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Trendology

  • #1
  • First Post: Edited Jul 21, 2019 12:16am Jul 20, 2019 6:46am | Edited Jul 21, 2019 12:16am
Very simple but discretionary strategy.

Indicator you need: Simple moving average (SMA), period of 5 days @ close.
Timeframe: Daily
Recommended initial capital: $1,000.00

Long (short) entry: Long (short) when the daily candle crosses and closes above (below) SMA that is sloping upward (downward).
Stop: Stop at the previous low (high) for long (short) positions.
Limit: 1:1 risk/reward ratio.

Trade at your discretion by incorporating the market fundamentals.

Long position built for Gold
Attached Image (click to enlarge)
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Short position built for CAD/JPY
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  • #2
  • Jul 20, 2019 6:46am Jul 20, 2019 6:46am
# Reserve
  • #3
  • Jul 20, 2019 7:36am Jul 20, 2019 7:36am
# Reserve
  • #4
  • Jul 20, 2019 11:13am Jul 20, 2019 11:13am
Hello,

Can you post another chart example more clear please?
  • #5
  • Jul 20, 2019 1:07pm Jul 20, 2019 1:07pm
if you have time, update it with important information
  • #6
  • Jul 20, 2019 11:11pm Jul 20, 2019 11:11pm
Quoting Invermac
Hello, Can you post another chart example more clear please?
Sure will do once I have time
  • #7
  • Jul 20, 2019 11:11pm Jul 20, 2019 11:11pm
Quoting ar72212
if you have time, update it with important information
Sure. Will post more charts and explanation later

Green pips!
  • #8
  • Jul 21, 2019 12:01am Jul 21, 2019 12:01am
Nice enough strategy. I use something very similar.

Trading does not have to be complicated. Trend-following is straightforward and profitable. Not much need to look further for profitable trading advice.
  • #9
  • Jul 21, 2019 10:06am Jul 21, 2019 10:06am
Quoting tomorton
Trading does not have to be complicated. .
The less complicated the more the gambling involved the higher the risk of ruin.

Complicated = more rules => more filters => better setups => higher profit. Simple as that!
Money moves the market, not an indicator.
  • #10
  • Jul 21, 2019 10:25am Jul 21, 2019 10:25am
Quoting andoseg2
{quote} The less complicated the more the gambling involved the higher the risk of ruin. Complicated = more rules => more filters => better setups => higher profit. Simple as that!
More filter will not lead to a stable trading. To much information will turn the things in trouble. I will not hide my secret, take the trendline tool and practice it in and out. Understand this simple tool and you smile every day.

Attached Image (click to enlarge)
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Picture earlier take and now take in profit out.
Perfection is the enemy of good enough!
  • #11
  • Jul 23, 2019 5:42am Jul 23, 2019 5:42am
Short EUR/GBP by the basic SMA setup and betting against a stronger Euro and weaker Pound.

Attached Image (click to enlarge)
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  • #12
  • Jul 24, 2019 2:29am Jul 24, 2019 2:29am
Quoting neothegreat
Short EUR/GBP by the basic SMA setup and betting against a stronger Euro and weaker Pound. {image}
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  • #13
  • Jul 24, 2019 8:21pm Jul 24, 2019 8:21pm
Short AUD/JPY.

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  • #14
  • Jul 24, 2019 9:50pm Jul 24, 2019 9:50pm
The strategy also works on the equity market for stocks that have strong fundamentals.

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  • #16
  • Jul 28, 2019 8:10pm Jul 28, 2019 8:10pm
The strategy is still working.

Some update on AUD/JPY and anothet trade NZD/JPY.

Attached Image (click to enlarge)
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  • #17
  • Last Post: Jul 28, 2019 8:12pm Jul 28, 2019 8:12pm
Quoting neothegreat
{quote} {image}
Closed with about $150 profits.
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