Forex trend trading system
Trend truly great work has been done by Myronnthe author of the current Trend Line Trading Strategy. Support-resistance trading, trend line trading, checking higher time frames, money management — the strategy has a concrete-like theory base and a simple implementation — a winning combination, forex places it into the category of advanced strategies. Lol… I cant blame you. But maybe you can learn something extra here. Do yourself a favour and take a look at a chart and see if you can identify a trend. Is there a main established trend? There are exceptions where you can go against the main trend, but I wont touch on that here. Timeframes suitable for these strategies are the daily, 4h, 1hr, 30mins. I use only 1 Metatrader4 indicator called Swing ZZ zz for zigzag. It is freely available in the net, just google it and you can download it. Thanks forex the programmer who wrote it. So lets get started shall we? I call this trendline trading strategy because it involves drawing trend lines using the swing highs and lows of the Swing ZZ indicator. Get the big picture first, that is very important. For forex, when I want to trade on the hourly chart, I first check the daily chart and also like to see what is happening in the 4hr chart as well to see if I can spot an obvious trend or channel or trading happening in the daily and the 4hour charts. I stay out if there is congestion until breakout of the congestion happens and a trend is established. I draw trendlines in the daily or on the 4rhly charts chart then switch to the 1hr timeframe. I identify trends in the hourly and draw trendline s as well. The trendline can be the daily, 4hrly or the 1hr trendline. You must place your order when that candle closes. Note you must wait for price to approach a trendline or very near forex the trendline before you place your sell stop order. You should set your stop loss according to your money management calculations and risk tolerance. Just do the exact opposite of short entry. Here is a screenshot of the trades I have taken using the strategy above. Attached are account history screenshot of trades taken in two parts as I am unable to take 1 complete screenshot. This strategy is amazing ,hats off for you buddy. I just want to ask you that i do not have swing zig zag indicator so is there any other substitute? I mean is there any other way to identify swing highs and swing lows? I hope trading will reply soon. You really dont have to use trend swing zz indicator at all in this strategy. But it does make it visually easy for me identify swing highs and lows in the past and based on that draw trendlines. In answer to your question regarding substitue: At a minimum of 2 "peaks" or 2 "valleys" is required for you to draw a valid trendline. A line of best fit is usually required if you have 3 or system points to conect. That's a power strategy! As I understood, all your entries are taken on 1 hour timeframe. May I ask, how do you determine what swings to use daily, 4 hour, or hourly for setting stop losses? Does it depend on the trend line being hit Or am I mixing things up Hi Myronn System for this great job For stop loss, allow me to give an example here: When I place my sell stop order in the 1hr timeframe, i search for the previous swing high also in the 1hr timeframe and put my stop loss just 5 pips above it. If the previous swing high is just above my entry trading my stop loss would be like 20pips placed just above it, that is good. Can you take that or not? When it violates my money management rule, what I do is I switch to a smaller timeframe trading that would be the 30min. In there, I look for swing highs that would be much closer to my entry point and and with stop loss that fits my money management and that is where I place my stop loss just 5 pips at least above the previous swing high in the 30min timeframe. Thats how i do it and i hope you system will experiment and see what fits each one of you individually as traders. Remember, wait for the price to come to the trendlines before taking any trades, dont take anything in between the major trendlines. Patience is the key. Drawing trendlines helps me spot the trend in the market and I know that as price nears that trendline, it does two things: I place my order as described in the strategy. Pls note that I advice not to use Forex ORDER entries when prices near the trendlines because ANYTHING can happen there. There will be candles breaking or intersecting the trendline s trying to head in the opposite direction to the main trend. However, if the trendline is broken and a new higher swing high and higher swing low is made that may signify an uptrend. Hi Myronn Grateful for your detailed explanation. One more humble question, please: I enter on 1 hour chart, do I look for a previous swing on 1 hour time frame? In your examples the charts are 4 hour and daily and profit targets are trend accordingly. Were those entries taken on other than 1 hour chart? Active traders Poll - share your live experience or read what others have to say. Forum What is Forex? FXCM App Store Trailing stop EAs MT4 Forex Scalping Tips and Facts Forex Brokers Scalping systems Forex systems with MT4 custom indicators Systems in development Create own Forex system Forex Trading Tips Forex indicators Forex Polls - results FSR Forex Forum. Who's online There are currently 16 users online. Submitted by Edward Revy on October 4, - Remember, your feedback, comments and suggestions are always in great trend Hi Myronn, This strategy is. Hi Myronn, This strategy is amazing ,hats off for you buddy. BigPond wireless broadband hmmm System trading Regards, Arsalan. Thanks Arsalan, pls contact. Hope this answers your question. Yeah, Ausie,,lol, dead giveaway huh? Hi Myronn, Thanks you very. Hi Myronn, Thanks you very much for your quick reply and detailed answer for my question. Happy trading, Trend, Arsalan. Hi Myronn That's a power. Hi Myronn Trading a power strategy! Hi Myronn Thanks for this. Bravo Myronn Regards Gregg. Hello Marius, good system. Hello Gregg, 3 good. Hello Gregg, 3 good questions, i try my best to answer them for you. Hi Myronn Grateful for your. Wish you all the pips in Forex: DailyFX Dukascopy Saxobank InstaForex FSR Forum. Free e-books Currency Index Forex bonus Video course. How To Double The Account In 1 Day? Home Advanced strategy 10 Trend Line Trading Strategy Submitted by Edward Revy on October 4, - Edward Revy Hello all, First of all, this site is awesome. Edward, you are a great man. I am calling this a Trend Line Trading Strategy and it is based on: Wish you all good health. DailyFX Dukascopy Saxobank InstaForex.
Regardless of whatever stratagems the Romans and Herodians might have devised during a hundred years of uneasy peace, they assuredly did not succeed in healing the deep wounds stemming from the Roman conquest.
In: Schneider KA: Counseling About Cancer: Strategies for Genetic Counseling. 2nd ed. New York, NY: Wiley-Liss, 2002, pp 129-166.
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