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Trend Follower 5 Minute System

  • #2,501
  • Dec 15, 2008 12:43am Dec 15, 2008 12:43am
Thank you very much for a very understandable response!!!
  • #2,502
  • Dec 15, 2008 12:48am Dec 15, 2008 12:48am
Quoting fxairy

Thank you very much for a very understandable response!!!

Fxairy! No problem just want to help. Tell me, what you wanted to know with question about emotions??
  • #2,503
  • Dec 15, 2008 2:12am Dec 15, 2008 2:12am
Quoting pilatus
Fxairy! No problem just want to help. Tell me, what you wanted to know with question about emotions??
Ok....I mean....
Why people dont actively discussing this strategy? Very few people write here. May be to much ppl can't wait for clean enter?
  • #2,504
  • Dec 15, 2008 2:32am Dec 15, 2008 2:32am
Quoting fxairy
Ok....I mean....
Why people dont actively discussing this strategy? Very few people write here. May be to much ppl can't wait for clean enter?
Well, if you have red older posts you will find two kind of ppl. First one, newbies, which like to change system because they see a nice move but no signal and second one which dont want to change anything, but want to trade this system with EA. Problem is that most of the people dont want to spent time to learn this system or they dont see potential of this system. Everybody are looking for easy system and easy money in short time. I was the same kind as begginer.
  • #2,505
  • Dec 15, 2008 3:49am Dec 15, 2008 3:49am
Quoting pilatus
Well, if you have red older posts you will find two kind of ppl. First one, newbies, which like to change system because they see a nice move but no signal and second one which dont want to change anything, but want to trade this system with EA. Problem is that most of the people dont want to spent time to learn this system or they dont see potential of this system. Everybody are looking for easy system and easy money in short time. I was the same kind as begginer.

Thank you! I understand to you!
And I dont have comment. You are fully right!
Pilatus, do u use Yahoo messenger?

  • #2,506
  • Dec 15, 2008 5:38am Dec 15, 2008 5:38am
Quoting fxairy

Thank you! I understand to you!
And I dont have comment. You are fully right!
Pilatus, do u use Yahoo messenger?

See your PM inbox.
  • #2,507
  • Dec 17, 2008 1:19pm Dec 17, 2008 1:19pm
Little trade I took this afternoon. Plus 40 pips.
Why I took this trade??
1. good signal for short...trend direction
2. Retrace from level 88.15. previous support which become resistance. ( see #2 pic)
Entered on 87.78 exit on DS2.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdjpy1.gif Size: 45 KB
  • #2,508
  • Dec 18, 2008 12:02am Dec 18, 2008 12:02am
yesterday I take 2 trades, one show below profit 16 pips. Exit was too early on Support 1 line. Next was better 40 pips GBP/JPY pair.
Attached Image (click to enlarge)
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  • #2,509
  • Dec 18, 2008 12:12am Dec 18, 2008 12:12am
Yes I see, my PM I must to install this application

