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Trend Trading System

  • #601
  • Jan 6, 2015 9:50pm Jan 6, 2015 9:50pm
Hey gang!

I haven't spoke of crude oil much these weeks, but i'm assuming you are watching it.

Pullbacks and breakouts would be the way to trade this product, at least that's how i look at it.

Plenty of opportunities to scale in. Reduce your size for every additional entry, 0.3R would be good to start with.

4 hour crude oil

Attached Image (click to enlarge)
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Rem the trend is your friend!

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fartist
Whether you can or you can't, you are both right.
  • #602
  • Jan 6, 2015 10:14pm Jan 6, 2015 10:14pm
Good day,

Please advise that already know how to set Stop loss by ATRx2, but how to set the profit.

Thank you in advance.
  • #603
  • Jan 6, 2015 10:57pm Jan 6, 2015 10:57pm
Power trade
Quoting fartist
Hey gang! I haven't spoke of crude oil much these weeks, but i'm assuming you are watching it. Pullbacks and breakouts would be the way to trade this product, at least that's how i look at it. Plenty of opportunities to scale in. Reduce your size for every additional entry, 0.3R would be good to start with. 4 hour crude oil {image} Rem the trend is your friend! {image} fartist
  • #604
  • Jan 7, 2015 3:08am Jan 7, 2015 3:08am
Quoting jessadaFx
Good day, Please advise that already know how to set Stop loss by ATRx2, but how to set the profit. Thank you in advance.
Hi Jess,

Correct me if i'm wrong but it seems like you've not read through the thread.

If so kindly go through it and you would find the answers you're looking for.

I believe you will benefit alot more this way.

fartist
Whether you can or you can't, you are both right.
  • #605
  • Jan 7, 2015 10:18pm Jan 7, 2015 10:18pm
What are you thinking about my decision? please advise.

BUY EURAUD;
Monthly
Attached Image (click to enlarge)
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Weekly
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Daily
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  • #606
  • Jan 7, 2015 10:46pm Jan 7, 2015 10:46pm
Hi Jess,

Thank you for sharing your charts.

Yes even though monthly and weekly are above the 50ema, i still wouldn't wanna long this pair.

The euro is actually very weak right now, have a look at eurusd.

The trend is much more clearer and from left to right, you see nothing but a slide.

Attached Image (click to enlarge)
Click to Enlarge Name: euw.png Size: 27 KB


fartist
Whether you can or you can't, you are both right.
  • #607
  • Jan 8, 2015 12:20am Jan 8, 2015 12:20am
Hi, Fartist

Thank you for your advised.

I have also trade currency: USDCAD

Monthly:
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Weekly:
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Daily:
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Awaiting breakout.
  • #608
  • Jan 8, 2015 12:42am Jan 8, 2015 12:42am
Quoting fartist
Hi Jess, Thank you for sharing your charts. Yes even though monthly and weekly are above the 50ema, i still wouldn't wanna long this pair. The euro is actually very weak right now, have a look at eurusd. The trend is much more clearer and from left to right, you see nothing but a slide. {image} fartist
Hi, fartist

Thanks, are you mean we have to look around other currency too before trade.
  • #609
  • Jan 8, 2015 1:39am Jan 8, 2015 1:39am
Quoting jessadaFx
Hi, Fartist Thank you for your advised. I have also trade currency: USDCAD Monthly: {image} Weekly: {image} Daily: {image} Awaiting breakout.
Usdcad is a much better pair.

