Good old Aussie ASX200 is bearish at the moment. image Here is the H1 entry graph. image

Diversified Trend Trading Approach

Almost closed out of the trade at 20 Nov 2014 at 14:00 but still alive to tell the tale. Note that we haven't looked at a short before so I have defined R on this chart to get you familiar with where the stop is placed. It is the exact reverse ...

Diversified Trend Trading Approach

GBPUSD has allowed for numerous short trades since 15 Jul 2014. Here is the current trade. The Daily Chart. Note where the green dotted line is placed for a continuance of the trend. image Now onto H1 for the entry.

Diversified Trend Trading Approach

Here we go on H1. image You are probably getting the jist of long trades. We have some short trades now coming up.

Diversified Trend Trading Approach

Now to CADJPY. Once again this currency pair has been on a great trend and I have taken numerous bites on this cherry with a significant win result on one of them. The preceding trade was entered on 11/11/2014 at 07:00 GMT+1 but a glance of the ...

Diversified Trend Trading Approach

Entry was taken when the Donchian on H1 was breached with a new high signalling a breakout in the direction of the Daily Trend. A standard deviation channel was then drawn from a prior significant low (or swing low) the the bar immediately preceding ...

Diversified Trend Trading Approach

Starting with AUDJPY. Note that this is the second trade undertaken on this trend as the prior trade which commenced on 23 October was closed out in profit following a breach of the 0.5 std dev channel. Anyway, following the prior trade close this ...

Diversified Trend Trading Approach

Hi again I thought I would commence running a trade journal with updates hopefully everyday to get those interested into the swing of things. I will therefore give a synopsis of current live trades and their entry conditions and then update the ...

Diversified Trend Trading Approach

Hi mkfx - Trade time for the backtest and Chart time is GMT+1. Regards Copernicus

Diversified Trend Trading Approach

Hi mkfx Please find attached backtest history. Note that Trade Capital Account is $200K for this backtest. All profit is taken off the table and not re-invested. No account compounding. Note also that some trades are still active hence no close ...

Diversified Trend Trading Approach

As with all trend trading approaches the intent is the same, to get into the trade once a trend is confirmed and let the profits run. The use of the standard deviation channels however is for trade management purposes predominantly, to validate that ...

Diversified Trend Trading Approach

The chart setup is crucial to the strategy. I hate missing an opportunity so trades can be executed at any time at all hours. Comprehensive alerts are therefore critical to the strategy. For many of you a 24/5 lifestyle is out of the question but a ...

Diversified Trend Trading Approach

The reason why I refer to this as a diversified approach is that I trade 24 instruments. The principle behind this is to only trade significant trends yet assist in achieving a regularity of income stream. The consistency of income and minimal ...

Diversified Trend Trading Approach

We are currently deep in profit with no sign the trend will end. Note that this is a spectacular trend so don't think this will happen all the time. As you can see however we do not have a profit target with this strategy as we let the profits run ...

Diversified Trend Trading Approach

The trade is progressing well and is deep in profit at approximately 2.5R. At this point redraw the standard deviation channel with 0.5 width to narrow the band. image The next chart will display where we are at currently deep in profit.

Diversified Trend Trading Approach

In a long trade, as new highs occur, redraw the standard deviation channel (every time a new high occurs) from the commencement of the trend to take in the new data (refer to chart example below). The converse for a short trade. Keep in mind that ...

Diversified Trend Trading Approach

Having established that a well defined trend using the std dev channel was in place using daily chart (above) then drill into H1 chart to redraw trend on H1 and wait for Donchian breakout (40 period). Note that I entered before the green horizontal ...

Diversified Trend Trading Approach

I will use a nice long trend that I am currently riding now as an example which is the USDJPY. I have taken two bites at this trend but the following example defines the most recent trade example which I am still riding. Note that trends of this ...

Diversified Trend Trading Approach

Ta 60minuteman, will do.

The DIBS Method... No Free Lunch continues