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  • #41
  • Oct 26, 2010 3:17am Oct 26, 2010 3:17am
Quoting losingtrades
Saint...this is sweet...thanks.


Have you tried this on any smaller time frames? Also, on any other pairs?


I will try this system right away. Thanks again.
Yes I tried to test different timeframes and pairs, but eur/usd and daily TF is most acurate and gives best results. It can work also on ather pair and even on 4H TF but not to compare to daily and eur/usd. Be coutious it is not alwais as good as in this stright uptrend. And there are periods of waiting for a few months or more sometimes. But the last 3-4 years were just trendy.
  • #42
  • Nov 4, 2010 4:32am Nov 4, 2010 4:32am
The power of the trend,- nothing else. Just it takes patience to hold till the end.
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  • #43
  • Nov 4, 2010 5:01am Nov 4, 2010 5:01am
And what is angoing active trade management, I am going to close some of the positions at 1.4500 if/when it gets there. On a higher time frame chart it is a descending trendline, resistance,round number etc. Should at least bounce a little if not even reverse.
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  • #44
  • Nov 9, 2010 2:59pm Nov 9, 2010 2:59pm
Now that the e/u nisely falling there might come a trend change soon. Most probably the daily candle will close bellow the average today and if/when it closes also below the swing(black horisontal line) I will close all of my positions and open a new starting one, and the trend sentiment will be down for me. Sure it would be nise if the uptrend would resume, but nobody knows even though there is stil a chance for that.
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  • #45
  • Edited 4:57pm Nov 11, 2010 4:11pm | Edited 4:57pm
Now it crossed the line. And it is a bear trend from now. I am closing all the positions now and opening an initial short position. Yes I gave part of the profits back on this nice retrace, but on longer term it pays good off, because I am able to be longer in the trend. And I may say, I don`t like this trend change, it works not real, but I must act after my rules.
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  • #46
  • Nov 11, 2010 4:58pm Nov 11, 2010 4:58pm
Short opened
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  • #47
  • Nov 11, 2010 10:06pm Nov 11, 2010 10:06pm
I just found your thread and I will watch it. Please post your trade with new chart. Thanks.
Quoting Saintsurfer
Now it crossed the line. And it is a bear trend from now. I am closing all the positions now and opening an initial short position. Yes I gave part of the profits back on this nice retrace, but on longer term it pays good off, because I am able to be longer in the trend. And I may say, I don`t like this trend change, it works not real, but I must act after my rules.
  • #48
  • Nov 12, 2010 4:43am Nov 12, 2010 4:43am
Quoting Saintsurfer
I like when the market does what it says, looking forward for a good trend to develoup and to add to it farther, but who really knows how long it will last... so I can only follow it.
Buddy hi.
Can you please explain on what basis did you have so much long entries if we see that price was bellow 30EMA??
Excellent thread and I agree with all of your analysis. But I am just wondernig about the entries in august and september 2010.??
Many thanks!
  • #49
  • Nov 12, 2010 7:04am Nov 12, 2010 7:04am
Quoting pilatus
Buddy hi.
Can you please explain on what basis did you have so much long entries if we see that price was bellow 30EMA??
Excellent thread and I agree with all of your analysis. But I am just wondernig about the entries in august and september 2010.??
Many thanks!
I trade with more weight in the start of the trend and add another but smaller position as long as the trend is in place. Self profitability is not such important, becose I take all the positions as one. Actually I may add to the exsisting positions as long as the trend is in place, I am more comfortable to add to a winning position, but it is also ok to average down meaning add to still a loosing position if those additional positions will not be allowed to run too long into negative.I started to take trades from the 5th september 2010. and a week forward price still was in negative while I opened another positions as I sow if the trend will reverse the loss will not be very huge in addition. Hope it makes any sence. What I do is just managing risk while the trend is in place.
  • #50
  • Nov 16, 2010 12:28pm Nov 16, 2010 12:28pm
The trend seems to develop farther. As there are so much uncertaincy on euro, I added also some extra on trading size, but becose my account has limits and I trade without stops I can`t just take aditional risks unless I move SL to BE, or it would be just gambling.But still if those positions will survive and the trend will keep on I will certainly add more. Price now is also below the 50 persent fib of the previous down move on weekly. And will most likely close below with daily candle. BUT it doesn`t guaranty anything.
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  • #51
  • Nov 17, 2010 6:44pm Nov 17, 2010 6:44pm
Quoting Saintsurfer
The trend seems to develop farther. As there are so much uncertaincy on euro, I added also some extra on trading size, but becose my account has limits and I trade without stops I can`t just take aditional risks unless I move SL to BE, or it would be just gambling.But still if those positions will survive and the trend will keep on I will certainly add more. Price now is also below the 50 persent fib of the previous down move on weekly. And will most likely close below with daily candle. BUT it doesn`t guaranty anything.
Buddy excellent. I entered too but I was too afraid of 38,2 fib to be retested so I put stop loss to b/e after 70 pips and got kicked out from market. Now I am waititng for some up rally to enter short again. I think that price droped a lot becuase of a lot stop loss bellow 38,2 fib and market absorb those orders without problem bellow level 1,355-1,357 which act like nice support for some time. Just a thought, not something that we shoud look for here. Just keep posting you thread is one of the best here, according to my opinion
  • #52
  • Nov 18, 2010 12:06am Nov 18, 2010 12:06am
Quoting pilatus
Buddy excellent. I entered too but I was too afraid of 38,2 fib to be retested so I put stop loss to b/e after 70 pips and got kicked out from market. Now I am waititng for some up rally to enter short again. I think that price droped a lot becuase of a lot stop loss bellow 38,2 fib and market absorb those orders without problem bellow level 1,355-1,357 which act like nice support for some time. Just a thought, not something that we shoud look for here. Just keep posting you thread is one of the best here, according to my opinion
Actually I am not so proud of my greed, entering too heavy for my account. Some of the trades were also closed at BE. I desided for remainig positions to remove the stops and opened an opposite trade(hedge) of the 75persent of the all size. It is the same as to close them simply.So now I am again with the size I can manage with confidence. And I will close the hedge trade somewhere higher if market rises more and begins to move back, if not I will close both the hedge and same amount of the sells when/if I see the trend resume.
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  • #53
  • Edited 3:14am Nov 18, 2010 2:05am | Edited 3:14am
I closed my hedge trade now in ten pips loss. Maybe I will hedge somewhere at 13650 if market starts move up. Now it seems it has hard to close above 1.3600. on 4H . This is weekness of euro in my ayes, thats why I close it.

