TRENDSPOTTING

My Trendspotting strategy in short.

Setup:
Netdania charts
Chart Type = candlesticks
Moving Average Exponantial (MAE): 89 and 144

1. Primary trend
Time scale = 4 hours
If MAE 89 > MAE 144 => Bull trend
If MAE 89 < MAE 144 => Bear trend

2. Secondary trend
Time Scale = 30 minutes
If MAE 89 > MAE 144 => Bull trend
If MAE 89 < MAE 144 => Bear trend

Trade:
If primary and secondary trend go in the same direction : TRADE
If not: Stay out
Profit target: 50 pips

If you just start Trendspotting, better go for 20 a pip profit.  Gradually build this up: 10 trades with a 20 pip profit, 10 trades with a 25 pip profit, etc.  This way, you will build your experience and confidence in the Trendspotting strategy.

IMPORTNAT NOTICE:

1. Only trade with 1€ pip value for every 300 € on your account, as a safety margin. This way you can give your trade the time to reach the profit target.
2. Sometimes it can take several days for the trade to reach the profit target, so be patient.
3. Before you start on your live account, try this strategy on your demo. Do 20 trades, and learn from this experience. It is never black or white, so you have to learn to interpret the charts.
4. Make your own trackrecord. Use an Excell file with the date, the currency, the price of entering and closing. This way you will learn from your successes and your mistakes
5. Don't copy-cat my trades. I put these on the Forum, so you can check them and see that the strategy works. Look at the charts, try to figure out what to do, and then check the forum to see if I would do the same as you, or maybe something else.
6. Sometimes I take the risk of an uncertain trade. But I have some Equity built up, so I can be a bit more patient than other traders. Trading with 500€ or 5.000 € is totally different, so don't copy all of my trades when you have a small amount on your account. Stick to 1 trade, and focus on EURUSD and GBPUSD with a small amount. You don't want the EURJPY going 300 pips in the wrong direction if you only have 500 € on your account

Yes, still open.

Profit target 15320.

Sven

I have no stop loss.  I take my loss manually when the primary trend changes.

For Momentum Trading, I use a stop loss of 50 pips, but that is short term trading.  I will give a new webinar about this strategy on Monday, 23/06.

I am currently testing something totally new, and this will be easier than trendspotting and safer at the same time.  I have been testing this for quite some time, but I think I have found the right setup right now.  I would like to test this for another month, and then launch it (if the results are still OK).

Trendspotting is a very easy and profitable strategy, but there are a few weaknesses.  That is OK, as long as you know these weaknesses, and know what to do with it.  (Every strategy has its own strengths and weaknesses).  Coping with risk is something that you have to do yourself, and thus emotional. 

I don't get any mails from people when they are wxinning all the time.  I just get questions when they are losing.  "Should I close this trade?"  How the h*** would I know???  I can't predict the future.  Ask yourself this question : why did you open this trade?  And are the market circomstances still the same as when you opened it?  If yes, stay in the trade.  If not, get out.  (If you just opened the trade because I did, and wrote it on the Forum, I suggest you start thinking for yourself, and doing your own homework.  Trendspotting is not just about the red and blue MAE, but also about knowing how much pipvalue to invest given a certain amount of Equity on your account)

Of course, people start panicking even more when they are close to their account equity.  But you should avoid the ^risk of being wiped out in one single trade.  If that happens to you, you have been trading too big,or  too much.  And 300€ is a very, very, very small amount to trade the Forex market. You will really learn this when you have experienced the pain of losing, and made the decision for youself that this will never happen again.

I have tried to warn all of you in the past, but since nobody is listening, I have decided to look futher myself, and find something that has similar results as Trendspotting, with the same effort (15 minutes a day), less risk, and no emotions.  I am very close to the solution right now.  But I want to be absolutely sure. So please give me a few extra weeks, and I will come up with something that will change your life forever.

Sven Lefeber