Hourly Trend Rider... | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trio Orchestra EA: A free - no expiry - little grid rider 1,967 replies

hourly pivot point indicator Request 3 replies

A Surf Rider's Journal 8 replies

Math question: equating hourly stochastics/rsi with daily 3 replies

The switch from hourly to daily...and the psychological ramifications... 79 replies

Attachments: Hourly Trend Rider...
Exit Attachments

Hourly Trend Rider...

  • #41
  • Nov 6, 2007 1:38pm Nov 6, 2007 1:38pm
http://i43.photobucket.com/albums/e3...ailytrend2.gif

The idea is this, find a short term trend. If the trend is going uphill, buy low exit high.

Now in the above EURUSD chart, the uptrend started on Sept. 7th. We just look for the lows.

http://i43.photobucket.com/albums/e3...sdh1cross2.gif

How do we find the lows? By using the EMA crossings of EMA5 & EMA13. Wait for the pullbacks, and then enter when EMA5 crosses up EMA13. We don't know when the pullbacks are over so we wait for the EMA crossings.

You always hear, the trend is your friend. The "Hourly Trend Rider" trades in one direction only and it's the right way. There's nothing wrong with it.

This trading method is K.I.S.S. Keep It Simple System. You don't need to wait for the confirmation of 10 different indicators. You don't need 10 indicators.

Good luck and green pips to everyone.
  • #42
  • Nov 6, 2007 1:44pm Nov 6, 2007 1:44pm
Banzai thank you and very well done I dont think I could of explained it that easily and clearly if I tried.
  • #43
  • Nov 6, 2007 2:03pm Nov 6, 2007 2:03pm
Just entered Long GJ at 239.18
SL @ 238.61
  • #44
  • Nov 6, 2007 2:15pm Nov 6, 2007 2:15pm
Quoting Bam Bam
Just entered Long GJ at 239.18
SL @ 238.61
Ditto!!

Interesting system! And thanks for sharing....

Angie
  • #45
  • Nov 6, 2007 2:42pm Nov 6, 2007 2:42pm
Hi Bam Bam. Thanks for this great system, and thanks also to banzai by post indicators and template. I will try tomorrow.

Thanks again. Saludos !!!
  • #46
  • Nov 6, 2007 3:18pm Nov 6, 2007 3:18pm
Quoting angiegiles00
Ditto!!

Interesting system! And thanks for sharing....

Angie

my plaesure bro, hmmmm your name would indicate your not a bro but a sis instead.

my pleasure sis

Many green pips to you!!!
  • #47
  • Nov 6, 2007 3:19pm Nov 6, 2007 3:19pm
Quoting Bam Bam
for the GBPJPY did you get in early?
I should be getting a signal at the 3pm hour.

Congrats to you my friend!!!
No, I can't trade 24 hours so I got in late and got only 30 pips. That's OK. Next time.
  • #48
  • Nov 6, 2007 3:31pm Nov 6, 2007 3:31pm
Quoting Kfx
Hi Bam Bam. Thanks for this great system, and thanks also to banzai by post indicators and template. I will try tomorrow.

Thanks again. Saludos !!!
Your welcome bro....
good luck to you...
  • #49
  • Nov 6, 2007 3:32pm Nov 6, 2007 3:32pm
Quoting Bam Bam
my plaesure bro, hmmmm your name would indicate your not a bro but a sis instead.

my pleasure sis

Many green pips to you!!!
  • #50
  • Nov 6, 2007 4:07pm Nov 6, 2007 4:07pm
Quoting Bam Bam
Just entered Long GJ at 239.18
SL @ 238.61

Nice call and nice system... looks like your call is working out great, I saw the cross but was a little late.
  • #51
  • Nov 6, 2007 4:20pm Nov 6, 2007 4:20pm
Quoting Troon
Nice call and nice system... looks like your call is working out great, I saw the cross but was a little late.
Welcome Troon
Be patient wait for signal
  • #52
  • Nov 6, 2007 6:18pm Nov 6, 2007 6:18pm
hi BamBam, are u thinking of conducting a chatroom for live calls and discussion? using irc maybe?
nasi lemak style! wachaaa... em, nyum nyum mamam...
  • #53
  • Nov 6, 2007 7:23pm Nov 6, 2007 7:23pm
^^ We can get a free one at PalTalk dot com.
  • #54
  • Nov 6, 2007 9:35pm Nov 6, 2007 9:35pm
Ive been using a similar system modeled after the Bagovino system. I started following the 25-50 method by Effilang and just sort of integrated them. But my problem is the TP as well. I am afraid to leave my trades open before I go to bed fearing the EMA's will cross while i sleep and turning my profit into loss, so I have been closing them out before going to bed just to find that the price moved another 100 pips in my favor while I slept. Im glad to say that I got some of the move just need a good alert I think. Thank you for sharing your work. I hope this thread continues to come up with good ideas on the TP aspect of this system. I will be following closely.

Henyloc
  • #55
  • Nov 6, 2007 9:42pm Nov 6, 2007 9:42pm
Anyone short USD/JPY? A bit of a late entry but shorted @ 114.34

Henyloc
  • #56
  • Edited 10:15pm Nov 6, 2007 10:10pm | Edited 10:15pm
Attached Image
I see some good support down at the 114.13 level. USD/JPY
  • #57
  • Nov 6, 2007 10:20pm Nov 6, 2007 10:20pm
im shorting UJ @ 114.37.. i hope it's not too late :
nasi lemak style! wachaaa... em, nyum nyum mamam...
  • #58
  • Nov 6, 2007 10:34pm Nov 6, 2007 10:34pm
short from 114.70 closed half at +40 BE on remainder will exit 3 lots at 113.98 if it hits it.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy11607.JPG Size: 49 KB
  • #59
  • Nov 6, 2007 10:45pm Nov 6, 2007 10:45pm
Quoting henyloc
Anyone short USD/JPY? A bit of a late entry but shorted @ 114.34

Henyloc
USDJPY
Short @ 114.46
SL @ 114.93

Let's wait and see...

Your comments about TP are exactly my concerns too.
Conventional wisdom (eg Van Tharp) is to let profits run until signal reverses.
You might find this recent thread by Soultrader of interest:
http://www.forexfactory.com/showthread.php?t=54070
Backtesting is one way to refine this and create greater certainty and trust in any system. (I'm a Douglas fan as well).
Like others have already said, the simplicity of this system appeals.
MM is key as Bam Bam states, but that is really about stop loss, exits and position sizing. Stop loss is only for worst case scenario not for exits.
First we need to know "expectancy", ie win/loss ratio; $ size of wins:losses; and frequency of trades.
Stats and probabilities help to settle and calm emotions....
Each to his own....

Anyways, thanks Bam Bam for sharing what works for you.
cheers
  • #60
  • Nov 6, 2007 10:58pm Nov 6, 2007 10:58pm
How do you guys set the stop loss for USDJPY? My H4 ATR said 0.4433
0 traders viewing now