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

[chintopinto]

Hi Guys,

I'm from Brunei.Just want get your opinion on my set up,I tried to trade by using Myronn strategy.Am I right doing it?.I draw channel on Daily looking for price bouncing back or getting back into the channel when it breaks the trendline.Then I draw channel again on H4 according to the price bouncing on the trend line on Daily then draw trend line again according to price bouncing on the trend line happens on H4.Means I can trade on 30m,H4 and Daily.But the price keeps touching my stop loss.I have been demoing this for 3 days only.Maybe you guys can help me out.

Cheers,
Las

Hi Las,

The Stop Lost should be place outside the TrendLine.
The Entry should be place once the candle closes, if the candle you are using is to large, than you can place your Entry order half away on that particular canlde.

Looking at the screen-shots you provided, it seems like a good setup.

Keep on finding trade setups, you will see that it becomes easy latter on.

Best regards.

[chintopinto]

Hi all,

I am convinced this system works. I will start testing with you guys. Great forum and team.

Nice to see you here!!

[chintopinto]

Hi guys,

Take a look at this pair, it may be a good setup.

Regards.

[chintopinto]

ALso, take a look at the Trade setup Absh Posted last week for this week.

[Las]

Thanks guys.Now I managed to lock in some profit,I tried to move my stop loss as price move.take a look at this chart,wonder if the Daily going to touch the resistance or not and also H4 chart will see if the price will come to the trendline

[Las]

Hey guys,
take a look at this GBPUSD H4 chart,this might a good entry

[chintopinto]

Thanks guys.Now I managed to lock in some profit,I tried to move my stop loss as price move.take a look at this chart,wonder if the Daily going to touch the resistance or not and also H4 chart will see if the price will come to the trendline

Yes, if it comes down to the TL , it could be a good place to enter a trade.

The Stop Lost can be move once price has move have away your target or after every swing high/low so that you don't get stoped out at lot.

Regards.

[Las]

Thanks for the advice chintopinto,now I understand how.Urmm do you trade london session or asian session?

[chintopinto]

Thanks for the advice chintopinto,now I understand how.Urmm do you trade london session or asian session?

I would say i trade almost the three sessions, is not that i set in front of the computer day and night, is because i usualy take trades using 4 hour charts and so, doring the day i am able to check the computer every hour or evry tow hours and at night , i only sleep about 6 hours and like i said, using 4 hour charts, you don't miss much if you are away from your computer 6 hours because it is only 1 1/2 4 hour candle.

Regards.

[moneymogul]

Possible short on Aud/Jpy