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Trend Trading All Pairs

  • #10,481
  • Aug 4, 2011 4:13am Aug 4, 2011 4:13am
Quoting dddd
more on AUD/USD.....early formation of m30/m5/m1. SL should be about -9 pips or so. 1st PT = +20.

b/e point should be 1.0628
that was fast. B/E point of 1.0628 hit.

moved SL to entry point of 1.0643 from 1.0652
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  • #10,482
  • Edited 8:55am Aug 4, 2011 4:17am | Edited 8:55am
Quoting dddd
that was fast. B/E point of 1.0628 hit.

moved SL to entry point of 1.0643 from 1.0652
1st PT hit at 1.0623 for r/r of 1:2. RISKED -9PIPS to make +20 pips.
THE 2ND HALF? KEEPING IT TILL THE ADR of 1.0580 get hit = +64 pips. or i got out at +1.
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  • #10,483
  • Edited 8:56am Aug 4, 2011 5:21am | Edited 8:56am
Quoting dddd
1st PT hit at 1.0623 for r/r of 1:2. RISKED -9PIPS to make +20 pips.
THE 2ND HALF? KEEPING IT TILL THE ADR of 1.0580 get hit = +64 pips. or i got out at +1.
this is bound to be one of the fastest trades ever. FINAL PRICE TARGET hit at 1.0580 for +64 pips. risked -9pips to make +64 pips = r/r = 1:7.1.

first target was 1:2.2 ; 2nd target was 1:7.1. average = 1:4.66.

Also closed out my LOB trade from entered short at 1.0661 risking -17pips. TRADE closed at 1.05800 for 4.76R.

i am done for the week.
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  • #10,484
  • Aug 4, 2011 8:18am Aug 4, 2011 8:18am
Quoting nbafx
hi jim

it will be ease to understand if you can post charts.

would you start a new thread and share the trading method?

It is not my method but thank you for the vote.
I think I will stay here.
I want to learn a lot more I hope some of the old timers will come back
I really like this system

Jim
  • #10,485
  • Aug 4, 2011 8:21am Aug 4, 2011 8:21am
Quoting dddd
more on AUD/USD.....early formation of m30/m5/m1. SL should be about -9 pips or so. 1st PT = +20.

b/e point should be 1.0628

Are you taking this trade on the 5 min and 1 min? Really WOW- You are using the 30 min for trend? Is this trade on the market opening, do you do it all the time ?

I am taking most of my trades on the 30 and 5 mins

jim
  • #10,486
  • Aug 4, 2011 9:31am Aug 4, 2011 9:31am
Well I had great trades with the chf today against the usd, gpb & eur up over up over 1.5k on 1st lots of the 3 and almost 2k on the 2nd lots. I moved BE on the 3 lots out standing. I had a aud/nzd trade not triggered.

Ho well, I guess on one wants to get a trading group going, to bad really. I am off to the beach.

jim
  • #10,487
  • Aug 5, 2011 8:54am Aug 5, 2011 8:54am
I had a very good week, this is an amazing system. I am flat at this time, I closed all open trades before NFP. I was really spooked with the Pres. speaking at a 11am and with the stock market drop yesterday. I will be on vacation next week and so will not likely be trading.

I do hope some about some of my old emails questions.
1. The ADR/ATR - I really would like to know if it is working in the New York Time Frame for anyone.
2. 1 min Time frame: The 30 min, 5min 1 min guy more details.
3. Targets: I am using the 30 min swing and the day swing for targets. Does any one else use these for targets?

Thank you

Jim
  • #10,488
  • Aug 6, 2011 6:52am Aug 6, 2011 6:52am
any one know what IMO means?

Jim
  • #10,489
  • Aug 6, 2011 7:40am Aug 6, 2011 7:40am
Quoting jim1972
any one know what IMO means?

Jim
In My Opinion

http://www.webopedia.com/quick_ref/t...reviations.asp
  • #10,490
  • Aug 6, 2011 8:44am Aug 6, 2011 8:44am
This system works ok in trending conditions. When range comes it will hurt.
I do not trust anyone who sells systems or webinars.
No one of them showed their real trading and how they are doing.

I traded this system in from October 2010 to the end of February 2011.
In January/ February when market was ranging I lost all earnings form previous 5 months.
Those were really bad results. The worst I had had.
Since then I stopped listening to anyone and continued doing my own stuff and made 50+% since March and doing consistently well with day trading.
I also trade only one instrument now.
In my opinion, market conditions change and whoever trades with rigid system gonna fail in the end.
I on the other hand was able to make money whatever the market was doing.
  • #10,491
  • Aug 6, 2011 9:14am Aug 6, 2011 9:14am
Quoting shiko
This system works ok in trending conditions. When range comes it will hurt.
I do not trust anyone who sells systems or webinars.
No one of them showed their real trading and how they are doing.

