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Trend Trading System

  • #1,441
  • Oct 15, 2015 8:50am Oct 15, 2015 8:50am
Quoting umairsheikh2
{quote} Do you use support and resistance level for entry with pending orders?
No I just enter when the PA looks right. Seldom use pending orders.
Combat crazy markets with crazy trading
  • #1,442
  • Oct 15, 2015 8:52am Oct 15, 2015 8:52am
Quoting fartist
Thank you for sharing Oz. Here are some charts that caught my attention... Potential shorting opportunities at the 20 & 50 ma. {image} {image} fartist
Gold & silver should prove to be great trend trades, But I don't trust Aud/Nzd to go far.
Combat crazy markets with crazy trading
  • #1,443
  • Oct 15, 2015 12:03pm Oct 15, 2015 12:03pm
Quoting CrazyOz
{quote} If you insist on using ma's. try 10 & 30 EMA on 4h & daily only for trend trading
there is no magical moving averages, indicators or time frames...depends on goals of the trader....its all about controlling risk and best to concentrate on not what you make but what you lose....
  • #1,444
  • Oct 15, 2015 10:58pm Oct 15, 2015 10:58pm
Quoting CrazyOz
{quote} That's good Olu. But it takes posts & charts etc to keep a thread going.
I hear you CrazyOz. Thanks for posting the chart. Its all about learning and profiting at the end of the day.
If you think you can or cannot do it you are correct
  • #1,445
  • Oct 15, 2015 11:36pm Oct 15, 2015 11:36pm
CrazyOz , How did u work out when the trade will reach TP , Please
  • #1,446
  • Oct 15, 2015 11:56pm Oct 15, 2015 11:56pm
Quoting CrazyOz
Hhmmm. No-one interested in trend trading. !!! Pity
I am but your chart colors make my eyes bleed

Just kidding, you post some great examples and I notice you use trend lines pretty good

You might consider to use Tom DeMark Trendline as most of yours match with what I see on my charts, as this one

This way they stay consistent and if no swing point develops, they stay constant

And save you drawing them all the time

Keep up the good work, where in OZ are you by the way?

Regards, John (near Brisbane)
Attached Image (click to enlarge)
Click to Enlarge Name: 16-10-2015 2-50-22 PM.png Size: 92 KB
MAY THE TREND BE WITH YOU
  • #1,447
  • Oct 16, 2015 7:43am Oct 16, 2015 7:43am
Quoting Erebus
{quote} I am but your chart colors make my eyes bleed Just kidding, you post some great examples and I notice you use trend lines pretty good You might consider to use Tom DeMark Trendline as most of yours match with what I see on my charts, as this one This way they stay consistent and if no swing point develops, they stay constant And save you drawing them all the time Keep up the good work, where in OZ are you by the way? Regards, John (near Brisbane) {image}
Cheers mate. On the Gold coast when in OZ
Yes the DeMark lines are good but I prefer to draw my own. Big fan of DeMark system, which answers terminator12s question.
Combat crazy markets with crazy trading
  • #1,448
  • Oct 17, 2015 10:04pm Oct 17, 2015 10:04pm
Not related to trading, but thought it's a good lesson we can learn from.

[Story of an old man, the boy and the donkey]

An old man, a boy, and a donkey were going to town. The boy rode in the donkey and the old man walked beside him. As they went along they passed some people who remarked it was a shame the old man was walking and the boy was riding.

The man and boy thought maybe the critics were right, so they changed positions.
Later, they passed some people who remarked, "What a shame! He makes that little boy walk."

They then decided they both would walk.

Soon they passed some more people who thought they were stupid to walk when they had a decent donkey to ride. So they both rode the donkey.

Now they passed some people who shamed them by saying how awful to put such a load on a poor donkey. The boy and man said they were probably right, so they decided to carry the donkey. As they crossed the bridge, they lost their grip on the animal, and he fell into the river and drowned.

The moral of the story?

