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

[kiddragon1412]

Finished 2 trades today with this system : +128 P
I have the same system with this one , just a bit different , I called my system name "Multi Flexible TrendLine System "
Although they're not same as each other 100% , but anyway they're great strategy that can help us profitable in this market
Nice to see all at this forum !
Regards

[Azim166]

Finished 2 trades today with this system : +128 P
I have the same system with this one , just a bit different , I called my system name "Multi Flexible TrendLine System "
Although they're not same as each other 100% , but anyway they're great strategy that can help us profitable in this market
Nice to see all at this forum !
Regards

Hai Kiddragon1412,

Do u mind to share how your strategy works?

[kiddragon1412]

Hi !
At the moment , I'm still demoing trade with my strategy , I have updated it more accuracy because of combination with Myronn's trendline system , thanks him for great topic . After 1 years with demo account , real account , now I will keep to demo trading to build my system more accuracy as possible , with solid plan and right psychology , then go real again later , now I don't want to be winner in this game , the art of trading is not winning as possible , it's about not losing . Any Forex Trading system can be mastered within a short time , but the MAIN important part of this game is about mastering yourself !
I'm building it more and more with demo daily trades , I will try to make a great strategy and share it for everyone who are interested in . I'm collecting more information to build rules and plans for my trading strategy , once everything done I will create my trading journal and start to discuss about this strategy with everyone
Thank you
I'm very happy to know about this forum
Regards
Good trading
Tuan

[bradrtony]

.... but I ve got to comp late from weekend, so placed a BUY LIMIT, which where executed a day later (on Tuesday), now its not sure where the market goes, seems like TL is under test.

Anyway, hello everybody, happy to see such forum.
Antony

Hi there,
I'm sorry to say that in my opinion , your trade is not right with this system , here are reasons :
1 ) P/A is not breakout the high price of candle that TOUCHED the trendline ( need for confirmation for Long Orders )
2 ) Your SL is placed at previous swing low , it's risk if PA retest this level ! You should down your SL for 5-10pips below this area !
It's just my opinion , sorry if they're wrong
Regards

2 Tuan

first, thanks a lot for your feedback, happy for that
second, the entry way as you say, lets call it trying to hunt the market when I came late instead of let this trade go and wait for another.
also I should wait for second regular entry as you have described (breakout of the hight of signal bar - that which touched the TL)
third, the SL was accordingly to MM and max risk for one trade, and, my understanding is that if the price breaks the TL, thats a first signal that the market is turning otherside, so the fact that the price reaches the same level as last swing is enough for me to leave

to your idea 5 - 10 pips bellow last swing because the price might re-test, please share how you place entry order.
also 5-10 pips above/below the signal bar?

looking forward for more co-op
Antony

[kiddragon1412]

Hi,
In fact if you can keep watching PA when it go near trendline , S/R area , it will be the best to trade at that time without pending orders . Because pending orders strategy can easily destroyed by long shadow candle , one of the common candle that trying to cheat our trades , it filled our order and immediately go against us ....In my strategy , I think that Support Or Resistance can be modified by these long shadow candle , I haven't seen anyone given the same thinking about this , but it's true on my chart .
Regards

[kiddragon1412]

Hi,
Finished 1 trade today for + 118 P take Profit

[mahr]

hi kiddragon,
it's also been my problem, some of my pending orders were just triggered by those long tails of the candles then suddenly the price would just go against me.. i just hope you could share with us very soon your whole ideas/strategy, and on what to do to avoid those long tails triggering our pending orders then would just go the other way.. hadn't been for that, i would say, this strategy would hit around 80% to probably 90% accuracy..
(in your case, i think it has been 100% accuracy.. good job kiddragon!)

[kiddragon1412]

hi kiddragon,
it's also been my problem, some of my pending orders were just triggered by those long tails of the candles then suddenly the price would just go against me.. i just hope you could share with us very soon your whole ideas/strategy, and on what to do to avoid those long tails triggering our pending orders then would just go the other way.. hadn't been for that, i would say, this strategy would hit around 80% to probably 90% accuracy..
(in your case, i think it has been 100% accuracy.. good job kiddragon!)

Hi,
In this market , no system or robot have 100% accuracy , remember that if you have right money management and 50-60% accuracy , you're on the way to be rich man . Pending orders have advantages such as helping us to enter trade sooner and have smaller stop loss , then its disadvantage is easy to be cheated by market maker and news announcement , or long shadow candle . I don't have great ways to void these long shadow candle , because they're happened in future and I can't predict future , the only way I can suggest here is if you are at your computer , so take a bit time to monitor your chart when opportunities are appearing , so trade what you see not what you expected.

You can see my example below , sorry if this was not what you are looking for or another person has posted
I keep to trade with simple rules , no indicator needed


Regards

[mahr]

hi,
now it made the strategy much clearer for me now kiddragon with your sample, thanks.. btw, it seems to me that you use trailing stops for your profit, right?
i'm still on demo and i discovered this strategy just last week, i'd like to say thanks to everybody..

[kiddragon1412]

hi,
At the moment I'm working on demo account to build and fix my plan for more accuracy , you can get big profits with less risk if you use trailing SL ALONG currently trendline , then exit ALL Trades after trend was reversal ! I tested , it can take up to 2000-5000 pips per trend ( multi trades closed ) , but if trend is not Long enough for trailing SL and it change too soon from up to down and opposite, then your trades can be touched Stoploss and you must quit with small profit . Anyway try to find what work and fill your attitudes
Regards