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

[sorento]

Hellow Chintopinto.
If ur 7.00 or 8.00 gmt closes below 6 00 gmt candle NU is gonna sell.

[sorento]

Hellow Chintopinto.
If ur 7.00 or 8.00 gmt closes below 6 00 gmt candle NU is gonna sell.

Hi Chintopinto,
I hope U exited Ur NU contract b4 any damage was done as U did not apply ur SL. U see there are so many hidden behavior of de FX market and one need know many. I laugh when some people say they will stic to some static rules. We got to widden our base b4 we can have flawless trades.
More pips to ur elbows.
Regards,
Sorento

[mandod]

Chintopinto,

The discipline you're showing while staying in trades is amazing. Congratulations. Exits are all important, as you're showing. I know you use a minimum of RR 1:3, which means even if that was the maximum, too - which you've shown it isn't - you only need to win three trades out of every ten to be ahead.

Obviously, you'll have some breakevens, too; but, out of interest, can you say what your overall win rate is?

Cheers,

Dod

[Las]

Hi Chintopinto,

Regarding your trade on EURCAD, do you take the trade on the lower Trend line when your trade on the upper trend line hit your profit target on the lower trend line? or you do not take the trade coz you said before trade according to the main trend. I am still confuse with different market scenario and I lose 90% of my account due to fake entry luckoly its just demo account. I have lots to learn and practice a lot

[Las]

Hi Chintopinto,

I have a scenario here which make difficult to make a decision. I dont know if price are going to touch my profit target or not since it has touched the upper trend line 3x and lower trend line 4x. My problem is I dont know if it is a valid entry or not. maybe you can help me with these pweshh

Kindly regard,
Las

[chintopinto]

sorento wrote:
Hellow Chintopinto.
If ur 7.00 or 8.00 gmt closes below 6 00 gmt candle NU is gonna sell.


Hi Chintopinto,
I hope U exited Ur NU contract b4 any damage was done as U did not apply ur SL. U see there are so many hidden behavior of de FX market and one need know many. I laugh when some people say they will stic to some static rules. We got to widden our base b4 we can have flawless trades.
More pips to ur elbows.
Regards,
Sorento

Hi Sorento,

I am still in the NZD/USD trade, there is not damage jet, i don't know if there will be damage latter on.

I agree with you on the hidden behavior of the Forex Market.

Best regards.

[chintopinto]

Hi Chintopinto,

Regarding your trade on EURCAD, do you take the trade on the lower Trend line when your trade on the upper trend line hit your profit target on the lower trend line? or you do not take the trade coz you said before trade according to the main trend. I am still confuse with different market scenario and I lose 90% of my account due to fake entry luckoly its just demo account. I have lots to learn and practice a lot

Hi Las,

Practice, practice is good!!

-Do you take the trade on the lower Trend line when your trade on the upper trend line hit your profit target on the lower trend line?
No, this pair hapened to be making a LT formation to the up side almost at the level where i had planed to take my profit, a TL formation that is now broken.

Las, patience is ONE of the key points on this business that alow you to practice and practice and see what works better for YOU, and if you are patience enougth, you will become better and better.

[chintopinto]

Hi Chintopinto,

I have a scenario here which make difficult to make a decision. I dont know if price are going to touch my profit target or not since it has touched the upper trend line 3x and lower trend line 4x. My problem is I dont know if it is a valid entry or not. maybe you can help me with these pweshh

Kindly regard,
Las

Hi Las,

I have attached a screen-shot of the NZD/USD for you to look at it.
You can take counter trend trades, this pair has make a nice move to the down side, so, it wouldn't realy be a counter trend trade if you place a trade on the hourly TF to the down side.

Best regards.

[chintopinto]

Chintopinto,

The discipline you're showing while staying in trades is amazing. Congratulations. Exits are all important, as you're showing. I know you use a minimum of RR 1:3, which means even if that was the maximum, too - which you've shown it isn't - you only need to win three trades out of every ten to be ahead.

Obviously, you'll have some breakevens, too; but, out of interest, can you say what your overall win rate is?

Cheers,

Dod

Hi Mandod,

Thank you for your kind words!

I am not sure of my overall win rate, since i use two diferent methods to trade, i would say may be some where in 30 to 40 % ,but sometimes one trade can make what i have lost in 7 or 8 trades and because i only risk a small amount on every trade, that insures that i will live today to play the game tomorrow.

Best regards.

[Las]

Hi Chintopinto,

Thanks a lot for the advice, god I have much more to learn and you are right that practice makes you become better. Anyway I have found and entry on the eur/usd daily, please give me your opinion on my setup if its right or not?? Guess I still need to improve on my setup

Regard,
Las