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Trend Trading System

  • #721
  • Jan 30, 2015 12:30am Jan 30, 2015 12:30am
Quoting fartist
{quote} My invalidation signal depends on the entry i use to enter a trade. A breakout, retest of ema or retest of swing H/L ? Once i know my mode of entry i have my stops placed accordingly, which is usually 2ATR from my entry. I don't look at MAs crossover at all. When i set my stops, i don't adjust it despite the MAs moving. I let it stay where it is, and will trail accordingly once price has move in my favor, usually around 1 to 10 risk reward i will look for place to adjust accordingly. I will have a lot of trades being in the money before...
thank you Fartist

that's all from me, now the method is clear. i just have to stick to it

thanks again
Antonio
  • #722
  • Jan 30, 2015 4:09am Jan 30, 2015 4:09am
Quoting kedridder
{quote} Rayner, 2x ATR below 50ma is a huge amount giving back to the market isn't it?
Hey kedridder,

That is a subjective from trader to trader. If i'm up 50R on a trade, giving back 2ATR isn't much.

Furthermore, the tolerance from each trader in giving back profits is different as well. Some can tolerate better, some cannot.

fartist
Whether you can or you can't, you are both right.
  • #723
  • Jan 30, 2015 4:11am Jan 30, 2015 4:11am
Quoting himeshforex
{quote} this trade is up nearly 1300 pips and counting ...... a slightly modified trading method , its bears the same core concepts that fartist uses. but i implemented a trade based on the daily tf rather than h4 as this is a rather volatile pair ... the price today on chart 1 and the price when trade was entered on jan 12 to compare {image} {image}
Great trade himesh!

Your parameters may not be the same as mine, but your core principles are that.

That's all that matters. Because no 2 traders will ever trade exactly the same, unless it's algorithmic trading.

fartist
Whether you can or you can't, you are both right.
  • #724
  • Jan 30, 2015 4:13am Jan 30, 2015 4:13am
Quoting cychiu
Hi Rayner, thank you for teaching your way of trading. I am very new and would appreciate help. (actually went through the thread today so I hope I'm not misunderstanding anything.) I notice the entry for gold is not valid anymore so it was ok to go long here on daily right? {image} Also with oil this would be the valid entry to short? I think I will try an order here. {image} thank you btw, nice pictures from Japan. I was there earlier this month also, and visited Shibuya as well!
Hi cychiu,

Yes i got stopped out of gold on H4. I only trade the H1 & H4, so i won't be looking to trade the daily.

For crude, that's a possible setup you got. Also a breakout to the downside is another possible entry.

The key question is, if you do get stopped out, how are you going to re-enter?

fartist
Whether you can or you can't, you are both right.
  • #725
  • Jan 30, 2015 4:13am Jan 30, 2015 4:13am
Quoting wait4it
{quote} thank you Fartist that's all from me, now the method is clear. i just have to stick to it thanks again Antonio
You're welcome Antonio, feel free to ask if you have further questions.

fartist
Whether you can or you can't, you are both right.
  • #726
  • Jan 30, 2015 5:27am Jan 30, 2015 5:27am
my first entry using this wonderful system, trend in monthly, daily and 4h bearish. has been tested in 4h the EM50 and EM20 loss of open short with stop 2ATR.

very thanks!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 20 KB
Click to Enlarge Name: EURJPYWeekly.png Size: 21 KB
Click to Enlarge Name: EURJPYDaily.png Size: 22 KB
  • #727
  • Jan 30, 2015 5:34am Jan 30, 2015 5:34am
The same as above, in 4H looked test the EM50 and EM20 lose, open short, although it seems that turns, as would have been better to wait to lose 1.1260 support where this current.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 20 KB
Click to Enlarge Name: EURUSDH4.png Size: 21 KB
  • #728
  • Jan 30, 2015 5:37am Jan 30, 2015 5:37am
Quoting Clipi
my first entry using this wonderful system, trend in monthly, daily and 4h bearish. has been tested in 4h the EM50 and EM20 loss of open short with stop 2ATR. very thanks! {image} {image} {image}
Iam also in this trade. I hope we can got the target. Thanks fartist for your thread
  • #729
  • Jan 30, 2015 5:44am Jan 30, 2015 5:44am
Quoting bassemmixez
{quote} Iam also in this trade. I hope we can got the target. Thanks fartist for your thread
also you made the entry into the area of 133? 134.80 stop?
  • #730
  • Jan 30, 2015 5:46am Jan 30, 2015 5:46am
Quoting Clipi
{quote} also you made the entry into the area of 133? 134.80 stop?
yes
  • #731
  • Jan 30, 2015 7:07am Jan 30, 2015 7:07am
thank u fartist system is really great
just want to ask how much retracement u use to consider a point is a swing to L/H to take an breakout enrtry
for example
NZD/USD 4H chart
i took 7397 as swing low and take a breakout entry on this point
now we have 7233 as wing low also do u consider it swing low and take entry based on H4 chart?
but if we go down to H1 chart it will be more obvious as swing low point for a range to take it as break out entry
so if we want to enter on the break out of 7233 do we take 2ATR of H1 or H4
tank u for sharing ur knowledge
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSDH4 swing.png Size: 72 KB
Click to Enlarge Name: NZDUSDH1.png Size: 75 KB
  • #732
  • Jan 30, 2015 9:27am Jan 30, 2015 9:27am
Quoting fartist
{quote} Hey kedridder, That is a subjective from trader to trader. If i'm up 50R on a trade, giving back 2ATR isn't much. Furthermore, the tolerance from each trader in giving back profits is different as well. Some can tolerate better, some cannot. fartist
You're exactly right Rayner.
every trader's appetite and threshold is different.
  • #733
  • Jan 30, 2015 8:45pm Jan 30, 2015 8:45pm
Quoting jemy89
thank u fartist system is really great just want to ask how much retracement u use to consider a point is a swing to L/H to take an breakout enrtry for example NZD/USD 4H chart i took 7397 as swing low and take a breakout entry on this point now we have 7233 as wing low also do u consider it swing low and take entry based on H4 chart? but if we go down to H1 chart it will be more obvious as swing low point for a range to take it as break out entry so if we want to enter on the break out of 7233 do we take 2ATR of H1 or H4 tank u for sharing ur knowledge...
Hi Jemy,

