NJ - short again — post 274 explains why i persisted with the NJ IB despite a weaker trending chart....this in mind i'll be trailing stops slightly tighter than standard Kelvin. Good trading.

PTT Method (Profitable Trend Trading) in Forex

See post #10 re stoploss.

PTT Method (Profitable Trend Trading) in Forex

Good points. Of course, the EMA(50) becomes more or less redundant if zooming out that far, but i take your point ...and as i said, i had recognised that this wasn't an 'ideal' trending setup, but the demand level from March strikes me as a ...

PTT Method (Profitable Trend Trading) in Forex

NJ - update — ..stopped out for -30. Short order reset at same level. The chart hopefully shows why i'm shooting at this one, despite not being as smoothly trending as i'd like.

PTT Method (Profitable Trend Trading) in Forex

CAD/JPY - short — ...this cross is currently battling with the strong demand level printed back in March (see circle on chart), i'll give the short a go if offered.

PTT Method (Profitable Trend Trading) in Forex

NJ - short — ..missed the entry yesterday, but just in on the retrace.

PTT Method (Profitable Trend Trading) in Forex

Agreed, good point.

PTT Method (Profitable Trend Trading) in Forex

UJ — I use Oanda for charting as well as execution and as the daily candle close is 5am (UK), the only signal i had today was for a UJ short.

PTT Method (Profitable Trend Trading) in Forex

Thanks for the indi.

PTT Method (Profitable Trend Trading) in Forex

Good points!, flyer415. Thanks.

PTT Method (Profitable Trend Trading) in Forex

I'm with you on this, Alto. I've tweaked Kelvin's exit rules to suit my style, but the essence of his method is intact. For example, the trades i posted taken on the 8th are now closed for +620 pips, which included two 30 pip losing trades. I'm now ...

PTT Method (Profitable Trend Trading) in Forex

Trades update (KelvinM) — NZD/JPY and USD/JPY stopped out overnight. NJ for +10 and UJ -30 pips. I'm trailing stops on the open trades using 15min S/R now.

PTT Method (Profitable Trend Trading) in Forex

Trades update (Kelvin) — ..so tempting to close some of these

PTT Method (Profitable Trend Trading) in Forex

Trade update (as per Kelvin) — ...things have kicked off across some of the pending orders as well as the 2 EUR trades from yesterday, so hopefully by the end of the day the stoplosses can be moved to lock in some profit but still at a ...

PTT Method (Profitable Trend Trading) in Forex

Kelvin addressed some key issues when opening this thread. I asked you yesterday to show evidence of the positive expectancy your method has, otherwise your method will not benefit anyone long term.

PTT Method (Profitable Trend Trading) in Forex

Agreed, Behman8850 don't take this the wrong way but you'd be better off providing your signals of your method in your own thread.

PTT Method (Profitable Trend Trading) in Forex

Gold — ...might also signal long tonight. I won't be trading it.

PTT Method (Profitable Trend Trading) in Forex

Daily update - Trades & Orders — 1st pic, trades entered today. 2nd pic, pending orders. Good trading.

PTT Method (Profitable Trend Trading) in Forex

I'll be sticking with Kelvin's rules for my own forward test. I doubt a 1:1 risk/reward, taking any IB has a +ve expectancy, but would like to see your stats proving that this assumption is incorrect....good luck.

PTT Method (Profitable Trend Trading) in Forex

Do you use the 30 pip stoploss?

PTT Method (Profitable Trend Trading) in Forex