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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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  #1 (permalink)
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hello all,

The purpose of this thread is to help traders navigate through different forms of trading .. There is trend trading, range trading, counter trend trading and so on .. for a trader having difficulty making daily bread and butter i would suggest they start with trend trading and this thread will help you with it.. trend trading is simple as it comes in trading if you dont make it complicated it will help you to be profitable most of the time with that i dont mean each trade but i mean over a period of time say for scalpers weekly for day trader on monthly basis and so on... This thread will cover from different trend setups which i use to all other details which i think will help you out overall in the trading process .. again i am no expert this is just some of my exp in trading for last 3 years ... if it helps you excellent if not i will thank you for giving it a read.

Requirements for trend trading...

Well you will need to choose the time frames you want to trade on .. you will require to select 2 time frames one will be smaller time frame for your entries another will be you higher time frame for analyzing the flow of the markets and trend.

Then you will need to select a moving average it can be anything you like 21,34,55,60,89,100 etc it should be same on both the charts.

This is the basic stuff you require then u can add other indicators if it helps you for this thread i will just use this.

Price action plays a great part in trend trading that you will soon discover as this thread continues.

Instruments you can trade...

Well you can trade any instruments you like but you should know that instrument well by that i mean you should know when its move more when its gonna stay dead like lunch hours and when are news related to it scheduled to come out.

Daily goals:

For new traders i would suggest keep your goals simple [10-20 ticks per day with as few trades as possible is nice place to start] trading is not something you want to rush things in . in trading i would suggest you find your base 1st then start expanding it. By finding base i mean take it slow when you are new or struggling and once you know what you are looking for are confident then you can build up from there on...

Daily loss limit.

i have talked with many traders some say its most imp to keep a daily loss limit some disagree with it .. I do agree in keeping a daily loss limit and for starting out i think best is to keep it at 1:1 so if your daily goal is 20-30 ticks keep your loss limit of the day to 20-30 ticks. as i said earlier trading is not something you can rush in so there is no harm calling it quits when you are not in sync with the market just call it a day and come back later on next day .. no point in trading more and more when markets are not in sync with you and giving away $$$ from your account.

I will post some examples and charts later on and cover different setups with trend trading .. Hope it helps .. again this is just one of the ways to trade i aint a expert but i get my daily targets most of the day and purpose of this thread is help traders do same..

Best Regards
Jinhar

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The primary setups for trend trading are 2 1st one is the trend reversal on your higher time frame for the purpose of simplifying all setups name we will call it 'B' setup..

A 'B' setup occurs when u get a new trend on your higher time frame by that i mean if market is trending down you will get a close above the ma and if the market is trending up you will get a close below the ma. Once this happens the price action on your smaller time frame will be in sync with the new trend. lets simplify this with few screen shots..

For the purpose of examples i am using Euro usd with 5r and 15r. 5r will be your entry time frame and 15r will be your higher time frame for analyzing and trend direction. i am using a 55 ema for the examples.

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The positives of the 'B' setup is that as its a trend reversal it will get you in as soon as the trend shifts and if its a strong trend reversal it will give you a great entry at the start of the trend.

But it has its negative points they are that as its a a break out trade on your 5r your stops will be a lil higher and also if trend is weak then there will be a retracement coming and another thing is that there will be false trend reversal.

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Well the solution when you get a false b is simple you will get another trend reversal and a another b setup again remember for a b setup to work you need the pa on your smaller time frame to be in sync so to get 2 false b trades is very rare if the market is moving normally by normally i mean London open or pre us or us open.

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Keep them coming my friend.

Looking forward to (hopefully) learning about stop placement, trade mgmt and the elusive exit plan.

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Slack View Post
Keep them coming my friend.

Looking forward to (hopefully) learning about stop placement, trade mgmt and the elusive exit plan.

Will cover everything this is just one setup there are another 3 setups which i need to cover once i do that then will cover all other stuff will do all slow and steady ..

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Now lets move forward to another setup which will be the trade u need to look at very very closely as this is the most efficient setup in trend trading the pullback setup or the 'A' Setup..

An 'A' Setup will form only after confirmation of the B setup so after you get a confirmed b setup you can look for pullback to the smaller time frame ma for an A setup. Again for an 'A' setup to work its must to have the pa on ur smaller time frame to be in sync with the trend.

Positives of this setup.

Unlike B setup this only happens after confirmation of the trend. Entries are at the pullbacks so stops are small compared to the B setup.

Negatives of A setup

You will miss the initial run most of the time. Pa always needs to be in sync with the trend.

