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Trend Trading System

  • #841
  • Feb 27, 2015 4:25am Feb 27, 2015 4:25am
Quoting fartist
Here are my current open positions. Longest trades are bund and eurusd.. {image} fartist
Hi fartist,

Great trades,thanks for sharing. GBP/USD short 1.5871
Would you please to explain as your method why you did not close your position

G/U over Ema 50(4H)
at about 1.51.

Best Regards
  • #842
  • Feb 27, 2015 5:06am Feb 27, 2015 5:06am
Quoting Fxmh
{quote} Hi fartist, Great trades,thanks for sharing. GBP/USD short 1.5871 Would you please to explain as your method why you did not close your position G/U over Ema 50(4H) at about 1.51. Best Regards
Hi fxmh,

that's a good question. I placed my trailing stops 2 ATR above the 50 EMA which didn't get triggered.

fartist
Whether you can or you can't, you are both right.
  • #843
  • Feb 27, 2015 3:37pm Feb 27, 2015 3:37pm
Amazing thread Fartist! Thanks for your clear explanation at the beginning and the answers to the questions asked. I started following a different system this year on 1 and 4 hour charts, I thought I would be able to trade this during my day job but I noticed that I was more busy with trading than my actual work, well not really but it seems I was constantly thinking about trading. I started yesterday following this trend trading system, will be following it on the daily chart. So no more checking the charts during the day, just patiently waiting for setups and only checking charts before going to bed! (NY closes 23:00 my time).

Currently holding 5 positions, will see where it goes!

AUDUSD, SHORT
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EURUSD, SHORT
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NZDUSD, SHORT
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USDJPY, LONG
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XAUUSD, SHORT
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  • #844
  • Feb 27, 2015 9:40pm Feb 27, 2015 9:40pm
Wise words from Peter Brandt

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Whether you can or you can't, you are both right.
  • #845
  • Feb 27, 2015 10:01pm Feb 27, 2015 10:01pm
Quoting Marin0s
Amazing thread Fartist! Thanks for your clear explanation at the beginning and the answers to the questions asked. I started following a different system this year on 1 and 4 hour charts, I thought I would be able to trade this during my day job but I noticed that I was more busy with trading than my actual work, well not really but it seems I was constantly thinking about trading. I started yesterday following this trend trading system, will be following it on the daily chart. So no more checking the charts during the day, just...
Hey Marin0s!

You are most welcome and i'm glad you enjoyed this thread!

Yes trading off the lower timeframes presents more opportunities and 'stress' as well. If you have a day job, stick to the daily sounds fine to me.

Those are some great trades you are in, only thing i would suggest is to watch your Usd risk.

Personally i'm in audusd, eurusd and gold.

Best of luck and keep me updated!

fartist
Whether you can or you can't, you are both right.
  • #846
  • Feb 28, 2015 7:23am Feb 28, 2015 7:23am
Hi Rayner,

Do you consider below short GBP/USD trade valid? both monthly and weekly price is below 50EMA still, daily price got rejected by previous high, the setup is pretty in line with all the rules here.

however, another voice inside says otherwise, on monthly chart price is supported by previous low and headed north and also fundamentally rate hike is being discussed by BOE recently

maybe this is one of those trades which should be passed away. let the price developement clarifies the confusion.

any opinion?

thanks

SW

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  • #847
  • Feb 28, 2015 8:34am Feb 28, 2015 8:34am
Quoting wuhui6
Hi Rayner, Do you consider below short GBP/USD trade valid? both monthly and weekly price is below 50EMA still, daily price got rejected by previous high, the setup is pretty in line with all the rules here. however, another voice inside says otherwise, on monthly chart price is supported by previous low and headed north and also fundamentally rate hike is being discussed by BOE recently maybe this is one of those trades which should be passed away. let the price developement clarifies the confusion. any opinion? thanks SW {image} {image} {image}...
Hey wuhui,

I'm skipping the gbpusd short actually as it's relatively strong compared to eurusd or audusd, i will explain more in this week's video.