edit. when I closed the hedge trade, I set a bstop order at 1.3630, so it is now triggered.
  • #54
  • Nov 20, 2010 11:02am Nov 20, 2010 11:02am
Quoting Saintsurfer
I closed my hedge trade now in ten pips loss. Maybe I will hedge somewhere at 13650 if market starts move up. Now it seems it has hard to close above 1.3600. on 4H . This is weekness of euro in my ayes, thats why I close it.

edit. when I closed the hedge trade, I set a bstop order at 1.3630, so it is now triggered.
It is naturaly now that I used hedging a little bit I also added it to the first post so that it is more clear for myself what I am doing BTW I still have that last hedge trade open.
  • #55
  • Nov 22, 2010 7:21am Nov 22, 2010 7:21am
I have closed the hedge trade ar 1.3747. It didn`t brought any trouble, it even helped to earn some profit. But I stil have a pending buy stop if the market would change the mind. Now it seems to go the right way so far. But the reason I useed the hedging is because I risk a little bit more I should, just it is important to be clear for myself
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  • #56
  • Nov 23, 2010 2:18pm Nov 23, 2010 2:18pm
I put a pillow under the euro, so that it would not harm too much. If serious just interesting how the price will act around that trendline. No problems if it just goes through with ease, could also retrace a little bit...or very much.
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  • #57
  • Nov 23, 2010 3:06pm Nov 23, 2010 3:06pm
i realy like your trading style !
it look so simple for you!
i was traying tooday start something like that
i was telling myself DONT close it leave it!
but when i sow 200 pips on my terminal i couldnt risk it!
i think i may open second account for long term and try with microlots for now!
  • #58
  • Nov 23, 2010 3:21pm Nov 23, 2010 3:21pm
Quoting bbolss
i realy like your trading style !
it look so simple for you!
i was traying tooday start something like that
i was telling myself DONT close it leave it!
but when i sow 200 pips on my terminal i couldnt risk it!
i think i may open second account for long term and try with microlots for now!
Trading micro lots is just enough in the start, becouse when you compound it will get bigger and bigger and grows up to big profits more often than not
  • #59
  • Edited 3:54pm Nov 23, 2010 3:52pm | Edited 3:54pm
Hi Saintsurfer,

I just came across your thread, would just like to say keep up the good work!!

I am currently trading a very similar method. I trade on a EUR/USD daily chart and place a 34EMA (set to High- Green) and a 34EMA (set to Low- Red).

When the price closes above the green 34EMA, I place a buy stop above the high of that candle. Opposite for sell. Longs are closed when shorts are opened (always in the market)

See chart below (Blue line is 30EMA)

M
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To keep trading, even when it gets hard.
  • #60
  • Nov 23, 2010 11:57pm Nov 23, 2010 11:57pm
Hi Saintsurfer,

Sorry about the above post, I didn't mean to hijack your thread. I was just excited that someone was trading in a similar way. Please delete my posts if you want.

Question- How do you know when to add to your position? It is something that I have been battling with.

Cheers

M
To keep trading, even when it gets hard.
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