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Trend Trading System

  • #781
  • Feb 9, 2015 2:47am Feb 9, 2015 2:47am
Quoting JohnDalio
{quote} Hey Fartist thanks for your reply, that is useful to know thank you, I am testing a similar strategy with good results so far and mainly focusing on trading pullbacks with an aim to look at breakouts once I am more familiar with the setups. I feel as if the trend following strategy is more 'compatible' with my trading personality, daytrading seems very stressful in comparison! For me trading the 5m charts I sometimes feel like a Kamikaze pilot going into battle, whereas trend trading the higher timeframes feels like piloting a B2 stealth...
Hi John,

Great to know that trend following is working out for you.

The downside of this approach is losing streak. Most traders give up halfway due to the consecutive losing streaks that is bound to occur especially from a trend following system.

Recently i had a 7 losing trades in a row, but i'm comfortable losing and that's simply the cost of doing business.

Rock on!

fartist
Whether you can or you can't, you are both right.
  • #782
  • Feb 9, 2015 3:35am Feb 9, 2015 3:35am
Quoting fartist
{quote} Hey Anto, I have no idea on fundamentals on the agriculture products. I don't trade off the daily charts, but it is no doubt a valid setup for those who trade the daily. Since i trade off the 1& 4 hour, i would wait for price to trade lower and find an entry to trade in once more. fartist
Hi fartistI guess after a bit of analysis i found the reason for sharp movement in futures myself. Is kind of like gold and usd. Since gold is measured in usd, if the dollar strenghten there will be less usd needed to buy gold and vice versa. Simipar things apply to soybeans etc because they are measured in usd. So basically it's not a surprise if we see the dollar in strong uptrend and futures in downtrend. Ofcourse this is a generalization and does not take into account supply and demand.This brought me to a thought about trend treding on which i'd like your opinion: as trader we should be careful where we enter our trade. I remember our talk about scaling in and the risks/rewards associated with it. Well if we are not careful we may end up betting too much on the same horse times and times again without even realising it. It'd be like scalin in on the same pair at the same price. It'd be incredibly risky and profitable at the same time depending on the price movement.let me know your opinion on the matterAntonio
  • #783
  • Feb 9, 2015 3:55am Feb 9, 2015 3:55am
Quoting wait4it
{quote} Hi fartistI guess after a bit of analysis i found the reason for sharp movement in futures myself. Is kind of like gold and usd. Since gold is measured in usd, if the dollar strenghten there will be less usd needed to buy gold and vice versa. Simipar things apply to soybeans etc because they are measured in usd. So basically it's not a surprise if we see the dollar in strong uptrend and futures in downtrend. Ofcourse this is a generalization and does not take into account supply and demand.This brought me to a thought about trend treding...
Hi Antonio,

I wouldn't be too concern about it. Because between the products you've mentioned, they are not significantly correlated.

I keep my risk small usually no more than 1% a trade.

fartist
Whether you can or you can't, you are both right.
  • #784
  • Feb 10, 2015 2:13am Feb 10, 2015 2:13am
Quoting fartist
{quote} Recently i had a 7 losing trades in a row, but i'm comfortable losing and that's simply the cost of doing business. Rock on! fartist
I hope you will share your loosing trades also what you were thinking before entering the trade and how it turns out a looser.
The master knows exactly the right time to do nothing.
  • #785
  • Feb 10, 2015 3:12am Feb 10, 2015 3:12am
Quoting Au.trader
{quote} I hope you will share your loosing trades also what you were thinking before entering the trade and how it turns out a looser.
Hi Au,

It's actually pretty straight forward. I either traded a breakout or pullback. And if you ask me these are the same setups i will take over and over again.

Here are the charts..

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fartist
Whether you can or you can't, you are both right.
  • #786
  • Feb 10, 2015 3:30am Feb 10, 2015 3:30am
Another thing i like to highlight is the draw down is pretty easy to manage for me, reason being i have open trade equity in excess of 20R, so the psychological damage isn't too hard despite these 8 losing trades in a row.

fartist
Whether you can or you can't, you are both right.
  • #787
  • Feb 10, 2015 9:34am Feb 10, 2015 9:34am
Thanks for the charts and also for your continuous sharing in this thread.

