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A guide to trend trading in its simplest form.


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A guide to trend trading in its simplest form.

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  #101 (permalink)
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Crude had lots of setups started with Failed A short then D short and quick 3 A setup shorts .. It was on fire

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  #102 (permalink)
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After the blast of crude retraced and we dint get any d setup but quickly we got another A setup before Trend changed and crude went long mode and gave another A setup long and then again some choppy action as trend again reversed and another A setup Short.

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  #103 (permalink)
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As promised from this week onwards m gonna do some examples of day trading... Now the characteristics of day trading are different then of scalping .. in scalping we just took one or two setups and we were done thats scalping but in day trading we are looking to build a positions till the trend Lasts .. So when u get a new trend change you start of with a B position then you add on other setups .. For this example i took GBPUSD example with 5min and 30min chart .. on 30min we got a trend change so we started of with a B setup then with an A setup and then with a D setup .. Now again there are certain variables to day trading like How many positions you want to build what will be your stop loss now that all depends on the individual trader for now lets look at entries and add ons i will cover the stops and money management in the later topics ...

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  #104 (permalink)
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jinhar View Post
After the blast of crude retraced and we dint get any d setup but quickly we got another A setup before Trend changed and crude went long mode and gave another A setup long and then again some choppy action as trend again reversed and another A setup Short.

This may be a stupid question, but is a "5 point" chart the same as a "5 range" chart?

I haven't seen a point chart and not quite getting it. I know esignal is a bit different but just curious.

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  #105 (permalink)
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bluemele View Post
This may be a stupid question, but is a "5 point" chart the same as a "5 range" chart?

I haven't seen a point chart and not quite getting it. I know esignal is a bit different but just curious.

Yes they are the same.. for most platform till i know i have tried them on ensign multicharts ninja all with esignal data.

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  #106 (permalink)
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bluemele View Post
This may be a stupid question, but is a "5 point" chart the same as a "5 range" chart?

I haven't seen a point chart and not quite getting it. I know esignal is a bit different but just curious.

according to charts, which presents Jinhar I would agree with you, that it is 5 range bar chart . I guess, that Sierra chart has also different rangebar settings, but I am not sure about a scaler.

R.

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  #107 (permalink)
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Hey Jinhar, great read. Can I ask what criteria you have for your signal bar? Are you just looking for it be moving away from the MA and enter on the close?

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  #108 (permalink)
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Criteria for setups bar are as follow,

B setup:- Close below the ma on the higher timeframe
A setup:- Pullback towards the ma on the smaller timeframe.. then u can enter with different methods Fib indicators whatever u like i enter with the pa alone but that's just me
C setup:- this is the breakout trade in the direction of the trend so that's your setup
D setup:- This is mainly on double tops bottoms or Lower highs higher bottoms ..
Again this are just setup bar criteria you will need to go over setup rules to understand this .. Thanks

Happy trading hope it helps.

Best Regards
Jinhar

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  #109 (permalink)
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jinhar View Post
Criteria for setups bar are as follow,

B setup:- Close below the ma on the higher timeframe
A setup:- Pullback towards the ma on the smaller timeframe.. then u can enter with different methods Fib indicators whatever u like i enter with the pa alone but that's just me
C setup:- this is the breakout trade in the direction of the trend so that's your setup
D setup:- This is mainly on double tops bottoms or Lower highs higher bottoms ..
Again this are just setup bar criteria you will need to go over setup rules to understand this .. Thanks

Happy trading hope it helps.

Best Regards
Jinhar


Sorry everyone for asking stupid question. In your B set up u are talking close under MA for the short. For the long I would say the say set up would work if we are close above MA.
Now in my trading I use 2 MA's 20 and 50MA.
I trade in direction of MA's. when price is above MA's long under short.
I still having some issue when price in between MA's in that case I trade it as range, or just stay out.
Do you have any suggestions? BTW in my trading I use 3,12,24 min and 1 min to trigger entry.

Thank you for great posts.

Gregory

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  #110 (permalink)
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tickvix View Post
Sorry everyone for asking stupid question. In your B set up u are talking close under MA for the short. For the long I would say the say set up would work if we are close above MA.
Now in my trading I use 2 MA's 20 and 50MA.
I trade in direction of MA's. when price is above MA's long under short.
I still having some issue when price in between MA's in that case I trade it as range, or just stay out.
Do you have any suggestions? BTW in my trading I use 3,12,24 min and 1 min to trigger entry.

Thank you for great posts.

Gregory

Yes for longs close above ma on the higher timeframe. When you think market is in range use price action what is the market doing ? because even if its in range it will make Higher highs or lower lows ... Determine the price action and take trades in that direction as market tends to breakout with the pa. Staying out is a great option there are many trend setups in a day so you dont need to take trades when market is in range for study you can try wad i suggested. 3 12 24 timeframe sounds good Have fun trading .. let me know if i can help in any other way. Thanks for reading Happy trading

Best Regards
Jinhar

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  #111 (permalink)
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Got a nice A setup for short on the euro ..

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  #112 (permalink)
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Price was in opposite direction with the trend then gave a pop up and came back in sync waited for price to retrace to give A setup got in and got done in 50 mins ..

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  #113 (permalink)
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Only one setup today for the day A setup for short that too at the closing mins .. there was one Failed A setup for long before 9 am est.. hope you all had a nice trading day ..

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  #114 (permalink)
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jinhar View Post
Only one setup today for the day A setup for short that too at the closing mins .. there was one Failed A setup for long before 9 am est.. hope you all had a nice trading day ..

