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

[lawgirl21]

going = joining Sorry should have previewed.

[Las]

Hi guys,
I got problems with trend line.most of the time it bounces off without touching the trend line and breaking the trend line.Maybe the way I draw the trend line are wrong.I draw from the first two swing low or swing high.can anyone help me with these??

[lawgirl21]

I believe you have waaay to many indicators on your charts. Too confusing and not KISS, which I believe was the way
Myronn intended this strategy.

The kind of price movement you are describing--bouncing back and forth between price channels-- is a perfectly legitimate way to trade, but it is not the kind of trading we are looking at on this thread. Go to Money Management System #5 to look at channel trading. I use channel trading of range bound markets with success.

The only two pairs that I believe are set for a trend line trade come Sunday afternoon are EURGBP to go long and EURAUD to go short. What do others think? Rebecca

[manus168]

@Las;

Please becarefull with the Indicators : "Snake In The Border" (Histogram red & green)

It is a REPAINT Indicators.


Kind regards;





Manus168

[lawgirl21]

But so is ZigZag (repainting, that it). To find a nonrepainting ZigZag indicator go to http://www.forexfactory.com then to Forum, then to "ZigZag No Repaint" and upload to your custom indicators. I would put the link directly here if I knew how to do it. Sorry.

[Blogworker]

To find a nonrepainting ZigZag indicator go to http://www.forexfactory.com then to Forum, then to "ZigZag No Repaint"

@lawgirl21 - do you mean this NonLagZigZag_v2.mq4 ? I have the indicator attached.

[GT3RS]

Rob_Plummer--I am very interested in having "trading partner/s" as long as we don't get analysis paralysis. I tried to add you to my Skype address book, but there are many Rob_Plummers. Are you in Louisville, USA or the UK? Please give more information.

I really love this system. I almost never trade against the direction of the weekly RSI(3) unless it is a countertrend trade. If weekly, daily, AND H4 are all showing same RSI direction (which happens often) I know I have a very strong probability of winning directional trade.

I look forward to going the group. Rebecca

Hi Rebecca,

Yeah - I'm the UK one!! Didn't realise I had such a common name!!!

Hope to catch you [and everyone else] on Skype.

I'll try to set up a group [once I've figured out how!!].

Cheers!

[lawgirl21]

To find a nonrepainting ZigZag indicator go to http://www.forexfactory.com then to Forum, then to "ZigZag No Repaint"

@lawgirl21 - do you mean this NonLagZigZag_v2.mq4 ? I have the indicator attached.

Yes, that's the one. I just found it. Havent had a chance to check it out. How do you like it?

[GT3RS]

Hi all,

EURUSD looks like it might be a classic trendline break and retest. Whether this is the end of the long bull run on EURUSD remains to be seen, but I'm looking to go short.

I have set up a group on Skype - all you need to do is add me as a contact, and I will add you to the group!

Cheers

[GT3RS]

I'm short audjpy - got in it a bit late, but as you can see, there is a bounce off the downslope trendline and a break of the upsloping one.