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On a strong trend day when you get a pullback on your higher time frame there will be periods when the price action on the smaller time frame will shift if thats the case the only way to get in a trade as an A setup is to wait for the price action to again shift and get in sync with the trend . Once that happens then only you can enter a trade as an A setup.

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jinhar View Post
Will cover everything this is just one setup there are another 3 setups which i need to cover once i do that then will cover all other stuff will do all slow and steady ..

I like the step by step layout of this thread. Very useful. Hoping this format will continue.

Keep up the great work Jinhar,

Rick

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Lets look last 2 days us open and see how both the B and A setups worked ... Just for example. i trade arnd 1-2 hrs from 7.30ish-11 for example purposes m gonna just consider us open from 9-11am in the morning. All times are in Est.
For this example i am using time charts 1min and 5min.

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'C' Setup is similar to B setup. The only difference is C setups occurs within the trend. On strong trend days when u get retracements your pa on smaller time frame will shift and go against the trend when it goes back in sync with the trend and gives you an break out you get your C setup. The breakout of the swing high or low to get back in sync with the trend is your C setup.


The Positive's of the c Setup are again similar you will catch the Start of the trend continuation and it comes before the A setup.

Negative's of the setup are also same as B so nothing more to add.

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What is "pa"?

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What is "pa"?

Price action

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I hope you don't mind... this will not be a habit...

Could you grade me on following your rules on my first trade? Green sloping line is the T3 moving avg. The orange line is mid Donchian and red/green line is super trend, which I use for stop guidance. I don't like using last swings since because the pips range is always too large for my liking.

FYI, this is spot FX.

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I hope you don't mind... this will not be a habit...

Could you grade me on following your rules on my first trade? Green sloping line is the T3 moving avg. The orange line is mid Donchian and red/green line is super trend, which I use for stop guidance. I don't like using last swings since because the pips range is always too large for my liking.

FYI, this is spot FX.

Pa was with you you were in sync with the trend it was a nice A setup you could have entered at the close of the bar before but your entry was nice .. Everything was great .. Nothing i can change about it ... and you are always welcomed to ask questions.. Hope it helps

Best Regards
Jinhar

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Cool thanks!

I see I missed trade #2 typing my post earlier. No worries, price is always on the move

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Cool thanks!

I see I missed trade #2 typing my post earlier. No worries, price is always on the move

again the less number of trades you trade the better in the long run this is just my personal exp i have done 100 trades in a day at one point now i just trade 20-30mins a day 1-2 trades max .. keep your goals simple less number of trades it will help you in the longer run .. Just my one cent.

Best Regards
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jinhar View Post
again the less number of trades you trade the better in the long run this is just my personal exp i have done 100 trades in a day at one point now i just trade 20-30mins a day 1-2 trades max .. keep your goals simple less number of trades it will help you in the longer run .. Just my one cent.

Best Regards
Jinhar

Great advice. Us newbies are always looking for more - more, which ironically usually means less $$.

You just reminded me of a question I have. So, at some point we are going to experience mean reversion on the higher time frame. This could induce some nasty/whippy trades on the lower time frame. How to avoid?

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Great advice. Us newbies are always looking for more - more, which ironically usually means less $$.

You just reminded me of a question I have. So, at some point we are going to experience mean reversion on the higher time frame. This could induce some nasty/whippy trades on the lower time frame. How to avoid?

See if you are going for less trades a day then what place would you like to enter a trade A] where price has already moved in same direction for quite a while or B] Trend change and start of the new trend? to answer your question there is no way you can know that if you are taking each and every trend setup on the other hand if you have limit yourself for fewer trades a day you wont enter a trend trade which has already moved in one direction for quite a while. Hope it helps.

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This is the last hope setup you can say as if this fails trend will most certainly reverse. This is a very rare trade but when executed properly it has the best risk reward in all the setups.

D setup is the bounce of the price of the higher timeframe ma or bounce near the ma , price should not Close other side of the ma on the 15r and also u should have a double top double bottom or higher low for long or lower high for short.


Positive's of this setup

Best Risk reward. Great for add on entries.

Negative's of this setup its very rare for scalpers 1-2 times a day and so on...

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It only occurs when pa on the smaller time frame is against the trend ... When price is in a strong trend Pullback on the higher time frame.

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One can use combination of this setups to day trade or use it individually to scalp around.. Learn one setup at a time they are simple enough and they will help you reach your daily goal easily. market is moving 24hrs it doesn't meant you should trade 24hrs .. select your timezone keep your daily loss limits keep a target and follow it each and every day don't change them.. Remember trading is simple keep it that way and you will make money each and every day.
hope this helps


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Jinhar

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This are the setups from today's us trading session on the euro on the 5 and 15 range charts.