If you try to please everyone, you might as well kiss your a** goodbye.
Whether you can or you can't, you are both right.
  • #1,449
  • Edited 1:17am Oct 18, 2015 12:45am | Edited 1:17am
Crazyoz , Thanks for telling me about De Mark system , 9EMA and 30EMA on what TF , i cant find it , Please , Ok Hourly Charts
  • #1,450
  • Oct 18, 2015 12:46am Oct 18, 2015 12:46am
fartist. It is true , Thanks for story ,
  • #1,451
  • Oct 18, 2015 4:19am Oct 18, 2015 4:19am
Quoting terminator12
Crazyoz , Thanks for telling me about De Mark system , 9EMA and 30EMA on what TF , i cant find it , Please , Ok Hourly Charts
For short term trend trading. ie: taking profit at retracements. 1H
For Long term trend trading. 4H & daily
No set rule as some pairs act different from others.
Combat crazy markets with crazy trading
  • #1,452
  • Oct 18, 2015 5:12am Oct 18, 2015 5:12am
Quoting fartist
Not related to trading, but thought it's a good lesson we can learn from. [Story of an old man, the boy and the donkey] An old man, a boy, and a donkey were going to town. The boy rode in the donkey and the old man walked beside him. As they went along they passed some people who remarked it was a shame the old man was walking and the boy was riding. The man and boy thought maybe the critics were right, so they changed positions. Later, they passed some people who remarked, "What a shame! He makes that little boy walk." They then decided...
True! We are facing these stupids people in daily routine.
I Win, I Lose, It's my Job... And I Love it!
  • #1,453
  • Oct 18, 2015 11:44am Oct 18, 2015 11:44am
Quoting CrazyOz
{quote} For short term trend trading. ie: taking profit at retracements. 1H For Long term trend trading. 4H & daily No set rule as some pairs act different from others.
Ok i go for long term Thanks
  • #1,454
  • Oct 19, 2015 3:28am Oct 19, 2015 3:28am
Attached Image
Combat crazy markets with crazy trading
  • #1,455
  • Oct 19, 2015 3:42am Oct 19, 2015 3:42am
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 31 KB
Combat crazy markets with crazy trading
  • #1,456
  • Oct 19, 2015 3:43am Oct 19, 2015 3:43am
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 32 KB
Combat crazy markets with crazy trading
  • #1,457
  • Edited 9:47am Oct 19, 2015 9:30am | Edited 9:47am
Hi Crazy.

Please can you explaine why do you sell EURAUD, if the price is above the 50EMA on charts M1, W1 and kind of D1?

Regards.
Slowly, but positively
  • #1,458
  • Oct 20, 2015 12:25am Oct 20, 2015 12:25am
This week's market analysis...

Inserted Video


fartist
Whether you can or you can't, you are both right.
  • #1,459
  • Oct 20, 2015 5:01am Oct 20, 2015 5:01am
Quoting AlexDee
Hi Crazy. Please can you explaine why do you sell EURAUD, if the price is above the 50EMA on charts M1, W1 and kind of D1? Regards.
For starters I don't use MAs.
EA is below my indicator on both Daily & 4H
You are right to think the EA has more room to go North, however all trends have retraces & this looks like a wave 4 which is usually a major retracement
This pair ranged in consolidation for nearly 6 weeks then broke South & appears only 1/2 way to the target.
From the break-out to the target gets you 700 pips, so well worth trading.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 38 KB
Click to Enlarge Name: EURAUDDaily.png Size: 30 KB
Combat crazy markets with crazy trading
  • #1,460
  • Oct 20, 2015 6:20am Oct 20, 2015 6:20am
Bad month for me as a trend trader. Here is my LIVE account report!

Attached Image (click to enlarge)
Click to Enlarge Name: Report.png Size: 27 KB


What do you guys says? I am planning to re-tuning my strategy.

Regards.
Umair (Umee)
I Win, I Lose, It's my Job... And I Love it!
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