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

Hi Blackeagle Have a very close look at the chart if you can enlarge it. The very first cross actually has a little step up on the red line immediately prior to the breach. It's pretty hard to see but enough for me to avoid it........and remember ...

Diversified Trend Trading Approach

A Donchian Channel as you have discussed simply traces the highest high (blue line) or lowest low (pink line) of price action in the period range we have selected (40 bars). When we are looking for long opportunities, we focus on the blue line for a ...

Diversified Trend Trading Approach

Many thanks for your words of support bassramy. It's great to have an experienced trend trader on board. Unfortunately I committed to USDCAD too late in execution and did not wait till the retest. Your last post came to me too late to make me ...

Diversified Trend Trading Approach

Hi pakeha Can you please provide an example of your chart in question and we will go from there where I attempt to replicate what you have done in examples to troubleshoot. I have a live MT4 account as well as the IG markets chart platform I use ...

Diversified Trend Trading Approach

I will keep my fingers (and toes) crossed :-)

Diversified Trend Trading Approach

This strategy is all about Trading Sustainability for those seeking to trade for a living. To be clear, to trade for a living imposes significant further risk with respect to many alternative trading strategies seeking higher risk-reward (R:R). ...

Diversified Trend Trading Approach

Below is a visual representation of the trade status of the portfolio I watch. Trade details of active trades on this portfolio have already been discussed previously. image Those instruments that are in Watch and Wait status are as follows: ...

Diversified Trend Trading Approach

.....and all trends come to an end. Farewell EURJPY....it was nice knowing you :-( image My next post will be a weekly wrapup on the trade status of the portfolio.....and then I will get into that which can only be utterred in orcish tongue ...

Diversified Trend Trading Approach

A busy night. Another trade entry on USDCAD. D1 image H1 Entry Could have had a better entry on H1 with Donchian Breakout but so be it.........That's what happens when the alerts go off while you are scoffing some snacks and having a cuppa. :-( ...

Diversified Trend Trading Approach

A bit more to add Blackeagle. The more I think about it the more I believe the rationale for using D1 as a primary filter is as follows. Typically you could employ this strategy on H1 alone but inevitably you become cocky in presuming a trend is in ...

Diversified Trend Trading Approach

...also in DAX (2nd bite on this as well) D1 image H1 image

Diversified Trend Trading Approach

A bit of action following UK and Europe opening. A second bite at this cherry. DJI image ....and H1 image

Diversified Trend Trading Approach

About being patient and sticking to the strategy. Note how close I was to closing out this trade. What we call a bees proverbial!!!!!! :-) image

Diversified Trend Trading Approach

Hi Blackeagle Have a final check on your MT4 platform by selecting Insert - Channels - Standard Deviation. These sit underneath indicators as detailed in the screenshot below otherwise you will need help from an EA expert on this forum. image With ...

Diversified Trend Trading Approach