Where his the short setup on the 15 point chart?
I think maybe it would be good if you mark up both charts, and maybe how and where you take the exit?

Take your Pips, go out and Live.
Luke.
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  #115 (permalink)
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LukeGeniol View Post
Where his the short setup on the 15 point chart?
I think maybe it would be good if you mark up both charts, and maybe how and where you take the exit?

My crosshair is synced on both charts so its marked .. My exit is generally 15-20 ticks most of the time 20 ticks i dont mark my exits because its all personal preference some like it at 10 some at 30 i do at 15-20 if there is a reason for exit other then that i will specify .. !!! hope it helps .. and review charts are not my live trade just potential setups in the us session live trade was the long trade from today ...

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  #116 (permalink)
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Sweet A setup for short took one hour to deliver the daily target but it did .

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  #117 (permalink)
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i was a bit late on this one but it was a good trade

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  #118 (permalink)
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redegenerated View Post
i was a bit late on this one but it was a good trade

Excellent .. Hope you have a great trading day ..

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  #119 (permalink)
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There were no trades in the 1st hour of the trading session .. So no charts .. There was a trend change later on and nice a setups long .. Hope you all had a great trading session .

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  #120 (permalink)
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Hi Jinhar, thank you so much for the breakdown of your trend following system. I have been trying to develop a trend following system for a few months now but was missing a few key points and was glad to see you broke it down into what you do in the real world. I am still trying to get a handle on risk/money management and have taken a few large losses in CL mostly with a few tiny gains in everything else.

It's also too easy for me to get involved into indicators and programming them which is enjoyable and challenging but not helping my trading.

Using my interpretation of what you explained I entered an "A Setup trade" today as indicated by the screenshots with my actions during the trade. Do you have any tips/advice? I am using a 2 and 6 range chart to keep it small and 34 period ema (Note the times are local PST).

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  #121 (permalink)
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JVentura View Post
Hi Jinjar, thank you so much for the breakdown of your trend following system. I have been trying to develop a trend following system for a few months now but was missing a few key points and was glad to see you broke it down into what you do in the real world. I am still trying to get a handle on risk/money management and have taken a few large losses in CL mostly with a few tiny gains in everything else.

It's also too easy for me to get involved into indicators and programming them which is enjoyable and challenging but not helping my trading.

Using my interpretation of what you explained I entered an "A Setup trade" today as indicated by the screenshots with my actions during the trade. Do you have any tips/advice? I am using a 2 and 6 range chart to keep it small and 34 period ema.

If you show me a winner like that the only thing i can tell is it was an excellent trade .. show me your losers from cl so i can comment more in this trade there is nothing i can add .. one thing that might help you is try to get in nearer to the higher ma .. So i mean to say is get in A setups after the trend is set this trade was lil far but again it was a great a setup .. As i said looking at this trade its perfect your stop placement everything . Hope it helps.

Best Regards
Jinhar

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  #122 (permalink)
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Here is a review from todays us session potential setups.

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  #123 (permalink)
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jinhar
Again, thank you for your thread. I have been using it on sim for a couple of weeks and did some real money trades earlier this week. The sim results were good; the real ones not so much. I went back over your thread today and I think I am seeing my mistakes.
1. You use a 20 tick target and stop on most trades I think. I have been using smaller ones, and several times the stop was hit and then price went with the trend. I think I need to widen both my stop and target.
2. You seem to enter closer to the moving average than I have been doing. I have been putting my entry at least one full bar above the moving average trying to make sure the trend was resuming.
3. I have been taking "A" setups beyond the first and second time price touched the moving average on the smaller time frame; I need to let those go.
4. I did 7 or 8 trades each day Monday thru Wed. I have been overtrading. One trade a day for 10-20 ticks will meet my goal.

If you could, please speak a little more about how you determine your entry point. I want to fine tune my entries to get in closer to the moving average and would like to know a bit more about how you do it.

Thanks
Papa15

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  #124 (permalink)
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papa15 View Post
jinhar
Again, thank you for your thread. I have been using it on sim for a couple of weeks and did some real money trades earlier this week. The sim results were good; the real ones not so much. I went back over your thread today and I think I am seeing my mistakes.
1. You use a 20 tick target and stop on most trades I think. I have been using smaller ones, and several times the stop was hit and then price went with the trend. I think I need to widen both my stop and target.
2. You seem to enter closer to the moving average than I have been doing. I have been putting my entry at least one full bar above the moving average trying to make sure the trend was resuming.
3. I have been taking "A" setups beyond the first and second time price touched the moving average on the smaller time frame; I need to let those go.
4. I did 7 or 8 trades each day Monday thru Wed. I have been overtrading. One trade a day for 10-20 ticks will meet my goal.

If you could, please speak a little more about how you determine your entry point. I want to fine tune my entries to get in closer to the moving average and would like to know a bit more about how you do it.

Thanks
Papa15


Will do it by later today need to get some examples i guess because writing it down did not make any sense to me as it was too confusing .. will show it to u on charts later .. Thanks

Best Regards
Jinhar

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  #125 (permalink)
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Hi bud. Was a good steady week. I need to continue to work on holding trades longer. Here are my trades for the week. Took a, b and d trades.

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  #126 (permalink)
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adrian View Post
Hi bud. Was a good steady week. I need to continue to work on holding trades longer. Here are my trades for the week. Took a, b and d trades.