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This are the trades from 2hrs of the market open on crude from 9-11 est

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So, at some point we are going to experience mean reversion on the higher time frame. This could induce some nasty/whippy trades on the lower time frame. How to avoid?

Jinhar - thanks for sharing your experience and trade setups. I too would love to hear how you trade range/choppy periods or how you avoid it with this MTF setup.

Thanks!

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Jinhar - thanks for sharing your experience and trade setups. I too would love to hear how you trade range/choppy periods or how you avoid it with this MTF setup.

Thanks!

Tell me a particular instrument with time and date and i can show you as for wad you can do ,as for me i don't have to face that problems as most of my trading consists of A or D setups and A setups i only take 1-2 after the trend is formed all other i just let it go as i only need 1 trade in a day to call quits.. So if u have anything particular in mind tell me i will try to get the charts and i will give it a look.

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Also if you look on crude review trades it was in a 50 tick range so dunno if you consider that as a choppy zone or trend most ppl consider it chop in crude so again m sorry if it does not answer your question . please let me know if u have any particular instrument with a particular time zone in mind.

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Again for now i have just Stated all the setups separately for scalping purpose later on i will Show how to combine them all for swing trading or building a position for day trading.. Thanks for reading it .. Hope it helps

Best regards
Jinhar

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Very nice thread. Easy to read as well. Thanks so much.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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What about these areas, that I have highlighted in your chart. They represent areas of chops and many B entries.

TechSmith | Screencast.com, online video sharing, 2011-01-27_0735

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What about these areas, that I have highlighted in your chart. They represent areas of chops and many B entries.

TechSmith | Screencast.com, online video sharing, 2011-01-27_0735

they do look like potential b setups .. thats where pa comes in if you add pa to it most of it will get cleared and i dint mark those because after 11-11.30ish est trading Euro aint that great for me at the least but if you add price action on ur smaller time frame it will filter it out for you.

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Will post more setups from today's session later on which will help better understand it .. better

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This is the trade from today Which got me my ticks for the day again some of you asked me how to trade when price is chopping around the ma on the higher time frame this is a perfect example as Price was moving up and down on the higher timeframe but trade was taken with pa on smaller time frame and it worked beautifully. hope this helps.

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There were 2 potential trades on euro in us trading hour 1st the A setup with pa and trend in sync and 2nd the Rare D setup have a look Happy trading

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Over last few months i have talked with number of trader's and shared ideas with them over money management in different styles of trading today i will talk something that's worked for me for last 1 and half year's and it will help trader's struggling a lot most of the trader's talk about risking 2% per trade or some go more then that .. that's fine but for some one starting out that's not the best way to go as if they are starting out and they are stuck in a bad zone losses will be huge and that will affect the mind of the trader which is not good ... Remember trading is to be kept simple and stress free so i would suggest keep a daily percentage for example 1 or 2 and make that your daily target so if you are going for 30 ticks daily then you should adjust your position size in a manner that 1% equals to 30 ticks before i explained to start with a 1:1 risk reward so in this case you are risking 1% to make 1% or 30 ticks to make 30 ticks. Remember keep it simple and this method will work with trend trading you wont get winning trade or day each and every day but for scalping this if managed properly will help you to come out in green most of the weeks in a year .... Think about it .. just my one cent hope it help's.

Best Regards
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trippenlatin View Post
What about these areas, that I have highlighted in your chart. They represent areas of chops and many B entries.

TechSmith | Screencast.com, online video sharing, 2011-01-27_0735


jinhar View Post
.... Remember keep it simple ......

Best Regards
Jinhar

You have done an outstanding job explaining this step by step system. I am sure many traders will benefit from your hard work.

I adhere to your mantra to "Keep it Simple. Attached are my trading charts. I use one chart with one indicator in one time frame, on one computer screen.

In the pic below, 3 green lines means look for long opportunity and 3 red lines means look for short opportunities. Two of the lines are 2 different length ema's . The priceline is color coded to exclude chop.



One of the pics shows the actual chop filter I use. I don't have it on the screen when I trade since it is built into the price line color changes and I keep as few things on the chart as possible.



Another way to accomplish the same thing is covered in the pic of an indicator I wrote for Jeff Castille that is an all in one indicator, indicating trend, chop , entry and exits.



I believe that everyone should find what works for them and use it. You have done an excellent job explaining your system.

Regards,
TMFT

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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You have done an outstanding job explaining this step by step system. I am sure many traders will benefit from your hard work.

