PowerTrading/The River

Power Trader have been learning your system. Feel lost without your posts. Where do you post now? Its as if you dropped off the face of the earth. I like the system you have created and would like to fully learn it, if that is possible. Hope to here from you. [email protected]

Hello PowerTrader,
With the River method how do we spot or recognize that a reversal is coming? System looks very good. With recognition of reversals we can get ready for more.
Thanks,
Paul

This has to be revied some how....

I am back to post in again. I have become a Fund Manager and member of the NFA so there will be some restrictions with what I post and lots of disclaimers but I get so much help from the forum I feel like I have to give something back.

PT

Look for new posts beginning today. I have made some great improvements to the Zone Breakout and look forward to sharing. These improvements have come especially in the Take Profit area.

wow! one of the first method i was using in trading fx. welcome back!

Glad to hear! I will make some posts as soon as we get a Zone Breakout. Been pretty choppy today.

PT

Hey Bill,

Welcome back! Glad to see your still trading.

Thanks for the welcome back. I hope you are doing well. I was put into temporary retirement from posting do to conflict with NFA guidelines but have now worked them out. I am trading full time and I will be posting again soon here. I had hoped to get started but have just been too busy.

Take care,
Bill

wow, back from the dead. Been following this for a loong time...

i think its back to the dead

Maybe not totally dead! LOL

This needs to revive once again

I agree

hi there traders - the template download - is it for metatrader - i dont seem to be able to get it if it is. can someone enlighten me

sorry for sounding stupid

regards

Attaching the "river 15 myc" template to MT4 works fine here....

Hi all, I'm not sure if this thread is totally dead... or maybe this trading method is not suitable for the current market now?

Anyway, I'm introduced to this system not long ago, did some backtesting and forward test it. The results are very nice. Hence, I think we should start posting charts back on this thread and share opinions.

And If PowerTrader is out there, do please guide us (:

21 Jan 2009 GBPUSD,

Lets start with yesterday trade.

Note : the original template of river trade is still used, with a little color tweaking and adding of 2MA for observation purposes (:

SMA 84 (Olive)
LWMA 50 (Black)
LWMA 5 (Orange)
LWMA 20 (Light Blue)

*LWMA 5 crossing LWMA 20 and LWMA 50 seem to be a confirmation of a SHORT by crossing from above, and otherwise.

I took a trade yesterday at 0830 (1.3911) when a bearish candle cross LWMA 50 and went into the riverbank. Hence, didn't wait for a zone breakout. SL placed at the other end of river.

Constantly moving stop loss, but taken out at 1.3753 with 158pips

Well, I'm not really sure but from my observations, the way I see SMA 84 is as a ranging indicator. When SMA 84 is in the river, flirting in between the river, usually the market is ranging (big or small) here are some examples :

1. The first picture (9JUNE2006). Yes, there is a break out at 1430 with a long Bearish candle. But I wouldn't go into the trade as soon as it breaks(to avoid spikes). Hence, I might SHORT at 1445 opening. Putting in mind that it is a ranging day, i might put tighter SL, or maybe even exited at the touch of Fibo.

2. The second picture (9JAN2009). A big ranging day. With closer look, you might catch around 100+pips on this day although ranging.

Ranging day in my very humble opinion should be look as a 'holiday' for trader (: or at least, declare it a NO GREEDY DAY.

*this is from my own observations. Not sure right or wrong. Maybe you guys can share some opinions.

Now, here's a classic trade based on 'The River' by PowerTrader (you're the best!)

So many good confirmations to this trade on 19Jan2009.

Bearish Candle cross LWMA50 ....................... check
Candle opening below Fibo level ........................ check
Zone breakout .............................................. check
LWMA 5 crosses LWMA 20 & 50 ........................ check

A SHORT trade, which then went into riverwild when exited the riverbanks.
I made 400+ pips that day on my demo account. First exit when i adjusted my SL a little too tight and taken out at 1015. The second trade I just let it Flow all the way (:

For those who held the position over night.... it would be a 1000 PIPS profit!

I have to admit, I'm haven't get into reversal trade based on the Fibo level. I still need more time to backtest it. If you guys look back at PowerTrader charts, his reversal trades are very good example.

If any reversal expert out there could give me a little hand here (:

BTW, i had the BoilingerBand indicator (Period20, Deviation3) in my charts. I know price will usually bounce back when it touches the BB(BoilingerBand). As we're trading breakouts here, I seem to take BB out of considerations when entering trades.

Any ideas?