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

[chintopinto]

Hi Chintopinto,

Thanks a lot for the advice, god I have much more to learn and you are right that practice makes you become better. Anyway I have found and entry on the eur/usd daily, please give me your opinion on my setup if its right or not?? Guess I still need to improve on my setup

Regard,
Las

Hi Las,

Yes, at anything that you do in life, practice is what makes you become better at it, and trading is not the exception!

Looking at your screen-shot, that is a valid TL.

Best regards.

[Las]

Hi chintopinto,

Hmmm I think EURUSD are going down by looking at the weekly chart.So I was wrong.Should I exit my trade or I should wait?

[chintopinto]

Hi chintopinto,

Hmmm I think EURUSD are going down by looking at the weekly chart.So I was wrong.Should I exit my trade or I should wait?

Hi Las,

Just place your SL below the TL, if price keeps on moving to the dwon side, you will be out for a small lost which is something we know is going to hapen when we place and order, we lost or we wing, just make sure you lose small and wing more the times you wing and on the long run , you will add up some numbers to you account.

Best regards.

[chintopinto]

Hi guys,

This is a trade i just entered to the down side, take a look at it!!

Lets see how it goes.

Best regards.

[Las]

Hi Chintopinto,

Hmmm looks like the nzdjpy broke the trend line and by looking at the main trend on the H4 and Daily,it is going up touching the lower trend line 3x.Anyway I enter a trade on gbpchf,Price is going up on Daily and H4.Will see how far it will go.I did lose 16% of my capital because of due to three trade that hit my stop loss

[Las]

Hi all,

Found another entry on GBPNZD Daily hit the upper trend line 3x and H1 also hit the upper trend line 3x. Its amazing,take a look at my chart and look how price react touching the Daily trend line and H1 trend line.This might a good sign that price might be going down or may be its just a coincidence.What do you think Chintopinto?

[chintopinto]

Hi Chintopinto,

Hmmm looks like the nzdjpy broke the trend line and by looking at the main trend on the H4 and Daily,it is going up touching the lower trend line 3x.Anyway I enter a trade on gbpchf,Price is going up on Daily and H4.Will see how far it will go.I did lose 16% of my capital because of due to three trade that hit my stop loss

Yes, NZD/JPY did broke the trend line.

Pairs that had been in nice up trends, are now turning a be.
I don't see many good setups this days.

Regards.

[chintopinto]

Hi all,

Found another entry on GBPNZD Daily hit the upper trend line 3x and H1 also hit the upper trend line 3x. Its amazing,take a look at my chart and look how price react touching the Daily trend line and H1 trend line.This might a good sign that price might be going down or may be its just a coincidence.What do you think Chintopinto?

That is great Las!!

That could be a good sing as you said it.

Di you lose 16% on three trades ?
How much are you risking on each trade?

Regards.

[Las]

Hi CHintopinto,

I just follow the rule of what you said before on ratio 1:6 and just put the stop loss outside trend line hehe.Yeah I did only lose 16% of my account on three trades

[chintopinto]

Hi CHintopinto,

I just follow the rule of what you said before on ratio 1:6 and just put the stop loss outside trend line hehe.Yeah I did only lose 16% of my account on three trades

Hi Las,

Some thing alse i use is that i only risk 2% of my total account size and 3% is the most i risk on any giving trade.
When i say, any giving trade, i mean, i don't place two trades at the same time each one risking 2% of my account size because that would be 4% and not 2%.

If i place one trade, i will only place an other one if the current one is up "in profit" of at lest 3/1 R:R Ratio...but i usualy dont have more than two trades.

The other way i do it is, if i see two or three posible trades that i realy like, i can place one trade on each pair risking 1% on each one, that way i ensure that if they go against me, i will only lose 3% total.

Best regards.