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Weekly/h4 trend trading - flow

  • #81
  • Apr 10, 2014 4:43am Apr 10, 2014 4:43am
Hi Pat.. nice to see you here..

Added a new short to EA H4
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tradewith60
  • #82
  • Apr 10, 2014 5:32am Apr 10, 2014 5:32am
don't exit because it's retracing,

you know it's going to retrace, it always does, that's the market.

if you're going to exit now then you might as well exit when its at the high.

sp500 h4
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tradewith60
  • #83
  • Apr 10, 2014 6:59am Apr 10, 2014 6:59am
If the weekly is trending down and you keep selling the high of the week or high of the day and then wait, you will make money.

You will have drawdowns and you will only have about 30% of your entries survive...

and you will have very big wins far bigger than ANY day trading strategy...

This is why the most successful fund managers as long as there has been trading Trend trade.
tradewith60
  • #84
  • Apr 10, 2014 11:05am Apr 10, 2014 11:05am
Quoting 60minuteman
Hi Pat.. nice to see you here..
thanks

don't post that much, but I do read your thread(s) and posts very frequently. I really like the simplicity of your message.
Though I do have to admit some sort of ... issues ... with low RR methods... You know, losing is mean
I remember one of J16 posts saying something like it's frustrating now but wait for in 2 years from now.
I stick to it, as I know its power. Slow and steady

Take care
Slow & steady
  • #85
  • Apr 10, 2014 12:52pm Apr 10, 2014 12:52pm
Quoting 60minuteman
If the weekly is trending down and you keep selling the high of the week or high of the day and then wait, you will make money. You will have drawdowns and you will only have about 30% of your entries survive... and you will have very big wins far bigger than ANY day trading strategy... This is why the most successful fund managers as long as there has been trading Trend trade.
HI BRO, NICE TO SEE LONG TERM TREND TRADING,I TRYED TRADING SHORT TIME FRAMS AS 15 MIN AND 5 MIN ,ONE DAY IN PROFIT ,FOUR DAYS IN MOSTLY IN LOSS,I WILL TRY THIS SYSTEM FORM NOW ON ,THANKS FOR SHARING WITH US THIS SIMPLE BUT EFFECTIVE TREND TRADING SYSTEM,ONE DOUBT WILL YOU TRAIL YOUR STOP ON THE SECOND RUNNING POSITION OR DONT MOVE STOP,R U STILL USE 5O SMA AS 100 EMA ON DAILY.SORRY FOR MY ENGLISH
  • #86
  • Apr 10, 2014 1:12pm Apr 10, 2014 1:12pm
Quoting rajini
{quote} HI BRO, NICE TO SEE LONG TERM TREND TRADING,I TRYED TRADING SHORT TIME FRAMS AS 15 MIN AND 5 MIN ,ONE DAY IN PROFIT ,FOUR DAYS IN MOSTLY IN LOSS,I WILL TRY THIS SYSTEM FORM NOW ON ,THANKS FOR SHARING WITH US THIS SIMPLE BUT EFFECTIVE TREND TRADING SYSTEM,ONE DOUBT WILL YOU TRAIL YOUR STOP ON THE SECOND RUNNING POSITION OR DONT MOVE STOP,R U STILL USE 5O SMA AS 100 EMA ON DAILY.SORRY FOR MY ENGLISH
I am not against the idea of trailing stops on one position, in fact if I was using H1 to enter at the extreme of daily each day then I would.

I do move my stops up but try to avoid doing it quickly
tradewith60
  • #87
  • Apr 10, 2014 2:32pm Apr 10, 2014 2:32pm
Quoting 60minuteman
{quote} I am not against the idea of trailing stops on one position, in fact if I was using H1 to enter at the extreme of daily each day then I would. I do move my stops up but try to avoid doing it quickly
thanks for your reply,do you still use 50 sma or 100 ema on daily chart
  • #88
  • Apr 10, 2014 3:17pm Apr 10, 2014 3:17pm
Quoting rajini
{quote} thanks for your reply,do you still use 50 sma or 100 ema on daily chart
I am using the 100ema on daily. Now the decision relies a lot on how long you want to stack your positions. If you only want to build stacks of 4-5 positions then TP the 50 will probably be better. I personally am looking for the 7-10 stacks or more. The 100 will often keep you in one direction all year and the drawdowns are longer and deeper, but, the rewards are also bigger.....
tradewith60
  • #89
  • Apr 11, 2014 1:01am Apr 11, 2014 1:01am
Quoting 60minuteman
{quote} I am using the 100ema on daily. Now the decision relies a lot on how long you want to stack your positions. If you only want to build stacks of 4-5 positions then TP the 50 will probably be better. I personally am looking for the 7-10 stacks or more. The 100 will often keep you in one direction all year and the drawdowns are longer and deeper, but, the rewards are also bigger.....
thanks again,that explains everything i will start with 100 ema on daily chart,one more thing does 100ema on 4 hr has any play in system
  • #90
  • Apr 12, 2014 9:38am Apr 12, 2014 9:38am
Took +1400 off EA

