Trend Follower 5 Minute System | Page 152 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 HD system (trend follower) 3 replies

Journal for Trend Follower 5 Minute System 9 replies

Trend Follower System Programming 4 replies

A good EA trend follower? 2 replies

trend follower system templates and indicators an issue 5 replies

Attachments: Trend Follower 5 Minute System
Exit Attachments

Trend Follower 5 Minute System

  • #3,021
  • Apr 24, 2009 6:20am Apr 24, 2009 6:20am
Quoting fatpanda
Above R2;40pips before R3&W-R1&D-R2;
After a big upwards movement and rebounce;
MACD OK;
LAG OK;
Red GMMA is ok;
The trend is running strong on HTF, but the rainbow expanded too much and it is approaching R3. I would think it is a small gain.
Learning never stops...
  • #3,022
  • Apr 24, 2009 6:23am Apr 24, 2009 6:23am
Quoting pilatus
Not valid signal beacuse of the time, but very nice example of what we should look when is time by the rule.

So if it is end of week and trading is slowing down and I see that people are everyday better and better I want to share something with others here. So litttle education again.
[color=black]When I started to follow this system I was amazed how this system can produce signal which gives us 300 pips and sometimes just 10 or 20. According to that I started to do a little research why that happen. The...
Great to hear your valuable view... please continue... and please tell me how did you from the S/R in your 2 trades yesterday. I may not take these signals, but it go very well.

Also, the hit rate of my using TrendFollower is high these days. Thanks
Learning never stops...
  • #3,023
  • Apr 24, 2009 6:28am Apr 24, 2009 6:28am
Ok, I think that using those information from futures volumes and with some nice system like TF5min we can have very accurate and profitable system. But to everyone to better understand volume levels I strongly recommend to visit those sources:
1. Principles of market movements
2. New opportunities on EUR/USD market
3. Volume trading
All 3 above are the name of thread on fxfactory forums. Search for them.
The site where I get all those data is http://[URL="http://www.trading-evolution.com"].trading-evolution.com[/url] where some very nice guy colect data evrery day from CME and put it on that site for free.
Now abc997 I think that those levels will very much help you in trading tfsystem on 1min timeframe.
Believe me guys without those levels we are blind and all our trading is based on guessing and statistics. With volume levels I Think that we are on second level of trading at all.
And one thing else, why is every broker hidding volume from their clients like snake hide their legs???? Because it is some kind of secret that clients should not know.
Hope I helped someone.
  • #3,024
  • Apr 24, 2009 6:47am Apr 24, 2009 6:47am
Quoting abc997
Great to hear your valuable view... please continue... and please tell me how did you from the S/R in your 2 trades yesterday. I may not take these signals, but it go very well.

Also, the hit rate of my using TrendFollower is high these days. Thanks
Those 2 trades were rebounded from max volume of the day before too. Well in trading by volume there is a lot of thing to learn. So there is a less chance for eur/usd to go more up today. Why? Price reached max volume of contract level. Look at my pic I draw that blue line on monday 4 days ago. To better understand those levels please read those threads above.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1h.gif Size: 24 KB
  • #3,025
  • Apr 24, 2009 7:02am Apr 24, 2009 7:02am
GBP/USD hase strong support on level 1.4565 or max volume of yestrday, will se what is going to happen there.....??
  • #3,026
  • Apr 24, 2009 7:52am Apr 24, 2009 7:52am
Seems that I was right about gbp/usd.....
  • #3,027
  • Apr 24, 2009 8:06am Apr 24, 2009 8:06am
Bingo Pilatus... it rebound from the level you said, right after you said it.

Thanks, the mystery of your yesterday 2 trades revealed, they were not any Grade A type pattern I would expect.
Learning never stops...
  • #3,028
  • Apr 24, 2009 8:28am Apr 24, 2009 8:28am
Hello,

I tried to add the signaltrendfollower+snapshot but for some reason it disappears after 2 seconds and I get the "Yesterday Quotations" back on my screen.

Does anyone know why this might happen?

Thanks in advance,

Jerome
  • #3,029
  • Apr 24, 2009 8:37am Apr 24, 2009 8:37am
Excelent signal on eur/jpy I took half hour before. Look on price moevement before signal, small range about 40 pips, guppy contracted, good signal, and one thing more above max volume of yestrday....target M pivot/DR1
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 50 KB
  • #3,030
  • Apr 24, 2009 8:37am Apr 24, 2009 8:37am
Quoting pilatus
Seems that I was right about gbp/usd.....
Amazing!!!! It rebound for almost 200 pips from where you predict...
Learning never stops...
  • #3,031
  • Apr 24, 2009 8:41am Apr 24, 2009 8:41am
Quoting pilatus
Excelent signal on eur/jpy I took half hour before. Look on price moevement before signal, small range about 40 pips, guppy contracted, good signal, and one thing more above max volume of yestrday....target M pivot/DR1

I took the same trade,I got out at Resistance 1 for around 40 pips.
(Wasnt aware of the volume but I will look at the threads you posted earlier about that)

Jerome
  • #3,032
  • Apr 24, 2009 9:15am Apr 24, 2009 9:15am
PipinAintEz:
Good to see your back too. Whats been going on lately? You on skype? if you are, hit me up on there, we'll catch up.