I traded this system in from October 2010 to the end of February 2011.
In January/ February when market was ranging I lost all earnings form previous 5 months.
Those were really bad results. The worst I had had.
Since then I stopped listening to anyone and continued doing my own stuff and made 50+% since March and doing consistently well with day trading....
Hi Shiko

I am glad you are making money!!!

But I think you missed the point of this system!
And that is NOT to trade unless there is a trend !!
You will lose money for sure! If you try and trade this with out a trend!

Jim
  • #10,492
  • Aug 6, 2011 9:15am Aug 6, 2011 9:15am
Quoting ForexSam
In My Opinion

http://www.webopedia.com/quick_ref/t...reviations.asp

Thanks I did know this.
But in the tread it comes up a few times and that would not make sence
or at least I did not tink so

Thanks

jim
  • #10,493
  • Aug 6, 2011 9:29am Aug 6, 2011 9:29am
Quoting shiko
This system works ok in trending conditions. When range comes it will hurt.
I do not trust anyone who sells systems or webinars.
No one of them showed their real trading and how they are doing.

I traded this system in from October 2010 to the end of February 2011.
In January/ February when market was ranging I lost all earnings form previous 5 months.
Those were really bad results. The worst I had had.
Since then I stopped listening to anyone and continued doing my own stuff and made 50+% since March and doing consistently well with day trading....

Sorry to Hear about your experience..but you also turned it round..which is the MOst Important thing..BECAUSE it is YOUR own method..
But beaware..

HECTOR NO longer uses the 3SMA...
He usses PA,Support and Ressistance., TL. FIBO levels..and Visual LOOK at the TREND or if MARKETS are in RANGE..

You can always ask him directly..if you wish

baz
  • #10,494
  • Aug 6, 2011 5:22pm Aug 6, 2011 5:22pm
Quoting shiko
This system works ok in trending conditions. When range comes it will hurt.
I do not trust anyone who sells systems or webinars.
No one of them showed their real trading and how they are doing.

I traded this system in from October 2010 to the end of February 2011.
In January/ February when market was ranging I lost all earnings form previous 5 months.
Those were really bad results. The worst I had had.
Since then I stopped listening to anyone and continued doing my own stuff and made 50+% since March and doing consistently well with...

that is because you are not trading with the TREND. You said so yourself "In january/february when market was ranging i lost all earnings from previous 5 months".
Why would anybody want to trade a trend trading system in a ranging market? How does that makes any sense? By trend, i mean the trend has to be established on the daily and the weekly levels of higher highs or lower lows, with the 3sma aligned in a direction. That means, sometimes, there wont be any trading setups....that means, the number of pairs/crosses traded will need to be expanded to compensate.

But hey, good for you that you find your method.
  • #10,495
  • Aug 6, 2011 5:31pm Aug 6, 2011 5:31pm
Quoting baz
Sorry to Hear about your experience..but you also turned it round..which is the MOst Important thing..BECAUSE it is YOUR own method..
But beaware..

HECTOR NO longer uses the 3SMA...
He usses PA,Support and Ressistance., TL. FIBO levels..and Visual LOOK at the TREND or if MARKETS are in RANGE..

You can always ask him directly..if you wish

baz
I personally dont give a rat arse what HECTOR does now. I know that his 3sma works for me. I have tested it a bazllion times. You just have to trade enough pairs and have the patient to wait for the right setups. Sometimes, you dont have any setups. right now the chf, jpy, nzd, aud, ARE what is working....soon enough, they will stop. we wait, we move to others. THat is fine with me.

Let me put it this way: if hector comes out and say his 3sma is bullshit and fake; i wont beleive him. why? i can make up my own mind about it. I see something that makes sense to me, i tested it, i practice it, if it works, that is all that i care about. the rest can go shove itself. I am here to make money, that is all.
  • #10,496
  • Aug 6, 2011 6:05pm Aug 6, 2011 6:05pm
Quoting dddd
I personally dont give a rat arse what HECTOR does now. I know that his 3sma works for me. I have tested it a bazllion times. You just have to trade enough pairs and have the patient to wait for the right setups. Sometimes, you dont have any setups. right now the chf, jpy, nzd, aud, ARE what is working....soon enough, they will stop. we wait, we move to others. THat is fine with me.

Let me put it this way: if hector comes out and say his 3sma is bullshit and fake; i wont beleive him. why? i can make up my own mind about it. I see something that...

