Look at something long enough, you will eventually get it.
Are you a trend trader or a counter-trend trader? 29 replies
What does it mean to trade with the trend - Define trend? 47 replies
Trading System - Trade with the Trend 5 replies
Multis-trend trade EA for scalp on short trend 27 replies
Would you trade this system? New system #2. 10 replies
DislikedHi Bob,
A quick question which I hope has not already been answered.
I know this strategy is your response to the idiotic new rules for US based traders.
Assuming you could still use a hedging etc. account, would you still choose this strategy over the earlier ones?
Best regards,Ignored
DislikedOk I understand that, but what I am asking is, do we turn on the EA when we see things about to line up or could we simply say hey we are in an uptrend turn on the EA and simply walk away from the computer ?Ignored
DislikedThank you for the explanation bob!.
If we look at the current chart, the price was crossing the TMA RED line (Upper Channel)
however, if we look at the chart at the time you open the trade, previous price was actually not crossing the RED TMA Line (as per rule).
per your explanation, the angle also need to be considered apart from crossing red TMA Line I supposed.
Rgds
WTjSIgnored
DislikedIm not sure but i think PA should below trigger and trigger pointing down.Ignored
DislikedClosed trades
Eur/chf Stopped out at -40
Aud/Usd +94
Aud/chf +54
Cad/jpy +24
Sells
Eur/Aud -50
Eur/jpy -70
Totals for the day
+132
Totals for the week
+138
I closed out the Eur/Chf but set it up to reenter today.
I am riding out the Eur/Aud and Eur/JPY. I still think we are in DT but if we are not price will level and get a retrace back down still. Dont see any other trades for now. Hopefully my school will have its power on today.Ignored
DislikedI have added the 48MA smooth to my screen to mark the Daily trend. When price moves inbetween it and 240 MA, it lets you know that a trend change or consolation stage has started. I also put the TMA angle on the screen. Here is the pic and template.Ignored
DislikedHey Misiek,
My 2 cents is this. Although it IS below the 240 the TMA is turning flat which tells me we may be in for a correction. Price is above the 48 MA Bob had us add AND, it has tried to break through 108.00 ( a MAJOR WHOLE NUMBER) for 5 hours or so. I personally would not take it until I see the angle of the TMA turn more down like that of the blue arrow I put on the chart.
Like I said...my 2 cents.
MGIgnored
DislikedIt is close to being a setup. I am looking for a short Randy candle and then I will enter the trade. I will post the chart when/if this happensIgnored
DislikedIt is close to being a setup. I am looking for a short Randy candle and then I will enter the trade. I will post the chart when/if this happensIgnored
DislikedHi Bob
Thank you for the explanation about Ea
your blank template is a great tool,and a great idea
I like it 'cause it's suitable to all markets and many traders style
Now..Could you please go deeper into your TP and trailing stop rules?
In the manual you give some different exit tools,but what is your favourite option?
I think this is the KEY to success,'cause even a good sys like this could turn into a loser.
Please could you go deeper into (expected)win ratio % for this system?
and what is your default R:R ratio?
If winning trades...Ignored
DislikedI'm starting to lose my hope. Right now EJ looks more like is going up. But I'm still to go short. There is no point to make a trade without conviction that you have chance of success. Central line of TMA is closing to MA240, and price is betweein MA48 (added by nanningbob) and MA240. It's mean that trend may change and go up.
misiekIgnored
DislikedThere is some key Aussie Home loans data which may drive EUR/JPY via EUR/AUD so I wouldnt getting a position on EUR JPY until it has shaken out.Ignored
DislikedHi Bob
Thank you for the explanation about Ea
your blank template is a great tool,and a great idea
I like it 'cause it's suitable to all markets and many traders style
Now..Could you please go deeper into your TP and trailing stop rules?
In the manual you give some different exit tools,but what is your favourite option?
I think this is the KEY to success,'cause even a good sys like this could turn into a loser.
Please could you go deeper into (expected)win ratio % for this system?
and what is your default R:R ratio?
If winning trades are...Ignored
DislikedHowever...that said...I spot a potential better set up on EUR-USD...again, no need to rush, Ill let it play out and see if I get the signal and then entry candleIgnored