Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Post your new strategies, discoveries or just ideas for development

Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby pauga » Tue Sep 25, 2012 2:51 am

ajnick7 wrote:Looks like the usd/cad broke the trendline do you still think its a good trade?


Yes, it broke that trendline.
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20120925ucadh4.gif
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby pauga » Tue Sep 25, 2012 2:55 am

Possible setup on AUD/JPY. But price can go just a little bit lower. We will see.
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20120925audjpyh4.gif
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby pauga » Tue Sep 25, 2012 3:05 am

Trexy123 wrote:Hi can some one show me how to draw trend lines correctly ?


Hi,
for descending trendline connect at least two significant tops. First top must be higher than second. For ascending trendline connect at least two significant bottoms. First bottom must be lower than second. Draw trendline from spike to spike.
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby ajnick7 » Tue Sep 25, 2012 8:30 am

what do you guys think about the eur/cad 4hr

sorry I dont know how to get the pic posted
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby ajnick7 » Tue Sep 25, 2012 9:08 pm

What do you guys think sell the eur/usd ???
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eurusd240.gif
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby visualxray » Wed Sep 26, 2012 2:01 am

ajnick7 wrote:what do you guys think about the eur/cad 4hr

ajnick7 wrote:What do you guys think sell the eur/usd ???

Never mind what everyone else thinks, surely the most important decision to make is what you think isn’t it?

If you've read this thread & taken into consideration all of the set up examples, then what is the one distinguishing feature that determines whether to go long or short when price approaches or breaks a trendline?

Also, (& one of the most important aspects of any type of trading approach) what in your book determines whether you're considering going short or long a pair?
That element alone will usually ensure you're positioning yourself the correct side of the market momentum.
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby pauga » Wed Sep 26, 2012 6:01 am

GBP/JPY and EUR/JPY
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20120926gbpjpyh4.gif
20120926eurjpyh4.gif
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby visualxray » Wed Sep 26, 2012 6:57 am

So how exactly are planning to trade those two pairs pauga?

For the benefit of those new to this thread or posters such as ajnick7 who are obviously struggling with the practical application of this approach, it might be helpful to insert comments either directly onto the charts or above/below your attachments offering up a brief explanation of what you're looking at & why.

There seems to be a lot of question or query based posts within this thread, which highlights a lack of understanding or awareness of how to actually trade the information presented.
You guys might want to take a leaf out of the Technical Templates thread & include some detail in your contributions. There are very few questions relating to what they're looking at, why they're considering a particular view or how they intend to trade it, because they offer a clear explanation each time they post.
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby pauga » Wed Sep 26, 2012 12:19 pm

visualxray wrote:So how exactly are planning to trade those two pairs pauga?

For the benefit of those new to this thread or posters such as ajnick7 who are obviously struggling with the practical application of this approach, it might be helpful to insert comments either directly onto the charts or above/below your attachments offering up a brief explanation of what you're looking at & why.

There seems to be a lot of question or query based posts within this thread, which highlights a lack of understanding or awareness of how to actually trade the information presented.
You guys might want to take a leaf out of the Technical Templates thread & include some detail in your contributions. There are very few questions relating to what they're looking at, why they're considering a particular view or how they intend to trade it, because they offer a clear explanation each time they post.


Just setted buy stop order few pips above the high of the candle that intersects the trendline when that candle closed. It is original rules and you don't need to reinvent bike:)
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Re:

Postby visualxray » Wed Sep 26, 2012 1:18 pm

I think the guts of what I posted was 'lost in translation'

The term is called reinventing the wheel not the bike.
And I wasn't asking you to reinvent anything, merely suggesting that if you were to add just a little more depth to some of the vague post/chart insertions, you might reduce the amount of queries & questions from some of the newer & less experienced members to the thread.
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