Trading System Using Relative Strength-Part 2
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Thread: Trading System Using Relative Strength-Part 2

  1. #1
    To those interested in exploring ES Traders great way of using Relative Strength of Currencies:

    With all due regard to ES Trader, I'd love to invite all people who've contributed to this method and people who have a continuing interest in its own evolution to continue to explore.

    I'm by no means an expert in Forex but continue to research and learn daily. Recently a thread has been started here at FF by Beach Bum loed here: https://forexintuitive.com/forex-tra...940-kicks.htmlwhich has some fantastic postings by Pipsqueak on article #14, 39,41, 46 ForexHarry Number 42, 43, 81. There are also some discussions by Capitalist 88.

    Let's continue to learn as this procedure is, according to the Professionals, the closest we'll come to getting successful Retail Traders.

    Here is the link to the first thread by ES Trader: https://forexintuitive.com/forex-tra...ing-diary.html
    Here is another link with a different variation of this procedure, by Kang_Gun: https://forexintuitive.com/forex-tra...shell-sam.html
    Respectfully submitted,
    1Trader2
    AKA Trader 1 at different forums...

  2. #2
    Paris,

    Every trade is positive pips when I reverse! Now, in my three semester I have attained over $600!

    Mitch

  3. #3
    Quote Originally Posted by ;
    Paris,

    Every transaction is positive pips once I reverse! Over $600, I've attained all lasting less than an hour, in my last three semester now!

    Mitch
    There have to be instances when reversing is right, and it is easy to see why.

    A currency might have gained strength for a couple hours and be ready for a retrace. Trading at the direction of the strength will result in dd if the price retraces, so reversing is trading into the retrace.

    Spotting when the market is about to retrace are the secret to reversing. Does this call for eyeballing charts prior to putting transactions within the basket?

    Or, how are we over-compliing items? Shooting for 100 pips, I have not lost a basket commerce since discovering it utilizing the system of ES.

    It is a shame that Kris threw a hissy fit and took his bat and ball home. He shut himself off from some seriously clever and imaginative minds here In addition to cutting off the rest of us. I hope others will find this thread and keep the conversation going.

  4. #4
    Quote Originally Posted by ;
    To all those interested in exploring ES Traders great method of using Relative Power of Currencies:

    With all due respect to ES Trader, I'd love to invite all those who have contributed to the method and those who have a continuing interest in its evolution to continue to explore.

    I am by no means an authority in Forex but continue to study and find out daily. Recently a thread has been started here in FF by Beach Bum loed here: https://forexintuitive.com/forex-tra...a-trading.htmlthat has some excellent postings by Pipsqueak on post #14, 39,41, 46 ForexHarry Number 42, 43, 81. There are also some talks by Capitalist 88.

    Let us continue to find out as this method is, according to the Professionals, the closest we'll come to getting powerful Retail Traders.

    Respectfully submitted,
    1Trader2
    AKA Trader 1 in different forums...
    Count me in!!
    I think we can make this work in any market condition if most of us work together.
    I like the MTF suggestions and think they should be researched more.
    I also think that additional cash management methods must be discussed.

    Once again thanks to ES for opening the door for each of us I hope he comes back.

  5. #5
    hi guys,
    reverse? Possibly yes!
    An example.
    4H 1H

    Lubo


  6. #6
    Quote Originally Posted by ;
    Paris,

    Every trade is positive pips when I reverse! Now, more less than an hour, in my last three session, I've achieved over $600!

    Mitch
    Thats interesting mitch!! But tell us on what basis you decide whether you will go with the sign if you will reverse, or as is? Would you know what to do when?

    There's no method of speculating in advance before you choose the trade if trading in the suggested direction would work or if you should reverse and exchange the other way?

  7. #7
    Those who are investing in live/demo IBFX miniature what lot size do you use and the number of lots?

    Can anyone suggest an Appropriate SL and TP for this system? I had been thinking about a 50 pip stop but that seems rather tight.

  8. #8
    I have been using 4hr TF to reveal to fashion and using 15mins TF to perform entry. Tp 10 pips with no stop loss.

    I just enter once for every currency shown on the 4hr TF. Following 4hrs, wait for 15 mins, if the currency about the 15 mins TF flag the direction as in the 4hr TF, commerce together with 10 pips TP with no SL. Test it every 15 mins until u have exactly the same direction together with the four hrs and exchange it. Once the currency on the 4hr was traded cease trading and wait patiently for another 4hr.

    So, every 4 hr u will get 10pips * the number of currency exhibited. How good is that? Ibfx is being used by me. If this method works now (during range), then it is going to work even better in trending.

  9. #9
    Quote Originally Posted by ;
    Can anyone suggest an appropriate SL and TP for this system? I had been thinking about a 50 pip stop but that sounds rather tight.
    I have added a module to my commerce manager that allows me to treat the entire basket as if it were one commerce - sl, tp, trailing stop etc.. I am not sure yet the ts pattern is accurate; when I'm I will post it here.

  10. #10
    Quote Originally Posted by ;
    I have been utilizing 4hr TF to reveal to main fashion and utilizing 15mins TF to do entry. Tp 10 pips without a stop loss.

    I only enter once for each currency shown on the 4hr TF. Following 4hrs, wait for 15 mins, if the currency about the 15 mins TF flag the direction as in the TF, commerce together with 10 pips TP free of SL. Check it every 15 mins until u have exactly the exact same direction together with the four hrs and trade it. After the currency on the 4hr has been traded after, cease trading and wait for another 4hr.

    Thus, each 4 hr u will get 10pips * the number of currency exhibited. How great is that? I'm using ibfx. If this procedure works now (during range), then it will work much better at trending.
    Is that what or creative? I shall attempt this myself.

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