Web10/7/ · If you used smart discretionary trading in the above example, Option 1: Trade smaller size in the setup after your first win, your net profit would be $ or more. WebWhich Strategy Is Best For Forex Trading? A common short-term trading strategy is the scalping. A scalping strategy involves taking many small losses on your trade with little Web9/3/ · Trend trading. Staying with trend means following the swings. If price is rising the swings will be rising so we only want long trades, when price falls with swings making Web20/7/ · If price continues it's trend up say, we can say that so far, it appears to be a real trend and profit can be extracted if it continues long enough. If price breaks trend Web1/9/ · Systematic Trend Trading. This is a journal of a simple trend trading strategy that combines simple market truths: Trend, momentum, asymmetrical risk reward, long ... read more
It was a counter trend session short term trend based on the moving averages during the European opening hours 5th Sept. I can't help but feel a little responsible as I did send him a PM, but more as a heads up about how people may perceive his last post rather than an accusation.
Limstylz: I will take a look at the Igrok method later today and let you know what I think. Intraday 15 min. If it was so simple Monday might well see the price challenge the H1 ZL, but this is now potentially likely to offer much more R than it did on the 18th because of its position now on the H2 chart.
NY session, London session, Asian session Unique experiences and past performances do not guarantee future results. Based on Homodyne Discriminator by John F.
It would not lag behind the time series it is computed from. I'll try my best to discuss this in the second section. Given their huge capital requirements, they obviously moved the market, and we then simply were front running their orders. May 22, am May 22, am. Pound long, reducing stops and all. Cutting your risk, letting your profits run 7 replies.
I have no interest whatsoever in his company and I don't make a dime on any of his products. As the Nexas setup is essentially a scalping setup close targetsthe model suggests the best approach is to take everything off if profit reaches 2x risk or 13 pips, so we'll start with.
Joined Oct Status: Member 5, Posts. Ideally, you would like a filtered signal to be both smooth and lag-free. Anyone use Systematic from Alpari? I've been enjoying your posts scjohn. Thus, on the W1 chart, one should look "inside" of bars to find the correct prices for 1st January and 31st December of each year almost.
Aug 31, am Aug 31, am. Nadex pricing does not refresh download tradestation fxcm style of investing follows a very simple form of logic: only enter the market when an oscillator has moved far above or below traditional trading levels.
I have never been one for indicators as I have done just fine with out them but I am open minded enough to see the possibilities. The following are what I consider HTF momentum trends. Merka, here's an example ref the trade management Attached Image click to enlarge. The stall is also off the previous highs as seen earlier back and off the 50EMA. Otherwise, look for another trading system that makes you how to use support and resistance in binary options mr pip forex factory less and adhere to the mantra of the KISS approach.
Keep them coming. Again, the trend was up, and once the R had been tested and tested again, it remained for Wall St to take it higher. Intraday pattern reliability. Price is always trying to tell us a story, it is about understanding what it is telling us and reacting in real-time.
How do I enter.?? Here is my latest scalping price action analysis. Manual Backtesting this can take forever. The red lines outline the cannopy pot stock hudson city stock dividend daily trading range for the past 30 days - GMT. It is based around price action pattern recognition in combination with support and resistance and momentum. I get in at support on the long. After two years I'm still unable to turn profits. Phoenix Disliked Hi, v2vboni Is there a possibility to switch off the intraday session levels dotted , excepting CME levels solid?
All traders can contribute to it by finding and exploiting an edge hence creating a simple system method to help us enter and exit profitably.
The smoothing coefficient is automatically updated based on the magnitude of price changes. Let's look at the unfiltered case first. Just finished my trading session.
After he gave me a little pep talk, he started walking away and loudly proclaimed: "Remember, psychology is a crutch for those not knowing what's going on. It means Aug 19, am Aug 19, am. I hope you enjoy your time here and welcome to the Factory. Hence, it is highly recommended to seek a duly licensed professional for investment advice whether any given investment idea, strategy, product, or service described herein may be appropriate for your circumstances.
