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PTT Method (Profitable Trend Trading) in Forex

  • #541
  • Feb 15, 2012 5:14am Feb 15, 2012 5:14am
+30 pips on G/J. I was trailing the previous bar on the 4hr chart and my stop was hit. (may have to re-think that strategy).
Cad/Jpy currently at +100 pips.

Had three trades last week allof which hit my 30 pip stop, so today is making that back again
  • #542
  • Feb 19, 2012 12:33pm Feb 19, 2012 12:33pm
Got a nice trade going at the moment triggered on the 16th. Currently at +173 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: PTT11.PNG Size: 33 KB
  • #543
  • Feb 20, 2012 9:07am Feb 20, 2012 9:07am
Quoting simmo24
Got a nice trade going at the moment triggered on the 16th. Currently at +173 pips.
Closed for +250 pips.
  • #544
  • Feb 20, 2012 9:12am Feb 20, 2012 9:12am
Quoting simmo24
+30 pips on G/J. I was trailing the previous bar on the 4hr chart and my stop was hit. (may have to re-think that strategy).
Cad/Jpy currently at +100 pips.

Had three trades last week allof which hit my 30 pip stop, so today is making that back again
Cad/Jpy closed for +96 pips
  • #545
  • Feb 21, 2012 3:04pm Feb 21, 2012 3:04pm
usdjpy - long (way overbought)
usdchf - short (perhaps the best option in this list)
cadjpy - long, only just by 0.002 on my terminal. Very overbought though)

please highlight any others you find...

Olu
If you think you can or cannot do it you are correct
  • #546
  • Edited 7:09am Feb 22, 2012 4:14am | Edited 7:09am
Yes USD/Chf is one to watch. Needs to break support @ 0.9089.
Keep an eye on Aud/Nzd for a short. It's not quite a inside bar on my platform, but close enough.
  • #547
  • Feb 23, 2012 7:01pm Feb 23, 2012 7:01pm
The only one I see is gbpusd (sell)

Pls post other ones you see

Olu
If you think you can or cannot do it you are correct
  • #548
  • Feb 23, 2012 9:26pm Feb 23, 2012 9:26pm
Hi Guys,

I've just finished reading through the thread over the past few days and I'm very excited to start trading this method from next week. I'm trying to overcome my fear of losses and this system appears to offer clear rules (aside from determining the trend) which will hopefully help me to just follow a process without letting my emotions takeover.

@ Olu & Simmo24 - I've notice that you both have kept with this system for sometime. You've obviously been profitable. Would you mind sharing some of your results over the last few months?

My broker is GMT +2, just wondering whether my daily bars will be the same. What GMT time are others watching?

Looking forward to testing this out.

  • #549
  • Feb 24, 2012 12:37am Feb 24, 2012 12:37am
still reading....very exciting method
  • #550
  • Mar 20, 2012 5:09am Mar 20, 2012 5:09am
Hi All

Been away for a while. I've been a bit busy with the day job . Also I've started to trade this system live and it's immediately gone quiet. Seems to be a lot of pairs in consolidation at the moment. I have had a couple of live trades which I made a small profit on, but closed to early (it's tougher leaving them alone trading live), but I'm sure I'll improve. I'll try to post some live trades, but I'm being a lot more selective now
  • #551
  • Mar 20, 2012 9:24am Mar 20, 2012 9:24am
Quoting simmo24
Hi All

Been away for a while. I've been a bit busy with the day job . Also I've started to trade this system live and it's immediately gone quiet. Seems to be a lot of pairs in consolidation at the moment. I have had a couple of live trades which I made a small profit on, but closed to early (it's tougher leaving them alone trading live), but I'm sure I'll improve. I'll try to post some live trades, but I'm being a lot more selective now
I know how the day job can affect things. It is important though even though I look to break free from it soon. It ha supported my lifestyle and family till now.

Olu
If you think you can or cannot do it you are correct
  • #552
  • Apr 5, 2012 4:57am Apr 5, 2012 4:57am
Got a trade running on this pair. Already took half off for +80 pips.
Had 3x 30 pip losses on other pairs before this.
Attached Image (click to enlarge)
Click to Enlarge Name: PTT12.PNG Size: 58 KB
  • #553
  • Apr 5, 2012 4:59am Apr 5, 2012 4:59am
Quoting gembug123
Hi Guys,

I've just finished reading through the thread over the past few days and I'm very excited to start trading this method from next week. I'm trying to overcome my fear of losses and this system appears to offer clear rules (aside from determining the trend) which will hopefully help me to just follow a process without letting my emotions takeover.

@ Olu & Simmo24 - I've notice that you both have kept with this system for sometime. You've obviously been profitable. Would you mind sharing some of your results over the last few months?

My...
The results are in the thread.
  • #554
  • Apr 8, 2012 4:58pm Apr 8, 2012 4:58pm
usdchf (long)
gbpusd (long)
eurcad (short)
gbpaud (long)
gbpcad (long)
usdsgd (short)
oil (long)
If you think you can or cannot do it you are correct
  • #555
  • Apr 14, 2012 12:09am Apr 14, 2012 12:09am
Any new trend forming?
  • #556
  • Apr 16, 2012 3:55am Apr 16, 2012 3:55am
Closed out two trades for +49 pis & +71 pips. The screen prints shown are 1 hour charts for clarity, the trades were taken off the Daily chart inside bars.
Waiting for a way back in the trades, probably IB off the 1 hour.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: PTT14.PNG Size: 20 KB
Click to Enlarge Name: PTT15.PNG Size: 28 KB
  • #557
  • Apr 16, 2012 4:20am Apr 16, 2012 4:20am
Quoting simmo24
Closed out two trades for +49 pis & +71 pips. The screen prints shown are 1 hour charts for clarity, the trades were taken off the Daily chart inside bars.
Waiting for a way back in the trades, probably IB off the 1 hour.
What moving averages do you use?
Seek not to change the world; seek only to change your mind about the world
  • #558
  • Apr 16, 2012 4:38am Apr 16, 2012 4:38am
Quoting gez40
What moving averages do you use?
10 ema, 21 sma and the one recommended at the beginning of the thread explaining the method the 50 ema.
  • #559
  • Apr 16, 2012 5:01am Apr 16, 2012 5:01am
Prime candidate for a breakout.
Attached Image
  • #560
  • Apr 16, 2012 5:02am Apr 16, 2012 5:02am
just a quick question for the pending order what if it doesnt trigger on the next candle but made new high or low do we cancel the order? for eg a pending long, the next candle made a lower low do we cancel the buy order?
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