My Day Trading System (MDTS) in trend following | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Is Grid Trading (combined trend following and counter trend) Profitable? 3 replies

Trend following or trend fading? 8 replies

A simple 20 Day trend following system 5 replies

SMA - Bollinger long term trend following system 7 replies

PBTrend A Daily Trend Following System 13 replies

Attachments: My Day Trading System (MDTS) in trend following
Exit Attachments

My Day Trading System (MDTS) in trend following

  • #81
  • May 29, 2019 5:57am May 29, 2019 5:57am
Quoting sriloba
{quote} Hi, I like the second one. Because I have used more than 10 years the cross of 5/10 EMA to determine the current trend on H4. Then, for the first time, I use QQE on H1 to analyze the medium current trend aligning with the one on H4. It is powerful for the high probability of trade. Also, I think the interval of using time frames is the factor of 4 (H4_H1_M15) is helping to analyze top-down accurately. Sai Ram
Hi, I'd like to share - GBPUSD - the first improved system - 8.00 GT - SELL - 20 green pips. I'm waiting for the next entry on the second improved system - we have a SELL signal on H4 now - waiting after a corection on MACD on M15 /it is a blue histogram now/, MACD to become a red one.
  • #82
  • May 29, 2019 6:33am May 29, 2019 6:33am
Quoting NatashaM
{quote} Hi, I'd like to share - GBPUSD - the first improved system - 8.00 GT - SELL - 20 green pips. I'm waiting for the next entry on the second improved system - we have a SELL signal on H4 now - waiting after a corection on MACD on M15 /it is a blue histogram now/, MACD to become a red one.
Hi,

I've closed GBPUSD with +9 pips.

Last night, I went sell on GBPUSD for 40 pips as TAKING PROFIT and went to bed. I think I was so greedy.




Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: downT.png Size: 127 KB
Being a fxtrader is not easy. Ones must working hard.
  • #83
  • May 29, 2019 6:38am May 29, 2019 6:38am
Quoting sriloba
{quote} Hi, I've closed GBPUSD with +9 pips. Last night, I went sell on GBPUSD for 40 pips as TAKING PROFIT and went to bed. I think I was so greedy. Sai Ram {image}
The last night GBPUSD was ranging
  • #84
  • May 29, 2019 10:07am May 29, 2019 10:07am
Hi,

I've just closed GBPUSD for another +17 pips

The job is done




Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 126 KB
Being a fxtrader is not easy. Ones must working hard.
  • #85
  • May 29, 2019 10:10am May 29, 2019 10:10am
Dear traders, in my opinion, it is necessary a candle on H1 not only to touch the H_L of 5 EMA, but to CLOSE over or under this EMA in order the entry to be confirmed - BUY or SELL. Sometimes Stoch on H4 is giving us a late signal - it is showing us the correction of the price - not just the entry. So, we have to think over the settings of this Stoch in order to correlate the indicators. What do you think about this?
  • #86
  • May 29, 2019 10:18am May 29, 2019 10:18am
Quoting NatashaM
Dear traders, in my opinion, it is necessary a candle on H1 not only to touch the H_L of 5 EMA, but to CLOSE over or under this EMA in order the entry to be confirmed - BUY or SELL. Sometimes Stoch on H4 is giving us a late signal - it is showing us the correction of the price - not just the entry. So, we have to think over the settings of this Stoch in order to correlate the indicators. What do you think about this?
Hi,

The stochastic in H4 is there just for confirming the cross of 5/10 EMA. And also we need the stoch in M15 to confirm the entry.

If your entry in M15, let say downtrend, price trades below the 20 ema(H1) then there is a high probability trade.

In a downtrend, for instance, we need price touching the 5 ema(H1) of the high and also we need Macd histogram (M15) going above the zero level for a high probability of trade. Then we have a full retracement of price action. That for we need so much before entering a trade.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #87
  • May 29, 2019 11:13am May 29, 2019 11:13am
Quoting sriloba
{quote} Hi, The stochastic in H4 is there just for confirming the cross of 5/10 EMA. And also we need the stoch in M15 to confirm the entry. If your entry in M15, let say downtrend, price trades below the 20 ema(H1) then there is a high probability trade. In a downtrend, for instance, we need price touching the 5 ema(H1) of the high and also we need Macd histogram (M15) going above the zero level for a high probability of trade. Then we have a full retracement of price action. That for we need so much before entering a trade. Sai Ram
At 8.00 GT GBPUSD on H4 Stoch was blue, but we had a very nice entry on M15 - SELL with abot 20 pips profit, that's why I think the Stoch on H4 is a bit late.
  • #88
  • Edited 12:37pm May 29, 2019 12:15pm | Edited 12:37pm
Quoting NatashaM
{quote} At 8.00 GT GBPUSD on H4 Stoch was blue, but we had a very nice entry on M15 - SELL with about 20 pips profit, that's why I think the Stoch on H4 is a bit late.
Hi,

Yes, I see. I want you to concentrate to align the direction of H4 and H1 first of all.

Then enter a trade in M15 after price action makes a maximum of retracement by watching the price touches to the 5 ema (H1) of the High/Low and Macd histogram(M15) goes above/below the zero level before you pull the trigger.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #89
  • May 30, 2019 8:11am May 30, 2019 8:11am
Hi,

Today 1 trade GBPUSD.

