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Weekly/h4 trend trading - flow

  • #1
  • First Post: Edited Mar 31, 2014 1:51pm Mar 23, 2014 7:17am | Edited Mar 31, 2014 1:51pm
Bias: Daily close 50sma (favouring a 100ema now, much slower but keeps you in the longest trends)

entry: H4/weekly extreme

money management: Double entry

target: Entry 1 weekly s/r / entry 2 position trade monthly diversification

instruments: Gold, eur/au, gbp/jpy, sp500
tradewith60
  • #2
  • Mar 24, 2014 3:05am Mar 24, 2014 3:05am
Short ea h4
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long sp500 h4
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tradewith60
  • #3
  • Mar 24, 2014 4:01am Mar 24, 2014 4:01am
hi 60,

are you using h4 power strategy where entry is based on h4 engulfing bar while using weekly s/r as target and SL ?

mind explaining whats double entry for your money managemnet ?
  • #4
  • Mar 24, 2014 4:34am Mar 24, 2014 4:34am
GJ SHORT H4
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tradewith60
  • #5
  • Mar 24, 2014 4:38am Mar 24, 2014 4:38am
Quoting RubyTrader
hi 60, are you using h4 power strategy where entry is based on h4 engulfing bar while using weekly s/r as target and SL ? mind explaining whats double entry for your money managemnet ?
not planning on doing any strategy explanations here Ruby, but im just buying / selling the pullbacks in higher TF trend. One entry will be a swing trade and one will be to build a position in the trend. Very simple trend trading with focus on profits instead of win rate.
tradewith60
  • #6
  • Mar 24, 2014 5:59am Mar 24, 2014 5:59am
Can I ask how you decided on the instruments you did? Gold and SP500 I understand, IMHO their fundamental characteristics lend themselves nicely to your strategy, but why did you choose eur/aud and gbp/jpy as the only currency pairs to trade?
si hoc legere scis nimium eruditionis habes
  • #7
  • Mar 24, 2014 6:15am Mar 24, 2014 6:15am
Quoting numbnuts
Can I ask how you decided on the instruments you did? Gold and SP500 I understand, IMHO their fundamental characteristics lend themselves nicely to your strategy, but why did you choose eur/aud and gbp/jpy as the only currency pairs to trade?
I would like to say it was based on some deep understanding of the fundamentals and on some quantifiable data... but really I just picked a mixed bag that covers most of the majors and that have shown a tendency to trend.
I'm in a transitional period with my trading from trading intra-day and talking about the advantages of holding trades longer, too actually developing long term strategies and building positions in the market. I am planning on adding more instruments once I have proven to myself that I can manage a few successfully.
tradewith60
  • #8
  • Mar 24, 2014 3:06pm Mar 24, 2014 3:06pm
SP500 H4 long

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tradewith60
  • #9
  • Mar 25, 2014 5:03am Mar 25, 2014 5:03am
Hi 60minuteman,

Just quickly stopping by to show you my appreciation for your work and your style
PipsEASY and you made it click
Don’t ever let someone tell you that you can’t do something.
  • #10
  • Mar 25, 2014 6:36am Mar 25, 2014 6:36am
Quoting Armacom
Hi 60minuteman, Just quickly stopping by to show you my appreciation for your work and your style PipsEASY and you made it click
thanks, nice post!
tradewith60
  • #11
  • Mar 25, 2014 7:46am Mar 25, 2014 7:46am
gold daily / closed on the ma / had to make a decision on bias, decided on short

Terrible period for trend trading, but just need patience and discipline...

DAILY
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H4 short
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tradewith60
  • #12
  • Mar 27, 2014 11:49am Mar 27, 2014 11:49am
Crappy trends right now, still up around 1200 open pips, banked 150 (not a great decision) and about 500 costs....

Decent start, but potential is much higher if we see some trends develop.

Considering other trend/bias indi's at the moment (always playing with that!)

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tradewith60
  • #13
  • Mar 28, 2014 10:36am Mar 28, 2014 10:36am
Added a GJ long, possible long trend resumption

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tradewith60
  • #14
  • Mar 28, 2014 12:44pm Mar 28, 2014 12:44pm
week 1 results

swing entries:
EA +215
GJ -90 -87 +95
SP500 -121 -63
GOLD +189
NET: +138

Position entries:
open:
EA +294 +446
GJ +96
GOLD +165
losses:
GJ -90 -87
SP500 -121 -63
NET: +640
tradewith60
  • #15
  • Mar 28, 2014 12:46pm Mar 28, 2014 12:46pm
week1 entry summary

gold
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ea
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sp500
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gj
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tradewith60
  • #16
  • Mar 29, 2014 10:43am Mar 29, 2014 10:43am
Hey 60,how can ou combenate your trades with weekly and h4 timefream ?
  • #17
  • Mar 29, 2014 12:16pm Mar 29, 2014 12:16pm
Quoting BogiFX
Hey 60,how can ou combenate your trades with weekly and h4 timefream ?
Hi BogiFX, this does use weekly and h4, I am using h4 entries at the high or low of the week.
tradewith60
  • #18
  • Mar 29, 2014 12:20pm Mar 29, 2014 12:20pm
Quoting 60minuteman
{quote} Hi BogiFX, this does use weekly and h4, I am using h4 entries at the high or low of the week.
So totaly you are trading weekly.How do you trade, i mean you use any supply/support ? PA ? any indicator ?
  • #19
  • Mar 29, 2014 1:50pm Mar 29, 2014 1:50pm
Quoting BogiFX
{quote} So totaly you are trading weekly.How do you trade, i mean you use any supply/support ? PA ? any indicator ?
No technical analysis at all. Just get the direction from the daily and weekly trend, if the trend is long I buy the low of the week using h4 and vice versa for short
tradewith60
  • #20
  • Edited 3:08pm Mar 29, 2014 2:17pm | Edited 3:08pm
Quoting 60minuteman
{quote} No technical analysis at all. Just get the direction from the daily and weekly trend, if the trend is long I buy the low of the week using h4 and vice versa for short
So you are kinda hunting hight/low's shadows.Waiting to see some more SS's of your trades.
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