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PTT Method (Profitable Trend Trading) in Forex

  • #261
  • Sep 14, 2011 5:48pm Sep 14, 2011 5:48pm
Quoting Olu
would you be happier with nzdcad?

Olu
Post a daily chart with that pair, I don't have that one.
  • #262
  • Edited 5:54pm Sep 14, 2011 5:51pm | Edited 5:54pm
Quoting KumoDragon
Post a daily chart with that pair, I don't have that one.

Attached Image (click to enlarge)
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If you think you can or cannot do it you are correct
  • #263
  • Sep 14, 2011 7:27pm Sep 14, 2011 7:27pm
goodmorning all,hows the trading doing
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #264
  • Sep 14, 2011 7:30pm Sep 14, 2011 7:30pm
Quoting billytt
goodmorning all,hows the trading doing
G/J still running down the hill
  • #265
  • Sep 14, 2011 7:36pm Sep 14, 2011 7:36pm
yes indeed spyder. are you on it from the 9th
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #266
  • Sep 14, 2011 7:51pm Sep 14, 2011 7:51pm
Quoting billytt
yes indeed spyder. are you on it from the 9th
yessir...up 350 right now. Hope it keeps falling.
  • #267
  • Sep 14, 2011 11:49pm Sep 14, 2011 11:49pm
guys,

what brokers are u on? My charts are very different, i think. I am on mbt. Or i guess it is just mbt's server time and for me an IB formed on the 10th.

ps. i just looked up the usd/try.. turkish lira. who knew.
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  • #268
  • Sep 15, 2011 4:20am Sep 15, 2011 4:20am
..missed the entry yesterday, but just in on the retrace.
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  • #269
  • Sep 15, 2011 4:33am Sep 15, 2011 4:33am
...this cross is currently battling with the strong demand level printed back in March (see circle on chart), i'll give the short a go if offered.
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  • #270
  • Sep 15, 2011 4:57am Sep 15, 2011 4:57am
i go short too, cad-jpy
  • #271
  • Sep 15, 2011 6:35am Sep 15, 2011 6:35am
C/J and N/J are still too rangy for me. I keep going back to that zoom out. I hope it works out for you.

Alto,

I have two live accounts. One is with MBT and the other FXDD. I'm currently trading PTT on FXDD. (what's with all these acronyms...)
You're right though...you're going to get different daily IB's with different brokers.

I like FXDD because their new day starts at 4 pm my time. Good time of day for me to review the upcoming IB's and make decisions. MBT day starts at midnight for me and that kind of throws things off a bit.
  • #272
  • Sep 15, 2011 6:57am Sep 15, 2011 6:57am
hy spyderman!
which pair of trade you just?
  • #273
  • Sep 15, 2011 7:19am Sep 15, 2011 7:19am
Quoting stevebalmmer
hy spyderman!
which pair of trade you just?
I'll trade just about any pair as long as it lines up with Kelvin's guidelines as per page 1 and post #51.
  • #274
  • Sep 15, 2011 8:24am Sep 15, 2011 8:24am
Quoting sidefx
..missed the entry yesterday, but just in on the retrace.
..stopped out for -30. Short order reset at same level. The chart hopefully shows why i'm shooting at this one, despite not being as smoothly trending as i'd like.
Attached Image (click to enlarge)
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  • #275
  • Sep 15, 2011 9:38am Sep 15, 2011 9:38am
Quoting sidefx
..stopped out for -30. Short order reset at same level. The chart hopefully shows why i'm shooting at this one, despite not being as smoothly trending as i'd like.
This is a good example of what Kelvin's trying to do with this system.

Here's a zoom out of the N/J. The range is pretty dramatic since 2009.
Now you may well get movement down on your short. Then again it may move up. That's really the point. There's no trend here to indicate where the market has been going. We're just guessing at that point. There's resistance you highlight at 55 but there's also shorter term resistance at 62 and 63.

Just my thoughts
Attached Image (click to enlarge)
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  • #276
  • Edited 10:29am Sep 15, 2011 10:01am | Edited 10:29am
Quoting spyderman
This is a good example of what Kelvin's trying to do with this system.

Here's a zoom out of the N/J. The range is pretty dramatic since 2009.
Now you may well get movement down on your short. Then again it may move up. That's really the point. There's no trend here to indicate where the market has been going. We're just guessing at that point. There's resistance you highlight at 55 but there's also shorter term resistance at 62 and 63.

Just my thoughts
Good points. Of course, the EMA(50) becomes more or less redundant if zooming out that far, but i take your point ...and as i said, i had recognised that this wasn't an 'ideal' trending setup, but the demand level from March strikes me as a 'gimme'. Just my opinion
  • #277
  • Sep 15, 2011 10:44am Sep 15, 2011 10:44am
Quoting sidefx
Good points. Of course, the EMA(50) becomes more or less redundant if zooming out that far, but i take your point
Yeah I think you're right there. The ema is more for determining a good entry off the bounce once you've established the pair to trade based on the trend.

You may have a downward trend but PA goes above the ema short term...maybe it's a trend reversal...maybe not. Best to wait until price falls back below the ema then look for your IB entry.
  • #278
  • Sep 15, 2011 12:22pm Sep 15, 2011 12:22pm
Quoting spyderman
This is a good example of what Kelvin's trying to do with this system.

Here's a zoom out of the N/J. The range is pretty dramatic since 2009.
Now you may well get movement down on your short. Then again it may move up. That's really the point. There's no trend here to indicate where the market has been going. We're just guessing at that point. There's resistance you highlight at 55 but there's also shorter term resistance at 62 and 63.

Just my thoughts

Now THAT's a range! Very dramatic.

Another thing I wonder about is if IBs taken earlier in the week have more momentum potential than IBs toward the end of the week. Just something else I haven't researched lol.
  • #279
  • Sep 15, 2011 12:27pm Sep 15, 2011 12:27pm
hi traders how are we doing
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #280
  • Sep 15, 2011 12:40pm Sep 15, 2011 12:40pm
Quoting nubchai
Now THAT's a range! Very dramatic.

Another thing I wonder about is if IBs taken earlier in the week have more momentum potential than IBs toward the end of the week. Just something else I haven't researched lol.
Personally, unless it looks really good I wouldn't take an IB trade after wednesday. (by real good I mean a strong obvious trend and the IB is right at the 50 line) Because friday is volatile, rampant stop loss hunting and end of week profit taking from the big boys.

Also, my broker is closed from 3 pm friday until sunday evening. And there can be a gap. So, if the trade didn't move much after it entered I very well could just get gapped out.

I've also noticed that often the IB's are more plentiful on sunday evening as the markets dont move a whole lot over the weekend.

So, IMO most set ups are going to happen S,M, and T,W would be the lastest I'd look for an entry.
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