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Weekly Trend Trading Method

  • #501
  • Edited 5:23am Jan 23, 2010 5:22am | Edited 5:23am
Hello Mrezoot

I certainly agree with you regarding the higher time frames and less screen time.

I have been trying to get up to speed on this thread....I think I have the hang of it ....so to speak.

Can you please post the indi you use that is "different signal indi than the 2ma" (is it the indi that creates the red and green dot on your screen?)

Has the two tone filter you speak of been posted?

I like to keep things as indicator free as possible.....but I would like to play with the two indicators I am asking about

Many thanks for your posts and obviously to to the fellow who created this thread

best wishes

PGPB
  • #502
  • Jan 23, 2010 8:10am Jan 23, 2010 8:10am
Quoting Mrezoot
In the nature of all things, one can never leave "good enough" alone.

I have been using this system since the birth of this thread, which has not been THAT long (round 3 1/2 months) and all the while, making consistent profits even when my other systems were falling a little more "miss" than "hit".

I stuck in here and started to realize a common trait amongst "Pro" traders.

THEY DON'T SPEND EVERY MINUTE OF EVERY DAY IN FRONT OF A SCREEN!

The BIG money is in the BIG movements... which are on BIG TF's!

* I will here acknowledge...
Thank you for your comments and your contributions to this thread. I like your new set up also. I'll pop in from time to time and post possible set ups. I'm currently forward testing another system that I'm working on that is more profitable than this one. But the concept is still the same. I made +500 pips this week alone with my new system. The amazing part is that this is the first week that I've tested my new system. Continue to post your charts and keep this thread alive because you understand how to trade this system. Thanks.

lgtj
  • #503
  • Jan 23, 2010 8:13am Jan 23, 2010 8:13am
Quoting pgpb
Hello Mrezoot

I certainly agree with you regarding the higher time frames and less screen time.

I have been trying to get up to speed on this thread....I think I have the hang of it ....so to speak.

Can you please post the indi you use that is "different signal indi than the 2ma" (is it the indi that creates the red and green dot on your screen?)

Has the two tone filter you speak of been posted?

I like to keep things as indicator free as possible.....but I would like to play with the two indicators I am asking about

Many thanks for...
Hello pgpb and welcome to this thread. If you have any questions or comments, please feel free to post. We'll be happy to help you get up to speed.
  • #504
  • Jan 23, 2010 1:30pm Jan 23, 2010 1:30pm
Quoting pgpb
Hello Mrezoot......

Can you please post the indi you use that is "different signal indi than the 2ma" (is it the indi that creates the red and green dot on your screen?)....

Has the two tone filter you speak of been posted?....

PGPB
Thank you and welcome to the thread Pgpb!

I really appreciate your interest in my improvements!

I believe that people learn better using their own deductive reasoning, as opposed to blindly following a set of rules put forth. This is simply because they do not yet know WHY that is a rule!

So in that nature I will post the indis and temp's.

With this system (Lgtj) I noticed that some of the pairs gave more/less signals that others. I began to attribute this to each pairs different tendencies and having its own "personality".

If you have spent ANY amount of time watching the screens, this is common sense to you now. Noticing this lead me to create a template for EACH pair and its optimized TF, IMHO. (I only will post 6 now with more to come)

I will AGAIN reiterate the fact the I have not CHANGED this sytem!

These are modifications and TF's that I use to make more clear, sound calls.

The pack will be zipped with the O.P. screen name as the P.W. (All CAPS)

This is a very small step that I think may prevent many lazy non-readers from swipping. (Swipper NO Swipping!)

Moving on....

The RSI filter @ the bottom of the screen has been set to 8. This was the original setting as Lgtj. This simply tells you when the signal is over the 50 w/ Green or Red.

The "dot" signal indi is a trending indi that is easily found with a little work. This indi is where the MAIN difference in the templates and TF's are shown.

