Hi Vijidas, I know what you mean ad I think that can actually be said for trading in general. Looking at the chart you presented I would say the it is clearly in a down trend on that time frame. The chart is making lower highs and lower lows, so I ...

Trend Following - A Complete Guide

Hi Stevexyg, No problem what so ever. I would say that it is more an end of day routine with regards to the actual real analysis. I look at the candles at about 9-10pm GMT as this is also around the NY close. In all honesty it doesn't take that long ...

Trend Following - A Complete Guide

Hi Brenzaj42, It seems you are a seasoned pro at this too. Please feel free to add your comments whereever you feel necassary and don't worry about hijacking the thread, it is a public forum, so it is for everyone :-)

Trend Following - A Complete Guide

Hi Vany, Unfortunately there is no way to avoid losses. It is a cost of doing business. However you size of your stop loss should not have any bearing on your risk for a trade. You just need to alter your position sizes accordingly. So 100pips can ...

Trend Following - A Complete Guide

More to come but before that... — Greetings One and All, I still have more to present about my approach but before I do I will try to answer a few questions that have arisen thus far.

Trend Following - A Complete Guide

Candlesticks — People use candlesticks in many ways, I am not going to try and give an in depth candlestick course here as there wouldn't be enough time or space in this thread and it could literally be and indeed is a course all by itself, ...

Trend Following - A Complete Guide

News is an interesting one. Certainly if you are trading shorter timeframes it is going to have an effect and is something that you should be wary of, but on the longer term stuff you pay less attention to it. Of course you use common sense and if ...

Trend Following - A Complete Guide

Sorry and in answer to everyone elses comments, yes I will certainly post charts etc to give you live examples, but first I want to get the approach and philosophy down so that we are all on the same page and when you look at the charts you know ...

Trend Following - A Complete Guide

Hi Vijidas, You are correct about the timeframe as you can have different trends on different timeframes. I think the most important thing is to understand this and know where you are in the bigger picture at all times. So if you are trading the 4 ...

Trend Following - A Complete Guide

Fibonacci — OK so we have already discussed support and resistance in its most basic form. Now I want to speak about another form of support and resistance - Fibonacci retracements. These are also levels where we would expect price to react, ...

Trend Following - A Complete Guide

Using Support and Resistance — Now another known fact is that a previous level of support can become resistance in the future as can a previous level of resistance become support at some point in the future. This single piece of information ...

Trend Following - A Complete Guide

Support and Resistance — Support and Resistance is for me the most powerful tool any trader can have. It shows you exactly who is or has been in control at particular areas on the chart. For the reason you also know that 8 times out of ten ...

Trend Following - A Complete Guide

Back Later — OK so that should be enough to get us started. I will come back later to post more about the approach. If you have any questions please feel free to ask.

Trend Following - A Complete Guide

As easy as 1-2-3 — The pattern shown in the chart above is also known as a 1-2-3 reversal pattern or an ABC reversal. The name really doesn't matter, what matters is being able to identify the pattern as this pattern is not just going to be ...

Trend Following - A Complete Guide

A Chart is Worth a Thousand Words — This is an example from the EUR/USD chart for this year (2010). I have highlighted to points "A" & "B". A. In this instance if you go back on the chart you will see that price had made been trending upwards ...

Trend Following - A Complete Guide

Early Trend Entry — I think it is fair to say that the widely accepted definition of a trend is a series of higher highs and higher lows in an uptrend and a series of lower highs and lower lows in a downtrend. There it is logical to say that a ...

Trend Following - A Complete Guide

Hi Again, Thanks Custos I think we are definitely on the same page here. Shiko, I understand exactly what you are saying, but I really want to caution you against a few things. 1: Don't rely on other peoples results or backtested data. Only once you ...

Trend Trading All Pairs

Hi Everyone, I hope you don't mind me jumping in here and giving my 2 cents. I haven't been a contributor on this thread, nor have I even been on this forum for quite a while but I was browsing the other day and this thread really caucght my eye. ...

Trend Trading All Pairs

Yep i know, the NFP will be interesting! But the further it falls, the cheaper it will be

USD/JPY Discussion