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Trend Runner

  • #221
  • May 13, 2013 11:19pm May 13, 2013 11:19pm
Quoting ilzalama
{quote} Hey gaia68, LOL... It's no problem. That is why we are all here. In this particular shot we are discussing the EUR/USD. As you know I did not take that trade because I chickened out . {image} This is what would have happened had I taken that trade. Long @ 1.30920 Initial SL 1.29920 The arrow is pointing at a candle with high of 1.3120 which was only 28 pips. The next tag shows were 30 pips was reached. But after that candle, which had a high of 1.31853 which is over 90 pips. So at the close of that candle I would have had a +9 secured....
Hi,



what I understood from your thread I think your entry strategy is candle close above support and resistance or super trendline and break out candle high to low distance should be more that 30 pips? am I correct?

if that is true then above screenshot how you are 9 pips in profit.Because after that 90 pips candle closed(which is break out candle of support resistance) you are entering the trade?
  • #222
  • May 14, 2013 1:43am May 14, 2013 1:43am
Quoting bedayan
{quote} Hi, what I understood from your thread I think your entry strategy is candle close above support and resistance or super trendline and break out candle high to low distance should be more that 30 pips? am I correct? if that is true then above screenshot how you are 9 pips in profit.Because after that 90 pips candle closed(which is break out candle of support resistance) you are entering the trade?
Hi Bedayan, please accept my explanation. From what I read:
- 30 pips is not the size of a candle. It is the room, the "free space" ILZ wants to see to legitimate a reentry, between entry point and visible resistance.
- he waits for a candle to close to be sure if the signal and then he enters the trade, that is in the next candle.
I suggest: take all the time you need to read again all the pages and you will understand, it's well explained!
  • #223
  • May 14, 2013 2:09am May 14, 2013 2:09am
Quoting ilzalama
{quote} EVERYONE PLEASE READ H..... I have showed this method to a few colleagues. Some of them liked my MM method, some did not. One of them uses PSARs, I believe his settings are Step 0.02, Maximum 0.2. I actually liked that one but just stuck with mine because it works. He is comfortable with that, I am comfortable with mine. My buddy uses automated Trailing Stops. .... -ILZ
Hi Ilz, I am sorry if I am disturbing the thread by going away from the main subject, which is your trading method. I was undecided wether to keep silent, or to send you a PM, but in the end I think it's better that everybody sees, when you spend your time to answer questions, so many can learn!

I am very interested in this couple: Supertrend and PSAR, which I also tried to implement. I'd need a big help: may I ask you if you have, briefly, other suggestions about it?
I suppose one enters the trade when Supertrend-PSAR give the same signal, and exits when they do not "agree".
But I feel that using it so simply and plainly it is not good enough. The Psar - which I like beacuse it's also very direct, like Supertrend - apparently generates many "false" signals compared to SUPERTREND even when the market is trending. And SAR and SUPERTREND have similar problems when the market is not trending.
  • #224
  • May 14, 2013 3:06am May 14, 2013 3:06am
Trade Update

Short AUD/USD @1.01881 Current Stop 1.00058. +182.3 Secured

Long EUR/JPY @131.193. Current Stop 131.509. +31.6 Secured

Short EUR/USD @ 1.29990. Current Stop @ 1.30290

GBP/JPY - NOTHING

GBP/USD - NOTHING

USD/CAD - NOTHING

USD/CHF - NOTHING

USD/JPY - NOTHING

Gold - NOTHING

-ILZ
“Control, control, you must learn control!” - Yoda
  • #225
  • May 14, 2013 3:37am May 14, 2013 3:37am
Quoting gaia68
{quote} Hi Ilz, I am sorry if I am disturbing the thread by going away from the main subject, which is your trading method. I was undecided wether to keep silent, or to send you a PM, but in the end I think it's better that everybody sees, when you spend your time to answer questions, so many can learn! I am very interested in this couple: Supertrend and PSAR, which I also tried to implement. I'd need a big help: may I ask you if you have, briefly, other suggestions about it? I suppose one enters the trade when Supertrend-PSAR give the same signal,...
Hey gaia,

No need to apologize. Please, how else will you learn?

So my friend Patrick is the one who uses the PSAR method of Money Management. I asked him if he could write it out for me. This is a copy paste from Skype:

" ExPat: The basic philosophy of trading Ilz trend runner stays the same. He chooses to use support and resistance as a method for controlling and managing his trades. I see nothing wrong that. I choose to use the Parabolic Stop and Reverse. It is what I am comfortable with. I have been using them for years in my futures and commodities trading history.

I better get to it. Ilz always says I talk to much. ( He does, but it's not always boring -ILZ )

It is actually very simple. Price closes above/below ST, SMA 200 & PSAR is above/below, take the trade. I do use Ilz 30 pip +3 rule. I then use a 25% rule. I trail my stop by moving my stop to 25% of the new highs of each candle close. For example im up 50 pips after candle 1 closes, I move my stop BE+12.5. You get the idea. If at any point PSAR changes direction, I close the trade. If it closes across ST, I close. If it closes across sma 200 i close.

Its almost the same as Ilz. Oh yea, also if anytime the PSAR is higher then my current stop, I move there.