As long as you have a "loose" grasp on the original set-up, this one will be much easier to read I believe. Just take the templates, the rules, and plug them in as best you can to backtest! The beauty of the P-Monthly is that the previous months levels remain so your backtesting w/ respect to pivots and S/R.

I am glad to see that you are trying to grasp this concept Pgpb!

Stick w/ it... Lg once told me that the patience would eventually pay off....

He was right........

Quote
I'm currently forward testing another system that I'm working on that is more profitable than this one. But the concept is still the same.

Lg has stated that he is testing a new method @ the time.... as am I

One with direct methods implemented in this thread. As progress continues I will keep all posted, i'm sure Lg will as well.

If you still have ANY questions, please, post them and take the time to learn!

Remember.... we all started @ the same place.... somebody telling us about FX...

Now lets learn to get there together!
Attached File(s)
File Type: zip Zooted LGTJ.zip   27 KB | 503 downloads
  • #505
  • Jan 23, 2010 5:59pm Jan 23, 2010 5:59pm
Mrezoot,

I have recently commenced working my way through this most interesting thread. Coming finally to your last post.

I attempted to open the zip file containing your indicator files,etc., but found that each of them was password protected.

I am not sure whether these files are only available by contacting you and asking for the password.

Many thanks for your support of this thread and your generous amounts of information.

Regards,
KeithN
  • #506
  • Jan 23, 2010 7:13pm Jan 23, 2010 7:13pm
Let me first say....

Welcome KeithN to the thread I am very glad you have stumbled upon it!

I don't mean to sound harsh or to discourage you from perusing this system.

I did however already give the password.

For this reason I will not be providing the P.W. anywhere else in the thread.

You seem to have noticed the thread, and said you have worked your way through it. Props!

My only recommendation now is to re-read some of MY post.

I DO NOT CONDONE IN HAND-ME-OUTS!

It will only take a SMALL amount of reading to acquire....

As I said this is NOT to discourage you...

Just to make those newcomers do a VERY LITTLE bit of required diligence!

It takes initiative to succeed here (Forex)... so I am making those newcomers take it!

It will be WELLL worth it...

Pgpb...I would assume that with your careful reading you have what you asked for.... Hope it helps!

Talk to you soon!

Keep the questions coming!
  • #507
  • Jan 23, 2010 7:25pm Jan 23, 2010 7:25pm
Mrezoot,

I am humbled. Also I shall change my spectacles and ensure I do not warrant another scolding!

KeithN
  • #508
  • Jan 23, 2010 7:25pm Jan 23, 2010 7:25pm
Quoting Mrezoot
Let me first say....

Welcome KeithN to the thread I am very glad you have stumbled upon it!

I don't mean to sound harsh or to discourage you from perusing this system.

I did however already give the password.

For this reason I will not be providing the P.W. anywhere else in the thread.

You seem to have noticed the thread, and said you have worked your way through it. Props!

My only recommendation now is to re-read some of MY post.

I DO NOT CONDONE IN HAND-ME-OUTS!

It will only take a SMALL amount of reading to acquire.......
I am set....thanks.....I certainly agree with encouraging folks to read the whole thread.....I have participated in another thread and got very tired of folks coming in and asking questions that would have been answered if they had read the thread.
Anyways....just a short thanks....got the indi's
One thing that I usually do when I read a thread is, I see who the main contributors are...and then make a study of their posts.
I will be back in a few days....I am excited about finding this thread

PGPB
  • #509
  • Jan 23, 2010 8:25pm Jan 23, 2010 8:25pm
Quoting pgpb
I am set....thanks.....I certainly agree with encouraging folks to read the whole thread.....I have participated in another thread and got very tired of folks coming in and asking questions that would have been answered if they had read the thread.
Anyways....just a short thanks....got the indi's
One thing that I usually do when I read a thread is, I see who the main contributors are...and then make a study of their posts.
I will be back in a few days....I am excited about finding this thread

PGPB
Great Pb! I'm so glad that others agree in my motive in PW protection!

I believe that it will only benefit those who could use the help most. Also for those who could use to learn a few basics.

