Trend Follower System

Welcome,
As first post I want to let you know about my last results with my favourite trading system. This will be a good starting, i guess. It's a trend follower trading system, discovered on forexfactory.com some months ago. I suggest you to check this dedicated thread on forexfactory.com and read all about that. This is required to understand future posts and discussions. I really like this system, I can find and follow a lot of trend signals with it. As the most successful traders says, the best system is the system fit you best. Starting with a 5000€ account, I've made about 30% (1500€) in only 11 days of trading. Unfortunately I've not enought time to trade all days or for all day long, but i tried to do it in my free time. I've been trading this system since the beginning of 2008, always with positive results. I've tried to miodify it, but finally I've realized the original system was the best. Improving my skills, I've learned how to avoid false breakouts and false trading signals in unusual trading condition.
Edited (23/01/09)

Check the SYSTEM RULES and my personal CHART SETUP to learn more about Trend Follower System. Remeber to see the dedicated thread on forexfactory.com to share your opinions and learn more.

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Trade your way to financial freedom

Now shared in PDF format, I am happy to introduce you to "Trade Your Way To Financial Freedom" a fabolous book by Van K. Tharp. The main intention of the author is introducing the reader to the trader's world, to the trader's thinking. Here you can learn how to be a good trader understanding the market, aiming your goal and finding the method you need to. A must read.

Click the link bellow to display (requires Adobe Reader):

TF GoldEdition System rules

I've decided to make a list of every things we need to do or check if we are going to open a trade with TF system. This idea born to the esigence to aviod human errors due to incompete checks on a trading situation with a new signal coming.

THINGS TO CHECK for OPEN a TRADE (for long trades):
1 - GMMA Green emas are above Red emas.
2 - GMMA emas must agree and head north.
3 - LaGuerre is crossing 0.15 from bellow and head north.
4 - MACD is above 0.
5 - We see a EMA crossover signal indicating a long singal (Blue arrow) at the first candle or at the following candle.
6 - Check the trend watching major charts. Do the signal accord with the main trend? Is the signal on a support or a resistance point? If we see that the major trend will go in the direction of the trend, take the trade. If we think the trend is about to change or the signal not accord with the trend, give up.

Good exits are much difficults to find, but at the end if you follow the entry rules, you will certain be paid for you efforts anyway. Calculate by yourself for how much the trend will feed your profit... always remember to replace SL to protect your profit and close half lots on the first support/resistance point and let the other half run until slope change color.

The main rules are:
1 - Follow the rules. Once you think you don't need it.
2 - Be patience. You will be rewarded. You could wait for valid signal for days!
3 - Select only valid and clear entry signals according with trend.
4 - Take your profit at the appropriate points (when a RSI worm is displayed for a low risk exit or when slope diection line change color or at fibonacci levels for more riskly and more profitabe exits) and replace SL to protect profis.

THV System, first day of testing

Here I am came back to my blog, after some months of inactivity. In this period I've not traded much days. At first time, I tried to trade with almost no indicators, with some good results (in particular, with the Cyrox Scalping Method, search on Google for more details). But I decided to abadon this way, due to my deep need to have a solid system to trade with.

So I looked for EAs. I tried to change my negative thought about them, with no succsess.

And now I am here, back to origins, but this time I've found something better than the old "Trend Follower" method.

THV by cobraforex, is a very efficent system now at his third (and final) version. I've been knowning this system since the first posts, but only now it has reached a high level of efficency.

Just check it here on forexfactory.com and you'll be surprised of it.

My goal is reaching an average of 100 pips / month.

This is because trading with 0.2 lot for every 1000 € (or $) 100 pips are always equal to a net +20% gain / month. For example:

Forex sheet

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