Now leave me alone....

"

Hope that helps you Gaia.

-ILZ
“Control, control, you must learn control!” - Yoda
  • #226
  • May 14, 2013 4:39am May 14, 2013 4:39am
Hi ILZ,

Are my charts similar to yours this was my re-entry of aussie trade after 1st stop out
Attached Image (click to enlarge)
Click to Enlarge Name: 14-05-2013 10-33-52 aud usd.png Size: 18 KB
  • #227
  • May 14, 2013 4:45am May 14, 2013 4:45am
hi ILZ

my NZD USD
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd 14-05-2013 10-33-52.png Size: 15 KB
  • #228
  • May 14, 2013 4:47am May 14, 2013 4:47am
ignore the nzdusd chart i am resending it
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd 14-05-2013 10-33-52.png Size: 18 KB
  • #229
  • May 14, 2013 4:51am May 14, 2013 4:51am
hi Ilz

my gbp usd
Attached Image
  • #230
  • May 14, 2013 4:54am May 14, 2013 4:54am
Hi ILZ 'the master'

Please have a look at my charts and please see if you think there was something i did wrong in my entries

I have also gone short euro , after the news

my entry is around 1.2990 and my stop is 1.3035 , where on fxpro barry drew a resistance at 1.3025
  • #231
  • May 14, 2013 6:41am May 14, 2013 6:41am
Thank you ILZ
Thank you Patrick

Is Patricks' initial stop given by the PSAR (or eventually by the Suptrend, if this is closer than the PSAR)?
Thank you once more guys
  • #232
  • May 14, 2013 8:45am May 14, 2013 8:45am
ILZ...few questions

1. You re-entered EURUSD where the yellow arrow is, correct?
2. Why did you place Stop Loss at 1.3029 and not at previous R+3 1.3054(where checkmark is)?
Attached Image (click to enlarge)
Click to Enlarge Name: oanda - metatrader.png Size: 198 KB
  • #233
  • May 14, 2013 8:49am May 14, 2013 8:49am
Just veryfying if USDJPY is a valid trade on the yellow arrow with Stop loss under the R(yellow checkmark)
Attached Image (click to enlarge)
Click to Enlarge Name: oanda - metatrader1.png Size: 198 KB
  • #234
  • May 14, 2013 6:14pm May 14, 2013 6:14pm
Trade Update ( 1PM PST Candle)

Short AUD/USD @1.01881 Current Stop 0.99408. +247.3 Secured

Long EUR/JPY @131.193. Current Stop 131.509. +31.6 Secured

Short EUR/USD @ 1.29990. Current Stop @ 1.29920 +7.0 Secured

GBP/JPY - NOTHING

Short GBP/USD @ 1.52234. Current Stop @ 1.53333

Long USD/CAD @ 1.01725. Current Stop @ 1.01290

Long USD/CHF @0.96554. Current Stop @ 0.95554

Long USD/JPY @ 102.286. Current Stop @ 101.286

Gold - NOTHING

-ILZ
“Control, control, you must learn control!” - Yoda
  • #235
  • May 14, 2013 6:17pm May 14, 2013 6:17pm
Quoting ashtrader
Hi ILZ, Are my charts similar to yours this was my re-entry of aussie trade after 1st stop out {image}
hey Ash,

Proper entry. Looks like you secured some pips!



-ILZ
“Control, control, you must learn control!” - Yoda
  • #236
  • May 14, 2013 6:19pm May 14, 2013 6:19pm
Quoting ashtrader
hi ILZ my NZD USD {image}
Hey Ash,

I do not see your entry point, but that would have been a good trade.



-ILZ
“Control, control, you must learn control!” - Yoda
  • #237
  • May 14, 2013 6:20pm May 14, 2013 6:20pm
Quoting ashtrader
ignore the nzdusd chart i am resending it {image}
Perfect Ash,

looks like you got the hang of it.

-ILZ
“Control, control, you must learn control!” - Yoda
  • #238
  • May 14, 2013 6:20pm May 14, 2013 6:20pm
Quoting ashtrader
hi Ilz my gbp usd {image}
As long as you do not take a lose, it is a good trade.

Keep up the good work.

-ILZ
“Control, control, you must learn control!” - Yoda
  • #239
  • May 14, 2013 6:22pm May 14, 2013 6:22pm
Quoting ashtrader
Hi ILZ 'the master' Please have a look at my charts and please see if you think there was something i did wrong in my entries I have also gone short euro , after the news my entry is around 1.2990 and my stop is 1.3035 , where on fxpro barry drew a resistance at 1.3025
That's is only 9 pip difference from my entry. There you have it.

-ILZ
“Control, control, you must learn control!” - Yoda
  • #240
  • May 14, 2013 6:23pm May 14, 2013 6:23pm
Quoting gaia68
Thank you ILZ Thank you Patrick Is Patricks' initial stop given by the PSAR (or eventually by the Suptrend, if this is closer than the PSAR)? Thank you once more guys
Hey gaia,

He uses the PSAR. Not a 100 like me. Where ever the PSAR is is his initial SL.

-ILZ
“Control, control, you must learn control!” - Yoda
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