Mathematician's help needed...

How is "trend" defined when looking at nbr of pips away from open. Is is just the direction (up or down) from the open?

is there a chart like this for the other pairs
I think i remeber reading something like this in one of the many
straddle type system threads

Thanks a lot for your great discussion here on the public forum.
It is really helpful, eye-opening, inspiring.
I hope I will be able to pay back with something in the near future.
Cheers,
zj

It's been a great thread, and maybe needs bumping now and then to help others like us to read the thoughts of some seriously good traders.

It really did alter my approach to trading, and whilst I still have weak areas, this isn't one of them now.

Glad it helped you

Hi Peter,
Thanks for the thread, I have now read it through 3 times and found more each time.

You say that exits are not your weak area now. May I ask what you eventually settled upon and how you came to decide upon it?

Thanks again,
Ian

It was more the fact of scaling out, rather than exits per se, I was referring to.
I'm trying to develop a more solid approach to Support/Resistance as potential targets, for both opening and closing trades.
Since I started this thread, I've found that there is a far greater weakness that has developed recently, and I've paid the price for that. (See latest post in the Newbies thread )

Bump

Bump again...

And linked to the Index in Post #1 here and here so that it doesn't get buried quite so deep in the future.

Amazing thread that should challenge everyone who reads it...

Peter,

Thank you a lot for this thread I wish you achieve your goal being more profitable with your system. I ´m working on my own too....I tried to download the turtle pdf but it is no longer online can someone of you guys post it again?

I´ll be grateful for that.
Once again thanx a lot for so much useful information.

All the best.

Rod.

I found it here along with some other related info...
http://bigpicture.typepad.com/commen...urtlerules.pdf

And in case that link also breaks someday...

In going back and re-reading this thread yet again, I began to ponder in what ways it might be different in light of some of the extreme and prolonged volatility we've seen since much of this thread cooled.

In that vein, it'd be great if any of the principal posters ((or others of that caliber)) saw fit to either add to, modify, or simply reconfirm the positions they held a couple years or more ago in light of todays trading environment.

There's some Legendary FF members represented here whose opinions I highly value and looking back a bit in order to go Forward is something I do alot... making sure all the Dots are still connecting and that sort of thing...

For me, nothing has changed other than my ability to recognise key targets for TP and interim points where I can expect a trade to stall. I rarely close any or all of a trade at these interim points unless I'm convinced that my primary target is beyond reach within a reasonable timeframe. These interim points may be obvious S/R areas on the shorter TF charts (I'm talking 4-hr here) and will only close if I get a strong signal that the direction has changed.

I take the attitude that if the reversal is temporary then I'll get another signal to get back onboard and keep going in my original direction.

In general though, I'll hang on to a trade even back to the entry point if my original feelings regarding the S/R line I'm basing the trade on are still valid. I couldn't have possibly done this two years ago as I had very little understanding of chart rhythms and how the ebb and flow of the chart can almost be read in real time. God, I'm sounding full of bulls**t here but that's the only way I can explain it. So, while not claiming to be Legendary, I felt I could respond here as the OP in question. Do I ever take partial profit. Yes, but so infrequently as to be insignificant on my P/L sheet. If I do leave anything on it will only be a VERY small portion of my original position and then I generally move my stop to the next closest S/R on maybe a 4-hr chart.

I still can't give you any figures to back up my thoughts but if it was good enough for Dopey and Philmcgrew then it's still good enough for me. I have seen at least one of these guys reply to a similar question in a more recent thread, so I'll assume their thoughts haven't changed either.

If there is a difference now it's that I'm able to see and trade ranging periods more easily and exploit them fully by having clearly defined near-term targets and being satisfied when they are hit even when my trade is closed and there has been a breakout. (That was a crap sentence!)

Does that help?

Once again: THANK YOU!

BTW that Quarter Pivots thingy is very interesting.
Gonna take it to the field next week.

Well this thread was a very pleasant find while going through the J16 thread.

Bump bump

Thanks for this thread.Do you still manage your trades as per your last post here? Over the last year or so, has your experience still reinforced NOT taking partial profits.

Kind thanks

Andy

can any one give me indicator or EA that can help me for long time and i really appreciate your work in this forex factory....

Peter your thread was great. I have a lot to learn i just blew up 50% of my account. Any help you could give would be greatly appreciated.