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Trend Follower 5 Minute System

  • #2,361
  • Nov 4, 2008 9:54am Nov 4, 2008 9:54am
Just made some pips on E/Y with this system. It is awesome!
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  • #2,362
  • Nov 4, 2008 10:34am Nov 4, 2008 10:34am
Quoting valius
Just made some pips on E/Y with this system. It is awesome!

My trade is still open on E/J...
Over +530€ gain with only 0.25 lot. Amazing.

Keep trading...
  • #2,363
  • Nov 4, 2008 11:37am Nov 4, 2008 11:37am
Perfect close at +550€.
  • #2,364
  • Nov 4, 2008 11:58am Nov 4, 2008 11:58am
Quoting Retal1ator
Perfect close at +550€.
Cool

But i still think that the best exit are pivot lines, and these type of trades are rare.
  • #2,365
  • Nov 4, 2008 12:02pm Nov 4, 2008 12:02pm
hi
can anyone direct me to the lastest EA of this system , it looks like there are many .
thanks
  • #2,366
  • Nov 4, 2008 12:55pm Nov 4, 2008 12:55pm
Quoting Retal1ator
Perfect close at +550€.

Retal1ator
how can I write to you ?
  • #2,367
  • Nov 4, 2008 1:09pm Nov 4, 2008 1:09pm
Quoting Annarita01
Retal1ator
how can I write to you ?
If you have MSN Messenger, mine account is [email protected]
So if you have it add me cos I prefer chat in this way.
By the way, my Email adress is [email protected]

Cya
  • #2,368
  • Nov 4, 2008 1:19pm Nov 4, 2008 1:19pm
Quoting valius
Cool

But i still think that the best exit are pivot lines, and these type of trades are rare.

Yes mate, I've extited near R2 pivot lines when I felt the trend was changing.
I know, it's difficult, but the best way to close position is monitoring the price every time till you see the trend is gonna go in the opposite way!
  • #2,369
  • Nov 4, 2008 1:30pm Nov 4, 2008 1:30pm
Quoting Retal1ator
Yes mate, I've extited near R2 pivot lines when I felt the trend was changing.
I know, it's difficult, but the best way to close position is monitoring the price every time till you see the trend is gonna go in the opposite way!
Interesting. I have downloaded the system from TheWicker's website. Do you know how does Resistance2 pivot line 128.47 calculated(you can find it on the my last post with attachment)? I've looked at actionforex website for daily pivots and didn't found that daily 128.47 pivot.


I thought that i exited on pivot R2, but it appears that i didn't.


Thank You.
  • #2,370
  • Nov 4, 2008 1:42pm Nov 4, 2008 1:42pm
Never mind. I found it. It is fibonacci pivots.

Do you use them or trade only standard Daily pivots?
  • #2,371
  • Nov 4, 2008 4:27pm Nov 4, 2008 4:27pm
Quoting valius
Never mind. I found it. It is fibonacci pivots.

Do you use them or trade only standard Daily pivots?
I trade with them much more that with others pivot points...

R1 - If price touch R1 we know it will return back so we go SHORT.
R2 - means that the trend is strong and the price will go still LONG.
R3 - means that the trend can return back so it will be SHORT.

and vice versa for the short option S1, S2 and S3.
  • #2,372
  • Nov 4, 2008 4:39pm Nov 4, 2008 4:39pm
Quoting Retal1ator
I trade with them much more that with others pivot points...

R1 - If price touch R1 we know it will return back so we go SHORT.
R2 - means that the trend is strong and the price will go still LONG.
R3 - means that the trend can return back so it will be SHORT.

and vice versa for the short option S1, S2 and S3.
I've exited near Fibonacci R2 instead of waiting for trend continuation. I am not used to trade with pivot points..

Thank you for that info.
  • #2,373
  • Nov 4, 2008 5:11pm Nov 4, 2008 5:11pm
Quoting Retal1ator
I trade with them much more that with others pivot points...