I adhere to your mantra to "Keep it Simple. Attached are my trading charts. I use one chart with one indicator in one time frame, on one computer screen.


Those charts are beeeeyouteefuuuulllll....

Not sure how you trade them but they are the prettiest charts I've ever seen.....so post modern and contemporary.

Simplicity is the ultimate sophistication, Leonardo da Vinci


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ThatManFromTexas View Post
...You have done an outstanding job explaining this step by step system. I am sure many traders will benefit from your hard work.

I adhere to your mantra to "Keep it Simple. Attached are my trading charts. I use one chart with one indicator in one time frame, on one computer screen.
...

ThatManFromTexas, i tried your idea of masking the wicks and tails and just keep a dot for the close i think it facilitates the reading of price action curiously. I can better follow my Squiggly Lines.

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Very nice thread you have started bud. Look forward to contributing some of my trades based on our method.

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Hi Jinhar,

thank you for sharing your view on markets, very simple and with good rules it is nice weapon . I got a lesson today how to better look on higher tf chart and choose to trade only best setups. looking forward for your next ideas.

best regards

R.

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Robertczeko View Post
Hi Jinhar,

thank you for sharing your view on markets, very simple and with good rules it is nice weapon . I got a lesson today how to better look on higher tf chart and choose to trade only best setups. looking forward for your next ideas.

best regards

R.

I am Glad it helped you .. i will post today's review on crude setup in sometime hope that help's you .. !! happy trading.

Best Regards
Jinhar

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There were 4 setup again what setup's one chooses is completely on them for example i don't trade B setups So i only had one A and one D setup i have marked all 3 so enjoy .. again happy trading.


Best Regards
Jinhar

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aztrader9 View Post
Those charts are beeeeyouteefuuuulllll....

Not sure how you trade them but they are the prettiest charts I've ever seen.....so post modern and contemporary.

The color gradient is actually functional. It is in-sync with the Color Coded Price line.

Trading is quite simple (like me... ) I trade with the trend and look for trend reversals and or price pullbacks. If I get all 3 lines green I want to go long. But I want to get in as soon after the price pivots/reverses as possible. If it was been several bars since the pivot/reversal before I get 3 green lines, I wait until; price pulls back close to the fast EMA , reverses and heads back in the direction of the trend.

Reverse the process for shorts.


trendisyourfriend View Post
ThatManFromTexas, i tried your idea of masking the wicks and tails and just keep a dot for the close i think it facilitates the reading of price action curiously. I can better follow my Squiggly Lines.

These may help. Good luck!

Regards,
TMFT

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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Nice job, keep up the good work.

Andrew

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Nice thread. Very informative. Easy to follow.

Keep it coming

Rick

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trs3042 View Post
Nice thread. Very informative. Easy to follow.

Keep it coming

Rick

Please feel free to share how you are using this setups in your trading ... Thanks

Best Regards
Jinhar

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Hey all,

Today was a slow day my tick charts were not moving that much so i decided to trade off the min chart's . Got a trend change and A nice pullback for an a setup .. stops were nice and small and price was well moving to slow took me and hour + to hit my daily target but hey it did reach ... so done for the day and m happy have a look and have a nice trading session...

Best Regards
Jinhar

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Today was a great simple day with 3 a setups and one D all working out well .. Euro was in a nice trend .. Happy trading.

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Here are the setups from the crude i am not gonna cover each setup for 2 hrs because today was a strong trend day and setup's were clear... again i can't stress importance of higher time frame and trend trading Set a goal 10,20,30 ticks look for your setup and get done scalping and day trading is not about playing each trade but waiting for the best trade per your method and then risk .. remember the best card counter's in blackjack also wait for table to setup before starting to trade they don't play each and every hand they only do on thing's with high stats same with trading there are 4 setup's which i can see may be you can do more or less does not matter .. pick 1-2 setups and wait for them and get done there is no need to give your money away, if you keep trading simple your life will take a turn and become much more pleasant and beautiful .. again happy trading and best of luck.. if you need any instruments to review or help with setups please ask or share .. Thnks


