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

[teodosy87]

Now look how would this look like with sharp Trend Lines. I hope that you can see the difference : ) and i really hope that this will help you somehow with your trading this is the point here and this is the point of this forum after all. DO NOT START TRADING BEFORE YOU HAVE GOOD STRATEGY GOOD MONEY MANAGEMENT STRATEGY AND GOOD PLAN HOW TO ENTER AND HOW TO EXIT TRADES. Enjoy : )

[crushbeat]

hello teodosi,

please teach us more.. if you have any example of trades.. please post here..
so if i am not wrong to catch ur mean.. EURJPY is going to be a sell, rite?

please correct me if im wrong..
I want to learn more..

thanks

[teodosy87]

hello crush the last example is how i think trend lines SHOULD'N be drawn : )
ONCE AGAIN THIS IS MY OPINION ONLY : ) ALSO I CAN SEE THAT THIS IS TRUE ON 1 HR AND 4 HR TF ON DAILY THEY COULD BE MORE SHARPER : ) BUT I PREFER 1 HR AND 4 HR TF : )

[Absh]

Hi again,

To draw trendlines as sharp as possible is indeed much safer, and does filter out false signals as you posted.

I've spotted 2 trades on h4 as per the strategy, which could be worth to check out. Tell me what you think.

[teodosy87]

I like EUR/GBP one and i see a trend line that give you a signal before this last move down : )
Sorry but i did not understand what you mean by to drown trend lines sharper is needed to filter false signals would you please specify if is not a prob : ) i will post some charts with trend lines. Guys i am not saying that i do it right and you do it wrong but after some test i saw that when you do it like i said it`s better
I hope that we will help each other to become much better : )

Teodosi

[teodosy87]

This is how i would draw Trend lines and you can see what i will get with the signals after that : ) i hope that this gives some clues of what i am saying abt softer are better : )

[Absh]

Hi teodosy,

What I meant by sharp trendlines is trendlines where market has'nt been able to trade on the opposite side. Like in my chart below (eurgbp h4 as I posted before)

On the TL you drew the market has been able to trade on the opposite side two times. I have marked the places with circles.

Regards,

[teodosy87]

So basically you want to say that this trend line is stil valid because it hasn't been tested yet? Right or not : )

[lawgirl21]

I would be very cautious about going short on EURGBP. Notice there is a secondary trendline. I would go short only after price hits that TL. Weekly, Daily and H4 trend is still long. My 2 cents worth.

[crushbeat]

hello guys,

is this set up correct?


please comment.
thanks