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Trend Trading System

  • #281
  • Sep 25, 2014 11:34pm Sep 25, 2014 11:34pm
Quoting N2FX
The Longs on CHF-JPY and EUR-JPY went upwards nicely at the entry point and the break of the last 4 hour top! I'm not going to post any more trade calls here, or post charts since we can read the thread and see how Fartist Charts are setting up to make trades. Have good trades and see you all... N2FX
Hi N2FX,

Thank you for your continued contributions as I appreciate them!

I'm glad you have found your 'thing' in the market through the trend trading approach.

Fartist
Whether you can or you can't, you are both right.
  • #282
  • Sep 26, 2014 3:33am Sep 26, 2014 3:33am
Hey Traders!

The month of September is coming to an end, thus i thought i share with you the trades i took this month.

If you looked back the previous pages, most of these trades are highlighted out before i took them.

6 trades as of now. 1 hit SL and the other 5 running.

Green line is my entry price and red line is my Stoploss.

I hope it's now clear to you guys how i trade the trend.

Feel free to ask me any questions if any.

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Fartist
Whether you can or you can't, you are both right.
  • #283
  • Sep 26, 2014 4:05am Sep 26, 2014 4:05am
excellent trades
  • #284
  • Sep 26, 2014 4:11am Sep 26, 2014 4:11am
Quoting 21vs7
excellent trades
Simply trading what i see.

For all we know price could reverse and hit my SL on the remaining 5 trades.

But hey, the downside is covered and that's all i need to know

Fartist
Whether you can or you can't, you are both right.
  • #285
  • Sep 26, 2014 8:49am Sep 26, 2014 8:49am
Quoting fartist
{quote} Simply trading what i see. For all we know price could reverse and hit my SL on the remaining 5 trades. But hey, the downside is covered and that's all i need to know Fartist
nice trading fartist! ...but how do you protect your treads who is allready in profit? SL to BE? Partial profits? Trailing stop? Something that i realy want to know

thanks
Pressure shapes Legends
  • #286
  • Sep 26, 2014 8:52am Sep 26, 2014 8:52am
Quoting Juri
{quote} nice trading fartist! ...but how do you protect your treads who is allready in profit? SL to BE? Partial profits? Trailing stop? Something that i realy want to know thanks
I don't set trades to breakeven.

I typically exit one of 2 ways.

A close beyond the 50 EMA or when price forms a higher high against me (if i'm short)

Fartist
Whether you can or you can't, you are both right.
  • #287
  • Sep 26, 2014 4:20pm Sep 26, 2014 4:20pm
Hi Fartist (and everyone!)
I wanted to keep you updated with my week results as you told me. It has been another good week, with 4 successful trades y 2 stopped out. I decided to work on my exits as you suggested, and I let half of the position run, and I must admit it has been extremely profitable. I set the TP at double amount of pips than the half position,and 3 out of 4 hit it! The remaining one is still running, so it might get to 4 out of 4. It is the third week in a row with good profits (14%, 10%, 13%), since I started to follow your advices, so I am really gratefull to you. I will keep on practising, cant wait to jump into live account.
By the way, nices trades. I have also traded AUDUSD this month twice, it is going really strong.
Good night!
  • #288
  • Sep 27, 2014 12:51pm Sep 27, 2014 12:51pm
Quoting fartist
{quote} I don't set trades to breakeven. I typically exit one of 2 ways. A close beyond the 50 EMA or when price forms a higher high against me (if i'm short) Fartist
This is very usefull for the exit strategy. Thanks a lot fartist!
  • #289
  • Sep 28, 2014 2:25am Sep 28, 2014 2:25am
Quoting Gonzalon
Hi Fartist (and everyone!) I wanted to keep you updated with my week results as you told me. It has been another good week, with 4 successful trades y 2 stopped out. I decided to work on my exits as you suggested, and I let half of the position run, and I must admit it has been extremely profitable. I set the TP at double amount of pips than the half position,and 3 out of 4 hit it! The remaining one is still running, so it might get to 4 out of 4. It is the third week in a row with good profits (14%, 10%, 13%), since I started to follow your advices,...
Hi Gonzalon!

That is fantastic results! Very delighted to know that

Also with regards to your exit strategy, there's no right or wrong way to go about it. This time you set your 2nd half at twice the TP. But what if you set it at 10 times 20 times or simply trail your stops accordingly? You never know.

The main essence is you need to let your trade run. How much to let it run and how far to let it run is entirely up to you.

Keep up the good work and you're one step closer to the other side, the consistently profitable side.

