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

[chintopinto]

ohh urmm you mean the safest strategy is to wait for price closes below the TL?

Hi Las,

Sorry if i got you confused.
Not , the safest strategy is not to wait for price to close below the TL on the EUR/USD setup exemple.

It is better if price doesn't close below the TL or even trades below the TL.

If price violates the TL and still manages to come back in, with out closing below the TL, it may be a sing the price may want to move back up.

But it is definitely better if price obeys the TL and never trades below.

I have attached a screen-shot for you to look at it , it may help you out, Also take a look at this link that talks about TL. http://www.trendlinebook.com/ I hope this helps, if you have any more questions, just ask me, i will be gladd to help you.

Best regards.

[Las]

ok now that makes me clear.Thanks a lot chintopinto and thanks for the link decided to trade live after 2 months experimenting this strategy with profit

[moneymogul]

Good Morning Folks

There is a possible entry on GBP/USD.... the chart is daily however I will shrink it down to a 4h or 1h to enter depending on the candle formation

[chintopinto]

ok now that makes me clear.Thanks a lot chintopinto and thanks for the link decided to trade live after 2 months experimenting this strategy with profit

I am gladd it is clear for you.
Congratulations on going live.

Regards.

[chintopinto]

This trade has been working out very well. I will soon move the SL to break even. The R:R Ratio on this trade is amagazing.
Lets see what hapens.

[chintopinto]

Good Morning Folks

There is a possible entry on GBP/USD.... the chart is daily however I will shrink it down to a 4h or 1h to enter depending on the candle formation

Hi Moneymogul,

I like this posible setup.

Regards.

[Absh]

This trade has been working out very well. I will soon move the SL to break even. The R:R Ratio on this trade is amagazing.
Lets see what hapens.

Hi chinto,

Where do you set your SL to breakeven?


Regards,

Absh

[chintopinto]

This trade has been working out very well. I will soon move the SL to break even. The R:R Ratio on this trade is amagazing.
Lets see what hapens.

Hi chinto,

Where do you set your SL to breakeven?


Regards,

Absh

HI Absh,

I have attached a screen-shot for you to look at it.

Now i am not risking anything from the initinal Stop Lost.

Sometimes it is not easy to let your winers run, but in the long run, it it better, after all, that is what i had planed on the first place.
With time you will be more profitable leting your winers run untill the price that you selected before placing the order than exiting you trade because you think price is coming back to get you out.

Regards.

[User]

Moved from FSR web

Hi,

Thank you very much for sharing this great strategy.

I would like to know your setting of ZZ indicator. There are also ZZ with 3 levels. Which version of ZZ you are using? Mine is the simple one on metaquotes.net with default setting of :_
Depth=12
Deviation=5
Backstep=3
Will you alter these setting to suit your strategy?

I can see that in your Demo you always use 1 standard lot = USD10/pip, and sometimes you don't apply 2% MM rule on demo. Will you stick to the 2-4% MM rules in Real a/c?

One more thing, when you are trading 1H timeframe, using 4H as trend, what about 1D contradict with 4H, will you take the trade in 1H?

Thank you very much for your time.
Wish you great health and great success.

regards,
Stephen

[Las]

Hi chintopinto,
I have moved my stop loss as price increase on usdjpy, audjpy, gbpjpy and eurjpy.Are my stop loss set up ok? or are there any other rules for setting stop loss so that I didnt always get stopped out and just let the profit run