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Trend Trading System

  • #1,101
  • Jun 21, 2015 8:49am Jun 21, 2015 8:49am
Quoting fartist
{quote} That's a good question and an important one. I take note of the correlation between the products i trade. I don't want to get over exposed to one product and get hurt because of some 'random' event. So watch the correlations in my portfolio. If i'm already short nzd, i would trade smaller on subsequent nzd setups. fartist
Hi Rayner, thanks for the advise. Would like to ask, since your trade strategy is to scale in, doesn't it mean that it would actually increase your exposure to that particular product as well? Do you scale in a t a smaller position as compared to the previous?
  • #1,102
  • Jun 21, 2015 11:03pm Jun 21, 2015 11:03pm
Waiting for breakout on Palladium H4:
Attached Image (click to enlarge)
Click to Enlarge Name: PalladiumH4.png Size: 17 KB
Without an edge MM is useless!
  • #1,103
  • Jun 22, 2015 1:03am Jun 22, 2015 1:03am
Just want to echo others - really great website and information here.You have a nice clean strategy and I especially like the videos - thanks so much for taking the time to do them.

I've left the lower time frames behind as not sustainable with full time employment. ‎

Currently looking to enter daily NZD/USD, GBP/JPY, SGD/JPY and Corn. Corn looks like it is forming a wedge so hoping for breakout. Slight over exposure to JPY but ok. ‎I'm placing the order, checking morning and evening and adjusting positions accordingly.

Am I right in saying the pullback (if caught as harder) is preferred as you catch the trend lower so SL more effective? You might not know but in your experience, are your entries more successful with pullback entries compared to range breakout entries, or it 50/50 ish.?‎
‎
  • #1,104
  • Jun 22, 2015 3:04am Jun 22, 2015 3:04am
In this week’s market analysis, I share with you the ‘cheapest’ metal in the market right now, and how you can look to trade it.

Then I talk about a couple trades I’m currently in, and share a trade I got stopped out recently.

Inserted Video


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.
  • #1,105
  • Jun 22, 2015 3:04am Jun 22, 2015 3:04am
Will get back to the questions later!
Whether you can or you can't, you are both right.
  • #1,106
  • Jun 22, 2015 7:59am Jun 22, 2015 7:59am
Quoting Javforex
{quote} Hi Rayner, thanks for the advise. Would like to ask, since your trade strategy is to scale in, doesn't it mean that it would actually increase your exposure to that particular product as well? Do you scale in a t a smaller position as compared to the previous?
Hi Jav,

Yes it would increase my exposure but i do scale in with smaller size.

Because the last thing i want is for price to go against me and stop me out for a loss larger than 1R.

fartist
Whether you can or you can't, you are both right.
  • #1,107
  • Jun 22, 2015 8:00am Jun 22, 2015 8:00am
Quoting afhacker
Waiting for breakout on Palladium H4: {image}
Nice spotting.

I got short last friday on the breakout of consolidation on H4.

fartist
Whether you can or you can't, you are both right.
  • #1,108
  • Jun 22, 2015 8:01am Jun 22, 2015 8:01am
Quoting OliverG
Just want to echo others - really great website and information here.You have a nice clean strategy and I especially like the videos - thanks so much for taking the time to do them. I've left the lower time frames behind as not sustainable with full time employment. ‎ Currently looking to enter daily NZD/USD, GBP/JPY, SGD/JPY and Corn. Corn looks like it is forming a wedge so hoping for breakout. Slight over exposure to JPY but ok. ‎I'm placing the order, checking morning and evening and adjusting positions accordingly. Am I right in...
Thanks for sharing Oliver!

Yo're welcome and i'm glad it helps

Trading pullbacks always has the potential of missing a move, when price doesn't come to your entry.

Breakouts will always get you in the move, but at a poorer trade location.

Those are the pros and cons and we just have to deal with it.

I find myself trading breakout slightly more than pullbacks.

fartist
Whether you can or you can't, you are both right.
  • #1,109
  • Jun 22, 2015 8:47am Jun 22, 2015 8:47am
Another great breakout opportunity on GBPNZD H4:
Attached Image (click to enlarge)
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Without an edge MM is useless!
  • #1,110
  • Jun 23, 2015 6:55am Jun 23, 2015 6:55am
Don't miss this opportunity(NZDCHF H4):
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 74 KB
Without an edge MM is useless!
  • #1,111
  • Jun 23, 2015 7:12am Jun 23, 2015 7:12am
Quoting fartist
In this weeks market analysis, I share with you the cheapest metal in the market right now, and how you can look to trade it. Then I talk about a couple trades Im currently in, and share a trade I got stopped out recently. https://www.youtube.com/watch?v=rh-Fs3JhmBQ I hope you have enjoyed this weeks market analysis. As always, comments are welcomed and encouraged. Cheers! fartist
Nice video. Subscribed to this threat.. Great!
  • #1,112
  • Jun 23, 2015 7:56am Jun 23, 2015 7:56am
Quoting afhacker
Don't miss this opportunity(NZDCHF H4): {image}
Great spot afhacker!
  • #1,113
  • Jun 25, 2015 1:27am Jun 25, 2015 1:27am
Quoting happytrade38
{quote} Nice video. Subscribed to this threat.. Great!
Thanks Happy!

Hope it helped

fartist
Whether you can or you can't, you are both right.
  • #1,114
  • Jun 25, 2015 1:36am Jun 25, 2015 1:36am
My second attempt at joining Nsd/usd
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  • #1,115
  • Jun 25, 2015 1:45am Jun 25, 2015 1:45am
My sell order stopped out at NZDCHF H4 but now I think we have another sell opportunity.
Same type of move(NZDCHF H4):
Attached Image (click to enlarge)
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Without an edge MM is useless!
  • #1,116
  • Jun 25, 2015 9:32am Jun 25, 2015 9:32am
Hi fartist,
Am‎I right in saying that ‎you can trailyour SL on 1 hour and 4 hour charts o‎nce price has taken off and beyond 3R ?
I've been following your exit strategy of price closing beyond ema 50 or new price structure forming LL (in an uptrend) or HH (in a downtrend).
ButI'd like to try all options, especially since I won't be able to check my charts for a few days so was thinking of putting my entries made on the 1 hour and 4 hour charts on a TSL of 2xATR (1R) once they clear 3R profit ?‎
Thanks for your interest, most appreciated
Regards, Oliver
  • #1,117
  • Jun 26, 2015 3:36am Jun 26, 2015 3:36am
Is the GBPAUD worth paying attention to for a potential break out? A good opportunity to go long?
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  • #1,118
  • Jun 27, 2015 8:24pm Jun 27, 2015 8:24pm
EU pullback trade on weekly chart:
Attached Image (click to enlarge)
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Without an edge MM is useless!
  • #1,119
  • Jun 27, 2015 9:08pm Jun 27, 2015 9:08pm
Hi fartist,

First of all,may i thank you for sharing your strategy with us.i have been following this thread and i must say this is the best thread i have come across on FF, and to crown it all,i have adopted this method.

pls what do you mean by ATR?

thanks.
  • #1,120
  • Jun 27, 2015 11:33pm Jun 27, 2015 11:33pm
Possible breakdown in price on NZDCAD coming up? I shared these charts with someone on another forum and they pointed out to me price divergence in the MACD on the daily chart. Is there any significance in this for trend watchers? I'm new, and have appreciated the wealth of knowledge I have been able to extract from this thread so far. Hoping to be able to contribute in the future.
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