My focus is no longer on system cause I believe the system I use is great. Attachments: Cutting your losses early - Momentum based method. I have started a Google Sheet document and populated it with my R-data from this month. My relative risk is -1r. It's a solid base to start your journey from. Intraday price action method replies intraday trend trading with price action replies This Alchemy May Yield Real Gold 2 replies.
However, in these times there were other investors or traders that started to use this more recently with financial instruments, such as Currency Futures or Forex pairs as some of the modern algorithms began to optimize this tool to integrate with their trading strategy or algorithms.
Of all the moving averages the SMA lags price the most. Mar 26, am Mar 26, am. I have tried summing it up in a 4-step process and I'm sure that I missed out on some details that we can add later. A dip at the London open, but anyone who knows the Dax will know that this is what usually happens, an aggressive move against the trend, to then rally hard. Quoting mashfx. Part of being a proficient trader is absorbing all information, good and bad, and then systematically processing it.
My relative risk is my average reduction of the stop. Exit Attachments. Check out the beautiful support on the sma orange dash on the 12th. I guess if I program the strategy I can try many different EMAs combinations during automated backtesting. Quoting Fx Profits. Limstylz: I realize that not everyone has the more advanced mathematical basis to understand some of the things that I'm discussing, that's why I download forex virtual trading covered call skew the topic fairly short for.
Edited at pm May 16, pm Edited at pm. I believe this is something robust but I want to know if other modes of can i buy joey stock on robinhood mobile apps differences also work. Quoting Rdr.
Phoenix Disliked Hi, v2vboni Is there a possibility to switch off the intraday session levels dottedexcepting CME levels solid? Quoting bloodpoodle. Jul 21, pm Jul 21, pm. With so much arguments going on cat was never able to discuss his trend following strategy. I should rename my screen name To FxProfitless Apr 26, am Apr 26, am.
I typically use the weekly, daily, and h4 charts as my higher time frames. It began with 'Once upon a time'. Well, i been discretionary trading breakout strategy lately with some success paper trading with my resistance and support lines, with no indicators.
Joined First time trading stock tips how can i trade penny pot stocks Status: No guts, no glory 3, Posts. Now try to convince me that was merely a coincidence. On the other hand, trying to take too many things into account increases complexity, increases the danger of over-optimization curve-fittingand can be difficult to actually trade.
This method is about not blowing up your account and gives an actionable plan to "cutting your losses early". I wanted everyone's help on this thread. What do you think? There's a few more interactive brokers bond search tech stocks to short to this simplified example and if you're skeptical which you should bego ahead and ask me.
A perfect moving average would have two attributes: It would be smooth, not sensitive to random noise in the underlying time series. Sorry, can not help you. Extreme investing employs the use of oscillators to exploit tradable trends in the market. Easier said than done. Way to go Jupiter. A Systematic Approach to Markets. PMd to you Ignored Yes, probably in the future release including line thickness of those FX Fixing levels , but not a priority at the moment as I am still working on something.
Quoting mmaker. It's an introductory book into market profiling. The indicator is built for MT4. Trust me, I'm getting to the filters but I think it's important to understand why something works, not just blindly follow a setup. I promise I'll eventually get to the filters but I think it's important to make some concepts and metric terminology clear.
Joined Mar Status: turning probability into profit 1, Posts. Jumped in at 1. Quoting Atokys. Also, I wouldn't need to rely on the market moving an absolute of 1. The session was volatile in nature due to several high impact financial data releases coming out of the Euro zone. Speaking from my viewpoint, which is strictly quantitative, an edge has 3 components: 1 a set of Market events which has non-random characteristics 2 one or more of these characteristics are exploitable.
To think that you can beat the market just by following the trend especialy in fx I reduce my stop smurf village tradingview fibonacci tutorial pips. Joined May Status: Member 37 Posts.
Aug 20, pm Aug 20, pm. Intelligence is the ability to adapt to change. It's great pity, it was very interesting. The Exponential and Weighted Moving Averages were developed to address this lag by placing more emphasis on more recent data.
Every market I've analyzed has some trending tendency, some of course more than others, but incorporating that tendency by placing orders in the direction of the trend would be a proper exploitation. Quoting Nala Any ideas on an ema s I can use on 3 min chart best mt4 trade management software how to use amibroker with zerodha I can identify trend for my breakout strategy?
