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Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Trend retrace system trade entry

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

 

trend retracement.jpga

 

 

 

casey.jpga

 

Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

Trade going nicely in direction , stop moved to 12119

 

trade in profit.jpg

Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

this trade broke down and 

 

It went 16 ticks in profit  then reversed

 

trend choppy.jpg

Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

opened option trade

 

trend rtr opt.jpg

Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

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.

 

Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

traded option spread on dow trend retracement 

 

bought call first  later sold higher call

 

trend option spread.jpg

Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

another trend retrace on dow

 

dow trend rtr.jpg

Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

option trade still open on eur usd

 

looking for bigger profits

 

euro.jpg

Valued Contributor
Posts: 767
Registered: ‎21-03-2016

profitable Trend retrace system trade entry

very nice trade 

 

euro tr rtr.jpg

 

 

Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: profitable Trend retrace system trade entry

worth being cautious  

 

Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: profitable Trend retrace system trade entry

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

 

call option fx.jpgeuro.jpg

Respected Contributor
Posts: 1,598
Registered: ‎10-03-2016

Re: profitable Trend retrace system trade entry

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

*** Intraday Price Action Scalping on FX Majors ***
Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: profitable Trend retrace system trade entry

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.Smiley LOLSmiley LOL

 

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

 

casey wplonku.jpgretacement.jpg

retraces to ma

dow tre rtr2.jpgeur usd trend retra.jpgftse trend retracement.jpgtr rtr oil.jpg

Respected Contributor
Posts: 1,598
Registered: ‎10-03-2016

Re: profitable Trend retrace system trade entry

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

*** Intraday Price Action Scalping on FX Majors ***
Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Trend retrace system trade entry

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.

Respected Contributor
Posts: 1,598
Registered: ‎10-03-2016

Re: Trend retrace system trade entry

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'. 

*** Intraday Price Action Scalping on FX Majors ***
Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

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.

 

 

 

 

Respected Contributor
Posts: 1,598
Registered: ‎10-03-2016

Re: Trend retrace system trade entry

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

 

*** Intraday Price Action Scalping on FX Majors ***
Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

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

Respected Contributor
Posts: 1,598
Registered: ‎10-03-2016

Re: Trend retrace system trade entry

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.

*** Intraday Price Action Scalping on FX Majors ***
Occasional Contributor
Posts: 42
Registered: 4 weeks ago

Re: Trend retrace system trade entry

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.
Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

[ Edited ]

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.

Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

tr rtr 5  min.jpg

Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

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

 

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

Occasional Contributor
Posts: 42
Registered: 4 weeks ago

Re: Trend retrace system trade entry

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.
Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

[ Edited ]

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

 trend.jpg

 

Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

Entered an option trade

 

stop mot hunted.jpg

Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

It is profitable again

set and forget profit.jpg

 

 

 

Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

4 th retracement

 

tr rtr.jpg

Occasional Contributor
Posts: 42
Registered: 4 weeks ago

Re: Trend retrace system trade entry

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?
Valued Contributor
Posts: 767
Registered: ‎21-03-2016

Re: Trend retrace system trade entry

Cash trading arouses psychological demons, the price may breakdown, hit your stop and move without the trader.Traders then end up revenge trading, adding to positions and increasing position sizes to recover the stop loss losses.That is how the mind works in trading.I don't wan't any of that.

 

My secret for success is options, they give you enough time for your trade to materialize.I decided to close cash, just in case market becomes choppy and breaks down.I am  always trying to manage my trading  psychology, so I do not arouse psychological demons.

 

Most of the educational scammers claim psychology is not involved in trading, they don't trade they pretend to trade, how would they know anything about experiences of a real trader?I am explaining to you the real psychology  behind trades.