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

[Las]

Found possible entry on AUDCAD Daily

[chintopinto]

Hi every one,

Take a look at the screen-shot.

Regards.

[chintopinto]

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

Happy for you,

But i see that the EUR/GBP is still going down ? Di you exited early? Anyway, i like that setup on the Daily AUD/CAD.

Regards.

[sorento]

Hello Chintopinto,
I hope U must have exited your audjpy trade. Thank you for identifying that cluster.Your analysis of the s/r is correct. What you failed to realise is that it is untested and the formation of the pinbars signifies a reversal..While U were waiting for a reversal I went long and I am 65 pips up hoping for the price to get to 81.35 for my exit. This s/r level is untested and may cause a areversal of the uptrend.
Regards,
Sorento.

[Las]

Hi chintopinto,

Yeah I did exited early because I saw the price is retracing back to the trend line but then it turn back going down.Well,too bad for but its ok for me because I did catch up little profit on that pair

Cheers,
Las

[chintopinto]

Hello Chintopinto,
I hope U must have exited your audjpy trade. Thank you for identifying that cluster.Your analysis of the s/r is correct. What you failed to realise is that it is untested and the formation of the pinbars signifies a reversal..While U were waiting for a reversal I went long and I am 65 pips up hoping for the price to get to 81.35 for my exit. This s/r level is untested and may cause a areversal of the uptrend.
Regards,
Sorento.

Hi Sorento,

You are the man!
Somebody is got to make the $$$.
Yes, price went up ...good for you!
I am still on the trade...i moved the stop lost to break even.

Regards.

[chintopinto]

Hi chintopinto,

Yeah I did exited early because I saw the price is retracing back to the trend line but then it turn back going down.Well,too bad for but its ok for me because I did catch up little profit on that pair

Cheers,
Las

That is good that you got some pips out of it!

Regards.

[sorento]

Hi Chintopinto,
My target of 81.35 is hit with a reward of 100 pips. It seems that our practice of setting our TP to de next swing H/L is flawed. De power of an untested S/R is enermous both for entry and for exits.Fx is dynamic and as hidden behaviour of de market is revealed we should incorporate them for safer trading, afterall de aim is to make the pips and keep them.
Regards Sorento

[Blogworker]

Hi Guys, you making a nice job here !

I have 2 little indicators for you - i think it is helpful for lazy traders or this people, who will not staring 24h at the screen.
I attached the simple Trendline Alert Indicators - hope, you find this helpful. One is for horizontal and the other is for diagonal Trendlines.

You can changed in the settings the alert options - for example 5 or 10 Pips Alert, before the price come to your Trendline. It makes my Trading very easy.
I set up my Charts, observing the actual situation, draw my Trendlines and go in the garden to play with my kids. A alarm from my Computer wake me up - its Trading Time

[chintopinto]

Hi Chintopinto,
My target of 81.35 is hit with a reward of 100 pips. It seems that our practice of setting our TP to de next swing H/L is flawed. De power of an untested S/R is enermous both for entry and for exits.Fx is dynamic and as hidden behaviour of de market is revealed we should incorporate them for safer trading, afterall de aim is to make the pips and keep them.
Regards Sorento

Hi Sorento,

I see your point.

Regards.