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Trend Smasher - Profitable Mechanical Long Term Position Trading

  • #81
  • Nov 12, 2007 7:57pm Nov 12, 2007 7:57pm
Tonight the AUD/USD line appears to be contacting the 33 level. Anyone else see this? Is this of any interest?

EUR/AUS- Are we waiting for a downward day candle?

Having trouble trying to post a chart.

Thanks

Keith
  • #82
  • Nov 13, 2007 12:14am Nov 13, 2007 12:14am
Keith,

i'm not too exprienced, if I were I would have my own strategy i would be using I am attaching a screen shot of what i see on eur/aud, there is no bounce here (attaching my screen shot).. you may though see a bounce w/a different broker... I actually downloaded and am running Interbank w/a demo account just so i can see exactly what Daemien sees...

also i do see the break in aud/usd, just waiting for a tick to close up and I will be in

adam
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.JPG Size: 195 KB
  • #83
  • Nov 13, 2007 4:42pm Nov 13, 2007 4:42pm
I see chf/jpy and gbp/chf are in the buy zone and noticed an uptick.

Entered long at 98.46 and 2.3343 respectively.

I have good start with this system....over 1000pips. Intend to stick with this trade tiil the end. Lets see what will happen.
  • #84
  • Nov 13, 2007 5:02pm Nov 13, 2007 5:02pm
Quoting arhemsi
I see chf/jpy and gbp/chf are in the buy zone and noticed an uptick.

Entered long at 98.46 and 2.3343 respectively.

I have good start with this system....over 1000pips. Intend to stick with this trade tiil the end. Lets see what will happen.
arhemsi,

i do not see chf/jpy or gbp/chf in the buy zone... are you using interbank? or another broker?? i do see aud/usd just went under the line and entered "the zone" yesterday and has moved up today, looking to enter in one hour unless the bottom falls out
  • #85
  • Nov 13, 2007 6:00pm Nov 13, 2007 6:00pm
im going long aud/usd, attached is the trade i see, it just barely crossed in but it did...

also just checking the atr was at .0134, so would this mean a stop loss of 248 pips (2 ATR)???

THANKS!
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 202 KB
  • #86
  • Nov 13, 2007 7:22pm Nov 13, 2007 7:22pm
Quoting ilcapocamorr
im going long aud/usd, attached is the trade i see, it just barely crossed in but it did...

also just checking the atr was at .0134, so would this mean a stop loss of 248 pips (2 ATR)???

THANKS!

Adam,

I went long on AUD/USD. ATR 128. SL =256. TP I set at 300. Not sure about how to set TP's here. Reduced position by 50% as per post #40.

Keith
  • #87
  • Nov 14, 2007 12:42am Nov 14, 2007 12:42am
Quoting ilcapocamorr
arhemsi,

i do not see chf/jpy or gbp/chf in the buy zone... are you using interbank? or another broker?? i do see aud/usd just went under the line and entered "the zone" yesterday and has moved up today, looking to enter in one hour unless the bottom falls out
Here is the trade;

Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy.gif Size: 23 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 23 KB


I am using FXOpen
  • #88
  • Nov 14, 2007 12:49am Nov 14, 2007 12:49am
I am having problem attaching the second chart on gbp/chf trade.

Why?
  • #89
  • Nov 14, 2007 1:25am Nov 14, 2007 1:25am
Quoting KeithMN
Adam,

I went long on AUD/USD. ATR 128. SL =256. TP I set at 300. Not sure about how to set TP's here. Reduced position by 50% as per post #40.

Keith
Keith thanks for the SL info, also forgot about the reduced position size, I will keep that in mind, as far as tp, i think based on the rules you do not set a tp.. we wait until MFI reaches above the sell line and then a downtick then tp at that point??
  • #90
  • Nov 14, 2007 1:29am Nov 14, 2007 1:29am
Quoting arhemsi
Here is the trade;

Attachment

Attachment

I am using FXOpen
ahh i see different broker different MFI, though it looks as if those trades will turn out good
  • #91
  • Nov 14, 2007 10:00am Nov 14, 2007 10:00am
Quoting coolshades
i stopped out of gbpchf. tomorrow is always another day
Yes - as I said earlier, not a good time to be showcasing this system lol Oh well!! Bigger & better profits are just around the corner...

Quoting ilcapocamorr
cool, thanks for the confirmation...

im going to post all my trades that i think correspond to the rules, just to make sure I am doing what i am suppose to
Feel free to post! This is the reason for the thread - not to act as a journal, but just to make sure everybody understands the game!