Guys, plz mark your setups on the your scrinshoots.
  • #2,510
  • Dec 18, 2008 9:11am Dec 18, 2008 9:11am
below is a trade i miss on gbp/usd coz i have a little problem with my ISP,will like pilatus to comment on the trade setup.i think like pilatus as said earlier price made a bounce off a support turned resistance@ .5354 validate this entry.thanks
Attached Image (click to enlarge)
Click to Enlarge Name: trade setup.gif Size: 29 KB
Let God be true, and every other man be a liar
  • #2,511
  • Dec 18, 2008 11:07am Dec 18, 2008 11:07am
Quoting lkdolzfx
below is a trade i miss on gbp/usd coz i have a little problem with my ISP,will like pilatus to comment on the trade setup.i think like pilatus as said earlier price made a bounce off a support turned resistance@ .5354 validate this entry.thanksAttachment
Well, everything looks good, signal is valid, retrace from level 1,5366 which was monday high of the day, seems like good and significant level, but stop loss is more than 200 pips if you follow the rules. So, we have two options, enter with very small leverage or pass the trade. Better to pass the trade, is my opinion.
  • #2,512
  • Dec 19, 2008 9:30am Dec 19, 2008 9:30am
Quoting pilatus
Well, everything looks good, signal is valid, retrace from level 1,5366 which was monday high of the day, seems like good and significant level, but stop loss is more than 200 pips if you follow the rules. So, we have two options, enter with very small leverage or pass the trade. Better to pass the trade, is my opinion.
Great comment,i think the best tools for this amazing system is PATIENCE. We all need to wait for the perfect trade set-up and when this happen it will always compensate for our free days with lots of green pips.
Let God be true, and every other man be a liar
  • #2,513
  • Edited Dec 21, 2008 2:46am Dec 20, 2008 9:12am | Edited Dec 21, 2008 2:46am
This is question for TheWicker!!!
Last few months we testify that price behaviour is extremly volatily. Such as moving in one direction with more percentage than it was moving in past. Today we testify that price on EUR/USD can easily move 300-400 or more pips in a few hour. I guess that is because of low volume or small number of trading participant. But that doesnt matter, what matter is that because of that price behaviour we can not trade as we use to and follow the rules. In other words, we have the same set ups but stop loss is far more bigger than 20-25 pips we had before. Candles looks the same but they have more pips in it, so guppy look the same and everything looks similar, but as I said, stop loss is bigger.
According to that, did you experience similar market conditions before?
We had this week few nice and perfect set up but I was afraid to enter because of big stop loss. Ok I know, we can always enter with small leverage or with less lots but just want to hear your opinion Wicker?
If we wait for price to settle down we would not have opportunity for trading.
  • #2,514
  • Dec 21, 2008 8:57am Dec 21, 2008 8:57am
Hello everyone!

I'm new to this system - I've started to check it this week. I've fond one signal. Is it valid? And are you guys trating with this system in current market conditions? I'm wondering how is the ratio of false to good singnals latley? Is there a high probability that if all conditions od system are made trade will be successful?
Attached Image (click to enlarge)
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  • #2,515
  • Dec 21, 2008 9:16am Dec 21, 2008 9:16am
Quoting bigmatt
Hello everyone!

I'm new to this system - I've started to check it this week. I've fond one signal. Is it valid? And are you guys trating with this system in current market conditions? I'm wondering how is the ratio of false to good singnals latley? Is there a high probability that if all conditions od system are made trade will be successful?
Signal is valid but question is if it is worth to enter a trade. AS you can see guppy MMA are vide expaned which means that large move is behind you and that you can NOT expect that price will continue further short. Read the forum and you will learn what kind of signal you should look for.
  • #2,516
  • Dec 22, 2008 2:18am Dec 22, 2008 2:18am
HUD pbz???
  • #2,517
  • Dec 22, 2008 11:01pm Dec 22, 2008 11:01pm
to bigmatt

like you see there is resistance line. what I am doing, if we got signal above resistance line like shown on your chart just 20 pips or less I pass trade, because on resistance line chart may change direction. If chart will be below resistance line and we will get valid signal I will take trade.
  • #2,518
  • Dec 23, 2008 2:49am Dec 23, 2008 2:49am
Thanks guys! I've read more about the system on this thread and I'm doing better in understanding signals. Started to practice (on demo) it and it really looks promising even in current unstable market conditions. I'm starting to have faith in this system although I dont know if faith is a good thing in forex...
  • #2,519
  • Dec 23, 2008 5:21am Dec 23, 2008 5:21am
Quoting bigmatt
Hello everyone!

I'm new to this system - I've started to check it this week. I've fond one signal. Is it valid? And are you guys trating with this system in current market conditions? I'm wondering how is the ratio of false to good singnals latley? Is there a high probability that if all conditions od system are made trade will be successful?

The signal meet all the criteria for a short position,but price is not steady if u check the candles wick,trade signal when price is relatively steady,there is high probability when you do so.we dont know what price will do,but the more the odds are in our favour the better.
Let God be true, and every other man be a liar
  • #2,520
  • Dec 23, 2008 10:40am Dec 23, 2008 10:40am
Here are possible trades that I am expecting. If price break resistance or support and retrace from it and than we get signal (see blue arrow) I will enter a trade.
That is good example why sometimes is hard to recognize if guppy are expanded or not. SO it is better to look for some good support or resistnace level from which price will bounce. For example, if this scenario play role in future and price make nice move after retrace, guppy will look contracted on place where signal occur although they wil not look at the moment when signal will take place.
Attached Image (click to enlarge)
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