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Weekly Trend Trading Method

  • #361
  • Nov 28, 2009 10:54am Nov 28, 2009 10:54am
Quoting shortass
Was this a valid signal that went wrong? Or am I completely misunderstanding this system?

After looking at your picture of usdcad why do you have a blue arrow on the 26th but my chart doesn't?
Hello shortass and welcome to this thread. First, you need to check the settings of the 2ma cross indicator and make sure they match the settings on the first post. Secondly, you need to post a chart with a vertical line or an arrow on the candle that you have a question about.
  • #362
  • Nov 28, 2009 12:59pm Nov 28, 2009 12:59pm
I traded the EUR/JPY and got over 170 pips. So far i didn't experienced any losses with this system. I actually had 2 but it was my mistake, not the system ones. very good.
"All good things come to those who wait..."
  • #363
  • Nov 28, 2009 1:18pm Nov 28, 2009 1:18pm
Quoting lostfx
I traded the EUR/JPY and got over 170 pips. So far i didn't experienced any losses with this system. I actually had 2 but it was my mistake, not the system ones. very good.
Congradulations lostfx. Which method did you use? The original method or the improved method.
  • #364
  • Nov 28, 2009 2:27pm Nov 28, 2009 2:27pm
maybe you should add one more indicator for clarity
  • #365
  • Nov 28, 2009 4:15pm Nov 28, 2009 4:15pm
Thanks for the quick reply. I did have success on another pair during the week and think I would have taken this trade but I saw it too late and didn't like the look of it.

I checked the settings and they seem to be right. MA1=5, MA1Mode=3, PriceField1=0, MA2=8, MA2Mode=3, PriceField2=1. Is that correct?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 23 KB
  • #366
  • Nov 28, 2009 8:46pm Nov 28, 2009 8:46pm
Quoting shortass
Thanks for the quick reply. I did have success on another pair during the week and think I would have taken this trade but I saw it too late and didn't like the look of it.

I checked the settings and they seem to be right. MA1=5, MA1Mode=3, PriceField1=0, MA2=8, MA2Mode=3, PriceField2=1. Is that correct?
The settings on your 2ma cross are still wrong. These are the correct settings.
1) MA1=5, MA1 Mode=1, PriceField1= 0
2) Ma2=8, MA2 Mode=1, PriceField2= 1
Reference the candle that you're referring to, I didn't get an arrow on that candle. When you change your settings, then your chart will look like mine.
  • #367
  • Nov 29, 2009 3:40am Nov 29, 2009 3:40am
Yep, that fixed it. Missed on the first page it was ema. Thanks
  • #368
  • Nov 29, 2009 6:42am Nov 29, 2009 6:42am
Quoting shortass
Yep, that fixed it. Missed on the first page it was ema. Thanks
You're welcome.
  • #369
  • Nov 29, 2009 6:43am Nov 29, 2009 6:43am
Quoting mtftrade
maybe you should add one more indicator for clarity
What do you mean?
  • #370
  • Nov 29, 2009 9:30am Nov 29, 2009 9:30am
Hi, lgtj. I used the new method.
"All good things come to those who wait..."
  • #371
  • Nov 29, 2009 11:32am Nov 29, 2009 11:32am
Quoting lgtj
Hello blinkers and welcome to this thread. Here are the indicators that I'm using.
1) monthly pivot indicator Page 5 post 75
2) ma indicator and slope line indicator Page 1 post 2
3) 2ma cross indicator Page 19 post 271
4) colored macd Page 22 post 327
If you have any more questions or comments, please feel free to post.
Thanks alot mate... Have been busy all wkend and heading abroad on business for a few days but can't wait to get stuck in to trying out this method..looks great and thanks for all the time you're putting in here to help out us beginners...
Blinkers...
  • #372
  • Nov 29, 2009 1:06pm Nov 29, 2009 1:06pm
Hey lgtj,
Seems like a good system but haven't had much luck with it. The indicators always seem to be at the end of a run when they show up then price goes the oppositeiway and I lose. Perhaps I'm using the wrong indicators.

So now I'm using the new indicators that where being discussed earlier, the one with only one slope line and the 2 read or green arrow entries. Are those the ones that I should be using or the original ones, or does it matter?


