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Trend Follower 5 Minute System

  • #2,741
  • Mar 6, 2009 4:38am Mar 6, 2009 4:38am
Dear TheWicker,

I have been thinking you have gone and forgot about this thread (I started reading this system about 1-2 month ago). Thanks for your system and your continuous effort of coaching others to use this system. We don't know each other, and your contribution is just so selfless!

K.K. (abc997)
Learning never stops...
  • #2,742
  • Mar 6, 2009 4:54am Mar 6, 2009 4:54am
pilatus did u trade last two weeks with trend follower system.if yes can u put charts ?
thanks u
  • #2,743
  • Mar 6, 2009 7:19am Mar 6, 2009 7:19am
Quoting marek75
Hi Pipinaintez,
I am trading few days and understand your frustration. I´ve lost money, but now I started to recover this lost. My mistake was that I was trying to enter trade almost at any cost and it resulted into losses. Now I am really thinking twice before I enter. I think today was quite volatile day on all pairs, only U/Y and E/Y showed some trend (short). All other pairs were just dancing (Plus resist / support lines were close) and this system needs trend to give good signals. So, I am trying to relax and maybe miss some trades rather than...
Thanks Marek I think I will also try this approach, although I thought I was I must try to sit some out.
  • #2,744
  • Mar 6, 2009 7:22am Mar 6, 2009 7:22am
Quoting pilatus
Buddy thanks for your support. It looks like that you are impatient...slow down a little. As I told you, you can get 1-3 good signals per week. Be patient, take analysis, find good s/r level. Wait for rebound of them and then trade. Try to prepare trade....if it happen by your analysis and plan - trade, if not - dont trade.
It is easy to find 5 signals per day but question is are they worth of entering a trade and risk certain % of your total ammount. Better to take 1-3 good trades and take 100-200 pips than take every signal and loose 5-6 times...
Ok Pilatus Thanks again.

I thought on this trade I was being patient because I had waited for 2 days for it to set up. You are probably right I need to analyse more and will google the information you told me to look up and help me analyse the trades this weekend!

I thought I was being patient but it seems like I rushed in too much. I will give signals more time.
  • #2,745
  • Mar 6, 2009 7:53am Mar 6, 2009 7:53am
Quoting TheWicker
Hello all,

there is something on my mind that needs to be put on paper. This thread is soon to celebrate its 2 years of existence. During that time I believe we've accomplished to train a few successful and more profitable traders. Some of these spent one-on-one coaching time with me and unless they're faking their screenshots they've become great traders of this system.

New traders constantly arrive to learn our system. I've been getting many PM's for personal support from them. Please note that I can no longer support your questions that you...
Hello Wicker

Sound advice as always. I have read through the blog and your advice countless times..... but I don't know maybe I am not picking it up as well as others or the market has changed.

It would be great if you could return to the thread as it seems to me the market is never the same at any time. However this system despite the changes continues to make profitable trades. My problem is that even when I am going with all that has been said I am still picking losers and missing winners.

However good advice from other members on the blog, especially Pilatus, is helping me and everyone who keeps up on this thread. I agree that we can all learn from these trend follower masters.

Having the creator of the system back, in conjunction with these masters, would be invaluable even for a short period of time. I understand you are busy and want to let the blog work for itself now, but I truly believe we are in a different market to that 2 Years ago when the system was created.

With all due respect, what do you say? Even a month's advice from you, getting advice on trades that are about to set up, seeing through trades and analysing after why they went right/wrong would give a massive boost not just to me but the system and the members of the blog as a whole!

I don't mean to be disrespectful as you have already said you would not return as all questions have been answered but this is a very different time for the markets and we have a saying up here in the North East of England that ' Shy Bairns Get Nowt.'

So there it is I can't be shy otherwise I'll get nothing, so the direct question is will you return to advise on trades!

Cheers cos Pipinaintez.
  • #2,746
  • Mar 6, 2009 7:55am Mar 6, 2009 7:55am
Quoting TheWicker
Hello all,

there is something on my mind that needs to be put on paper. This thread is soon to celebrate its 2 years of existence. During that time I believe we've accomplished to train a few successful and more profitable traders. Some of these spent one-on-one coaching time with me and unless they're faking their screenshots they've become great traders of this system.

New traders constantly arrive to learn our system. I've been getting many PM's for personal support from them. Please note that I can no longer support your questions that you...
To all are there still any online trading rooms trading this system the last room on this blog had changed to discussing a different system?
  • #2,747
  • Mar 6, 2009 10:02am Mar 6, 2009 10:02am
Maybe I am wrong, but I believe that a typical trading system based on technical analysis will not work well when important market news is out, for the reason that such a system will not normally take news into account. There are people out there place trades based on news, but they are in a different world from us here using a trading system.