Fartist
Whether you can or you can't, you are both right.
  • #290
  • Sep 28, 2014 6:59am Sep 28, 2014 6:59am
Quoting fartist
{quote} I don't set trades to breakeven. I typically exit one of 2 ways. A close beyond the 50 EMA or when price forms a higher high against me (if i'm short) Fartist
Hi Fartist, sorry to quote twice the same message but I have a query. When you say "a close beyond the 50 EMA", you mean the lowest Time Frame EMA? For example, if you are trading H4, Daily and weely, you exit when the price closes beyond the 50 EMA in H4.
Thanks for answering my message and keep giving me advices, I really appreciate them, will keep on working on my exits.
  • #291
  • Sep 28, 2014 9:32am Sep 28, 2014 9:32am
This week's market analysis here..

Inserted Video
Whether you can or you can't, you are both right.
  • #292
  • Sep 28, 2014 9:33am Sep 28, 2014 9:33am
Quoting Gonzalon
{quote} Hi Fartist, sorry to quote twice the same message but I have a query. When you say "a close beyond the 50 EMA", you mean the lowest Time Frame EMA? For example, if you are trading H4, Daily and weely, you exit when the price closes beyond the 50 EMA in H4. Thanks for answering my message and keep giving me advices, I really appreciate them, will keep on working on my exits.
Hey Gonzalon,

I would usually close when price closes beyond the 50EMA on my entry timeframe.

So if i'm entering on the 4hour, i will watch for price to close above the 50 EMA for shorts.

Feel free to ask any questions you may have

Fartist
Whether you can or you can't, you are both right.
  • #293
  • Sep 28, 2014 11:12am Sep 28, 2014 11:12am
Hi fartist, hi traders, i hope you all had a lovely weekend!

Sunday is the day in which i usually spend time in analyzing charts and i try to identify currencies (i focus my attention on forex) which fit the "trend trading system" explained by fartist.

I think it might be useful to list products that each of us are watching closely, to share advices about a good situation or warnings about an uncertain one, in order to have a complete picture of the market.

In particular my trend analysis respects the strategy in:

EUR/USD ; EUR/GBP ; USD/JPY ; USD/CHF ; AUD/USD ; NZD/USD

Other currencies could be included, but according to me these six respect very strictly our rules.

What do you think? Any other suggestions?
  • #294
  • Sep 28, 2014 12:04pm Sep 28, 2014 12:04pm
very similar to my trading… God job here!
The market can stay irrational longer than you can stay solvent
  • #295
  • Sep 29, 2014 1:55am Sep 29, 2014 1:55am
Quoting MilanK
very similar to my trading… God job here!
Thank you MilanK!

I'm no god, but i'll accept the good
Whether you can or you can't, you are both right.
  • #296
  • Sep 29, 2014 1:59am Sep 29, 2014 1:59am
Quoting davide0085
Hi fartist, hi traders, i hope you all had a lovely weekend! Sunday is the day in which i usually spend time in analyzing charts and i try to identify currencies (i focus my attention on forex) which fit the "trend trading system" explained by fartist. I think it might be useful to list products that each of us are watching closely, to share advices about a good situation or warnings about an uncertain one, in order to have a complete picture of the market. In particular my trend analysis respects the strategy in: EUR/USD ; EUR/GBP ; USD/JPY ; USD/CHF...
Hi Davide,

It's a good habit to be reflecting your trades on a regular basis. Especially recording and screenshot them for ease of review in the future.

I'm watching similar pairs as you but do note that eurusd and usdchf are negaitvely correlated, so you'd do not want to be short the eurusd and long the usdchf at the same time.

Thank you for sharing your analysis

Fartist
Whether you can or you can't, you are both right.
  • #297
  • Sep 29, 2014 4:47am Sep 29, 2014 4:47am
Usdjpy just triggered..

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Fartist
Whether you can or you can't, you are both right.
  • #298
  • Sep 29, 2014 7:52am Sep 29, 2014 7:52am
nice ,we are almost looking at the same charts !! and trading almost the same way ! let the profit run and cut your losses short this is the core of this system .
nice thread
regards
samer
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  • #299
  • Sep 30, 2014 2:28am Sep 30, 2014 2:28am
Quoting samer960
nice ,we are almost looking at the same charts !! and trading almost the same way ! let the profit run and cut your losses short this is the core of this system . nice thread regards samer {image}
Wow Samer!

It's rare to see how 2 traders can trade so similarly.

Glad to have someone as experienced as you sharing your trades.

Cheers!
Whether you can or you can't, you are both right.
  • #300
  • Sep 30, 2014 4:09am Sep 30, 2014 4:09am
Watching Wheat to scale in further..

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Fartist
Whether you can or you can't, you are both right.
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