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

[il brigante]

Seems they getting rid of the swiss franc.

Or should we not discusses this here? Simpleforex what do you think?

IB

[simpleforex]

Seems they getting rid of the swiss franc.

Or should we not discusses this here? Simpleforex what do you think?

IB

go with the flow...and make money with it thats what I think...

cheers

[antonioforex]

I just shorted EURUSD. Below is my chart with the SL(Red line) and the TP(Turquoise line) marked.

[simpleforex]

I just shorted EURUSD. Below is my chart with the SL(Red line) and the TP(Turquoise line) marked.

EURUSD SHORT.png

Now you are getting the hang of it...good one!

[TrendTrader]

Here is a great setup happening right now. I entered late, but I was managed to cash 2/3 of my position already and left the other 1/3 to see if it is going to bounce through the trendline or breakout the TL.

[il brigante]

gbpaud long

Reasons: Bounce from UTL, Bounce from nearly 61.8 fibo and more importantly because positive realise for gbp and negative for aud (yesterday).

I trail my SL below the latest swing low on the 1h TF, risk gained plus some pips. Now I let the market do what she want to do.

Cheers
IL BRIGANTE

[il brigante]

audusd short

Reasons: Bounce from DTL, bounce from 88.6 fibo.

Notes: I did not enter the trade at the bounce from those levels, because I was waiting for the news from China, as soon as the news came out I went short (red harrow). The growth is slowing down, Australia is link to that growth. Also negative news for Australia (yesterday).

Looking at the chart now after the entry maybe I should have waited for the pull back to enter (green harrow). I guess I still need to learn a lot. Anyway let see how it will end up.

Cheers
IB

[il brigante]

and I missed this one eurusd short

Reasons: Bounce from DTL and 61.8 Fibo and negative release from Europe(France and German).

Notes: I know there are important news coming out of the big guys in Europe later on, that is way I was reluctant to enter. In hindsight I should have already recovered my risk but.. hey is easy to talk after the facts, isn't it? Any comments are appreciated.

IB

[TrendTrader]

Here is reversal of the previous setup I took couple hours ago, now it is reversing. The pinbar formed at the touch of the trendline, and it gave me a green light to take the trade. stop loss is in place.

[TrendTrader]

I exited EUR/USD with an other quick 83pips and I am out already. No greed.

Simpleforex, thanks for the help you are providing in this forum. it paid me well.