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Trend Trading System

  • #961
  • Apr 13, 2015 2:00am Apr 13, 2015 2:00am
This week's market analysis..

Inserted Video


I'll get back to your questions asap guys.

fartist
Whether you can or you can't, you are both right.
  • #962
  • Apr 13, 2015 5:00am Apr 13, 2015 5:00am
Quoting dutchsignals
This is a very interesting thread. Trading this system can be done very easy it is in strong trends an absolutly winner. I include a chart where you see arrows where you can add extra positions or you can move stop from arrow to arrow , by the cross it is exit, and we are looking again for entries, It is a combination of trading Pull backs/ engulfs / swing highs. Dutch signals {image}
Hi Fartist,
With regards to the chart posted by dutchsignal, see the right side. Say there is a entry, u entered but price moves against u. Hit another resistance, then price retraced, showing another entry. would like to ask you if you would take the second signal while first trade still ongoing and SL not put to BE?
  • #963
  • Apr 13, 2015 7:44am Apr 13, 2015 7:44am
Hi MAtrix,

Yes off course I would trade the 2nd entry,,
Because you never know which direction price is going.
If you don't take it and price go south, you feel youreself stupid
If you don't take it and price go north you feel relieved because you dont take it and If you take it is was a loser.
Trade simple and use youre eyes to spot entry and exits..
Don t need any indicators. follow the market, and you will win on longer term
  • #964
  • Apr 13, 2015 7:47am Apr 13, 2015 7:47am
Quoting shinewel
hi fartist, does it make sense reading the chart this way as per your strategy...??! {image} {image}
Hi shinewel,

I look at a few things before taking a trade.

1) Relative strength of the product i'm trading, i want to be long the strongest and short the weakest

2) Trend has to be according to my bias, i usually use the 50 EMA as a filter

3) an entry that meets my criteria

4) a stoploss, usually 2ATR for me

Trend following looks at everything from the market you are trading, position sizing, entries and exits.

fartist
Whether you can or you can't, you are both right.
  • #965
  • Apr 13, 2015 7:48am Apr 13, 2015 7:48am
Quoting Mattrix83
{quote} Hi Fartist, With regards to the chart posted by dutchsignal, see the right side. Say there is a entry, u entered but price moves against u. Hit another resistance, then price retraced, showing another entry. would like to ask you if you would take the second signal while first trade still ongoing and SL not put to BE?
Hi matt,

I never have more than 1% exposure on a single product at anyone time.

If my initial position is at it's original stoploss, then i wouldn't consider scaling in just yet.

Until my initial position is risk free, then i would consider looking to scale in my trades.

fartist
Whether you can or you can't, you are both right.
  • #966
  • Apr 13, 2015 10:57am Apr 13, 2015 10:57am
Quoting fartist
{quote} Hi matt, I never have more than 1% exposure on a single product at anyone time. If my initial position is at it's original stoploss, then i wouldn't consider scaling in just yet. Until my initial position is risk free, then i would consider looking to scale in my trades. fartist
Thanks fartist. What about my other question - few posts back? Thanks
  • #967
  • Apr 13, 2015 11:56pm Apr 13, 2015 11:56pm
Quoting Mattrix83
Hi fartist, question here. Say u shorted EU from 1.2, added 10 positions and shifted your SL to 1.10 now. Then your TS got hit and you exited your trade. Then price move 100 more pips, then showed another entry, say a breakout to the down side, at say 1.1. it is a valid setup so u took the trade.. But you would have used a lot size of say only 1 position? If that is the case, my question or concern here will be, u will be resetting on your lot size for further movement down.you would have lost the potential profit if you had set your TS higher,...
Hey Matt,

That's a great question. Yes i will reset back to my initial position size after being stopped out and slowly build my way up again.

That's how it is in trading, risk vs reward. A looser trailing stop would give your trade more room to run and a tighter trailing stop would give your trades less room to run.

