VictorThảo luận

Hello,
Thanks for pleasant responses. I don`t like forums and chats, but I think I can answer to your questions about my strategy. The request to ask only questions about trading, I have no secrets about my strategy. Hope it will help beginners to understand some trading tips.

P.S. I will try to answer as quick as possible. Don't insist if I don't answer for a long time. I trade much. but I will try to visit this site sometimes.

I would be very interested in learning your money management skills/strategy victor. Any pointers would be much appreciated. Thanks

victorbrigge posted:
    Hello,
Thanks for pleasant responses. I don`t like forums and chats, but I think I can answer to your questions about my strategy. The request to ask only questions about trading, I have no secrets about my strategy. Hope it will help beginners to understand some trading tips.

P.S. I will try to answer as quick as possible. Don't insist if I don't answer for a long time. I trade much. but I will try to visit this site sometimes.

So you're answering by private messages only? If not, then please feel free to post it here. 😄

Thank you so much for your response .We all would be grateful if you could tech some of your strategy skills and money management
Thanks

Hello,

A few words about the strategy: I only trade trends (at least 90% of trade takes place on the trend). I believe that all strategies have the same algorithm.
 1. Search of trend.
 2. Search confirmation of trend using indicators.
 3. Search the moment to open a position


1. TREND.
-------------------
I did not bother to new methods of analysis. My favorite method is to determine trend by the theory of Charles Dow.
Example:

__________ /___
_______/\_/____
__/\___/_\/____
_/__\/_________ => UP TREND begins
/_____________


\_____________
_\__/\_________
__\/__\_/\______ => DOWN TREND begins
______\/_\_____
_________\_____
                                                                           

I trade only if I see the trend. If the trend is unknown I don`t open any positions.

2. CONFIRMING THE TREND

I confirm trend my using MACD. Parameters are 25, 75, 25. If the main hystogram is above 0 it confirms UP trend. If under 0 it confirms DOWN trend.

P.S. The confirmation uses ONLY after determination the trend by Dow theory.

Thank you Victor for posting your strategy!

May I know what TF are you using?

This is not clear strategy :) Jut my trading algorithm.

Now I use H1 timeframe. How to find good moment for opening the position I will write later.

Hello,
Great system, congratulations. Could you please share with us or how can we buy?

Thanks

Very nice.

I see you have trades lasting for over a month - that's quite a long term position for forex.

Do you have a clear entry/exit rules? Or is it discretionary?

great !!!

After trying several trades with these rules, indeed it is a very good and easy trend following setup.

Waiting for your next post on when to open the position.

Hello,
I have some free time. I`ll try to write about how I open positions.

After the trend is identified I trying to find moment to open position.

HOW I OPEN POSITIONS:

As I wrote before, I use Dow theory to detect the trend. Trend devided by two waves:
1. Impulse wave (Strong movement for a short period of time)
2. Correction (lateral movement for a long time or a slight movement against the trend)

I think it`s better to open positions when we are at correction. Sometime I use Stochastic Oscillator (Paremeters 8,3,3. Levels 70/30). On different instruments I use different parameters of Levels, like 75/35 or 60/40.
The signal for BUY comes when the Main line is crossing Level 30 from the bottom.
The signal for SELL comes when the Main line is crossing Level 70 from the top.

Here is my rule: 'Use Buy signal on UP trends. Use Sell signal on DOWN trends.' That`s all :)

Here is example on chart. At the begining of the chart we know that UP trend begins before (you can find this data on history), so we can use BUY signals on stochastic to open positions. I hope, you must understand my drawings :)

<a href='' target='_blank'><img src=''/></a>

Are you planning to manage account, victor?

victorbrigge posted:
    Hello,
I have some free time. I`ll try to write about how I open positions.

After the trend is identified I trying to find moment to open position.

HOW I OPEN POSITIONS:

As I wrote before, I use Dow theory to detect the trend. Trend devided by two waves:
1. Impulse wave (Strong movement for a short period of time)
2. Correction (lateral movement for a long time or a slight movement against the trend)

I think it`s better to open positions when we are at correction. Sometime I use Stochastic Oscillator (Paremeters 8,3,3. Levels 70/30). On different instruments I use different parameters of Levels, like 75/35 or 60/40.
The signal for BUY comes when the Main line is crossing Level 30 from the bottom.
The signal for SELL comes when the Main line is crossing Level 70 from the top.

Here is my rule: 'Use Buy signal on UP trends. Use Sell signal on DOWN trends.' That`s all :)

Here is example on chart. At the begining of the chart we know that UP trend begins before (you can find this data on history), so we can use BUY signals on stochastic to open positions. I hope, you must understand my drawings :)

<a href='' target='_blank'><img src=''/></a>

Dow theory?

Thanks again Victor for taking your time to explain!

bonus767 read Victor previous post.

I am interested in Dow who? Can i find a literature or anything to read so i can learn bit more.

bonus767: Honestly, you should find some literature or anything. I bet you are able to find it on your own. If not, start discussion on other place.

bonus767 posted:
    I am interested in Dow who? Can i find a literature or anything to read so i can learn bit more.

https://en.wikipedia.org/wiki/Dow_theory

Victor, I'm amazed by the simplicity of the method, versus it's effectiveness. Well done.

What happens when the market ranges? Do you wait for it to trend?

But the way, I've looked at your directional analysis, and see the gbpchf trades aren't profitable. Am guessing those were test trades and you've stopped trading the pair?