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

[mooniekool]

Anyone still here ???, it's very quiet here !!!

[krishna]

hi to all

I am new here, from India.... my name is Krishna... 1st of all Thanks a lot to Edward & Myronn and other guys too...
Now i am doing the demo account in Forex.
Please anyone help me to understand this strategy well.. Because in my chart i am drawing 4 hr, 1 hr & even 30 mints trend lines. My problem is what time frame trend line use to place the order....
Here i attached the screen shots of EURAUD...
THE YELLOW COLOR IS 4HR TRNDLINE, WHITE COLOR IS 1HR TRNDLINE, BLUE COLOR IS 30 MINTS TREND LINE
CAN I PLACE AN ORDER WITH THE 30 MINTS TREND LINE OR CAN I WAIT TO PRICE TOUCH THE 4HR YELLOW TREND LINE ?

Thanks in advance
Krishna

[krishna]

is any one there... I have problems with entry points... Please Anyone help me....

[mooniekool]

hi to all

I am new here, from India.... my name is Krishna... 1st of all Thanks a lot to Edward & Myronn and other guys too...
Now i am doing the demo account in Forex.
Please anyone help me to understand this strategy well.. Because in my chart i am drawing 4 hr, 1 hr & even 30 mints trend lines. My problem is what time frame trend line use to place the order....
Here i attached the screen shots of EURAUD...
THE YELLOW COLOR IS 4HR TRNDLINE, WHITE COLOR IS 1HR TRNDLINE, BLUE COLOR IS 30 MINTS TREND LINE
CAN I PLACE AN ORDER WITH THE 30 MINTS TREND LINE OR CAN I WAIT TO PRICE TOUCH THE 4HR YELLOW TREND LINE ?

Thanks in advance
Krishna

Hi, you can place your short entry order below the candle 30 min trendline. the 30 min trendline is valid and can still be a resistance.
If the entry is not triggered then you can wait for 1HR trendline or 4HR trendline

[Melisa]

Hi ,
you can try counter trendline, once counter move is finished, your counter TL will be broken and in most cases retested. Its conservative way but for me it works good. I also look if i have any rejecting price pattern.

Good luck!

[TrendTrader]

It is unfortunate this thread is quite dead even though it has a load of great information. There are always loads of setups in a single currency if we all have patience to wait for them, the pay off is great.

[tozsdeprofit]

your chart is very confusing.
which direction do you want to trade?
The trend is bearish.
why do you looking for bullish setups?

[TrendTrader]

your chart is very confusing.
which direction do you want to trade?
The trend is bearish.
why do you looking for bullish setups?

"You chart is very confusing"
Hi, yes it can be confusing. In the previous chart, I was illustrating the past opportunities where a trader could had taking a trades "where the arrows are"

"Which direction do you want to trade"

I trade what I see and I try not to predict the market. At the time of the previous chart, It showed that it hit the yellow line RESISTANCE and it bounced back around 140 pips hit the inner trend line and bounce back up around 200 pips and broke the resistance yellow line . that's why I have trend lines, to show the supports and resistance.
I personally trade with the trend and retracements. In the previous chart, you would see the inner and outer trend lines for retracements.

"the trend is bearish" "Why do you looking for bullish setups?"

The market has been bullish for the past two weeks, it went from 1.3144 and it is now 1.3888 as I am writing this reply. Here are couple charts that show how I look at the chart. The first one 4 HT and the second one 1HT.

My regards,

[TrendTrader]

Few great setups, let'see how are they gonna turnout.

[TrendTrader]

I am waiting for 1 hour candle to close to set pending order

eur/usd