The finest in trend trading

Thanks for the tip kockneerebel

Best Regards,
Matt Jones .

Here it is…

See the attachments. :slight_smile: :slight_smile:

THE ULTIMATE CANDLESTICK TRADING METHOD - 2 Levels.pdf (1.76 MB)

I would rather have the cooler weather. :smiley:

Our beaches just roast you!! :frowning:

Perth has the highest skin cancer rate in the world. :eek:

Now I will post a few more trades to show how the GMMA works together with the MMACD.

I am going to keep the trades short so that I can zoom in to both the entries and exits.
(if I take a longer trade, the close-ups will not fit on the screen).

When I post the computer code for the MMACD, you will be able to see much longer trades for yourself. :slight_smile:

Here is a 20 minute chart trade of EURO/USD >>>

[B]E = entry
X = exit.

Profit = 77 pips.[/B]

A 40 minute chart of going short in the Cable >>>

Profit = 223 pips.

hi tymen,
would you point where is to place the stop order ?

And now, a daily chart of AUD/USD going long.

The trade is well zoomed out so I have posted the entry and exit separately below this one >>>


The entry >>>

The exit >>>

A nine month trade?

Or would one T/P and renter once in a while?

2008 pips -look for aud/usd price. its up to you if you want to reenter.

but I would ask - if I have missed the start. where would be good position to enter?
do I have to use 12H timeframe to enter with MMACD in case I’ve missed day timeframe entry?

you can get second account and trade on sudtrends! that what I would do!

I don’t know.
I don’t do trades that long - but some people might!! :stuck_out_tongue:

The point here is that I am showing an example and choosing all different time frames to show that these indicators work in all timeframes.

Now I made a big blunder with the pips so I removed and edited the charts.
[B]They are correct now.[/B] :slight_smile:

Or take a different timeframe and do a different trade altogether. :slight_smile: :wink:

There are heaps of these all the time!!

Another Golden thread from Tymen ! :smiley:

tymen, can you answer my question about stop order please

This is an important matter I now need to address.

Plus a 2nd important matter that is clearly brought up in the chart below >>>

We make a total of 18 pips profit in 45 days in this trade!! :stuck_out_tongue:

There is a real problem here - that is simply not good enough!! :frowning: :frowning:

it must be retracement of the big price movement? " IS the price resting?"

The 2nd matter is one of the trade being very inefficient.

This will become a major problem as we go on and, therefore, I am going to devote a whole topic to improving the trade efficiency!! :slight_smile:

The matter of stop loss will be answered now…

Look at the following chart.
Examine it carefully - you will need time to digest it >>>

Here we see the blue MMACD line crossing the zero line frequently and in doing so, shutting down the trade.

Each time it crosses we have to change our position.

We start short.
Then the line crosses up and we end our short and go long!!
Then the line crosses down and we end our long and go short!!
We finally end up going long again only to make about 10 pips profit before going short again!!

Each time we end up swapping position we lose pips.
The pip losses are shown in red each time.

Yeeeeuk!! :eek:

So what do we do and how do we set a stop loss? :confused:

A trade I am considering at this moment, going short AUD/USD.
Note: No MMACD signal but hopefully butting into the trend instead.
Ideally i would enter at 0.8940 as my money management system has a 20pip SL, which would have me stop out at 0.8960 which is a bit above the red/slow EMAs. This would have me likely stop out only if the trend was changing (supposedly) and not just on retracements.

However waiting for the close of the 1hr candle to make a decision and see if it breaks the current 8 candle upward trend on close.

Sorry tymen for interrupted you. Just my first teacher forced me to measure price impulses and retracment the for 5 previous years. He said that after this I can understand something in the market.
I’ll be quiet.