Trading and Investing Forum

Go Back   Trading Forum and Blogs > Trading Strategies and Systems


Reply
 
Thread Tools Display Modes
  #1  
Old 01-29-2008, 05:54 AM
Dan Blystone's Avatar
Dan Blystone Dan Blystone is offline
 
Join Date: Oct 2006
Location: Barcelona
Posts: 320
Dan Blystone is on a distinguished road
Send a message via Skype™ to Dan Blystone
Default 6 Trading Strategies

Here are six systems that I have been following recently:

1. Inside Bar + Stochastics System

(An inside Bar is one that is completely within the range of the preceding bar, i.e. it has a higher low and lower high than the bar immediately before it.)

When stochs below 20 and starting to curve up look for an Inside Bar for a possible long

When stochs above 80 and starting to curve down look for an Inside Bar for a possible short

Wait for the next candle after the inside bar to go 1-2 pips higher to enter long

Wait for the next candle after the inside bar to go 1-2 pips lower to enter short.

Although this system is said to work well on multiple time frames, I will be using the 15 minute chart.

2. Cowabunga System

Here are the basic rules of this system:

Enter trade on crossover of 5 and 10 period ema. For long position RSI must be greater than 50, for short position RSI must be less than 50. For a long stochastics must be headed up but not overbought, for short stochastics must be headed down but not oversold. For long MACD histogram must go from negative to positive or be negative and start to increase in value. For short MACD histogram should do the opposite. Look at trend on 4 hour chart and make sure your entry is consistent with the long term trend.

For more details see:

Cowabunga System

3. MACD/Parabolic SAR System

Another James16 system - this method uses the 30 minute chart, MACD and Parabolic SAR. Enter long when PSAR is below price and MACD crosses above signal line. Enter short when the opposite occurs. Recommended for EUR/USD

For details see:

MACD/PSAR System

4. KISS System

The system uses the 200 period EMA and multiple time frames (MTF). You are basically looking for a trend reversal the shortest time frame.

The 200 period EMA is possibly the most powerful tool to use in technical analysis and trading systems. It is the definitive mark or 'line in the sand' dividing the bulls and the bears.

This system uses example the 4 hour, 1 hour and 15 minute time frames.

Buy set up: Price is above the 200 EMA on the 4 hour and 1 hour. It moves from below to above the 200 ema on the 15 minute chart. When it rises a couple of pips above the previous reaction high, this is the trigger (buying the breakout)

Sell set up is the inverse.

Many technical indicators such as RSI and stochastics are telling you basically the same thing - it's better to use one indicator across 3 time frames than to use multiple indicators on one time frame.

With regard to stop losses and profit targets I use previous reaction lows and highs.

Over the next couple of weeks I'll try to track the results of these systems during US trading hours and we can go over the results in our webinar.

5. 60 Period SMA System

This system uses only one indicator - the 60 period Simple Moving Average (SMA) over three different time frames - the 4 hour chart, the 1 hour chart and the 15 minute chart.

The first step is to look at the 4 hour chart and see whether price is above or below the 60 period sma. If it is above it we are looking to buy and if it is below it we are looking to sell.

The second step is to look at the 1 hour chart. If price was above the sma on the 4 hour and price is above the sma on the 1 hour this gives us bullish confirmation. Conversely, if price was below the sma on the 4 hour and below the sma on the 1 hour this gives us bearish confirmation.

The third step is to look at the 15 minute chart. We get our buy entry signal when we having bullish confirmation from the other 2 sma's and price crosses from below to above the 60 period sma on the 15 minute chart. We get our sell entry signal when we have bearish confirmation from the other 2 sma's and price crosses from above the 60 period sma to below the 60 period sma.

Stop Losses: if you are a shorter term trader you may want to use the reaction highs/lows from either the 15 minute or 1 hour chart to position your stop. If you are a longer term trader you may want to use the reaction highs/lows from the 4 hour chart. You might also want to use a fixed stop loss of say 30 pips. If prices moves back to the other side of the sma on the 15 minute chart you might want to cut your losses at 10 pips above that level, particularly if you are a shorter term trader.

Profit Targets: fibonacci levels, pivot points or zones of support and resistance would make good targets to take your profits.

6. Short Term Momentum System

Using the 5 minute chart buy when price moves 10 pips above the 20 period EMA and MACD histogram is crossing or has crossed the zero line.

Using the 5 minute chart sell when price moved 10 pips below the 20 period EMA and MACD histogram is crossing or has crossed the zero line.

See: http://investopedia.com/articles/for...inute-momo.asp

Price Action Trading

Great listing of resources here: http://www.forexfactory.com/showthre...99#post2585699

There is a substantial risk of loss in trading.
__________________
Disclaimer: There is a substantial risk of loss in trading stocks, futures, options and forex. Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation with respect to the sale or purchase of any securities or commodities.

Last edited by Admin; 01-19-2010 at 07:59 AM.
Reply With Quote
  #2  
Old 10-09-2008, 09:15 AM
Hobbs's Avatar
Hobbs Hobbs is offline
Senior Member
 
Join Date: Sep 2006
Location: Chicago
Posts: 158
Blog Entries: 7
Hobbs is on a distinguished road
Default

Nice list - all these systems contain good trading ideas - I have had some success with a slightly modified version of the Cowabunga system this year -
Reply With Quote
  #3  
Old 12-14-2011, 05:31 AM
Dan Blystone's Avatar
Dan Blystone Dan Blystone is offline
 
Join Date: Oct 2006
Location: Barcelona
Posts: 320
Dan Blystone is on a distinguished road
Send a message via Skype™ to Dan Blystone
Default Pin Bar Trading System

Pin Bars or Pinocchio Bars stick out on the chart, the long bar extending like Pinocchio's nose telling a lie about where the market is going.

A Pin Bar trade looks for an extended price bar, and trades in the opposite direction of that bar. The pin bar should have an open and close within the range of the first bar in the sequence and should substantially protude from the surrounding bars. The open close should both be near the opposite end of the bar from the protusion.

Look for confluence in playing pin bars - ie look for pin bars that have bounced off fibonacci levels, moving averages, pivots, swing high/lows etc.

The Pin Bar trade set up:

Stop loss should be place slightly above the top of the bearish pin formation, slightly below the bottom of the bullish pin formation.

Trade entry should take place when price trades below under the low of the bearish pin bar or above the high of the bullish pin bar.

Move your stop to break even as soon as possible and scale out of the trade gradually.
__________________
Disclaimer: There is a substantial risk of loss in trading stocks, futures, options and forex. Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation with respect to the sale or purchase of any securities or commodities.
Reply With Quote
  #4  
Old 03-16-2013, 04:04 AM
Dan Blystone's Avatar
Dan Blystone Dan Blystone is offline
 
Join Date: Oct 2006
Location: Barcelona
Posts: 320
Dan Blystone is on a distinguished road
Send a message via Skype™ to Dan Blystone
Default Pin Bar Tutorials

These PDF's describe the concepts in detail.
Attached Images
File Type: pdf Pin-bars-introduction (1).pdf (175.2 KB, 2693 views)
File Type: pdf Pin bars-advanced (1).pdf (112.7 KB, 3828 views)
__________________
Disclaimer: There is a substantial risk of loss in trading stocks, futures, options and forex. Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation with respect to the sale or purchase of any securities or commodities.
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -6. The time now is 06:22 PM.


Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.