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

[trader888]

Hello fellow traders... speicaly chinto and absh( the most active ones)...

been "paper" trading this for three days now...

with success though with also with little loss..

though as chinto has said its all about RR.. money management and selecting high probability trades....

Hope to master this trading approach and join you guys in success....

More power and success.. appreciate the generosity in sharing your ideas...

[crushbeat]

hello guys,

been following this strategy..

are u guys in profit? wat is the best tf?

thanks

[crushbeat]

how do you guys think about EURUSD rite now?



thanks

[Almandine]

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.

[Absh]

Hi crushbeat.

Im a bit sceptic to that one, since if you take a look on daily chart, the maintrend is up.

I would wait with a order till it comes closer to the daily TL.

Regards,

Absh

[Absh]

Hi again,

Remember the eurjpy as chinto posted it has come down to its main TL and testing it.

[crushbeat]

hello,

Im still confused how to set trendline properly...

[Absh]

What do you do is you connect two or three swings lows/highs with eachother as on the pictures, the more swings the more reliable is the trendline.

If still unsure, take a look on this page:

http://www.advantagetrading.net/trend-analysis.html

Regards,

[crushbeat]

hello guys,

is this correct setup?



thx

[crushbeat]

hello,

is this correct too?
if it is correct, in wat price do we enter buy?

if it is correct, we should wait for candle to be done today, rite? and we see if tomorrow the price is 5 pips above high previous candle, we buy, rite?

please enlight me.




thanks