MyFxbook Integration. May 20, am May 20, am. I would like to see your source on. Joined Sep Status: No guts, no glory 3, Posts. Looking for full time job. Edited at pm Apr 15, pm Edited at pm. Quoting Intu. Attached File. However, some short-term traders, for instance, wanted to wait for one side to lose the battle and either go long on a break above the VWAP or short on a break below the VWAP. Hi Tomlee, It is indeed a shame about Scjohn. Knowledge of behavioral psychology can be of value when looking for and refining edges.
If a large number of trades are taking place at a specific price level i. Lets get some feed back and help from other pro's. Also, please be reminded that there is always the potential for loss. I totally agree with your last post on filters. It is hard to believe anything written on the Internet without personal proof. If the TVI is above zero, it indicates that net buying has taken place over the time-period displayed. What is interesting is how the range completed this morning at midday Tradingview scripts channge forex non directional trading strategies.
Quoting v2vboni. To think that you can beat the market just by following the trend especialy in fx Joined Jun Status: Member 75 Posts. The way I came up with this was by tracking my results over 50 trades. In my opinion, the Turtles' system lacks robustness and I completely agree with your take on prop indicators. Furthermore, tons of educational books and articles have to be read.
Attached Image click to enlarge Intelligence is the ability to adapt to change. I am ever the cynic being the only ant on the planet with the intelligence to know I am going to be stomped on if I run with the pack. What we can take from his posts though is that there are a few ways to improve the strike rate of the system and although he has shown everyone one or two ways, there are a few others that can also help.
Great time for trading, but you've got to be quick. Most of these indicators included in this system by default are using the limited number of bars option to load much faster on your chart. Joined Apr Status: Member 33 Posts. I would be more than happy to trade the London mornings for you and then you trade the US morning for me :- You get more sleep and I get to go flying in the afternoons :- Look forward to your response and to the filters.
As for the practice I would advice to start with NO Deposit bonuses, as they would allow you to trade with real money. Therefore, waiting for the price to fall below VWAP could mean a missed opportunity if prices are rising quickly. If everything went fine But the problem was that they just don't work nearly as well. Additionally, it makes it easy for traders to attribute success to what really is pure luck, which leads to overconfidence.
Quoting Merka. Notice the cup forming Edited at pm Mar 27, am Edited at pm. VWAPs, they both are the same in formulas ;- ancored at some specific and common-used timeframes, from the beginning of the year and month, for example. In the Deviation-Scaled Moving Average, the standard deviation from the mean is chosen to be the measure of this magnitude. Mar 30, pm Mar 30, pm. Consider this scenario - On average: I enter a trade that has a stop of 30 pips.
This illusion of excellence is fostered by the availability bias, and it masks the reality that most traders are losers, are blowing up, or have just plain quit the business.
Thin horizontal blue lines are saying trying to establish higher platforms Just make it realistic to achieve. Joined Oct Status: Member Posts. Joined Oct Status: Member 15 Posts. I will be recapping posts and results and combine all in one post as we go.
No retest One can develop a robust trading method in either direction, winning some and losing some, after all if we all traded in the same direction we wouldn't have a market to trade in. Having a short-term perspective will lead to setting irrational goals and making irrational trading decisions. These patterns like triangles and flags do work BUT you have to use them in the right context.
May 19, am May 19, am. As a simple reality check, if any one pattern tested consistently better than random in any timeframe there would be many, many extraordinarily rich traders around - but there aren't. However, these indicator driven systems, cannot evolve with the market because they use the fixed buy and sell zones. These days, I mainly trade several of the index futures, a few forex pairs, and select stocks. Joined Mar Status: Member 16 Posts. I will try these things. Quoting Dr. Using ftse mib futures trading hours td td ameritrade and only one metric to measure each factor for each setup helps reduce curve-fitting risk.
Attachments: Cutting your losses free intraday candlestick charts nse low float scan thinkorswim - Momentum based method. I think that it is more important the way we do things than anything. I should cut down on my analysis. Systematic Trading vs.
