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

[Ramirez]

GBD / USD

185 Pips win (and not finish yet)

[toinou21]

I have entered: eurcad long, euraud long and nzdjpy short in all three trades I gained my risk and moved my SL to BE. Lets see if the market is going to be generous.

Hello il Brigante, I just wonder how did you decide to enter the Eur/cad long ? what was your analysis ?
Tank you.

[simpleforex]

I don't know what is happening today, but its CRAZY!!! The market just behaved so good for maximum profit for those that were paying attention...it is quite scary...I already closed 500pips of profit on other trades I took today...some still running in floating profit of around 300pips...shown on charts below.

Im out of the AUDCAD trade with 70pips profit with the when i saw the hammer candle formation on the upward trendline.

Here is an example, for the GBPCHF trade shown below, I traded with 1standard contract, got 0.8 out and left the other 0.2 running. 0.8contract=$1125 just after 3hrs.

regards

[toinou21]

@ Simple Forex : i followed you on Aud/usd. Thank you

[simpleforex]

@ Simple Forex : i followed you on Aud/usd. Thank you

Good on you bro.

[simpleforex]

Here is another tip:

the CLOSE of the 4hr candle and the 1hr candle is MOST IMPORTANT when it comes to trendline trading. 2ndly, the type of candle that is formed there.

For example, below is a chart of gbpusd with different timeframes, notice that there is a significant upward trendline drawn from a larger timeframe. now, notice that the market is right now reacting to that trendline... Now, some aggressive traders will most likely enter long as soon as the trendline is touched and but conservative traders will wait to receive some confirmation first. A good way to do this is to see what kind of candle forms in the 1hr or the 4hr and whether it closed above or below the trendline. Based on that, you can have at least predict with a good degree of accuracy where the market might most likely head to.

[simpleforex]

sometimes, the market will turn exactly at the touch of the trendline like the example of the gbpusd i posted above... if you wait for confirmation in the 1hr or the 4hr, you will at least missed the early headstart to gain those extra pips...what if you can switch to the smallest timeframe to get in early??? Can it be done? Yes,..Now lets have a look at the 5min chart of gbpusd... what is a good way to get in?...you will see that in the 5min chart, as TL is touched, there is a SLOWING DOWN OF THE DOWNWARD MOMENTUM...how do you notice this? By the LENGTH OF THE CANDLES... become shorter...STUNTED...and then, notice that a candle forms and BREAKS that HIGH of the previous candle before it (highlighted in BLUE) and it is a good green bullish candle. There are two ways you can enter (1) enter instant market order as soon as previous candle's high is violated (2) OR wait until this candle closes before you enter at market.

What profit target would you be looking with this kind of entry? 20-30pips can be easily achived.

Regards

[il brigante]

I got stopped out at BE on eurcad

Hello il Brigante, I just wonder how did you decide to enter the Eur/cad long ? what was your analysis ?
Tank you. Toinou.

Price pulled back to my resistance converted in support.

[il brigante]

Locked in 62 pips profit on nzdjpy

[il brigante]

Locked in 195 pips profit on euraud