SpeedWealthBiz or SWB Trend Trading Strategy

[cubicrey]

Hi b.gunn,

 

The USD/CHF is currently short, even-though it hit the Reverse Stop Line 0.9860 yesterday, but the daily candle was closed at level 0.9850 which is still below the RSL after 23:59:59 yesterday..Yes, according to their rule no Stop Loss to be placed, the trade will only to be closed if the candle confirmed closed above the RSL at 00:00, no matter how far it is.

 

Cheers

 

R

[JasonKwok]

Hi Jason,

Can you see now, what is the effect of too close to the market and the fool by intraday market volatility. Be discipline......:) I knew u r jz kidding.

 

By the way there, I noted there r 52 times download of my "History Data Files". If you have any questions pls feel free to ask and participate. If you have attended their course kindly share with us your experience and give comments on my daily reports whether they r reported correctly or not :).

 

Cheers

 

R

 

I'm very discipline and put the stop loss at 0.9860 and IBFX was kind to fill my SL order....;-)

 

Missed that part which mentioned not to enter SL into the trade order. Exit only when a new brick with the opposite color is formed at the close of the daily candle.

 

Thanks.

[digitalman88]

I'm very discipline and put the stop loss at 0.9860 and IBFX was kind to fill my SL order....;-)

 

Missed that part which mentioned not to enter SL into the trade order. Exit only when a new brick with the opposite color is formed at the close of the daily candle.

 

Thanks.

 

This is fine if you have lock profits. If the trade is still not profit, you may lose more than 250 pips.

[cubicrey]

This is fine if you have lock profits. If the trade is still not profit, you may lose more than 250 pips.

 

this is cost incur to acquire a trend. sound silly to intraday traders. ;)

[JasonKwok]

This is fine if you have lock profits. If the trade is still not profit, you may lose more than 250 pips.

 

Regardless the number of pips for Stop Loss, the risk is still x% and losing the calculated amount of capital. In any trend following system, there may be several cuts (hitting SL) before we could ride the trend. MM is very important to ensure that we could survive long enough to ride the trend.

[digitalman88]

this is cost incur to acquire a trend. sound silly to intraday traders. ;)

 

i am also a trend trader on D1 and W1. I just tell the fact only.

[digitalman88]

Regardless the number of pips for Stop Loss, the risk is still x% and losing the calculated amount of capital. In any trend following system, there may be several cuts (hitting SL) before we could ride the trend. MM is very important to ensure that we could survive long enough to ride the trend.

 

Sufficient capital is also important. as this renko method is mechanical, you should take every signal because you don't know when is the big trend forming. this is also a challenge.

[JasonKwok]

Sufficient capital is also important. as this renko method is mechanical, you should take every signal because you don't know when is the big trend forming. this is also a challenge.

 

yes, you are absolutely right.

[cubicrey]

Hi,

 

 

 

Today Update

http://i630.photobucket.com/albums/uu24/cubicrey/2010Nov17.png

 

How not to be defeated by Market Uncertainty?

All the answers are already here in this thread.

[cubicrey]

Hi,

Today 2010 Nov 18, most probably no action, but check and confirm after 00:00

 

http://i630.photobucket.com/albums/uu24/cubicrey/2010Nov18.png

 

Cheers

 

R

[cubicrey]

Hi,

 

Friday Nov 19, may be another No Action day, pls check and confirm after 00:00 GMT+0.

 

http://i630.photobucket.com/albums/uu24/cubicrey/2010Nov19.png

 

Cheers

 

R

[cubicrey]

Hi,

 

Confirmed Actions for the coming Sunday Market Open

 

http://i630.photobucket.com/albums/uu24/cubicrey/2010Nov21.png

 

Cheers

 

R

[cubicrey]

Hi,

 

Possible action required on Monday

http://i630.photobucket.com/albums/uu24/cubicrey/2010Nov22_pre.png

 

If you have any questions feel free to ask.

 

============================================

 

Digitalman88,

 

How to check the currency correlation with this pair USD/CHF, would you trigger long if the signal above is confirmed on Monday?