Yes DDD..you said it " if something Works FOR YOU "..than you pursue it..BUT my point was that HECTOR has moved on from using MAs...NOT that it wont Work...
its ALL down to you ...How you go about Trading...a Learning process..
Sorry if i upset you...it was not the purpose of my post..
take care..and may you remain profitable Using the 3 sma as your Edge..

this will be my last post regards HECTOR...

baz
  • #10,497
  • Aug 6, 2011 6:08pm Aug 6, 2011 6:08pm
Quoting jim1972
I had a very good week, this is an amazing system. I am flat at this time, I closed all open trades before NFP. I was really spooked with the Pres. speaking at a 11am and with the stock market drop yesterday. I will be on vacation next week and so will not likely be trading.

I do hope some about some of my old emails questions.
1. The ADR/ATR - I really would like to know if it is working in the New York Time Frame for anyone.
2. 1 min Time frame: The 30 min, 5min 1 min guy more details.
3. Targets: I am using the...
i know is i got my hand on a copy to ADR- average daily range indicator.
http://www.forexfactory.com/sitesear...earchtype=site

I just look at what it is saying. they are generally needed for h1 setups and below, of course, LOB trades.

1min time frame, you can read some of my threads to get an idea of how i do it.

targets. just use whatever works for you. adr, swings, measure move projections, fib extensions, s/r levels....hey, whatever works.
  • #10,498
  • Aug 6, 2011 6:34pm Aug 6, 2011 6:34pm
Quoting baz
Yes DDD..you said it " if something Works FOR YOU "..than you pursue it..BUT my point was that HECTOR has moved on from using MAs...NOT that it wont Work...
its ALL down to you ...How you go about Trading...a Learning process..
Sorry if i upset you...it was not the purpose of my post..
take care..and may you remain profitable Using the 3 sma as your Edge..

baz
None taken, i dont mean to come across as being upset, it is just that i am little tired of reading "this works, this doesnt work" argument on FF. It is ad nauseum.
ema crossover works, no it doesnt; indicator works, no it doesnt, this and that. fundamental works and technicals doesnt, no it is the opposite. I am just a bit tired of them, that is all. I didnt mean to come across as being upset. Even though JACKO has been exposed as a fraud, there are people still profitably using his system. it ALL boils down to the individual and whatever works for you. maybe it is pure statistical luck or robustness, i dont care. if it works for you, you make your money and get out of this racket, good for you. I was talking to somebody who told me i need about 10,000 trades to call a system robust. You know what i did? i thanked him. I know that well before i reach that number i should be rich enough to quit this racket. I dont care if the system stops working afterwards. There was an hedge fund guy who made billion dollars during the subprime market meltown(that was roughly a year or so after starting his hedge fund). you know what he did afterwards? he retired and spend the rest of his life on vacation. some people want to win arguments, to slap themselves on the back for being soo smart. who cares? this is not a classroom. i just want to make money. It is not that i dont beleive in robustness, i do--but the only reason i give a shit about robustness is for the sake of money(CERTAINLY not to prove how smart i am). there are people who trade based on gann or elliot wave or whatever, makes no sense to me. but hey, whatever works.

i dont mean to come across as being upset, it is just that i am getting really sick of "this works, this doesnt work argument". whatever works for you is my motto.

So, if 3sma doesnt work for mr shiko, well, good riddance. i wish him the very best.
  • #10,499
  • Aug 6, 2011 6:42pm Aug 6, 2011 6:42pm
Quoting dddd
None taken, i dont mean to come across as being upset, it is just that i am little tired of reading "this works, this doesnt work" argument on FF. It is ad nauseum.
ema crossover works, no it doesnt; indicator works, no it doesnt, this and that. fundamental works and technicals doesnt, no it is the opposite. I am just a bit tired of them, that is all. I didnt mean to come across as being upset. Even though JACKO has been exposed as a fraud, there are people still profitably using his system. it ALL boils down to the individual and whatever...
I agree DDD..
i also know of a WEEKLY TF trader ..and applies 2 SMA...
he is not concerned abour PA BARS...ANY NEWS..or any one elses VIEW..or such..
He checks his charts at End of week. period..
also he is in TRADES for WEEKS as well...
alll he is concerned is that HIS WINS far outnumber the LOSSES..and achieves a BIG R:R...he achieves this easily
BUT weekly TF is not my cup of TEA..also he is a big FAN of RICHARD DONACHIAN..
ok this will be my last post
  • #10,500
  • Aug 6, 2011 9:57pm Aug 6, 2011 9:57pm
Quoting baz
I agree DDD..
i also know of a WEEKLY TF trader ..and applies 2 SMA...
he is not concerned abour PA BARS...ANY NEWS..or any one elses VIEW..or such..
He checks his charts at End of week. period..
also he is in TRADES for WEEKS as well...
alll he is concerned is that HIS WINS far outnumber the LOSSES..and achieves a BIG R:R...he achieves this easily
BUT weekly TF is not my cup of TEA..also he is a big FAN of RICHARD DONACHIAN..
ok this will be my last post
Hey Baz,

Why dont you stick around and continue to share what you know.
I'd appreciate it...Cheers
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