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Trend Follower 5 Minute System

  • #1,081
  • Nov 1, 2007 7:29am Nov 1, 2007 7:29am
Hi to all!!!
Here a trade not successful.
The trade it has not gone to good aim. The rules have been respected true?
I only consider a trade not successful, just? What you say?
Attached Image (click to enlarge)
Click to Enlarge Name: oggi.JPG Size: 128 KB
  • #1,082
  • Nov 1, 2007 7:53am Nov 1, 2007 7:53am
Hey Alby,
Thanks for posting the chart so we can all see a good example of a trade gone bad

1. overall trend of the usd/chf is down so you traded against the long trend
2. if you were going to trade against the trend, the better signal was the earlier signal (8:30) where at least it has a support level underneath it or
3. stay out of the trade all together. dont chase it even on a retracement.
4. dont feel bad dude, we've all done it

this is all hindsight of course
hang in there!

Quoting AlbyM
Hi to all!!!
Here a trade not successful.
The trade it has not gone to good aim. The rules have been respected true?
I only consider a trade not successful, just? What you say?
  • #1,083
  • Nov 1, 2007 8:39am Nov 1, 2007 8:39am
Quoting AlbyM
Hi to all!!!
Here a trade not successful.
The trade it has not gone to good aim. The rules have been respected true?
I only consider a trade not successful, just? What you say?
All the things mentioned by pipul8r are true. And one more thing. The slope was red and I would never have taken that trade because GMMA's were too apart for my taste.

Overall it's not a good idea to trade during NFP week because the market is usually choppy and this is not a scalping system.
  • #1,084
  • Nov 1, 2007 10:14am Nov 1, 2007 10:14am
ok grace to all!!
I will test still this method appeals to a lot to me, I consider it. "intelligent"..
  • #1,085
  • Nov 1, 2007 11:52am Nov 1, 2007 11:52am
AND THIS??

Also the rules are respected here, true?

Excused for my English but I I am Italian.
Attached Image (click to enlarge)
Click to Enlarge Name: oggi.JPG Size: 128 KB
  • #1,086
  • Nov 1, 2007 1:41pm Nov 1, 2007 1:41pm
Quoting AlbyM
Hi to all!!!
Here a trade not successful.
The trade it has not gone to good aim. The rules have been respected true?
I only consider a trade not successful, just? What you say?
Bummer trade but they happen.
  • #1,087
  • Nov 1, 2007 1:42pm Nov 1, 2007 1:42pm
Quoting AlbyM
AND THIS??

Also the rules are respected here, true?

Excused for my English but I I am Italian.
Yes, you would have lost on this one.
  • #1,088
  • Nov 1, 2007 1:56pm Nov 1, 2007 1:56pm
Quoting AlbyM
AND THIS??

Also the rules are respected here, true?

Excused for my English but I I am Italian.
Italien? est-ce un péché véniel ou mortel... lol
  • #1,089
  • Nov 1, 2007 2:15pm Nov 1, 2007 2:15pm
Hey Alby,
the MACD should cross down from above zero for an ideal set up if I understand the rules correctly. Look at the signal at 12:55, Plus, it had already made a pretty significant move down. But like before, if you look at a daily chart this pair is in a long term up trend so I would have looked for reasons to go long instead of short, like if it came back down to a strong support level. Even though there will always be set ups that are valid yet against the trend, thats just my preference.

Quoting AlbyM
AND THIS??

Also the rules are respected here, true?

Excused for my English but I I am Italian.
  • #1,090
  • Nov 1, 2007 4:11pm Nov 1, 2007 4:11pm
Quoting wiper
Yes, you would have lost on this one.

Tasks that the ideal is to put one stop loss, to 5 pips + spread from the most recent MIN\MAX?

How are putting you it stop?

THANKS TO ALL
  • #1,091
  • Nov 1, 2007 4:15pm Nov 1, 2007 4:15pm
Quoting pipul8r
Hey Alby,
the MACD should cross down from above zero for an ideal set up if I understand the rules correctly. Look at the signal at 12:55, Plus, it had already made a pretty significant move down. But like before, if you look at a daily chart this pair is in a long term up trend so I would have looked for reasons to go long instead of short, like if it came back down to a strong support level. Even though there will always be set ups that are valid yet against the trend, thats just my preference.

Hum... tasks that therefore are necessary also to watch the trend primary. or however the daily trend .. ?

Otherwise we have little signal ..
  • #1,092
  • Nov 2, 2007 2:05am Nov 2, 2007 2:05am
I managed to find the code for the Laguerre to paste into my charting programs, which was a relief.

