GBP/CAD long (1hr) — ...just watching this atm, i like the last 1hr bullish candle and the fib confluence. Would be another great R:R trade if it materialises. I'm waiting for more confirmation above the 50 psych level before entering. (NB: i ...

Buy sell line trading

...the missing ingredient for that setup candle was strength of bullish momentum. All the other retracements toward the MA were kick started back into the prevailing trend with much better bullish candles and momentum, circled on your chart.

Buy sell line trading

I'd say it's one of the weaker trending options, it wouldn't make my list at the moment...that's not to say it won't take off like a rocket! Just personal preference given the info the chart gives now.

Buy sell line trading

Would you mind posting your chart for this one....we might be able to learn something from that particular setup bar/candle. As an exaggerated example, assuming this EUR/AUD long setup candle had triggered a long, why wouldn't it have been a good ...

Buy sell line trading

CJ Short...from yesterday — ...and yesterday's CJ short has just hit target. Great R:R. I like the way this gets you in on the stronger 3rd wave moves. Once again 60MM, many thanks.

Buy sell line trading

EU short — Many thanks 60minuteman for bringing this strat to our attention. I'm testing it at the moment on the hrly using a basic fib to catch the higher probability outside candle setups....move to b/e at 1:1 and then all off at the 38.2 ...

Buy sell line trading

Indeed. In fact, the more i look at this, the more i find the indicators detract from what many of us (newbies) should really be focusing on. Next week, i'll strip the indies away and just observe the trend and price action around the pivots.

Extreme TMA System

...i've also misinterpreted the slope rule. So, in the current EU 15min example, Rule 1: Bearish Trend - SHORTS only Rule 2: Waiting for price to cross the upper TMA band Rule 3: Enter short when TMA Slope prints falling slope values

Extreme TMA System

Yes, this is correct as i understand the rules, but i get the feeling we will never see the TMA slope in the 'right' direction for a green or red setup because of the repaint issue? TMA appears to follow the direction of price at the right edge of ...

Extreme TMA System

Here's a current screenshot of 15min EU which indicates a grey buy. According to the definition you posted last night, a grey buy should have a ranging slope...but clearly the slope is trending atm?..

Extreme TMA System

Grey buy on EU now for example (across MTFs); according to definition TMA should be ranging, clearly it isn't..perhaps Crodzilla could shed some light on it..

Extreme TMA System

...has anyone seen a red or green setup so far today?...i haven't.

Extreme TMA System

CAD/JPY - short — ...i still have a UJ short pending to test any breakdown of the extensive range seen on that chart. Today i've noticed CAD/JPY might trigger a sell from yesterday's IB, so i have a pending order from 74.166 (Oanda chart). The ...

PTT Method (Profitable Trend Trading) in Forex

It's interesting to read thoughts on how tweaks to Kelvin's ideas might suit individual preferences, afterall this is Kelvin's preferred style and isn't for everyone. In my experience, it's easy to make what we think are small tweaks to a method ...

PTT Method (Profitable Trend Trading) in Forex

No worries, i don't use autochartist. I like the way you use the other MAs as well as the EMA(50). Good trading.

PTT Method (Profitable Trend Trading) in Forex

UJ — I've been watching UJ for some time now as it hugs the bottom (daily chart) - does anyone else see the huge descending triangle/wedge in play?...i have an order in short now to test the theory, lots of daily IBs to get in from in recent ...

PTT Method (Profitable Trend Trading) in Forex

As a trade progresses I use the 15min to look out for reversals (typically 123s), but not just any old reversal. If i see a reversal forming at a strong demand/supply level, regardless of pip count at that stage, i'll move the stoploss to 10 pips ...

PTT Method (Profitable Trend Trading) in Forex

i've only been forward testing since 6th Sept (across 16 pairs): Win Rate: 52% Consec W = 4 Consec L = 5 Largest W = 300 pips Largest L = 70 pips (order error!), usually max 34 pip stop. G/L = 12.5% I don't use the Kelvin exit of trailing behind ...

PTT Method (Profitable Trend Trading) in Forex

EG — ...not a classic Kelvin but i like the channel it's in and the rejection of the MA and upper channel line. I know it won't be for everyone, but for me it's worth a punt short, from the 27th Sept IB (Oanda), to test the lower line of the ...

PTT Method (Profitable Trend Trading) in Forex

If it were me and i saw price ranging around a 2nd attempt on the same IB, i'd pass on it. If however, the 1st IB stoploss was taken out on a retrace to support/resistance, which then gets rejected and price heads once again to the IB breakout, i'd ...

PTT Method (Profitable Trend Trading) in Forex