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Weekly Trend Trading Method

  • #441
  • Dec 6, 2009 11:36am Dec 6, 2009 11:36am
Great spot on the Divergence entry with the trend line break. Nice trade!
  • #442
  • Dec 9, 2009 12:28pm Dec 9, 2009 12:28pm
Really quiet thread. Is anyone still trading this system? If yes, how are the results?
Thanks.

pipsacker
  • #443
  • Dec 10, 2009 7:03pm Dec 10, 2009 7:03pm
This thread seems to be dead. I wonder what happened?

pipsacker
  • #444
  • Dec 10, 2009 7:33pm Dec 10, 2009 7:33pm
dont know markets are in range, waiting for a setup tp show up
"All good things come to those who wait..."
  • #445
  • Dec 11, 2009 1:59am Dec 11, 2009 1:59am
Hi All,
What is the session start time and end time that are used for formng the daily bars? Are you using New York session? Thank you.
  • #446
  • Dec 11, 2009 2:05am Dec 11, 2009 2:05am
Quoting pipsacker
This thread seems to be dead. I wonder what happened?

pipsacker
Well I guess I'll be the first to sound off that I'm still here!! LOL!

During this time of EXTREME ranging, I have simply dropped down to the 1H - 4H combo that was talked about earlier.

Going after much smaller TP's (30-60's) but still catchin' some movements!

I have started opening dual lots so I have 2 TP targets, then move 2nd lot to BE when 1st is hit.

Seems to be working well, but I will enjoy when we get back to some SERIOUS movement......

Haven't seen many of the usuals in here for a min., so they might just be taking it easy till after NEW YEAR?

Keep @ it Pipstacker!

The method is defiantly worth it!
  • #447
  • Dec 11, 2009 10:10am Dec 11, 2009 10:10am
Thanks, Mrezoot.

pipsacker
  • #448
  • Dec 11, 2009 11:11am Dec 11, 2009 11:11am
Quoting yesbee1
Hi All,
What is the session start time and end time that are used for formng the daily bars? Are you using New York session? Thank you.
Hello yesbee1 and welcome to this thread. Whatever time your broker's new daily candle starts. My broker's new daily candle starts at 8 pm est which is the opening of the Tokyo session.
  • #449
  • Dec 11, 2009 11:12am Dec 11, 2009 11:12am
Mrezot are you using exactly the identical setup as was originally put here for weekly / daily? thanks.
"All good things come to those who wait..."
  • #450
  • Dec 11, 2009 11:14am Dec 11, 2009 11:14am
Quoting pipsacker
This thread seems to be dead. I wonder what happened?

pipsacker
I'm still around. The markets are consolidating after the recent big moves. I'm trading on the smaller time frames until price starts moving again.
  • #451
  • Dec 11, 2009 11:23am Dec 11, 2009 11:23am
Glad to hear it is still working. Thanks, lgtj.

pipsacker
  • #452
  • Dec 11, 2009 12:36pm Dec 11, 2009 12:36pm
Hi Lg,
Thanks. I also would like to let you know that I am back testing this method for day trading ES futures contract (emini S&P 500) (I adjusted all the parameters to about half for the smaller TFs that I use - the 3000 tick chart.).

So far it seems to work great. I need to program and do some more automated back testing. But just wanted to let you know that there's broad applicability of the concept you have developed.

Thanks again for sharing this wonderful method.

Quoting lgtj
Hello yesbee1 and welcome to this thread. Whatever time your broker's new daily candle starts. My broker's new daily candle starts at 8 pm est which is the opening of the Tokyo session.
  • #453
  • Dec 11, 2009 12:49pm Dec 11, 2009 12:49pm
Quoting lostfx
Mrezot are you using exactly the identical setup as was originally put here for weekly / daily? thanks.
I am actually using the IMPROVED method now.

But yes, as laid out in post #1.

Instead of 4H-D-W , I'm using 1H-4H-D.

Good Luck and many pips lostfx!
  • #454
  • Dec 11, 2009 5:08pm Dec 11, 2009 5:08pm
Hi Lj,
Just curious. What does 20 slope indicator measure? I mean is it the rate of change of 20 ema or 20 sma? Thanks.
  • #455
  • Dec 11, 2009 5:44pm Dec 11, 2009 5:44pm
Never mind. I found the answer it is the HMA (Hull Moving Average) to smooth out the MA and then add color based on the change from previous bar (positive v.s negative). Thanks.

Quoting yesbee1
Hi Lj,
Just curious. What does 20 slope indicator measure? I mean is it the rate of change of 20 ema or 20 sma? Thanks.
  • #456
  • Edited 3:42am Dec 13, 2009 3:25am | Edited 3:42am
Hi Lg,
When your trading smaller time frames are you making any adjustments to the parameters?
Also this may be a basic question but, do you use any indicators for generating the various support and resistance lines? ( I am new to MT4).

Thank you.
  • #457
  • Dec 13, 2009 5:48am Dec 13, 2009 5:48am
Quoting yesbee1
Hi Lg,
When your trading smaller time frames are you making any adjustments to the parameters?
Also this may be a basic question but, do you use any indicators for generating the various support and resistance lines? ( I am new to MT4).

Thank you.
No, I don't change the parameters. I use the weekly pivot indicator (page 1 post 2) and the monthly pivot indicator (page 5 post 75) together on the smaller time frames.
  • #458
  • Dec 13, 2009 12:57pm Dec 13, 2009 12:57pm
Hi Lg,
Thanks a lot for your reply. Another basic question (please bear with me :-).

I am coming from futures market where I used mostly "limit orders " both for entries and exits. In Forex it seems mostly "stop market" (i.e. market price if touched) are used. Is this order type what you use for both entries and exits?

Thank you.

Quoting lgtj
No, I don't change the parameters. I use the weekly pivot indicator (page 1 post 2) and the monthly pivot indicator (page 5 post 75) together on the smaller time frames.
  • #459
  • Dec 13, 2009 1:15pm Dec 13, 2009 1:15pm
Quoting yesbee1
Hi Lg,
Thanks a lot for your reply. Another basic question (please bear with me :-).

I am coming from futures market where I used mostly "limit orders " both for entries and exits. In Forex it seems mostly "stop market" (i.e. market price if touched) are used. Is this order type what you use for both entries and exits?

Thank you.
Hello yesbee1. I'm not familiar with the futures market, but I place buy and sell stop orders for my entries and exits.
  • #460
  • Edited 4:25pm Dec 13, 2009 4:15pm | Edited 4:25pm
Hello

what about this short trade on eur/usd on weekly time frame ? At 1,4586..
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