Is Grid Trading (combined trend following and counter trend) Profitable? 3 replies
Trend following or trend fading? 8 replies
Trend Following Experiment - GBPUSD 26 replies
Trend Following Experiment - EURUSD 80 replies
following the trend 2 replies
DislikedPrice has just arrived to it`s border line. Break of it would be welcome to euro bulls and not breaking just a continuation of down trend, which stil is in place for now. Just some foughts for myself.Ignored
DislikedSo when the trend line is broken with a daily bar, you close your shorts? Right?Ignored
DislikedThe last trend did not last very long and my strategy again says sell sell sell. The previous uptrend if to follow the rules and to use only one initial position brought only 70 pips of profit(it was over 700 pips in profit). Thats becose I go for much bigger profits. Now we have the daily candle closed below the swing low after the price crossing the ema and it is oficially a confirmed start of the daily down trend.Let`s see what it brings after some months or maybe years...or days.Ignored
DislikedSo bulls didn`t give up and are here again at this resistance, I do expect it to pass through this time more seriously, after this temporary drawdown.. but never know, anyway I am bullish until the oposite is prooven.Ignored
DislikedHey Saintsurfer good to see you here. I spoke with you on the trend thread. I trade very simular to you I use the 30 and 50 sma as a channel to guide me as to direction. I use 4 hour and daily charts mostly although the channel works on all time frames. IF it below 30 then no longs if it is above 30 then no shorts.I look for bounce from 50 both ways. Look at the thread for Hector I think his handle is WTD. He is a full time trader and sells a small course for newbies. Are you still bias long? regards MR DIgnored
DislikedHi Mr D. yes I am still to the up side and no signs to close the main part yet. But I am planing to close one third of the positions at 1.4200 and to open again at a better price if posible, if not not. The previous closing and opening at a better price worked I would say ok. I opened at a better price at 1.3850 and 1.3800 but a little bit smaller amount. In count of profits it is like I haven`t done anything, just lowered the risk a little bit.Ignored
DislikedI closed about 20 persent of my exposure as for now I only see weekness on the chart. Also some smaller part,- about 10 persent will be closed out if market goes some more down.Anyway the main part will be left as long as the trend is up. But if/when it breaks up the 1.4100 level(as it seems hard to break through) a good and sudden move up could happen, which wouldn`t surprise me at all. Now I am lowering the risk nothing else.Ignored