For example on the charts below I look at the weekly and looks like a short entry. Then look at the daily and looks like I'm to late is this correct? Or do we wait for setups that are going with the trend?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdw.gif Size: 44 KB
Click to Enlarge Name: eurusdd.gif Size: 50 KB
  • #373
  • Nov 29, 2009 1:23pm Nov 29, 2009 1:23pm
Quoting Scratch99
Hey lgtj,
Seems like a good system but haven't had much luck with it. The indicators always seem to be at the end of a run when they show up then price goes the oppositeiway and I lose. Perhaps I'm using the wrong indicators.

So now I'm using the new indicators that where being discussed earlier, the one with only one slope line and the 2 read or green arrow entries. Are those the ones that I should be using or the original ones, or does it matter?
If you've looked at the most recent charts that I've posted, you'll notice that every signal worked out perfectly. If you're losing, that means that you're not patient enough to let the trade play out and/or your stop loss is too close. Remember I stated in my first post that this is a long term trading method. Price action will not always go in your direction at first, but eventually it'll get there if you're patient enough to wait. Usually after price has made a large move in one direction, it'll retrace and try to correct itself before it starts to go in its original direction. As long as you stay with the weekly trend, you'll be ok. Reference the arrow indicators, it doesn't matter which ones you use. As long as they agree with the rsi, macd, and slope indicator.
  • #374
  • Nov 29, 2009 1:32pm Nov 29, 2009 1:32pm
Quoting lgtj
Here are four potential set ups for next week.
Attachment
Attachment
Attachment
Attachment
Scratch99, On 11/20/09 I posted the above post reference Nzdusd daily. The move will always occur on the daily chart first before you see a valid signal on the weekly chart. With the improved method, you would have already been in this move. Also with the improved method, we monitor the daily charts and use the weekly charts for confirmation of the daily.
  • #375
  • Nov 29, 2009 1:33pm Nov 29, 2009 1:33pm
Quoting lostfx
Hi, lgtj. I used the new method.
Great!
  • #376
  • Nov 29, 2009 1:33pm Nov 29, 2009 1:33pm
Quoting fxblinkers
Thanks alot mate... Have been busy all wkend and heading abroad on business for a few days but can't wait to get stuck in to trying out this method..looks great and thanks for all the time you're putting in here to help out us beginners...
Blinkers...
You're welcome.
  • #377
  • Nov 29, 2009 1:34pm Nov 29, 2009 1:34pm
Thanks for your help. I may get it eventually, I hope.
  • #378
  • Nov 29, 2009 1:40pm Nov 29, 2009 1:40pm
Quoting Scratch99
Thanks for your help. I may get it eventually, I hope.
It's not hard at all. Re-read the improved method and study the examples that I posted, and you'll do good.
  • #379
  • Nov 29, 2009 2:26pm Nov 29, 2009 2:26pm
hi, I am reading your topic dear lgtj.
I should say million thanks for your support and help another traders like me.
I am trying too test and get better in this method.

I have a doubt on a pair in this method.


in this chart it seems going up on USD CHF on daily.

can u please check it and send your openion ?
I have not any open position that I am asking you about that.

But The usd chf pair is hard pair too say any forcast too that ... because of chf.

SORRY again : my internet connection have a small problem now And I couldn't upload that picture.
  • #380
  • Nov 29, 2009 2:54pm Nov 29, 2009 2:54pm
Quoting Wincent
hi, I am reading your topic dear lgtj.
I should say million thanks for your support and help another traders like me.
I am trying too test and get better in this method.

I have a doubt on a pair in this method....
Hello Wincent and welcome to this thread. Look at the weekly and daily charts. Usdchf is in a down trend. So we should not be looking to go long. There was a valid sell signal given on the daily chart, but price has retraced quite a bit to correct itself. Right now price is between resistance 1.0244 and support 1.0037. If you look at the daily chart, price has been consolidating between these levels for the past three weeks until it broke south. On friday, price went back up and closed between these levels again. Plus there is a lower trend line below on the daily and weekly. So I would not touch this pair right now. Remember if you're not sure about a set up, don't trade that pair and go to another pair.
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