You need to decide how loose or tight you want to give you trade room to breath.

fartist
Whether you can or you can't, you are both right.
  • #968
  • Apr 14, 2015 6:18am Apr 14, 2015 6:18am
Quoting fartist
{quote} Hey Matt, That's a great question. Yes i will reset back to my initial position size after being stopped out and slowly build my way up again. That's how it is in trading, risk vs reward. A looser trailing stop would give your trade more room to run and a tighter trailing stop would give your trades less room to run. You need to decide how loose or tight you want to give you trade room to breath. fartist
Thanks for the reply. I shorted 6 positions on Eur but closed all on a retracement . Though I reestablished 3 lots on a next leg down, but it was entered at a slightly lower price and the lower it is the more probable is the retracement, like which just occured
  • #969
  • Apr 15, 2015 6:23am Apr 15, 2015 6:23am
Quoting Mattrix83
{quote} Thanks for the reply. I shorted 6 positions on Eur but closed all on a retracement . Though I reestablished 3 lots on a next leg down, but it was entered at a slightly lower price and the lower it is the more probable is the retracement, like which just occured
I always emphasize on managing downside, and let the market decide the outcome of a trade.

Best of luck in your trade!

fartist
Whether you can or you can't, you are both right.
  • #970
  • Apr 15, 2015 8:16am Apr 15, 2015 8:16am
Quoting fartist
{quote} I always emphasize on managing downside, and let the market decide the outcome of a trade. Best of luck in your trade! fartist

Totally agreed. Managing loss is the key to success. I am still learning
  • #971
  • Apr 16, 2015 6:14am Apr 16, 2015 6:14am
Often i get questions by traders asking me whether a trend is ending. And the simple answer is i can't predict consistently.

However there are trading tools in the market that can give you heads up on when a trend is weakening.

I'll explain more in this video below

Inserted Video


fartist
Whether you can or you can't, you are both right.
  • #972
  • Apr 16, 2015 6:40am Apr 16, 2015 6:40am
Hi, my first ever post here. I only trade Forex and Indices. This is an excellent thread. I would like to know is there any place on the web which indicates the trending markets. Thanks. BTK
  • #973
  • Apr 16, 2015 7:15am Apr 16, 2015 7:15am
Nice one fartist..im also like to trade pa + ma
FXerha
  • #974
  • Apr 16, 2015 7:27am Apr 16, 2015 7:27am
Quoting fartist
Often i get questions by traders asking me whether a trend is ending. And the simple answer is i can't predict consistently. However there are trading tools in the market that can give you heads up on when a trend is weakening. I'll explain more in this video below https://www.youtube.com/watch?v=wYSyCuM72i0 fartist
Very good video. Keep this good work.
  • #975
  • Apr 16, 2015 10:09pm Apr 16, 2015 10:09pm
Great video, great thread.

Glenn
  • #976
  • Edited 2:14am Apr 17, 2015 2:01am | Edited 2:14am
Quoting FXerha
Nice one fartist..im also like to trade pa + ma
Thanks erha!

Hope everything is working out fine for you.

fartist
Whether you can or you can't, you are both right.
  • #977
  • Apr 17, 2015 2:15am Apr 17, 2015 2:15am
Quoting isp00rt
{quote} Very good video. Keep this good work.
Hey isp00rt,

Thank you for your feedback. Hope you found it useful!

fartist
Whether you can or you can't, you are both right.
  • #978
  • Apr 17, 2015 2:15am Apr 17, 2015 2:15am
Quoting glenn1168
Great video, great thread. Glenn
Thank you glenn, cheers!

fartist
Whether you can or you can't, you are both right.
  • #979
  • Apr 17, 2015 2:56am Apr 17, 2015 2:56am
Any other strongly trending markets that people are looking at - very quiet in forex at the moment, or else I'm not looking in the right places
  • #980
  • Apr 17, 2015 7:22am Apr 17, 2015 7:22am
Quoting verv
Any other strongly trending markets that people are looking at - very quiet in forex at the moment, or else I'm not looking in the right places
From a daily chart perspective, the strongest trends i see right now are eurusd, dax, FR40 and bund.

I could miss out a few but these are what's on my mind right now.

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