Thread: When Price is UP, buy when Price is Down, sell short...

Hello friends and traders,

taking a look at the name above, the natural question following it will. . .How ???

That is what I wish to answer here in this thread by using words and images that in my opinion, I feel adequately and accurately communicate my trading strategy which has produced consistent results.

Nothing to prove here, I know it works. Will there be declines? Yes. If you're trying to find the holy grail, I discovered it. . .please do so when u are alone. . .stand before a mirror with your eyes shut, open them. . .who do u see ? yourself ? It's not yourself, what u see is only a reflection of your self... want to argue the point? yes ? . . .ok, move your left hand... that hand at the mirror is moving? Your left hand or can it be the perfect hand? The point...? . . .it's not the physical self in the mirror, but just a reflection of you so the point I am trying to get across is this. . .in virtually all instances in trading, our success or lack of success is directly or indirectly about the picture we have of ourselves... that I can't help u with but I can provide u the tools to be successful, how you're going to use it and whether you're thinking in its own longterm achievement, is entirely within your believe system. So, sort out yourself before u need to sort the markets outside. To incur a reduction or string of losses are part of trading, take that fact and we are on our way to trading maturity. . .enough of the philosophical rant. I wish everybody that is willing to provide this method/s a move, the very best of achievement, positive growth and contentment.

Photographs are an essential part of grasping the bolts and nuts of the technique, so anticipate 100's of them...an image speaks a thousand words. . .we fantasy concerning images, if u recall something from memory, its a picture or sound we recall, so without much ado, lets roll... The method: vogue after the egy: analyse the longer term timeframe but enter on the time period o ! Nearly forgot, I will attach a LIVE trade explorer for this particular thread...u talk your talk, today walk your talk cousin.

PS1: I wanted to open this thread at the Interactive Trading Forum segment but one has to be a medium impact member in order to do so. The reason that I wanted it to be there is because we'll be actively trading fx pairs rather than just discussing exits and entry, but I assume this forum is going to do.
PS:2: this is going to be the longest verbal article, and thus don't get frustrated.

Originally Posted by ;

So:- Is there some particular reason why you've settled on using just the direction of the previous bar of the longer timeframe to the ascertain directional bias?

Sunshine, any reason for shift in Bias strategy from Last High/Low split to last Postive/Negative bar in High TF to ascertain trend?

Is your new way able to ch fad change faster or old way place too much pips on the table?

Usd/Jpy trade:-

Weekly prejudice was up H4 prejudice was upward.

I tried multiple entries on this one.
One at the close of the signal bar plus two pending orders:
One above
One below.
All were activated

4 hours after I got worried so reduced position by closing one trade at some pips profit. I allow another two run for a while:
1 for 100 pips
1 for 160 pips

Originally Posted by ;

quote Sunshine, any motive for change from Bias strategy from Last High/Low split to continue Postive/Negative bar in High TF to determine trend? Is the new way able to ch trend change old or faster way place too much pips on the table?

Hello compro99,

I'm not really understanding your query but let me try and clarify from that which I do understand...

(I) TREND TRADING:all trades are in direction of HT pub near. Trend-trading refers to the price signal that's given in the HT and then followed in LT. in trend-trading our trading bias is extended (buy) if M D=uP. The close of the final bar in the greater Timeframe (HT) determines our trading bias in the corresponding Lower Timeframe (LT). Case in point: if we state M D=uP, that means that the HT closed uP, in other words, last month November shut upward. So therefore in December we will look for Bullish Reversal Bar ( brb) to enter extended... in which interval will the entry signal seem??? ... from the LT that in this example is the Daily timeframe. Again, afinal Month closed uP. bvisit Daily and if the previous day or two are down closes then await an uP bar to complete, after an upday completed then this is the entry buy signal... this we call, Trading using the Trend.
(ii) Counter-Trend Trading:: all trades are reverse to HT bias.
Counter-trend trading denotes the price signals that's restricted to the LT, which in this illustration is the Daily tf. In ct trading our trading bias is short if M D=uP so when price keeps on moving up but then price closes at or under its Last Minute Low (LSL), this is the entry signal for a short trade which now reaches our counter-trend trade.

