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

[simpleforex]

A SETUP ON NZDUSD...GOING SHORT WITH A PENDING ORDER

[simpleforex]

IM SHORT ON GBPCHF

[il brigante]

I am short gbpusd

[maudur]

by il brigante » Thu Dec 23, 2010 8:15 pm

I am short gbpusd

gbpusd or gbpchf?

[maudur]

Setup on EURJPY

Going Long with a pending order.

[bluehdi]

I´m short in EURUSD 1h

[TrendTrader]

hi, you'r all doing great job, I am gonna try to post for the first time in this forum couple charts. I hope this helps.The charts are really clear, and stop loss suppose to be under the trend line for the USDcan, and over the trend line en eurusd.
Happy trading

[bluehdi]

Also short in EURUSD 4H

[Azim166]

Azim166, why isn't this a "valid entry signal"?

The attachment USDJPYvalid.png is no longer available

The reason why it is not a valid entry signal for me because of the candle formation shown in H4 Chart. As you can see the bullish candle are not very convincing in order for it to bounced up. I add the entry rule for myself, to confirm a bullish signal, there must be at least a SOLID bull candle on higher Timeframe such as H4 chart. To confirm a bearish signal, there must be a SOLID bearish candle too.

You know the higher the time frame, the more reliable of the candle formation.

In addition, I use custom indicators to check the trend in lower timeframe. The Trend is STRONG bearish. so it is unlikely to bounce up.

[il brigante]

To Maudur, sorry I meant gbpchf and I got stopped out