Going with the trend - my journey
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Thread: Going with the trend - my journey

  1. #1
    Hi ,

    within this thread I will something I seldom did in the past: Go with the trend.

    I will use the daily chart and trade breakouts which could grow to a trend. I will use simple higher highs / higher lows definition for an upward trend and vice versa for a downward trend.

    So that I will search for all those 1-2-3 patterns and set stop buy order over the price to go with the trend if it goes up. Cease is going to be the previous low/high. I will start with $1k:

    http://www.xaron.net/dl/fx/2010/renk...unt_021110.png

    the very first entry will have a size of 0.5:1 (therefore 500 units) and that I will add every 50 pips into this place with no TP. Secondly entrance will probably be half size of the initial one, 3rd entrance and following will be quarter size of the initial one, therefore:
    500 units, 250 units and then 125 units every 50 pips.

    Let's see how this develops.

    Connect to MyFXBook: http://www.myfxbook.com/members//trend/60752

  2. #2
    First orders:

    AUD/JPY:
    stop buy at 82.00
    Prevent sell at 78.00

    AUD/USD:
    stop buy at 1.0050
    stop sell at 0.9650

    EUR/GBP:
    stop buy at 0.8950
    stop sell at 0.8650

    EUR/USD:
    stop buy at 1.4200
    stop sell at 1.3650

    GBP/USD:
    stop buy at 1.6150
    stop sell at 1.5650

    USD/CAD:
    stop buy at 1.0400
    stop sell at 0.9950

    USD/CHF:
    stop buy at 1.0000

    USD/JPY:
    stop buy at 82.00

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