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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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  #201 (permalink)
WA Europe
 
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Posts: 123 since Mar 2013
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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
Hi,
just click 3 time in the chart(picture attached)and you will have it in big size.
Im trading ES ,time fram:5mt and 15 mt.MA;50 and 100.
Im tradinf the first two hour of the USA open(9.30 to 11.30 EST)
BR
Adam

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  #202 (permalink)
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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

@adamribica Exits depends on lot of factors it can be simple to complex all depends on what your goals are and where you want to see your self go as a trader.... the most important is u have a risk reward of greater then 1:1 thats the most important part of exits , other stuff is just minority to that .. again 1:1 at the minimum depending on your personal goals you can change that .. .Now Regarding exits i like fib retracements or double tops bottoms on higher timeframe chart for exit if that's not the case then i use fib extension from my entry chart this is all for normal trading for few hours .. if you want to hold for longer time then you can use fib extensions on higher time frame chart. again this is just the Simplest form price structure .. .you can add complex theories to it if you like that's not for me .... Hope this helps and i hope you continue to have amazing success like you had this month..

Best Regards
Jinhar

Ps: Retracements are determined by how high you are looking for example on a daily chart a 23 retracement is enough but lets say on 60 min you can look for 50ish retracment same with extenstion on smaller timeframe like 5 mins a 100 will be my choice on higher you can go lower .. and also if any of this targets is greater then your daily target feel free to book 50-60% at your daily target ... Hope this helps.

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  #203 (permalink)
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jinhar View Post
@adamribica Exits depends on lot of factors it can be simple to complex all depends on what your goals are and where you want to see your self go as a trader.... the most important is u have a risk reward of greater then 1:1 thats the most important part of exits , other stuff is just minority to that .. again 1:1 at the minimum depending on your personal goals you can change that .. .Now Regarding exits i like fib retracements or double tops bottoms on higher timeframe chart for exit if that's not the case then i use fib extension from my entry chart this is all for normal trading for few hours .. if you want to hold for longer time then you can use fib extensions on higher time frame chart. again this is just the Simplest form price structure .. .you can add complex theories to it if you like that's not for me .... Hope this helps and i hope you continue to have amazing success like you had this month..

Best Regards
Jinhar

Ps: Retracements are determined by how high you are looking for example on a daily chart a 23 retracement is enough but lets say on 60 min you can look for 50ish retracment same with extenstion on smaller timeframe like 5 mins a 100 will be my choice on higher you can go lower .. and also if any of this targets is greater then your daily target feel free to book 50-60% at your daily target ... Hope this helps.

Hi Jinhar,
Every post from you realy help and i realy learn a lot from it.
I realy hope that i can give you something back for your nice and very well done work
Thanks a lot and i hope you very good trading day.
Cheers
Adam

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  #204 (permalink)
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Posts: 289 since Jun 2009
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Normally we don't like to hear this word "limitation". In normal life that establishes weakness, but in trading it can be your best bet to success.

Know your Limitations your System limitation, your mind limitation, Limitation imposed but outside circumstances. Know them and once you know them work around them if you can't solve them Work around them.. If you can solve them great but many won't be able to or for majority it will take time to remove them till then work around.. if a trader doesn't know his strengths that's okay but if he doesn't know his limitations then he will be in trouble more often.

I talked about my friend who started trading when he had no job and when he became good at it he got an job and now for a year or so he can't make reach the optimal performance in trading that's not because he is not good as he was .. that's because now there is a new limitation from outside world , He has got a job now full time and due to this his time is very limited in trading only way he will be able to reach the optimal performance is when he shifts from scalping to higher timeframe trading.

Then take me, i have a psychological limitation i cant trade without targets or more then few trades .. i can trade them but then after few weeks i will get exhausted or something else will come up and i will loose it all [ That's what happened at start of the year] , the only way out for me is not to repeat that.

Same way systems also have limitation for example here we are talking about trend system, They are also limited for example say market is trending one side heavy reaction for few days , hours and you come in to trade then the effect of this system will be limited or there wont be any setup's till some sort of correction. Or say market is in range then again you need to know that limitation of your system and work around it ..

Recently i heard few golden words from different traders on bmt webinar i would like to state them here as i understood them....

@FuturesTrader71 stated one should have a plan on trading range and trading trend , excellent words for me personally when i realized this few years back was a turning point .. it made everything much clearer and gave me a structure to trade markets on...

@MWinfrey stated always try stuff 1st hand never believe in something because just some one stated does not matter how much you admire them .. Excellent statement .. a trader should always always try stuff on his own idea can be something that's shared around .. but execution should always be your own you need to see it for yourself , just because i could make something work and my stats are good doesn't mean that you can make it work without trying understanding it .. You need to try an idea you need to understand it and make it your own ..

Hope this helps have a great weekend all..

-Jinhar

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  #205 (permalink)
madrid spain
 
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hi jinhar, i post a new trade for today in 6b, and i have a question:
to be an a setup , how many retracement to the ma on LTF, can be?after the ma on HTF cross to the other side
thanks

alejo

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  #206 (permalink)
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Posts: 289 since Jun 2009
Thanks: 23 given, 763 received


alejo View Post
hi jinhar, i post a new trade for today in 6b, and i have a question:
to be an a setup , how many retracement to the ma on LTF, can be?after the ma on HTF cross to the other side
thanks

alejo

If you are new to trading A setup or starting out then rule of thumb is till its near to Higher timeframe ma .. That way your risk will always be low granted fewer setups .. Once you gain experience and are confident enough it depends on where you see price moving .. For example price is 20 ticks higher then the ma on higher timeframe but you see it going another 70 up .. Then there is no reason for you to take that trade but that all depends on your experience.

But do remember the best ratio and setups will always be near the higher timeframe ma. hope this helps.

-Jinhar

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  #207 (permalink)
madrid spain
 
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jinhar:
i made 2 trades today, could you comment them please

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  #208 (permalink)
madrid spain
 
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dear jinhar, i have done a trade today, if you can commnet please ,also i have a question:
the overall trend in bpo was down, and then when cross over ma on the htf to the upside ,i could consider that CTrend, then my question is:
do you take all trades go trend and c,trend or if better pass for the CT?
thanks

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