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Weekly Trend Trading Method

  • #541
  • Jan 26, 2010 6:50pm Jan 26, 2010 6:50pm
well Mr E. your usdcad bull projection looks like a winner, jumed on that as day kicked over. I was a iffy on that one!. That was a very stronnng trend it broke! sure looks like a bull rally ahead.!




DUGLAS
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadbull+.gif Size: 28 KB
  • #542
  • Jan 27, 2010 1:00am Jan 27, 2010 1:00am
Quoting DuGGieFX
well Mr E. your usdcad bull projection looks like a winner, jumed on that as day kicked over. I was a iffy on that one!. That was a very stronnng trend it broke! sure looks like a bull rally ahead.!
Thanks DuGGie!

Yep, seems as soon as I left the terminal last night, USDCAD finally decided to decide a direction!

It jumped the trendline and didn't stop till it hit R1, then dropped right back down to the trendline.

It has now been slowly rising the past +10 Hrs.

I expect to see it "tag" the R1 again tonight... Let's see.... :nerd:

If I'm judging your entry right DuGGieFX, on your (post #541) chart, you're still holding on to that long for about +10 pips right now?

Hope this one holds up for you over night, if you ARE still holding.
Attached Image (click to enlarge)
Click to Enlarge Name: zooted usdcad (d) 1.27.10.gif Size: 20 KB
  • #543
  • Jan 27, 2010 1:17am Jan 27, 2010 1:17am
Here is a Daily USDJPY signal that I was able to pick up today....

(2x)Sell Stops placed @ the LOW of the previous day. (89.330)

Used the Lg-Fibo, placed TP's @ 40 and 80 pips, SL's place @ 80 pips.

As I mentioned before, I have my "80pip-target" lot on a 40pip TS.

This acts as an automatic breakeven move when your 50% TP is hit @ 40 pips.

Did anybody else happen to catch this one....

It was on DAILY so someone should have!!

Lets see it!
Attached Image (click to enlarge)
Click to Enlarge Name: zooted usdjpy (d) 1.27.10.gif Size: 25 KB
  • #544
  • Jan 27, 2010 1:19am Jan 27, 2010 1:19am
10.6 but whos countin! very nice observation. thats kinda what im seeing there as well R1 level ...definetly in a canadian lull for the night..kept my tp on r1. gonna b working allday tomarrow so if it dont hit it tonite il c profit while at the old ,,Just Over Broke...lol






duggie
  • #545
  • Jan 27, 2010 1:34am Jan 27, 2010 1:34am
really wish i woulda had something setup on that ...zoot if anyone found i figured it would b you lol.... i was able to catch it on retrace, milked 45 PIPS on 4h chart.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 19 KB
  • #546
  • Jan 27, 2010 2:06am Jan 27, 2010 2:06am


I noticed the potential set-up while on my lunch-break from the studio.

Was about the highlight of my day to be honest w/ you....

I can not say enough about how easy this system really is when you have gained an understanding of the rules and entries!

I saw the signal forming, waited til daily candle closed (5 P.M. my time), placed the Stop Order @ previous days LOW, went back to mixing.

Noticed that it had been filled a few hours later!

Now all there is to do............. wait for the TP!

And B.T.W. - @ this rate, looks like that USDCAD of yours will hit before you log-out.....Nice work!

I don't really see anything tonight that looks worth my while.

The D1 EURJPY just tapped the S2 so you might see it try to make up a little lost ground tonight. However, with its Weekly chart looking like it does, any longs are a little "Iffy" (IMHO) til we know if it has the 124.xxx or lower zone in its targets.

Just an observation.....

I'm off to bed now

Have a Good Night/Morning Guys!
  • #547
  • Jan 27, 2010 9:29am Jan 27, 2010 9:29am
Hi All, just try to wish all of the guru's that creating this lovely system.

Now, just trying to understand the system on Daily basis.Perhaps, any of my mistaken can be corrected and show the way to the right direction.
  • #548
  • Jan 27, 2010 9:39am Jan 27, 2010 9:39am
Quoting yust
Hi All, just try to wish all of the guru's that creating this lovely system.

