Hey all, I know I'm late to the game here, but I like this thread. I've most recently been trading Bill Williams Chaos, which is a great trend following system that advocates pyramiding your positions, but I think it is often unecessarily complex. ...

Peaks and Valleys (Trading Naked)

Hey, how's everybody doing during this unwind? Just trading the GJ, I'm in a 30% DD right now. I'm starting to spread my average in entries to 400 pips or so to limit the damage. The Pound is in bad shape and could drop a lot more. How about you ...

Super Carry Trade Trading System

Glen, Thanks. You are absolutely right, I had gotten Scottie's mixed in there. I like Scottie's method; it's just a little too 'hands on' for my time constraints. Anyway, five stars from me too. Cheers, Richard

Super Carry Trade Trading System

What the..... — OK, so.......I have to admit that all this time I have had this wrong. I was initially entering my market order with no take profit and putting TP's on all my stop orders in the ladder. I assumed the benefit was that when in an ...

Super Carry Trade Trading System

Dreamliner, Good to hear from you, and thanks again for your excellent method. I have been testing the method using the GBPJPY and NZDUSD. My results so far in about two months of testing have been about 6% per month, just as you have experienced. ...

Super Carry Trade Trading System

Hi, I too, have been watching and waiting for some activity here. I was just about ready to post something when all this started, so I'll go ahead anyway. I mentioned earlier that I don't often enter on divergent bars. Well, go figure, I'm in two ...

Chaos

BenQ and all, I'm wondering how you're progressing in developing the ideal basket of pairs to trade this? Right now, I'm demoing the GBPJPY and NZDUSD, and just using original rules except for a 100 pip average in for the Kiwi, which of course is in ...

Super Carry Trade Trading System

Thanks thunderwolf, that did the trick. Hey Folastevo, I think to upload files you have to have a minimum number of posts. I'm not sure how many, maybe 25 or 50. Anybody know for sure? Cheers, Richard

How To Effectively Trade In Both Range And Trending Market By A Single Method

Nice looking strategy. I have a couple of questions. I'm not really getting the use of the RSI for entries. You said to enter when the Value line of RSI moves above RSI Trend Line, but I can't really see it in your examples. The exits seem clear ...

How To Effectively Trade In Both Range And Trending Market By A Single Method

OK, please remember this is just my interpretation of this. Some of these guys around here have taken the full course; I haven't even read all of the books! But I do trade this live successfully. So to answer your questions..... 1) Yes and no. No ...

Chaos

Since moving to dailys I haven't changed much. I start with fractal stops and use them as much as possible, but I find the five bar stop useful for protecting profit on a sharp move up or down. Sometimes I'll also use the alligator lines depending ...

Chaos

Hi, I haven't been around here much lately, but I wanted to respond to this, RCWSO. Being that this is by and large a trend following system, the percentage of losers to winners will be somewhat higher than a 20 pip scalping type of system. I would ...

Chaos

BenQ, I downloaded Oanda's platform just to try this method and I like it a lot, so much so I'm probably going to move a small account from MBT over just to trade this exclusively. The unit sizing they have allows for almost any size trade you want, ...

Super Carry Trade Trading System

Thanks Walt, Yes, it does make sense. Earlier in the thread Scottie proposed a similar action, but uses a more hands on approach. Some one else (it might have been you) mentioned it was similar to Dirk DuToit's Bird Watching. I like this approach ...

Super Carry Trade Trading System

I have a question for those who are trading the original Dreamliner rules. Does anybody ever set limit orders for the average in entries, the ones where you place a market order 200 pips below the current average? Yes, I know they are supposed to be ...

Super Carry Trade Trading System

Nice job on the chart Arcus. I think it illustrates the best parts of the system, including being in the trade when the break occurs, and adding in to the move. I have a question about this chart. Your numbers are a bit confusing to me. The smaller ...

Chaos

Thanks, everything helps with regard to my understanding of EW. I'm still curious to see if anyone has or is familiar with Williams' EO indicator. Cheers, Richard

Chaos

Hi everyone, In the process of reading Bill William' book "New Trading Dimensions" I have run across something called an EO which is briefly described as "a proprietary method of counting the Elliott Wave". I know some of you guys here have his ...

Chaos

I am using 5 pips for the 4 hour entries, and 10 for the daily. I know that a lot of times you do get chopped up in the up and down waiting for the breakout. I think the key to the system is keeping your initial entry small, then adding to you ...

Chaos

Thanks. Whew, I'm glad that settles it! On to the next system. image

Super Carry Trade Trading System