D.
  • #92
  • Edited 10:20am Nov 14, 2007 10:04am | Edited 10:20am
Quoting ilcapocamorr
so I see gbp/chf is on an up tick, now forget about that it was a Sunday (let's say it was a Tuesday) would we reenter? Or are do we need to wait until MFI drops below 31 before reenter? Know I know usually we would but I am not sure about the rules when one is stopped out... am I talking in circles???

so basically what happened was gbp/chf was entered and then stopped out... so do we wait again for price to drop below our MFI level before reentering? OR do we wait for an uptick again????

hopes this makes sense
Hi again,

Once a pair becomes active it remains so until it drops it's payload! Even if all 3 positions get stopped out (as has happened lately), treat each up-tick as an addon. Many times you will get back in around the bottom of a trend resumption.

Quoting KeithMN
Daemien,

Thank you for your efforts in this thread to make 4x better for all. I am not an experienced 4x person but I have been observing your strategy Daemien for several days now. I have one question....

Would you consider going short now on EUR/AUD with the observed recent bounce off the 72 line? I spotted a down tick 11/11 as well.

Thank you again !!

Keith
I am with InterbankFX - I do not have the charts in front of me atm, but am pretty sure that the first 'down'tick (entry) for this pair will be tonight!!
EURAUD has been my most profitable & consistent pair for this system (just a FYI).

D.
  • #93
  • Nov 14, 2007 10:06am Nov 14, 2007 10:06am
Quoting KeithMN
Tonight the AUD/USD line appears to be contacting the 33 level. Anyone else see this? Is this of any interest?

EUR/AUS- Are we waiting for a downward day candle?

Having trouble trying to post a chart.

Thanks

Keith
Quoting ilcapocamorr
Keith,

i'm not too exprienced, if I were I would have my own strategy i would be using I am attaching a screen shot of what i see on eur/aud, there is no bounce here (attaching my screen shot).. you may though see a bounce w/a different broker... I actually downloaded and am running Interbank w/a demo account just so i can see exactly what Daemien sees...

also i do see the break in aud/usd, just waiting for a tick to close up and I will be in

adam
Hey guys,

Wasn't a bounce at this time, but the penetration (did I say that?) of the entry line means the gun is cocked & loaded!! Tonight might be the night if the day trend stays true...

D.
  • #94
  • Nov 14, 2007 10:16am Nov 14, 2007 10:16am
Hello,

Looks good guys!! I entered a few positions last night (mostly up-tick resumptions on the ones stopped out).

Also a word on Sunday's candle - I usually do act on Sunday's candle to be honest. Just trying to be a bit more conservative out here in the open..
From past experience it usually pans out as a good indication of the coming week.

One thing that we can all be on the lookout for is peculiarities related to each pair in regards to this system. For example, most pairs when majorly tanking do not generate many buy-ticks on the way down. GBPJPY seems to be an exception to this. Should we be positioning GJ trades at maybe .5%?
Strictly an observational suggestion to generate discussion...

Another option that I have been considering is covering our position(s) at some point. At least moving to B/E once a certain level of ATR profit is reached (1xATR?). This will definitely help to minimize the hits this system took over the last week and a half - altho it may also cut into profits in the long-term. The add-ons on the way back up might help to alleviate this, however... Just some food for thought!!

D.
  • #95
  • Nov 15, 2007 7:44pm Nov 15, 2007 7:44pm
looks like i was stopped out on my EUR/AUD trade today so far -378 pips... though i made about 2 pips in interest so -376 ?

will be waiting on an entry tomorrow
  • #96
  • Nov 18, 2007 6:13pm Nov 18, 2007 6:13pm
I've re-entered a few positions on the latest up-tick.

Also, for anybody who has survived this deluge lately and is still reading, for GBPCHF it has not reached the exit area for over three months. I had been hoping that this last upsurge would have broken this trend, but due to this I have tightened up the exit area a bit. Exit at 73 & no-entry line at 63!

This is normal and the way this system was intended to be traded. Due to natural fluctuations in the market if the trend seems to be showing less entries or exits, tighten up after 2-3 months. This could mean a general market turn-around, or just a down-cycle at the moment (a vicious one at that).

D.
  • #97
  • Nov 18, 2007 6:34pm Nov 18, 2007 6:34pm
Daemien,

To be specific, are you opening up new positions to go long on C/J, G/J, and A/U?

Keith
  • #98
  • Nov 18, 2007 6:39pm Nov 18, 2007 6:39pm
Hi Keith,

Exactly - altho I am currently full on positions for C/J, I did add on to GJ & AU.

Happy pippin!

D.

Quoting KeithMN
Daemien,

To be specific, are you opening up new positions to go long on C/J, G/J, and A/U?

Keith
  • #99
  • Nov 18, 2007 9:53pm Nov 18, 2007 9:53pm
just entered the gbp/chf on the up tick, sl at 330 pips down, hopefully ill make big pips though
  • #100
  • Nov 19, 2007 6:31am Nov 19, 2007 6:31am
Daemien,

I do appreciate you dropping a quick post whenever you place/ modify/ remove orders!! Thank you both

Keith
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