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Trend Trading System

  • #641
  • Jan 16, 2015 2:44am Jan 16, 2015 2:44am
Quoting kasta8584
I put seel limit on 51.00 Good profit now I like yours system trend is your friend
Hi kasta,

I'm glad you liked this trading approach.

Let me know how it works out for you.

fartist
Whether you can or you can't, you are both right.
  • #642
  • Jan 16, 2015 2:45am Jan 16, 2015 2:45am
Eurchf daily, kaput!

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


Their stock market isn't spared either

Attached Image (click to enlarge)
Click to Enlarge Name: chf.png Size: 28 KB


Hope none of you are affected

fartist
Whether you can or you can't, you are both right.
  • #643
  • Jan 16, 2015 4:04am Jan 16, 2015 4:04am
Quoting fartist
Eurchf daily, kaput! {image} Their stock market isn't spared either {image} Hope none of you are affected fartist
that is so crazy, do you know what happened? Intrest rate change?
  • #644
  • Jan 16, 2015 4:36am Jan 16, 2015 4:36am
Quoting ForexRen
{quote} that is so crazy, do you know what happened? Intrest rate change?
Previously eurchf was peg to 1.2

News came out that they decided not to peg to 1.2 anymore and also to reduce interest rate.

Took many funds and traders off guard for sure.

fartist
Whether you can or you can't, you are both right.
  • #645
  • Jan 16, 2015 6:01am Jan 16, 2015 6:01am
With a shock like this, however rare, can make you really take a look at the amount of leverage you put on. Stop losses may not even execute anywhere near where you think it should with moves like this. I took the exercise to take a look to see if I had been on the wrong side of EURCHF or USDCHF. Think most of us should do the same and see what the negative impact would be. WOuld you be wiped out? I'd be down 12% on EURCHF based on my position sizing leading up to the move. Hurting, but not out.
  • #646
  • Jan 16, 2015 6:45am Jan 16, 2015 6:45am
Quoting bidforvol
With a shock like this, however rare, can make you really take a look at the amount of leverage you put on. Stop losses may not even execute anywhere near where you think it should with moves like this. I took the exercise to take a look to see if I had been on the wrong side of EURCHF or USDCHF. Think most of us should do the same and see what the negative impact would be. WOuld you be wiped out? I'd be down 12% on EURCHF based on my position sizing leading up to the move. Hurting, but not out.
Dodged a bullet with this one but yeah, brokers failed to execute stop losses at clients prices, just serves to remind one how extremely risky forex trading is.
  • #647
  • Jan 16, 2015 7:40am Jan 16, 2015 7:40am
Quoting fartist
{quote} Hi Himesh, That's a very good question. Firstly, usdtry is in an uptrend, but there are relatively stronger pairs out there like usdhuf, usdczk, usdcad which i prefer to long. 2nd, i don't trade off the weekly charts. However i do trade the 1 hour and 4hour charts. So a possible scenario is i'm stopped out on the 1hour, and on the 4hour i'm presented with another trading opportunity. What do i do? I trade it as well! I'll gladly cut and re-enter if need be. My loss is only 1R, very acceptable if you ask me. Does that answer your question?...
thanks for the response fartist . this clears the question.
  • #648
  • Jan 16, 2015 8:01am Jan 16, 2015 8:01am
What's weird is that the CHF pairs were all obliterated but the Eur/Usd remained mostly unaffected. So, I'm guessing this unpegging has effectively broken the relatively tight correlation between E/U and U/Chf?
  • #649
  • Jan 16, 2015 1:48pm Jan 16, 2015 1:48pm
Quoting andrex
{quote} Dodged a bullet with this one but yeah, brokers failed to execute stop losses at clients prices, just serves to remind one how extremely risky forex trading is.
Indeed. And not just forex trading. This could happen in any financial market. With the amount of leverage you can use in forex, it's a lot like the experience in futures trading. And in futures you can have limit up or limit down situations where you simply cannot get out, no matter what. And it can destroy you if you're too levered.

Mind your margin-to-equity ratio!
  • #650
  • Jan 17, 2015 6:05am Jan 17, 2015 6:05am
Quoting fartist
Eurchf daily, kaput! {image} Their stock market isn't spared either {image} Hope none of you are affected fartist
Hi Rayner. It has been, without any doubt, the sharpest movement I have seen in the market. I had USDCHF, and thank god my stop loss was in place. I lost only 1R, compared to 45R I would have lost without the SL. Here is when you realize of how important stop loss is.
Looking forward to your next market analysis!
  • #651
  • Jan 17, 2015 6:36am Jan 17, 2015 6:36am
Quoting Gonzalon
{quote} Hi Rayner. It has been, without any doubt, the sharpest movement I have seen in the market. I had USDCHF, and thank god my stop loss was in place. I lost only 1R, compared to 45R I would have lost without the SL. Here is when you realize of how important stop loss is. Looking forward to your next market analysis!
You made a good choice on your broker .
Owise if your order is not filled, it's game over too!
  • #652
  • Jan 17, 2015 7:58am Jan 17, 2015 7:58am
Find out which brokers are affected here.

http://forexmagnates.com/is-your-bro...l-time-updates

fartist
Whether you can or you can't, you are both right.
  • #653
  • Jan 17, 2015 9:04am Jan 17, 2015 9:04am
Quoting fartist
Find out which brokers are affected here. http://forexmagnates.com/is-your-bro...l-time-updates fartist
Hi guys
Thanks to rayner link i have just learnt that Alpari UK (my broker) is insolvent. Is anyone else in my situation? Alpari has said that client funds are in seggregated accounts and safe, but website is not working so withdrawals are not possible. Which should be the steps to take? Call alpari, and if no response, call the FCA, right?
Any advise is welcome
Thabks
  • #654
  • Jan 21, 2015 1:28pm Jan 21, 2015 1:28pm
Hi fartist

I love what you are doing with this thread its great to see other traders with the same mindset.
I just have a quick question, You have been holding oil contracts for some time in this nice downward trend don't they expire and the broker closes the trades or am I missing something.....I only trade currencies and trying to get into oil and futures but worried about the whole expiration thing.

