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MultiTimeFrame Trend Trading with Price Action

  • #221
  • Jul 6, 2015 2:48pm Jul 6, 2015 2:48pm
Quoting dimdel
{quote} so it seems very good worth for a serius second view thanks
Hi dimdel;

It looks promising, to me, by targeting 1.5R Take Profit makes a big difference it's know about continuing to take Trades as they come along without any second guessing.

I've done a quick 19 Month back test of AUD/USD 28 Trades 11 Losing Trades 13 Winning Trades and 3 Break Even this is no where near enough to make a difference statistically but it's a good start.
Attached Image (click to enlarge)
Click to Enlarge Name: 6th July 15 AUD:USD 19 Month Back Test.png Size: 155 KB
  • #222
  • Jul 6, 2015 5:20pm Jul 6, 2015 5:20pm
i must try it
but with eurusd + gbousd + gold
  • #223
  • Jul 8, 2015 12:37am Jul 8, 2015 12:37am
Quoting stevepatt
GBP/CHF D1 Short Setup GBP/NZD hasn't yet setup for a Short Trade but it's one I'm keeping an eye on. {image} {image}
GBP/CHF D1 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 8th July 15 GBP:CHF D1 Chart.png Size: 100 KB
  • #224
  • Jul 8, 2015 11:40am Jul 8, 2015 11:40am
Quoting stevepatt
{quote} GBP/CHF D1 Short Trade {image}
GBP/CHF D1 Short Trade

Trailing Stop Hit +74 Pips +0.54R +0.48%
Attached Image (click to enlarge)
Click to Enlarge Name: 8th July 15 GBP:CHF D1 Chart.png Size: 107 KB
  • #225
  • Jul 8, 2015 4:12pm Jul 8, 2015 4:12pm
NZD/USD D1 Pending Buy Stop
Attached Image (click to enlarge)
Click to Enlarge Name: 8th July 15 NZD:USD D1 Chart.png Size: 95 KB
  • #226
  • Jul 9, 2015 4:41pm Jul 9, 2015 4:41pm
NZD/USD D1 Buy Trade is now active

EUR/USD D1 Pending Sell Stop
EUR/JPY D1 Pending Sell Stop
GBP/CHF D1 Pending Sell Stop
Gold D1 Pending Sell Stop

I'm simply looking for the same Setup Candle pattern across all the Pairs I Trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 9th July 15 EUR:USD D1 Chart.png Size: 119 KB
Click to Enlarge Name: 9th July 15 EUR:JPY D1 Chart.png Size: 101 KB
Click to Enlarge Name: 9th July 15 GBP:CHF D1 Chart.png Size: 103 KB
Click to Enlarge Name: 9th July 15 Gold D1 Chart.png Size: 94 KB
  • #227
  • Edited 1:40am Jul 10, 2015 12:57am | Edited 1:40am
Quoting stevepatt
NZD/USD D1 Buy Trade is now active EUR/USD D1 Pending Sell Stop EUR/JPY D1 Pending Sell Stop GBP/CHF D1 Pending Sell Stop Gold D1 Pending Sell Stop I'm simply looking for the same Setup Candle pattern across all the Pairs I Trade. {image} {image} {image} {image}
I've cancelled the Pending Sell Stops on EUR/USD and EUR/JPY because of the aggressive Bullish move overnight.
  • #228
  • Jul 15, 2015 2:49pm Jul 15, 2015 2:49pm
Quoting stevepatt
{quote} I've cancelled the Pending Sell Stops on EUR/USD and EUR/JPY because of the aggressive Bullish move overnight.
Hello Steve

How are things developing, are you happy with the new set up and still using it?
Regards
  • #229
  • Jul 15, 2015 5:19pm Jul 15, 2015 5:19pm
Quoting howard
{quote} Hello Steve How are things developing, are you happy with the new set up and still using it?
Hi howard;

Yes I'm still Trading this Method I've added a MACD as an additional filter, see chart below
Attached Image (click to enlarge)
Click to Enlarge Name: 15th July 15 GBP:USD D1 Chart.png Size: 198 KB
Attached File(s)
File Type: zip Fractal_Trendline_Break_of 8SMA.zip   48 KB | 342 downloads
  • #230
  • Jul 16, 2015 12:28am Jul 16, 2015 12:28am
hi my friend
use the fractals like this?
i like the idea
Attached Image (click to enlarge)
Click to Enlarge Name: stev.png Size: 37 KB
  • #231
  • Jul 16, 2015 12:52am Jul 16, 2015 12:52am
yes i like it
what you think?

Attached Image (click to enlarge)
Click to Enlarge Name: steve2.png Size: 55 KB
  • #232
  • Jul 16, 2015 1:03am Jul 16, 2015 1:03am
sorry i dont want to change anything, but because my age i prefer very simple chart
  • #233
  • Jul 16, 2015 2:09am Jul 16, 2015 2:09am
Quoting dimdel
yes i like it what you think? {image}



Hi dimdel;

I haven't got any problem with anyone adapting what I'm doing to make it work for them.

By entering a Trade on the Break of a Fractal TrendLine could cause a lot of false entries.

What I've found, from back testing the Daily, is that I want to see, at least, a Break and Close of the Fractal TrendLine and 8 Simple MA and then set a Pending Stop Order to enter a Trade.
  • #234
  • Jul 16, 2015 6:20am Jul 16, 2015 6:20am
ok i will test it
D1+H4
i want see in H4 how appears the false signals
i will post my results
thanks
  • #235
  • Jul 16, 2015 1:40pm Jul 16, 2015 1:40pm
Quoting dimdel
yes i like it what you think? {image}


The AUD/USD Chart below demonstrates why I look for a Break of the Fractal TrendLine and the 8 SimpleMA I use the MACD for added confirmation of a Bearish or Bullish market.

Pending Buy/Sell Stop Orders can also keep me on the right side of the Market.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 16th July 15 AUD:USD D1 Chart.png Size: 120 KB
Click to Enlarge Name: 16th July 15 EUR:USD D1 Chart.png Size: 122 KB
  • #236
  • Jul 16, 2015 2:03pm Jul 16, 2015 2:03pm
clear
thanks
  • #237
  • Jul 17, 2015 1:48am Jul 17, 2015 1:48am
EUR/JPY D1 Pending Sell Stop
Attached Image (click to enlarge)
Click to Enlarge Name: 17th July 15 EUR:JPY D1 Chart.png Size: 124 KB
  • #238
  • Jul 17, 2015 6:32am Jul 17, 2015 6:32am
Quoting stevepatt
EUR/JPY D1 Pending Sell Stop {image}
Hi

Are you actually long on GBP/USD or your entry on stop has not been activated?
Regards
  • #239
  • Jul 17, 2015 5:10pm Jul 17, 2015 5:10pm
Quoting howard
{quote} Hi Are you actually long on GBP/USD or your entry on stop has not been activated?


Hi howard;

Yes, GBP/USD is Active currently (-33.6) pips.
  • #240
  • Jul 21, 2015 4:35pm Jul 21, 2015 4:35pm
NZD/JPY D1 Pending Buy Stop
AUD/JPY D1 Pending Buy Stop

NZD/JPY D1 Sell Trade (-69) pips (-0.47R) (-0.42%)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 21st July 15 NZD:JPY D1 Chart.png Size: 124 KB
Click to Enlarge Name: 21st July 15 AUD:JPY D1 Chart.png Size: 124 KB
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