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

[pumpk1n]

nice strategy. glad to see this thread is back alive! hopefully I will start contributing:)

[simpleforex]

............missed this.........

[pumpk1n]

haha yeah i missed that one too. It must of happened around 4~5 am EST...
How would we capture this set up? I thought about using limit orders...but there's always a chance that it will break our resistance!

[simpleforex]

...don't like limit orders...tendency to get leftout...stop order is like waiting in ambush on a path to jump on the bank manager knowing with a high probability that that is the path the poor fellow will take.its worked for me..ever1 is different.

[lljazz]

I see a good possibility in GBP/CHF for some Pips.

100-350 Pips are for sure. The best would be to enter 3 positions and drop them at 1.6130, 1.6220 and 1.6260. But try at your own risk

[pumpk1n]

Since those GPB/CHF charts are Weekly...exactly when should I enter the trade in the 1H chart? as soon as it breaks my resistance? Or should I wait for some kind of reversal pattern?

[lljazz]

The trendline didn't hold so the setup failed. But if you are looking for an entry, H1 and H4 TF are good for possible entries. And yes you should look for reversal patterns as soon the trendline is touched.

Here i got some other setups:

Good luck!

[shivapalani]

hello all, this is dr.sivaraman from india, just started trading with this strategy. i placed my order sell usd/jpy today {26/7/10} at 87.20 based on 4 hr chart and now it is running with just 20 pips profit, i placed my TP at 86.60. this looks good strategy, thanks a lot

[shivapalani]

hi, i have attached the image of usd/ypy sell order

[kalpit210]

Hi everyone,

I just read Myronn's original strategy and am very impressed with it and its reviews (through comments). I used it for the first time last night and profitted $563.87!

I look forward to getting setup alerts from you guys and will share whenever I see something!

Regards,
Kal