Best regards
Jinhar

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Many trader's have asked that question when they are trying to figure out which route to trading to take Trend , Counter trend, range channel trading.... Well i have traded all the above styles over the year and what suits you in the end is completely upto you but what i have noticed while working with new trader's is that trend trading is easy to adapt to your style as rules are flexible compared to range or counter trend trading in which you need to follow your rule set or else trend will kill you.. But in trend trading you are with the trend so specially if you are starting out and you haven't mastered the art of timing your trades in those cases being with the trend will save you 8 out of 10 times specially if you enter at the start of the trend ... trend trading gives you added confident because you know that higher time frame is trending so you are going with the flow of the market's .. Trading in the end of the day is all on the feel good factor so if you are starting out or still finding hard to make your daily bread and butter give it a shot it might be the missing factor in your trading as you can see from above setups its simple to follow you can add your variations it is not rocket science ... it will keep your trading simple and trust me on this in trading simple is just pure gold .... !!!! have a nice weekend this post is just some stuff to think about if you haven't started thinking about trend trading.. Thanks for reading

Best Regards
Jinhar

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i agree i seldom have a trade that doesnt work out but even i get burned sometimes if i try to take a contertrend trade as ive gotten so comfortable in the market going with trend...sharky

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ThatManFromTexas View Post
You have done an outstanding job explaining this step by step system. I am sure many traders will benefit from your hard work.

I adhere to your mantra to "Keep it Simple. Attached are my trading charts. I use one chart with one indicator in one time frame, on one computer screen.

In the pic below, 3 green lines means look for long opportunity and 3 red lines means look for short opportunities. Two of the lines are 2 different length ema's . The priceline is color coded to exclude chop.

Attachment 29428 Attachment 29429

One of the pics shows the actual chop filter I use. I don't have it on the screen when I trade since it is built into the price line color changes and I keep as few things on the chart as possible.

Attachment 29431

Another way to accomplish the same thing is covered in the pic of an indicator I wrote for Jeff Castille that is

Attachment 29430

I believe that everyone should find what works for them and use it. You have done an excellent job explaining your system.

Regards,
TMFT



TMFT

I love your simplicity. Very nice clean charts. Nothing overwhelming or seemingly complicated. Do you mind sharing some entry/exit rules for trading your charts and indicators ? Many thanks

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Jinhar,

I have another question. Do you feel there is an advantage to looking at two different time frame (TF) charts as opposed to using just the lower TF and multiplying a second MA to display the upper TF trend?

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Slack View Post
Jinhar,

I have another question. Do you feel there is an advantage to looking at two different time frame (TF) charts as opposed to using just the lower TF and multiplying a second MA to display the upper TF trend?

There is a huge difference by having a larger chart you will get to know support resistance on that chart whats the overall trend whats the Price action like on the support or resistance .. Longer term area what all .. you cant get all that on just smaller chart .. and also D setup will be hard to spot without the larger chart as it requires close of larger price bar abv the ma smaller one can close below .. And having a chart with just a ma aint gonna harm you its better trust me ..it will take time to adjust but it will help you a lot in long run...

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ThatManFromTexas View Post
The color gradient is actually functional. It is in-sync with the Color Coded Price line.

Trading is quite simple (like me... ) I trade with the trend and look for trend reversals and or price pullbacks. If I get all 3 lines green I want to go long. But I want to get in as soon after the price pivots/reverses as possible. If it was been several bars since the pivot/reversal before I get 3 green lines, I wait until; price pulls back close to the fast EMA , reverses and heads back in the direction of the trend.

Reverse the process for shorts.



These may help. Good luck!

Regards,
TMFT

TMFT,

The CloseLine.cs seems to contain plots for both dots and lines with dots correctly plotting in up/down colors, whilst the line just plots only in yellow color (see my attached screenshot). I suppose you mean the CloseLine should plot ONLY the line in up/down color, whilst the CloseDot should plot ONLY the dots in up/down color. Could you have a look at the posted .cs files again ?

Lolu

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Here is the trade i took for 25 ticks .. I had to wait for the pa to get back in sync with the trend and then a pull back to the ma to get the A setup Dint get any pullback back to the low's for the D anyways i will take an A setup any day .. So here is the trade ... Hope you all are doing great .. Thanks for reading. Will post a potential setup from us session later on once we are done .. till then m gonna enjoy .. hehhee

Best Regards
Jinhar

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jinhar View Post
Here is the trade i took for 25 ticks .. I had to wait for the pa to get back in sync with the trend and then a pull back to the ma to get the A setup Dint get any pullback back to the low's for the D anyways i will take an A setup any day .. So here is the trade ... Hope you all are doing great .. Thanks for reading. Will post a potential setup from us session later on once we are done .. till then m gonna enjoy .. hehhee

Best Regards
Jinhar

Did you pass on the prior pullback because you saw some overhead resistance?

Also, do you move your SL during the trade?

Thanks.

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Slack View Post
Did you pass on the prior pullback because you saw some overhead resistance?

Also, do you move your SL during the trade?