Concentrate more on A setups and D . Ur b trades are perfect but now challenge urself / A will give u less heat then the b you just need to wait a lil more and regarding D only you can judge .. you chickened out on D today which worked for 60 ticks . Same yesterday it went around 30+ ticks .. Work on that bud .. Thanks for posting.

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Jinhar, I had a good day and successfully traded CL today thanks to your guidance, four trades. I started with a simple A setup that was a small profit of 6 pts; I mistook a B setup for an A and took a 15pt loss, not sure if I jumped the gun on it or it was a executed correctly but was just wrong if I can get your input. Took a small break and got up from computer, sat back down and trend change was confirmed and saw Another A setup and took it for 26pts, followed by another A setup for 22pts. Rather than a trailing stop which would have been more profitable I opted to take a limit at a price target and decided to stop for the day not wanting to be greedy or get whipped.

Thanks again and I can't wait for your next series of lessons.
James

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  #128 (permalink)
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JVentura View Post
Jinhar, I had a good day and successfully traded CL today thanks to your guidance, four trades. I started with a simple A setup that was a small profit of 6 pts; I mistook a B setup for an A and took a 15pt loss, not sure if I jumped the gun on it or it was a executed correctly but was just wrong if I can get your input. Took a small break and got up from computer, sat back down and trend change was confirmed and saw Another A setup and took it for 26pts, followed by another A setup for 22pts. Rather than a trailing stop which would have been more profitable I opted to take a limit at a price target and decided to stop for the day not wanting to be greedy or get whipped.

Thanks again and I can't wait for your next series of lessons.
James

Apart from your 2nd long all trades were excellent Entry's and management wise .. On your second trade your smaller time frame Pa was against the long that's y it did not worked. Hope it helps thanks for posting your trades

Best Regards
Jinhar

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My daily target is 20 ticks for most of the days and i like to get in one trade and get done most of the time thats what happens .. My stops and money management for most parts are the reason i can do that i keep my daily stop limit at 30 ticks now 30 ticks for the day i do not take a single trade with 20-30 tick stop loss on any single trade i like my stop to be around 10-12 ticks or sometimes 15 but not more then that i like to have options available if that trade does not work .. not this works for me because i am to select my trades very careful i only trade 1st and 2nd A setups and D setups nothing else and so the probability of hitting my daily targets is very very high now Regarding stop loss and my entries my stop loss is always previous swing lows so i look for a setup which are within 15 ticks of the prev swing low or high so for example if i get an A setup and prev swing low or high is 10 ticks away i hit the trade if its greater then that i just pass it on and wait for better A setup thats how i chose my entries .. There are few other entries also but for that i will need to start writing on fibs and support resistance .. Thats for a later date ... for now please work on this i will cover that after i complete day trading example in coming weeks .. i have attached a chart for better example.

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  #130 (permalink)
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believe or not, I am now primarily looking for signals on RB6, not Rb3 . And it is more powerful, so I hope, that once I will be able to pick up 1,2 trades per day for my daily goal. Thanks for your thread, I hope you will continue, it is really helping me to find my path in trading.

best regards

R.

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  #131 (permalink)
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Hi Jinhar,
Thank you for putting together this great thread!
Your methods and wisdom are duly noted!!!!!!!!!!!
I am certainly going to rethink the way I have been trying to trade and adopt an easier method!
Look forward to more and will try to contribute as well.

Thanks again,
gever17

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  #132 (permalink)
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So you practiced a lot on sim and think you are ready to trade live like you did on sim ? think again...

Trading live and trading on sim are completely different stuff .. Trading sim is like playing boxing on a video game while trading live is live boxing when u get hit in live you will feel the pain ... So how to shift from sim to live ? well 1st thing you will need to do is start trading at the least amount of tick value and get the feel of live market get the feel of your emotions 1st .. note i say emotions because well in live markets thats the most important .. trading live is not mastering your system but mastering your emotions if you want to make money learn your emotions and you will make money .. So if you are thinking to go live 1st trade of small and get a feel for markets for 2 weeks see how your emotions react see if you can hit your daily target see how well you take losses once you do that and feel confident move ahead and trade higher leverage .. remember this ain't sim where you wont feel any pain here it hurts and better be safe...

Thanks

Best Regards
Jinhar

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  #133 (permalink)
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jinhar View Post
So you practiced a lot on sim and think you are ready to trade live like you did on sim ? think again...

Trading live and trading on sim are completely different stuff .. Trading sim is like playing boxing on a video game while trading live is live boxing when u get hit in live you will feel the pain ... So how to shift from sim to live ? well 1st thing you will need to do is start trading at the least amount of tick value and get the feel of live market get the feel of your emotions 1st .. note i say emotions because well in live markets thats the most important .. trading live is not mastering your system but mastering your emotions if you want to make money learn your emotions and you will make money .. So if you are thinking to go live 1st trade of small and get a feel for markets for 2 weeks see how your emotions react see if you can hit your daily target see how well you take losses once you do that and feel confident move ahead and trade higher leverage .. remember this ain't sim where you wont feel any pain here it hurts and better be safe...

Thanks

Best Regards
Jinhar


True.... Emotions are my #1 enemy....


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  #134 (permalink)
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What happened to this thread?

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  #135 (permalink)
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What happened to this thread?

I was wondering the same thing.

Rick

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  #136 (permalink)
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I miss it too!

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  #137 (permalink)
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Maybe someone who has picked up the his method would like to start a new journal?

I have studied what he shows a lot doing currencies, but could never make huge profits or consistency. I do believe it is probably the simplest form of trading profitably though.

