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45 Combo - Long term Trading

  • #21
  • Sep 24, 2015 3:51pm Sep 24, 2015 3:51pm
Very much interested
  • #22
  • Sep 24, 2015 8:34pm Sep 24, 2015 8:34pm
Interested.

If possible, can you please also make some post to your 45combo moment trading thread?
  • #23
  • Sep 25, 2015 9:02pm Sep 25, 2015 9:02pm
OK.. I see some interests and I got about an hour to spend here to spit this out.
It's simple unless you make it complicated, which most of you will.

Stay tune..
  • #24
  • Edited 10:43pm Sep 25, 2015 9:27pm | Edited 10:43pm
The entry on my long term 45 combo is picked off the hourly TF (1hr) with not much different than the 1m entry. The only difference is I let the mac to turn opposite with at least one full bold bar closed.

So Price pulls-back to 40ema and beyond with 5ema most likely crossing over. Once you got Mac to follow with turning to opposite side and closing one full bold bar, then you got yourself a qualified setup which you can place your buy or sell order on the next following narrow bar just a few pips under the 40 ema line most ideally the spot it broke through on pullback time.

Ok now buckle up... I gun for minimum of 100 pips and I do not use STOPS. If a trade goes in my favor sharply I let it run and extend the TP.. if not I try to get out with estimated target. If a trade goes wrong and fake outs on me, I will try to get out of it on the pullback. If it does not pullback and heads on straight against me I let it be till next correction, or at times closing a deal for large amount, -500 or something if I have too.

This is where it brings us to an important and vital element which is nothing less than "Money Management". Your risk should be no more than 0.02% of your account size per pips.. ($10,000 / 0.02% = 0.20 lot or $2.00 per pips), I recommend 0.01% for beginners till find comfort.
... and yes you do need a large capitol in order to worth your time and money.

I spend no more than 30 minutes per night to check charts for new orders or adjust existing orders. I do take a quick glance on my phone a few times a day just to make sure I do not miss opportunities. If I miss a signal and if it's not way too late I place a limit order.

On the next post I put up a image of a possible setup..
  • #25
  • Sep 25, 2015 9:29pm Sep 25, 2015 9:29pm
finished 2 packs of popcorn already.... when show will start?
It is the dust where you came from & it is the dust where you shall return
  • #26
  • Sep 25, 2015 9:34pm Sep 25, 2015 9:34pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.IH1.png Size: 135 KB
  • #27
  • Sep 25, 2015 9:41pm Sep 25, 2015 9:41pm
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.IH1.png Size: 110 KB
  • #28
  • Sep 25, 2015 9:41pm Sep 25, 2015 9:41pm
You like the two signal above!!!....
ok watch the next one..
  • #29
  • Sep 25, 2015 9:47pm Sep 25, 2015 9:47pm
Oh ya.. a loser for a straight 400 pips turn with no real hiccups on the way to get out for minimal loss...

BUT, it's ok.. the cure is "Patience" and "risking wise".
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.IH1xx.png Size: 146 KB
  • #30
  • Edited 10:46pm Sep 25, 2015 10:08pm | Edited 10:46pm
In this style of long term trading you're acting more as an investor rather than an trader. You will not see buffet or paulson or any other real business person to put up a long term trade and put in a tight stop loss with it, it just wouldn't work.
The key is MM.. and not missing opportunities in order to keep scoring single wins to overcome your once in a while large losers. I do not have a back up plan for losers or some kind of a mathematical bs where you add to positions or double up or etc,
I just try to stick to my plan, and , keep scoring single wins. Once in while I too end up with big wins, so it's all relevant.

You need Patience, You need to risk wise like I suggested, and you shall be fine.

As you gain experience in this fashion of trading you will be able to dodge some of the losers by checking higher tf or other techniques... but don't ever think you can out smart the market too much.. don't flirt with it too much to say the least. You will get cut and thats just part of the game and an fact. You're better off to keep it as simple as possible and to stay calm and cool when it's going the wrong way, that would be my best advise to you all.

You could expect about 100% annually gains... which is by far better than any other investments.
  • #31
  • Edited 10:31pm Sep 25, 2015 10:17pm | Edited 10:31pm
That's it boys and girls.

If you like you can share your trades or discuss up coming setups, existing positions, alert ones shaping up for discussion and etc,... just don't deviate too much from the core.

