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Trend Follower 5 Minute System

  • #3,481
  • Edited 2:36am Jul 6, 2010 2:24am | Edited 2:36am
Thanks everybody.

I opened a long position.Hit the SL again, but again it went north at eurusd at 1H chart ( I am trying different TF , 5Min,30 Min, 1H )
I attached the chart
I think the problem is that i can not determine the SL. Any idea how can we determine the SL in this chart?
EUR/USD position opened 05.07.2010 at 19:00 (GMT+2)
price =1.2540 , SL = 1,2480, TP = 1,2616
Attached Image (click to enlarge)
Click to Enlarge Name: b.jpg Size: 180 KB
  • #3,482
  • Jul 6, 2010 9:13am Jul 6, 2010 9:13am
I opened a postion on AUD/USD at 5min TF , 13:10 GMT+1,
Price was 0.8485, SL 0.8468, TP 0.8507 +22 Pips

I think i have to work on this system it is nice,
That's the chart,
Attached Image (click to enlarge)
Click to Enlarge Name: b.jpg Size: 174 KB
  • #3,483
  • Jul 6, 2010 1:47pm Jul 6, 2010 1:47pm
Quoting nicotine
Thanks everybody.

I opened a long position.Hit the SL again, but again it went north at eurusd at 1H chart ( I am trying different TF , 5Min,30 Min, 1H )
I attached the chart
I think the problem is that i can not determine the SL. Any idea how can we determine the SL in this chart?
EUR/USD position opened 05.07.2010 at 19:00 (GMT+2)
price =1.2540 , SL = 1,2480, TP = 1,2616
I opened that long on EU, and my sl hit, too :-( The price action generally weak at European lunch-time. I decided I didn't open position between GMT 12.00-13.00.
  • #3,484
  • Edited 4:29pm Jul 6, 2010 2:47pm | Edited 4:29pm
When trading this method, I tend to use ATR calculated stops. Since the ATR is a good measure of the volatility.

For your particular entry a Sl of 50 would have been okay to start and then monitor as the trade progress..

Lots of ATR calculators around.

I use the THV InfoPanel (Since I use the THV method also)

http://img689.imageshack.us/img689/6...1007062245.png
  • #3,485
  • Jul 7, 2010 6:10am Jul 7, 2010 6:10am
There Was a good signal which i missed today. Maybe i can not take the trade because of the time. Signal occoured before 15 min EU open. BUt the other rules are OK. (such as laguerre,MACD,rainbow etc.)
Here is the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: a.jpg Size: 143 KB
  • #3,486
  • Jul 7, 2010 6:12am Jul 7, 2010 6:12am
Quoting Tread
When trading this method, I tend to use ATR calculated stops. Since the ATR is a good measure of the volatility.

For your particular entry a Sl of 50 would have been okay to start and then monitor as the trade progress..

Lots of ATR calculators around.

I use the THV InfoPanel (Since I use the THV method also)

http://img689.imageshack.us/img689/6...1007062245.png
is the any link for THV info panel, ATR calculator ??
  • #3,487
  • Jul 7, 2010 7:34am Jul 7, 2010 7:34am
See

http://www.forexfactory.com/showpost...ostcount=19032
  • #3,488
  • Jul 7, 2010 7:54am Jul 7, 2010 7:54am
Quoting Tread
See

http://www.forexfactory.com/showpost...ostcount=19032
Thanks
  • #3,489
  • Jul 7, 2010 9:45am Jul 7, 2010 9:45am
Today there's a good signal on USDCHF at 15:45 in 5min Chart. Also there is a signal at 13:00 in 1Hour Chart.It confirmed our signal very well.And there is no upcoming news.So I Made +35 pips. That's the charts...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a.jpg Size: 138 KB
Click to Enlarge Name: b.jpg Size: 204 KB
  • #3,490
  • Jul 7, 2010 5:35pm Jul 7, 2010 5:35pm
There was a signal today on USDCAD at 19:05 5min TF,
I made +25 pips
Here is the chart,
Attached Image (click to enlarge)
Click to Enlarge Name: b.jpg Size: 161 KB
  • #3,491
  • Jul 13, 2010 6:45am Jul 13, 2010 6:45am
Very good signal on GBPUSD today,
I opened a long position GBPUSD at 14:21 (GMT+2) at price 1.5090,
SL : 15066, TP : 1.5117 . I made +27 pips only in ten minutes.
That's the chart
Attached Image (click to enlarge)
Click to Enlarge Name: b.jpg Size: 140 KB
  • #3,492
  • Jul 16, 2010 6:22am Jul 16, 2010 6:22am
Quoting nicotine
Very good signal on GBPUSD today,
I opened a long position GBPUSD at 14:21 (GMT+2) at price 1.5090,
SL : 15066, TP : 1.5117 . I made +27 pips only in ten minutes.
That's the chart
Not so good if you ask me Profitable yes, but definitely against the system and other rules, guppy expanded, large move already happened. Very risky.
Here's mine short from today, on nzd/usd (not really wicker's pair). Turned out to be good, but I didn't take it. Well, I should: steady correct, slope line pointing in good direction, guppy not so bad + 30 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd 16.gif Size: 44 KB
  • #3,493
  • Edited 8:14am Jul 16, 2010 6:28am | Edited 8:14am
Since I've just started here, there's the cannon we are looking for. Nothing to explain really. Nobody posted it so there you go:
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 13.gif Size: 43 KB
  • #3,494
  • Jul 16, 2010 8:43am Jul 16, 2010 8:43am
Risky short on cable, I've taken it, but I'm not convinced. Of course nothing compared to the previous one on usdchf
Pilatus would you even consider taking this one?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 16.gif Size: 39 KB
  • #3,495
  • Jul 20, 2010 9:55am Jul 20, 2010 9:55am
That short on cable turned out to be pretty profitable, max range of 80 pips
Today I was stupidly tempted to go with this short:
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 20.gif Size: 41 KB

Bad idea, quite sharp move up before signal, slope pointing opposite direction. Lack of patience and 15 pips lost. You need to stay focused playing this system. Any comments?
  • #3,496
  • Jul 21, 2010 3:37am Jul 21, 2010 3:37am
Hello!
2 more trades: shorts on jpy pairs, I entered a little higher than level of the signals, pretty sharp move afterwards, may go even further, shame I'm already out. Anyone else caught it?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 21.gif Size: 31 KB

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 21.gif Size: 34 KB
  • #3,497
  • Jul 21, 2010 6:36am Jul 21, 2010 6:36am
Good signal on gbpjpy: soon after breakout, heading south, guppy very contracted, under all pivots. I'd like to get at least 30 pips from this one.
Attached Image
  • #3,498
  • Jul 21, 2010 9:31am Jul 21, 2010 9:31am
Who else is actively trading this system?

I have last few weeks and its been going really good. Does anyone want to start a trading room for it with me?
  • #3,499
  • Edited Jul 23, 2010 2:12am Jul 22, 2010 9:13am | Edited Jul 23, 2010 2:12am
Have anyone been in risky mood today?
I haven't (180 pips up already today and news ahead), so I'm just posting the trade that occurred a moment ago
Attached Image
  • #3,500
  • Jul 23, 2010 10:21am Jul 23, 2010 10:21am
Another good one on Japanese pair:
Attached Image

And failure on usdchf, i got s/l Anybody has some arguments against entering this one? That would surely make me feel better
Attached Image

Have a nice weekend!
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