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Follow the Trend Let it be Your Friend

  • #1
  • First Post: Edited Jan 29, 2014 6:24am Dec 31, 2013 9:27am | Edited Jan 29, 2014 6:24am
Been working on a trend following method for some time, I'm going to be trading from H4 charts using the W1 and D1 charts for market direction. I'll post trades as they occur.

I've taken some indicators from the SonicR thread, thanks goes to TAH for building them, although the method doesn't necessarily need them to work it just makes the charts look clean.

I've posted the indicators and template I use.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 31st Dec 13 AUD:USD H4 Chart.png Size: 145 KB
Click to Enlarge Name: 31st Dec 13 AUD:USD D1 Chart.png Size: 137 KB
Click to Enlarge Name: 31st Dec 13 AUD:USD W1 Chart.png Size: 129 KB
Click to Enlarge Name: 31st Dec 13 AUD:USD H4 Chart 2.png Size: 376 KB
Attached File(s)
File Type: zip 34 EMA Tunnel W1:D1:H4.zip   158 KB | 640 downloads
  • #2
  • Dec 31, 2013 1:17pm Dec 31, 2013 1:17pm
Been in this USD/JPY trade since Dec 12th.

I've adapted the Fib tool by dividing point 0 to point 100 by 6 and then using three extensions in each direction of 1.618 --- 2 which is where I move to BE plus 3 pips to cover spread and 2.168 where I TP.
Attached Image (click to enlarge)
Click to Enlarge Name: 31st Dec 13 USD:JPY H4 Chart.png Size: 196 KB
  • #3
  • Dec 31, 2013 4:23pm Dec 31, 2013 4:23pm
Well, done..


TSD
  • #4
  • Dec 31, 2013 7:49pm Dec 31, 2013 7:49pm
Quoting stevepatt
Been in this USD/JPY trade since Dec 12th. I've adapted the Fib tool by dividing point 0 to point 100 by 6 and then using three extensions in each direction of 1.618 --- 2 which is where I move to BE plus 3 pips to cover spread and 2.168 where I TP. {image}

Please upload the indicators individually. Thank you very much.
  • #5
  • Edited 3:39am Jan 1, 2014 2:09am | Edited 3:39am
I missed out one indicator from the zip file which I have now attached to it in post one.

Here are the individual indicators and template
Attached File(s)
File Type: tpl 34ema tunnel w1 d1 h4.tpl   289 KB | 470 downloads
File Type: mq4 Fractals (Bill Williams).mq4   6 KB | 448 downloads
File Type: ex4 hhLhhllHll.ex4   6 KB | 494 downloads
File Type: ex4 Magnified Market Price.ex4   3 KB | 430 downloads
File Type: ex4 RSIOMA (2).ex4   7 KB | 450 downloads
File Type: mq4 SonicR Control Panel (White).mq4   133 KB | 408 downloads
File Type: mq4 SonicR FFCal Panel (White).mq4   52 KB | 410 downloads
File Type: mq4 SonicR Filled Dragon (White).mq4   13 KB | 429 downloads
File Type: ex4 Spread(1).ex4   3 KB | 406 downloads
  • #6
  • Jan 2, 2014 1:53am Jan 2, 2014 1:53am
Entered the EUR/GBP trade on 31st Dec. the market is below both the Weekly and Daily 34 EMA tunnels.

There is a short trade setting up on the AUD/USD chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2nd Jan 14 EUR:GBP H4 Chart.png Size: 178 KB
Click to Enlarge Name: 2nd Jan 14 AUD:USD H4 Chart.png Size: 155 KB
  • #7
  • Jan 2, 2014 2:08pm Jan 2, 2014 2:08pm
Taken out on USD/JPY trade for 156 pips +1.75R

EUR/GBP still running +11 pips +0.18R

AUD/USD still running (-30) pips (-0.5)R
Attached Image (click to enlarge)
Click to Enlarge Name: 2nd Jan 14 USD:JPY H4 Chart.png Size: 142 KB
  • #8
  • Jan 2, 2014 10:58pm Jan 2, 2014 10:58pm
Quoting stevepatt
Entered the EUR/GBP trade on 31st Dec. the market is below both the Weekly and Daily 34 EMA tunnels. There is a short trade setting up on the AUD/USD chart {image} {image}
Taken out of AUD/USD trade for (-75) Pips (-1R)

