Entry on AUDCAD. H1 image As it turns out the channel width restricted my position size using R to 9.9 mini lots which is a bit smaller than normal with risk at 0.5% of trade capital for the trade. This was contrary to my comment above.....but ...

Diversified Trend Trading Approach

Why the interest in AUDCAD? Below are reasons why this approach likes the emerging setup. Below is D1 overview image Note the consistant price action of this emerging trend. The slope is relatively high for the type of trends I typically take with ...

Diversified Trend Trading Approach

Hi Pak It's not looking good and never has following the sloppy entry I did. I deserve to get a slap around the chops with this one. :-( Sounds like you are getting the hang of the approach :-) Here is the current status. Is this what you get? A ...

Diversified Trend Trading Approach

Goodbye JPY pairs.......as the soldiers fall I salute you /tic :-) NZDJPY H1 Exit image NZD JPY D1 Watch and Wait image CADJPY H1 Exit image CADJPY D1 Watch and Wait image AUDJPY H1 Exit image AUDJPY D1 Watch and Wait image

Diversified Trend Trading Approach

I will give you an idea of why I placed them where I did for the example above. I wish the D1 element of this strategy was non-discretionary but unfortunately I have found that the human brain is required for a host of subjective decision making at ...

Diversified Trend Trading Approach

Farewell USDJPY. It was great knowing you. This is why I am glad I am a trend trader. Looks like all my JPY pairs are running out of puff. Probably more to follow soon. H1 Exit image .......and now back on watch and wait on D1 timeframe. DI Watch ...

Diversified Trend Trading Approach

Thanks for the heads up B. :-) If I go to the H4 or D1 timeframe with this technique as you suggest it will be far more manageable if I want to up the instruments in the portfolio. I will have a think about it for a bit. I will, for the purposes of ...

Diversified Trend Trading Approach

Nice article infinitus. Couldn't agree with the research findings more :-)

Quantitative and Algorithmic Trading

Hasta La Vista GBPUSD. Close of trade on H1.....*sobs hysterically* image Back on watch and wait mode on D1. image

Diversified Trend Trading Approach

Below is an annotated chart of the DAX which I would like to use as a current example that reflects the dynamic nature of the standard deviation channel. This explanation hopefully will give you a deeper appreciation of the merits of the std dev ...

Diversified Trend Trading Approach

Thanks for the update on USDCAD pakeha. I will keep a close eye out on Thursday. With regards to your suggestion to consider GBPJPY, I have been thinking about this and will probably soon expand the portfolio as I have a good handle on the 24 pairs ...

Diversified Trend Trading Approach

A bit of trade management for the day. CADJPY is now 2.5R in profit. Adjust std dev channel to 0.5 width to narrow band and reduce potential to leave profit on the table. image

Diversified Trend Trading Approach

Hasta la vista ASX200 :-( Close on touch of std dev channel. Note the progressive trailing stop from entry associated with the upper channel (for a short) defined in yellow of the std deviation channel of 1.0. image The ASX200 now reverts to D1 on ...

Diversified Trend Trading Approach

Much obliged kind sir. A much needed confidence booster. Second guessing yourself is something I excel at :-)

Diversified Trend Trading Approach

Hi pakeha On the D1 'wait and see' charts I set predictive breakout lines (green dotted horizontal lines) based on simply a visual take on zones of clear blue sky a sufficient distance from the current price for a D1 trend to emerge. They may ...

Diversified Trend Trading Approach

Ok you now have my interest. Based on your posts I thought there was a bit of a physicist in you. Sean Carroll is a high calibre physicist who keeps away from any 'woo'. His pop science writings are always a good read. If you are interested and ...

Quantitative and Algorithmic Trading

Thanks for the update on the fundamentals pakeha. It's good to know, and why working in teams with diverse skill sets has significant advantages in this game. I don't have much room to move unless Monday brings some joy in UJ, otherwise it's likely ...

Diversified Trend Trading Approach

Thanks pakeha The approach seems to give good room to breathe for a trend but there will be times where you rue the day and wish you had drawn trendlines in the traditional manner to manage the trade...but *most* of the time it is generous. ...

Diversified Trend Trading Approach

That's great to hear pakeha. A similar principle is applied to Bollinger Bands and the COG indicator but when you become familiar with this indicator, it has considerable power and extracts significant important information relating to the power of ...

Diversified Trend Trading Approach

Great illustration Blackeagle. I was being a strategy nazi in obeying the principle that I would only consider strict step downs such as those that occurred after 1 and before 2 in your examples. What is occurring at 1 is a trend reversal effect ...

Diversified Trend Trading Approach