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Nearly Naked (Simple Trades)

First, what is going on with the forum. Has it been downgraded? Really irritating. Anyway, great information being shared by some pros, when I have more time I will post something of substance. Keep up the good work, I believe this is one of the best threads in the forum.

Next time I will share a chart.
Attached Image
This report contains: Econometric, Technical, cyclical fundamental and order flow analysis.

It’s exclusively designed for professional traders.

Made by Gino

(Anyone who wants this report via email, just send me an email to [email protected]) I usually post the report at this hour. (10 pm GMT -6)
Guys any doubts or questions will be solved on Weekend. I will make a FAQ with any questions you have.
(Also if I missed any subscriber please let me know ASAP)

GL to all this week,
Attached File
File Type: pdf 7.11.2012.pdf   657 KB | 183 downloads
I'm so stuck in EU...
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Quoting shahab8b
Here is my conceptual framework and identification of major trend cycle which indicates what trading method you should adapt to get the best result in various market conditions.
hmmm.....if you dont mind, can i call it left(side side) vs right(right side)....i have a question:what if your situation on the left(trend reversal patterns, consolidatation...etc)...is situated in the middle of a major trend(right side)?

For trend reversal, i look for a 1,2,3 formation on the daily...followed by a breakout, retest, continuation.... that works for me.

Quoting shahab8b
Here is an example of daily trend cycles on Gold
thanks. i appreciate this. the thorough breakdown.

so, you use the indicator to filter trend reversal? any reason you do not use the CCI? i am not a big student of indicator myself...however, hanover wrote some solid stuff on it.

p.s. to be honest, i have nothing much to add, really. your depiction is soo crystal clear.

thanks,

respectfully,

skynet
" It may mean something. It may mean nothing at all "
Quoting Forexgogo
I'm so stuck in EU...
I'm pulling my hair out!
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Quoting TradeYourEdg
Hi shahab8b,

Hope you don't mind me asking.

Price would often re-test the trendline but your SL is pretty tight/low. Is that because you don't expect price to retest the trendline after such a big move from Kiwi?
Hi,
It usually does. But as you mentioned the fall was far below the TL, I didn't expect that to be re-tested. The SL was chosen based on RRR and above fib 61, which I would have considered it a failed trade if it had been touched. Now that the price has dropped, the SL is moved much tighter.
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Quoting Forexgogo
I'm pulling my hair out!
You need to differentiate between a counter trend and a trend following trade. Your EU trade we a counter trend trade, nothing is wrong with that, but you need to get your setup right.
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Quoting Skynet
hmmm.....if you dont mind, can i call it left(side side) vs right(right side)....i have a question:what if your situation on the left(trend reversal patterns, consolidatation...etc)...is situated in the middle of a major trend(right side)?

For trend reversal, i look for a 1,2,3 formation on the daily...followed by a breakout, retest, continuation.... that works for me.



thanks. i appreciate this. the thorough breakdown.

so, you use the indicator to filter trend reversal? any reason you do not use the CCI? i am not a big student...
Hi skynet,

I think of that more like cycles that follow each others repeatedly. You can have a consolidation anywhere, mostly after you got your established trend, but that's not always the case. The point I wanted to make here was when you recognize your cycle, you should pick the right trading method. For instance, we all know trend following methods will kill you in a range/irregular market or a method solely based on S/R levels will fail when you have a fast trending market with vertical move. So the approach is to 1)identify the market condition (based on the trend cycles I suggested here) 2) to chose the right trade method. Hope it helps.
Quoting shahab8b
You need to differentiate between a counter trend and a trend following trade. Your EU trade we a counter trend trade, nothing is wrong with that, but you need to get your setup right.
Yes, sir. I completely misread. 4H divergence blinded me....
Quoting gino32
This report contains: Econometric, Technical, cyclical fundamental and order flow analysis.

It’s exclusively designed for professional traders.

Made by Gino

(Anyone who wants this report via email, just send me an email to [email protected]) I usually post the report at this hour. (10 pm GMT -6)
[b][font=&quot]Guys any doubts or questions will be solved on Weekend. I will make a FAQ with any questions...
Hi there,
You may want to correct some parts, like the one you are talking about the MACD divergence which is not right. The divergence between the price and an oscillator/indicator by definition is when there is discordancy between the price and oscillator/indicator.
Quoting Forexgogo
Yes, sir. I completely misread. 4H divergence blinded me....
Divergence trading is my fav. I'm giving an example on UCHF: 1) identify div in the bigger TF (here daily) 2)trade on the smaller TF (here 4hr)
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Quoting shahab8b
Hi,
It usually does. But as you mentioned the fall was far below the TL, I didn't expect that to be re-tested. The SL was chosen based on RRR and above fib 61, which I would have considered it a failed trade if it had been touched. Now that the price has dropped, the SL is moved much tighter.
Hi shahab8b,

And the new stop is based on the previous 23.6 Fib level? Or did you just pick a (apprx) 20pip stop?

RRR = Reward Risk Ratio?

Ps sorry for the constant questions. Just trying to understand the logic of your stop loss management
Know Your Trading Edge and Trade It
Quoting shahab8b
Divergence trading is my fav. I'm giving an example on UCHF: 1) identify div in the bigger TF (here daily) 2)trade on the smaller TF (here 4hr)
Nice example.

ps. sorry, bias here cause I took a similar set up on USDSGD (on the 4hr).
Know Your Trading Edge and Trade It
Quoting shahab8b
Divergence trading is my fav. I'm giving an example on UCHF: 1) identify div in the bigger TF (here daily) 2)trade on the smaller TF (here 4hr)
Master shahab8b

These are the most significant charts that I've seen this year in terms of utilizing fibs.
Using fibs on lower TFs, I can find safe entry points in divergence tradings that in many cases are the counter-trend trading.

I'm very fortunate that I started following this thread!!
Thank you very much!
thanks. i understand what you are saying. cool.


Quoting shahab8b
Hi skynet,

I think of that more like cycles that follow each others repeatedly. You can have a consolidation anywhere, mostly after you got your established trend, but that's not always the case. The point I wanted to make here was when you recognize your cycle, you should pick the right trading method. For instance, we all know trend following methods will kill you in a range/irregular market or a method solely based on S/R levels will fail when you have a fast trending market with vertical move. So the approach is to 1)identify the market condition...
" It may mean something. It may mean nothing at all "
confluence, confluence, confluence...
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Quoting Forexgogo
confluence, confluence, confluence...
Hit SL -15
Have a great weekend!!
Hey there,

Good trades, good examples & good advices from good traders, Super thread, keep it up guys. Here is one trade that I closed with 140 pips in gold long, now I have reversed the position into short which is +75 pips & I will reverse again to long once it reaches to 1720 level. I will upload my sell trade later today as I have to search for the screen shot I took, in the mean time have took for my long trade...
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Quoting TradeYourEdg
Hi shahab8b,

And the new stop is based on the previous 23.6 Fib level? Or did you just pick a (apprx) 20pip stop?

RRR = Reward Risk Ratio?

Ps sorry for the constant questions. Just trying to understand the logic of your stop loss management
I usually choose my SL based on either Standard Deviation of the trading TF or above/below certain S/R levels.
Quoting Forexgogo
confluence, confluence, confluence...
You're getting there.
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