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  #138 (permalink)
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Sorry for being away for so long but certain things are not in my hand .. my dental surgery is taking a lot of time then i originally expected and lots of other stuff blocking my time ... i will start posting soon hopefully hope you all had and will continue to have great trading session .. Cya all soon

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  #139 (permalink)
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Hi everyone,

great discussion, i am new to the forum

i am looking for additional strategies to add to to my PAIR OPTIONS stock trading.

many strategies go well with pair options trading.

i will see what i can find here.

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  #140 (permalink)
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Okay Back again ... Wanted too take things slowly so traded euro and traded back on tick charts . Took two A setups 1st long which ended in be as price dint went up till my target area so took that out at Breakeven . 2nd was a setup towards short and that worked like a charm for +20 ticks .. Hope you all are having some nice trading sessions.


Best Regards
Jinhar

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  #141 (permalink)
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just caught up with your thread ... nicely done, indeed. thanks for taking the time to share.

cheers,
-e

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  #142 (permalink)
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Superdoug3 View Post
with your Setup A and D, is this what is called a consolidation strategy ?

No clues about that .. Sorry.

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  #143 (permalink)
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Did not trade yesterday due to dental appointment. Today took an A setup short at 86 area for 20 ticks and was done. Still trading on tick charts. Hope you all are having some nice trades.

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  #144 (permalink)
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Hello J,
u hv done ths Thread very nicely, made it easy to understand by explaining step by step. Thnx for it..will try to come up with Nifty Future examples.

Regards,
Mercury

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  #145 (permalink)
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Mercury View Post
Hello J,
u hv done ths Thread very nicely, made it easy to understand by explaining step by step. Thnx for it..will try to come up with Nifty Future examples.

Regards,
Mercury

Excellent , Will love your feedback on how it works with indian nifty.

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Hi;
Very nice work. Easy to read as well.Thank you so much for the useful info and your time spent.
Best Regards
Buddy

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  #147 (permalink)
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So now that you have a system designed , you done all kind of testing with it and it gives you amazing result , so does that mean you found the holy grail or you are now master in the art of trading ? Think again. i hardly think so ... to have a system that works and produces result is not the holy grail its far from it .. system its just 10% of your success the rest 90% depends on your mental strength how you visualize trading and how you define every little aspect of it for your self , how well you understand the method .. So What the hell i am talking about out here ? Well i am talking about this .. after you think you are ready with your system start defining the following or better start visualizing the following,

What do you want out of trading at the end of 12 months ?
Why do you want to become a trader ?
How are you gonna complete your goal at the end of 12 month ?
What will be your daily Targets ?
What will be your daily stop loss?
What will be your stop loss per trade?
What kind of trader you want to become ?
How many hours a day you want to trade?
What will be your daily trading hours ?
At what point in the day you will quit if you have string of losers ? same with week and month ?

you can add more to the above list if you like but you need to visualize this each and every day before you start trading without failing ... that will help you a lot daily as it will always keep you in check of your trading will help you follow your plan will remind you y you wanted to become a trader in 1st place .. and that my friends is how you come about to become a master trader .. Master trader does not mean having a perfect system ... Master trader means a trader who knows his trading who can trade his way out of all kind of different situation and at the end of the day still have a smile on his face rather then anger who can enjoy most of his day with his family instead of sitting in front of the comp for most of the time and trying to crack the code of making the holy grail in trading ... Master trader at the end of the day is the trader who is happy with it his trading no matter what and has all the single detailed defined visualize and is disciplined enough to follow it daily .. I hope you follow the above steps and bring about the necessary change in your trading ... All the best to you all ..

Best regards
Jinhar

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  #148 (permalink)
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Continuation from the above post .. Without knowing the answers to the above basic questions your trading is of no point as its same as Going out of the home with your keys and driving around in your car without knowing the destination same with trading if you dont know where you want to be at the end of the 12 months with your trading or what your daily goal is ? stops is etc it's not worth trading. As some point or the other you will be lost and thats when you start making mistake as you start challenging your self for fun or do something else and then start hurting your account. For example when i started out i dint knew the above so after working out the Trend method system which you all know by know from this thread i started trading live after 2 weeks of success i got bored as i dint knew where i want to go and what was enuff so in my boredom i started challenging my self to go for larger daily targets and what that end out to be was not at all pretty at the end of few weeks i was down a lot and completely exhausted as that turned out for me to be trading lot more then i can handle and i made huge losses on daily basis and once you do that you dont know when to stop because in your mind you will only remember the challenge to make more ticks and not the goal of y you are trading ? This is just a single example from what happened with me ... you might have exp something different . So Stop for a day and start visualizing the above questions and add if you like to it but before trading each day you should know why you want to become a trader ? and where you are headed with your trading account each and every day before sitting on the comp to trade .. Remind yourself of that and your mind will be ready for anything the market does as you will be prepared.

Thanks

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  #149 (permalink)
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Hope you dont mind


here is a great start for a great thread.




sharmas

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  #150 (permalink)
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I am very new to this site, but this thread took my attention. I would like to add to Jinhar's post about the system, everything that he mentioned and more is actually and must be part of any system. Setups and exits are just a component in the trading framework. And i would like to say that to master the trading one must learn to adaptive, and for me the most important was change in attitude that my trading day starts with i will take what market gives me, rather than i must make x pips today or x $$. This shift has enabled me to see markets clearer. I guess for me there are always two pre-conditions, i must be ready to trade and market must be tradeable as well.