Sell GBPUSD with SL= 20 pips from the entry and TP= 20 pips.

Unfortunately, my trade was stopped out with -20 pips.



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 181 KB
Being a fxtrader is not easy. Ones must working hard.
  • #90
  • May 30, 2019 8:31am May 30, 2019 8:31am
Quoting sriloba
Hi, Today 1 trade GBPUSD. Sell GBPUSD with SL= 20 pips from the entry and TP= 20 pips. Unfortunately, my trade was stopped out with -20 pips. Sai Ram {image}
It was a very long sell candle - of about 20 pipis long. So, it's better to stay away from such a trade or we have to be ready to put a bit higher SL, having in mind this long candle. I entered in the same trade, but my SL is higher - so I'm still waiting for the finishing of this trade. 20 pips is impossible to put SL in every trade - it depends of the exact trade, I think. For the present - the price is ranging too like yesterday. But USDCHF was a perfect setup at 7.00 GT - BUY - 20 green pips , now I'm waiting for a second entry. USDJPY is a possible entry too - I'm waiting now - BUY entry.
  • #91
  • May 30, 2019 8:40am May 30, 2019 8:40am
Quoting NatashaM
{quote} It was a very long sell candle - of about 20 pipis long. So, it's better to stay away from such a trade or we have to be ready to put a bit higher SL, having in mind this long candle. I entered in the same trade, but my SL is higher - so I'm still waiting for the finishing of this trade. 20 pips is impossible to put SL in every trade - it depends of the exact trade, I think. For the present - the price is ranging too like yesterday. But USDCHF was a perfect setup at 7.00 GT - BUY - 20 green pips , now I'm waiting for a second entry. USDJPY...
Hi,

Right. You see my big mistake. I had toll people in the past not to enter a trade after a long body candlestick formed. Because, by nature, the price will retrace.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #92
  • May 30, 2019 8:50am May 30, 2019 8:50am
Hi,

If I trade USDJPY, I will buy in M5 as followed.


The trend is up. The alignment is perfect.

Enter a buy trade in M5:

1) Price touches the 5 ema (H1) of the low;
2) CCI(M5) is below -150
3) stochastic trending up + Force Index(H1) is positive

Buy = 1)+2)+3)


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: BUY.png Size: 128 KB
Being a fxtrader is not easy. Ones must working hard.
  • #93
  • May 30, 2019 9:08am May 30, 2019 9:08am
Hi,

If I trade USDCHF, I will buy in M5 as followed.


The trend is up. The alignment is perfect.

Enter a buy trade in M5:

1) Price touches the 5 ema (H1) of the low;
2) CCI(M5) is below -150
3) stochastic trending up + Force Index(H1) is positive

Buy = 1)+2)+3)


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: BUY.png Size: 127 KB
Being a fxtrader is not easy. Ones must working hard.
  • #94
  • May 30, 2019 9:44am May 30, 2019 9:44am
I've just closed GBPUSD the first trade - SELL - 20 pips in profit, the second is in profit too - I moved SL to breakeven and closed with 30 green pips.
  • #95
  • May 30, 2019 9:51am May 30, 2019 9:51am
Quoting NatashaM
I've just closed GBPUSD the first trade - SELL - 20 pips in profit, the second is in profit too - I moved SL to breakeven and closed with 30 green pips.
Being a fxtrader is not easy. Ones must working hard.
  • #96
  • May 30, 2019 10:41am May 30, 2019 10:41am
Quoting sriloba
{quote}
Thank you, Sriloba for sharing the system - I think it is a very nice strategy. Are you still testing it on demo or are you trading on real account with it? I'm not sure for myself what to do. There is nobody /eccept you/ to share the results - then the decision will be easiier.
  • #97
  • May 30, 2019 10:53am May 30, 2019 10:53am
Quoting NatashaM
{quote} Thank you, Sriloba for sharing the system - I think it is a very nice strategy. Are you still testing it on demo or are you trading on real account with it? I'm not sure for myself what to do. There is nobody /eccept you/ to share the results - then the decision will be easiier.
Hi,


I had finished demo since 10 years ago.

But I risk each trade of 3-4% of capital.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #98
  • May 30, 2019 11:11am May 30, 2019 11:11am
Quoting sriloba
{quote} Hi, I had finished demo since 10 years ago. But I risk each trade of 3-4% of capital. Sai Ram
May be it's time to begin with a micro lot on real account at first to see the results, then to increase - with mini lot later, may be it's time to finish with demo.
Thank you, Sriloba!
  • #99
  • May 30, 2019 11:44am May 30, 2019 11:44am
Quoting NatashaM
{quote} May be it's time to begin with a micro lot on real account at first to see the results, then to increase - with mini lot later, may be it's time to finish with demo. Thank you, Sriloba!
Hi,

Oh, Yea!! Baby



Don't waste to much time in the demo. Begin with a micro account then increase lots according to the risk management.





Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #100
  • May 31, 2019 2:24am May 31, 2019 2:24am
Hi,

GBPUSD is stopped out with -6 pips

Always put a stop loss at the most recent high or low. In this case, I decided to put the stop loss 6 pips from the entry.

Because I saw the Hammer formed, in H4, at the bottom of the downtrend. Maybe the trend reverses.



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 124 KB
Being a fxtrader is not easy. Ones must working hard.
0 traders viewing now