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Trend Follower 5 Minute System

  • #521
  • Aug 29, 2007 9:27am Aug 29, 2007 9:27am
Quoting sempoi
Just a suggestion, why not we open up one chat room in yahoo or google, at least we all can shared a valid entry at a real time compared to post thread here
Not sure what you mean by "real time"?

Isn't this reply being posted imediately?


I for one don't want to register my details with either yahoo or google.

Ed.
  • #522
  • Aug 29, 2007 10:21am Aug 29, 2007 10:21am
Quoting FxFocus
Ok, I just took the long AUS/JPY trigger @ 93.89 TP=94.37 SL=93.45

Fingers crossed...

Ed.
Nice quick 48 pips profit

All thanks to TheWicker

Ed
  • #523
  • Aug 29, 2007 10:58am Aug 29, 2007 10:58am
Quoting FxFocus
Nice quick 48 pips profit

All thanks to TheWicker

Ed
That was a nice trade Ed! Congrats!
  • #524
  • Aug 29, 2007 2:51pm Aug 29, 2007 2:51pm
Quoting watchout4me
kindly check my screenshot.

trying to understand entry

can 1 be a valid entry and 2 as a re-entry?

anyone made trade today, can you post a screenshot where you enter?

thanks
Neither of them is valid. Please READ and look at the exact entry rules and screen shots I have posted at my site as well as some posts here on forex factory.
  • #525
  • Aug 29, 2007 4:57pm Aug 29, 2007 4:57pm
hi t-wolf what's your result for yesterday? and is there a filter to filter the false entry in E.A.S.Y system? thanks, just saw you online now, so I quckly post this message....
  • #526
  • Aug 29, 2007 5:28pm Aug 29, 2007 5:28pm
Quoting TheWicker
Neither of them is valid. Please READ and look at the exact entry rules and screen shots I have posted at my site as well as some posts here on forex factory.

was there any valid signal today?

can someone post a screenshot?

thanks
  • #527
  • Aug 29, 2007 5:59pm Aug 29, 2007 5:59pm
Quoting gunset
hi t-wolf what's your result for yesterday? and is there a filter to filter the false entry in E.A.S.Y system? thanks, just saw you online now, so I quckly post this message....
Hi Gunset,

No results for me, I didn't trade yesterday. I'm not sure about what indicator would make a good filter for the EASY system, maybe someone out there knows of a good filtering indicator. If the EASY system is giving you problems, then just trade The Wickers Trend Following 5M system. His system is clear and precise and needs no filters.....T-Wolf
  • #528
  • Aug 29, 2007 6:08pm Aug 29, 2007 6:08pm
Quoting watchout4me
was there any valid signal today?

can someone post a screenshot?

thanks
http://thehoddlegrid.net/dump/audnzd2.gif

I still would have stayed out of that trade (as the spread would kill you!), but to me that's valid. Correct me if I'm wrong though!
  • #529
  • Aug 30, 2007 12:34am Aug 30, 2007 12:34am
Dear T-wolf,
your system and the wicker's are great. really, I use it everyday and I just wonder if there is some improvement to filter the system. anyone?
  • #530
  • Aug 30, 2007 2:57am Aug 30, 2007 2:57am
Quoting tayser
http://thehoddlegrid.net/dump/audnzd2.gif

I still would have stayed out of that trade (as the spread would kill you!), but to me that's valid. Correct me if I'm wrong though!
Nice trade! Seems a valid one to me.
  • #531
  • Aug 30, 2007 2:58am Aug 30, 2007 2:58am
Quoting gunset
Dear T-wolf,
your system and the wicker's are great. really, I use it everyday and I just wonder if there is some improvement to filter the system. anyone?
Why filter the system? Isn't it good enough?
  • #532
  • Aug 30, 2007 7:53am Aug 30, 2007 7:53am
Hi,

I trade on 2 accounts.
One with this "5 min trend" system which is clear and easy.
One with "grid/hedge" aproach ( automatic mode)

My favorit is 5 min system but a big improvement will be when I will trade with this system with an EA.
  • #533
  • Aug 30, 2007 10:14am Aug 30, 2007 10:14am
oh.. missed very good signal for buy at usd\jpy
signal was at 15:25 GMT but i entered later and now iam in small profit


soon should be good signals for GBP\USD AUD\USD AUD\JPY NZD\USD and EUR\JPY !

watch and choose one or more

edited: just bougth AUD\JPY and NZD\USD
  • #534
  • Aug 30, 2007 11:42am Aug 30, 2007 11:42am
Quoting 4newbie
oh.. missed very good signal for buy at usd\jpy
signal was at 15:25 GMT but i entered later and now iam in small profit


soon should be good signals for GBP\USD AUD\USD AUD\JPY NZD\USD and EUR\JPY !

watch and choose one or more

edited: just bougth AUD\JPY and NZD\USD
What timeframe you are watching at?
  • #535
  • Aug 30, 2007 11:46am Aug 30, 2007 11:46am
just got a buy signal for usd/jpy correct?
  • #536
  • Aug 30, 2007 12:01pm Aug 30, 2007 12:01pm
Quoting wiper
What timeframe you are watching at?
5min
  • #537
  • Aug 30, 2007 12:15pm Aug 30, 2007 12:15pm
Quoting jay9170
just got a buy signal for usd/jpy correct?
In my opinion, yes, this should be a valid usd/jpy signal on the 5 min chart at 115.81 entry signal. Went as high as 116.04 so far.
  • #538
  • Aug 30, 2007 12:25pm Aug 30, 2007 12:25pm
Quoting wiper
In my opinion, yes, this should be a valid usd/jpy signal on the 5 min chart at 115.81 entry signal. Went as high as 116.04 so far.
yep, that's what I thought.
  • #539
  • Edited Aug 31, 2007 3:45am Aug 30, 2007 3:57pm | Edited Aug 31, 2007 3:45am
I don't know if it was mentioned yet, if it was I'm sorry.

I have been trying this system on the 1 min time frame on gpy/jpy and it is working very well.
It also works with eur/jpy.

I look where the trend is going, wait for a retracement and when a arrow appears in the direction of the trend, I wait for the candle to move in it's direction with momentum and enter at the break of the end of the candle with the arrow (can be a few candles later).
Sometimes it reverses a bit but then continues in the right direction and sometimes it goes in the wrong direction, so I leave my stop at the end of the candle before the arrow appeared ( I close manually not with stop loss). Should'nt be too big though, or the loss is too big.

You can always scalp a few pips and when you notice it's going really good, you can wait a little longer.
When you notice it's going against you again, better take a small profit than a bigger loss.

But don't try to enter again, wait for a further signal. I got burned a few times doing it.

Sometimes I also use it, against the trend, when I'm sure it will make a bigger retracement against the trend, but it's more dangerous.

Try it on a demo and see if it works for you.

Great system by the way. Thanks a lot!

Edit: Also be careful when you're approaching a recent high or a pivot or a round number, It often happens that the market goes against you if the signal comes too close to these levels and you will take a loss, wait for a second or more retracements to break the resistance.
Also be careful when the candle after the signal goes against the anticipated move instantly. There will be some choppy prices ahead.
  • #540
  • Aug 30, 2007 5:05pm Aug 30, 2007 5:05pm
@kurti thnaks for sharing. it's a great method there.

btw I've got a signal on USDCHF at 22.04 GMT entry is 1.2044, please check thanks..
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