PTT Method (Profitable Trend Trading) in Forex

Alt, you talking about the ibs of UJ they are doing proud niiice.as are a couple of others. as for Zuut i think you'd be better off without charts too many indicators etc. happy trading happy days

Hi billy,

I guess u are trading some kind of IB straddle with small tp's or else your chart must be very different from what I got. For me, it's been only many 30 pip losers so far. Guess this is the 'whipsaw' part, huh? No worries though, the other pairs have more than made up for it.

post 274 explains why i persisted with the NJ IB despite a weaker trending chart....this in mind i'll be trailing stops slightly tighter than standard Kelvin. Good trading.

with u/j this month i've had approx 200 pips using ib and approx 200 pips the other way i trade. The ib way is very similar to Kelvins way. as an example on the 7th sept uj high 7764 and low 7707,,,,,on the 13th sept the uj was high7725 and low 7680,,,, thats what my broker charts say, i do go off middle prices as well. its a pity we cannot all see the same thing. happy trading happydays

cool,

billy, can u tell us about this 'other way' u trade? it sounds like its a good way to trade channels/ranges when the trend just refuses to go..

alto

edit: well guys (and gals if any are lookin) I decided to wrap up my live trading for this month. My accnt gained 25% since starting PTT on 8/29. I am still demo trading to try and practice some more. I've noticed that my trade pattern is 8-10 losses until I hit enough good trend trades to hit my 10% wash. (I did cheat a bit and set my last wash so I can get a nice round $500 as my acc bal.) So lose approx 300 pips to end up winning approx 400-500 pips. In my case it was take a 6-8% hit to end up winning 10% (of balance of accnt before any trading). Hope I didn't screw things up by stopping early, but taking profit and not worrying about losing profit earned already, just feels right.

edit edit: Hmmph, I set a bunch of trades just before I wrote the above edit, and already it's up $37. That coulda helped out my little accnt. Oh well, it's always easy to make demo dollars..

Morning from UK, Hi Alto good luck with live trading.The other way i trade is ahem( looks around room) a secret. I do give clues such as i go off specific times not news etc and i will raise my stakes following a loss if i have one. i trade the way we are told not to. If i opened a thread as to what i do i would probably be taken apart by the so called good traders but i win consistently. Kelvins thread is a good way and as he says it can be tweaked to your own style. some advice if your nervous dont keep watching your trade once its made just let it roll. i make more money when i am not watching lol and i get edgy and shut my trades too early when i do. happy trading happy days

Thanks billy,

That's good advice.. about not watching your trades 24/5. I am guilty of that.. well, at least i check em about every hour or so. U can just talk about your secret way of trading whenever u feel like sharing. No pressure. As for my decision to go on demo now.. wouldn't u know it, the prices really took off in their expected trend directions (based on ema) and, despite 2 small losses, are up $60!

I was wondering if there is some indie or ea that will keep track of the highest open float achieved. I know that global variables keeps track of largest floating loss, but how do we also keep track of largest floating gain.. for example, if open profit hit $62 at it's highest, I want a way to see $62 reported as the high float since the indie/ea was started. Just picking here, but it would be nice to squeeze out another % or 2 on top of my 10% wash.

hope I was understandable, good trading all,

alto

alto, account sentry will track your floating loss and profit. I think i've sent it to u before, but shout if not.

Friends, There is an IB on eur/gbp daily today. I am long at 0.8780, TP 0.8841.
Pl. express your opinion.

it is a valid IB. How did you enter? My charts dont show a topside breakout...

Olu

Olu, at 4 pm est new york mkt close, daily showed top as 0.8785 and low as 0.8707, so according to my theory we go long, also note hammer candle with long tail so it will go up. You can see all this in my chart if you magnify it!

yes I see it...

Olu

hi alto, i cannot really help you with what you asked. i keep it all simple if i have to think about something i discard it lol. Someone just mentioned the eur/gbp being ib, i have it here as well i may just take a trade after checking it out.Your uj is currently freaking me out but i'm managing to rake some pips in the hard way. happy trading happy days

The 50 EMA is pointing lower. I have order to go short @ 8708.00 at the low of yesterdays IB.

yes your right zall, i might leave it due to it looking dodgy but who am i to say lol. there are a few others pending, happy trading happy days

going Kelvins way the eur/gbp was the ideal set up with the high starting after 50 ema but obviously its dipped, another kelvin set up looks like the eur/cad but with the weekend approaching it might be difficult to follow, happy trading happy days

Hi all,

have a good weekend everyone. I am finding it quite hard to sit it out till next month, but at least there's demo. I put the sentry ea on there to watch what the max floating profit was and it hit $72. I'm reading "Trend Commandments" and it's good, because of all the trend trading talk, but I find it a little hard to read and it's slow going.. I think cuz it jumps around alot and is more like the author's rant on why trend trading is so good.. and btw, it is. I find myself rethinking some of my trading while reading and have decided to just use a 30 sl on every pair.. even gj. Let's see if it makes a difference or not..

Hi Guys
It seems to me there are always lots of I/Bs on a friday as markets slow down and close early. So how do we handle this? Do we put pending orders in just before market close or do we wait and see where price is on market open on sunday and go straight in with market order if price has gapped above/below I/B? Would be very interested to get views from people who are still trading this system. For my part am trading this using a very small real money account with 0.01 lots, made over 600 pips last week.
Kind Regards
Geoff

Alto I missed it. Why are you sitting out the rest of the month? Do you have a monthly % you shoot for? Excellent will power if that's the case

sandy

Hello Sandy and all,

I guess the reason I chose to wait it out till next month is bcuz I am very satisfied with my ROI so far, I don't want to mess things up and lose some (This is my first real go at manual trading.. even though I've been live with ea's and have tried several manual systems on demo before) I feel kinda like I started running downhill a bit too fast and so I need to slow down and catch myself now. Also, I want to force some self discipline on myself by NOT trading, even when I am soooo tempted to do so.

Geoff, I have always felt that an IB is really just a good, convenient, easy to spot place to enter into a trend and that's why it works for this method. I think one of the goals is for us to catch or get into a nice trend move. I even imagine how a surfer will put himself (or herself) in front of a wave and then try to get up and ride that wave. So, if u feel that there is a good trend move happening and u also see an IB (on any day, even friday right before market close or on sunday) then I would go ahead and place a stop order.