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Trading System - Trade with the Trend

  • #1
  • First Post: Feb 10, 2018 11:52am Feb 10, 2018 11:52am
Step 1. Mark off major quarter points, institutional order zones and trend lines.

Step 2. Beginning watching pairs at 2AM/ 1 hour before the open of the London Market

Step 3. Determine trend for the day. Trade with the trend.

Step 4. Look for entry:

  1. wait for fractal 1 on hourly
  2. draw fib
  3. go down to 15min and wait for fractal at fib retracement line
  4. set sl no lower than 0.786

await update.

  • #2
  • Feb 13, 2018 2:49am Feb 13, 2018 2:49am
No screenshots, no party
  • #3
  • Feb 13, 2018 3:17am Feb 13, 2018 3:17am
Quoting elroyg
.......Step 3. Determine trend for the day................

This is not simple.

In fact its complicated. In fact, if you think its this simple, then its more complicated than you can possibly understand.
  • #4
  • Feb 13, 2018 4:02am Feb 13, 2018 4:02am
Quoting tomorton
{quote} This is not simple. In fact its complicated. In fact, if you think its this simple, then its more complicated than you can possibly understand.
I think it's more on probability and the numbers of open trades. Let's say in 30 trades by following the trend of the day, there's a higher chance of winning the 20 and losing only 10 trades... anyway again it's only a probability..
  • #5
  • Feb 13, 2018 4:25am Feb 13, 2018 4:25am
Quoting PXchange
{quote} I think it's more on probability and the numbers of open trades. Let's say in 30 trades by following the trend of the day, there's a higher chance of winning the 20 and losing only 10 trades... anyway again it's only a probability..

What's your method for identifying the trend of the day 1 hour before the open?
  • #6
  • Last Post: Feb 13, 2018 4:33am Feb 13, 2018 4:33am
Quoting tomorton
{quote} What's your method for identifying the trend of the day 1 hour before the open?
in my part I open @5:am and sell all at 5pm or more regardless of outcome. I can't say its profitable but its working for me and I'm sure it will not to others. the real take here is you just a follow a system..
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