EUR/GBP trade still running +16 pips 0.27R
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd Jan 14 AUD:USD H4 Chart.png Size: 137 KB
  • #9
  • Jan 3, 2014 2:20pm Jan 3, 2014 2:20pm
Entered two more trades EUR/USD and USD/CHF

EUR/GBP still running +45 pips +0.63R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3rd Jan 14 EUR:USD D1 Chart.png Size: 163 KB
Click to Enlarge Name: 3rd Jan 14 EUR:USD H4 Chart.png Size: 157 KB
Click to Enlarge Name: 3rd Jan 14 USD:CHF D1 Chart.png Size: 164 KB
Click to Enlarge Name: 3rd Jan 14 USD:CHF H4 Chart.png Size: 159 KB
  • #10
  • Jan 4, 2014 5:21am Jan 4, 2014 5:21am
If I have the time I will do weekly update of how things are progressing.

Week Ending 03/01/2014

(Trade 1) USD/JPY Entry 12/12/13 Exit 02/01/13 +156 Pips +1.75R

(Trade 2) EUR/GBP Entry 31/12/13 Still Running + 49 Pips +0.68R

(Trade 3) AUD/USD Entry 02/01/14 Exit 03/01/14 (-75) Pips (-1)R

(Trade 4) USD/CHF Entry 03/01/14 Still Running +18 Pips +0.26R

(Trade 5) EUR/USD Entry 03/01/14 Still Running +25 Pips +0.36R
  • #11
  • Jan 8, 2014 3:37pm Jan 8, 2014 3:37pm
(Trade 6)

Re-entered USD/JPY trade, long. Currently (-22) Pips (-0.19)R

Trade UP Date

(Trade 2) EUR/GBP at BE +4 Pips Currently +70 Pips 0.97R

(Trade 4) USD/CHF at BE +4 Pips Currently +74 pips 1.06R

(Trade 5) EUR/USD at +35 Pips ) 0.51R
Attached Image (click to enlarge)
Click to Enlarge Name: 8th Jan 14 USD:JPY H4 Chart.png Size: 152 KB
  • #12
  • Jan 9, 2014 1:29pm Jan 9, 2014 1:29pm
(Trade 7)

GBP/USD Long

For long positions I set a pending order, 6 pips, above the nearest Fractal level that is the most recent one above the 34 EMA Tunnel

For short positions I set a pending order, 3 pips, below the nearest Fractal level that is the most recent one below the 34 EMA Tunnel

I've uploaded a snap shot of a spread sheet i use to keep track of open positions, so I can see how much exposure I have
Attached Image (click to enlarge)
Click to Enlarge Name: 9th Jan 14 GBP:USD H4 Chart.png Size: 159 KB
Attached Image
  • #13
  • Jan 9, 2014 2:38pm Jan 9, 2014 2:38pm
Quoting stevepatt
Entered two more trades EUR/USD and USD/CHF EUR/GBP still running +45 pips +0.63R {image} {image} {image} {image}
Stop Loss hit on USD/CHF trade +35.9 pips +0.51R
Attached Image (click to enlarge)
Click to Enlarge Name: 9th Jan 14 USD:CHF H4 Chart.png Size: 134 KB
  • #14
  • Jan 11, 2014 8:38am Jan 11, 2014 8:38am
Quoting stevepatt
Entered the EUR/GBP trade on 31st Dec. the market is below both the Weekly and Daily 34 EMA tunnels. There is a short trade setting up on the AUD/USD chart {image} {image}
EUR/GBP (Trade 2) has hit it's SL for +40.9 Pips +0.57R
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Jan 14 EUR:GBP H4 Chart.png Size: 142 KB
  • #15
  • Jan 11, 2014 8:41am Jan 11, 2014 8:41am
Quoting stevepatt
Entered two more trades EUR/USD and USD/CHF EUR/GBP still running +45 pips +0.63R {image} {image} {image} {image}
EUR/USD (Trade 5) has hit it's SL for (-48.9) Pips (-0.71)R
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Jan 14 EUR:USD H4 Chart.png Size: 121 KB
  • #16
  • Jan 11, 2014 8:43am Jan 11, 2014 8:43am
Quoting stevepatt
(Trade 6) Re-entered USD/JPY trade, long. Currently (-22) Pips (-0.19)R Trade UP Date (Trade 2) EUR/GBP at BE +4 Pips Currently +70 Pips 0.97R (Trade 4) USD/CHF at BE +4 Pips Currently +74 pips 1.06R (Trade 5) EUR/USD at +35 Pips ) 0.51R {image}
USD/JPY (Trade 6) has hit it's SL for (-113.6) Pips (-1)R
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Jan 14 USD:JPY H4 Chart.png Size: 135 KB
  • #17
  • Jan 11, 2014 8:54am Jan 11, 2014 8:54am