Good spottin!

fartist
Whether you can or you can't, you are both right.
  • #610
  • Jan 8, 2015 4:52am Jan 8, 2015 4:52am
Hi rayner, there is another question for you lol
As you mention that you will exit trade when price breaks 50 ema . so you exit as long as one closed bar break 50 ema or waiting for another couple bars or depend on the situation, if depend on the situation, could you elabroate that ?
one more question, if price cloesd below the 50 ema after just triggers you new pending order. would you close this trade directly or let it run ?
thank you
  • #611
  • Jan 8, 2015 7:33am Jan 8, 2015 7:33am
Quoting ForexRen
Hi rayner, there is another question for you lol As you mention that you will exit trade when price breaks 50 ema . so you exit as long as one closed bar break 50 ema or waiting for another couple bars or depend on the situation, if depend on the situation, could you elabroate that ? one more question, if price cloesd below the 50 ema after just triggers you new pending order. would you close this trade directly or let it run ? thank you
I typically exit when price trades 2ATR beyond the 50EMA.

If price close below the 50EMA, i will leave my initial stops there till it's triggered.

Hope that helps!

fartist
Whether you can or you can't, you are both right.
  • #612
  • Jan 8, 2015 6:05pm Jan 8, 2015 6:05pm
fartist is this system been profitable for you or you still trying to make it profitable?
  • #613
  • Jan 8, 2015 8:13pm Jan 8, 2015 8:13pm
Quoting thjw
fartist is this system been profitable for you or you still trying to make it profitable?
It is profitable for me.

But the funny thing is no 2 traders can trade the same.

So i believe in sharing the principles behind why it's working for me. I hope you could adopt a similar approach and create something your own.

fartist
Whether you can or you can't, you are both right.
  • #614
  • Jan 9, 2015 4:22am Jan 9, 2015 4:22am
Anyone watching Eurusd?

Attached Image (click to enlarge)
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Possible shorting opportunity should price retrace back to 20EMA.

fartist
Whether you can or you can't, you are both right.
  • #615
  • Jan 9, 2015 8:16am Jan 9, 2015 8:16am
Quoting fartist
Anyone watching Eurusd? {image} {image} Possible shorting opportunity should price retrace back to 20EMA. fartist
Yea man! I'm loving both E/U and G/U right now. Let the good times roll!!
  • #616
  • Jan 9, 2015 6:49pm Jan 9, 2015 6:49pm
E/U is now back at the 20EMA on the four hour after some positive news from NFP, lets see what next week holds.
  • #617
  • Jan 9, 2015 9:53pm Jan 9, 2015 9:53pm
Hi fartist, got stop out of audusd, may i know if i am doing it correctly.

Weekly
http://s24.postimg.org/jnl2po269/201...137_weekly.jpg

Daily
http://s28.postimg.org/i1n9apn89/201...1136_daily.jpg

4hour

http://s4.postimg.org/4utmhjicp/2015...d_stop_out.jpg

Sorry my first time posting in this forum, can i know my my chart is so small?
  • #618
  • Jan 10, 2015 5:58am Jan 10, 2015 5:58am
Quoting Mr_D1
{quote} Yea man! I'm loving both E/U and G/U right now. Let the good times roll!!
What have you been doing since July 24, 2014 ?

About 1,900 pips ago that was

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It takes a lot for me to IGNORE you, but you can try.
  • #619
  • Jan 10, 2015 8:37am Jan 10, 2015 8:37am
Quoting Erebus
{quote} What have you been doing since July 24, 2014 ? About 1,900 pips ago that was {image}
Honestly i missed a good chunk of that move as well.

Always something to learn from the markets.

fartist
Whether you can or you can't, you are both right.
  • #620
  • Jan 11, 2015 10:05am Jan 11, 2015 10:05am
A happy New Year to all and many GREEN PIPS

Hello fartist,

Just came across this thread this afternoon and just completed reading the whole thread.
Going to read the first 10 pages again as I feel this is the foundation of the system.
It took me a few hours, slow reader but it was worth it.
Thank you for your time and explanations in a very simple manner that even us newbies understand what you saying.
I presently do a top down analysis [still at beginner stage] before entering a trade but never thought of trading it this way.
Your method of top down analysis is sooooooo much simpler, easier and quicker to see.

I will combine what i so far learnt with your trend following system for 2015.
Kind regards
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