The JMA's improved timing and smoothness will astound you. Similar Threads Trade management Last Post : Jan 2, pm Jan 2, pm. Quoting hards. This trade had price action combined with support and resistance, with the short term trend and momentum. It was a counter trend session short term trend based on the moving averages during the European opening hours 5th Sept.
I can't help but feel a little responsible as I did send him a PM, but more as a heads up about how people may perceive his last post rather than an accusation. Limstylz: I will take a look at the Igrok method later today and let you know what I think. Intraday 15 min. If it was so simple Monday might well see the price challenge the H1 ZL, but this is now potentially likely to offer much more R than it did on the 18th because of its position now on the H2 chart.
NY session, London session, Asian session Unique experiences and past performances do not guarantee future results. Based on Homodyne Discriminator by John F.
It would not lag behind the time series it is computed from. I'll try my best to discuss this in the second section. Given their huge capital requirements, they obviously moved the market, and we then simply were front running their orders. May 22, am May 22, am. Pound long, reducing stops and all. Cutting your risk, letting your profits run 7 replies. I have no interest whatsoever in his company and I don't make a dime on any of his products.
As the Nexas setup is essentially a scalping setup close targetsthe model suggests the best approach is to take everything off if profit reaches 2x risk or 13 pips, so we'll start with. Joined Oct Status: Member 5, Posts. Ideally, you would like a filtered signal to be both smooth and lag-free. Anyone use Systematic from Alpari? I've been enjoying your posts scjohn. Thus, on the W1 chart, one should look "inside" of bars to find the correct prices for 1st January and 31st December of each year almost.
Aug 31, am Aug 31, am. Nadex pricing does not refresh download tradestation fxcm style of investing follows a very simple form of logic: only enter the market when an oscillator has moved far above or below traditional trading levels. I have never been one for indicators as I have done just fine with out them but I am open minded enough to see the possibilities. The following are what I consider HTF momentum trends. Merka, here's an example ref the trade management Attached Image click to enlarge.
The stall is also off the previous highs as seen earlier back and off the 50EMA. Otherwise, look for another trading system that makes you how to use support and resistance in binary options mr pip forex factory less and adhere to the mantra of the KISS approach. Keep them coming.
Again, the trend was up, and once the R had been tested and tested again, it remained for Wall St to take it higher. Intraday pattern reliability. Price is always trying to tell us a story, it is about understanding what it is telling us and reacting in real-time.
How do I enter.?? Here is my latest scalping price action analysis. Manual Backtesting this can take forever. The red lines outline the cannopy pot stock hudson city stock dividend daily trading range for the past 30 days - GMT. It is based around price action pattern recognition in combination with support and resistance and momentum.
I get in at support on the long. After two years I'm still unable to turn profits. Phoenix Disliked Hi, v2vboni Is there a possibility to switch off the intraday session levels dotted , excepting CME levels solid? All traders can contribute to it by finding and exploiting an edge hence creating a simple system method to help us enter and exit profitably. The smoothing coefficient is automatically updated based on the magnitude of price changes. Let's look at the unfiltered case first. Just finished my trading session.
After he gave me a little pep talk, he started walking away and loudly proclaimed: "Remember, psychology is a crutch for those not knowing what's going on. It means Aug 19, am Aug 19, am. I hope you enjoy your time here and welcome to the Factory. Hence, it is highly recommended to seek a duly licensed professional for investment advice whether any given investment idea, strategy, product, or service described herein may be appropriate for your circumstances.
My focus is no longer on system cause I believe the system I use is great. Attachments: Cutting your losses early - Momentum based method. I have started a Google Sheet document and populated it with my R-data from this month. My relative risk is -1r. It's a solid base to start your journey from. Intraday price action method replies intraday trend trading with price action replies This Alchemy May Yield Real Gold 2 replies.
However, in these times there were other investors or traders that started to use this more recently with financial instruments, such as Currency Futures or Forex pairs as some of the modern algorithms began to optimize this tool to integrate with their trading strategy or algorithms.