Great thread and thank you for the effort

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  #151 (permalink)
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Hi Jinhar,
Nice thread about the trend trading & I appreciate you taking your time sharing your experience with others. I am testing a similar trend trading system with decent entries but I am not sure what to do about exits. My trades last little longer than a daytrade. Lets say my trades can last few hours to a day and many times I exit too early and PA keeps on marching the in the direction of the initial entry, other times trades go into my favor for decent profit but then reverse and become a loser.

There are many strategies to manage a trade, like pyramiding (or scaling-in), trailing stop loss, scaling-out gradually, exit on signal generated by an indicator etc. In your experience what seems to be the best strategy to manage a winning trade? I'd appreciate any hints or tips.
Thanks.

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  #152 (permalink)
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raindrop View Post
Hi Jinhar,
Nice thread about the trend trading & I appreciate you taking your time sharing your experience with others. I am testing a similar trend trading system with decent entries but I am not sure what to do about exits. My trades last little longer than a daytrade. Lets say my trades can last few hours to a day and many times I exit too early and PA keeps on marching the in the direction of the initial entry, other times trades go into my favor for decent profit but then reverse and become a loser.

There are many strategies to manage a trade, like pyramiding (or scaling-in), trailing stop loss, scaling-out gradually, exit on signal generated by an indicator etc. In your experience what seems to be the best strategy to manage a winning trade? I'd appreciate any hints or tips.
Thanks.

Exits are like deciding what kind of pasta one like's ... its completely dependent on the trader.... for your case i will assume you are a day trader and not a scalper as you said it last for few hours to a day .. So in such situations u have different options .. basic one is Risk/reward wad u can do is take out half at 1:1 and another half at 2:1 or greater..
other option which is use of fibs, ma, pivots or mp whatever u like take out portions at different levels u have on ur chart ... the third option which is common is take it out at fix numbers like 40ticks or wadeva is your daily goal...
but for day trading in ur case i would suggest go with risk reward that will force you to think which kind of trade you want to take and will filter out trades with lower risk reward. u can use fibs pivots or price structure to determine ur exit well in advance before u enter ur trade for example if u are using fib extension when u enter ur trade you already know that u will exit half at 61% extension and 2nd at 100% .. and as this all varies per price action u will be able to make a well informed decision if the trade is worth taking if ur targets are small then u shd pass on the trade . remember there is no need to take each and every signal .. only take trades that make sense . the best option for you to decide what will work is go to your charts and back test different methods say for last 1-2 months and see which exit makes sense and is too your taste... Hope this helps.. Please post some chart example that will make it easier to help you out more . Thanks hope you are having a nice day...

Best Regards
Jinhar

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  #153 (permalink)
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Hi Jinhar,

Just wanted to convey a heartfelt and simple 'Thank You' for your effective but simple method. Your explanations in how to manage multiple time frames, using price action as the trading basis and then added stuff (presume largely from your own experience) related to money mangement, trader's mindset, etc. are all things that not only a beginner needs but also the ones who have gone the circle from simple to complex and then back to simple :-)

Wonderful thread - I wish newbies read it, put it to practise, believe in the KISS principle and not spend the $$'s on the bright lights and magical indicators (put the money in the trading a/c instead). Sincerely appreciate you taking the time and effort to share.

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  #154 (permalink)
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Thank you all for your kind comments .. I will keep on posting whenever i find something interesting to share .. all the setups are there .. and they are still the same and works well .. Day in day out .. anyone want to share there setups from the day please do .. Those who have question's regarding trading the trend or with setups please post i will try to answer best to my abilities.. .!!! Hope you all are having some fine trading session's .. This are some lovely times to day trade.


Best Regards
Jinhar

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  #155 (permalink)
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If any trader is facing difficulties in finding the base in trading and would like to work one on one on it .. let me know .. i will only be able to work with max 1-5 traders not more then that .. And yes it wont cost you a buck apart from ur dedication .. !!! Let me know if any one interested .. .. hope you all are having a great trading month..

Best Regards
Jinhar

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  #156 (permalink)
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With base i meant daily Target .. !!!!

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  #157 (permalink)
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jinhar View Post
If any trader is facing difficulties in finding the base in trading and would like to work one on one on it .. let me know .. i will only be able to work with max 1-5 traders not more then that .. And yes it wont cost you a buck apart from ur dedication .. !!! Let me know if any one interested .. .. hope you all are having a great trading month..

Best Regards
Jinhar

What a class act you are! Thanks for all the information in this thread, and your selfless efforts! I am yet to start trading with real cash, and still working through techniques using historical data, but I have read this thread through and through with great interest. I'm using 5r and 15r charts on CL (just data from the first 6 months of the year at the moment) with an 55 period EMA, and by just eyeballing the charts have found your simple methods seem to work really well. I'm interested in exploring some of the cases where A trades (ones from my understanding I think are A entry points) don't go so well to further refine my understanding. If you are ok with it, as soon as I get to that point (probably take me a week or so to get some examples together) I would like to take you up on your offer and post my examples for discussion.

Thanks again!

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  #158 (permalink)
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jinhar View Post
If any trader is facing difficulties in finding the base in trading and would like to work one on one on it .. let me know .. i will only be able to work with max 1-5 traders not more then that .. And yes it wont cost you a buck apart from ur dedication .. !!! Let me know if any one interested .. .. hope you all are having a great trading month..

Best Regards
Jinhar

Just an idea for your method, it would be easier if you could make a video of your setups maybe by using a free service like anymeeting . Just an idea. Happy continuation.

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  #159 (permalink)
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@jinhar, would you consider presenting a webinar for futures.io (formerly BMT) members?

