Mr. Trend

Point pivot trend line and fibo system (Semafor included) 14 replies
Indicator fix...code included.. WHATS WRONG?!? 4 replies
An interesting read - Daily and 60 Min Strategy - Charts included 3 replies
DislikedIf you're using the 1 hr chart, to me, you are trading in the trench. This is the zone where I made most of my pips, and where most traders stay away from. I don't want to be in the way of this thread but if anyone seriously want to implement this method I'd suggest also to learn the chart using entry and exit from Dan Zanger at: http://www.chartpattern.com/cf/index.cfm
Good trading to all,
scalptIgnored
DislikedSeems this thread are getting prosperous.
Thank you Feb, TV, OND, ian, leigh, Mr. Trend, alcalstro and all other friends for your great contributions.
I think I should read all again from the first page.
Well, this is the summary. (Feb's and OND's method will become the same with TV's method if 4H is very big and its close is higher than previous 4h's highest).
1. Look daily chart for trading direction(weekly also, if necessary), i.e. long or short.
2. Wait patiently for retracement. Better not chase trend.
3. When retracement takes place, zoom in to look into 4H chart for a discount price (or good timing, more precisely IMO) .
4. Open your position, when 4H bar indicates the end of the retracement, i.e. there is a hammer, engulfing bar, V-form, the 4H bar has broken retracement trend line, etc. (Do your price action analysis)
5. As Feb said, patience plays an extremely important role. Ignore short time frame noise.
thank you.
(P.S. I followed Feb's method in e/u trading, entered and closed about 4~5 times, 4 successful. 1 stop loss. If I am patient and wiling to give market 150 ~200 pips for stop loss, my profits is more than 200 pips, there would be no stop loss at all, there would be no stupid close and open again with higher price. OND is correct, by this way, stop loss would not happen usually.)Ignored
Dislikedclockwork....
I went short on EUR/CHF @ 1.6323 as soon as it went below the previous days low....and then another sell order on the retrace at 1.6347. The Weekly "V" fractal is showing strong downward since 10/28, daily trend appears to be downward since 10/11. I took the 11/20 candle as start of "V", 11/21 candle is an inside bar, but 11/22 gives us a lower low, and the 11/23 candle I took as confirmation of an entry.
Did I analyze that correctly even though it appears the 11/23 candle is looking more like a pin bar now with a possible reversal?Ignored
DislikedHello Dear Feb2865, OND, Trader_V, Leighsww and others, I have just compiled all the great posts that I found the most important regarding Feb method on this thread and think to share it if people interested.
All of them are posts of either Feb2865, Trader_V, OND, Leighsww and others that I have put under different sections.
I find it very useful as a guide to remember the "saillant" points of this great method.
Hope it helps
sincerely
ShreemIgnored
Dislikedexcellent!!
Is there a possibility to add some charts ???
Thanks. Very well documented
PeaceIgnored
DislikedHello Dear Feb2865, yes it is definitely possible. Just tell me which charts you want me to add (either from this thread or others) and will do that happily for you.
Feb, will add some charts from the thread and you just tell me if you want any others
Edit: Just wanted to told everyone that I am currently adding charts to the word document and will re-post this document once done. Thank.
Sincerely
ShreemIgnored
DislikedHi Traders:
Any thoughts on next week potential trades to look at on any pairs?
Also have you found some pairs better to trade on a daily chart?
Thanks
ZeeIgnored
Disliked
Edit: Please, Feb2865, Trader_V, OND, Leighsww or others, if you find any inconsistencies in my word doc or charts, please let me know.
ShreemIgnored
DislikedOne thing I am conscious of is that there are a lot of quotes in there from various sources. I'm always very mindful that this is a thread feb started to talk about his interpretation of "how to trade". Every trader will differ slightly in their approach and his is different to mine and mine is different to TV etc etc.
I appreciate this might be too much work but I wonder if it would be better to have the document split into individual sections based upon the author and approach. So, a section for Feb, Trader V, myself etc. Alternatively, maybe just attributing each quote in your document to whomever said it. The reason I suggest this is that a potential reader might get confused by the quotes as they don't all entirely agree with each other.
Hope that helps and, again, great work!Ignored
DislikedHello Dear Feb2865, OND, Trader_V, Leighsww and others, I have just compiled all the great posts that I found the most important regarding Feb method on this thread and think to share it if people interested.Ignored