problem I have with them is in their range of spot commodities (only 2 being silver and gold). The rest of the commodities offerred are futures derivatives which I tend to avoid. I am hoping that some day they extend their spot range offerrings. Their current instrument range pretty well defines my ability to diversify and I am therefore loaded up in forex and indices. There is more on offer in their forex and indices range but I am loathe to extend too much in...Ignored
DislikedSpeaking of good old Nick, this is absolute gold as you will know if you ever watched it before Always worth listening to it while working on your charts Enjoy http://youtu.be/ew1L6SLpHgM?list=FL4...qLCKGgsLojzUEwIgnored
Disliked. consecutive months of losses and even years of losses should be expectedIgnored
QuoteDislikedSo the central takeout here is that despite an unholy string of losses, it does not necessarily mean that the approach no longer works. This can only be evaluated over the long term. Before you relegate your approach to the dustbin, it is important to take these factors into consideration.