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  #160 (permalink)
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Big Mike View Post
@jinhar, would you consider presenting a webinar for futures.io (formerly BMT) members?

Mike

@Big Mike i wont ever say no to you so yes would love to do a webinar for the futures.io (formerly BMT) ... Just i have my doubts on what would i say :P...

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trendisyourfriend View Post
Just an idea for your method, it would be easier if you could make a video of your setups maybe by using a free service like anymeeting . Just an idea. Happy continuation.

Over few years i have understand that working with an individual trader will help him much more then posting it just on web... may be later on .. but for now i would like to work one on one for some time because that way i can know how much a trader is progressing from where he began .. Thanks for the suggestion will implement it once i start making some progress with few traders.. Have some great fun trading

Best Regards
Jinhar

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  #162 (permalink)
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What a class act you are! Thanks for all the information in this thread, and your selfless efforts! I am yet to start trading with real cash, and still working through techniques using historical data, but I have read this thread through and through with great interest. I'm using 5r and 15r charts on CL (just data from the first 6 months of the year at the moment) with an 55 period EMA, and by just eyeballing the charts have found your simple methods seem to work really well. I'm interested in exploring some of the cases where A trades (ones from my understanding I think are A entry points) don't go so well to further refine my understanding. If you are ok with it, as soon as I get to that point (probably take me a week or so to get some examples together) I would like to take you up on your offer and post my examples for discussion.

Thanks again!

I would love to work with you .. if you have skype my id is jinay.k buzz me there and we can discuss it further. ... Thanks for the kind comments.. Happy trading ..

Best Regards
Jinhar

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jinhar View Post
@ Big Mike i wont ever say no to you so yes would love to do a webinar for the futures.io (formerly BMT) ... Just i have my doubts on what would i say :P...

You already have the outline from this thread and some question from members so I think that should be enough to get started

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You already have the outline from this thread and some question from members so I think that should be enough to get started

hehe yes i do have that ..

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  #165 (permalink)
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I'll send you a PM. But basically you would just start with the basics, list of indicators, settings, then use this thread as your guide on where to go with the presentation. A set of rules or principals, guidelines, etc - as well as look over the thread for a list of commonly asked questions, address those in the webinar, etc.

Last would just to be able to answer questions people ask in the webinar where possible so they can get instant feedback on what they are seeing on a chart you are showing on your screen.

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I'll send you a PM. But basically you would just start with the basics, list of indicators, settings, then use this thread as your guide on where to go with the presentation. A set of rules or principals, guidelines, etc - as well as look over the thread for a list of commonly asked questions, address those in the webinar, etc.

Last would just to be able to answer questions people ask in the webinar where possible so they can get instant feedback on what they are seeing on a chart you are showing on your screen.

Mike

Excellent that will work .. Thanks

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Okay ,

There seems to be a lil confusion . when i said working one on one with me .. i never asked any one to trade my setups .. my aim on working one on one is to make sure u get to a level were u can make ur daily targets .. so if that means working on setups which u have that's fine .. Trading is not about what setups u trade .. but how u trade them please understand that .. So if u want to work on ur setup that's fine if u want to work with me on the trend setups which i have defined that's fine . its ur choice really.. Hope this clears lil bit of confusion .. have a great .. day..

Best Regards
Jinhar

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jinhar View Post
Criteria for setups bar are as follow,

B setup:- Close below the ma on the higher timeframe
A setup:- Pullback towards the ma on the smaller timeframe.. then u can enter with different methods Fib indicators whatever u like i enter with the pa alone but that's just me
C setup:- this is the breakout trade in the direction of the trend so that's your setup
D setup:- This is mainly on double tops bottoms or Lower highs higher bottoms ..
Again this are just setup bar criteria you will need to go over setup rules to understand this .. Thanks

Happy trading hope it helps.

Best Regards
Jinhar

Where can I find the Trade Set Rules
Thanks
Zeetrader11

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Where can I find the Trade Set Rules
Thanks
Zeetrader11

Start on the 1st page.. you should find it there.

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Hi Jinhar,
thanks for making the thread , i found it very helpfull . As i am only starting to learn about pa can you clarify one or 2 points for me.

in one of your previous threads you wanted the pa to get back in synch with the trend , i presume by in sync you mean HH and HL on an uptrend? and is that only on the higher timeframe or both timeframes.

in your B setup ,is it still a Valid B setup when it crosses below the ma if price is on an uptrend with HH and HL , or do you need to see a change in the pa first , a LH and then a dip below the ma

regards

Steve

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Hi Jinhar,
thanks for making the thread , i found it very helpfull . As i am only starting to learn about pa can you clarify one or 2 points for me.

in one of your previous threads you wanted the pa to get back in synch with the trend , i presume by in sync you mean HH and HL on an uptrend? and is that only on the higher timeframe or both timeframes.

in your B setup ,is it still a Valid B setup when it crosses below the ma if price is on an uptrend with HH and HL , or do you need to see a change in the pa first , a LH and then a dip below the ma

regards

Steve

Hello Steve,

Sorry for late reply...
When i say pa to get in sync i meant pa on the smaller timeframe to get in sync with the trend on the higher timeframe ... you look at the pa only on ur entry chart..

B setup is price crossing the Higher ma .. When trend shifts .. then your pa will automatically be in sync with the B setup you don't have to worry about that .. Only if market is in chop mode and its just dancing up and down near the ma on the higher timeframe you look at the pa on the smaller timeframe to make sense of it .. other then that it should be easy.. Hope this helps.. Happy trading..

