Two Trend Trading
+++ A Dual Chart, Trend Based, Manual, Forex Trading System +++
Developed by Terry Sneller
This is a rather simple to use and yet powerful, manual (not yet automated), Forex trading system that is primarily trend oriented. The most valuable aspect of this system is its ability to visually help the trader rapidly gain confidence in determining when to enter and exit a winning trade -- through simultaneous macro and micro trend analysis.
I have, over the years, extracted and compiled this concept from several other systems. I'm not going to attempt to "WOW!" you with my personal history or trade results -- as many online hucksters currently attempt to project. I must also state that my intention is to neither encourage nor discourage you, but rather to simply provide, for your examination, the essence of my Two Trend oriented trading system ... a system that I struggle to keep as simple and intuitive as possible.
It should be understood that Forex trading can be a fast, complex, confusing, and expensive -- but VERY rewarding -- market to trade. So, rather than provide details here on Forex trading -- like broker selection, my template, tactics, installation instructions, settings, costs, stops, Fundamental News events, timeframes, pairs, support/resistance levels, money/risk management, systems requirements, etc. -- I'm going to just barely describe how I use these trading tools, which are part of a broader system and if, rather than figure out the details yourself, you want to learn more, then email me (see below).
++ Dual Trending Charts With Different Timeframes And Customized Indicators ++
"Trade the trend," "The trend is your friend," Don't buck the trend," are all common phrases that Trend Traders have often heard. However, exactly what does that mean, in reality? Are we talking about the MN (monthly) trend or the M1 (one minute) trend? How about when the H1 (one Hour) price trend is going north and the M5 (five Minute) trend is heading south. Which trend do you trade? The core answer resides in being able to readily monitor and keep in relative perspective both the macro and micro movements of Price.
By using multiple charts of the same currency pair but with different timeframes -- in order to simultaneously monitor the price changes in longer and shorter trends -- the attentive trader can more readily anticipate and profit from trend changes. For example, while the trend on the D1 (Daily) chart is going Long, the trader only executes Long trades on the as the M1, M5, M15, M30, H1 or H4 while those charts also reflect the same Long trend. Vice-versa for Short trends.
Below are two screenshots of a single currency pair (EURCHF), with each of the two charts using different timeframes (H4 & M15) and both trending South and each with an identically configured Moving Average line, a non-lag Moving Average indicator and a special MACD oscillator. By monitoring the price differential between these two timeframes, a trader can visually identify trade setups as well as determine the best times to enter and exit trades -- as shown in this example. Note the two downward "hanging pegs" -- which are circled on the MACD indicator of the M15 chart -- as they are indicating an opening for a Sell trade!. The true key to these screen shots involves converting the shorter M15 trend into Buy/Sell actions -- relative to the direction of the longer H4 trend ... and, in the process, developing controlled emotional patience!
My primary reason for developing this webpage, is to provide an overview of what I do for my family and friends. However, if you are interested in further exploration of the broader aspects I've developed with my TTT System -- as well as receiving free copies of the indicators and the settings I use -- then you are more than welcome to email me: FX (at) cloudbyteconsulting (dot) com.
And, a final thought --
If all of the stock markets in the world should fail, as long as there are at least two countries with their own currencies,
there will still be a FX market!
Last updated: 01/02/2023