So you started back up on the Trend Follower then? Take care.
  • #3,033
  • Apr 24, 2009 10:19am Apr 24, 2009 10:19am
Those live trading this system... you only take a long if crossing up thru the
0.15 from below, and some of you also if crossing up thru 0.45 from below
at the same time? And a short only crossing down 0.75 at the signal time
from above then also down thru 0.45 from above too for a short??

or only short down thru 0.75 from above but long thru either 0.15 and 0.45??

thanks!

Brian
  • #3,034
  • Apr 24, 2009 10:42am Apr 24, 2009 10:42am
Quoting golden1
Those live trading this system... you only take a long if crossing up thru the
0.15 from below, and some of you also if crossing up thru 0.45 from below
at the same time? And a short only crossing down 0.75 at the signal time
from above then also down thru 0.45 from above too for a short??

or only short down thru 0.75 from above but long thru either 0.15 and 0.45??

thanks!

Brian
Not sure where you got the figure of 0.45 from my friend. But take longs once laguerre crosses out of the 0.15 area and take shorts when Laguerre crosses out of the 0.75 area
  • #3,035
  • Apr 24, 2009 11:11am Apr 24, 2009 11:11am
Quoting pilatus
Not valid signal beacuse of the time, but very nice example of what we should look when is time by the rule.

So if it is end of week and trading is slowing down and I see that people are everyday better and better I want to share something with others here. So litttle education again.
When I started to follow this system I was amazed how this system can produce signal which gives us 300 pips and sometimes just 10 or 20. According to that I started to do a little research

[color=black]/usd...
Good Post will check out volume trading Thanks
  • #3,036
  • Apr 24, 2009 11:18am Apr 24, 2009 11:18am
There are good trends today. and TrendFollower work very well in many occasions. Can't post that much...
Learning never stops...
  • #3,037
  • Apr 24, 2009 11:39am Apr 24, 2009 11:39am
Picture of a quick +10 pips...Macd on signal line is generally quite flat but signal was taken on the next bar as macd was over the zero line and laguerre clearly moved out of the 0.15 area, nice signal as Trend Follower m5 and m15 trend is already established as a Long with the Guppy, so its a very safe signal to take, also Laguerre on m5 was floored to the top, indicating good price strength. Again, only 7-8pip stop loss necessary, if you get stopped out, it would have been a bad trade anyway. Keep your losses small, and keep your wins big.
Attached Image (click to enlarge)
Click to Enlarge Name: 1m_eu.gif Size: 42 KB
  • #3,038
  • Apr 24, 2009 11:47am Apr 24, 2009 11:47am
More than experienced here, no worries... just looking to make sure
I have this system's exact rules down.

So, on this system, would you still take a long with the laguerre above the 0.75 level? Some systems, as you know only trade if a level break occurs at the same time...others a long as long as its above the 0.15 but
not above a level.. just making sure I understand this system
specifics. Would you take a long that in all other ways
lined up perfectly but the laguerre was already above the 0.75 level?

thanks to all!

Brian

Quoting WilteredFire
Not sure where you got the figure of 0.45 from my friend. But take longs once laguerre crosses out of the 0.15 area and take shorts when Laguerre crosses out of the 0.75 area
  • #3,039
  • Apr 24, 2009 12:00pm Apr 24, 2009 12:00pm
Quoting golden1
More than experienced here, no worries... just looking to make sure
I have this system's exact rules down.

So, on this system, would you still take a long with the laguerre above the 0.75 level? Some systems, as you know only trade if a level break occurs at the same time...others a long as long as its above the 0.15 but
not above a level.. just making sure I understand this system
specifics. Would you take a long that in all other ways
lined up perfectly but the laguerre was already above the 0.75 level?

thanks to all!

Brian
We need all conditions meet within 2 bars. I've never seen there is a case where the laguerre jump from below 0.15 to above 0.75 within 2 bars, that mean I haven't encountered the problem that you've asked.
Learning never stops...
  • #3,040
  • Apr 24, 2009 12:04pm Apr 24, 2009 12:04pm
Ok that answers my question pretty much, as to the method here.

Very good..thanks!

Brian

Quoting abc997
We need all conditions meet within 2 bars. I've never seen there is a case where the laguerre jump from below 0.15 to above 0.75 within 2 bars, that mean I haven't encountered the problem that you've asked.
1 trader viewing now