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

Post your new strategies, discoveries or just ideas for development

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

Postby crushbeat » Tue Jan 12, 2010 2:38 am

hello guys,

I entered too tat trade on USDJPY.. SELL USDJPY..

any other possible trade??
thanks
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby crushbeat » Tue Jan 12, 2010 2:58 am

Hi guys,

I put BUY oder on GBPUSD too.. based on daily trendline with tp to 1,6800

wat do u guys think?

please share if there is possible trade..

thanks a lot

wish u green pips.
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby tps » Wed Jan 13, 2010 9:01 am

hi Guys

I have just discovered Myrons strategy last night and spent a lot of time reading all the material; well done to all of you who have made contributions and to Edward; I have posted my strategies & comments on his site before & really like this strategy; I will start to work with it and will start to post any trades I see, great work everyone !!! may you all make millions of pips;

Tom
Oz
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby crushbeat » Wed Jan 13, 2010 10:10 am

hi tps,

nice to have u on board.. hope u always participate in this strategy..

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

Postby MarketingPro » Fri Jan 22, 2010 8:38 am

I came across your old Forum postings regarding Myronn's Trendline Trading Strategy...
http://forex-strategies-revealed.com/ad ... g-strategy
...and, as it was originally posted a 18 months or so back, just wondered how you guys were getting on with using it now, and how it's working out for you?

Also could anyone clarify one thing in the Trendline Strategy. On the above page in the Trading Rules Myronn quotes "at least 5pips below the LOW of the candle that touches or intersects the trendline" but then in the screenshot image below the text he states "below the CLOSE of the candle"...

...can I ask is the Buy/Sell Stop (entry point) of the Strategy 5 pips below the "LOW" (or above the High) OR is it 5 pips below/above the "CLOSE" of the candle that breaks the trendline?

Thanks for your help in understanding this.
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby chintopinto » Fri Jan 22, 2010 11:46 am

MarketingPro wrote:I came across your old Forum postings regarding Myronn's Trendline Trading Strategy...
http://forex-strategies-revealed.com/ad ... g-strategy
...and, as it was originally posted a 18 months or so back, just wondered how you guys were getting on with using it now, and how it's working out for you?

Also could anyone clarify one thing in the Trendline Strategy. On the above page in the Trading Rules Myronn quotes "at least 5pips below the LOW of the candle that touches or intersects the trendline" but then in the screenshot image below the text he states "below the CLOSE of the candle"...

...can I ask is the Buy/Sell Stop (entry point) of the Strategy 5 pips below the "LOW" (or above the High) OR is it 5 pips below/above the "CLOSE" of the candle that breaks the trendline?

Thanks for your help in understanding this.



Hi Mark,


I have attached a screen-shot for you to look at it.

Let me know if you have more quetions.

Best regards.
Attachments
USDJPY7.jpg
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby chintopinto » Fri Jan 22, 2010 11:48 am

Hi Mark,

This is the trade.

Regards.
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USDJPY8.jpg
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby chintopinto » Fri Jan 22, 2010 3:10 pm

Almost reaching the profit target.
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby kojack » Mon Jan 25, 2010 10:59 am

Hey everyone I'm new to this system but have spent the last week looking at potential trades. I think I found one on the EUR/NZD. Please give me your thoughts and ideas.
screen shot.gif


Talk to everyone soon, Kojack
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby wirrison » Mon Jan 25, 2010 12:51 pm

Firstly Edward, hanks for the forum, ive been watchin this specific strategy since September from the previous myronn post.

Secondly, Chinto Pinto : Your patience is 2nd to none. It's inherently difficult for people to hold on to trades for as long as you do.

NOW LADIES AND LADS, I hope you listen to this carefully. Almost everyone gets enticed by Myronn's numbers and figures that he posted onto his account, and making more than 100% in 2 weeks.

Now here is one thing that I've seen that Myronn did that I think everyone else here omits, and this is what made him a legend...
In every move for this strategy there's also a mini move in the same direction. Like the Elliot wave theory, there's waves within waves and trends within trends. I scrutinised every trade that was posted by Myronn to the dot. When he used this strategy, he ALWAYS looked to MAXIMISE ON WINNING POSITIONS BY ADDING TO THEM. However he followed the strategy rules strictly when he did this, by using the strategy within the mini trendlines which were within the Major trendlines he was trading.
Have a look here : http://forex-strategies-revealed.com/fi ... shot_1.jpg
And Here : http://forex-strategies-revealed.com/fi ... shot_2.jpg

So on one big trade, he would be able to make another one or 2 mini profitable trades in the same direction USING THE SAME STRATEGY, usually when the big trade is nearing the T.P.. Take this into consideration, but remember as you add onto trades, ASSESS EACH TRADE ON ITS OWN MERIT.

Kind Regards
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