Just triggered short on continuation for AUDUSD. Missed the GBPUSD trade. Nice. May look to book profits prior to Fed Minutes this afternoon.
Trend Manager Trading System 153 replies
trading system opposite to trend 1 reply
DislikedJust closed all at +10% in 3 days. Brilliant stuff in a trending market. I'm very interested to see what happens when the trend changes and how quick we all are in spotting it and flipping direction.Ignored
DislikedI also had similar results since Friday. There still are few shorts running. Lets see what happens at close of day today. I will report my % gain or loss today after close.
Just a thought. Why don't we create an EA for this strategy. Seems pretty straight forward with not too much confusion.Ignored
DislikedFirst I will be very happy to see the market retracing again. These long drawn out trends that just run slowly drive me nuts. But the answer is yes, I will look to reenter, it is time for the gbp to go the other way for a while after a nice move up.Ignored
DislikedHmm....I guess the traders are all waiting for something to push one direction, its better to be on the side to watch first..Ignored
DislikedFor all your robotic needs:
DislikedEU hit my trailing stop for 50 pips. I am wondering whether to even move my SL to break even. Because when I backtest strictly by the rules, the results are way better then if I break the rules and take quick profits.
The rule I broke was exiting b4 the slope becomes higher than -0.8Ignored
DislikedThanks but he does not seem to be interested in developing an EA for this one.Ignored
DislikedJust got back to my computer and saw this AUDUSD trade lining up. I took it on the M15 but it might have been better to take it on the H1.
1. TMA Slope is downtrending on daily and H4
2. Top TMA of M15 and H1
3. Bounce off pivot and then a touch of the 5MA to get in.
Been pretty good to me this week so far, let's see if the US session wants to bring it down further.Ignored
DislikedA mention of QE3 in the minutes this afternoon may turn the current trend and bias in the near term. If it happens, I will wait to see if some of the weekly and monthly pivots hold and play then back in the direction of the main trend with fairly close initial stops. Just my .02Ignored
DislikedI don't see QE3 coming as recent reports on US economy have been decent (atleast on paper as it appears). So ride the shorts is my call. A spike is expected in up direction but I would ignore it.Ignored
DislikedI came across this system at the beginning of April, started it off on demo and went live at the beginning of May on a micro account. As it stands 16 days later, my account has 1500 pips in the bag. This system has to be the simplest and most powerful one around and I cannot thank you enough for sharing it. The instructions are clear and well thought out and obviously took a great deal of time to produce. Thank you Bob..!Ignored
DislikedThis is great news for all of us. This will enhance confidence in this method. Is it possible for you to share your trades with us so we mutually learn.
Basic rules are same as look at D1, slope colour, break of monthly pivot or S1 or R1 and goto H4 and trade when slope is in line with D1 and breaks weekly pivot, S1 or R1. Did you follow them exactly or tweaked it a bit. I am interested to know. So far I have bagged in last 4 days around 500 pips.Ignored