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

[chintopinto]

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

Hi Las,
I am happy to see your trades working out!

For THIS Strategy, i manage my stop lost this way: If price move away half my profit target, i will move my stop lost to break even, this way, i let the trade play out, as you know, the Forex market has big moves in price and using a method like this one, i dont think it is a good idea to be moving your stop lost every time price moves your way at little , you will be stop out of good trades that can generete good profits.

The other way could be, to move your stop lost when the market makes a new swing low/high in your direction, so you could move your stop lost few pips below the swing high on a up trend and few pips above the previus swing low on a down trend.

I think you are doing an amagazing job!

Regards.

[Las]

Hi chintopinto,

hehe thanks for your advice buddy.One more question.When price comes to the trend line,do you wait for the candle to close and enter the trade or do you dont have to wait for the candle to close,instead you use stop order?

[Las]

Hi guys,

Found 2 possible entry on eurgbp and audusd and I have move my stop loss on eurgbp to break even.Will see how far it will go

[Las]

Hit my profit target on eurgbp with $115 profit using this strategy.These are really2 powerful strategy,thank god I found these site.I have never gained these such of amounts before

[chintopinto]

Hi chintopinto,

hehe thanks for your advice buddy.One more question.When price comes to the trend line,do you wait for the candle to close and enter the trade or do you dont have to wait for the candle to close,instead you use stop order?

You are wellcome,

I wait for the 4 hour candle to close, when the 4 hour candle is to large, i use the 1 hour candle, again, i will wait for the 1 hour candle to close to place my entry order.

Regards.

[chintopinto]

Hit my profit target on eurgbp with $115 profit using this strategy.These are really2 powerful strategy,thank god I found these site.I have never gained these such of amounts before

Congrats on your EUR/GBP trade Las !!

That was a fast and nice setup ...your other trades are also working out well.

Regards.

[Las]

Hehe thanks chintopinto.you have helped me a lot on learning these strategy.The price on eurgbp H1 have retrace back testing the trend line then bounce back.I have entered a trade,will see if it will go down touching my profit target.

Cheers,
Las

[chintopinto]

Hehe thanks chintopinto.you have helped me a lot on learning these strategy.The price on eurgbp H1 have retrace back testing the trend line then bounce back.I have entered a trade,will see if it will go down touching my profit target.

Cheers,
Las

Your EUR/GBP it is working its way down as i am writing this!

I have been in trade fore some time on EUR/CAD....it has been working well.....i have now move my stop lost to break even.
After trading below 1.56000 suport , it seems to ME that there is not much to hold price from going lower, we never know,...lets see how it plays out.

Regards.

[chintopinto]

Hi every one,

This is a trade that i am holding to see if it works out the way i planed.

Regards.

[Las]

Hey nice setup on eurcad chintopinto.I hit my stop loss on eurgbp,looks like its going to retrace back to the trend line,maybe it will breaks the trend line who knows.Luckily I had moved my stop loss to break even and captured a little profit