I trade the following pairs only: eur/usd - gbp/usd - usd/jpy - eur/jpy - aud/usd - nzd/usd - eur/aud
  • #32
  • Sep 26, 2015 2:15am Sep 26, 2015 2:15am
  • #33
  • Sep 30, 2015 1:01am Sep 30, 2015 1:01am
Quoting fx-Tycoon
Oh ya.. a loser for a straight 400 pips turn with no real hiccups on the way to get out for minimal loss... BUT, it's ok.. the cure is "Patience" and "risking wise". {image}
this was pure luck that you came out with a little loss letting it run to -400pips.
in the long run you will end up loosing it all.
i have a lot of experience in trading forex, so its a warning for newbies. dont be naive and let losses uncontrolled run!
in the first years i tried also these kind of experiments like the thread starter does with good intentions hopefully, but it will end up in a mess for sure!
always keep in mind "trading is risk controlling"
  • #34
  • Sep 30, 2015 4:19am Sep 30, 2015 4:19am
I wish you the best luck Tycoon .... just remeber....."The market can stay irrational longer than you can stay solvent." — John Maynard Keynes
  • #35
  • Sep 30, 2015 5:47am Sep 30, 2015 5:47am
Hi Tycoon,

May you share the Macd indi?

Thanks

Quoting fx-Tycoon
{image}
  • #36
  • Sep 30, 2015 10:25am Sep 30, 2015 10:25am
Quoting yag
{quote} this was pure luck that you came out with a little loss letting it run to -400pips. in the long run you will end up loosing it all. i have a lot of experience in trading forex, so its a warning for newbies. dont be naive and let losses uncontrolled run! in the first years i tried also these kind of experiments like the thread starter does with good intentions hopefully, but it will end up in a mess for sure! always keep in mind "trading is risk controlling"
I have no problem with closing such trades at -400 if it's called for to get out. I do take losses, large and small, but, one thing I don't do, and that is to exit prematurely.
I showed this example for the folks to know the worst kinds of possible scenarios, to be prepared and know.. therefore to risk wisely and little and never ever lose sight of MM.

This is definitely not a thread for newbies.. and I can tell you are not as experience as you sound (no offence), just stating the obvious.

When you trade long term you can not play it too tight... there is a risk control, but it's within 500 pips. Long term positions require breathing room and time. You would almost 100% of times find a spot to get out on a pullback for a loss control.. almost 100% of times you will see a pullback after any run.

.. and to say the least, no one is tight up to a chair to trade this method... it's just a presentation of the way I trade the long term frame after people showed interest and requested of me.
  • #37
  • Edited 12:48pm Sep 30, 2015 10:28am | Edited 12:48pm
Quoting Ace66
I wish you the best luck Tycoon .... just remeber....."The market can stay irrational longer than you can stay solvent." John Maynard Keynes
When it's proven that it is irrational and the position is doomed, then you simply exit.

.. it is as simple is that Ace.. been doing this for years.. and "Luck" is for wonders.
  • #38
  • Sep 30, 2015 10:29am Sep 30, 2015 10:29am
Quoting antonsatu
Hi Tycoon, May you share the Macd indi? Thanks {quote}
Check the 1st post of the other combo thread plz, it's all there.
  • #39
  • Oct 1, 2015 1:22am Oct 1, 2015 1:22am
Quoting fx-Tycoon
{quote} I have no problem with closing such trades at -400 if it's called for to get out. I do take losses, large and small, but, one thing I don't do, and that is to exit prematurely. I showed this example for the folks to know the worst kinds of possible scenarios, to be prepared and know.. therefore to risk wisely and little and never ever lose sight of MM. This is definitely not a thread for newbies.. and I can tell you are not as experience as you sound (no offence), just stating the obvious. When you trade long term you can not play it too...
ok now after your last statement i am sure you maybe have red some trading books, but you have lack of experience in practive.
you have some responsibility here, many other trader want to learn something or listen to you.
but what you are talking here makes no sense in practice(no offence).
anyway good luck, trading is a tough game. but letting losses run to more than -400 pips will not work in the long run.
  • #40
  • Oct 1, 2015 2:21pm Oct 1, 2015 2:21pm
Quoting yag
{quote} ok now after your last statement i am sure you maybe have red some trading books, but you have lack of experience in practive. you have some responsibility here, many other trader want to learn something or listen to you. but what you are talking here makes no sense in practice(no offence). anyway good luck, trading is a tough game. but letting losses run to more than -400 pips will not work in the long run.
I don't expect you to understand this. So just do yourself and everyone else a favor and move on.. don't worry about my responsibility and others mother Teresa.
Your next comment in here better be a productive one or some sort of useful contribution or you get the bounce.
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