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

[Absh]

Hi there lawgirl,

Regarding your audusd order, I would like to ask you why you placed a order in the middle of the rally? As we don't know if the market makes a correction wave downards and it may hit your SL and make a move upwards again.
If you have added some other rules to the strategy please feel free to let us know as I would gladly discuss it

Also I've placed a long order on gbpusd as it is very close the daily TL take a look on my chart.


Best regards,

Absh

[lawgirl21]

Hi Absh--I posted the weekly chart, but I actually entered the trade based on the H4 chart. Exited with +27 ($270). Got out because I could not monitor the trade and do not like to have open trades over the weekend. Also got out early on gold ($150) and NZDUSD long $50. Met my goal of $400-500 per day, so I'm happy. I haven't had a chance to check to see how these 3 pairs ended the day.

[teodosy87]

Hey Absh i do not see why you enter this position what i mean is that i do not see any line that should be considered as important in your example please look at myron pictures also in chinopinto pictures and you will see that they rely on really good trend lines. What i want to say with this is that this strategy is real beauty as long as you do use it correctly. I hope that this was not takes as insult because it is not i just wanna point for all of you here that trading is not trading to trade but trading to make money. When you trade you have to have a reason to trade do not find reasons to trade find reason why not to trade and when there is none than you have to trade. I did really deep study of this method and when trend lines do work best and was amazed by the results this system do work perfectly!!! What i find is that the lines do not have to be sharp in order to give you REALLY good trades they have to be "soft". Do some study on this in 4hr TF and you'll see what i mean and i am sure you will be amazed. All of you look how myron draw his Trend Lines look at the angle you can see why he was successful and you can see why you are not successful using this method. I do think that this method works best on 1 hr, 4hr, Daily i do think myron has successful rate of 62% because of the lower TF. You must know big money are on big TF also look for lines that are not touched more than 2 times ..... do this look at a line that is touched 3 and more times and compare signal from 2 touched and 3 touched and you'll see that 2 work best unless your 3 touches are on diff direction .... what this mean is the line could be drown different from 1 to 2 and from 2 to 3 if it is the same it will fail or it will not give you the bounce of 2 touches. REally look at the lines when they are softer i did this and i did not see any line fail till now! NONE it is not important to tell you how to do it it is important for you to do it for yourself because only then you will truly learn. Last but not least do not over trade do not! There are really good trades worth more than 500 , 600 pip and this is only one trade .... do not take any trade .... have a plan .... have a stop loss ..... have a target ..... only then you will be successful. Treat forex as BUSINESS because forex is a business is not a game you play is not as easy as most ad in the web say it is boring only when you are prepared to trade and when you really know what you are doing so train to make forex boring : ))))
I really hope that this will help someone in their journey to become forex trader do not be one of many be one of least that do make money. Once again do not overtrade this do not give you any money trade to make money not to trade. This was all guys i really enjoy your post and hope that there will be much more post with setups and that every setup will be better than previous.

Teodosi

[lawgirl21]

Teodosi, what kind of drawdowns are you prepared to take when you are looking for 500-800 pips at a time on larger timeframes?

[lawgirl21]

Are you still using Teodosi Simple System with success?

[teodosy87]

No i do not trade the system anymore i do not use any indicators anymore i am learning the right way trading s/r trend lines and fibonacci and candlesticks.
I will show you a picture of how i draw trend lines.
This is a pic of how i draw TD also you can see that this setup can give more than 1000 pips : )

[Absh]

Hi teodosy,

Thank you for your post,

I know what you mean. However there is a slight difference pn Myronn's trendlines and Chinto's trendlines. If you take a look on Myronn's chartexamples you'll see that on his TL's, most of the time the market trades on the other side of the TL but pulls back and obeys the TL's later on. He also draws inner and outertrendlines. Chinto does connect his swing highs/lows with eachother and prefers not to draw TL's where the markets has traded on the opposite side. What I want to say is that if we have 2 swings to connect we should draw the TL according to them and WAIT for a 3rd touch . My mistake In the usdjpy example above was that I moved the line when the market was close to a 3rd touch the this 3rd point when it wasn't really finish to test the TL yet. ( The real TL with the 2 earlier points)

Regarding the gbpusdh4 order I placed it it because the weekly chart have a uptrend and then I switched to daily and saw that it is really close the weekly TL and placed a long position because that bigger timeframes goes before smaller TF's.
It has however made a lowerhigh which could indicate a trendbreak.

[Absh]

No i do not trade the system anymore i do not use any indicators anymore i am learning the right way trading s/r trend lines and fibonacci and candlesticks.
I will show you a picture of how i draw trend lines.
This is a pic of how i draw TD also you can see that this setup can give more than 1000 pips : )

A really good one, defenitly worth to check out

Regards,

Absh

[teodosy87]

You are right ABsh for Myron and Chinto i do think that myron did this because it was on demo and he entered every possible position. When i study this system i did a study and as i said when the lines are softer we have really great moves and price obey them most of the time. I think that we as trader should look only for best probabilities and avoid not so good ones .... when we trade REAL MONEY. For you weekly chart i do think that we have to have low or high already to join the lines not doing it with every single candle we THINK is good one. As i said in my previous post please do not think this is an insult i just want to help you with my knowledge. I will post some examples that i do think are good examples. This is how i understand using this trend lines and after i did some visual test back in time they sure did their job as best as they can.

[teodosy87]

These are really recent trades on EUR/JPY i hope you can see what i mean by soft liens work best : )