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Trend Follower 5 Minute System

  • #2,381
  • Nov 5, 2008 4:18am Nov 5, 2008 4:18am
ciao retal1ator
u seem to understand this system . could you please tell me what for are the ema 34?
are you having succes with this method ?
grazie
  • #2,382
  • Nov 5, 2008 7:08am Nov 5, 2008 7:08am
Hi to all!

@ Pilatus:
I do not use fibonacci pivots, I prefer to use only standard pivot points.

@ imad:
i use EMA34 lines only for identify stoploss point. I always put my stop loss level, for example if a open a LONG position, bellow the most recent value of EMA34 LOW by 5 pips.

Good morning to everyone (but here it's time to lunch!)
  • #2,383
  • Nov 5, 2008 7:19am Nov 5, 2008 7:19am
Quoting Retal1ator
Hi to all!

@ Pilatus:
I do not use fibonacci pivots, I prefer to use only standard pivot points.
So what does post#: 2371 supposed to mean? I thought you are using fibonacci pivots, because you said earlier that you exited EUR/JPY on R2(which was standard pivot) and then at post#: 2371 you said that you do not exit longs on R2 pivot(which i thought you are talking about fibonacci).

That is why i was confused, and you do not said clearly that you are talking about standard pivots.
  • #2,384
  • Edited 8:02am Nov 5, 2008 7:50am | Edited 8:02am
Now I wanna say something to all the traders or newbie that are going to use this method.
To give you a general answer to everthing about trades I'm going to explain you something that I've never seen written anywere.
Exits about this system are very difficult to make in the right way because you need to monitoring the trend in every moment.
I advise you to:
- Be very critic about your signal. If all the conditions are not met in the range of two candle or aren't clear, give up.
- If lines of GUMMY are too much compressed and you cannot see clearly that the green lines are above/bellow red lines, give up.
- Study the swings of the trend. The price usually have a trend but it retreat a bit everytime, then it restart to going on the trend's way. If the price's retreat is strong and show you a real trend change, give up.
- Check news of the day: too much and too much strong news can kill you.
- Always close position at different point, you can take your first profit at pivot point or when you have been feared (but this should not happen...) by trend pullback. Then let run the other half to have much more possibility to surf all the trend.
- Take care when markets open or close time.
- At the end, if you are an experienced and no-emotional trader you will find the way to have great results with this system.
Hope you enjoyed.
Hi
  • #2,385
  • Nov 5, 2008 8:07am Nov 5, 2008 8:07am
Opened two trade on GPB/USD and USD/CAD at 15.00 here in Italy. Profit are coming...
  • #2,386
  • Edited 10:41am Nov 5, 2008 9:39am | Edited 10:41am
Two trade gone in SL on USDCAD e USDJPY due to high volatility.
One succsessful trade on GBPUSD with a perfect pivot poit close at 1.6175 (at the moment). I've closed the position here because there was a news release against GBP, but maybe the price will still rise.

Realized P/L today = +460€
Realized P/L in 4 days (since I opened my last demo account with 5000€) = +1.235€
  • #2,387
  • Nov 5, 2008 12:02pm Nov 5, 2008 12:02pm
Quoting Retal1ator
Now I wanna say something to all the traders or newbie that are going to use this method.
To give you a general answer to everthing about trades I'm going to explain you something that I've never seen written anywere.
Exits about this system are very difficult to make in the right way because you need to monitoring the trend in every moment.
I advise you to:
- Be very critic about your signal. If all the conditions are not met in the range of two candle or aren't clear, give up.
- If lines of GUMMY are too much compressed and you cannot see clearly that the green lines are above/bellow red lines, give up.
- Study the swings of the trend. The price usually have a trend but it retreat a bit everytime,...
Hi Retal1ator and all
Thanks for your useful advices. Tonight, there was my first entry with this sysytem but soon failed. Guppy MMA were so compressed but not clear. I know holy grail is not there. I'll try again when all conditions are met more strictly!
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 153 KB
everything goes by nature, don't think difficult.
  • #2,388
  • Nov 5, 2008 1:08pm Nov 5, 2008 1:08pm
yes , all conditions were met ,,, but the pair already moved about 80 pips before the signal occurred , so the probability to go lower is so weak ,

just look for signals which come after steady price movement in tight range .
  • #2,389
  • Nov 5, 2008 2:05pm Nov 5, 2008 2:05pm
I open 4 positions today and all of them is about at 19:00 on GMT+2. And all of them hit the SL.I know this system isn't holy grail but i want to ask that, did i do something wrong,are they invalid signal or what ?

