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  • #1,461
  • Apr 8, 2010 3:14am Apr 8, 2010 3:14am
Quoting stratman
In this video I explain choosing a moving average type and period ... I get asked what to use ... lots

I also explain how to look for best low draw-down entries and where to place your stops.

http://www.youtube.com/watch?v=1p7e_tKotw8
Hi stratman,

Very good video about MA's and trendlines, but you chose only these ones that gave us positive trades. I market on chart other trendlines that also looks to be right ones but these trades could be loosers.
We have here a nice downtrend so it is easier to get some good trades. Also drawing trendlines when price is moving is much more difficult than drawing them on past charts.

Any advices how to draw trendlines correctly?

Attached Image (click to enlarge)
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  • #1,462
  • Apr 8, 2010 4:44am Apr 8, 2010 4:44am
In the skype room we talk about them live because we are in real-time chat.

All the ones you have drawn are valid and yes some will be losers. I teach more in my skype room about managing these with appropriate stop loss and money management.

This is only the first steps in my full strategy ie this MA part is only one part.

Quoting Delta
Hi stratman,

Very good video about MA's and trendlines, but you chose only these ones that gave us positive trades. I market on chart other trendlines that also looks to be right ones but these trades could be loosers.
We have here a nice downtrend so it is easier to get some good trades. Also drawing trendlines when price is moving is much more difficult than drawing them on past charts.

Any advices how to draw trendlines correctly?

Attachment
  • #1,463
  • Apr 8, 2010 4:54am Apr 8, 2010 4:54am
Regardless of Win/Loss and Risk/Reward ... I aim for 2% profit per trading day based on 40 pips .. I risk 0.5% per 10 pips.

This MA thing is only one part of my strategy ... there are other pieces to add. What I'm showing here is that people can be profitable using just this part of my strategy without all the other bells and whistles.

There is not enough data to get conclusive results for Win/Loss and R:R. I have only 'stripped back' my strategy for about a week ie I am trading only what I have taught so far ... not using the full strategy.

But I'll have a go at some figures for you. Hit rate is extremely good 60-80%

Risk reward is awesome. The usual 'good' entry has a pull back of 6-7 pips and I am taking more than 18 pips average so guess it's at least 1:3 R:R.


Quoting rogerdoger
hi stratman, can i ask what kindof hit rate and R:R you are getting with the wma method trading ej and gu?
  • #1,464
  • Apr 8, 2010 5:09am Apr 8, 2010 5:09am
Don't think I answered all your questions.

"but you chose only the ones that gave us positive trades" .. yes because that's what we want ... positive trades ... there are ways to filter out the bad trades and reduce losses .. I haven't gone into that yet.

"have here a nice downtrend so it is easier to get some good trades" .. yes that's right .. if the moving averages are flat .. there are other things to help .. I haven't taught that yet.

Quoting Delta
Hi stratman,

Very good video about MA's and trendlines, but you chose only these ones that gave us positive trades. I market on chart other trendlines that also looks to be right ones but these trades could be loosers.
We have here a nice downtrend so it is easier to get some good trades. Also drawing trendlines when price is moving is much more difficult than drawing them on past charts.

Any advices how to draw trendlines correctly?

Attachment
  • #1,465
  • Apr 8, 2010 5:49am Apr 8, 2010 5:49am
It would be so easy to give up doing this ... particularly when I get criticism for what I do here ...

I really dislike being in the commercial section of forex factory ie it was not my choice to be classified as a commercial member.

Being a commercial member has huge disadvantages... I can't post in any public areas of this site .... there are many times I wish I could and people expect this thread to be some kind of marketing exercise.

I dedicate a lot of time writing this thread and doing videos. Yes I can sell you a product ... it's very useful but it's not the focus of this thread. My focus is on teaching people to become profitable traders without the need to spend $5000 to some greedy mentor or $60-$100 per month to a trading room.

