I'm A Trend Follower - Forex Forum

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Arnaud
post Jul 2 2008, 7:55
Post


Hello,
I think the best way to win on forex is to follow the trends. I prefer not to take any position rather than playing a reverse.
A good trend is given by moving averages on daily and hourly charts. No more indicators needed.
My motto is "keep it simple, stupid"
designerD
post Jul 3 2008, 2:36
Post


QUOTE (Arnaud Jeulin @ Jul 2 2008, 2:55) *
A good trend is given by moving averages on daily and hourly charts. No more indicators needed.
My motto is "keep it simple, stupid"


...and the wisdom to remember that!
mataf_wiseman.gif
cable
post Jul 3 2008, 16:12
Post


QUOTE (Arnaud Jeulin @ Jul 2 2008, 14:55) *
Hello,
I think the best way to win on forex is to follow the trends. I prefer not to take any position rather than playing a reverse.
A good trend is given by moving averages on daily and hourly charts. No more indicators needed.
My motto is "keep it simple, stupid"


great,i think so
adekunle
post Jul 4 2008, 7:20
Post


pls are there going to be any technical signals today.cos of the independence day

whn next is the next update
Arnaud
post Jul 4 2008, 7:27
Post


analysis are online
adekunle
post Jul 4 2008, 10:53
Post


pls i just want to knw how many times you update your tecnicals in a day is it twicw if it is pls what time and wht time.I knw of 5.30gmt but what other time.
thanks and keep up the good work

pls i just want to knw how many times you update your tecnicals in a day is it twicw if it is pls what time and wht time.I knw of 5.30gmt but what other time.
thanks and keep up the good work
Arnaud
post Jul 4 2008, 12:36
Post


I try to update every day at 5:30gmt and 12:00gmt. Just before the european an US sessions.
ewatakeoka
post Jul 11 2008, 0:52
Post


QUOTE (Arnaud Jeulin @ Jul 4 2008, 20:36) *
I try to update every day at 5:30gmt and 12:00gmt. Just before the european an US sessions.

unsure.gif What time in Japan it will be?
designerD
post Jul 11 2008, 1:09
Post


QUOTE (ewatakeoka @ Jul 10 2008, 19:52) *
unsure.gif What time in Japan it will be?

ewatakeoka, this link will take you to qclock which is a free time zones clock which you can set for virtually any group of cities. Or, just click on the time/date on you puter's task bar then open the time zones and click on GMT. That will change your computer clock to GMT. Count the hours of difference from where you are to GMT and you've got it. (Don't forget to change your 'puter clock back or you'll be late/early for work! laugh.gif
http://www.qlock.com

ewatakeoka
post Jul 13 2008, 14:29
Post


[quote name='designerD' date='Jul 11 2008, 9:09' post='19047']
ewatakeoka, this link will take you to qclock which is a free time zones clock which you can set for virtually any group of cities. Or, just click on the time/date on you puter's task bar then open the time zones and click on GMT. That will change your computer clock to GMT. Count the hours of difference from where you are to GMT and you've got it. (Don't forget to change your 'puter clock back or you'll be late/early for work! laugh.gif
http://www.qlock.com
[/quot
Paradox
post Oct 2 2008, 9:22
Post


QUOTE (designerD @ Jul 11 2008, 9:09) *
ewatakeoka, this link will take you to qclock which is a free time zones clock which you can set for virtually any group of cities. Or, just click on the time/date on you puter's task bar then open the time zones and click on GMT. That will change your computer clock to GMT. Count the hours of difference from where you are to GMT and you've got it. (Don't forget to change your 'puter clock back or you'll be late/early for work! laugh.gif
http://www.qlock.com


I use this clock. It can display many different time zones, I have London, New York and Tokyo. It's called Perfect Clock Trader Edition. cool.gif
Arnaud
post Oct 2 2008, 11:23
Post


I have just added a clock at the top of each page (excepted in the forum)
frederik
post Oct 20 2008, 20:42
Post


QUOTE (Arnaud Jeulin @ Jul 2 2008, 7:55) *
Hello,
I think the best way to win on forex is to follow the trends. I prefer not to take any position rather than playing a reverse.
A good trend is given by moving averages on daily and hourly charts. No more indicators needed.
My motto is "keep it simple, stupid"


Which moving averages are you using and on which charts, hourly and daily?

How do you use them, can you explain that a little bit?

You say, you don't use any indicators, but still you always refer to your trend indicator, bollinge bands and sto indicator.

I'm confused
Arnaud
post Oct 21 2008, 5:29
Post


I use exponential moving average (EMA). 50- and 100-period EMAs.
I use them as support/resistance.

When I look at a chart I see if the price is in a trend or not, I do not need the indicators. I use them to illustrate my analysis, I think it's more clear for the readers.
frederik
post Oct 21 2008, 5:53
Post


QUOTE (Arnaud Jeulin @ Oct 21 2008, 5:29) *
I use exponential moving average (EMA). 50- and 100-period EMAs.
I use them as support/resistance.

