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

[GT3RS]

OK - I just took a long on EURJPY.

It's a steep trendline, so will be watching carefully, but seems to have bounced along it quite nicely.

I'm also aware of a potential double top around the 153.55 level, plus it's Friday

But let's see how it goes!

[GT3RS]

Just a thought as well.

I know targets are set within previous swings, but this seems odd to me in a way.

After all, we are trading with the trend, so if the trend is continuing, you would expect price to BREAK the previous swing hi/lo.

I'm thinking along the lines of opening 2 positions, with a target for one position WITHIN the previous swing, and a target for the other position based on a fib extension, or pivot level? Say 161%, or a pivot that looks like it might be attainable.

Would appreciate your feedback.

[chintopinto]

Just a thought as well.

I know targets are set within previous swings, but this seems odd to me in a way.

After all, we are trading with the trend, so if the trend is continuing, you would expect price to BREAK the previous swing hi/lo.

I'm thinking along the lines of opening 2 positions, with a target for one position WITHIN the previous swing, and a target for the other position based on a fib extension, or pivot level? Say 161%, or a pivot that looks like it might be attainable.

Would appreciate your feedback.

Yes, that is a good idea.
Let your profits run, we have the System, the way we trade it, is up to US, if you can get better results doing somithing alse, i don't think it is any bad

Look at your EUR/JPY, how well is working

Regards.

[chintopinto]

Hey guys,

Look at AUD/JPY.....the candle that is testing the TL, it is to large even on 1 hour time frame..I am waiting for tis candle to close below the TL and may be place an sell order on the lower half of that 4 hour candle. First, lets see where it closes the candle.

Regards.

[chintopinto]

Hi,

Did any one take this trade setup?

Look how price moved up!!

[chintopinto]

Now AUD/JPY has an 1 hour candle to place a sell order, take a look at the screen-shot.

Regards.

[Absh]

Man one great trade on cadjpy... But couldn't catch it.

Here are three potential trades on h4/h1 charts, they are all in the direction of their maintrends on weekly and daily charts.

regards,

[GT3RS]

]OK - so our USDJPY trade didn't trigger - news got in the way!!! Possible opportunity for a bounce off the longer term trendline, but I will want to see a SIGNIFICANT slowdown in momentum before considering an entry.

And for a change, I managed to get myself on the right side of the news [good US news on employment].

My EURJPY trade is currently up 77 pips with sl at +50pips.

[attachment=0]eurjpy.gif[/attachment

Is anyone interested in chatting real time about these setups on skype? If you're interested, message me on skype: rob_plummer

Cheers!

[GT3RS]

Just looking at the other charts you guys have posted, I think we need to be careful entering on such BIG candles caused by news.

Price action during news releases is just "lies" - don't trust it!!

You need to see a significant slowdown on a lower timeframe before considering an entry.

Anyway - everyone have a good weekend - that's the end of trading for me this week.

And don't forget - contact me via skype if you want to talk set ups in real time.

[lawgirl21]

Rob_Plummer--I am very interested in having "trading partner/s" as long as we don't get analysis paralysis. I tried to add you to my Skype address book, but there are many Rob_Plummers. Are you in Louisville, USA or the UK? Please give more information.

I really love this system. I almost never trade against the direction of the weekly RSI(3) unless it is a countertrend trade. If weekly, daily, AND H4 are all showing same RSI direction (which happens often) I know I have a very strong probability of winning directional trade.

I look forward to going the group. Rebecca