Originally Posted by ;

Usd/Jpy trade:- Weekly bias was up H4 bias was up. I tried multiple entries . One in the close of the sign bar and two pending orders: One above One below. All were triggered 4 hours after I got nervous so reduced position by shutting one trade in a few pips profit. I let another two run for some time: 1 for 100 pips 1 for 160 pips picture

excellent trading

I really do urge that in the event of multiple entries that you should consider the following; 1 trade to be: profit goal to equivalent stop loss PT=SL, another trade: SL=PT (2xSL), that's... the PT is twice the SL, another trade: to move SL up to below the low of the previous bar and keep on doing this until stopped-out or a change signal finishes, Edit: the following trade: PT= ADR, significance, enter this PT equivalent to the Average Daily Range of say, the previous 6 weeks. Lastly, if you go into a trade, then think about that trade a loss... this will relieve the psychological stress and anguish and force u to trade with comfortable trade size and most of all, your mind shall stay uncluttered and clear to concentrate on the next sign.

Originally Posted by ;

quote excellent trading I do urge that in case of multiple entrances that you should consider the following; one trade to be: profit target to equal stop reduction PT=SL, yet another trade: SL=PT (2xSL), that's... that the PT is twice the SL, yet another transaction: to transfer SL manually up to below the low of the last bar and keep on doing this till stopped-out or a reversal signal finishes, Edit: another transaction: PT= ADR, meaning, input this PT equal to the Average Daily Range of say, the last 6 months. Lastly, if you enter into a transaction, then...

Thank you for your input advice Sunshine.
I find I lack the confidence to let a trade run so take profit when it's there, but I can see how that may be assisted by your last bit of advice:-

You stated , if you enter into a trade, then consider that trade a reduction... this will relieve the psychological stress and anguish and force you to trade with comfortable trade dimensions and most importantly, your thoughts shall stay clear and uncluttered to focus on the following signal.

I shall have a fantastic re-think about article 384 where you mentioned previously.

Hi Sunshine,

Thanks for your own trading platform.

Do you exchange on live account? If so, since how long do you exchange with this system?

What is your trade figures?

If anybody is still reading this thread, I suggest you have a fantastic careful look at posts 756 757 plus the illustrations at 761 762.

This is a trend following system which by definition supposes price will continue at the direction of the trend.
This is the way I translate the posts mentioned above:-

About the monthly line chart,
- Mark the last swing low last swing high.
- If price closes over the last swing high we have a long term uptrend in place.
- If price closes below the last swing low we have a long term down trend set up.

About the monthly bar/candle chart,
- If the last pub closed up, the more recent monthly prejudice is upward.
- If the last bar closed down, the more recent monthly prejudice is down.

What does this tell us about the future direction of price? Nothing for certain, however if the major (monthly) tendency is upward the (monthly) prejudice is upward, the probability is that price will likely continue to go up. In the event the principal trend is upward the prejudice is down, the probability is that price will continue down for some time then resume the uptrend. This helps to decide how long to hold a trade for (how much weight you put on the fad verses the prejudice is an individual choice based on your understanding of the chart/pair fundamentals but Sunshine seems to place additional weight on the last bar prejudice ).

On the daily line chart, mark the last swing low final swing high.
- If price closes over the last swing high, the short term (daily) tendency is upward.
- If price closes below the last swing low, the short term (daily) tendency is down.

Entrance on daily bar/candle charts:
1/- Set a buy entrance when price closes over the last swing high.
2/- Set a sell entry when price closes below the last swing low.
3/- If your entry is to be in the direction of the bigger (monthly) interval, input after a reversal bar in the path of their monthly trend/bias (regardless of where price is in connection to the last swing high/low on the daily chart).
I.e.-
- If the monthly direction/bias is upward, enter a bullish reversal bar on the daily chart.
- If the monthly direction/bias is down, enter a bearish reversal bar on the daily chart.
- (A reversal bar is merely a pub that moves (closes) in the opposite direction of their previous bar/s.)

If your trade is counter to the monthly fad and/or bias, it's best to get out if price moves 1-3 pubs in your favour.
If your trade is with the monthly fad and/or bias, it's best to hold the transaction add to it once you get what Sunshine calls a free money signal. (Again, exactly how much weight you put on the tendency verses the prejudice is an individual decision based on your understanding of the chart/pair).

Definition of free cash signals (on a daily bar/candle chart),
- In a down trend, the high of the current bar is greater than the preceding bars high shuts down (a bearish pub ). Input after the close of the current bar.
- In an uptrend, the low of the current bar is lower compared to the preceding bars low closes up (a bullish bar). Input after the close of the current bar.

Sunshine, if this is incorrect please let me know.

The monthly line and candle cleared my comprehension

Line for candle and trend for bias.

Sunshine
Start reading your thread. There are valuable tips. I have few question. I won't ask it today. I am able to read all post then I will ask question.
Thank you for the contribution brother.
God bless you