Note: I draw vertical lines when the signal arrow appear and the other candle.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 24 KB
Click to Enlarge Name: eurusd2.gif Size: 23 KB
Click to Enlarge Name: usdchf.gif Size: 23 KB
Click to Enlarge Name: audusd2.gif Size: 24 KB
  • #2,390
  • Nov 5, 2008 2:44pm Nov 5, 2008 2:44pm
Quoting Retal1ator
Two trade gone in SL on USDCAD e USDJPY due to high volatility.
One succsessful trade on GBPUSD with a perfect pivot poit close at 1.6175 (at the moment). I've closed the position here because there was a news release against GBP, but maybe the price will still rise.

Realized P/L today = +460€
Realized P/L in 4 days (since I opened my last demo account with 5000€) = +1.235€
bravo retail1 i am italian but my english is a little rusty.the system is ok congratulation. I studied the system and and put him tomorrow in practice.
good night
  • #2,391
  • Nov 5, 2008 3:54pm Nov 5, 2008 3:54pm
Quoting nicotine
I open 4 positions today and all of them is about at 19:00 on GMT+2. And all of them hit the SL.I know this system isn't holy grail but i want to ask that, did i do something wrong,are they invalid signal or what ?

Note: I draw vertical lines when the signal arrow appear and the other candle.
I think that the system failed because of sharp decline against the trend. My first position on EUR/USD(according to your thumbnails) was closed. The second position on EUR/USD still holding with SL on 1.29. I've chosen wide SL, because the first one was easily hitted.
  • #2,392
  • Nov 6, 2008 12:58am Nov 6, 2008 12:58am
good morning traders
  • #2,393
  • Nov 6, 2008 8:21am Nov 6, 2008 8:21am
good morining traders.
position opened NOW on EURJPY @ 125.26
  • #2,394
  • Nov 6, 2008 8:34am Nov 6, 2008 8:34am
oh, no... what happend? trade lost due to improvvise trend change.
lagged news?
  • #2,395
  • Nov 6, 2008 8:37am Nov 6, 2008 8:37am
Looks like yeah..

Quoting Retal1ator
oh, no... what happend? trade lost due to improvvise trend change.
lagged news?
  • #2,396
  • Nov 6, 2008 10:27am Nov 6, 2008 10:27am
Go long on USDCHF all condition met!
  • #2,397
  • Nov 6, 2008 10:44am Nov 6, 2008 10:44am
Quoting aje6767
Go long on USDCHF all condition met!
trade took!
  • #2,398
  • Nov 6, 2008 1:27pm Nov 6, 2008 1:27pm
Been using the EA alert, it very often gives a go when it isn't & no alert when it is. Any one had the same ?
  • #2,399
  • Nov 6, 2008 2:00pm Nov 6, 2008 2:00pm
Quoting valius
I think that the system failed because of sharp decline against the trend. My first position on EUR/USD(according to your thumbnails) was closed. The second position on EUR/USD still holding with SL on 1.29. I've chosen wide SL, because the first one was easily hitted.
First of all thanks for your reply.I want to ask some questions.
1) You said that "sharp decline against the trend". But the trend was going north and we go long (for 5min timeframe). So question is that how can we decide trend is going south or north ( For example at the H1 timeframe , if the guppy MMAs are in the right order and are they going north can we say trend is going south? but this can be different when we look W1 timeframe ? )

2) And other problem is about Fibonacci Pivots and Pivot Points Multitimeframe indicators. What is the difference among these two indicators? When we use Fibonnaci Pivots,when we use Pivot Points Mutitimeframe?

Sorry for my english.Thanks a lot.
  • #2,400
  • Nov 6, 2008 4:25pm Nov 6, 2008 4:25pm
Not so great today.
Realized P/L: -260€

One trade in SL
One trade missed (my fault...)
One trade closed @ +40€
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