That's a great question!

I would suggestion getting entries on a maximum of 2 timeframes. Because anymore, you will find yourself find setups on almost every timeframe, it will be a headache.

I stick to only the 1&4 hour timeframe. So even though there's a setup on the daily, i will skip it.

Regarding your question, if on the 1hour time frame i notice price consolidating for too long, e.g. more than 30 bars i would go up to the higher timeframe (4hour) to trade instead. And my stops will be based on the 4hour.

Does that clarify?

fartist
Whether you can or you can't, you are both right.
  • #734
  • Jan 30, 2015 10:50pm Jan 30, 2015 10:50pm
Quoting fartist
{quote} Hi Jemy, That's a great question! I would suggestion getting entries on a maximum of 2 timeframes. Because anymore, you will find yourself find setups on almost every timeframe, it will be a headache. I stick to only the 1&4 hour timeframe. So even though there's a setup on the daily, i will skip it. Regarding your question, if on the 1hour time frame i notice price consolidating for too long, e.g. more than 30 bars i would go up to the higher timeframe (4hour) to trade instead. And my stops will be based on the 4hour. Does that clarify?...

Yes its clear , i use 4H almost for my trades cause it is less noisy
oh remember one more question on USD/JPY
weekly is up and above 50 EMA
daily is up almost closed on or above 50 EMA
4H is consolidating between 118.85 and 117.15 and EMAs is almost showing range
do u wait for EMAs on H4 to align or we can use break out of 118.85 as break out entry ?
or use 117.15 as H/L entry
(here i would prefer breakout entry cause if i used breakout entry EMAs will align as we want by default)

BTW i am in 550 pips profit using ur approach this week ,trend trading is great
Thank u
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 97 KB
  • #735
  • Jan 31, 2015 8:42am Jan 31, 2015 8:42am
Quoting jemy89
{quote} Yes its clear , i use 4H almost for my trades cause it is less noisy oh remember one more question on USD/JPY weekly is up and above 50 EMA daily is up almost closed on or above 50 EMA 4H is consolidating between 118.85 and 117.15 and EMAs is almost showing range do u wait for EMAs on H4 to align or we can use break out of 118.85 as break out entry ? or use 117.15 as H/L entry (here i would prefer breakout entry cause if i used breakout entry EMAs will align as we want by default) BTW i am in 550 pips profit using ur approach this week ,trend...
For me personally i would wait for price to breakout of the resistance before establishing any longs.

Also i look at relative strength as a whole and see if usdjpy is one of the strongest to long. Basically it's long dollar theme, so there are still opportunities on eurusd, nzdusd etc.

fartist
Whether you can or you can't, you are both right.
  • #736
  • Feb 1, 2015 3:41am Feb 1, 2015 3:41am
This week's market analysis, let me know if it helps!

Inserted Video


fartist
Whether you can or you can't, you are both right.
  • #737
  • Feb 1, 2015 3:46am Feb 1, 2015 3:46am
I use more formalized method to build wave, using indicator ToWave. It uses Elliot theory base. Look on price changes, ToWave builds extremums('resistance points'), fractals (significant point of trend).
Attached Image
  • #738
  • Feb 1, 2015 4:14am Feb 1, 2015 4:14am
Quoting fartist
This week's market analysis, let me know if it helps! https://www.youtube.com/watch?v=z7pkWkw8O8Y fartist
Hi Rayner that is awsome, thank you very much .
  • #739
  • Feb 1, 2015 5:59am Feb 1, 2015 5:59am
Quoting ForexRen
{quote} Hi Rayner that is awsome, thank you very much .
I'm glad you liked it Ren!

Let me know if you have further questions, cheers!

fartist
Whether you can or you can't, you are both right.
  • #740
  • Feb 1, 2015 9:18pm Feb 1, 2015 9:18pm
A range pullback setup on crude oil 4 hour.

From a order flow perspective, it looks like a stop hunt clearing the stops just above resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: crude.jpg Size: 163 KB


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