Long Term Pips

Again I say, fantastic stuff...for the PATIENT trader.

Life is good,
Jon

I have received several not so nice messages from people here, not sure what the problem is but I really do not need the aggravation. I do not have a desire to call them out. I tried to keep it positive but I guess that is not in the culture on this forum. Every time I have started a thread or made comments, it has been met with resistance and I am not sure why. I may start another one somewhere else but really, I am content to make pips all by my lonesome. To everyone who has a positive mindset and was open to this, I apologize. Everything I have written here can and should help some people out, take it for what it is, good info. I will still frequent this forum from time to time but I really do not have a desire to continue the journal. I can live without it.


It takes patience to trade the way I do but it is not rocket science. I actually have seen several other people here who trade this way but on smaller time frames. A person can apply this to any time frame they want and make it their own. Use any time frame and trade pullbacks on smaller time frames. Basically, that is all I am doing.

A person just needs to know where the pair is going and pick a good tiime to get in. The simpler, the better. I hope all the info here helps people out and I hope this does not come across as a bad thing but I can use my time doing something else.

Good Luck To All

Brenzaj

It is disappointing if you don’t continue.

And what about those that do want to hear what you have to say, aren’t they worth continuing on for?

How about a private blog? Would you consider it?

Thanks,
Jungles

Brenzaj42:I want to thank you for your initiative to create this wonderful thread. I am sad for the decision you have taken, but i understand where you are coming from. Would you consider posting a few of your future long term trend trades (when you take them) to actually see the application of your methods for real? I understand the rules are very simple, but you have done this for a while and have a feeling for good entries. You wouldn't have to answer any questions or anything but just post a few of those real trades for us to use as real examples of your method.
Regardless if you decide to post those trades or not.... i want to thank you for your generous contribution to the forex community with this thread.
Best Regards
JLC

Brenzaj, if you only drop by, or decide to take up the reigns again, then great.

In the mean time, is any one interested in continuing on with the strategy here at this thread? We can post our charts and discuss!

Hey Jungles,

YES, I will join you in an ongoing discussion of this Long Term Pip strategy.

Thanks,
Jon

great, i must say though, my emphasis is 240/day not day/weekly, is that ok?

got my eye on this set-up

looking for break of recent high + EUR parallel support,
then buy off an ema

any thoughts?

Looks like AUDUSD and USDCHF may have a daily 5-12 cross today that correspond with their weekly 5-12 direction.

Hey Guys, We keep going ... !!! No one will stop us :-)

Brenzaj, I hope you will change your mind at some stage ...

AudUsd had a Fresh cross last night on Daily chart and weekly MA's and trend support movement to the upside . P and I analysis support Aud strength and Usd weakness so I will Probably watch this pair today and if it can close above the 1.0000 psych level. I will probably enter tonight after 5pm close or in main session in morning.

Take Care

Agree in all you said, accordingly to brenzaj's instructions i would enter only during the main session if AUD is strong and USD is weak.
Regards

I agree

Another thing to look after is the closest support/resistance levels. This is his quote:
"I require there to be at least 100 pips of room to move until the next resistance point. Also, I don't feel pressure to take the cross right away, I like the trend to develop for several days. "
We should be aware of 2 resistance levels i see at around 1.0180 & 1.0254

Regards

Well, Brenzaj, I for one would like to say a heartfelt "thankyou"!!

I simply can't understand why anyone would want to be negative about the ideas and strategy you have put forward. They have only to look at a few charts to see that your method makes sense. Are any of these people making the returns that your method so obviously gives if one can muster the patience required? And I'm sure you're right when you say, a few posts ago, that once you've made a few trades, the urge to rush into everything regardless fades away. I hope my patience will hold out long enough! It won't be for lack of determination.

I haven't posted before, because I only stumbled across this thread at the weekend, and have been enthralled. It's exactly what I've been looking for.

In the 10 days-worth of posts here, you have certainly turned my thinking on its head - and, I'm quite certain - very much for the better. A few months ago I developed the first moderately successful strategy I've used, which involves trading 5-minute scalps! I don't think one can get much further away that than! While I've been doing fairly adequately recently on my 20 pips per day target (not always reached, by any means, but I've generally made 60-80 per week), I'm not happy (i.e.very unhappy) about the amount of time I have to spend in front of the screen, I'm not happy (i.e. I'm putting up with it at present but I'm certain there's a better way) about my risk:return, I'm not happy (i.e. because it's going to take forever until I get a decent return in terms of £s gained for time spent) about my position size.

And with all those important things I'm not happy about, I'm pretty sure I could never stick at it for the long term. 6-8 hours every day, basically uninterrupted, concentrated peering at the wiggly lines to snatch 10 pips here, 5 pips there, and then lose most of it in the next couple of trades, so have to start again more-or-less. The boredom after just 3-4 months!! The more I've thought about it, the more convinced I became that I needed to rethink from scratch.

So, huge thanks, again. I have to say that I'm going to print out all the posts you have put on this thread and on one or two others, and read and re-read them daily til the niceties of your approach become second nature to me as they obviously are to you. You've explained all the outlines so clearly that I don't think even I can go far wrong; but I'm very sad to hear that you've had to face such a barrage of discouragement that, in just 10 days, you've decided you want to pull out. Almost every one of your posts contains some comment that throws new light on an aspect of trading which hadn't occurred to me before, or whose significance I hadn't realised, and I shall sorely miss the regular guidance which I was looking forward to!

I would strongly support Jungles' request that you consider a blog where those of us who do feel positive can over time benefit from each others' experiences, under your leadership. Please!

Anyway, regardless of whether you soften to the pleas of your "supporters" over the blog idea, thanks for getting me this far! Sorry for such a long post.

GeorgeH

Because i value the information brenzaj posted here, i spent a little time and created a summary document of his main posts. This should help anyone interested in his method. Hope it helps. Regards

Hey Analda3,

I was thinking last evening that it would be great to have a summary of Brenzaj42's posts.

VOILA! There it is this morning.

Thanks,
Jon

PA messed this trade all up today so I will be sitting out of this trade for now. Actually PA uncrossed this pair today on my charts ( more of a bounce rather than a cross) I guess thats why its a good idea to be patient and let these trades mature for a few days rather than jumping in half prepared.

Hi ya Everyone..

In case anyone is interested you could actually throw in a 14RSI for extra confirmation and you could actually use this system on any TF and instrument if you are limited to time in the day for trading so you do have choices with this system..

With the RSI just make sure the RSI is in line with the MA cross and above the 50 line..so if MA's are crossing up make sure the RSI has crossed up above the 50 for a signal to enter..

Cheers,
Adrian

Analda3 -
Very many thanks! You've saved me a lot of cutting and pasting! (and, I guess, a number of other people too)
GeorgeH