Riding the trend easily | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Need guidance to improve my Trend Riding EA (attached) 24 replies

ATP - The Regurgitation to Wave Riding 27 replies

Whigreblure (the riding of) 1 reply

Cable Riding 134 replies

Attachments: Riding the trend easily
Exit Attachments

Riding the trend easily

  • #21
  • Jun 1, 2011 5:48am Jun 1, 2011 5:48am
is a great strategy fligh ... thanks

would have won all previous entries unless the latter

maybe if you used lawgirl indicator (top right) This last one would have filtered the signal

greetings friend
Attached Image (click to enlarge)
Click to Enlarge Name: rsi 3 .... all tf.gif Size: 52 KB
  • #22
  • Jun 1, 2011 6:04am Jun 1, 2011 6:04am
for you
Attached File(s)
File Type: ex4 Lawgirl's Trend Display v1.02.ex4   10 KB | 537 downloads
  • #23
  • Jun 1, 2011 6:16am Jun 1, 2011 6:16am
You do realise that in forexfactory there are more than 1000 systems that are producing the same signals.

Adding more and more indicators to the chart isn't going to help you predict where the market is going.

Indicators are all lagging and worthless. Ever wondered why they are free ?
Inflation in things we need, Deflation in things we want.
  • #24
  • Jun 1, 2011 6:18am Jun 1, 2011 6:18am
Quoting porfirio
for you
hey thanx
thanx to lawgirl too
  • #25
  • Jun 1, 2011 6:30am Jun 1, 2011 6:30am
Quoting Thijs
You do realise that in forexfactory there are more than 1000 systems that are producing the same signals.

Adding more and more indicators to the chart isn't going to help you predict where the market is going.

Indicators are all lagging and worthless. Ever wondered why they are free ?
i understand your frustration and thats why i trying to use a trednline instead of a ma also
Attached Image (click to enlarge)
Click to Enlarge Name: trendlines.PNG Size: 48 KB
  • #26
  • Jun 1, 2011 6:38am Jun 1, 2011 6:38am
ok my other strategy covered my loss today to a certain extent i gained 17 pips risking only 7(including spread)
But anyways if you really wanna become a good trader you have to check out
JAMES16 thread it is just brilliant:nerd:
  • #27
  • Jun 1, 2011 6:41am Jun 1, 2011 6:41am
Dont get me wrong I am not frustrated in any kind.

I want to let you guys think about what you are doing because
it is pretty obvious you are new in forex.

Iff you are ready to erease all indicators and never touch them again
you can contact me.

In the mean while I wish you best of luck
Hope you are all safe and sound wherever you may be

Thijs


Quoting flightless
i understand your frustration and thats why i trying to use a trednline instead of a ma also
Inflation in things we need, Deflation in things we want.
  • #28
  • Jun 1, 2011 6:52am Jun 1, 2011 6:52am
I am not of that opinion ... i think that with a simple sma 200 and oscillator in higher TF can make money
Attached Image (click to enlarge)
Click to Enlarge Name: sma200.gif Size: 64 KB
  • #29
  • Jun 1, 2011 7:26am Jun 1, 2011 7:26am
Quoting Thijs
You do realise that in forexfactory there are more than 1000 systems that are producing the same signals.
Exactly. This is just another attempt to make buy a bounce/sell a rally into a mechanical indicator based system. Buying or selling pullbacks is a key concept to successful trading but do it using support/resistance levels and price action with solid risk/trade management and you'll see you don't need the indicators and a lot of the false signals you're getting now will be filtered out.
  • #30
  • Jun 1, 2011 7:02pm Jun 1, 2011 7:02pm
hello,

thanks a lot Porfirio for Lawgirls indicator !!!

But what's the name of your main indicator with the yellow cross ? A kind of Envelops indi ?

thanks a lot
Stephane
  • #31
  • Jun 4, 2011 2:58am Jun 4, 2011 2:58am
here is the trade i took on 1 june
Attached Image (click to enlarge)
Click to Enlarge Name: last trade.PNG Size: 59 KB
  • #32
  • Jun 4, 2011 3:38am Jun 4, 2011 3:38am
To find the best trends to trade why not use the 3 ma method? Put 3 moving averages on a chart, I like 30, 50 and 100 sma's all of the closing price. In the best trends these will run parallel to each other. Take a look at eurgbp 1 hour chart with these ma's this weekend.

I always start with the weekly and go down to the hourly checking the overall trend direction on each timefram before looking for a setup in the direction of the overall trend. You can of course use PA or indicators to confirm.
  • #33
  • Jun 4, 2011 8:23am Jun 4, 2011 8:23am
Quoting Hugh Briss
To find the best trends to trade why not use the 3 ma method? Put 3 moving averages on a chart, I like 30, 50 and 100 sma's all of the closing price. In the best trends these will run parallel to each other. Take a look at eurgbp 1 hour chart with these ma's this weekend.

I always start with the weekly and go down to the hourly checking the overall trend direction on each timefram before looking for a setup in the direction of the overall trend. You can of course use PA or indicators to confirm.

can you explain with chart examples.

cheers
  • #34
  • Last Post: Jun 4, 2011 9:00am Jun 4, 2011 9:00am
Quoting whatfx
can you explain with chart examples.

cheers
This is usdchf. If you need ma's to tell that this is in a downtrend then you're in serious trouble but it does illustrate my point somewhat. These ma's won't always be going the same direction all of the time, sometimes daily will be going against weekly and h1 against h4, etc. When they are all going in the same direction you will pick up some seriously good trades. It's not failsafe but that is what stop losses are for.

By the way I have to credit Hector for this idea. I don't use his whole system anymore but I definitely use a few of his ideas to improve what I do.

If you're trading dailies as well then check out the "silent service method" on this forum. The big round numbers on weekly charts is another really good idea I use.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf weekly.gif Size: 31 KB
Click to Enlarge Name: usdchf daily.gif Size: 31 KB
Click to Enlarge Name: usdchf h4.gif Size: 29 KB
Click to Enlarge Name: usdchf h1.gif Size: 31 KB
0 traders viewing now