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

[Blogworker]

Hi, everybody! I am glad that this forum opened. Is this gentleman who wrote it in July in the original discussion of the Myronn system, here in this forum?

Submitted by User on July 17, 2009 - 12:00.This system may not be the holy grail but it puts up SERIOUS NUMBERS. Patience is the key. Higher time frames gives the best results and less stress (for me). I trade during the open of the British for approximately 5 hours depending on set ups. ANY PAIR IS SWEET. Personally I use the gbp/usd, eur/usd, usd/chf, usd/jpy, aud/usd, aud/jpy, gbp/jpy, and usd/cad. I have approximately 4-5 set ups per day with usually 1 or 2 pairs bouncing back to the trendline to trade again.

Becasue I would like to ask him, that is he still successful? And, how could he find 4-5 setups per day using 8 pairs? I am not able to find so many setups.

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Today i was sending a E-Mail to Myronn - will hope, that he answer and come to us here

Here the Message from me to him :

Hello Myroon,

thanks a lot for your great KISS Strategy named :
Advanced strategy #10 (Trend Line Trading Strategy)

I will you invite to come into the forum from Edward Revy - you are very welcome. We are a lot of serious trader who trading your style and sharing our ideas with screenshots etc.
A Skype Chat for trading is the next step in the future - all without any costs of money.

advanced-strategy-trend-line-trading-strategy-enjoy-t184.html

I hope you feeling good and you come tu us and say "Hello" !

Frindly Greetingses to you and your family - Jens

[crushbeat]

hello guys,

potensial setup, rite?
correct me if im wrong..



thanks

[trader888]

All my setups seems to be failing.....

dont know what is happening...

what about you guys?

[Almandine]

crushbeat, I think the one below is better. There are 4 'touch' areas instead of 2, and these 4 are also newer.

[crushbeat]

hi guys,

take a look this pic :



wat do you think?
if it breaks, then we sell.. if bounce back, we buy.. let see tomorrow.

is the setup correct?

thanks

[Absh]

Hi guys,

I like both crushbeat's and almadine's chf/jpy setups, the market has touched the TL atlest 3 times so it should be a valid one as long as the order is in the direction of the maintrend.

We can just wait and see..

And trader888 I also hade the same problem in the beginning. However, as more time you spend looking at the chart's and spotting entry's the more will you master this strategy.

Im not 100% myself, im still learning..

Regards,

[Almandine]

If the price touches the trendline, two things can happen.

1. It can bounce back. In this case our Myronn system will win pips for us.

2. Or it can break through the trendline. In this case the Myronn system will hit the SL. But there are valid strategies for exploiting exactly this kind of trendline breakthroughs. E.g. here are two trendline breakout systems from Edward:
http://forex-strategies-revealed.com/advanced/trendlines-breakout
http://forex-strategies-revealed.com/advanced/true-false-trendline-breakouts

If we could find a good trendline breakout system (maybe one or both of the above will do it), then it will the the perfect companion for the Myronn trend following system. Even if the trendline is broken, and the Myronn SL is hit, we can not only gain this loss back but a lot more.

[JACK-FSR]

Hi fellow traders,

as stated in my previous post, I prefer add a channel view to this strategy.
So, for those interested in the CHF-JPY, here's my view.
As you can verify, sometimes price moves within a inner channel, just as in this case.
So we have 2 chances: price is reversing right now or will reach the extrem bottom of the channel before reversing.
(Of course it can brake and go down even further...! But the above two looks the more probable scenarios).

Cheers!

[JACK-FSR]

A couple of possible reverses:

[Blogworker]

For my Education please - is this Trendline correct ? I think so - i hope...its GOLD H4 ( but have a high spread )

GOLD H4

@ JACK-FSR - great idea with 2 Trendlines - as known as Channel. I like to see, how the Price drive between the 2 Trendlines.
I find this helpful for Visualization, what the Price is making . ( Please sorry for my English - at first i learn the right way to trade at the moment - later i have a personal English Teacher from my Earnings )