Weekly update for:


Week Ending 10/01/2014


(Trade 1) USD/JPY Entry 12/12/13 Exit 02/01/14 +156 Pips +1.75R


(Trade 2) EUR/GBP Entry 31/12/13 Exit 10/01/14 + 40.9 Pips +0.57R


(Trade 3) AUD/USD Entry 02/01/14 Exit 03/01/14 (-75) Pips (-1)R


(Trade 4) USD/CHF Entry 03/01/14 Exit 09/01/14 +35.9 Pips +0.51R


(Trade 5) EUR/USD Entry 03/01/14 Exit 10/01/14 (-48.9) Pips (-0.71)R


(Trade 6) USD/JPY Entry 08/01/14 Exit 10/01/14 (-113.6) Pips (-1)R


(Trade 7) GBP/USD Entry 09/01/14 Still Running +5 Pips +0.05R

  • #18
  • Jan 13, 2014 1:59pm Jan 13, 2014 1:59pm
Quoting stevepatt
(Trade 7) GBP/USD Long For long positions I set a pending order, 6 pips, above the nearest Fractal level that is the most recent one above the 34 EMA Tunnel For short positions I set a pending order, 3 pips, below the nearest Fractal level that is the most recent one below the 34 EMA Tunnel I've uploaded a snap shot of a spread sheet i use to keep track of open positions, so I can see how much exposure I have {image} {image}
(Trade 7)

GBP/USD Long Stop Loss hit (-107.6) Pips (-1)R
Attached Image (click to enlarge)
Click to Enlarge Name: 13th Jan 14 GBP:USD H4 Chart.png Size: 128 KB
  • #19
  • Jan 15, 2014 1:11pm Jan 15, 2014 1:11pm
I have been following Ochuko's thread here in which he uses Daily Fractal flow for trade setups and the H1 TF to look for entries.

I don't trade it in the same way as he does but by using breaks of the Daily Fractal which are in line with the Weekly and Daily tunnels I have been finding strong setups
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15th Jan 14 EUR:USD W1 Chart.png Size: 144 KB
Click to Enlarge Name: 15th Jan 14 EUR:USD D1 Chart.png Size: 177 KB
Click to Enlarge Name: 15th Jan 14 EUR:USD H4 Chart.png Size: 181 KB
  • #20
  • Jan 26, 2014 9:59am Jan 26, 2014 9:59am
I've changed the way I look at the market, by looking to trade with the weekly and daily trend I'm getting into trades quite late on the H4 TF, which is where i enter my trades.

I've been looking for something that gets me into a trade earlier, I like using MAs in my trading so started to look at using the MACD indicator which is based on moving averages. The standard settings are the cross of the 12 and 26 EMAs with the 9 SMMA acting as the signal line.

I put a 12 and 26 EMA and the 9 SMMA on my chart and looked to see how the market reacts around these levels the chart below I hope demonstrates what I'm looking for.

I'm looking to get into a trade earlier and to set a smaller SL and so make my TP more attainable. I'll endeavour to post trades as and when I take them.

Any constructive criticism is more than welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: 26th Jan14 EUR:GBP H4 Chart.png Size: 175 KB
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