Thanks.

Prior pullback pa was against the trend so no a setup remember u need to have pa with the trend ..

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ThatManFromTexas View Post
The color gradient is actually functional. It is in-sync with the Color Coded Price line.

Trading is quite simple (like me... ) I trade with the trend and look for trend reversals and or price pullbacks. If I get all 3 lines green I want to go long. But I want to get in as soon after the price pivots/reverses as possible. If it was been several bars since the pivot/reversal before I get 3 green lines, I wait until; price pulls back close to the fast EMA , reverses and heads back in the direction of the trend.

Reverse the process for shorts.



These may help. Good luck!

Regards,
TMFT

TMFT,

Have you had a look at my post #56 of this thread and in respect of the CloseLine.cs indicator ?

Lolu

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Unless trade goes more then 15 ticks i dont move stop loss after 15 i sometimes bring it to +1 other then that no for scalping i keep it the way it is...

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Here are potential trades on euro from the us session 1 failed setup and 2 nice runners .. hope you all had a nice trading day ..

Best Regards
Jinhar

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Jinhar
I just took the time last night to read your thread. I have to say it is well done. Simple, straightforward, easy to understand and implement.....thank you for posting.
Papa15

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Hello Jinhar,

I haven't seen any of your posts lately. Things alright???

Rick

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Hello Jinhar,

I haven't seen any of your posts lately. Things alright???

Rick

They should be back i had to take care of few things due to which could not post .. But now all back to normal So Will post them again .. hopefully you all are having some great trading sessions


Best Regards
Jinhar

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Jinhar,

Thank you so much for the useful info and your time spent.

I trade the YM and use a 5 and 15 minute chart. I use the larger time frame to keep me out
of the noise of YM and to catch the one or two large swings of the day.

Do you think the 15minute chart is too large for your method?


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Jinhar,

Thank you so much for the useful info and your time spent.

I trade the YM and use a 5 and 15 minute chart. I use the larger time frame to keep me out
of the noise of YM and to catch the one or two large swings of the day.

Do you think the 15minute chart is too large for your method?

No u can use Whatever combo you like .. I will post some examples With That Timeframe later on today .... This method you can use to Scalp - day trade position whatever you are comfortable with .. I will post that later on too .. Have a nice weekend ..

Best Regards
Jinhar

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Here are the setups on the ym 5min and 15min chart .. note the 2nd short depends on how you define your breaks of the highs .. for me on time charts it needs to be Close above to define the break .. So i have considered it a short if you consider that as a break then it wont be a A short setup ... there were 3 short A setups and one long ..

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Here are setups on ym on a day when it was very choppy 1st 2 setups dint line up perfectly so had to be passed on but the 3rd one was nice setup for long ..

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Yes... the last long trades in both your examples are exactly the type of trades I look for...

Thanks


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Yes... the last long trades in both your examples are exactly the type of trades I look for...

Thanks

Excellent hope it helps . you can share the trades you took here and i can see if we can work on entries and exits from it if it helps .. Remember in trading you always get to learn each day .. Have fun

Best Regards
Jinhar

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jinhar View Post
Excellent hope it helps . you can share the trades you took here and i can see if we can work on entries and exits from it if it helps .. Remember in trading you always get to learn each day .. Have fun

Best Regards
Jinhar

Thank you for your posts. Great stuff. Thank you for your offer to post charts. The only issue is I use indicators to help me to trade and you do not, so I hope its OK. As I post I'll show you what I look for in the trade.

Once more thank you for your great inputs.

TickVix/Gregory

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Thank you for your posts. Great stuff. Thank you for your offer to post charts. The only issue is I use indicators to help me to trade and you do not, so I hope its OK. As I post I'll show you what I look for in the trade.

Once more thank you for your great inputs.

TickVix/Gregory

As i said earlier you can use whatever u are comfortable with .. I will just help you out where i can ..

Best Regards
Jinhar

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is there any advantage to useinga 3to 1 ratio of higher times frame than a 2 to 1?thanks

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is there any advantage to useinga 3to 1 ratio of higher times frame than a 2 to 1?thanks

2 to 1 will still give u more noise and i started from swing trading so to get it more cleared i used 4to1 or 3to1 when i started scalping am still using the same have not change anything .. So U can try but the only difference is that on higher ratios you will get less noise.

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Straightforward day simple A setup .. and done for the day ..

