Trend Follower 5 Minute System | Page 71 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 HD system (trend follower) 3 replies

Journal for Trend Follower 5 Minute System 9 replies

Trend Follower System Programming 4 replies

A good EA trend follower? 2 replies

trend follower system templates and indicators an issue 5 replies

Attachments: Trend Follower 5 Minute System
Exit Attachments

Trend Follower 5 Minute System

  • #1,401
  • Feb 16, 2008 5:04am Feb 16, 2008 5:04am
"I took a short trade at the vertical line and was hit by SL. I would like to find out whether my trade is a valid or not? If not, why? Thanks"



You will see that MACD is not in agreement for a short. Hope this helps.

Pardy
  • #1,402
  • Feb 16, 2008 6:03am Feb 16, 2008 6:03am
Thanks for sharing ur trading system Urban. I also believe in not trying to predict the future but go with the trend.

I'll add this to what i know presently.

U'r blessed bro for this.

Regards

Tolu
  • #1,403
  • Feb 16, 2008 7:11am Feb 16, 2008 7:11am
"I took a short trade at the vertical line and was hit by SL. I would like to find out whether my trade is a valid or not? If not, why? Thanks"

Hello Joschia,

I'm new to this trading system. I have back tested and found that it is not the best to place trades in between the votality channels, they tend to act as support and resistance levels.

If you really look at the chart you'll notice the trend was ranging moving up and down the votality channel. Your trade seems to be late as you can see. To place trade in this kind of senario you have to act fast with the signal indicator.Take a few pips 7-10pips and get out. Besides you were close to a pivot point S2.

I thinks it is always safer to wait for two to three candles to close below or above the channels before placing your trade. That way you get to confirm the price movement. if going up, look for candles with higher highs and higher lows, going down look for candles with lower lows and lower highs. If you do this you'll c all your indicators will agree with each other. Most especially MACD. Importantly, make sure the rule of engagement is intact before you place ur trade.

Happy trading

Tolu
  • #1,404
  • Feb 16, 2008 9:45am Feb 16, 2008 9:45am
Quoting joschia
I took a short trade at the vertical line and was hit by SL. I would like to find out whether my trade is a valid or not? If not, why? Thanks
There are 3 possible reasons: It could b bcause

1. The market was almost winding up on a friday.

2. Your trade was against d 1-hr uptrend. Don't take trades against d
trend. D trend should b ur friend. Some setups against d main trend might get profitable but this happens once in a while. The trend's friendship stays 4 a long time.

3. This system isn't holy grail. There are some failed trade that can't b explained. U just accept them. Your nxt trade will b profitable as u follow d rules.
  • #1,405
  • Feb 17, 2008 2:57am Feb 17, 2008 2:57am
Quoting timex83
There are 3 possible reasons: It could b bcause

1. The market was almost winding up on a friday.

2. Your trade was against d 1-hr uptrend. Don't take trades against d
trend. D trend should b ur friend. Some setups against d main trend might get profitable but this happens once in a while. The trend's friendship stays 4 a long time.

3. This system isn't holy grail. There are some failed trade that can't b explained. U just accept them. Your nxt trade will b profitable as u follow d rules.
Thanks for the learning points above..
  • #1,406
  • Feb 17, 2008 7:58am Feb 17, 2008 7:58am
hello WilteredFire,

i've been trying to locate 'Follow the trend down the yellow brick road' on paltalk but i cant find it.please advice.

regards

Tolu
  • #1,407
  • Feb 17, 2008 3:46pm Feb 17, 2008 3:46pm
hey buddy,

i have to keep my PC switched on to keep the room open, its only open from monday to friday between the hours of 8.30am GMT till about 12am Midnight GMT each day...

Private message me you're paltalk username and I will add you onto my pal list, each time you're online when I open the room I will send you an invite. Hope to see you there on monday morning for some trading.
  • #1,408
  • Feb 18, 2008 3:42am Feb 18, 2008 3:42am
Hi,

I need some advise on a trade which i took today. I enter a trade at the vertical line and was hit buy SL. Would you guys enter this trade too? Is my SL too tight? Thanks

http://i8.photobucket.com/albums/a36...a/UJ1Trade.jpg
  • #1,409
  • Feb 18, 2008 7:32am Feb 18, 2008 7:32am
Joscia: Im just a newbie to forex, but by looking at those candlesticks, they dont look very good to me, looks like maybe it was ranging, I cant seem to see a clear trend on that chart you posted? personally I would avoid trades where the market direction is undecided (small candles with long wicks i think?) please somebody correct me if i'm wrong on this one!

Heres a lovely signal we got in the room today on the EurChf to go long, was really nice, I took a little trade on the UsdJpy to make some pips, ended up missing out on this great trade instead lol...
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf_long.gif Size: 21 KB
  • #1,410
  • Feb 18, 2008 12:29pm Feb 18, 2008 12:29pm
2day wasn't so kool for eur/usd. too many mixed up signals. Did anyone make d best out of it with eur/usd?

Tolu
  • #1,411
  • Feb 19, 2008 5:07am Feb 19, 2008 5:07am
Trend Follower with the hybrid systems been serving me well with nice setups and great trade entry points/confirmations last 2 days, we had a nice trade today on the GbpChf....

