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Ben10 Trade The Trend

  • #21
  • Nov 15, 2017 12:22pm Nov 15, 2017 12:22pm
Quoting pakeha
Last question for now . Is it fair the say that the half trend indicator is not a key part of you trading decision at all? I am not sure why you have included it.
I will not take the trade in the opposite direction of the half trend. It is tempting but that would make me a counter trend trader and after blowing up a few accounts trying to predict when the trend will end, I realize I need to trade in the direction of the trend - until it ends!

Secondly - it also gives you an idea of when to get out.
  • #22
  • Nov 15, 2017 1:21pm Nov 15, 2017 1:21pm
Quoting enochben
First and foremost - I am starting this thread for 100% selfish reasons. To put myself out there so I have to be held accountable. I have been at this game for a minute. I have had some awesome days; my best day was + $12k. I've had some downright disastrous days; my worst day I entered (in the wrong direction) seconds before a news release without a stop and every time i tried to place one the market outran me... I lost about $6k in 3 minutes. I have problems whenever I get cocky and think I am a market wizard (must read books). When I am a boring...
Hi,

thank you for your Strategy. Could you please write your settings for the indis? Especially for the Fractal Mod.

Thank you
  • #23
  • Nov 15, 2017 1:53pm Nov 15, 2017 1:53pm
Quoting kleybenny
{quote} Hi, thank you for your Strategy. Could you please write your settings for the indis? Especially for the Fractal Mod. Thank you
factory settings
  • #24
  • Nov 15, 2017 1:56pm Nov 15, 2017 1:56pm
Quoting enochben
{quote} factory settings
When I use standards settings, I get this:
Attached Image (click to enlarge)
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  • #25
  • Nov 15, 2017 2:11pm Nov 15, 2017 2:11pm
Quoting kleybenny
{quote} When I use standards settings, I get this: {image}
change the time fram to 4hr or daily and then go back to 1hr. See if that works
  • #26
  • Nov 15, 2017 2:13pm Nov 15, 2017 2:13pm
Kleybenny - setting is 2,2,0
  • #27
  • Nov 15, 2017 4:35pm Nov 15, 2017 4:35pm
Hi enochben,
Thankyou for sharing this simple to follow strategy. I too have had a disaster with news and failing to correctly trade with the trend
I never thought about being aware of the weekly open, appreciate that tip. If you don't mind, I will have a go using your strategy and see how I go. Love the Ben10's story too hehehe
Kind Regards,
Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #28
  • Nov 15, 2017 9:19pm Nov 15, 2017 9:19pm
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  • #29
  • Nov 16, 2017 6:37am Nov 16, 2017 6:37am
Hello enochben,

How do you handle the weekend? The low extends through the weekend and is after weekly line below the line. Do you still trade when it passes the low low?

Thx D.

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  • #30
  • Nov 16, 2017 7:06am Nov 16, 2017 7:06am
Quoting DirkH143
Hello enochben, How do you handle the weekend? The low extends through the weekend and is after weekly line below the line. Do you still trade when it passes the low low? Thx D. {image}
I don't trade on weekends and usually avoid Mondays. At times you have to use discretion and your best judgement.
  • #31
  • Nov 16, 2017 7:58am Nov 16, 2017 7:58am
Quoting enochben
{image}
This would have been a good long?
  • #32
  • Nov 16, 2017 7:59am Nov 16, 2017 7:59am
Quoting fxtrain
{quote} This would have been a good long?

Thx, Brian
  • #33
  • Nov 16, 2017 8:46am Nov 16, 2017 8:46am
To keep with my promise to use this thread to hold myself accountable, I add my trade explorer to this thread.

Just shorted AUDJPY.
  • #34
  • Nov 16, 2017 11:18am Nov 16, 2017 11:18am
FFCal indicator isn't working in my mt4 ! what do i do ?
  • #35
  • Nov 16, 2017 5:24pm Nov 16, 2017 5:24pm
In this trade and hit a consolidation period. Since a lower low was printed, followed by a lower high - it appears that I should hold my shorts and wait for the breakdown.

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  • #36
  • Nov 16, 2017 6:53pm Nov 16, 2017 6:53pm
Quoting nahyan
FFCal indicator isn't working in my mt4 ! what do i do ?
Log onto Forex Factory and pay attention to any upcoming news.
  • #37
  • Nov 16, 2017 7:01pm Nov 16, 2017 7:01pm
Quoting enochben
{quote} The hardest thing (to me) to do is to keep adding to your position during a strong trend. There is a science to this and in my opinion it is the best way to multiply your capital. If you have entered say 3 higher highs - and have not seen any significant pullbacks, you have built up a sizeable position and most of it should be protected and risk free.


My bolding. This is one of the gems in this thread so far that many may totally gloss over. Get this part of your trading right and the sky's the limit.
  • #38
  • Nov 16, 2017 9:19pm Nov 16, 2017 9:19pm
Oh one other thing mate, an ADR can be invaluable with this type of trading. Check out the example on USDJPY just now. Price broke through a support point (using your indicators, can see it on the screenshot off to the left) and price is way down on the weekly, monthly and daily. So looks like a good sell spot. BUT, the same spot is also sitting right on the daily ADR so you must be very careful of a rebound around these points.....

(The green price labels in the screenshot are the ADR 5, 10 & 20)
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  • #39
  • Nov 16, 2017 9:46pm Nov 16, 2017 9:46pm
Quoting BSFilter
{quote} My bolding. This is one of the gems in this thread so far that many may totally gloss over. Get this part of your trading right and the sky's the limit.
As I read your bold requote I realize I failed to add on to my position (AUDJPY) when a fresh lower low was breached at 85.60!

FOCUS!
  • #40
  • Nov 17, 2017 1:48am Nov 17, 2017 1:48am
Quoting enochben
{quote} As I read your bold requote I realize I failed to add on to my position (AUDJPY) when a fresh lower low was breached at 85.60! FOCUS!
Love your ADR indicator, please can you post the ADR software ?
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