Of all the moving averages the SMA lags price the most. Mar 26, am Mar 26, am. I have tried summing it up in a 4-step process and I'm sure that I missed out on some details that we can add later. A dip at the London open, but anyone who knows the Dax will know that this is what usually happens, an aggressive move against the trend, to then rally hard.
Quoting mashfx. Part of being a proficient trader is absorbing all information, good and bad, and then systematically processing it. My relative risk is my average reduction of the stop. Exit Attachments. Check out the beautiful support on the sma orange dash on the 12th. I guess if I program the strategy I can try many different EMAs combinations during automated backtesting. Quoting Fx Profits. Limstylz: I realize that not everyone has the more advanced mathematical basis to understand some of the things that I'm discussing, that's why I download forex virtual trading covered call skew the topic fairly short for.
Edited at pm May 16, pm Edited at pm. I believe this is something robust but I want to know if other modes of can i buy joey stock on robinhood mobile apps differences also work.
Quoting Rdr. Phoenix Disliked Hi, v2vboni Is there a possibility to switch off the intraday session levels dottedexcepting CME levels solid? Quoting bloodpoodle. Jul 21, pm Jul 21, pm. With so much arguments going on cat was never able to discuss his trend following strategy. I should rename my screen name To FxProfitless Apr 26, am Apr 26, am. I typically use the weekly, daily, and h4 charts as my higher time frames. It began with 'Once upon a time'. Well, i been discretionary trading breakout strategy lately with some success paper trading with my resistance and support lines, with no indicators.
Joined First time trading stock tips how can i trade penny pot stocks Status: No guts, no glory 3, Posts. Now try to convince me that was merely a coincidence. On the other hand, trying to take too many things into account increases complexity, increases the danger of over-optimization curve-fittingand can be difficult to actually trade. This method is about not blowing up your account and gives an actionable plan to "cutting your losses early".
I wanted everyone's help on this thread. What do you think? There's a few more interactive brokers bond search tech stocks to short to this simplified example and if you're skeptical which you should bego ahead and ask me. A perfect moving average would have two attributes: It would be smooth, not sensitive to random noise in the underlying time series. Sorry, can not help you. Extreme investing employs the use of oscillators to exploit tradable trends in the market.
Easier said than done. Way to go Jupiter. A Systematic Approach to Markets. PMd to you Ignored Yes, probably in the future release including line thickness of those FX Fixing levels , but not a priority at the moment as I am still working on something.
Quoting mmaker. It's an introductory book into market profiling. The indicator is built for MT4. Trust me, I'm getting to the filters but I think it's important to understand why something works, not just blindly follow a setup.
I promise I'll eventually get to the filters but I think it's important to make some concepts and metric terminology clear. Joined Mar Status: turning probability into profit 1, Posts. Jumped in at 1. Quoting Atokys. Also, I wouldn't need to rely on the market moving an absolute of 1. The session was volatile in nature due to several high impact financial data releases coming out of the Euro zone. Speaking from my viewpoint, which is strictly quantitative, an edge has 3 components: 1 a set of Market events which has non-random characteristics 2 one or more of these characteristics are exploitable.
To think that you can beat the market just by following the trend especialy in fx I reduce my stop smurf village tradingview fibonacci tutorial pips. Joined May Status: Member 37 Posts. Aug 20, pm Aug 20, pm. Intelligence is the ability to adapt to change. It's great pity, it was very interesting. The Exponential and Weighted Moving Averages were developed to address this lag by placing more emphasis on more recent data. Every market I've analyzed has some trending tendency, some of course more than others, but incorporating that tendency by placing orders in the direction of the trend would be a proper exploitation.
Quoting Nala Any ideas on an ema s I can use on 3 min chart best mt4 trade management software how to use amibroker with zerodha I can identify trend for my breakout strategy? MyFxbook Integration. May 20, am May 20, am. I would like to see your source on. Joined Sep Status: No guts, no glory 3, Posts.
Otherwise, I can simply ignore anyone whenever I am damn well, please A technical stop like placing below a low or high is in my estimation a better way to be "right" on a trade, but you won't make more money than you lose on average unless your absolute return on the move exceeds your average relative stopout.
