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Trend Follower 5 Minute System

  • #2,661
  • Feb 9, 2009 6:09pm Feb 9, 2009 6:09pm
Quoting Will_Trade
This is an example of a valid signal not taken. Too close to the support line with poor risk/reward ratio
Another good example ..... i just get messed up when compairing the 1-hr chart to 5-min. chart .... i also follow other currencies at the same time for buying/selling pressure ... and which one is near pivot or support lines .... trade one that has least resistance ............... buffalopip...
  • #2,662
  • Feb 9, 2009 6:11pm Feb 9, 2009 6:11pm
Wow! I am not smart enough to understand this.
TRO
  • #2,663
  • Feb 10, 2009 3:52am Feb 10, 2009 3:52am
Quoting pilatus
I do not trade any session except London and New York. This is by the rules. Next I enter a trade around London open only if I see good rebound from some significant level. Other set up I do not trade ,rather wait for some
large volume to occur and then enter on another signal. If price do not make large volume and go in one direction I wait for another set up. Patience, patience, patience.
Hi Pilatus,

Thanks for your good sharing. Could you give us more idea about the "Make large volume" . Do you mean the transaction volume or the price movement ?
  • #2,664
  • Feb 10, 2009 5:30am Feb 10, 2009 5:30am
Quoting alam203
Hi Pilatus,

Thanks for your good sharing. Could you give us more idea about the "Make large volume" . Do you mean the transaction volume or the price movement ?
I have started to follow this thread too.
http://www.forexfactory.com/showthread.php?t=136907
It is very useful for trading. IT can help you to trade what ever system you have, because it base is to determine support and resistnace levels by volume. So, my intention was to find out why some signals occur before some nice movement and some of them do not. At least I discover that signals from trend follower most of the time but not all the time shows rebound from level which has important volume. So, if you see good price movement after our signal that means that price rebounded from some significant level. That is why is this system so powerful.
  • #2,665
  • Feb 10, 2009 9:40am Feb 10, 2009 9:40am
Can i use one minutes time frame on this Trend Follower 5 min system?
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  • #2,666
  • Feb 10, 2009 10:24am Feb 10, 2009 10:24am
Quoting leoforex
Can i use one minutes time frame on this Trend Follower 5 min system?
Yes you can, but its not recommented to do so.. because you get too much signals and most times false signals.

Regards
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  • #2,667
  • Feb 11, 2009 3:02am Feb 11, 2009 3:02am
Hi Pilatus
what do you think , please was during last 2 days some nice signal on main pairs ????
  • #2,668
  • Feb 11, 2009 3:09am Feb 11, 2009 3:09am
Quoting kuky969
Hi Pilatus
what do you think , please was during last 2 days some nice signal on main pairs ????
Some exaples on M5...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 39 KB
Click to Enlarge Name: usdchfm5a.gif Size: 39 KB
Click to Enlarge Name: audusd.gif Size: 39 KB
  • #2,669
  • Feb 11, 2009 3:23am Feb 11, 2009 3:23am
TheWW
thank you for example ,second signal in aud/usd was nice ??, I think there are very big move of price before signal
  • #2,670
  • Feb 11, 2009 3:35am Feb 11, 2009 3:35am
Quoting TheWW
Some exaples on M5...
Excelent, excelent, excelent...thisi is it, now remember how charts especialy guppy look when signal come on yours excelent examples. This is it. Now, you can see on GBP/USD how mucuh patience you need to have to give price time to develop in a trend.
Conclusion, good set up like yours examples and PATIENCE is holy grail for this system. Well done!
  • #2,671
  • Feb 11, 2009 3:36am Feb 11, 2009 3:36am
Quoting kuky969
Hi Pilatus
what do you think , please was during last 2 days some nice signal on main pairs ????
Look for TheWW examples.
  • #2,672
  • Feb 11, 2009 3:38am Feb 11, 2009 3:38am
Quoting kuky969
TheWW
thank you for example ,second signal in aud/usd was nice ??, I think there are very big move of price before signal
Maybe you wright, but guppys are compressed, MACD ok, Laguere too..
It is always much aesier to comment past but I think it was promising signal.
But it is better to take only really perfect signals...
  • #2,673
  • Feb 11, 2009 3:47am Feb 11, 2009 3:47am
Quoting pilatus
Excelent, excelent, excelent...thisi is it, now remember how charts especialy guppy look when signal come on yours excelent examples. This is it. Now, you can see on GBP/USD how mucuh patience you need to have to give price time to develop in a trend.
Conclusion, good set up like yours examples and PATIENCE is holy grail for this system. Well done!
Pilatus, Thanks!
I agree patients is necessary in this system, but I'm very satisfied using it. I trade on 4 pairs only, EURUSD, USDCHF, GBPUSD and AUDUSD on 5 minute chart.
Now I also started testing on demo account these pairs on 1 minute chart with much smaller tp. So far so good...
  • #2,674
  • Feb 11, 2009 3:58am Feb 11, 2009 3:58am
Quoting TheWW
Pilatus, Thanks!
I agree patients is necessary in this system, but I'm very satisfied using it. I trade on 4 pairs only, EURUSD, USDCHF, GBPUSD and AUDUSD on 5 minute chart.
Now I also started testing on demo account these pairs on 1 minute chart with much smaller tp. So far so good...
One little help. It is about to possible making long signal on eur/usd in next few 30 min. So, my opinion is that price could not break that level easy. This is level 1,2972. IF price break that level and signal occur it is safe to enter long, but if signal occur below that level my opinion is that price will rebound from it. Wll see....
  • #2,675
  • Feb 11, 2009 10:24am Feb 11, 2009 10:24am
To all

Is this a vaid signal. I am not sure because red and green are overlapping and the rules say green must be below red? Therefore is this a valid signal?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd040209.gif Size: 65 KB
  • #2,676
  • Feb 11, 2009 10:47am Feb 11, 2009 10:47am
Quoting pilatus
One little help. It is about to possible making long signal on eur/usd in next few 30 min. So, my opinion is that price could not break that level easy. This is level 1,2972. IF price break that level and signal occur it is safe to enter long, but if signal occur below that level my opinion is that price will rebound from it. Wll see....
Why do you think ???,because there is peak of volume on price (biggest volume on price) from yesterday future eur/usd ??
  • #2,677
  • Feb 11, 2009 12:37pm Feb 11, 2009 12:37pm
Quoting Pipinaintez
To all

Is this a vaid signal. I am not sure because red and green are overlapping and the rules say green must be below red? Therefore is this a valid signal?

Thanks
This is signal which I would took, but if you doubt in signal pass the trade. For me is valid.
  • #2,678
  • Feb 11, 2009 12:38pm Feb 11, 2009 12:38pm
Quoting kuky969
Why do you think ???,because there is peak of volume on price (biggest volume on price) from yesterday future eur/usd ??
Because that is level with big volume from yestrday..so I was right, price could not break that level clearly, very nice resistance.
  • #2,679
  • Feb 11, 2009 10:48pm Feb 11, 2009 10:48pm
Thank you for yours comments.

Could you tell me, in this strategy what is the exit sign and the stop?

(Excuse my english)
  • #2,680
  • Feb 12, 2009 6:23am Feb 12, 2009 6:23am
Quoting pilatus
This is signal which I would took, but if you doubt in signal pass the trade. For me is valid.
Thanks Pilatus
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