If you can't find it.... You don't need it yet.

I am posting this from the BlackBerry, but I HAD to give a thanks to Pb! Way 2 do your homework!

I will touch a few more topics when I get back to my station.

Thanks again everybody for your support!

Talk to you all soon!
  • #510
  • Jan 23, 2010 8:38pm Jan 23, 2010 8:38pm
Quoting KeithN
Mrezoot,

I am humbled. Also I shall change my spectacles and ensure I do not warrant another scolding!

KeithN
While I encouraged u to re-read, I hope that I did not come off as abrasive!

I simply believe that these improvments cannot be truely appreciated until the foundation is traded solid.

These improvents were made out of experience in the set up.

I HIGHLY recommend loading the original setups and side-by-side them to see WHY I did the modifications I did.

PLEASE stick it out Keith! You will thank yourself later..... I sure do! Lmao!
  • #511
  • Jan 23, 2010 8:40pm Jan 23, 2010 8:40pm
Quoting KeithN
Mrezoot,

I am humbled. Also I shall change my spectacles and ensure I do not warrant another scolding!

KeithN
While I encouraged u to re-read, I hope that I did not come off as abrasive!

I simply believe that these improvments cannot be truely appreciated until the foundation is traded solid.

These improvents were made out of experience in the original set up.

I HIGHLY recommend loading the original setups and side-by-side them to see WHY I did the modifications I did.

PLEASE stick it out Keith! You will thank yourself later.. I do!
  • #512
  • Jan 24, 2010 2:33am Jan 24, 2010 2:33am
Quoting Mrezoot
While I encouraged u to re-read, I hope that I did not come off as abrasive!

I simply believe that these improvements cannot be truly appreciated until the foundation is traded solid.

These improvements were made out of experience in the original set up.

I HIGHLY recommend loading the original setups and side-by-side them to see WHY I did the modifications I did.

PLEASE stick it out Keith! You will thank yourself later.. I do!
First, let me know when you get it Keith (PW), so I know who's up to speed!

Look forward to hearing from you and your experiences w/ this.

I hope that the required reading has provided you with a little more knowledge than you had before in the workings of this system.

I will say once again....

If you are NEW to the thread, First off...... WELCOME!

Now, I recommend beginning with the original template and set-ups. (As per post #1)

Listen and follow Lgtj's rules and learn from the examples that have been laid before you in this thread.

There are a few things to learn here about S/R and Pivot respect. (This is the only "discretionary" aspect of the system, in my mind) If you are comfortable using and interpreting S/R and Pivots, this will be nothing new to you. Just acknowledge them as you have and your off to the races!

If this IS new stuff to you, (S/R, Pivot's), DON'T FORCE IT!

Keep the P-Monthly indi on your charts and just take notice of the ways that it interacts w/ the different S/R levels.

*One of my biggest beginner mistakes was putting too much trust in S/R and Pivots that had been posted and plotted on other "Signal" sites.

Yes EURUSD is @ a S2 level, but NO, that does NOT mean that the price is REQUIRED to turn around because its at a known support!

Not that simple I'm afraid! That is what cost me sooo much in the beginning! So......... I decided I needed to learn how to plot and use my own damn S/R lines and levels!

IMHO you cannot just "up-n-learn".... S/R, Pivots, Fibo, Gann...any of these.

These are things that must work their way into your trading subliminally.

I believe, that when you are READY to study, learn, and implement these forms of analysis, YOU will know!

And you will more than likely already be doing it, in some manner.....

You will begin to draw an "imaginary" middle line that price closes above and below...(Your Pivot)

Then one day you notice "Hey, It didn't go any higher than 1.3700 last month...Looks like a time to sell!" (Your S/R)

All of these things in hind sight seem like common sense. That's O.K....It hit me that hard too!

All I can advise is to not FORCE or RUSH ANY part of this thread!

When you are comfortable w/ the original set-up, give my spin on the set-up a shot!