-Jinhar

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jinhar,when waiting for the price action(ON THE HIGHER TIME FRAME)to cross the ma do you need to wait for a pullback to the ma then a continuation before checking to see if the smaller time frame is in sync?thanks

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jinhar,when waiting for the price action(ON THE HIGHER TIME FRAME)to cross the ma do you need to wait for a pullback to the ma then a continuation before checking to see if the smaller time frame is in sync?thanks

When the price crosses the ma on the higher timeframe for the 1st time it will always be in sync on the smaller this is for the 1st time cross on the higher.. u just need to wait for a pullback on smaller and get in .. Hope that helps.

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Jinhar,

I just want to add my appreciation for taking the time to create this thread.
I am looking forward for more educational posts, or even your webinar.

With respect...

Colin
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  #175 (permalink)
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This is excellent description of a simple trend following system. Keep it simple, use proper money man agreement and this will work. Great work jinhar

Loren

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  #176 (permalink)
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All so true, But with money management mind control is also that much important .. if u don't have that in check it will create havoc for you... because mind is your biggest and worst enemy in trading .. if it goes against you then you are in for a roughest ride of your life .. then it doesn't matter what method you are using or how good you were in the past .. mind control means lots a stuff not just one it means when to quit when u are ahead when to quit when you are losing money management always keeping your risk in check etc . remember no one is forcing you to do anything in trading its you who walked into it .. so always make sure you are prepared as well as you can and mind control comes right at top .. Hope it helps.


Best Regards
Jinhar

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jinhar, I read through the thread and wanted to say thank you very much for the time you put in on this

Does anyone know if this system is still being traded?

Thanks

Bill

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jinhar, I read through the thread and wanted to say thank you very much for the time you put in on this

Does anyone know if this system is still being traded?

Thanks

Bill

Dont know abt others but i trade it day in day out and know few other traders who do .. Hope that helps.

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Thank you for the help

I charted a 3, 6 and 12 range bar with 55ema

Interesting what you pointed out w/ pa being same on all three charts (for you it's two)

I've also coupled this w/ a system created by David Halsey at eminiaddict.com, seems to be working well - at least has opened up new venues/ avenues etc

So if you want to keep posting I'll be glad to read/ contribute (don't want to cloud your thread though)

Thanks

Bill

EDIT

I trade the 6e

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Thank you for the help

I charted a 3, 6 and 12 range bar with 55ema

Interesting what you pointed out w/ pa being same on all three charts (for you it's two)

I've also coupled this w/ a system created by David Halsey at eminiaddict.com, seems to be working well - at least has opened up new venues/ avenues etc

So if you want to keep posting I'll be glad to read/ contribute (don't want to cloud your thread though)

Thanks

Bill

EDIT

I trade the 6e


I post when needed or something new comes up ... but for now i have already shared what i can think off . you can post here if u like and continue Thanks hope it works out well for ya

Jinhar

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jinhar, what is your best guestimate of the winning percentage of your a setup thanks paul

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Jinhar,

Very nice thread. Have you changed your system much over the past year? I am in my early 60's and have been at this for a while. You have stated some quality of life aspects of trading that I am sure most newbies have not considered. There is more to life than trading in front of a computer all day.

Don

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bmwhendrix View Post
Jinhar,

Very nice thread. Have you changed your system much over the past year? I am in my early 60's and have been at this for a while. You have stated some quality of life aspects of trading that I am sure most newbies have not considered. There is more to life than trading in front of a computer all day.

Don

Glad that you like the thread.. in terms of trend i haven't changed anything .. its still the same .. i have reduced my setups even further down to just A setup .. i like to just trade for few mins a day and get done for the day simple as that. Quality of life is very imp because if you want trading to be part of your life for a longer period .. you need to have life outside it .. sitting in front of your pc and looking at 10-20 different setups and always looking to crack the markets secret code not going to help you to become a better trader in fact it does opposite of it.. simple setup simple goals thats all you need .. Thanks for reading the thread..

Best Regards
Jinhar

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jinhar,

how about few more examples of your A setup?

thanks,
tihfa

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tihfa View Post
jinhar,

how about few more examples of your A setup?

thanks,
tihfa

Just search this thread and you will get tons of example... A setups are same as before .. will post few examples in coming weeks. Thanks.

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Hi Jinhar,

Here in Florida we are awaiting hurricane Issac to hit. I am a bit curious about life in India. On days that you trade just a bit in the mornings, how does on spend their time over there. I have a method similar to your that I trade. If you don't mind I will post a couple of days just for comparisions.

Don

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Hi Jinhar,

Here in Florida we are awaiting hurricane Issac to hit. I am a bit curious about life in India. On days that you trade just a bit in the mornings, how does on spend their time over there. I have a method similar to your that I trade. If you don't mind I will post a couple of days just for comparisions.

Don

Please do post your trades as much as you like ...

Life here is simple .. trading is mostly during 6 in the evening .. so most of the days its just free to do what i please .. mostly that's just relaxing cooking helping dad with his business .. Cooking takes most of my time .... for me my life is simple my work hours are very less as i just don't like to work much .. and that's trading .. so i try to do as much stuff other then that .. Us tv shows , books , movies .. nothing other then that ... its fun because u have to always try to find something or else time just moves to slow ..

