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When Price is UP, buy; when Price is Down, sell short...

  • #1,041
  • Aug 24, 2016 8:07am Aug 24, 2016 8:07am
Hello Sunshine,

Thank you for examples of your's two strategies. Please tell us which strategy is better use and which moment? Both strategies are very good but 1st sometimes is better than 2nd.
  • #1,042
  • Edited Aug 26, 2016 12:49am Aug 25, 2016 1:12am | Edited Aug 26, 2016 12:49am
Quoting Woolfpol
Hello Sunshine, Thank you for examples of your's two strategies. Please tell us which strategy is better use and which moment? Both strategies are very good but 1st sometimes is better than 2nd.
it is my pleasure Woolf,
i cannot say for sure which strategy is better, sometimes the higher timeframe trend-following Strategy 1 is better than lower timeframe counter-trend Strategy 2, and other times it is the opposite.

there are however 2 extremely important factors, and they are:

  1. choose the timeframe which suits you best, if u can be able to check-up on your signals and trades at the close of the latest bar than select that one, example; if u like the 4hrs tf but won't be able to check-in every 4hrs than this tf is not for u. on the otherhand, if u can make it every 4hr bar close to check on signals and current 4hr trades then by all means choose that tf.
  2. most important: when u get an entry signal in your chosen tf... then do not think and reason and tafakkur...just enter trade, put SL, close trading platform, check-in 4hrs later and do the necessary trade management

  • #1,043
  • Aug 26, 2016 1:33am Aug 26, 2016 1:33am
EURUSD:
here is an example of M+D=uP.
this Method is aimed at Swing Traders, in otherwords those traders that can only manage to look at charts once or twice a day and those traders that do not which to be glued to the trading all day.

please note:

  1. i recommend that open Counter Trend trades (in white) are closed when a new Trend Following signal appears. i closed that ct trade and it yielded gains...see today's bar.
  2. but u may keep that ct short trade open and then enter a new buy trade should u so desire.
  3. i generally close ct trades when new trend-following longs appear.

​this chart below is posted for information purposes.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD M+D=uP buy Strategy explained fri 26Aug.png Size: 30 KB
  • #1,044
  • Aug 30, 2016 4:16am Aug 30, 2016 4:16am
I opened short position on AUD/CHF @ 0,7396
I decided to trade on 6hrs chart.
Weekly up
6hrs down - cross LSL
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_AUD_CHF_6 Hours_snapshot.png Size: 12 KB
  • #1,045
  • Aug 30, 2016 4:19am Aug 30, 2016 4:19am
Another position is long EUR/AUD @ 1,4799 SL 1,4735
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_AUD_6 Hours_snapshot.png Size: 14 KB
  • #1,046
  • Aug 31, 2016 2:48am Aug 31, 2016 2:48am
Quoting Woolfpol
Another position is long EUR/AUD @ 1,4799 SL 1,4735 {image}
good keep it up
  • #1,047
  • Edited 3:20am Aug 31, 2016 2:55am | Edited 3:20am
EURUSD Dly Counter Trend shorts, still open.
2 losses from previous buys visible on chart...buys were based on M+D=uP therefore, with the trend. check above post 1,045 of 26Aug for reference.
only last short trade is at risk of 44 pips because 1st short trade SL moved down to breakeven plus a few pips, about 7 pips.
Please note red news today for USD, CAD & AUD ... trade accordingly.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dly LSL sells wed 31Aug.png Size: 29 KB
  • #1,048
  • Aug 31, 2016 3:44am Aug 31, 2016 3:44am
2 more trade examples; note SL placement and prior losses taken off valid trade signals.

  1. USDJPY Counter-trend buy trades &
  2. USDCAD Trend-following buys
  3. anything can happen, the red news later today may reverse all trades and stop-out these buys... be prepared for that.

​

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY & USDCAD Dly ct & with trend trades wed 31Aug.png Size: 25 KB
  • #1,049
  • Aug 31, 2016 4:00am Aug 31, 2016 4:00am
Quoting sunshine
{quote} good keep it up
I close it yesterday @ 1,4830
I know that I have to work to keeping a position. Sometimes is good to close faster but sometimes is better to keep longer opened positions.