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There was only one valid trade in the euro at the start for short .. on crude price was choppy at the starting hour but still we got 3 potential setups .. Hope you all had a fun trading day .. Thanks

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Y to get addicted to trading ? y not to get done with just one trade and just enjoy rest of the day ? what is the need to keep on trading just because your charts are moving or you still have lotta time on hand ? y can't you quit when you are ahead y so much greed that you cant be happy with 10-20-30 ticks a day [m talking about scalping assuming at higher leverage then swing trading].. This is coming from some one who has traded 100 trades in a single day and there was a time when i was aiming for 100 ticks daily .. if i would not trade for 5-6 hrs day would be useless and i can tell you most of those days i could have been done within 30mins and done for the day and enjoy my life but i never did that instead i hanged on because i was addicted .. the result of that was .. Stress lots and lots of it frustration with everyone on good and bad days on good because i was exhausted after trading so much on bad because well i had a bad day ... account was never stable .. So ask yourself whats the need to trade so much ? why not you can be happy that you are in that rare percentage group that can wake up at 9 am in the morning and get done by 10 and enjoy rest of the day with your family instead of trading till 12 or later and giving away all your hard work most of the time ? there is no point in going for 50-100 ticks scalping and trading for hours and hours y not just go for 10-20-30 ticks a day and get done within the first 2 hrs ? Please think over it There is no point getting addicted to trading .. get rid of the addiction you can make lots and lots of money just going for 10-20 ticks and you know that you also know that you will get done within first two hours . So y getting addicted to trading and making your broker's rich ? Y ? Just one cent from what i was and what i am know .. its not meant to offend any one.. Thanks for reading

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how long did it take you to become a consistantly profitable trader?thanks

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how long did it take you to become a consistantly profitable trader?thanks

To learn scalping it took me around 15 months.

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are you still using fibs in your trading? nice thread jinhar.

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Nice D setup On the euro i was bit aggressive on this trade but risk was very small so it was fine today was quick day as price was moving beautifully this trade was after the news ..

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are you still using fibs in your trading? nice thread jinhar.

Yes i still use them not in scalping that much but over all to see what market is doing fib is important part... In day trading again fib plays an imp part but thats something for later date .. for now lets concentrate on scalping .. ...

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jinhar
Attached are my trades for today. They are in sim as I am still getting used to this and I have recently switched brokers and charting platforms. The third trade, I reduced my profit targets since it appeared the down move was getting weaker. Took some heat but it was profitable.
Papa15

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jinhar
Attached are my trades for today. They are in sim as I am still getting used to this and I have recently switched brokers and charting platforms. The third trade, I reduced my profit targets since it appeared the down move was getting weaker. Took some heat but it was profitable.
Papa15

Your 1st and 2nd trade were excellent Your thinkin about the 3rd trade was right but what i would suggest when you are taking such trade is that take the next pullback which was closer to the ma the area you entered that time ur ma was still lagging behind price went down and that time ma had caught up you got a bounce of them .. Try to take such trades if you need example look at your second trade perfect bounce when you get such trades you can use smaller stops thats all .. or else excellent trades .. again .. Great trading ..

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Your 1st and 2nd trade were excellent Your thinkin about the 3rd trade was right but what i would suggest when you are taking such trade is that take the next pullback which was closer to the ma the area you entered that time ur ma was still lagging behind price went down and that time ma had caught up you got a bounce of them .. Try to take such trades if you need example look at your second trade perfect bounce when you get such trades you can use smaller stops thats all .. or else excellent trades .. again .. Great trading ..

Best Regards
Jinhar

Jihhar
I discuss the third trade in more detail on my thread. It was taken for training purposes only. But thanks for the feedback. This is the only method I am using now.
Papa15

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Jihhar
I discuss the third trade in more detail on my thread. It was taken for training purposes only. But thanks for the feedback. This is the only method I am using now.
Papa15

Yes i read that but my observations were mainly on ur entry and not where the price was in the overall trend .. Just the entry .. Anyways .. They all were beautiful trades .. ..

Best Regards
Jinhar

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Is there a benefit to range type charts over Time charts, in your opinion?

tia


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Is there a benefit to range type charts over Time charts, in your opinion?

tia

See time charts specially for futures in fast moment will lag your tick charts or range charts out of the three i personally go for Tick charts they capture your fast moments and has characteristics of time charts ... Time charts have there own advantages if fast moment is not your concern and you are going for day or swing trades .. your entries and reversals will improve .. range charts are smooth charts and for scalping they are nice compared to time as you can go for quick moves .. Overall its upto you trend works on all its just wad are eyes are used to see hope it helps..

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Pretty straight trending day started with A setup short .. Then Reversed to long and Fired 3 nice A setups long .. Nothing to complain about if you get such Setups .. ..

