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Diversified Trend Trading Approach

  • #3,261
  • Apr 24, 2018 4:53am Apr 24, 2018 4:53am
Quoting Ramadas
Italian stock market: 44% of my account to enter this short SDC {image} Another broker and cash Italian market only 1.1% of the account - similar amount of EUR in the account as the first broker: {image} So choose your broker wisely.
I would avoid the ITA40 trade mate until the short term SDC had a significantly different momentum signature to the long term. Use the short term momentum as a method to push price significantly in the favour of the long term. The angle differential needs to be greater otherwise you are really trading the long term momentum impulse.

In these situations I push my pendings further away to give a chance for a short term momentum impulse to emerge.

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  • #3,262
  • Apr 24, 2018 5:06am Apr 24, 2018 5:06am
R....in regards to your Thai Bhatt trade....I would probably have kept my pending much higher than yours. Remember the discussion regarding watching out for the deteriorating Donchian. Look for the levels associated with the last significant 2000 bar horizontal line which is associated with a major swing high. When a Donchian deteriorates at the end of it's count and is in the process of determining the next major swing high/low....there is really no meaning to it's positioning in the context of market structure. I hope this helps as the result will significantly reduce the propensity to overtrade. By doing this....we are reinforcing our logic of keeping away from the statistical noise and only acting on momentum surges when price has taken an excursion significantly beyond the historic mean.
  • #3,263
  • Apr 24, 2018 5:13am Apr 24, 2018 5:13am
The latest Momotrade is giving me grief. I have reverted back to RLF_Momowatch_v10.1 and RLF_MomoTrade_v16.5. Just too many problems. :-)
  • #3,264
  • Apr 24, 2018 6:43am Apr 24, 2018 6:43am
Cocoa grinding up:

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and sugar grinding down:

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #3,265
  • Apr 24, 2018 7:44am Apr 24, 2018 7:44am
Quoting Ramadas
Cocoa grinding up: {image} and sugar grinding down: {image}
Nailing them R
  • #3,266
  • Apr 24, 2018 9:28am Apr 24, 2018 9:28am
USD JPY and soon EUR JPY?

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #3,267
  • Apr 24, 2018 1:45pm Apr 24, 2018 1:45pm
So we have a meltdown in equities again. So let's now wait for long vol:

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And

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https://www.institutionalinvestor.co...it-record-high
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #3,268
  • Apr 24, 2018 7:50pm Apr 24, 2018 7:50pm
"When you can’t separate your reputation from your identity, you lose sense of who you really are." Gustavo Razzetti shakes some sense into the fickle ego.

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  • #3,269
  • Apr 24, 2018 8:16pm Apr 24, 2018 8:16pm
Quoting Copernicus
"When you can’t separate your reputation from your identity, you lose sense of who you really are." Gustavo Razzetti shakes some sense into the fickle ego. {image}
The Mediocrity Principle ... thought provoking stuff, C. Thanks!
  • #3,270
  • Apr 24, 2018 8:18pm Apr 24, 2018 8:18pm
Quoting Pips_Cruiser
{quote} The Mediocrity Principle ... thought provoking stuff, C. Thanks!
Cheers Pip. :-)
  • #3,271
  • Apr 24, 2018 8:55pm Apr 24, 2018 8:55pm
Quoting Pips_Cruiser
{quote} The Mediocrity Principle ... thought provoking stuff, C. Thanks!
That article provides a great segue into this thought provoking piece from Zat Rana about the need to 'experience the now'.

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  • #3,272
  • Apr 24, 2018 9:02pm Apr 24, 2018 9:02pm
NZDUSD - About to trigger

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  • #3,273
  • Apr 24, 2018 10:54pm Apr 24, 2018 10:54pm
Quoting Copernicus
NZDUSD - About to trigger {image}
Nice. NZDUSD daily chart is the one whispering to me:

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  • #3,274
  • Apr 25, 2018 2:31am Apr 25, 2018 2:31am
Concerning NZD we see weakness and I am on it vs CAD and vs USD. EURNZD also breaking out, but 2 pairs are enough.

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #3,275
  • Apr 25, 2018 2:43am Apr 25, 2018 2:43am
Would you find entry on USD NOK? I cannot find long SDC. Or no entry?

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #3,276
  • Apr 25, 2018 3:02am Apr 25, 2018 3:02am
Quoting Ramadas
Would you find entry on USD NOK? I cannot find long SDC. Or no entry? {image}
My pending on USDNOK is setup like this. Many of my trades have quite short...short term SDC's. They tend to operate on shorter timeframe swings than the over-riding longer term swing. Provided it makes sense in terms of market structure and is representative of increasing momentum then I will tend to take it.

Also note how far away my pending is. It was initially set some time ago based on the circumstances surrounding the exit of the prior trade back in Feb 2018.

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  • #3,277
  • Apr 25, 2018 3:19am Apr 25, 2018 3:19am
Quoting Copernicus
{quote} My pending on USDNOK is setup like this. Many of my trades have quite short...short term SDC's. They tend to operate on shorter timeframe swings than the over-riding longer term swing. Provided it makes sense in terms of market structure and is representative of increasing momentum then I will tend to take it. Also note how far away my pending is. It was initially set some time ago based on the circumstances surrounding the exit of the prior trade back in Feb 2018. {image}
Well, now short SDC looks short, but it will not if price will arrive at your entry point.

Do you move starting point of the SDC closer to price, so channel will be as narrow as possible but still outside price swings?
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #3,278
  • Apr 25, 2018 3:50am Apr 25, 2018 3:50am
Quoting Ramadas
{quote} Well, now short SDC looks short, but it will not if price will arrive at your entry point. Do you move starting point of the SDC closer to price, so channel will be as narrow as possible but still outside price swings?
Yep mate. If I can get a good distinctive momentum trajectory of a shorter term nature....I will reset the starting point of the short term SDC.
  • #3,279
  • Apr 25, 2018 4:55am Apr 25, 2018 4:55am
It seems your discretion is operating in Donchian 3000 and not 2000.... in this case of USD SGD you would take entry over this second last significant high? I put Donchian 2000 and 3000 together.

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #3,280
  • Apr 25, 2018 5:12am Apr 25, 2018 5:12am
GBPMXN looking better than USD MXN?

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
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