When I look at a chart I see if the price is in a trend or not, I do not need the indicators. I use them to illustrate my analysis, I think it's more clear for the readers.


Thanks for answer smile.gif

How do you use these EMA's, because they are different fot 1H, 4H and daily?

Arnaud
post Oct 21 2008, 7:09
Post


An example with EURUSD
Attached Image


Of course it works with a lot of EMA (75, 80, 150....) But I work with 50 and 100 since many years smile.gif
frederik
post Oct 21 2008, 9:41
Post


QUOTE (Arnaud Jeulin @ Oct 21 2008, 7:09) *
An example with EURUSD


Of course it works with a lot of EMA (75, 80, 150....) But I work with 50 and 100 since many years smile.gif


Thanks again smile.gif

I'm learning a lot here.

I see that the 50EMA is an strong resistance with EURUSD.

But maybe i didn't ask the question good.

What i wanted to say, is that for instance the 50EMA is different for daily, 4H and 1H?

Daily: 1.4325
4H: 1.3587
1H:1.3401

How do you approach this in your trade?

This post has been edited by frederik: Oct 21 2008, 9:48
Arnaud
post Oct 21 2008, 10:02
Post


Currently the price is 1.3220. I only use the 50-hours Ema. Daily and 4h are not relevant now.

I think the moving average are good support/resistance when the price consolidate and the volatility is low (Bollinger bands flat and tight). If the price hit the EMA when the volatility is high, I'm not really confident.

On the chart above the entry points on the 4hours and 1 hour chart are almost perfect but the daily chart is more dangerous
frederik
post Oct 21 2008, 10:15
Post


QUOTE (Arnaud Jeulin @ Oct 21 2008, 10:02) *
Currently the price is 1.3220. I only use the 50-hours Ema. Daily and 4h are not relevant now.

I think the moving average are good support/resistance when the price consolidate and the volatility is low (Bollinger bands flat and tight). If the price hit the EMA when the volatility is high, I'm not really confident.

On the chart above the entry points on the 4hours and 1 hour chart are almost perfect but the daily chart is more dangerous


This makes sense

How did you get this Bandwith (20,2), i understand maybe it is the bandwith from the bollinger bands, but how they you get this on your chart, did you write this, because on Metatrader i can't find it?

This bandwith gives a good look about the volatility.

Like the title say, the trend is important, but also the reversals, do you also anticipate on that and how if i may ask.

Thanks
Arnaud
post Oct 21 2008, 10:31
Post


Yes it's the bandwith from the bollinger bands. It's an indicator in Prorealtime, I don't know if there is the same in Metatrader

I only play the reversal on 1 hour chart when the daily or 4 hours chart are in a range. If I have the same trend on daily, 4 hours and 1 hour then I don't play the reversal.
Ulysse
post Oct 21 2008, 10:36
Post


Citation (frederik @ Oct 21 2008, 10:15) *
This makes sense

How did you get this Bandwith (20,2), i understand maybe it is the bandwith from the bollinger bands, but how they you get this on your chart, did you write this, because on Metatrader i can't find it?

This bandwith gives a good look about the volatility.

Like the title say, the trend is important, but also the reversals, do you also anticipate on that and how if i may ask.

Thanks



if 50 ema and 100 ema are used , a (50;2,1) and (100;2,1) band width should have sense
Arnaud
post Oct 21 2008, 10:59
Post


You're right Ulysse. I never tried before
frederik
post Oct 21 2008, 12:04
Post


QUOTE (Arnaud Jeulin @ Oct 21 2008, 10:31) *
Yes it's the bandwith from the bollinger bands. It's an indicator in Prorealtime, I don't know if there is the same in Metatrader

I only play the reversal on 1 hour chart when the daily or 4 hours chart are in a range. If I have the same trend on daily, 4 hours and 1 hour then I don't play the reversal.


thnks

QUOTE (Ulysse @ Oct 21 2008, 10:36) *
if 50 ema and 100 ema are used , a (50;2,1) and (100;2,1) band width should have sense


@Ulysse,

Do you have these as bandwith on Metatrader?

thnks
flyersummer
post Oct 23 2008, 15:22
Post


QUOTE (Arnaud Jeulin @ Jul 2 2008, 14:55) *
Hello,
I think the best way to win on forex is to follow the trends. I prefer not to take any position rather than playing a reverse.
A good trend is given by moving averages on daily and hourly charts. No more indicators needed.
My motto is "keep it simple, stupid"


i tend to agree with you.
then do u do scalping? smile.gif
Arnaud
post Oct 23 2008, 15:25
Post


QUOTE (flyersummer @ Oct 23 2008, 15:22) *
then do u do scalping?

No. I can't win with scalping

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