Trend Runner

Quoting dwvelarde

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Hi ilzalama, I like your system because you explained it clearly and it's easy to understand visually. I also like the simplicty of your MM and how you handle SLs. Thanks. It is what works for me and my lifestyle. Have you tried this on the daily charts? Yes, I did some back & forward testing. The results, if I remember correctly, were not to bad. However, that TF is just to slow for me. What parameters would you suggest modifying if this method is used on the daily? (e.g....

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Quoting dwvelarde

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Hi ilzalama, I like your system because you explained it clearly and it's easy to understand visually. I also like the simplicty of your MM and how you handle SLs. Have you tried this on the daily charts? What parameters would you suggest modifying if this method is used on the daily? (e.g. Do I still use the 200 MA? Do I still BE+3 after 30 pips? etc.) Thanks in advance.

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Quoting jako2

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Hi ilzalama. After winning 30, the SL +3. Even if the nearest SR loss?

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Quoting ilzalama

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{quote} hey jako2, I am not sure I really understand your question. However, no matter were S&R is, if price moves +30 in my favor, I move to BE +3. if I get taken out I just wait for another signal. -ILZ

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Quoting gaia68

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Hi ILZ Question: did u ever consider in your money management method, the idea of taking a part of the profit (example sell half position) when you are at a certain gain? That's what I normally do, and I let the rest go until the trailing stop takes me. it is true that it's a pity to sell if the gain continues streight, but as we do not know what may happen and it may retrace (it normally does after a peak), I like to secure part of the gain. Do you think it's better to keep the whole position? Did you try the other method too?

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Quoting ashtrader

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Hi Ilz, Firstly well done on your last weeks results . Sorry there was a hoiliday yesterday in uk, but forex never sleeps lol I noticed on cable your stop was not a 100 pips when you initiated the trade also usdcad was only about 30 pips . Just wanted to know why you didnt go with your normal 100 pips

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Quoting ilzalama

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Trade Update Short AUD/USD @ 1.02803 Current Stop 1.02573. +23.0 Secured EUR/JPY - NOTHING EUR/USD - NOTHING GBP/JPY - NOTHING GBP/USD - NOTHING - Long GBP/USD @ 1.55432. Manual Close @1.55272 - 16.0 Lost USD/CAD - NOTHING - Short USD/CAD @ 1.00645. Manual Close @ 1.00763. - 11.8 Lost USD/CHF - NOTHING USD/JPY - NOTHING Gold - NOTHING -ILZ

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Quoting games130

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hey Ilz, For USDCHF there is a signal for long right? {image}

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Quoting gaia68

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I like the attitude and the concept. BUT: how can we avoid getting stuck into a non trending period? I have the feeling that ckecking S and R is not enough. You can go over a resistance and then slump back into congestion. See for example attached immage: I use Supertrend and the 89EMA (= the green line), the two tell me - combined - which way to trade. But with this stock I'd have caught many bad trades in a row, and only in March 2012 I could have said "that stock was definitely not trending" and "we are now out of the congestion"! {image}...

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Quoting PIPer

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{quote} {image} Hi Ilzalama, If you don't mind me asking, can you please explain how you have secured 23 pips on your AUD/USD short trade. I'm am asking this because at the time i'm writing this, the lowest low the pair has made is at 1.01646 and that is roughly 116 pips from your entry point. So shouldn't you have secured only 11 to 12 pips? Thanks in advance.

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Quoting ilzalama

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{quote} Hey PIPer, {image} You are right, but as you can see from the pic I provided, I have a S&R line that is @ 1.02540. Following the method rules, I move my stop to the next established S&R line. Since this trade is a short, I place my stop 3 pips above the line making it 1.02573 ( I added the .3 pips to make it a round number, dont ask me why I do it sometimes and not every time). So when you do the math you get: Entry 1.02803 - current stop 1.02573 = +23.0 -ILZ

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Quoting PIPer

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{quote} Thank you for that prompt reply and for bringing to my attention that after achieving BE+3 you move your stop to above a new established S&R line. Somehow i missed that particularity when i read the trading rules. Thanks again for your help. All the best.

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Quoting Erebus

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{quote} Can't really see which currency on that chart? 2 suggestions: 1. Use the longer SMA as recommended by thread starter, to gauge better the main trending 2. Take only 1 lose trade in each direction; then place a line at the very high & low of that range, wait for the breakout Hope that helps

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