Thanks and regards
Jinhar

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Excellent trades.. just your 3rd trade entry was just too rich for me .. no ideas abt nq but in general when trend is set like in this case breakouts are not needed to confirm the trend or to enter... here you had pa with you trend with you .. thats more then enuff .. yes if pa was against you then you need to wait for the breakout but other then that breakout here for me is just too rich . just my one cent ..
btw love the simplicity of your charts.. great trading again.. thanks for posting . please do keep on posting..


Best Regards
Jinhar

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jinhar, what is your best guestimate of the winning percentage of your a setup thanks paul



Paul depends on instrument and time frame you use ..i have seen it go as low as 40% to high as 70%.. right now i am trading in 50% range .. but targets are always 3-4 times of stops .. so in the end its not a problem .. to find the percentage you will need to back test the instrument your trading on .. I recommend highly that you do your own back test on at least 6 months of data that will help you to get familiarize with your setup with targets with stops and also guide you what percentage you can expect .. Hope this helps....

Extremely sorry for late reply it just slipped my mind .. hope it helps ... Best of luck in your trading.


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Jinhar

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10 mins trading for today .. done 2 entries one loss one win for 40 ticks. cant get better. Thanks for reading and best of luck with your trading.

Best Regards
Jinhar

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jinhar View Post
10 mins trading for today .. done 2 entries one loss one win for 40 ticks. cant get better. Thanks for reading and best of luck with your trading.

Best Regards
Jinhar

Hello @jinhar,

Glad to see you posting again. I have a question ........if a 597 tick chart and a 144 tick chart for the CL fits my trading personality, what would you suggest the tick chart settings be for the 6E, ES and TF?

Thank you for reading my question,

Rick

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trs3042 View Post
Hello @jinhar,

Glad to see you posting again. I have a question ........if a 597 tick chart and a 144 tick chart for the CL fits my trading personality, what would you suggest the tick chart settings be for the 6E, ES and TF?

Thank you for reading my question,

Rick

@jinhar,

... and what MA do you have on your chart ?

Lolu

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Hello @jinhar,

Glad to see you posting again. I have a question ........if a 597 tick chart and a 144 tick chart for the CL fits my trading personality, what would you suggest the tick chart settings be for the 6E, ES and TF?

Thank you for reading my question,

Rick

Its more about targets .. i have those time frames because the move on those combination gives me enough for my target .. for example here it gives me enough to cover my losses and make my daily goal in one or 2 max trades .. that's what i am looking for every day one or two winners.. so to answer your questions .. tf will be same if you are targeting big swing smaller swings 89 tick with 377 will do .. on 6e you will need to increase it to 377-1500 to get similar moments to tf .. for es you will need to back testing because i don't trade it much whenever i do i trade of 377-1500 combo .. but that was a while back i haven't tested it in recent months. Hope this helps

lolu View Post
@jinhar,

... and what MA do you have on your chart ?

Lolu

It's a 55 Ema.

Thank you all for reading .. and good luck with your trading..

Best Regards
Jinhar

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  #195 (permalink)
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Beautiful A setup .. Done .. Best of luck for your trading.. thanks for reading..

Best regards
Jinhar

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  #196 (permalink)
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I too would like to offer my sincere thanks for what you're sharing here.

Like some others, I have recognized the power of the trend but struggled to develop a consistent approach for taking advantage of it. What you have outlined seems to fit nicely with my current mentality (1 or 2 trades per day) and the Fib measurements that I've used for quite some time.

I have a couple of questions, so I'll share the charts of my live sim trading for today with the questions directly on the charts.

Thanks for any answers and additional insights you may have.

-AT



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  #197 (permalink)
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Hello,

I am glad this thread is helpful to you .. Regarding price action on smaller tf it all depends on your rules you need to repeat them again and again in this case you did that so that's perfect .. the way to enter the short is at the break of that 2nd swing on breakout .. your stops will be higher but that's the only way you are going to catch the initial fall .. other way is to wait for retracement to go short .. i would wait for the later .. best way to figure out is to do a backtest on both the setups and see which one is better suited for your timeframe .. hope this helps.

Best Regards
Jeenay


AttitudeTrader View Post
I too would like to offer my sincere thanks for what you're sharing here.

Like some others, I have recognized the power of the trend but struggled to develop a consistent approach for taking advantage of it. What you have outlined seems to fit nicely with my current mentality (1 or 2 trades per day) and the Fib measurements that I've used for quite some time.

I have a couple of questions, so I'll share the charts of my live sim trading for today with the questions directly on the charts.

Thanks for any answers and additional insights you may have.

-AT




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  #198 (permalink)
mumbai maharashtra/india
 
Experience: Beginner
Platform: Ninja
Trading: Crue/Tf
 
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I have started a new journal where i will post my trades and thoughts i will still update this thread when i find something meaningful to post. Hope you all are having a great time trading.



-Jinhar

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  #199 (permalink)
WA Europe
 
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hi jinhar,
thanks a lot for your journal.
I make some trade and i realy have some problem where i can exit it.
I take it bc i saw a B setup.
Can you explain wht trigger your exit in your trades?
Thanks

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  #200 (permalink)
mumbai maharashtra/india
 
Experience: Beginner
Platform: Ninja
Trading: Crue/Tf
 
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Posts: 289 since Jun 2009
Thanks: 23 given, 763 received


adamribica View Post
hi jinhar,
thanks a lot for your journal.
I make some trade and i realy have some problem where i can exit it.
I take it bc i saw a B setup.
Can you explain wht trigger your exit in your trades?
Thanks

Your chart pic is too small can you please upload a bigger screenshot .. please give me details which instrument timeframe you are looking at and at what time ..

-Jinhar

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