The EURUSD 5 minute chart was stagnant and formed a floor with the momentum candles being bullish with weak selling pressure to push price further south. Jul 23, am Jul 23, am. Sep 6, am Sep 6, am. This is particularly logical or correct as the indicator builds pivots using the current chart prices data.
May 18, pm May 18, pm. The algorithm is stable and avoids the complexities of neural networks. Edited at am Mar 29, am Edited at am. Edited at pm Mar 27, pm Edited at pm. In what indicator have you made it? Attached Image. I am curious to know where you are heading with this, so please find another subscriptor in me! So I can best stock trader ever manitou gold stock apologize to how to make money shorting penny stocks play with penny stocks cheaply participants on this thread is every trade crypto taxable cryptopay debit faq his input was indeed very valid.
The RSX retains all the useful features of RSI, but with forex factory discretionery trend trading past intraday data important exception: the noise is gone with no added lag. My absolute risk is for a stop is now. Richard Dennis is one of the people who use to preach and propagate the trend following myth. Nexas's Intraday Range Bar Trading.
I day trading philippine stock exchange pivot point indicator forex factory stay away from any well-known pattern because it's likely being exploited by the professionals to get you stopped. Your trading results may vary. That's why I prefer to go with a smaller stop because I can reach a relative return, that is higher than my average stopout over 50 trades quicker.
If this is new to you, look into Van Tharp or just google it. Joined Feb Status: Member 1, Posts. Edited at pm Sep 13, pm Edited at pm. Trading graphs bitcoin bitfinex btc usd bitcoinwisdom Image click to enlarge MT4 object maintenance:. Started a spreadsheet to track this method's performance with other people. Right on Atokys. I'm showing the entire month of April, which has been in a strong uptrend. The way I enter trades is with momentum. One thing I ask of all, lets not clutter up this thread.
Each one of us is good at something or many things. Mar 21, pm Mar 21, pm. Here is my five cents worth Hunting High and Low. Attached Image click to enlarge. Here in the Forex Factory we seek the truth and every single opinion I have seen thus far has had the opposite view chucked at it until an argument ensues.
Having read the wiki or rather tried to follow it using my schoolboy maths , I'm afraid that this subject is a little beyond me. No guts, no glory. General overall starting to form a bowl shape reversal.
I look forward to your thoughts and next post. Best D. I'm sure many traders share similar views and issues. Thin horizontal blue lines are saying trying to establish higher platforms Posting on this thread requires that you are a human and not a troll These patterns like triangles and flags do work BUT you have to use them in the right context.
For such, it needs the one who's in between the keyboard and a chair. Aug 30, am Aug 30, am. Here is a trade I recently took on the EURUSD 16th Aug 5min chart Price is rolling over in a uniform nature and with the short term trend moving averagesprice has made a small bounce off the 50 EMA and also off a trend-line that has formed over the past 4 hours, as well as a low from several hours ago so support turning into resistance.
Far from all non-random characteristics of the markets are exploitable so 1 and 2 are strictly necessary in order to gain an edge. In fact a conversation with Scjohn last week where he asked me how I filter my trades as he can't necessarily see how it can be profitable without, got forex factory discretionery trend trading past intraday data thinking. If it is less than VWAP, then they purchased shares at a good price. Attached Images click to enlarge.
Please see attachment. I hope that all helps. Blau, who was an electrical engineer before becoming a trader, thoroughly examines the relationship between price and momentum. Three of has stock chart what time charts to use for day trading filters: counter to DAD, momentum patterns, and to some extent into strong resistance, would require access to his stuff.
Typical, Previous Close. Is it possible for you to post the calculation you are using in an Excel spreadsheet? Have you noticed how moving averages add some lag delay to your signals?
Joined Mar Status: Member 4, Posts. I only trade for 2. I'm a computer scientist by training, started out at a market making firm in implementing then later developing models, moved to a prop desk at an IB, and then set out on my own in. I think if some people joined this method, we can quickly gather enough data to make sure this method is robust for not just a year but for many years to come. If the TVI is below zero, it indicates that net selling has taken place over the time-period displayed.
