Pipster's S\R, Trend Trading Method | Forex Factory

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Pipster's S\R, Trend Trading Method

  • #1
  • First Post: Edited 8:44pm Dec 27, 2010 8:15pm | Edited 8:44pm
Hi all, I wanted to share a simple method that I like to use.

I like to open 8 charts on one Monitor, GJ,EJ,EU,GU,AU,UJ,UChf,UC, but you can do whatever you like with your charts.

TF is 1hr,4hr,and Daily.

How to Determine the Trend: 21 SMA to the close.


Another part of this method is Trendlines. Draw trendlines on every chart.


Now when price crosses 21 MA, on 1 hr, and the trend is in direction of trend, enter.

SL and TF is manual, use SR, Fibs, trendlines.

This method isn't about just the cross of 21. It is all about the trend, and, SR lines, pivots,ect.

What this system WILL NOT do.
It will not make you rich quick.
What this system WILL DO
Help you determine the trend, and, if you follow it right, make nice, consistent, trades.
Advice
Some say that Demo trading is a waste of time. I, myself, can say that it is not.
Before trading live, I suggest to Demo trade ove 70-80 trades, to help you conquer your emotions.

Thread Rules
No bashing, rude, comments.
No curse words
Feel free to flood this thread with questions, or comments.
Risk
Trade this method at your own risk, hope someone will benefit from it.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #2
  • Dec 27, 2010 8:24pm Dec 27, 2010 8:24pm
This is what my charts look like.
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 90 KB
"speak softly, and carry a big stick" Teddy Roosevelt
  • #3
  • Dec 27, 2010 8:40pm Dec 27, 2010 8:40pm
EJ just hit "R3" (third resistance).
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  • #4
  • Dec 27, 2010 8:48pm Dec 27, 2010 8:48pm
I'm long on UsChf.

TP at 9595, S1.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #5
  • Dec 28, 2010 12:17am Dec 28, 2010 12:17am
Hi! Nice trade, could you post your pivot indicator? It works so well.
  • #6
  • Dec 28, 2010 1:54am Dec 28, 2010 1:54am
Pretty neat and simple method. Very raw and reactive to price action. I am a trend trader myself. I use D1's 21sma as my main moving average (I call it my trendsetter). I trade on 21's breakout only if it follows H4's trend (for eg if price breaks 21sma support, price has to be under H4's 21sma as well), same rule applies with 21sma breakout on H4.

On your USDCHF long trade..

Quoting pipstert2
I'm long on UsChf.

TP at 9595, S1.
Referring to your chart (I don't exactly have charts with me right now), Price is on S3 right now. You state you going LONG. I assume you are trading the retracement.. how does your LONG usdchf trade comes together with your trading analysis method (following the trend). On H1 price is below 21sma.. but you LONG the pair. I do not see trendline breakouts to justify your LONG trade apart from the doji candles there.. just from what I can see. I am interested to know whats your trigger. M15 breakout perhaps? Just wondering
  • #7
  • Dec 28, 2010 7:12am Dec 28, 2010 7:12am
I got stopped out for about 20 pips.

Because it was hitting major support.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #8
  • Dec 28, 2010 7:15am Dec 28, 2010 7:15am
Missed a nice EurGbp trade.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #9
  • Dec 28, 2010 7:18am Dec 28, 2010 7:18am
Quoting orionfx
Hi! Nice trade, could you post your pivot indicator? It works so well.
Forgot how to do that.

You can search FF for some, i'm sure they're already posted.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #10
  • Dec 28, 2010 10:11am Dec 28, 2010 10:11am
Look at this EJ.
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  • #11
  • Dec 28, 2010 10:38am Dec 28, 2010 10:38am
Teting S3
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  • #12
  • Dec 28, 2010 12:24pm Dec 28, 2010 12:24pm
Retracement.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #13
  • Dec 28, 2010 4:02pm Dec 28, 2010 4:02pm
Quoting pipstert2
Hi all, I wanted to share a simple method that I like to use.

I like to open 8 charts on one Monitor, GJ,EJ,EU,GU,AU,UJ,UChf,UC, but you can do whatever you like with your charts.

TF is 1hr,4hr,and Daily.

How to Determine the Trend: 21 SMA to the close.


Another part of this method is Trendlines. Draw trendlines on every chart.


Now when price crosses 21 MA, on 1 hr, and the trend is in direction of trend, enter.

SL and TF is manual, use SR, Fibs, trendlines.

This method isn't about just the cross of 21. It is all about the trend,...


what i have noticed with the 21 sma trend line is, when the price crosses the 21 sma, the 21 sma is usually flat. so how do you determine which way the trend is ? the trend only develops on the 21 sma after 2-3 hours (on hourly candle) after the price crossed. by which time it would be too late to trade.

so how do you do your trades ?
  • #14
  • Dec 28, 2010 4:22pm Dec 28, 2010 4:22pm
this is jivas method,i dont see what u dont talk to her about it in the lucky spike thread
  • #15
  • Last Post: Dec 29, 2010 7:20am Dec 29, 2010 7:20am
Quoting whatfx
what i have noticed with the 21 sma trend line is, when the price crosses the 21 sma, the 21 sma is usually flat. so how do you determine which way the trend is ? the trend only develops on the 21 sma after 2-3 hours (on hourly candle) after the price crossed. by which time it would be too late to trade.

so how do you do your trades ?
You only need to watch "when" a trend starts. It usually starts near a SMA. I do not use 1H to catch the timing. I would be watching 5M or 1M for an early entry.
A successful trading depends on knowing what to analyze.
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