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

[chintopinto]

Hi again,

There is a possible order on eurcad daily chart, market has touched that TL 5 times.

Will it obey it or break it? What do you think?

Hi Absh,

This would be a real nice trade setup if price bounce back up from the TL.

Regards.

[Almandine]

Hi Almadine,
How do you set your stop order below/above the trendline at a trendlinebreakout?

Similarly to the Myronn system I set the entry point about 5 pips below the first candle crossing the trendline from the above.
It was only an experiment, so I don't say it is the best way to trade the breakouts (but encouraging that it worked the first time I used it). Waiting until a full candle opens AND closes below the TL could be a better signal for a real breakout.

[Absh]

Hi Trendline-strategy team

I tested out as almadine posted to see if I can spot divergences on the swings...

Take a look at these two charts. (aud/chf (h4)) and (eur/cad(h4)).

I don't know if the divergences are correctly drawn so correct me if im wrong.

[chintopinto]

Hi to all, hope every one had a nice weekend.

I am currenly on NZD/USD long.
Take a look at the screenshot.

Lets see how it plays out.

This may be a good trading week.

Best regards.

[chintopinto]

Hi,


This is another trade i am almost out....i got in atlittle be earlly on the 30 minutes TF but it worked out very well as you can see.

Regards.

[Blogworker]

. . . i love your screenshots chinto - very helpful ...............i wish All here in this great opportunity a nice week with a lot of pips

[chintopinto]

Hi guys,

I am looking at AUD/CHF on 4 hour chart...it seems like a nice trde setup.
0.93000 may be a good place to place a buy stop order and a target at 0.95500 and stop as always....below the TL.

Trade safe,
Regards.

[Almandine]

Hi guys,

I am looking at AUD/CHF on 4 hour chart...it seems like a nice trde setup.
0.93000 may be a good place to place a buy stop order and a target at 0.95500 and stop as always....below the TL.

Trade safe,
Regards.

Chinto, may I ask why did you set the TP to 0.95500? It is higher than the last swing high.
I drew the upper trendline, and - if the price obeys it - it may turn back at around 0,947.

[sorento]

Is it a good buy setup if price descends to 1.0491 on uscad?
Regards,
Sorento.

[sorento]

Well price has breached the 4h trendline .o usdcad.