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5 Tricks of Trend Trading, by Rob Booker

  • #21
  • Nov 2, 2006 10:09pm Nov 2, 2006 10:09pm
Quoting ademac
1. Just ignore it. As it is all about the trend.
2. No you don't, the model is trend following and from the looks of the screen shot i would say it is from a ranging market. So wrong market condition to try it in.

If you want another filter try this one. go to daily or weekly chart. look at what direction the market is headed and only take trades in that direction.

well thats my 2 pips

Enjoy
Ademac
thanks alot ademac for yur valuable reply...true, its from the ranging market..infact i already have BULLISH daily signal before...at the same time i also have BEARISH medium term(H4) signal...i will be more discipline to follow the big trend...actually i didnt enter there....just to get more clearer to this trading approach.


regards,

candlepower
  • #22
  • Nov 3, 2006 8:48am Nov 3, 2006 8:48am
Quoting ademac
If you want another filter try this one. go to daily or weekly chart. look at what direction the market is headed and only take trades in that direction.
can u elaborate more about this ?...whats exactly "direction" mean ?...r we just look for the last candle/bar or we must look at 2-3 continuation candle/bar ?....

regards,

candlepower
  • #23
  • Nov 15, 2006 8:17pm Nov 15, 2006 8:17pm
Rob,
I am pretty darn sure at this point that it is impossible to teach others how to become profitable traders, nevertheless I always enjoy what you post.
I'll be looking forward to the next one!
  • #24
  • Nov 15, 2006 10:16pm Nov 15, 2006 10:16pm
Hi there,


I am quite new in forex......thus, would like to know the current trend of the EuroUSD. The daily oscillators show it to be overbought nevertheless, could someone be kind enough to point out if it could reach the 1.2900 level and more this week?
  • #25
  • Nov 15, 2006 10:23pm Nov 15, 2006 10:23pm
ok if i got that right 5/13/62 crossing that means 62ema has to cross both 5+13 to open corect now what tf is best to use it ? and whats the best pairs to apply the method ?
as you can tell i am a newb and i need some things to be explain the same way you will explainet to 5 year old.
  • #26
  • Last Post: Aug 21, 2010 10:04am Aug 21, 2010 10:04am
Excellent article!

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