R1 - If price touch R1 we know it will return back so we go SHORT.
R2 - means that the trend is strong and the price will go still LONG.
R3 - means that the trend can return back so it will be SHORT.

and vice versa for the short option S1, S2 and S3.
Retal can you be more specific please and give us some example of how you trade with analyzing price action according to mentioned levels. Does that mean that you go short in long trend on R1 or I misunderstood something? Does this levels helps you to enter, trail or exit trade the most times??
  • #2,374
  • Nov 4, 2008 5:25pm Nov 4, 2008 5:25pm
Quoting pilatus
Retal can you be more specific please and give us some example of how you trade with analyzing price action according to mentioned levels. Does that mean that you go short in long trend on R1 or I misunderstood something? Does this levels helps you to enter, trail or exit trade the most times??
Those pivot points are useful to track a strong trend. Examples:

1- I open a LONG position on a chart. Price is bellow R2 but it rise to R2 point and cross it. If the price crosses it, we can say that the trend is strong and it's reccomended to stay LONG.
BTW you can use it also for:
2- I open a trade LONG on a chart. Price rise up to R1 point. Now, we have a greather probability that touching R1 point price will return back and fall down. So I close my position and i take my profit.

Those pivot points can be used also for the second example, but it's more used for the first example. I use the strategy of the second example only if there are something else that make me think that the price is going against my trade.
S1, S2 and S3 it's like R1,R2 and R3 level, but for the short.

Last note: S3 and R3 levels are like R1 and S1 level. If the price crosses it maybe there will be a reverse trend.
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  • #2,375
  • Edited 2:27am Nov 5, 2008 12:25am | Edited 2:27am
Very interesting System.

Thanks.

Bruce
  • #2,376
  • Nov 5, 2008 2:30am Nov 5, 2008 2:30am
Quoting valius
Just made some pips on E/Y with this system. It is awesome!
Hi, the rainbow has 80 pips wide but still a profitable trade...
actually you will take all signals no matter the rainbow is contracted or not?
  • #2,377
  • Nov 5, 2008 3:57am Nov 5, 2008 3:57am
Quoting Retal1ator
Those pivot points are useful to track a strong trend. Examples:

1- I open a LONG position on a chart. Price is bellow R2 but it rise to R2 point and cross it. If the price crosses it, we can say that the trend is strong and it's reccomended to stay LONG.
BTW you can use it also for:
2- I open a trade LONG on a chart. Price rise up to R1 point. Now, we have a greather probability that touching R1 point price will return back and fall down. So I close my position and i take my profit.

Those pivot points can be used also for the second example, but it's more used for the first example. I use the strategy of the second example only if there are something else that make me think...
I am a bit confused now, because you haven't told us exactly what type of pivots you are using - fibonacci pivots or standard pivots?
  • #2,378
  • Nov 5, 2008 4:01am Nov 5, 2008 4:01am
Quoting hongkonger
Hi, the rainbow has 80 pips wide but still a profitable trade...
actually you will take all signals no matter the rainbow is contracted or not?
"GUPPY MMA: The green lines must be above the red lines! Green, Red and Yellow lines must agree and head north. All the lines must be going in the same direction!"

I just have used this rule. The green lines were above the red lines. Then i looked to the larger time frame charts and saw that the trend was upwards. That's it.
  • #2,379
  • Nov 5, 2008 4:05am Nov 5, 2008 4:05am
Quoting hongkonger
Hi, the rainbow has 80 pips wide but still a profitable trade...
actually you will take all signals no matter the rainbow is contracted or not?
Hongkonger sorry but must tell you that you are again making rules that have nothing with TheWicker rules. Who told you how many pips guppy must be contracted, where did you read that guppy must not be wider that 80 pips or stuff like that???
If you are making your own rules to help you judge better that is ok but do not input you rules in forum and confuse other newbies here who will read your posts.
Again, nobody tell you that you can not enter on trade where guppy are expanded if you get valid signal, but you have better PROBABILITIES if you enter earlier.
P.S. In your post 2295 you said" the rainbow is not compressed, I think I will only take the rainbow width <= 60 pips.." and now your thinking become a rule which other will read and if they are unexpirienced maybe accept. I dont know about you but I red this WHOLE thread 3 times. Seems that you did not read even first post.
  • #2,380
  • Nov 5, 2008 4:14am Nov 5, 2008 4:14am
Quoting Retal1ator
Those pivot points are useful to track a strong trend. Examples:

1- I open a LONG position on a chart. Price is bellow R2 but it rise to R2 point and cross it. If the price crosses it, we can say that the trend is strong and it's reccomended to stay LONG.
BTW you can use it also for:
2- I open a trade LONG on a chart. Price rise up to R1 point. Now, we have a greather probability that touching R1 point price will return back and fall down. So I close my position and i take my profit.

Those pivot points can be used also for the second example, but it's more used for the first example. I use the strategy of the second example only if there are something else that make me think that...
Thanks for your explanation, very interesting approach. DO you have some pdf or some site name from where I can learn a little bit more about fib pivots?
Thanks Grazie!
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