Whether you can or you can't, you are both right.
Trend Manager Trading System 153 replies
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Disliked{quote} Hi bear, it's great you've selected products which are trending well. But periods like these, markets tend to be quiet so i hope won't be surprised if you see your trades not moving as they should be. With regards to your charts, i could suggest removing those lines which are not required. Because with many lines like these, it makes it daunting to analyze your charts. And one thing is, during strong trending periods, price don't really pay much respect to SR levels. Some consideration here for you. {image} fartistIgnored
DislikedThis is one of the best threads on FF! Congrats and thanks for sharing your invaluable thoughts with us. {quote}Ignored
DislikedHi Rayner Lovely thread and I am following with much interest. Thanks for looking after everyone so well. You are doing a great service to the community of trend followers. :-)Ignored
DislikedHey gang, Have a look at the majors, they're respecting the value zone pretty well on the daily charts. Next would be choose the relatively weaker ones against the dollar to trade. Then find an entry to enter, that's what i'm looking at right now. fartistIgnored
DislikedHave a look at this 3 usd pairs i've chosen. Eurusd {image} Usdjpy {image} audusd {image} To me eurusd would be the relatively weaker pair as it has broken the swing low by a huge margin. Just look at the gap down, compared with au and usdjpy. That being said i will be looking to short eurusd. Next question, where? {image} Looking at the 4 hour, we see price respecting the 20ema. One could try short a retracement towards the 20ema (red line) or look to trade a breakout towards the downside. That's my thought process on how i would select a product...Ignored
DislikedHave a look at this 3 usd pairs i've chosen. Eurusd {image} Usdjpy {image} audusd {image} To me eurusd would be the relatively weaker pair as it has broken the swing low by a huge margin. Just look at the gap down, compared with au and usdjpy. That being said i will be looking to short eurusd. Next question, where? {image} Looking at the 4 hour, we see price respecting the 20ema. One could try short a retracement towards the 20ema (red line) or look to trade a breakout towards the downside. That's my thought process on how i would select a product...Ignored
DislikedHey Fartist! Thanks a lot for this system, i really appreciate this approach! It seems that this strategy is very well suited for me and my current work life (it is hard to trade short term with a day job ) I am currently in a few postitions, and want to know what you and the others on this thread think of it i went short on eur / usd on multiple occasions: The first was @1.2559 because the Daily broke the MA50 The next was @1.2209 because the H4 hit the MA20 and was at a level of support/resistance The third was @1.2159 because a level of...Ignored