Stay tuned!

fartist
Whether you can or you can't, you are both right.
  • #848
  • Mar 1, 2015 2:31am Mar 1, 2015 2:31am
Quoting fartist
{quote} Hey wuhui, I'm skipping the gbpusd short actually as it's relatively strong compared to eurusd or audusd, i will explain more in this week's video. Stay tuned! fartist
Thank you for your much appreciated work here Rayner, you make a lot of sense IMHO, looking forward to your video regarding relative strength.Thank you in advance.
  • #849
  • Mar 1, 2015 7:02am Mar 1, 2015 7:02am
When trading with the trends, I am usually choosing the long term trends as they are more secure.
  • #850
  • Mar 1, 2015 7:18am Mar 1, 2015 7:18am
Inserted Video


In this week’s analysis, I talk about how I use relative strength in my trading.
By identifying the right markets to trade, you will notice price moves much more in your favor and pullbacks tend to be shallower against you.

I hope you have enjoyed this week’s market analysis. As always, comments are welcomed and encouraged. Cheers!

fartist
Whether you can or you can't, you are both right.
  • #851
  • Mar 1, 2015 7:35am Mar 1, 2015 7:35am
Quoting Piprader
{quote} Thank you for your much appreciated work here Rayner, you make a lot of sense IMHO, looking forward to your video regarding relative strength.Thank you in advance.
You're welcome Piprader!

I'm glad it make sense for you, let me know how your trading is coming along

fartist
Whether you can or you can't, you are both right.
  • #852
  • Mar 1, 2015 9:02am Mar 1, 2015 9:02am
Thanks for the interesting video fartist.

georgewashington
  • #853
  • Mar 2, 2015 9:10am Mar 2, 2015 9:10am
Quoting georgewashin
Thanks for the interesting video fartist. georgewashington
Hey george,

you're most welcome

fartist
Whether you can or you can't, you are both right.
  • #854
  • Mar 5, 2015 4:16am Mar 5, 2015 4:16am
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Whether you can or you can't, you are both right.
  • #855
  • Mar 5, 2015 10:47am Mar 5, 2015 10:47am
Hi fartist

do you mind sharing what instrument you are watching ?

you mention on youtube you are monitoring about 20 instrument, which not all of them are currency product

tq
Closer To Dream
  • #856
  • Mar 5, 2015 11:42pm Mar 5, 2015 11:42pm
Quoting edgartan
Hi fartist do you mind sharing what instrument you are watching ? you mention on youtube you are monitoring about 20 instrument, which not all of them are currency product tq
Hi edgar,

at the top right hand corner there's a link that shows all attachment in this trade.

I uploaded an excel file sometime back containing all the products i trade.

Hope that helps!

fartist
Whether you can or you can't, you are both right.
  • #857
  • Mar 6, 2015 2:13am Mar 6, 2015 2:13am
Quoting fartist
{quote} Hi edgar, at the top right hand corner there's a link that shows all attachment in this trade. I uploaded an excel file sometime back containing all the products i trade. Hope that helps! fartist
thanks.


ReAl MoDe: ON
  • #858
  • Mar 6, 2015 3:41am Mar 6, 2015 3:41am
Aside the Euro smash that's going on, sugar may be interesting to watch as well..

Price is approaching multi year lows and there will be traders, institutions & corporations trying to get long near it.

But what happens if price trades further down triggering their stops?

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fartist
Whether you can or you can't, you are both right.
  • #859
  • Mar 6, 2015 6:03am Mar 6, 2015 6:03am
Althought you mentioned earlier about my risk in USD (I am keeping an eye on that): USDCAD is worth watching in my opinion.

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  • #860
  • Mar 6, 2015 6:07am Mar 6, 2015 6:07am
Quoting Marin0s
Althought you mentioned earlier about my risk in USD (I am keeping an eye on that): USDCAD is worth watching in my opinion. {image}
If it does breakout of the triangle, i may be interested.

For now, gbpusd and eurusd are relatively weak among the majors.

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