Thank you for the huge effort V2. My zero lag shows me that they will be caught on the wrong side of the trade. If you need any clarification on the sheet let me know but I think it's pretty self-explanatory. Mar 21, am Mar 21, am. The point of the chart analysis is to make the things discussed in section 1 happen. The accounts he was managing also experienced major losses during this time.
Quoting Merka. Notice the cup forming Edited at pm Mar 27, am Edited at pm. VWAPs, they both are the same in formulas ;- ancored at some specific and common-used timeframes, from the beginning of the year and month, for example. In the Deviation-Scaled Moving Average, the standard deviation from the mean is chosen to be the measure of this magnitude. Mar 30, pm Mar 30, pm. Consider this scenario - On average: I enter a trade that has a stop of 30 pips. This illusion of excellence is fostered by the availability bias, and it masks the reality that most traders are losers, are blowing up, or have just plain quit the business.
Thin horizontal blue lines are saying trying to establish higher platforms Just make it realistic to achieve. Joined Oct Status: Member Posts. Joined Oct Status: Member 15 Posts. I will be recapping posts and results and combine all in one post as we go. No retest One can develop a robust trading method in either direction, winning some and losing some, after all if we all traded in the same direction we wouldn't have a market to trade in.
Having a short-term perspective will lead to setting irrational goals and making irrational trading decisions. These patterns like triangles and flags do work BUT you have to use them in the right context. May 19, am May 19, am. As a simple reality check, if any one pattern tested consistently better than random in any timeframe there would be many, many extraordinarily rich traders around - but there aren't. However, these indicator driven systems, cannot evolve with the market because they use the fixed buy and sell zones.
These days, I mainly trade several of the index futures, a few forex pairs, and select stocks. Joined Mar Status: Member 16 Posts. I will try these things. Quoting Dr. Using ftse mib futures trading hours td td ameritrade and only one metric to measure each factor for each setup helps reduce curve-fitting risk. Attachments: Cutting your losses free intraday candlestick charts nse low float scan thinkorswim - Momentum based method. I think that it is more important the way we do things than anything.
I should cut down on my analysis. Systematic Trading vs. The JMA's improved timing and smoothness will astound you.
Similar Threads Trade management Last Post : Jan 2, pm Jan 2, pm. Quoting hards. This trade had price action combined with support and resistance, with the short term trend and momentum. It was a counter trend session short term trend based on the moving averages during the European opening hours 5th Sept.
I can't help but feel a little responsible as I did send him a PM, but more as a heads up about how people may perceive his last post rather than an accusation. Limstylz: I will take a look at the Igrok method later today and let you know what I think.
Web4/2/ · This is the reality of mid-long term trend following performance since which has been a particularly tough period for trend followers in general apart from a few WebTrend trading requires identifying some historical period (take your pick) where price has travelled more in one direction than another then executing a trade in the WebDiscretionary trading is trading based on one's observation or experience of/on the market (not just lazy habit of: 'whenever I see this chart pattern/the price hit this level, I WebTrend trading. Staying with trend means following the swings. If price is rising the swings will be rising so we only want long trades, when price falls with swings making higher Web48 Traders 51% Open GBP/JPY 44% 47 Traders 59 Traders 56% Open Data Source: Trade Explorer The data on this page is sourced from traders using Forex Factory's Trade Web20/7/ · If price continues it's trend up say, we can say that so far, it appears to be a real trend and profit can be extracted if it continues long enough. If price breaks trend ... read more
The problem here is that it becomes impossible to analyze the true situation and learn from mistakes. On the other hand, mechanical system trading is ideal for those traders who are looking for speed and accuracy. I promise I'll eventually get to the filters but I think it's important to make some concepts and metric terminology clear. Now try to convince me that was merely a coincidence. Mar 26, am Mar 26, am. As you can tell, the main difference between these two trading systems is the amount of trader discretion in making trades. Good luck!
During this session you could have taken multiple trades with 0. Quoting bloodpoodle. Sep 6, am Sep 6, am. Hi Tomlee, It is indeed a shame about Scjohn. Right on Atokys. The following are what I consider HTF momentum trends. Sorry, can not help you.