My advice is to keep out of market when it is more unpredictable when news are to be released or just after the news are released. Big investors many suddenly decide to get into the market that the trading system can never predict. After all, you don't really need to place trade every day to get yourself rich.
Learning never stops...
  • #2,748
  • Mar 8, 2009 7:48pm Mar 8, 2009 7:48pm
Quoting abc997
Maybe I am wrong, but I believe that a typical trading system based on technical analysis will not work well when important market news is out, for the reason that such a system will not normally take news into account. There are people out there place trades based on news, but they are in a different world from us here using a trading system.

My advice is to keep out of market when it is more unpredictable when news are to be released or just after the news are released. Big investors many suddenly decide to get into the market that the trading...
Hi abc997,

I agree with you on the point of news and it has been said by the Wicker and others not to trade against news but news is always coming out in the forex market.

Say you get a signal 1 - 2 Hours before a trade would you not take it?

It is very rare that I see a trade when there is no news that it has either reacted to or news about to come out after you enter. I have tried to take news into account to support my trading decisions. But I find there is too much news about to ever get a trade which can't be effected by news.

Also I have found that with news it can also boost your trade in the right direction. But also times when it reverses it.

How do you account for news in these scenarios. Do you simply not trade? How about the fact that there always seems to be a lot of news about?

Cheers!
  • #2,749
  • Mar 9, 2009 1:27am Mar 9, 2009 1:27am
Quoting nicotine
pilatus did u trade last two weeks with trend follower system.if yes can u put charts ?
thanks u
No I did not. There was few setups but no trade due to news releases.
  • #2,750
  • Mar 9, 2009 3:37am Mar 9, 2009 3:37am
Hi Pipinaintez,

I think it takes a much higher skill to trade using both fundamentals and technical analyses together. Most good traders are skilful in either one. I myself don't know much about fundamentals, but at least know that interest rate change is a very critical factors in currency valuation. I guess, it perhaps is the most important single factor. Last week when you were actively trading, it was around the (quarterly?) news announcement of interest rate change for both GBP and EUR. I think it is better for trading system traders to at least prevent trading at around these times. (I may keep out of the market for half day, perhaps) I personally don't know much about what other news would be important enough to prevent trading.
Learning never stops...
  • #2,751
  • Mar 9, 2009 7:34am Mar 9, 2009 7:34am
To Pilatus and all,

Is this a valid signal? The reason is on the close of the bar after signal laguerre has not cut the necessary 0.75 level. It is actually on the 2nd bar after signal that it goes. is it therefore valid? If so it is probably the best trade of the day?

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd090309(1hr).gif Size: 69 KB
  • #2,752
  • Mar 9, 2009 11:00am Mar 9, 2009 11:00am
Hi All,

I have just finished reading this thread and I am about to start demo trading for a while. Can I ask you guys if you are still actively trading this system and if so, how are you doing with it? Are you trading all the recommended pairs and how many pips are you averaging a week?

What are you TP strategies?

I look forward to your comments please

Alkis
  • #2,753
  • Mar 9, 2009 2:23pm Mar 9, 2009 2:23pm
Quoting Pipinaintez
To Pilatus and all,

Is this a valid signal? The reason is on the close of the bar after signal laguerre has not cut the necessary 0.75 level. It is actually on the 2nd bar after signal that it goes. is it therefore valid? If so it is probably the best trade of the day?

Cheers
Hi. Of course that is valid signal. Do not be engineer and measure millimetres. Trading is art, not geometry. The purpose of laguerre is that shows if price is in overbought or overdsold area and if its line crosses some of those levels (0,75 or 0,15) that indicates that price tends to go in opposite extreme. SO do not be so rigid, rather be flexible.
TODAY we had a lot of good signals such as gbp/usd aud/usd usd/cad, where guppy were contracted and all conditions good. I did not take any of them...
  • #2,754
  • Mar 9, 2009 4:27pm Mar 9, 2009 4:27pm
Quoting pilatus
TODAY we had a lot of good signals such as gbp/usd aud/usd usd/cad, where guppy were contracted and all conditions good. I did not take any of them...
Did you see EUR/GBP today? I was off the whole day and wept after my return in the evening. Not many news for tomorrow so I hope something like this will come again...
  • #2,755
  • Mar 10, 2009 8:41am Mar 10, 2009 8:41am
Quoting pilatus
Hi. Of course that is valid signal. Do not be engineer and measure millimetres. Trading is art, not geometry. The purpose of laguerre is that shows if price is in overbought or overdsold area and if its line crosses some of those levels (0,75 or 0,15) that indicates that price tends to go in opposite extreme. SO do not be so rigid, rather be flexible.
TODAY we had a lot of good signals such as gbp/usd aud/usd usd/cad, where guppy were contracted and all conditions good. I did not take any of them...
Hi Pilatus,

Thanks for clearing that up.

