D.T.S.
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Thread: D.T.S.

  1. #1
    Daily Trend Surfing is a method I've been developing and researching since October 2005. I am still refining it, but since it's 90% complete I am pleased to talk about my trades together with all the Currency Market factory community. I will be applying my way to two currency pairs in this journal, the GBPUSD and XAUUSD pairs. I will use real money on an Oanda account. I will be taking trades at predetermined times, usually around 3am EST and 9am EST..
    What is?

    Daily: There is a capability to take a trade every day of the week. Trades are closed prior to 5pm EST..

    Trend: Successful trades are highly determined by whether or not a good trend was established. Choppy market conditions cause my way to neglect. Thus, a nice market volume is essential. More about that in a later section.

    Surfing: Why surfing? First, its major hobby of mine and I can not help but find parallels while placing up rides that are smooth, in the soup and in the market. Just as in surfing you will find the following major elements:

    1 -Watching for the break-
    Trade directions are decided based on pure price action, specifically by examining the direction of the currency pair for a 3-hour period prior to the trade. The question to answer in browsing is whether the wave is breaking into the right or left. In trading we have to understand whether the pair is breaking down or up.
    2 -Testing for strength-
    Here on the east coast a lot of our waves are just mush. They frequently don't offer the strength to lift your own board. Once I am in position with all the wave behind me and I know whether I am taking it right or left, I will angle the board and start pushing down from the tip of the board with my entire body weight to have a feel for whether or not it could push. The analogy to investing my method is that I put my entrance point a certain distance away from the price level, in order to check whether or not their is sufficient continuing movement to propel the trade in the direction I have already called. If it could, I then take the trade, akin to standing on the board. 3 -Outcome-
    You have a good ride or it dinks out under you. Always set stop losses as well as take profits. Adjustable take profits are even better.
    4 -Staying out of the water-
    I have created a listing of news-based filters. If specific news events will be released I won't trade. Furthermore, if there isn't enough news being released, there won't be sufficient quantity, and I won't trade.

  2. #2
    Quote Originally Posted by ;
    I plan to report my transactions in this journal starting next week. It is my hope that this journal will spread worthwhile ideas to my peers, and instill me with trading subject. Forgive me if I don't answer all questions, or promptly. I will be out of town on business for the next few days.
    Hi,

    Looks like a great deal of thought has gone into this which I really like to see - that the journal submitting will keep you fair

    Will be keeping an eye on this one - best of luck in your endeavour

    Kind Regards
    Steve

  3. #3
    Quote Originally Posted by ;
    I intend to report my trades in this diary beginning next week. It is my hope that this journal will spread ideas that are rewarding to my peers, and instill me. Forgive me if I don't answer all queries, or immediately. I'll be out of town on business for the upcoming few days.
    SKW,

    We are watching and studying especially for two reasons:
    1. System is 90% complete
    2. Launched since 2005

    Suggest you are extremely honest with trades and be dedied to the conditions of the system .

    May I also ask that you post the particulars of the system featuring:
    1. Precise entry exit points
    2. Philosophy (do not hesitate - reason for) of the entry and exit
    3. Things viewed for
    4. Rules and exemptions

    Expecting to see your posts


  4. #4
    hudresiSukNungors
    Guest
    Sounds interesting, when will you post the specifics of your system?

  5. #5
    This was a slow week to start submitting my system's trades, only because my filters are telling me to remain out of their water (to borrow the language from my very first post).

    It only didn't seem there would be sufficient volume to support nice trending. Thats why I decided to go to my day-job's technical seminar for the previous 4 days. Can't say I've missed much by not trading my system on Monday or even Tuesday. Monday we had one medium influence piece of news out of the United States, and it was the sort of news I seldom find a lot of volume occur during: Yellen spoke about the economic outlook of Reno. Tuesday we had one low effect piece of news out of the UK, also two non impact pieces of news out of the US. (Recall, in this diary I'm only interested in presenting my egies related to the XAUUSD and GBPUSD pairs.)

    As you subscribers are starting to see, because of all the filters, there may only be 1 or 2 actual trades per week. Its one of those quirks I've employed to optimize my method for receiving the maximum ratio of winning number of trades:complete trades taken. I enjoy this goal better than an optimization for merely a raw total number of wins. As I view it, it cuts down on my labor. Here's the reason why. I might have exchanged my method Monday. It looks like almost all of my egies would have ended the afternoon with between zero and 10 pips profit. Now, Tuesday is just another story. There was more movement than Monday, but half my egies were declines while the other half are wins. I think you'll agree, a waste of time.

    I am formulating my egy for another 3 days, and it is highly likely that I'll only get 1 commerce within this week. Again, my goal isn't only getting more wins than losses, but also to weed out days that break . The chart below will show why I believe filtering certain days enhances system performance. It reveals performance of the two egies I will test in this diary, as they performed for the last 4 months of 2006.

    Https://www.forexforum.co.za/cryptoc...oss-alert.htmlhttps://www.forexforum.co.za/broker-...okers-xtb.htmlhttp://imageshack.us][IMG]http...ltered18vk.pnghttp://img241.imageshack.us/img241/387/filtered18vk.png


    Thank you Steviet, Dollar-man, and et_phonehome_2 for the sake, the questions, and positive responses. Having to do with the question of philosophy:Its hard to describe without a few terms being defined. So here goes. D.T.S. is a method, and it might be said to possess an overarching philosophy. It assumes there are more days that particular currency pairs will trend, than there are days that they will be volatile (although daily trends may often be part of a weekly range that seems volatile). D.T.S. attempts to predict the direction of the currency pair for a single day dependent on the direction around time of market opening (somewhat like BigBen here). I currently have 7 egies. The egies include the facts of SL and TP and timing and filters for a particular currency pair. Filters are reasons not to exchange. Timing refers to the hour of their day that trades should be taken, in addition to how long the market needs to be watched before settling on the direction of the trend. I realize that timing and filters are really only subjective. I've opted to be strict in my timings, with all ones that seem to offer relatively consistent profits (testing since October 2005), also will continue to work with them until they stop working for two months in a row. This removes guesswork. Filters, on the other hand, are still a work in progress, and are the reason I haven't claimed to have a complete system.

    I anticipate publishing my very first trade of the journal shortly.

  6. #6
    I wish you the best with your system and looking forward to your articles!

    Good Luck and may the Pips be with you!

  7. #7
    Trade #1

    Pair: XAUUSD
    Direction: Long
    Price: 644.70
    Time: 9:06 am EST
    SL: 642.70
    TP: 647.70

  8. #8
    Trade #1 Results

    Trade closed at 647.10 in 17:00 EST..
    Rationale: TP/SL not struck by end of business day.
    Result: Profit

  9. #9
    Trade #2

    Pair: XAUUSD
    Direction: Long
    Price: 659.50
    Time: 9:24 am EST
    SL: 657.50
    TP: 663.10

  10. #10
    Trade closed at 657.50 at 10:27 EST..
    Reason: SL hit
    Result: Loss

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