Trend retrace system trade entry

[Guest oilfxpro]

I have just place a trade on Eurusd using the trend retrace strategy

 

You can get detailed strategy here:

 

https://profitabletraders.wordpress.com/trend-retrace-strategy/

 

 

The trend retrace strategy  enters trades, after a trend has been established on the 4 hour and daily charts.The trade is entered after a retrace in the trend.I usually use a small stop below the last low, in an uptrend.

This is a live trade , it can breakdown, nothing is certain.More images below with videos

 

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[Guest oilfxpro]

Trade going nicely in direction , stop moved to 12119

 

[Guest oilfxpro]

this trade broke down and 

 

It went 16 ticks in profit  then reversed

 

[Guest oilfxpro]

opened option trade

 

[Guest oilfxpro]

What is a Retracement?

A retracement is simply a short-term reversal in the trend, a pullback in an uptrend or a rally in a downtrend.

The market rarely moves higher or lower in a straight line. After a market has made an initial push, we often see a reversal, a retracement in price. Given the frequency of this occurrence we are able to get into the market at this retracement level and take part in the larger move.

 

Forex is not good for trend trading, good on trendy instruments.Euro does not want to trend.

 

[Guest oilfxpro]

traded option spread on dow trend retracement 

 

bought call first  later sold higher call

 

[Guest oilfxpro]

another trend retrace on dow

 

[Guest oilfxpro]

option trade still open on eur usd

 

looking for bigger profits

 

[Guest oilfxpro]

very nice trade 

 

 

 

[Guest oilfxpro]

worth being cautious  

 

[Guest oilfxpro]

Yesterday's Euro trade made 55  ticks on the original call, but it was stopped out for  a loss of 2 ticks when it broke down.

 

The second option trade made 30 Ticks

 

[Caseynotes]

You have included the word 'profitable' in the title while offering no statistical analysis to back the claim. Clearly spurious.

[Guest oilfxpro]

I  have been trading them for years.In this thread I showed three trade able profitable opportunities  

 

You can see their retraces and subsequent forward thrusts.They work and make profit , more times than not  for me.People like you will screw up, when they get opportunities, like you screwed up on Dax. You were advised others to go  short when it was a trend retracement.It is the blind leading the newer blind to forex.If somebody of your status screwed up, think how many new traders will screw up.:smileylol::smileylol:

 

You guys don't need to attack my threads to screw up , the new traders will screw up anyway, by following the blind.Below are examples of trend retracements long term on DOW, EUR USD, DAX AND FTSE

 

retraces to ma

[Caseynotes]

3 trades are statistically insignificant and therefore inappropriate cause to add the adjective 'profitable' amend the title immediately.

[Guest oilfxpro]

For me it is profitable, as per images provided on Dax, Dow, Ftse,Oil and eurusd..

 

As you are getting jealous of profitable traders, I have amended this post.

[Caseynotes]

Your claims are unsubstantiated and spurious. You fall into the same category as most flyby forum pundits, make big claims then fail to provide any backup stats because by then we have already moved onto yet another 'system'. 

[Guest oilfxpro]

These are very old systems, I have used in the past and currently only trade , when there is an opportunity.You talk nonsense, I don't change, I still use old strategies.

 

 

 

 

[Caseynotes]

Which is why, after 2 years, you are still working with a 'self confessed' £1000 account.

 

[Guest oilfxpro]

With a small account ,I can get exciting returns, like 20 to 30 % a week.

[Caseynotes]

Percentage works the same for any account size, but realistically all these 'successful systems' have not actually increased your account size at all over the last 2 years.

[Situation]

If you are posting your trades to help other traders then you should add your entry, stop loss and target point so we can see what your aim is. Also, why did you think that was a retracement on eurusd? Would be helpful to know what you are thinking and why.

 

If it's just to document your trades then that's fine we don't need the above details.

 

If you can make 20-30% on a small account, then you'll be able to make it on a large account. When you are confident with the strategy and are trading larger sizes then it'll give others the confidence to follow and ask you more questions. Well done on the options trade.

[Guest oilfxpro]

Situation

 

If you read the trade post ,the first post, the trade has a stop on the account image at 1.2114 , entry 12121 .The image also shows this.

 

This is a trend breakout, then a minor retrace on 5 min charts.

[Guest oilfxpro]

[Guest oilfxpro]

I just posted this strategy , it shows how I place stops.

 

https://profitabletraders.wordpress.com/professional-tick-chart-strategy/

[Situation]

Sorry about that but because I trade off my mobile I can't see any figures off the charts posted by anyone so I can't see what time, entries or exits. That's why I normally ask what time frame etc.

[Guest oilfxpro]

another entry , but I  don't trade forex regularly, so  I won't take it.

 

 

[Guest oilfxpro]

Entered an option trade

 

[Guest oilfxpro]

It is profitable again

 

 

 

[Guest oilfxpro]

4 th retracement

 

[Situation]

Can you explain what trade you did on eurusd above. You went long but then bought a daily call. Why did you not just keep your long position on?

 

Where is the call trade option on the ig platform?