I'm about karma .. what goes around comes around. If I teach you .. and you become wealthy because of it .. maybe you will be so thankful that you might donate some money to help me continue this work

btw, I easily earn 2% on my equity every trading day but my trading capital is not large enough for me to live off .. so I can't classify myself as a full-time trader. Dashboard sales only cover 25% of the time spent helping everyone here. The rest of my income is from the occasional donation from thankful traders and contract programming work outside of forex.
  • #1,466
  • Apr 8, 2010 7:33am Apr 8, 2010 7:33am
Hi stratman


I am just reading the Skype post today and i want to say thank you
I have tried so many forex info on the internet and now finely you are the {real deal} with db and so much help
I have being trying to trade for the last year and getting nowhere lost a lot of money
I have your Skype open every day i would not be the fastest typeing I just try to take it all in. when you said you only trade ej and gu that was a light bulb moment for me I have been looking at 8 charts going man
It will take some time but with your help, I will trade the right way.
Once again thank you, Thant you

Regards deotoknow
  • #1,467
  • Apr 8, 2010 10:34am Apr 8, 2010 10:34am
Rob, thank you so much for teaching the MA trade method and providing the template for the dashboard. Had 2 straight winners last night of 10 and 15 pips. Not a lot by some standards, but having consistently lost for so long these felt good and were a breeze to trade. And I just knocked them out one after another. They were Longs on USDCHF as it broke trendline near the MA. Could have taken more on second trade, but happy to grab 15 with no sweat. I have a US broker which requires a higher margin, so I don't trade the GU or EJ, but thanks for calling out your setups which have served as great examples to follow.

Many thanks also to deano and Bodhistu for the post-mortums on my bad trade. This has helped my confidence for trades in future.
Attached File(s)
File Type: doc UCHF4710.doc   115 KB | 453 downloads
Follow the money --Mark Felt (Deepthroat)
  • #1,468
  • Apr 8, 2010 12:03pm Apr 8, 2010 12:03pm
Quoting stratman
If you followed the videos, you would have made serious pips on EJ during this session.

I made 136 in one single trade. I could have made more if I exited earlier and re-entered at each opportunity (yellow lines)

EDIT: prior to this I had already 'locked in' my 40 pip target for the day so 176 for the day

Attachment

and here's the live account (for any skeptics )

Attachment
Hi Rob,

Wd on the pips, did you trail your SL down as the move continued and if yes can you please explain how you did so.

many many thanks for all your hard work here, on skype and programming the indicators...

cheers

Grant
  • #1,469
  • Edited 3:29pm Apr 8, 2010 3:15pm | Edited 3:29pm
Hi Stratman, you are a great coder, never mind about criticisms - maybe there are a lot of people looking for a real coding club - these days I want to see the statistics myself before I believe in what I get told about some strategy. What I would like to have is an affordable Coding Club for Trading systems and programming ideas exchange - because I want to be able to read the code and see the statistics before I trade any blackbox type of system - maybe this fits into your plans ... and I have not heard about a MT4 Coding Club yet. Would be great to learn coding from you anyway. Almost 3 years after starting out in the markets, trading is more and more a very complex IT-Project in my humble view - and professional project management concepts and rules have to get applied to succeed - I have not seen any trading advisory yet that combines trading with PM - maybe we can start it here on FF or pipware ... I also got a site called www.forexmayors.com, but have notupdated it for ages. Maybe you have some good ideas for me? Thanks for the excellent work anyway - and keep it it up. Cheers - Hannes
Quoting stratman
It would be so easy to give up doing this ... particularly when I get criticism for what I do here ...

I really dislike being in the commercial section of forex factory ie it was not my choice to be classified as a commercial member.