I just ask to please UNDERSTAND the original set-ups and rules before even trying the new Zooted version!
You might not know what your looking for yet!

I will not answer questions that have already been answered by the original systems rules! (i.e. THIS THREAD!!!)

The system was originally designed to look @ (place trades) once a day! SO SLOW DOWN AND TAKE YOUR TIME!

The Market will still be here AFTER you learn this system! I promise!

I really look forward to seeing some of the new traders progress and their twists on it....
as it is the nature of things...... adapt!

Sry for this very long blerb,

I'm just trying to lay down a few pointers so any NEW followers will be up to speed and can participate in some of the new testings and help share results!

I would bet money, being this late, that I have left something out of this (way too) long post that SHOULD have been here.... we will leave that for tomorrow!

Always here for questions!
  • #513
  • Jan 24, 2010 8:27am Jan 24, 2010 8:27am
Hi mr and all the new members to the thread. Happy new year to you all.

Thank you for your continued input mr, I will look at the new improvements you have made, I have been using the second version of the setup since it came out where we went from 2 trend slope indicators to 1.

I've been trading this system mechanically since its release using a fixed 1:1 r/r and taking every signal that triggered according to the rules and its been a solid winner on GBP/USD and EUR/YEN (im sure all the other pairs work i just haven't had time to backtest the other 11 pairs yet).

What kind of style do you employ mr. ? Just taking signals that are valid but have enough space to run to the pivots / ma's ?

Thanks
  • #514
  • Jan 24, 2010 8:48am Jan 24, 2010 8:48am
Heyday!

Is there anything to correct?

Thanks a ton for your feedbacks.

Kindest regards
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY, Daily, 2010 January 24.jpg Size: 135 KB
Attached File(s)
File Type: tpl weekly_trend_trading_method, white.tpl   5 KB | 337 downloads
  • #515
  • Jan 24, 2010 11:52am Jan 24, 2010 11:52am
Quoting kaaea
Hi mr and all the new members to the thread. Happy new year to you all.

..... I have been using the second version of the setup since it came out where we went from 2 trend slope indicators to 1.

I've been trading this system mechanically since its release using a fixed 1:1 r/r and taking every signal .....

What kind of style do you employ mr. ? Just taking signals that are valid but have enough space to run to the pivots / ma's ?

Thanks
I believe that this might just sum it up.

In order to find my projected TP and SL I use the Fibo tool as laid out by Lg in post #20.

Which works out to be 1:1 R/R

If I have plenty of headroom before encountering a pivot or S/R I will take that valid signal.

Along with the other recent improvements, I stared to place x2 positions on open, so that one can be cut for banked profit @ the 50% TP line.

Good to see you here again kaaea! Glad to see your still participating!

Any other questions please feel free to ask!
  • #516
  • Jan 24, 2010 12:05pm Jan 24, 2010 12:05pm
Quoting Forexcube
Heyday!

Is there anything to correct?

Thanks a ton for your feedbacks.

Kindest regards
Hello Forexcube and welcome!

My only recommendation w/ your set-up is to use the P-Monthly indi when using the daily charts.

Your chosen indi, weekly, was mis-posted by Lg in #2. The correct monthly version is in post #75.

This will give you a more accurate reading of the S/R and pivots for your TF.

As far as I can tell otherwise, you have the original set-up perfect! :nerd:

With a little bit of testing (Back/Forward), you will begin to recognize the set-ups of a valid signal.

Good luck and please feel free to ask ANY questions you may have!

