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

[kalpit210]

D1 and W1 trends indicate downward trend.

a good sell stop set-up is coming up. Downward trendline on the H1 TF has been tested twice. See attached.

[kalpit210]

Another good set up seet on eur/gbp on the H1 TF. Big picture - downward trend. Good time to short?

[Azim166]

Hello Guys,

I'm Azim from Brunei, i just started using this strategy yesterday and i gain 342 pips! =D

[Melisa]

Hi Azim166,
great job!
would you like to share what pair did you trade ?

Rgs
Melisa

[Azim166]

Hello Melisa,

I got 342 pips using different pairs, you may check on the picture below

azim live.gif (19.85 KiB) Viewed 6271 times

[Haydel]

I’m looking at the Daily GBP/USD chart today (Friday August 13, 2010) and I think that there is a good change to enter long very soon and profit. I do not know what fundamental analysis has to say, but I think that technical analysis is showing a great wining potential.

The signals for the Advanced system #3 (Neat entry: RSI + Full Stochastic) are almost there and combining that strategy with Advanced strategy #10 (Trend Line Trading Strategy) gives a very good chance of wining.

Take a look at the attached Daily GBP/USD chart, the up-trend line corresponds to the rules of Advanced strategy #10 the rest of the indicators corresponds to Advanced system #3.

We will see what happens continuing on Monday August 16, 2010.

Please let me know what you think.

Best regards,

Haydel

[Azim166]

I’m looking at the Daily GBP/USD chart today (Friday August 13, 2010) and I think that there is a good change to enter long very soon and profit. I do not know what fundamental analysis has to say, but I think that technical analysis is showing a great wining potential.

The signals for the Advanced system #3 (Neat entry: RSI + Full Stochastic) are almost there and combining that strategy with Advanced strategy #10 (Trend Line Trading Strategy) gives a very good chance of wining.

Take a look at the attached Daily GBP/USD chart, the up-trend line corresponds to the rules of Advanced strategy #10 the rest of the indicators corresponds to Advanced system #3.

We will see what happens continuing on Monday August 16, 2010.

Please let me know what you think.

Best regards,

Haydel

Hello Haydel,

I think what you are doing is a good idea, i would like to know the results of your modification. I think the addition of RSI+Stochastic might be as a filter for the bad trades

[Melisa]

Hi all,

i also noticed, that to identify good entry, in addition to the main trend line trading strategy, helps counter trend breakout rule.
In this case :price brakes through counter trend and closes under it, its time to go short according to the main trend.
What do you think?
look at the picture i've attached.

[bradrtony]

.... but I ve got to comp late from weekend, so placed a BUY LIMIT, which where executed a day later (on Tuesday), now its not sure where the market goes, seems like TL is under test.

Anyway, hello everybody, happy to see such forum.
Antony

[kiddragon1412]

.... but I ve got to comp late from weekend, so placed a BUY LIMIT, which where executed a day later (on Tuesday), now its not sure where the market goes, seems like TL is under test.

Anyway, hello everybody, happy to see such forum.
Antony

Hi there,
I'm sorry to say that in my opinion , your trade is not right with this system , here are reasons :
1 ) P/A is not breakout the high price of candle that TOUCHED the trendline ( need for confirmation for Long Orders )
2 ) Your SL is placed at previous swing low , it's risk if PA retest this level ! You should down your SL for 5-10pips below this area !
It's just my opinion , sorry if they're wrong
Regards