Currently i am trying to develop my own trend following strategy and your thread is really helping me a lot.
The master knows exactly the right time to do nothing.
  • #788
  • Feb 11, 2015 1:46am Feb 11, 2015 1:46am
Quoting Au.trader
Thanks for the charts and also for your continuous sharing in this thread. Currently i am trying to develop my own trend following strategy and your thread is really helping me a lot.
Hey Au,

Thank you and you're most welcome!

Feel free to ask any questions, i'll be glad to help!

All the best with your strategy development!

fartist
Whether you can or you can't, you are both right.
  • #789
  • Feb 11, 2015 9:36am Feb 11, 2015 9:36am
On this week's market analysis I said I would be looking to long usdjpy and short gold.

Just entered these trades. Green is where I long, red is short.

Stops of 2ATR for all trades.

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fartist
Whether you can or you can't, you are both right.
  • #790
  • Feb 11, 2015 9:45am Feb 11, 2015 9:45am
Fartist thank you very much for your system, you done me open my eyes. I increased my account by 50% in a week, taking trends in GC, GA, GN, UC ... in some pairs I have up to 250 pips profit, I have established a Trailing stop and 2xATR (ATR20 in 4h) not if you can get away with bad move trailing stop, I UJ yesterday I escaped because of TS ... but I'm afraid to stay without profit ...

thanks you!!
  • #791
  • Feb 11, 2015 10:59am Feb 11, 2015 10:59am
Fartist, what would you do in this situation? Remove stop and trust up trend?

very thanks!
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  • #792
  • Feb 11, 2015 11:57am Feb 11, 2015 11:57am
Quoting Clipi
. I increased my account by 50% in a week, taking trends in GC, GA, GN, UC ..
I think you are risking too much can you tell me that how much risk in % you took to make this 50%?

Trend trading is not about making 50% a week.

Best of luck for your all open trades and upcoming one !!!
The master knows exactly the right time to do nothing.
  • #793
  • Feb 11, 2015 12:37pm Feb 11, 2015 12:37pm
Quoting Au.trader
{quote} I think you are risking too much can you tell me that how much risk in % you took to make this 50%? Trend trading is not about making 50% a week. Best of luck for your all open trades and upcoming one !!!
that is a micro account, now i'm risking 10% for trade, next week i will reduce to 5%, i want to establish risk by 2%

thanks for the tips.
  • #794
  • Feb 11, 2015 7:41pm Feb 11, 2015 7:41pm
Just because its a micro account doesn't mean you should gamble. Be professional and manage risk appropriately. This a business and managing risk is paramount despite account size. With your attitude, I foresee you have more accounts to blow out.
  • #795
  • Feb 12, 2015 4:18am Feb 12, 2015 4:18am
Quoting Clipi
Fartist, what would you do in this situation? Remove stop and trust up trend? very thanks! {image} {image}
Hi Clipi,

I'm not sure if it's a long or short here. I always trade with a stop loss.

fartist
Whether you can or you can't, you are both right.
  • #796
  • Feb 14, 2015 10:05am Feb 14, 2015 10:05am
Happy Valentine's Day Everyone!

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fartist
Whether you can or you can't, you are both right.
  • #797
  • Feb 14, 2015 1:58pm Feb 14, 2015 1:58pm
Quoting fartist
Happy Valentine's Day Everyone! {image} fartist
so funny, all the best to you.
  • #798
  • Feb 14, 2015 2:25pm Feb 14, 2015 2:25pm
Quoting fartist
Happy Valentine's Day Everyone! {image} fartist
So true...
If you think you can or cannot do it you are correct
  • #799
  • Feb 14, 2015 6:48pm Feb 14, 2015 6:48pm
Quoting Piprader
{quote} so funny, all the best to you.
Hey Piprader,

Lol hope the girlfriend doesn't see this! heh.

fartist
Whether you can or you can't, you are both right.
  • #800
  • Feb 14, 2015 6:48pm Feb 14, 2015 6:48pm
Quoting Olu
{quote} So true...
Hi Olu,

so it's true for you as well?

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