And again...welcome aboard!
  • #517
  • Jan 24, 2010 5:06pm Jan 24, 2010 5:06pm
LG wow thanks for an awesome thread.....bottom line! its awesome, a thread that people are actually helping eachother out, cuz thats what it is all about in my mind. just letting you know ive learned alot and alot from Mr.EZoots gospel!!! youguys have came up w a very laid back system for people who dont have all day to trade....just gonna say keep on the good work..plan to see results on system tonite, keep yall informed.



dug
  • #518
  • Edited 10:52pm Jan 24, 2010 6:03pm | Edited 10:52pm
Quoting DuGGieFX
LG wow thanks for an awesome thread.....bottom line! its awesome, a thread that people are actually helping eachother out, cuz thats what it is all about in my mind. just letting you know ive learned alot and alot from Mr.EZoots gospel!!! youguys have came up w a very laid back system for people who dont have all day to trade....just gonna say keep on the good work..plan to see results on system tonite, keep yall informed.



dug
Thank you so much for your support DuggieFX!

I too feel very privileged to exchange ideas w/ such a friendly and helping group of traders!

I have been seeing quite a few NEW members here recently, this is a good sign to me that the system is somewhat easy to grasp. Even for those that are fairly new to FX.

I look forward to helping all of the new followers learn the ropes of the original setup.

As each prove to understand the basis of that system, we can move on to look @ some of my chosen improvements to the original.

We are in NO hurry.

And I WILL NOT rush.

I encourage others to post some of their screens this week. This might also help some of the new followers, to see some other colored screens and templates.

Were here to learn..... So don't be afraid to ask ANYTHING!

Always glad to see a new follower!
  • #519
  • Edited 11:30pm Jan 24, 2010 11:10pm | Edited 11:30pm
just wanna give youguys a big hand of applause.... ive been working allday today but in my time offf ive been able to backtest and alil forward testing... Zoot, your off to a good roll w this system, ive read thru this thread and seen all the improvements and it is awesome... ooooooh whats that!!! a red ball,SELL!!..... A blue ball, BUY!!.... PrETTY SIMPLE STUFF!!. and this doesnt have to b rocket science to make money, its just finding the system that works and guyyys ive been trading sonic for a while and this is an awesome addition if you know how to play around but stand alone if your just trying to come and check on some good daily trades ,,awesome system..

thanks lg and zoot
keep on keepn on!!



dug
  • #520
  • Jan 25, 2010 12:13am Jan 25, 2010 12:13am
Well this week did not open with much of anything worth talking about...

Most of the pairs I laid out in "Zooted-Lgtj" are still hovering around S/R or a Pivot and not showing much certainty of a direction. I am still, personally, a little unsure of how to take the EURs and GBPs @ this moment with all of the recent "out-of-norm" events. So I am patiently on the sidelines w/ them until I feel a lil' more comfortable w/ their action and direction.

BUT THATS OK!

We don't have to FORCE trades here... They come to us!

I do want to point out tonight the USDCAD H4 template I provided.

We are still as of now, about 30 pips above the pivot. The last (3) H4 bars have shown downward movement. As well, 2 of our MACD bars are now showning RED. Things are starting to go our way on the H4.

While the Daily chart shows our "Slope" about to cross UP over the 50 SMA, price is seeming to have respected the downward resistance line and looks to be turning around. If the downward force can push it through the pivot, I believe we could easily see 1.04000 on this move.

The weekly chart also shows the overpowering downward trend.

This trade IS NOT valid yet. I am just bringing to attention how the pieces fall into place. At this rate, in the next 8-16 hrs it may break the pivot and be on its way south again.

Since there is a factor of uncertainty where the price will go....
(Especially when we leave our terminal...LMAO!)

We will be relying on Buy/Sell stops for our orders. This keeps us from getting into positions before the trend is fully developed and moving.

In the case of the USDCAD I might be looking to place my Sell Stop @ around 50 pips below the pivot (Some might feel comfortable w/ it even closer) . Using the Fibo tools for TP and SL.

Hope this helps some folks, a recent example of a forming signal.

This week should still have PLENTY of interesting signals... so lets go through this together!

Lets have a productive week!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: zootstation 1-24-10.gif Size: 73 KB
Click to Enlarge Name: zooted usdcad daily 1-24-10.gif Size: 28 KB
Click to Enlarge Name: zooted usdcad h4 (2) 1-24-10.gif Size: 21 KB
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