 

My understanding is :

 

if USD/CHF is strengthening(up), USD/JPY is weakening(down) then CHF/JPY is moving down strongly(down down)

 

But how do u interpret and make decision with the following information.

http://i630.photobucket.com/albums/uu24/cubicrey/USDCHFUSDJPYCHFJPY_120days_19Nov10.png

http://i630.photobucket.com/albums/uu24/cubicrey/USDCHFUSDJPYCHFJPY_40days_19Nov10.png

http://i630.photobucket.com/albums/uu24/cubicrey/USDCHFUSDJPYCHFJPY_40and120days_19Nov10.png

 

and How do u determine the strength of "each" pair so that we know the particular pair is up or down or upup or downdown as shown in the picture below

http://i630.photobucket.com/albums/uu24/cubicrey/USDCHFUSDJPYCHFJPY_correl.png

 

Thanks in advance

 

R

[digitalman88]

where do you get these information?

 

Hi,

 

Possible action required on Monday

http://i630.photobucket.com/albums/uu24/cubicrey/2010Nov22_pre.png

 

If you have any questions feel free to ask.

 

============================================

 

Digitalman88,

 

How to check the currency correlation with this pair USD/CHF, would you trigger long if the signal above is confirmed on Monday?

 

My understanding is :

 

if USD/CHF is strengthening(up), USD/JPY is weakening(down) then CHF/JPY is moving down strongly(down down)

 

But how do u interpret and make decision with the following information.

http://i630.photobucket.com/albums/uu24/cubicrey/USDCHFUSDJPYCHFJPY_120days_19Nov10.png

http://i630.photobucket.com/albums/uu24/cubicrey/USDCHFUSDJPYCHFJPY_40days_19Nov10.png

http://i630.photobucket.com/albums/uu24/cubicrey/USDCHFUSDJPYCHFJPY_40and120days_19Nov10.png

 

and How do u determine the strength of "each" pair so that we know the particular pair is up or down or upup or downdown as shown in the picture below

http://i630.photobucket.com/albums/uu24/cubicrey/USDCHFUSDJPYCHFJPY_correl.png

 

Thanks in advance

 

R

[cubicrey]

Hi digitalman88,

the 40 & 120 correl are from mataf_reak.

 

could u explain on how to use the info provided?

Edited November 21, 2010 by cubicrey

[cubicrey]

Hi,

 

D1 & W1 Renko Status after Friday Market closed

http://i630.photobucket.com/albums/uu24/cubicrey/D1andW1_RenkoStatus_20Nov10.png

 

Cheers

 

R

[cubicrey]

Hi,

 

Today confirmed signal

 

http://i630.photobucket.com/albums/uu24/cubicrey/2010Nov22.png

 

Cheers

 

R

[cubicrey]

Hi,

 

Today update

 

http://i630.photobucket.com/albums/uu24/cubicrey/2010Nov23a.png

 

Cheers

 

R

Edited November 23, 2010 by cubicrey

[cubicrey]

Hi,

 

Today Update

 

http://i630.photobucket.com/albums/uu24/cubicrey/2010Nov24.png

 

Cheers

 

R

[cubicrey]

Hi,

 

Possible action required on Nov 25 00:00 GMT+0

 

http://i630.photobucket.com/albums/uu24/cubicrey/2010Nov25_pre.png

 

Cheers

 

R

[cubicrey]

Hi,

 

Tomorrow probably no action, but check and confirm after 00:00....especially GBPJPY

 

http://i630.photobucket.com/albums/uu24/cubicrey/2010Nov26.png

 

Happy Thanksgiving :)

 

Cheers

 

R

[cubicrey]

Hi,

FYI, the MACD which they r using is MACD_true, meant its signal is EMA type not SMA. I found a good indicator having the features of color change when crossed the zero line and the alert as well.

 

http://www.multiupload.com/LSXWZKRONR

 

http://i630.photobucket.com/albums/uu24/cubicrey/MACD_truewithalert.png

 

Cheers

 

R

[cubicrey]

Hi,

 

Actions on Sunday Market Open

 

http://i630.photobucket.com/albums/uu24/cubicrey/2010Nov28.png

 

Cheers

 

R

[cubicrey]

Hi,

 

Possible actions required on Monday 00:00 GMT+0

 

http://i630.photobucket.com/albums/uu24/cubicrey/2010Nov29_pre.png

 

Cheers

 

R

[cubicrey]

Hi,

Today Confirmed Signals

 

http://i630.photobucket.com/albums/uu24/cubicrey/2010Nov29r1.png

 

Cheers

 

R

 

Update: AUD/CAD weekly renko the correct value is 0.9905 1 No. Red color brick. The mistake made is because my history data change without my awareness. Could anyone tell me how to avoid this in future?

Edited November 29, 2010 by cubicrey