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

Post your new strategies, discoveries or just ideas for development

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

Postby simpleforex » Thu Feb 24, 2011 6:32 pm

maudur wrote:What Do you think about this chart?

Do you could open a new BUY STOP?

Maudur


See comments on the chart...
Attachments
audchf 4hr setup.gif
audchf setup
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby simpleforex » Thu Feb 24, 2011 6:41 pm

current aud trade & some past trades as well...
Attachments
aud trade.gif
aud trade
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby maudur » Thu Feb 24, 2011 10:42 pm

simpleforex wrote:
maudur wrote:What Do you think about this chart?

Do you could open a new BUY STOP?

Maudur


See comments on the chart...


Thank you Simpleforex. Excellent answers.

In these 2 days, I tried with 4 orders in different pairs but I stopped out in all its. is this normal or is it that I'm doing very badly? Thanks.

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

Postby simpleforex » Sat Feb 26, 2011 6:32 am

maudur wrote:
simpleforex wrote:
maudur wrote:What Do you think about this chart?

Do you could open a new BUY STOP?

Maudur


See comments on the chart...


Thank you Simpleforex. Excellent answers.

In these 2 days, I tried with 4 orders in different pairs but I stopped out in all its. is this normal or is it that I'm doing very badly? Thanks.

Maudur


No worries mate! it would be good if you could post screenshots of your trades in here so we can see what YOU ARE SEEING...because, if WHAT YOU ARE SEEING and trading is NOT what EVERYBODY around the world (traders) are seeing and trading,....then THAT is a problem especially when it comes to support and resistance trading like the one provided by the TRENDLINE TRADING STRATEGY. the points you use to draw trendlines must be VERY OBVIOUS to EVERYBODY...they have to be SIGNIFICANT points...not ambiguos(is my spelling correct here????)

Anyway, the point is if you are using a support and reistance based trading system, i think it is imperative that you try to get a view of what everybody out there is seeing and understand the behavious of how majority of them will respond to these levels when price reaches these significant levels of support and resistance. the trendline itself (if you dont know) provides diagonal form of support & resistance which separates if from the horizontal support and resistance trading.

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

Postby simpleforex » Sat Feb 26, 2011 6:43 am

Regarding the audusd trade i posted a couple of comments back....
Attachments
audusd trade update.gif
audusd trade update
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby simpleforex » Sat Feb 26, 2011 6:53 am

anyone took a shot at this trade setup???
Attachments
did anybody take this.gif
nice trade setup
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby simpleforex » Sat Feb 26, 2011 6:58 am

maybe nice is an understatement...it was a perfect setup.
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby maudur » Sun Feb 27, 2011 11:02 pm

simpleforex wrote:anyone took a shot at this trade setup???


Hi,

I entered. I moved the SL to BreakeEven because was Friday. What do you
think? Thanks.

Maudur.

EURGBP Feb-26-11.JPG
EURGBP
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby TrendTrader » Mon Feb 28, 2011 7:50 pm

Hi all, simpleforex, the eurgbp is a great setup, I gained pips and i want to keep some profit. so the stop loss is little tight.
by the way, I am still using a demo account.

best luck to you all.
usdchf 4h.gif
usdchf
eurgbp4h.gif
eurgbp
cadchf4h.gif
cadchf
"Proper patience is needed throughout the lifecycle of the trade, at entry, while holding and exit" Dennis Gartman
“Self discipline is when your conscience tells you to do something & you don’t talk back.” W. K. Hope.
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby TrendTrader » Mon Feb 28, 2011 8:03 pm

Check this out USD/CAD, it may be a good setup.
usdcad4h.gif
usdcad
usdcad4hbig picture.gif
usdcad big picture
"Proper patience is needed throughout the lifecycle of the trade, at entry, while holding and exit" Dennis Gartman
“Self discipline is when your conscience tells you to do something & you don’t talk back.” W. K. Hope.
TrendTrader
 
Posts: 84
Joined: Sun Dec 19, 2010 11:46 pm

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