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    Thread: My great strategy to trade with trends on all pairs

    1. #1
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      Thumbs up My great strategy to trade with trends on all pairs

      The system I use is rather
      basic, I will post some
      charts, I use 3 SMA lines,
      set up as a 30 SMA 50, and
      100, and those help me
      determine the if we are trending or not, let show
      you with a couple of charts
      one showing a trend and
      one that is not trending.
      What I look for is for ALL
      of the MA lines to be parallel and pointing in the
      same direction. If the lines
      are crossing and all over
      the place then the pair is
      not trending on that time
      frame. Notice how lines are nice and parallel and all
      pointine in the same
      direction...
      Attached Images  


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    3. #2
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      Smile no risky

      RISK ,The reasion I use the MA
      lines is because they are
      dynamic and they will move
      with the pair, markets are
      not perfect, and just
      playing off the straight trend lines...well those are
      breached many times and
      and can be difficult to use
      consistantly, however they
      do have thier place and I
      will go over that very soon. The MA lines can tell you a
      lot about the how healthy
      the trend is, the 100 MA is
      one I watch very close, if
      that starts getting tested
      then there is a possiblity the trend could be running
      of gas...
      Attached Images  


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      I also draw the trendlines
      on the setup charts, as I
      said before they drawn
      trendlines have there place,
      here is the EURUSD pair
      with the trend lines in place, the horizontal line
      represent the support and
      resistance lines and as you
      can see it looks like the
      Support might hold, as it
      bounced not only off the daily trend line but it there
      was a support line in that
      same area. So we actually
      have a confluence of
      support in that area. That
      is one of the keys to this system is to make you have
      a confluence of S/R in the
      entry area. Examples would
      be Previuos swing highs or
      lows, Fib numbers, and
      round number areas, on my charts my grid is setup so
      only the round numbers are
      showing, like 1.00,
      1.50,2.0...etc Those work
      as S/R as well. So in basic I
      wait for the market to rebound back to the MA
      lines, and look for a
      confluence of S/R in that
      area, I need at least 4
      confluences before I even
      think about taking and entry point.
      Attached Images  


    5. #4
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      @ezzo4x
      Thanks for sharing.
      I've trade similar system like yours in the past.
      It give good result, if you're patience to open only on trending market,
      and step aside in ranging market.


    6. #5
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      Now how do I determine
      when to trigger a
      trade...well here is how I do
      it, I will draw my trend
      lines and look to make sure
      on the setup chart that we are in the area of the MA
      lines and that we have our
      confluence of S/R in that
      same area, now I will
      switch to a smaller time
      frame, usually I use a divide by 4 rule, if we are
      on the hourly chart for a
      setup chart then I use the
      15 minute chart for a
      trigger chart that way you
      can see the price action better. I wait for the price
      to break the counter trend
      line and then I WAIT again
      but this time I wait for a
      pullback, I like to see about
      3 or 4 bar pullback then when the price breaks
      below the start of the
      pullback that is where I
      trigger the trade, I place
      my Stop right at the area
      where the pullback ended or a few pips above or
      below...And I DO NOT
      move it, if it backs up and
      triggers my stop, then so
      be it. I will give examples
      of how I do this, and also how I set my targets using
      this system. And also I do
      not trade if the pip spread
      is higher than 7 pips, if it is
      then I leave it alone and
      look for lowere spreads, but that is just how I do it.
      Always remember that the
      higher time frames will
      prevail over the smaller
      time frames. There will be
      trends within trends...etc


    7. #6
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      So basically here the rules
      for this system when
      looking for an entry point:
      1. MA's must parallel and
      pointing in the same
      direction 2: price must be in the area
      of SMA lines to look for an
      entry
      3: There must be a
      confluence of support and
      resistance in that area, Fib number, previous swing
      high or low, round numbers,
      trend lines...etc
      4: Wait for the pullback and
      continuation formation on
      the trigger chart. 5: Set stops above the
      pullback on a down trend
      and below on an uptrend
      and do not move them.
      I will post charts showing
      this entry system using some trades that I have
      taken.


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      Quote Originally Posted by greentea** View Post
      @ezzo4x
      Thanks for sharing.
      I've trade similar system like yours in the past.
      It give good result, if you're patience to open only on trending market,
      and step aside in ranging market.
      I do not calim to be
      an expert by any means but
      I do know this system has worked for me, over and
      over again, what I would
      recomend is practicing with
      this on a demo account, and
      get as much screen time as
      you can, and back test it so as I did, I practiced this
      system a lot before I went
      live with it, I figured if I
      can go 2 solid weeks
      without a losing trade then
      I am ready to try it live. And I have not looked back
      since. It is the only system
      I use and it works. I have
      my charts set up so I can
      see every pair that I trade,
      here is what I see in the morning, I use Metatrader
      for my charting package
      and I trade on another
      platform I look to see what
      pair might offer some
      trading opportunities in the morning and I make a list
      of those pairs, and that is
      my watch list for a day..
      Attached Images  


    9. #8
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      I will demo its experience
      Are there any indicators help?
      To confirm the intersection...


    10. #9
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      Quote Originally Posted by ezzo4x View Post
      So basically here the rules
      for this system when
      looking for an entry point:
      1. MA's must parallel and
      pointing in the same
      direction 2: price must be in the area
      of SMA lines to look for an
      entry
      3: There must be a
      confluence of support and
      resistance in that area, Fib number, previous swing
      high or low, round numbers,
      trend lines...etc
      4: Wait for the pullback and
      continuation formation on
      the trigger chart. 5: Set stops above the
      pullback on a down trend
      and below on an uptrend
      and do not move them.
      I will post charts showing
      this entry system using some trades that I have
      taken.
      Another thing I should
      mention too, is look at the
      Average daily range, and
      make sure you have enough
      room to make the trade in
      the direction of the trend, in my charts I have and
      indicator that shows me the
      current days range and the
      average daily range, and
      using the ADR and round
      numbers intself has netted me a lot of good trades,
      rememebr those round
      numbers are areas where
      stops and targets are set by
      many of the big players and
      more times than not when the prices reaches those
      numbers something will
      happen look at the chart
      s howing the USDJPY and
      looked at the price action
      around the grid lines...those grid lines are
      the round numbers..this is
      my trading chart...
      Attached Images  


    11. #10
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      Quote Originally Posted by ronaldo View Post
      I will demo its experience
      Are there any indicators help?
      To confirm the intersection...
      welcome brother , you can sure your intersection well by using bollinger bands indicator on your chart by confirm the intersection when the candle close under the average line of it ( $Ell ) , and when the candle clothe above the average line of bollinger bands ( BUY ) - with my pleasure...


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