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PowerTrading/The River

  • #81
  • Jun 4, 2007 2:08pm Jun 4, 2007 2:08pm
Hello I want ask I downloaded setup from here.
Is it correct setup on screen???
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  • #82
  • Jun 4, 2007 2:28pm Jun 4, 2007 2:28pm
This is a nice way to trade, but the thing to remember about these types of trade strategies is that this is no different than using a moving average crossover as a trade signal. It will work great in trending markets and eat your lunch in ranging markets.

In addition, you are focused on a short timeframe -- make sure you zoom out to longer timeframes and are aware of what the overall trend is telling you. If you feel you must trade every "breakout" from the river then set small targets when trading against the overall trend and protect your profit vigorously.
  • #83
  • Jun 6, 2007 6:39am Jun 6, 2007 6:39am
Hi,

Been away from this thread for a while and I just want to update you on the River Trade as I see it. During the ranging markets it has been a bit more difficult to trade the River on some pairs. I think we need to look at the other pairs during this time but in the last week it has been starting to turn. I will be posting some new charts soon and once we start trending again, the pips will fly.

PowerTrader
Zone Breakout Method
  • #84
  • Jun 6, 2007 7:28am Jun 6, 2007 7:28am
Hi all

I'm actively trying this in it's 'most basic' form. Ie just waiting for the full open close of preceding candle below/ above the River and entering, then use pivot points to exit.

Just wondered if the last 2 days have been exceptional in your experiences?. I registered 230 pips Monday (GPB/JPY; GBP/USD; USD/CHF;AUD/USD;USD/JPY)

and 190 yesterday (4 pairs)

Any similar reselts?

Cheers

Rob
  • #85
  • Jun 6, 2007 7:38am Jun 6, 2007 7:38am
Quoting roberhert
Hi all

I'm actively trying this in it's 'most basic' form. Ie just waiting for the full open close of preceding candle below/ above the River and entering, then use pivot points to exit.

Just wondered if the last 2 days have been exceptional in your experiences?. I registered 230 pips Monday (GPB/JPY; GBP/USD; USD/CHF;AUD/USD;USD/JPY)

and 190 yesterday (4 pairs)

Any similar reselts?

Cheers

Rob
Which timeframe are you using?
  • #86
  • Jun 6, 2007 7:39am Jun 6, 2007 7:39am
15mins on all pairs.

Do you guys wait for a complete move through the River before entering?
  • #87
  • Jun 7, 2007 12:42am Jun 7, 2007 12:42am
well guys sorry ws away
and welcome back POWERTRADER

anyway i m just able to get like 230 pips total with GJ this week in thiwhc 1 loss trade is also included
coz not every time we win nothing is 100% sure

anyway uptil yet the system is soo much great and its porifitable in ranging market too

thanks power once again to introduce this system

thanks
abid
  • #88
  • Jun 10, 2007 3:43pm Jun 10, 2007 3:43pm
how do i use the cgi and absolute strength histogram?
  • #89
  • Jun 26, 2007 9:57pm Jun 26, 2007 9:57pm
Hi Power trader,

thanks for sharing this system.
I've backtest this river, but I see also false signal. I try reduce it by not trading in asia market as you suggest, but I still see false signal. Or we must use higher TF ?
May be you could give some tips or explanation how to avoid it.


thanks,

regards
okabija
  • #90
  • Jun 28, 2007 4:51am Jun 28, 2007 4:51am
not many posts on this thread recently, but I guess everyone keeps on making profits on GY because recently has been wildly trending. I got opportunity after opportunity, with very few losses. Thank you Rivertrader.
We leave no soldier behind.
  • #91
  • Jul 7, 2007 7:13am Jul 7, 2007 7:13am
Hi

I am using the River and have mixed results.... It would be good to post results/ set ups to compare with all similar traders?

I had only one trade last week on Tuesday for 24 pips. I use a 30 pip SL and a break even at 15.

If anyone would like to share results/ set ups, I'm sure we could fine tune to greater success.

Any takers?

Cheers

Rob (in UK)
  • #92
  • Jul 7, 2007 8:07pm Jul 7, 2007 8:07pm
cant beleive how dead this thread got??????? where everyon go
looks like a great method

backtested 4hour japyen with river and 62 envelope and looks great

{Please everyone start pposting about the river lets keep this thread alive)
  • #93
  • Jul 9, 2007 2:41am Jul 9, 2007 2:41am
Quoting Jimmywa
cant beleive how dead this thread got??????? where everyon go
looks like a great method

backtested 4hour japyen with river and 62 envelope and looks great

{Please everyone start pposting about the river lets keep this thread alive)
Dont get scared, my friend. Im sure all the users of River are making good scalping money with it. I use it on the 15 min charts, and I usually trade with the trend i.e. I wait for the dip to finish, and enter long at the first candle formed above the river.
Last week I didnt take any River trades until Friday, due to the holidays and the range it made... But since then I entered long at 247.10 and 248 and now im in green on both.

I use the River 15 on both Eur jpy and Gbp jpy. The 4H River is great, every one can see that...the only problem is that it gives very rare signals, so if you miss them, you have to wait for a long time until the next one.

My use of River consists of the CCI Sniper and Fib levels and trend lines, besides the basic setup, and it works great - just needs some discretion sometimes, i.e. dont enter blindly on a candle which formes outside the river, but first see the overall direction.
We leave no soldier behind.
  • #94
  • Jul 9, 2007 4:00am Jul 9, 2007 4:00am
Hi gagiul

Are the basic rules for entry on the 4h the same as 15 min?
Regards
  • #95
  • Jul 9, 2007 5:41am Jul 9, 2007 5:41am
Quoting howard
Hi gagiul

Are the basic rules for entry on the 4h the same as 15 min?
They are similar, but not exactly the same. Besides new EMAs are applied. You can look through this thread and find complete guide on RiverWild along with good video tutorial.
Patience is really trader's friend as well as trend

http://www.forexsrdc.com/forum/showthread.php?t=714
  • #96
  • Jul 10, 2007 3:26am Jul 10, 2007 3:26am
Quoting TheThing
They are similar, but not exactly the same. Besides new EMAs are applied. You can look through this thread and find complete guide on RiverWild along with good video tutorial.
Patience is really trader's friend as well as trend

http://www.forexsrdc.com/forum/showthread.php?t=714
Thank you, got it.
Regards
  • #97
  • Jul 10, 2007 6:08pm Jul 10, 2007 6:08pm
Hello Guys !

i am back in this thread
got +200 today
open from 248.20 close on 246.20
heheheh really happy


well now i regularly paste the results of the trading
good luck all with this trading system

and above all thanks powertrader to introduce this

thanks
netwise
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  • #98
  • Jul 11, 2007 4:38am Jul 11, 2007 4:38am
Quoting netwise
Hello Guys !

i am back in this thread
got +200 today
open from 248.20 close on 246.20
heheheh really happy


well now i regularly paste the results of the trading
good luck all with this trading system

and above all thanks powertrader to introduce this

thanks
netwise
Before the big move there was a false breakout to the downside which was stopped out if taken
Regards
  • #99
  • Jul 11, 2007 5:53am Jul 11, 2007 5:53am
hi guys
+50 in gj
open from 246.73 close on 247.23
+50 in pocket

good luck
netwise
Attached Image
  • #100
  • Jul 11, 2007 11:26am Jul 11, 2007 11:26am
Hi

My results for yesterday/ today:

Tues - GU B@ 2.0174 TP 50 (Hit)
Weds - GU B@ 2.0290 TP 50 (Hit)
Weds - EY B@ 167.55 Trail Stop hit at +10

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