Looking for trend following ideas


  • 2
  • feng456
  • 11-Jul-2011 at 11:27 PM
  • Rep: 994
  • Posts: 340
Anybody wanna throw out some ideas for trend following strategies? Anything remotely sensible is welcome. In return I will test out whatever I choose and share the results.
  • 2
  • PAUL9
  • 12-Jul-2011 at 6:25 AM
  • Rep: 14.9k
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what kind of time horizon for holding the trade?

minutes?

hourly swings?

a couple of days?

the rest of your life?
  • 0
  • feng456
  • 12-Jul-2011 at 9:19 AM
  • Rep: 994
  • Posts: 340
Originally posted by PAUL9

what kind of time horizon for holding the trade?

minutes?

hourly swings?

a couple of days?

the rest of your life?


intraday
  • 3
  • Katrix1982
  • 12-Jul-2011 at 9:41 AM
  • Rep: 40
  • Posts: 3
Hi,
How about a very simple one to start.
This can work for long or short on the ES 5min chart.

Short setup:
Price is below the 50ma, pulls up and touches the 50ma, you enter short when the price goes down one tick below the candle that touched the 50ma, if multiple candles touch the 50ma then use the most recent candle.

Candle highs have to touch the 50ma, and shouldn't close above it.
If you have 2 candles close above the 50ma, exit the trade.


long setup:
do the opposite of short setup







Click image for original size
short setup for 50ma
  • 0
  • feng456
  • 12-Jul-2011 at 12:09 PM
  • Rep: 994
  • Posts: 340
Originally posted by Katrix1982

Hi,
How about a very simple one to start.
This can work for long or short on the ES 5min chart.

Short setup:
Price is below the 50ma, pulls up and touches the 50ma, you enter short when the price goes down one tick below the candle that touched the 50ma, if multiple candles touch the 50ma then use the most recent candle.

Candle highs have to touch the 50ma, and shouldn't close above it.
If you have 2 candles close above the 50ma, exit the trade.


long setup:
do the opposite of short setup





I've pm'd you about my findings. Please confirm.
  • 2
  • staylor455
  • 12-Jul-2011 at 12:17 PM
  • Rep: 967
  • Posts: 117
Charter Joe did a MA Magic thread a few weeks ago, I've been using it some & it works great on the 5 min. Like everything else it works best if you watch a 30 min or hourly chart to get an idea what the trend has been for the past day or so or is it choppy sideways congestion. Read Charter Joe's MA Magic thread would be my suggestion.
  • 2
  • myptofvu
  • 12-Jul-2011 at 3:33 PM
  • Rep: 2,018
  • Posts: 666
On trend days I dont change my trades, I change the way I trade them.

For example: Uptrend, I ignore my short setups

Also I change my money management by leaving 1 runner all the while I'm still taking trades.

Trade Management and Sense go allot further than any chart setup.
myptofvu: How do you know if it's a trend day or not?
  • 0
  • leob
  • 13-Jul-2011 at 8:58 AM
  • Rep: 533
  • Posts: 57
  • 0
  • leob
  • 13-Jul-2011 at 9:06 AM
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  • Posts: 57
  • 1
  • myptofvu
  • 13-Jul-2011 at 9:14 AM
  • Rep: 2,018
  • Posts: 666
Originally posted by day trading

myptofvu: How do you know if it's a trend day or not?

When I get my ass kicked going against it.

Strong trend days are not that frequent and pretty easy to spot.
  • 0
  • PAUL9
  • 20-Jul-2011 at 9:39 AM
  • Rep: 14.9k
  • Posts: 1,170
"
It's not for everyone though. That approach does tend to have a high percentage of losing trades. Gotta give respect to the turtle traders for not worrying about any of that.
"


Yeah, it's a lot easier when it's someone else's money.
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