Regarding for transaction i just closed GBP/USD and EUR/GBP.

EUR/GBP sold at 0,8510 and closed at 0,8478
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_6 Hours_snapshot.png Size: 12 KB
  • #1,050
  • Aug 31, 2016 4:02am Aug 31, 2016 4:02am
And GBP/USD opened at 1,3095 closed 1,3152
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_6 Hours_snapshot.png Size: 13 KB
  • #1,051
  • Aug 31, 2016 4:22am Aug 31, 2016 4:22am
Quoting Woolfpol
And GBP/USD opened at 1,3095 closed 1,3152 {image}
Well done Woolfpol

last week the M+D buy signals resulted in a loss so i reversed my bias and bought when a new signal suggested upward continuation. i still have those counter-trend trades but moved SL to protect.
here is that Daily chart.
Attached Image
  • #1,052
  • Aug 31, 2016 6:22am Aug 31, 2016 6:22am
Quoting sunshine
{quote} Well done Woolfpol last week the M+D buy signals resulted in a loss so i reversed my bias and bought when a new signal suggested upward continuation. i still have those counter-trend trades but moved SL to protect. here is that Daily chart. {image}
Very nice transaction on gbp/jpy. I was thinking about it too yesterday. Yesterday were few signals on crosses with GBP... but unfortunately i missed opportunity...
  • #1,053
  • Aug 31, 2016 10:05am Aug 31, 2016 10:05am
New opened position: long AUD/CAD @ 0,9859 SL 0,9808
Weekly up
Daily down but if the market close at this level will be up
6hurs up
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.png Size: 30 KB
  • #1,054
  • Aug 31, 2016 10:08am Aug 31, 2016 10:08am
I don't know what to do with EUR/USD. Take short or wait? Market felt down almost 250 pips from highs.
Now is sell signal in 6hrs chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 21 KB
  • #1,055
  • Aug 31, 2016 10:10am Aug 31, 2016 10:10am
Quoting Woolfpol
{quote} Very nice transaction on gbp/jpy. I was thinking about it too yesterday. Yesterday were few signals on crosses with GBP... but unfortunately i missed opportunity...
thanks Woolf, i just moved SL's to protect, even on the earlier posted USDJPY & USDCAD of this morning and others.
  • #1,056
  • Aug 31, 2016 10:13am Aug 31, 2016 10:13am
When i saw writting my last posts EUR/CAD makes buy signal and moved up quickly. i am out.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.png Size: 27 KB
  • #1,057
  • Aug 31, 2016 10:17am Aug 31, 2016 10:17am
Quoting Woolfpol
I don't know what to do with EUR/USD. Take short or wait? Market felt down almost 250 pips from highs. Now is sell signal in 6hrs chart. {image}
if signal is unclear or you are uncertain what to do then do nothing, don't enter any trades...close trading platform and step away.

look at my EURUSD Dly chart of earlier today above, i'm still in those 2 short trades but have just moved my SL's down to protect some gains and limit losses on the other one should price reverse.
  • #1,058
  • Aug 31, 2016 11:25pm Aug 31, 2016 11:25pm
Hello,
I have just opened postion on AUD/USD buy @ 0,7540 SL 0,7486
Weekly down, 6hrs up and market crossed LSH.
Attached Image (click to enlarge)
Click to Enlarge Name: aud.png Size: 38 KB
  • #1,059
  • Sep 1, 2016 12:38pm Sep 1, 2016 12:38pm
Quoting Woolfpol
Hello, I have just opened postion on AUD/USD buy @ 0,7540 SL 0,7486 Weekly down, 6hrs up and market crossed LSH. {image}
good Woolfpol, u following your strategy.
  • #1,060
  • Edited 12:52pm Sep 1, 2016 12:47pm | Edited 12:52pm
below is the EURUSD Dly chart that i've been posting now for a few days.
the 2 short trades got stopped out for a tiny net gain.

the dynamics for the month of September [officially the start of the Spring season here in the Southern half of our planet earth]
have changed... so now Trend-following signals are Shorts and Counter-trend signals are closes above the Last Swing Highs[LSH's]
that means a ct buy trade is setting up should price close at or above that LSH line of today... if that happens then buys rule.
Attached Image
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