I did not see a good setup trade on GBP/USD yesterday except this one I have attached. Notice it is at 08.05 on my meta trader which is 06.05 GMT. This is before London open and we have been advised by the Wicker not to trade the chop - chop session? The two other trades on GBP/USD are also attached.

The second trade at 16.35 (14.35 GMT) would have had you in and vey quick due to slope direction line changing colour and taking into account spreads you would not have made a profit.

The third signal at 20.45 (18.45 GMT) is debatable due to MACD turning negative only two bars after signal and the Guppy are massively expanded. Yes it works but isn't this a bad signal because the huge movement down all day?

Also a point on Laguerre and MACD. You have said with respect to Laguerre it is not an exact science so how many bars on each side of the signal would you give laguerre 3/4 either side? Would you give any leeway with MACD or does this have to be on bar or one after as the rules state?

Thanks again
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd090309.gif Size: 67 KB
Click to Enlarge Name: gbpusd090309(2).gif Size: 74 KB
Click to Enlarge Name: gbpusd090309(3).gif Size: 76 KB
  • #2,756
  • Mar 10, 2009 9:02am Mar 10, 2009 9:02am
Also is there a live chatroom for this strategy or not. There are not many people on this thread either at the time of trading so it is hard to talk to anyone as trades are happening? Yesterday when everything was happening no one was on?

Cheers
  • #2,757
  • Mar 10, 2009 10:01am Mar 10, 2009 10:01am
Quote:
Originally Posted by TheWicker http://www.forexfactory.com/images/buttons/viewpost.gif
Hello all,

there is something on my mind that needs to be put on paper. This thread is soon to celebrate its 2 years of existence. During that time I believe we've accomplished to train a few successful and more profitable traders. Some of these spent one-on-one coaching time with me and unless they're faking their screenshots they've become great traders of this system.

New traders constantly arrive to learn our system. I've been getting many PM's for personal support from them. Please note that I can no longer support your questions that you...

Hello Wicker

Sound advice as always. I have read through the blog and your advice countless times..... but I don't know maybe I am not picking it up as well as others or the market has changed.

It would be great if you could return to the thread as it seems to me the market is never the same at any time. However this system despite the changes continues to make profitable trades. My problem is that even when I am going with all that has been said I am still picking losers and missing winners.

However good advice from other members on the blog, especially Pilatus, is helping me and everyone who keeps up on this thread. I agree that we can all learn from these trend follower masters.

Having the creator of the system back, in conjunction with these masters, would be invaluable even for a short period of time. I understand you are busy and want to let the blog work for itself now, but I truly believe we are in a different market to that 2 Years ago when the system was created.

With all due respect, what do you say? Even a month's advice from you, getting advice on trades that are about to set up, seeing through trades and analysing after why they went right/wrong would give a massive boost not just to me but the system and the members of the blog as a whole!

I don't mean to be disrespectful as you have already said you would not return as all questions have been answered but this is a very different time for the markets and we have a saying up here in the North East of England that ' Shy Bairns Get Nowt.'

So there it is I can't be shy otherwise I'll get nothing, so the direct question is will you return to advise on trades!

Cheers cos Pipinaintez.

http://www.forexfactory.com/images/buttons/quote.gif

  • #2,758
  • Mar 10, 2009 11:52am Mar 10, 2009 11:52am
Quoting Pipinaintez
Hi Pilatus,

Thanks for clearing that up.

I did not see a good setup trade on GBP/USD yesterday except this one I have attached. Notice it is at 08.05 on my meta trader which is 06.05 GMT. This is before London open and we have been advised by the Wicker not to trade the chop - chop session? The two other trades on GBP/USD are also attached.

The second trade at 16.35 (14.35 GMT) would have had you in and vey quick due to slope direction line changing colour and taking into account spreads you would not have made a profit.

The third signal...
Use it by the rules. First signal is ok everything else no.
  • #2,759
  • Mar 10, 2009 12:52pm Mar 10, 2009 12:52pm
Quoting pilatus
Use it by the rules. First signal is ok everything else no.
How is the first signal ok? it's outside trading hours?

I didn't mean to contradict what you said I just can't see the good setup on GBP/USD and since I trade this I was trying to see if maybe I had missed it?

I just want to know the leaway with laguerre and MACD. Is it all on bar or one after or is there some leaway with one or both?

Thanks
  • #2,760
  • Edited Mar 11, 2009 9:26am Mar 10, 2009 4:13pm | Edited Mar 11, 2009 9:26am
Hello to everybody in this thread!!!!


I have just done reading everything, i will start testing in on demo

Look like it is very promising and good, jus have to follow all the rules.


Good luck to everybodie.!!!


p.s. how are you all going trading it strategy?


Is there any LIVE CONFERENCE going on?
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