Thanks in advance
fxtec
  • #655
  • Jan 22, 2015 9:28am Jan 22, 2015 9:28am
Hi fartist,
I think I'm entering my trades incorrectly and that's why all of them get stopped out. I am using a 5 day ATR indie for placing SL. So whatever the ATR reading is, I x 2. I do have a few winning trades but nothing more than 30 to 60 pip, my trades struggle to get beyond that.
Please take a look at the attached chart and advice me as to where i am going wrong. I have marked in RED where I entered short in this trade. All TFS are showing downtrend and are below the 20 and 50 MAs. The blue candle was red when I entered in the trade.
Thanks for your help.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.PNG Size: 34 KB
  • #656
  • Jan 23, 2015 6:21am Jan 23, 2015 6:21am
Hey folks,

I just wanted to show you trades i am in right now.
At first i was worried, because of the ludicrous volatility of the pair, but i am beginning to love the exotics:
Eur:Zar
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2015-01-23 um 13.14.13.png Size: 93 KB

Gbpkk
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2015-01-23 um 13.17.21.png Size: 88 KB

Unfortunately, i was stopped out on a trade i took on the Usdln after the SNB...
But who could have see that coming
  • #657
  • Jan 23, 2015 8:04am Jan 23, 2015 8:04am
Apologies for being inactive the last one week.

I was in Japan for a holiday and didn't had much access to the internet.

Nonetheless i'm back and will get back to all your questions accordingly.

fartist
Whether you can or you can't, you are both right.
  • #658
  • Jan 23, 2015 9:57am Jan 23, 2015 9:57am
Quoting fartist
A Trade Review on USDJPY https://www.youtube.com/watch?v=RtVMD3qwAIk fartist
Hi! in video you say stop is 2x ATR below 50 ema, but in earlier post, you say you exit trades when price closes above or below 50 EMA? Could you comment on this. Thanks
  • #659
  • Jan 23, 2015 3:31pm Jan 23, 2015 3:31pm
I want describe my own strategy based on trends.
Strategy uses two indicators ToWave indicator and TREND-MA.
The indicator TREND-MA draws support/resistance lines. The indicator ToWave uses Elliot theory base. Look on price changes, ToWave builds extremums('resistance points'), fractals (significant point of trend).
The principle of this strategy:
1) we build H1 and M15 trends using two last fractals of towave indicator
2) trade is opened when M15 trend is broken (crossed) through resistance point (+/- 3pips) in one case - with breakthrough H1-trend (situations 1,2,4) and in other case - in direction of H1-trend (sit.3,5)
3) stop-loss is set on the last fractal of M15-timeframe (+/-3 pips)
4) trade finished when M15-trend is crossed in reverse direction
Example
TRADES 20-21.01.2015 (+90 PIPS USDJPY)
During two days may be possible 5 trades.
Case 1 - buy, M15 trend is crossed in direction of H1-trend; this position I don't open, was busy
Case 2 - buy, M15 trend is crossed in direction of H1-trend; this position I don't open, I was afraid that it is 4 breakthrough and price would be ready to cross H1-up trend
Case 3 - sell, M15 trend is crossed with breakthrough H1-trend, profit 50 pips
Case 4 - sell M15 trend is crossed in direction of H1-trend; profit 40 pips; according the strategy this trade would made profit 5 pips, but I closed position look at market volatility, when price twice touched +40 pips level
Case 5 - M15 trend is crossed with breakthrough H1-trend
Additionaly, about closing of trade. There are 3 cases that I use: 1) price achieved +50pips, 2)M15-trend is crossed in reverse direction; 3) stop-loss case
Weekly results 15-21.01 +229 pips, +195$, +17% to deposit
Attached Image (click to enlarge)
Click to Enlarge Name: 20150121_1.jpg Size: 122 KB
  • #660
  • Jan 23, 2015 4:07pm Jan 23, 2015 4:07pm
I have no idea why you are cluttering this simple thread with indicators and with a trade with shorter time frame. If you had taken a look at this thread then you would have seen that the thread owner uses (M/W/D or W/D/4 hr) time frame and use simple MAs to guide the trend and the points of reversal. I am sure your information will be more valuable on a thread that uses similar approach. Don't take offence. Just my observation.
Quoting dci2002
I want describe my own strategy based on trends. Strategy uses two indicators ToWave indicator and TREND-MA. The indicator TREND-MA draws support/resistance lines. The indicator ToWave uses Elliot theory base. Look on price changes, ToWave builds extremums('resistance points'), fractals (significant point of trend). The principle of this strategy: 1) we build H1 and M15 trends using two last fractals of towave indicator 2) trade is opened when M15 trend is broken (crossed) through resistance point (+/- 3pips) in one case - with breakthrough H1-trend...
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