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The "V" trading system

  • #61
  • May 22, 2017 7:26am May 22, 2017 7:26am
Today's running trade , already a risk free and booked profit of +25 pips
The secret of success is to let the trade roll as long as possible , keep trailing while leaving space to breathe.

https://www.mql5.com/en/charts/70926...choice-limited
What goes up will come down...
  • #62
  • May 22, 2017 7:28am May 22, 2017 7:28am
its good when the market is trending,but when theres chop its a different story...
  • #63
  • May 22, 2017 7:41am May 22, 2017 7:41am
Quoting nozzer
its good when the market is trending,but when theres chop its a different story...
You are right , that's why using proper money management is crucial all the times.
The objective of "V" trading technique is to capture the beginning of the trend and staying with it , this could be very rewarding and stress free approach when done correctly on large time-frames.

All the best!
What goes up will come down...
  • #64
  • May 22, 2017 7:42am May 22, 2017 7:42am
whats your take profit target ,sam?
  • #65
  • May 22, 2017 7:50am May 22, 2017 7:50am
Quoting nozzer
whats your take profit target ,sam?
TP = just before previous swing high @ 147.19 , coinciding with DR3 & WR1

If taken out by protective stop , will re-enter as long as up direction is still valid.

"V" formation is only a candlestick pattern frequently appearing with new trends emerging.
What goes up will come down...
  • #66
  • May 22, 2017 8:00am May 22, 2017 8:00am
Quoting sam68
Today's running trade , already a risk free and booked profit of +25 pips The secret of success is to let the trade roll as long as possible , keep trailing while leaving space to breathe. https://www.mql5.com/en/charts/70926...choice-limited
Looks like you got in early, am I right?
  • #67
  • May 22, 2017 8:45am May 22, 2017 8:45am
Quoting ChicagoRob
{quote} Looks like you got in early, am I right?
Actually I got in late , and a second trade was placed after a dd of 40 pips
Once both were in profit I closed the 1st trade and kept the second so risk % is intact
What goes up will come down...
  • #68
  • May 22, 2017 8:54am May 22, 2017 8:54am
Quoting sam68
{quote} Actually I got in late , and a second trade was placed after a dd of 40 pips Once both were in profit I closed the 1st trade and kept the second so risk % is intact
Copy that. I wasn't looking at the first setup at the swing-high. Many green pips to you.
  • #69
  • May 22, 2017 10:03am May 22, 2017 10:03am
Hi everyone from a rainy Houston TX. Just a thought, look for the "V" to happen at key price levels.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD - D1 Chart - The V Pattern.png Size: 83 KB
  • #70
  • May 22, 2017 10:50am May 22, 2017 10:50am
Quoting Darryl
Hi everyone from a rainy Houston TX. Just a thought, look for the "V" to happen at key price levels. {image}
Hi Daryl. Is that a suggestion or something you have been doing yourself already? Would make sense to me.
  • #71
  • May 22, 2017 10:58am May 22, 2017 10:58am
I always look for price to hit key price levels, (or a line of support), especially pin pars.
And engulfing candles to close below key price levels.
I just thought it could be applied to the "V" method too, thats all.
  • #72
  • May 22, 2017 7:27pm May 22, 2017 7:27pm
Quoting Darryl
Hi everyone from a rainy Houston TX. Just a thought, look for the "V" to happen at key price levels. {image}
Thank you Darryl

It makes sense to look at such areas as they are normally good turning points.
V formations happening at such areas would be a confirmation to the turn
What goes up will come down...
  • #73
  • May 22, 2017 7:53pm May 22, 2017 7:53pm
Quoting poruchik
{quote} TF= D1 === It is bug? {image} {image} {image}
Hi poruchik, hmm weird. Anyways, will check on M1 and code as well. Till then, please use only on 'CURRENT' time frame.
  • #74
  • May 23, 2017 12:55am May 23, 2017 12:55am
Quoting darryl
hi everyone from a rainy houston tx. Just a thought, look for the "v" to happen at key price levels. {image}
hi darryl

what name indocator monitor weekly and monthly avarage on ur chart..?
i'm ever lose $2000, now time to go grow up
  • #75
  • May 23, 2017 2:23am May 23, 2017 2:23am
Hi

I am watching EurNzd. Prices are moving within the ascending channel.
There could be a nice setup tomorrow.

Green pips to all
Ana
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0009.PNG Size: 209 KB
  • #76
  • May 23, 2017 2:36am May 23, 2017 2:36am
Well Spotted Ana,

just beware that it's an upward channel so you will be swimming against the currents , hence divide your entries to capture the best averaged price.. ( in my opinion )

https://www.mql5.com/en/charts/70972...choice-limited
What goes up will come down...
  • #77
  • May 23, 2017 6:30am May 23, 2017 6:30am
USDCHF longs in place now as per previous plan more or less . d1, h4, h1 are satisfactory shapes for me in this case which I am interested enough in, and similar as before. Will require patience as usual, and I'll update progress if anything worth reporting on.
  • #78
  • May 23, 2017 7:10am May 23, 2017 7:10am
Quoting sam68
Well Spotted Ana, just beware that it's an upward channel so you will be swimming against the currents , hence divide your entries to capture the best averaged price.. ( in my opinion ) https://www.mql5.com/en/charts/70972...choice-limited
Hi. Just to say, having recently watched the original Paul Langham videos on this setup, this pattern is quite often found at a reversal point in the market and, therefore, Ana may well be gettng into the water just at the right time for a long ride down. However, I totally understand where you are coming from.

Andy
  • #79
  • May 23, 2017 9:54am May 23, 2017 9:54am
hi darryl

what name indocator monitor weekly and monthly avarage on ur chart..?
Attached File(s)
File Type: ex4 DWMRanges.ex4   21 KB | 706 downloads
File Type: mq4 DWMRanges.mq4   13 KB | 776 downloads
  • #80
  • May 23, 2017 12:04pm May 23, 2017 12:04pm
So if you enter and the next two bars knock you out of the market, do you re-enter in the opposite direction.

For example, you have two down bars and then two up bars... you buy. Next two bars are down bars (trade goes against you) and you absorb a loss. Do you now re-enter short since you have a V in the opposite direction?

Also, if this method really works it can be applied to any timeframe.. just depends on your spread and how much you take compared to that spread.
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