Now, just trying to understand the system on Daily basis.Perhaps, any of my mistaken can be corrected and show the way to the right direction.
Hello yust and welcome to this thread. If you have any questions, feel free to ask.
  • #549
  • Jan 27, 2010 10:51am Jan 27, 2010 10:51am
I never got a signal on the Daily, did get one on the weekly which I took and so far 45 pips positive. I cross-checked the zoot settings and don't see a signal their either. Any ideas why some got a signal and others not..is there something to check?

Thanks

M
  • #550
  • Jan 27, 2010 1:04pm Jan 27, 2010 1:04pm
Quoting magou
I never got a signal on the Daily, did get one on the weekly which I took and so far 45 pips positive. I cross-checked the zoot settings and don't see a signal their either. Any ideas why some got a signal and others not..is there something to check?

Thanks

M
Hello and welcome magou!

Glad to see that your working on figuring out the system! Questions are GREAT in my mind.... means your actually TRYING!

I honestly do not know why you would have received a weekly signal and not the daily one as well?

Care to post a chart and we can work through it.... :nerd:

My daily candle rolls over @ 5p.m. here.

Since I had M.A.C.D. in my favor as well as the RSI, AND got my sell "Dot" few bars back), I placed my Sell Stop @ previous days LOW which was about 27 pips below the tested S1

I am very curious to see what kind of signal you DID get so I hope you have the time to post a chart or two so we can get ya straitn'd out!

Welcome aboard again and if you have anymore questions... Shoot!
  • #551
  • Jan 27, 2010 1:12pm Jan 27, 2010 1:12pm
Quoting Indrek
Hi,

Your setup is very interesting. I noticed that you have different AltrTrend settings for different pairs. How did you figure them out?
I would say that K 10, Kstop 0.1, Kperiod 150, PerADX 25 is a universal choice that can be used for any pair. Do you agree?
Thanks.
Good to see ya here Indrek!

The settings and TF's that I have chosen for the "Zooted" templates was simply a result of about 2 weeks no sleep! LMAO!

Just a trial and error of settings honestly. I decided to do different TF's since some of the pairs would move More/Less then others and I wanted to even them out a little.

I will tell you though, that is VERY close to one of my original settings I was testing!

Seems to be better for the higher TF's w/ those settings.

Glad to see your interested in the System/Indis!

Hope to see you around more often!
  • #552
  • Jan 28, 2010 12:22am Jan 28, 2010 12:22am
Hi Zoot - I have attached my chart ( I hope!). The only daily signal I had was 12 bars (days) back. Is this what perhaps you were referring to?

This brings up another question - how long after a signal would you still consider entering a trade, say if you missed a signal day (or for that matter a weekly signal)

Thanks for the help

Magou
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.JPG Size: 86 KB
  • #553
  • Jan 28, 2010 2:04am Jan 28, 2010 2:04am
Quoting magou
Hi Zoot - I have attached my chart ( I hope!). The only daily signal I had was 12 bars (days) back. Is this what perhaps you were referring to?

This brings up another question - how long after a signal would you still consider entering a trade, say if you missed a signal day (or for that matter a weekly signal)

Thanks for the help

Magou
Thanks for the chart Magou!

And yes, that would have been the START of the signal I took.

After a little review of your chart to mine I have found a VERY BIG difference between our P-Monthly Indi's outputs.

This is something that MUST be figured out!

In this system, we rely heavily on knowing these levels, way too much for an indi to be producing different results!

I will be looking into this and testing to see what the problem is, or if it's one of us in particular..... I'll post mine for you to compare as well Magou.

Moving on..... A VERY good question.... How long is a signal still valid?

Personally, I have differing opinions depending on the chosen TF, Pair, and amount of movement (pippage) that I missed.

More often than not though, if I miss it....I missed it and its off to the next...

I would definitely not be hoppin' into a daily signal if I didn't at least catch it the day after it went valid...and still.... this might be too late, so consider the pippage already missed as the profit you SHOULD have had, if the signal was caught on time.

I believe that people will have different opinions and ideas about the late-entry and the re-entry. This is another discretionary aspect that can only come with placing some trades and seeing what kind of trends, and movement, you catch regularly. This way, you have a better idea of what to expect out of each trade. In turn, you can then better tell how much movement you have MISSED on this trade.

