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 simpleforex » Fri Mar 25, 2011 12:17 am

now the best part....

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

Postby simpleforex » Fri Mar 25, 2011 12:19 am

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

Postby simpleforex » Fri Mar 25, 2011 12:20 am

audnzd...bit slow here...
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby simpleforex » Fri Mar 25, 2011 12:22 am

...euraud trades...still running like crazy...
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby toinou21 » Fri Mar 25, 2011 2:28 am

Simpleforex, How are you able to focus on so many different pairs at the same time, same for ilbrigante >_< this week i only focus on GBPJPY, locked 210 pips, and i have 50 pips floating, I guess i still have a lot to learn and manage. Anyway, How much progress did you make on your live account ?
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby il brigante » Fri Mar 25, 2011 5:41 am

To toinou21

I trade a micro account, and I feel that I am getting there. Last week I made a 7% return on my capital.

How do I manage a lot of trades? I have a written system and they manage themselves. I have a plan, every hour I check my trades, move my SL accordingly and check new set ups.

I need to inject more money in my account, but I am not sure how and when. I was thinking to inject more capital every two weeks if I have reached a return of 2% (52% annual return).

Any suggestions by anybody will be very much appreciated.

Simpleforex, what do you think?
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby simpleforex » Fri Mar 25, 2011 7:18 am

toinou21 wrote:Simpleforex, How are you able to focus on so many different pairs at the same time, same for ilbrigante >_< this week i only focus on GBPJPY, locked 210 pips, and i have 50 pips floating, I guess i still have a lot to learn and manage. Anyway, How much progress did you make on your live account ?


Good question, Toinou21.

for a new trader, maybe it is good to focus on only a few pairs. I do look at a lof of pairs and this allows me to spot many trade setups everday, however, I do not take ALL the trade setup I see. The trades I take depends a lot on some few things, including the "strength of the trendline" and the reversal candlesticks that I see.

Progress in live account?...I really dont know but it very healthy. You can see the results of the trades I'm taking.Why I achieve these kinds of results is I am more of a medium term to long term trader. I enter trades and let them run for a very long time "milking each pip""as the market moves in my favour. I belive that big profits come from big trends and big trends dont happen in just a few minutes, they take many hours and days to form and if I can jump in when it BEGINS or jump in along the way when it happens...and stay in there for as long as it takes...that is my focus.

Ok euraud is now near a major upward trendline...just watch the 1hr and 4hr candles there for a possible long setup. Lets see if this trendline holds. I have moved my stop loss of the two trades tighter...lets see what happens and maybe we will get an upward bounce and go long on this one...

Im out on gbpjpy with 169 pips profit & 73pips profit on gbpchf as the stop loss got hit.
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby simpleforex » Fri Mar 25, 2011 7:42 am

il brigante wrote:To toinou21

I trade a micro account, and I feel that I am getting there. Last week I made a 7% return on my capital.

How do I manage a lot of trades? I have a written system and they manage themselves. I have a plan, every hour I check my trades, move my SL accordingly and check new set ups.

I need to inject more money in my account, but I am not sure how and when. I was thinking to inject more capital every two weeks if I have reached a return of 2% (52% annual return).

Any suggestions by anybody will be very much appreciated.

Simpleforex, what do you think?


Il brigante,
your results are impressive and you are getting the hang of it I believe.
My suggestion: dont inject any more money into your trading account until you increase your account by 100% or 200% (take a pick). You need to prove to YOURSELF (not me, not Joe Blow or any Tom Dick and Harry) that YOU can do that...with a small account...and if you can do that with a small account then you can do the same in a big account.

With the TL strategy, the risk reward is very good. for example, the first trade on euraud shown above, I risked about 30pips and now there is 300pips floating proft right now. that is like R:R=1:10, The second trade, I also risked 30pips and now its at 200pips floating profit, thats 1:6 Risk to reward. This is just a very good example of what this trading system is capable of. So can you increase your account by 50% in a month? Very possible...
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby simpleforex » Fri Mar 25, 2011 7:52 am

possible short setup on audjpy
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby simpleforex » Fri Mar 25, 2011 8:11 am

USDCHF...im going short...
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