Being a commercial member has huge disadvantages... I can't post in any public areas of this site .... there are many times I wish I could and...
  • #1,470
  • Apr 8, 2010 3:40pm Apr 8, 2010 3:40pm
I had already made more than my target of 2% for the day ... in fact it was 4%. This trade was a little experimental as I risked 2% for 10 pip stop. So I could afford to leave my stop close to that 2% risk. If I lost it, I still had my target for the day.

If I was watching and managing the trade, I would have likely exited earlier. When I got up in the morning, it had done 136 pips so I exited.

With 2% per 10 pips I made a staggering 27% increase to my account. Shame my account isn't very large but it was a personal best.

NOTE: I am not suggesting people risk this amount. I typically risk 0.5% per trade (10 pip stop). Every 20 pip trade makes me 1% .. .so my target of 40 pips is 2% increase in equity.

Sometimes when I exceed my target, I will experiment with higher risk ... but 'locking in my target profit of 2%


Quoting grant18265
Hi Rob,

Wd on the pips, did you trail your SL down as the move continued and if yes can you please explain how you did so.

many many thanks for all your hard work here, on skype and programming the indicators...

cheers

Grant
  • #1,471
  • Apr 8, 2010 3:42pm Apr 8, 2010 3:42pm
Nice entries ... well done.

Quoting longfellow
Rob, thank you so much for teaching the MA trade method and providing the template for the dashboard. Had 2 straight winners last night of 10 and 15 pips. Not a lot by some standards, but having consistently lost for so long these felt good and were a breeze to trade. And I just knocked them out one after another. They were Longs on USDCHF as it broke trendline near the MA. Could have taken more on second trade, but happy to grab 15 with no sweat. I have a US broker which requires a higher margin, so I don't trade the GU or EJ, but thanks for calling...
  • #1,472
  • Apr 8, 2010 9:01pm Apr 8, 2010 9:01pm
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  • Apr 8, 2010 9:02pm Apr 8, 2010 9:02pm
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  • Apr 8, 2010 9:02pm Apr 8, 2010 9:02pm
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  • Apr 8, 2010 9:02pm Apr 8, 2010 9:02pm
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  • #1,477
  • Apr 9, 2010 5:39am Apr 9, 2010 5:39am
Hey stratman...

As i trade mostly on eurusd-gbpusd and udjpy, i wanted to tell u that i backtested your "breaking trendline" system that u showed couple of days ago and it worked for me quite good.

And don't mention too much about people who complain... Forex is sacrifice, studying, trial and error. There will always be people who get mad at u because with your system they didn't make a lot of money, and in a very short time

Again... keep up with your videos and system... i am one of those who really follow and appreciate it!

Cheers

Dario
I don't want a job, i want money!
  • #1,478
  • Apr 9, 2010 5:51am Apr 9, 2010 5:51am
cheers Dario

Quoting dario1002
Hey stratman...

As i trade mostly on eurusd-gbpusd and udjpy, i wanted to tell u that i backtested your "breaking trendline" system that u showed couple of days ago and it worked for me quite good.

And don't mention too much about people who complain... Forex is sacrifice, studying, trial and error. There will always be people who get mad at u because with your system they didn't make a lot of money, and in a very short time

Again... keep up with your videos and system... i am one of those who really follow and appreciate it!

Cheers

Dario...
  • #1,479
  • Apr 9, 2010 6:34am Apr 9, 2010 6:34am
Great work stratman, look forward to more video's..

Rebel
  • #1,480
  • Apr 9, 2010 5:24pm Apr 9, 2010 5:24pm
Hi guys, I am not recommending a trade strategy here (Stratman is already doing an excellent job of that for us incrementally), but I wanted to show a pic to expand on Strat's recent vid on the Asian breakout. Below is the GU, H1, for the last week showing the extremes of the price swings away from the Asian session box each day. I am defining the Asian session here as NY close to London open, which is a bit different than Strat's (just a personal preference of mine).

Red box = Asian session
Yellow box = London session

This is a fairly typical week for the GU. Again, this is just for information.
Attached Image (click to enlarge)
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