Hope this helps Magoe. I know its not an "In stone answer", but not too many elements of Forex are written in stone...

Talk to you soon, and thank you again for your continued participation!
Attached Image (click to enlarge)
Click to Enlarge Name: zooted usdjpy (d) pivot error 1.28.10.gif Size: 21 KB
  • #554
  • Jan 28, 2010 2:20am Jan 28, 2010 2:20am
After a little closer comparison Magoe, :nerd: it looks like your P-Monthly did not update to the Jan levels......

Why or how this happened I do not know?

Let me know if you get this straitn' out......
  • #555
  • Jan 28, 2010 2:24am Jan 28, 2010 2:24am
Quoting magou
Hi Zoot - I have attached my chart ( I hope!). The only daily signal I had was 12 bars (days) back. Is this what perhaps you were referring to?

This brings up another question - how long after a signal would you still consider entering a trade, say if you missed a signal day (or for that matter a weekly signal)

Thanks for the help

Magou
Hello magou. Look at this daily chart of usdjpy. The valid signal was given on 1/12/10(red line). The horizontal line is where you would've placed your sell stop order (90.71). You would keep your order in place as long as the rsi, macd, and price action are still in agreement. According to this chart, the order would have been filled 3 days later on 1/15/10 (yellow line). In this example there was plenty of time to place your order. Your target would have been at the next support level 89.56. This would have been a successful 115 pip profitable trade. If you miss an entry, then let it go. Never chase the market because it will come back and bite you. I have been working on a re-entry method for this system that I plan to introduce soon. I'm still testing it, but so far the results are pretty good.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 38 KB
  • #556
  • Jan 28, 2010 2:35am Jan 28, 2010 2:35am
Quoting lgtj
Hello magou. Look at this daily chart of usdjpy. The valid signal was given on 1/12/10(red line). The horizontal line is where you would've placed your sell stop order (90.71). You would keep your order in place as long as the rsi, macd, and price action are still in agreement. According to this chart, the order would have been filled 3 days later on 1/15/10 (yellow line). In this example there was plenty of time to place your order. Your target would have been at the next support level 89.56. This would have been a successful 115 pip profitable...
Swingin in with a spot-on example for ya Magoe!

Just so ya know Magoe... Lgtj makes PERFECT entries in this system look easy!

Take note though of how easy it CAN BE!

Hope all is going well Lg, look forward to comparing some of our NEW ideas!

Make sure you have your PM enabled...
  • #557
  • Jan 28, 2010 2:46am Jan 28, 2010 2:46am
Quoting Mrezoot
Swingin in with a spot-on example for ya Magoe!

Just so ya know Magoe... Lgtj makes PERFECT entries in this system look easy!

Take note though of how easy it CAN BE!

Hope all is going well Lg, look forward to comparing some of our NEW ideas!

Make sure you have your PM enabled...
Things are going ok so far. I've made +400 pips so far this week with my new system, but I gave some back. Still in test mode though.
  • #558
  • Jan 28, 2010 12:52pm Jan 28, 2010 12:52pm
welll i woke up feelin a lil wild and messed w the gbp/jpy. very glad i did.... was able to bank 140 pip on her, anybody else catch that?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 20 KB
  • #559
  • Jan 28, 2010 1:00pm Jan 28, 2010 1:00pm
Quoting DuGGieFX
welll i woke up feelin a lil wild and messed w the gbp/jpy. very glad i did.... was able to bank 140 pip on her, anybody else catch that?
Unfortunately I was away for that one!

Looks like you got enough pips off it for both of us though! LOL!

Very nice DuGGie, now w/ a banked trade like that, I would just close the GBPJPY chart for the day!
  • #560
  • Jan 28, 2010 1:03pm Jan 28, 2010 1:03pm
Quoting DuGGieFX
welll i woke up feelin a lil wild and messed w the gbp/jpy. very glad i did.... was able to bank 140 pip on her, anybody else catch that?
Very nice Duggie. What time frame was it on? Your chart doesn't show the time frame and pair.
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