Thread: Trend Trading

94915Hey David Thanks guy. I've been trading curriencies for 4 decades, But I have traded stocks since 1998 using fundamentals. I did all the stupid things as everybody else until I begin to look for an edge and found the tendency to be the edge for me. At least in curriencies because of the tendencies. I like what you are doing the way. I understand we neglected to follow through to the exit egy however this is the reason they call us HUMANS. We can on a pullback that is fantastic. With trader sentiment. I am also trying some things with the weekly and yearly percentage just like you mention about the 1.5 percent before entering. I will keep you posted if I find something. Congratulation on your pleasant win also. Regards Darrell

94915

Originally Posted by ;

Yes David I'm outside at 1.3950 for a 600 pip commerce And that is my biggesr pip gain . I was going to depart at 1.4000 but that I simply couldn't wait. Anyhow it and commerce was surely due for a correction. Good luck all MR D.

Good one Mr D -- I have discovered that trades such as this one test your patience and discipline to the limited -- how many time did you wished to depart it before you attained your prefer profit goal?
Regards

94915I have also closed one third of the general size and profit at 1.3926. And I will be reentering in a better price once I see some service forming. Actually I haven`t anticipated strong support at 1.4 somehow, however as it might n`t close above even on 4H TF. .

94915Hey Due WILD DOG, I felt pretty comfortable until the pip full got pretty high as well as the last day things got pretty volatile. That is an indiion of significant money planning to take profit. The very reason we've got retracements the majority of the time. Just my opinion.I think next time I will attempt to take some off the table and then lock it up and just add to the trade following the retrace. Based when to reunite in. Check out his website too. Very well thought out. Thank you again. Enjoy your title reminds me of me. Regards

94915Good Job Saintsurfer for hanging in and just closing a trade that is tight. Probably what I should have done. I just saw all of the volatility and believed if the dogs aren't sure of leadership then some money is attempting to take a profit near the end of the week. I look to get back in when a number of Davids conditions are satisfied. Have a Fantastic weekend everybody Regards Mr D

94915

Originally Posted by ;

I only watched all of the volatility and thought when the big dogs aren't sure of leadership then some big money is attempting to take some profit close to the close of the week.

That has been pretty much the same for me. I said I'd exit on a large weekly candle, either two or three weeks without a new high, or so the open positions ratio. It was hovering between approximately 62-55.

Then the market hit stiff resistance at 1.4000 and began falling like a stone and also the ratio got to approximately 53%. So I thought that is it gonna go to 50 and produce an exit signal in the upcoming few hours, may as well not give any pips left and back then. But it never did quite drop to 50% or below and shouldn't have exited, I will want to get back and go but I might never get back in at the price I jumped out at.

Hello,

The EUR/USD looks like it's about to close higher than it has shut since early May. Should this happen then will be a new four and a half month high which is where (according to my tests) new highs and lows start to become pretty significant (statistically speaking). Greater highs and lower lows really start to matter around 4 to 6 weeks.

Big and sudden price movements are also statistically significant and the final big bearish weekly candle has been 6 weeks ago, which is probably far enough before not to matter to a lot.

Sentiment can be important and according to OandA's open position ratio, 57.4percent of retail forex traders are brief, which is also a bullish signal.

If anyone is interested in trend after then they may be interested in following this particular thread.

For the sake of the thread, I'm going to trade micro lots within an account I have with GFTUK. I will use a mixture of the first two mechnical trading systems I have on my blog, Strange Curriencies I and Strange Currencies II: http://www.myforexdot.org.uk/Strange...iesSystem.html and http://www.myforexdot.org.uk/StrangeCurrenciesII.html

I'll be using the exit critieria in the initial system, leaving when the market fails to earn a new high for approximately 12 days and I'll add to positions if I start getting into profit suggested in the second system.

Hopefully this will be the start of a long-term motion and certainly will see new yearly highs