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

[GoldenEye]

Looks like my AUD/CAD entry is failing. Bank of Canada announcement later today. Not sure where this one is going.

[GoldenEye]

Got in on the AUD/USD uptrend in a smaller wave last week.
Was concerned about a head and shoulder formation. The previous swing high was just under the right shoulder formation.
Managed to get 216pips.

[toinou21]

hi everyone,
Thanks to every one as well to share your set up, today i did 4 trades, but i made a mistake on eur/usd then i will remember this sentence i read on an other Forum "plan your trade, trade your plan" it's this hardest things for me.
my other trade were one nzd/usd, aud/usd and eur/jpy.

then i got some question who are not really related to our threat, my broker soon will switch to metatrader 5, did someone use this platform before ? and my other question concern the gold, do you think we can use this strategy to trade gold, or even coffee ? i know those question are off topics, so if you don't answer it's fine, i won't take it personally

[GoldenEye]

hey toinou21,
A few people have actually used this strategy trading gold.
Just do a search in the topic and you'll see.

[toinou21]

thanks for your answer, the next 2 months i have to work in england, so i will not be able to trade. i wish good luck to everyone with this strategy. i will be back.
See you

[simpleforex]

Here is a short setup in GBPJPY4HR happening...just placed a sell stop order.

cheers

[simpleforex]

Checked this moring regarding yesterday's gbpjpy trade, my sell stop order got activated, then I got stopped out...and then the price moved back down as I anticipated.Well, this is trading...

cheers

[simpleforex]

Spotted a trade setup in the USDCHF4HR TIMEFRAME. checking the the larger timeframe on the daily, notice that trendline can be drawn on the daily which would coincide with a trendline drawn on the 4hr. checking the 4hr timeframe, notice that the red 4hr candle that intesected the trendline, did not CLOSE, more than 50% below the trendline, which to me indicates a UPWARD BOUNCE OFF that 4hr trendline, and 2ndly, notice that there is an INSIDE BAR or candle subsequent to the candle the intersected the trendline. inside bar formation on such areas of support and resistence formed by trendlines to me, indicate a period of INDECISION. The price can break the TL downward and this will mean a start of a new downward trend, but for the moment, the trend is still up as per the Trendline trading strategy. i will check tomorrow morning to see if this trade gets activated and how it pans out...

regards

[simpleforex]

Got stopped out in this trade.

[simpleforex]

2nd attempt at GBPJPY4HR TRADE. the first attempt was posted recently.
I switched into a much lower timeframe to get in on this one.
around 150pips profit so far.

happy viewing