H4 EA
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tradewith60
  • #91
  • Apr 12, 2014 1:08pm Apr 12, 2014 1:08pm
60Minuteman, thanks for the system. What ema do you have on the EA chart. Thanks
  • #92
  • Apr 12, 2014 2:59pm Apr 12, 2014 2:59pm
Quoting ayour2a
60Minuteman, thanks for the system. What ema do you have on the EA chart. Thanks
Im using the 100ema on DAILY - so thats the 600ema on H4... glad you like it, Trend trading is the way!
tradewith60
  • #93
  • Apr 12, 2014 3:14pm Apr 12, 2014 3:14pm
Quoting 60minuteman
{quote} Im using the 100ema on DAILY - so thats the 600ema on H4... glad you like it, Trend trading is the way!
Great! Was wondering too the value of ema there. Thanks for the system, 60minuteman. I really like it .

BTW, how did your screen name come about, if I may ask?

Have a great weekend.
  • #94
  • Apr 12, 2014 3:18pm Apr 12, 2014 3:18pm
Quoting toppo qqq
{quote} Great! Was wondering too the value of ema there. Thanks for the system, 60minuteman. I really like it . BTW, how did your screen name come about, if I may ask? Have a great weekend.
Thanks Toppo,

I have been playing around with different frequency MA's for bias, I like the fact that the slower 100 keeps you in the weekly trends that can go on all year
tradewith60
  • #95
  • Apr 12, 2014 4:04pm Apr 12, 2014 4:04pm
Hi 60mm. I know you mentioned you do not want this thread to be a thread for explaining this strategy, but more as a journal for your trades. Is there somewhere else - blog, video, thread or something where you have explained this strategy clearly? I am still not clear on a few things. Thanks
  • #96
  • Apr 12, 2014 4:11pm Apr 12, 2014 4:11pm
Quoting danjuma
Hi 60mm. I know you mentioned you do not want this thread to be a thread for explaining this strategy, but more as a journal for your trades. Is there somewhere else - blog, video, thread or something where you have explained this strategy clearly? I am still not clear on a few things. Thanks
Not really Dan... but i'm happy to explain some stuff if you like..what part do you need clarifying?
tradewith60
  • #97
  • Apr 12, 2014 4:29pm Apr 12, 2014 4:29pm
this is a weekly chart of GJ for the last 18 months, with a 20EMA...

Obvious trend up, We just need to buy the low of every week and wait
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....?
tradewith60
  • #98
  • Apr 12, 2014 4:32pm Apr 12, 2014 4:32pm
here's the last year of EA weekly chart...

Find the trend (higher TF) buy the lows each week, hold them
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tradewith60
  • #99
  • Apr 12, 2014 4:36pm Apr 12, 2014 4:36pm
how do you find the low of the week?

go to lower TF (h4 or h1)

wait for it to make a low, wait for it to turn around and close up, buy the breakout - repeat until you have the low (opposites for short trend)

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that is all you need to do... the rest is just money management
tradewith60
  • #100
  • Apr 12, 2014 4:59pm Apr 12, 2014 4:59pm
Quoting 60minuteman
{quote} Not really Dan... but i'm happy to explain some stuff if you like..what part do you need clarifying?
Hi 60mm, thanks for th offer. Ok going back to this statement: "2. If the trend is long we go to H4 chart and we wait for a/ price to make a new low for the week. b/ a h4 bar to close up. c/ price to break out of the high."
If I use the chart below as an example (I am using a 100sma), and have already determined trend is down, so looking for a short trade. Am I correct in saying candle A will be the new high for the week, candle B has now closed down (a down bar), and candle C must break the low of (this is where I am confused) of candle B or is it candle C for us to take the trade? Also when do you add to (stack) the other trade you leave to run? Many thanks.
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