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

[simpleforex]

GUYS, THIS TRADE IS THE TRADE THAT HAS MADE MAKING MY CHRISTMAS SOOOOO GOOOOOD!!!!!!!!!

[simpleforex]

Ill, brigante, im going short on AUDUSD as well.

[simpleforex]

Guys, regarding the USDCAD setup, this is how my trades actually turned out. ALL 3 IN PROFIT AND STOP LOSS MOVED TO BREAKEVEN.

[simpleforex]

im placing a sell limit pending order on eurcad.why? the previous support area in blue was broken and also tl is broken and seeing the price is going up so the most possible reversal points will be (1)touch the trendline and back down or go to the blue level area and reverse.

will c how this goes.

[simpleforex]

MERRY XMAS EVERYONE, BY THE WAY!

[il brigante]

simple forex, would it possible to explain which criteria do you use to enter the 3 trades on usdcad?
Merry Christmas to everyone

[il brigante]

My orders to go long usdjpy and short audusd have not been triggered and cancelled. Both trendlines have been broken and new trendlines need to apply

[Azim166]

Guys,

Where do you set the profit target between the H4 and H1 chart.

I mean...

Let's assume USD/JPY bounce off upwards.

This is H4 chart.

azim.gif

This is H1 chart.

azim 1.gif

Can Anyone help me with this..please?

[nlenz]

Hi Azim,

If you pick the H1 target then you will reach your target sooner but get less profit, if you pick the H4 target it will take significantly longer to reach (a few days) and also may have several larger pullbacks on the way but your patience should be rewarded in the end, since it goes with the rules for H4.
I would personally go with the bigger H4 target, also for another reason - that usually the price reaches the upper trend line of the ascending triangle (or other trend lines which act as resistances). So I think that a TP of 84.480 should be a good place because it's just below 84.500 which is a round number and therefore another potential resistance too, and since it is close enough to the other targets - the top of the last light blue H4 zigzag and the dark blue upper line of the ascending triangle.

p.s. That specific trade is no longer valid because it crossed the bottom trend line, but my advice would be valid if it would have bounced, instead.

nlenz

[Azim166]

Hi Azim,

If you pick the H1 target then you will reach your target sooner but get less profit, if you pick the H4 target it will take significantly longer to reach (a few days) and also may have several larger pullbacks on the way but your patience should be rewarded in the end, since it goes with the rules for H4.
I would personally go with the bigger H4 target, also for another reason - that usually the price reaches the upper trend line of the ascending triangle (or other trend lines which act as resistances). So I think that a TP of 84.480 should be a good place because it's just below 84.500 which is a round number and therefore another potential resistance too, and since it is close enough to the other targets - the top of the last light blue H4 zigzag and the dark blue upper line of the ascending triangle.

p.s. That specific trade is no longer valid because it crossed the bottom trend line, but my advice would be valid if it would have bounced, instead.

nlenz

Thanks a lot nlenz, what a great explanation! simple and clear Thank you very much you can be the next edward!