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Started off with a failure D setup .. which is very very rare .. Then shifted too longs and gave 2 A setups .. one failed then again shifted too short and gave another A setup .. Hope you all had a nice trading day . !!!

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Another beautiful setup .. on a straight forward day .. Nice A setup.. hehe done for the day within few mins.

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i was talking with few friends of mine and basically this topic came up .. what to do when you lost your mojo . some of you may think it wont happen to you . some of you are in this situation and some have been .. but in any case this are just my exp .. how i dealt and i still deal with this kind of situation and being a trend trader .. This is wad i have to face every now and then .. 1st thing any one does is start questioning there method there whole belief system and wad not they will start adding different indicators they will start going through different systems and what not .. i know that i have done that more then i can remember 1st while learning swing trading and then 15months learning scalping and start making stupid unwanted mistakes and start breaking all there rules, so what to do when you are in a situation where you cant hit a winner well SIMPLIFY .. thats the most powerful word in trading SIMPLIFY .. the reason for going in such a phase are many maybe you are not thinking right maybe you are trying something different maybe you are just over confident .. doesn't matter simplify go back to basics take as less trades as possible and by that i dont mean come to your desk and take a trade and go no if you trade for 2hrs each day come to your desk and watch the markets and look for the most basic stuff which made you money look at live action and then take a single trade on that basic principle doesn't matter if can be something as simple as double bottom double top or bounce of an ma or support resistance just basic trading go back to stuff where it all started for you .. do that for few days and automatically your mojo will come back and you will start hitting your peak .. Remember mind is like any other machine you overload it with stuff its gonna stop working at peak performance .. To make it working again you need to reduce the load .. so again just SIMPLIFY... Hope it helps

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Jinhar

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I have to say, your KISS method has brought me closer to profitability than any other method I tried. I think this is related, too, but my best trades have always been with a minimal amount of thinking -- just observe and then react.

One time I accidentally pressed the Buy button on the wrong currency pair. After a few seconds I realized my mistake, opened the chart that had the trade on, and closed it. Decided it looked like a good short, so entered a new order and recovered my loss in about 3 minutes. No indicators, no deep thinking, just go.

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Slack View Post
I have to say, your KISS method has brought me closer to profitability than any other method I tried. I think this is related, too, but my best trades have always been with a minimal amount of thinking -- just observe and then react.

One time I accidentally pressed the Buy button on the wrong currency pair. After a few seconds I realized my mistake, opened the chart that had the trade on, and closed it. Decided it looked like a good short, so entered a new order and recovered my loss in about 3 minutes. No indicators, no deep thinking, just go.

See specially for small traders like us trading is equivalent to surviving ... the simpler it is the more better .. also .. see in trading every tick there are buyers and sellers .. So there is a reason for doing both .. So if you think more and more you are gonna get confused as your brains will think all sorts of reason to go long and it will go for all sorts of reason to go short on the same area thats what i do if i start to think while trading. .. the best trades as you said are the once which are clearer and dont require you to think .. thats y u have different setups .. with small rules so whenever you see the one you are used to you just hit the button and not think .. .. The less you think while trading the better.. So only thing i can tell is practice .. it will take few more weeks at the least for you to finding your zone .. always remember after you have changed even a small thing on ur chart or ur methodology or ur thinking you need to give it time .. or else it wont work . happy trading

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jinhar View Post
Another beautiful setup .. on a straight forward day .. Nice A setup.. hehe done for the day within few mins.

Thank you for very nice posts!!! May I please ask you for a bit of help. Could you please when able add time of entry to your chart.
I think I can see it on the bottom, but numbers are so small I cannot see it very well. I just like to line up your set up with my set ups since I trade with trend also.
Thank you for your help,

Gregory

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Thank you for very nice posts!!! May I please ask you for a bit of help. Could you please when able add time of entry to your chart.
I think I can see it on the bottom, but numbers are so small I cannot see it very well. I just like to line up your set up with my set ups since I trade with trend also.
Thank you for your help,

Gregory

Will do .. :

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Traded the rare D setup today . I just love this setup .. Will post review from us sessions later on .. Thanks

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As it was Friday i wanted to quit early .. came to trade at usual time but markets were all shooting down so decided not to trade today as market had already moved a lot in the south .. and i did not wanted to wait for new trend to start .. So hope you all had nice session .. I will try to do the review today or else tomorrow.

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Trading: Crue/Tf
 
jinhar's Avatar
 
Posts: 289 since Jun 2009
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There were 3 beautiful A setup's during us session .. Hope you all having a great weekend.

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