However, it is asking for the GAMMA value. The default setting in this particular code is 0.5 but does anyone know what the GAMMA setting should be to perfectly replicate this particular system?

Thanks .
  • #1,093
  • Nov 3, 2007 4:24am Nov 3, 2007 4:24am
This week I have received many signals from the system. But I have inasmuch as many have been of the trade mistaken.
Here under an other example.
I hope that this it is made marks have had them to the news of this week and that from next the seventh system functions best.
Hello to all!!
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.JPG Size: 109 KB
  • #1,094
  • Nov 5, 2007 7:14am Nov 5, 2007 7:14am
I'm glad to inform you that Trend Follower has been translated into Russian!

http://www.forexcenter.ru/urbansotensek1/
  • #1,095
  • Nov 5, 2007 11:54am Nov 5, 2007 11:54am
Thought I might keep an eye on how this performs on the GBPAUD pair.

I guess the large spread might make it a bad choice for the 5min timeframe though?

Is it a waste of time testing this strategy on this pair?

This is the first valid signal for today I can see, it's 7 pips in profit right now (on top of the 12 pip spread)

I was just going to let it run until the slope line changes colour, ignoring any pivot points.
Attached Image (click to enlarge)
Click to Enlarge Name: 5mintfgbpaud.gif Size: 24 KB
  • #1,096
  • Nov 6, 2007 12:35am Nov 6, 2007 12:35am
You shouldn't trade pairs which have a huge spread on 5 min - that is a general rule of this system. The chances of winning are not on your side and you are risking your money unnecessarily.
  • #1,097
  • Nov 6, 2007 9:13am Nov 6, 2007 9:13am
Hi there fellow traders,
first congrats to Wicker for this great trading approach and that he shares it with others.
I think, this is a very efficient and easy to follow system, which can avoid most false trades, especially for beginners.
By reading part of the thread, I think, that there are still some traders confused about when to open positions and the high probability trades.

Here is the idea: why not meet live in a skype or paltalk conference room and call and discuss live trades? Sure, Wicker should moderate such a room, but in the meantime we could meet in a room I have just created on skype. Anybody who would like to join, please feel free to get in contact with my skypename: markustrader and I will invite you.
See you, good trades, cabtrader

P.S. I have been daytrading FX already several years, and I am online London and part of NY session. Sure we can discuss also other approaches in the room, but imho this room should especially serve to discuss wicker`s system trades. What do you think, wicker?
  • #1,098
  • Nov 6, 2007 10:00am Nov 6, 2007 10:00am
Quoting cabtrader
Hi there fellow traders,
first congrats to Wicker for this great trading approach and that he shares it with others.
I think, this is a very efficient and easy to follow system, which can avoid most false trades, especially for beginners.
By reading part of the thread, I think, that there are still some traders confused about when to open positions and the high probability trades.

Here is the idea: why not meet live in a skype or paltalk conference room and call and discuss live trades? Sure, Wicker should moderate such a room, but in the meantime we could meet in a room I have just created on skype. Anybody who would like to join, please feel free to get in contact with my skypename: markustrader and I will invite you.
See you, good trades, cabtrader

P.S. I have been daytrading FX already several years, and I am online London and part of NY session. Sure we can discuss also other approaches in the room, but imho this room should especially serve to discuss wicker`s system trades. What do you think, wicker?
HI!! yes yuo have an a good idea !! I don't have skype, but now download this and after i write here my contact!!
  • #1,099
  • Nov 6, 2007 10:06am Nov 6, 2007 10:06am
hi I am [email protected] my name is alby_m
  • #1,100
  • Nov 7, 2007 4:55am Nov 7, 2007 4:55am
Quoting cabtrader
Hi there fellow traders,
first congrats to Wicker for this great trading approach and that he shares it with others.
I think, this is a very efficient and easy to follow system, which can avoid most false trades, especially for beginners.
By reading part of the thread, I think, that there are still some traders confused about when to open positions and the high probability trades.

Here is the idea: why not meet live in a skype or paltalk conference room and call and discuss live trades? Sure, Wicker should moderate such a room, but in the meantime we could meet in a room I have just created on skype. Anybody who would like to join, please feel free to get in contact with my skypename: markustrader and I will invite you.
See you, good trades, cabtrader

P.S. I have been daytrading FX already several years, and I am online London and part of NY session. Sure we can discuss also other approaches in the room, but imho this room should especially serve to discuss wicker`s system trades. What do you think, wicker?
Sure, but I won't be online much if anytime. At least not for the following or next month, because I have too much to do. If your room proves to be a success I won't mind to take a peek and discuss a few minutes if I find the time.
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