You could hear this beauty falling like a brick from a distance, was shorting very well today. I've attached my chart below, please dont be confused, signal was before the london open (the best time to trade is around london open and just after) at the time the Trend Follower gave the signal, i know that macd was just a little above the 0 line, So i would not have entered here, I have marked the black vertical line to show you where the signal would have been, but I didn't enter the market until later. If i entered early i would have waited for it to break below the pivot, and then, i wouldn't be brave enough to enter above the pivot. Let it break it and then make you're moves...

After it went through the support1 level, i entered shortly after that, took 60+pips until it was near support level 2 i think. Thanks wicker, for the great system, was a perfect trade for me. There really is a pot of gold at the end of this particular rainbow. Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_short.gif Size: 19 KB
  • #1,412
  • Feb 19, 2008 6:33am Feb 19, 2008 6:33am
Quoting WilteredFire
Joscia: Im just a newbie to forex, but by looking at those candlesticks, they dont look very good to me, looks like maybe it was ranging, I cant seem to see a clear trend on that chart you posted? personally I would avoid trades where the market direction is undecided (small candles with long wicks i think?) please somebody correct me if i'm wrong on this one!

Heres a lovely signal we got in the room today on the EurChf to go long, was really nice, I took a little trade on the UsdJpy to make some pips, ended up missing out on this great trade instead lol...
Thanks for your comments. Hope to learn more stuff from you guys...
  • #1,413
  • Feb 19, 2008 11:25pm Feb 19, 2008 11:25pm
Quoting WilteredFire
Trend Follower with the hybrid systems been serving me well with nice setups and great trade entry points/confirmations last 2 days, we had a nice trade today on the GbpChf....

You could hear this beauty falling like a brick from a distance, was shorting very well today. I've attached my chart below, please dont be confused, signal was before the london open (the best time to trade is around london open and just after) at the time the Trend Follower gave the signal, i know that macd was just a little above the 0 line, So i would not have entered here, I have marked the black vertical line to show you where the signal would have been, but I didn't enter the market until later. If i entered early i would have waited for it to break below the pivot, and then, i wouldn't be brave enough to enter above the pivot. Let it break it and then make you're moves...

After it went through the support1 level, i entered shortly after that, took 60+pips until it was near support level 2 i think. Thanks wicker, for the great system, was a perfect trade for me. There really is a pot of gold at the end of this particular rainbow. Cheers

Hello,

How can i get the traders dynamic index indicator?

Please advice

Regards
Tolu
  • #1,414
  • Feb 20, 2008 1:00pm Feb 20, 2008 1:00pm
Quoting ulotoyebtaa
Hello,

How can i get the traders dynamic index indicator?

Please advice

Regards
Tolu
Hi there Tolu,

Here's the indicator you wanted my friend!
Attached File(s)
File Type: mq4 Traders_Dynamic_Index.mq4   9 KB | 1,168 downloads
  • #1,415
  • Feb 20, 2008 7:38pm Feb 20, 2008 7:38pm
Quoting thunderwolf
Hi there Tolu,

Here's the indicator you wanted my friend!
Thanks Alot! i appreciate

Tolu
  • #1,416
  • Feb 24, 2008 5:06am Feb 24, 2008 5:06am
Does anyone have the advanced synergy indicators?

Tolu
  • #1,417
  • Feb 24, 2008 11:24am Feb 24, 2008 11:24am
Am on my way to look up i too would like to stop staying on the system looking for one clear opportunity or the other,
hope this can give me time to attend to other important things.
thanks for the job
  • #1,418
  • Feb 26, 2008 5:24am Feb 26, 2008 5:24am
Hi there,

Been a follower of wicker system and need help on today decision made by the system and how do I reward from it?

EURUSD M5 3amEST
Moving averages says long
MACD says long
but Laguerre and Guppy says FLAT.
Would totally appreciate how is my approach should be?
Normally I ignore the Laguerre and guppy or shouldn't I? I meant the signal comes after the 1st candle shoots above the black line then prompt me the crossover. I meant abit slow right?

Same goes for USDCHF and GBPUSD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd m5.gif Size: 21 KB
Click to Enlarge Name: gbpusd m5.gif Size: 21 KB
Click to Enlarge Name: usdchf m5.gif Size: 19 KB
Forex Price Action Hacked - Price Action Rockstar
  • #1,419
  • Feb 26, 2008 7:09am Feb 26, 2008 7:09am
Quoting david_akc
Hi there,

Been a follower of wicker system and need help on today decision made by the system and how do I reward from it?

EURUSD M5 3amEST
Moving averages says long
MACD says long
but Laguerre and Guppy says FLAT.
Would totally appreciate how is my approach should be?
Normally I ignore the Laguerre and guppy or shouldn't I? I meant the signal comes after the 1st candle shoots above the black line then prompt me the crossover. I meant abit slow right?

Same goes for USDCHF and GBPUSD
Well I think you should read the rules once more. GUPPY is the most important indicator of this system. So is laguerre.
  • #1,420
  • Feb 27, 2008 2:09pm Feb 27, 2008 2:09pm
A little question... To everyone using Trend Follower method.

How many trades you catch a week? A month? How many pips?

Last trade I catched was last thursday and I traded gold.
2 traders viewing now