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

[Sdot]

What do you guys think of this short i took on AUD/USD

[Sdot]

The daily seems to be moving downward to me and i saw a bounce off the inner trendline. NO?

[wirrison]

Hi guy...
Can you guy help me? I am now on stuck on the Gbp/Cad trade ( live trade) I had drawn a trendline at the bottom, and i'm going for a Long on last wed. The problem is it touches my bottom line, but it still going down. I am losing now. and might get a margin call. I guess i need to deposit some more into the account and w8 for the RISING.

Can anyone kindly help me to predict it will still going down and when might it be moving up again? ( not to be 100% )
THANK again

Nothing is for certain,

From what I can see, this is the lowest it has been since 1992, and it keeps on going lower and there's no trend line to connect it going up. The best way to predict it is by looking at the price movement itself by way of Fibonacci retracements. I believe fibonacci retracements take precedent before any trend line... so use fibo for now. This will give you possible places where it can turn around to go back up if/when it decides to.

[bgaiteiro]

Hi Sdot.

Could you share the indicator (sugested lots...) in blue that your sreenshots shows? Or where can i find it?

Thanks in advance

[Sdot]

Sure..its a tool i had programmed because i got tired of doing it manually
Just enter the percent you want to risk and the distance to your stop

[bgaiteiro]

Sdot

Many thanks for your quick reply and share .

Good trades

[g2nogard]

Hi guy...
Can you guy help me? I am now on stuck on the Gbp/Cad trade ( live trade) I had drawn a trendline at the bottom, and i'm going for a Long on last wed. The problem is it touches my bottom line, but it still going down. I am losing now. and might get a margin call. I guess i need to deposit some more into the account and w8 for the RISING.

Can anyone kindly help me to predict it will still going down and when might it be moving up again? ( not to be 100% )
THANK again

Nothing is for certain,

From what I can see, this is the lowest it has been since 1992, and it keeps on going lower and there's no trend line to connect it going up. The best way to predict it is by looking at the price movement itself by way of Fibonacci retracements. I believe fibonacci retracements take precedent before any trend line... so use fibo for now. This will give you possible places where it can turn around to go back up if/when it decides to.

Thanks for the explanation.
The price has rise back

[g2nogard]

Gbp/Cad...

Thats terrible....

After the rise(22feb 1100) and now it fall back again, a new trendline is formed....
I am back to the worst losing point once again... wonder when will it go back to my buy(long) point 1.64750...

I'm doomed....

[wirrison]

Gbp/Cad...

Thats terrible....

After the rise(22feb 1100) and now it fall back again, a new trendline is formed....
I am back to the worst losing point once again... wonder when will it go back to my buy(long) point 1.64750...

I'm doomed....

You are letting your feelings get controlled by the market. The market doesn't know you are doomed, it doesn't care. I'm sure you should have put a stop-loss somewhere you know if the analysis of the trade goes wrong, then you stop-loss would be hit... or did you? Not having a stop loss is like driving a car without brakes, going sky-diving without a parachute. It's never too late to get out. I would rather lose $5 earlier and admit loss than lose my whole account because I've been holding onto a pipe-dream without proper analysis to support its existence, or possible occurrence.

Do your analysis and see if the conditions of the trade are still met. If they have been violated the there's no point in being in the trade.

[Sdot]

Your Welcome BG.. No Problem

So last night before i went to sleep i spotted and took this trade...I have moved my SL to above the last pull back on M15