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Trend Trading System

  • #1,161
  • Jul 8, 2015 8:03am Jul 8, 2015 8:03am
Quoting afhacker
Short opportunity: {image}
Good spotting!
Whether you can or you can't, you are both right.
  • #1,162
  • Jul 8, 2015 1:54pm Jul 8, 2015 1:54pm
Hello!

Sharing my current position;

Short on NZD USD
Short on CAD JPY looking to add position
Short on AUD USD
  • #1,163
  • Jul 8, 2015 6:18pm Jul 8, 2015 6:18pm
USDJPY weekly chart:
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 68 KB


Good long opportunity.
Without an edge MM is useless!
  • #1,164
  • Jul 9, 2015 6:01pm Jul 9, 2015 6:01pm
Good trade on GJ weekly chart:
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 76 KB
Without an edge MM is useless!
  • #1,165
  • Jul 9, 2015 9:18pm Jul 9, 2015 9:18pm
Quoting afhacker
Good trade on GJ weekly chart: {image}
Did you enter strictly based off of the weekly chart? How did you base your stop loss? Do you still enter if you see something contradicting on a lower TF such as Daily or 4h?
  • #1,166
  • Jul 9, 2015 9:46pm Jul 9, 2015 9:46pm
Quoting Lordfork
{quote} Did you enter strictly based off of the weekly chart? How did you base your stop loss? Do you still enter if you see something contradicting on a lower TF such as Daily or 4h?
I'm always looking 4H, D1 and weekly charts before entering any trade and my SL is always based on trend HH and HL or LL and LH(I'm not using ATR).
Without an edge MM is useless!
  • #1,167
  • Jul 10, 2015 1:09am Jul 10, 2015 1:09am
Quoting afhacker
{quote} I'm always looking 4H, D1 and weekly charts before entering any trade and my SL is always based on trend HH and HL or LL and LH(I'm not using ATR).
Very concise! Thank you for sharing!
  • #1,168
  • Jul 10, 2015 10:31am Jul 10, 2015 10:31am
Afhacker, good spot on the weekly!
Fartist mentioned drawing your own trend lines in one of his videos. Here's that working to good effect, as price has slightly deviated from its usual 20/50 ema zone.
Attached Image (click to enlarge)
Click to Enlarge Name: XPD.USD 2.png Size: 73 KB
  • #1,169
  • Jul 10, 2015 5:07pm Jul 10, 2015 5:07pm
Today is the very bad day for me in trading, I got many SL's but I was using shorter time frames such as D1, H4 and H1. May be this system doesnt effective for short TF's.

Now I will use larger TF's such as W1, D1 and H4. I am sure this combination will work.

Thanks for the Rayner and other contributors for making this wonderful thread. I am reading this thread from begining and now I am on 22th page, I hope I will catch you soon

Regards,
Umee
I Win, I Lose, It's my Job... And I Love it!
  • #1,170
  • Jul 10, 2015 9:15pm Jul 10, 2015 9:15pm
Quoting umairsheikh2
Today is the very bad day for me in trading, I got many SL's but I was using shorter time frames such as D1, H4 and H1. May be this system doesnt effective for short TF's. Now I will use larger TF's such as W1, D1 and H4. I am sure this combination will work. Thanks for the Rayner and other contributors for making this wonderful thread. I am reading this thread from begining and now I am on 22th page, I hope I will catch you soon Regards, Umee
I started out trying to trade the trend on those time frames too but just couldn't get it down. I was just eager to see gains. I'm doing much better on the W1, D1, and 4H charts!
  • #1,171
  • Jul 10, 2015 9:22pm Jul 10, 2015 9:22pm
Quoting OliverG
Afhacker, good spot on the weekly! Fartist mentioned drawing your own trend lines in one of his videos. Here's that working to good effect, as price has slightly deviated from its usual 20/50 ema zone. {image}
Hi Oliver,

Trend line is one way to gauge the trend, but i don't use it in my trading.

But others may find it useful

fartist
Whether you can or you can't, you are both right.
  • #1,172
  • Jul 10, 2015 9:23pm Jul 10, 2015 9:23pm
For those who are interested, i did a recent webinar on Trading 101: Understanding the basics of trading.

I usually take down these videos within 72 hours, so feel free to watch it if you're new to trading.

Inserted Video


fartist
Whether you can or you can't, you are both right.
  • #1,173
  • Jul 10, 2015 9:33pm Jul 10, 2015 9:33pm
Some of the longer term trends in the markets, based on weekly chart.

Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 210 KB


Attached Image (click to enlarge)
Click to Enlarge Name: snp.jpg Size: 210 KB


Attached Image (click to enlarge)
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fartist
Whether you can or you can't, you are both right.
  • #1,174
  • Jul 11, 2015 11:13pm Jul 11, 2015 11:13pm
Heiken Ashi is really helpful for finding end of pullbacks.

Heiken Ashi chart:

Attached Image (click to enlarge)
Click to Enlarge Name: download (1).png Size: 79 KB


Candle chart:

Attached Image (click to enlarge)
Click to Enlarge Name: download (2).png Size: 96 KB


After this I will try to use both(Heiken Ashi on TradingView and Candle on my MT4).
Without an edge MM is useless!
  • #1,175
  • Jul 12, 2015 9:54am Jul 12, 2015 9:54am
COT report S&P500 -> 3 weeks short rising / large speculators / leveraged contract and traders.
This could be a good point do go short.

Attached Image (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1436712644
Enter Signature
  • #1,176
  • Jul 12, 2015 8:07pm Jul 12, 2015 8:07pm
Short opportunity on NZDJPY 4H:
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 76 KB
Without an edge MM is useless!
  • #1,177
  • Jul 12, 2015 8:35pm Jul 12, 2015 8:35pm
Quoting afhacker
Short opportunity on NZDJPY 4H: {image}
I'm jumping on as well! Nice spotting
  • #1,178
  • Jul 12, 2015 8:47pm Jul 12, 2015 8:47pm
Yea looking at it too!
  • #1,179
  • Jul 13, 2015 1:09am Jul 13, 2015 1:09am
I am in the trade for AUDJPY instead with stop loss at 2 ATR of my entry level.
  • #1,180
  • Jul 13, 2015 1:38am Jul 13, 2015 1:38am
Morning fellow traders...please may I ask a quick question. What are the pro's and cons to entering on the weekly charts in your experience, rather than say the daily or 4 hour? Have a great week everyone
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