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

[hwlm]

Hi all,

I still face some difficulty with this method of trading.

Could the successful ones be kind enough to post some charts to explain further?

And I just shorted GBPAUD with this method based on H4. Do you guys agree that it's a gd entry? Looking forward to your replies guys!

Thanks!

[hwlm]

It worked!

I got 117 pips from H4 TL entry

[kiddragon1412]

Finished 1 demo trade today : SELL USDJPY + 40P R:R = 1:1

[hwlm]

Congrats

Do you mind sharing how you entered?

[Azim166]

I sell USD/JPY too today..for a total of 55 pips

I entered when there is a bearish candle bounce off the trendline

[hwlm]

Hi,

I can't seem to figure out how you traded off the TL for this pair. Could you post a chart if possible?

Thanks much!

[kiddragon1412]

Finished 1 trade today : SOLD GBPUSD take profit :+75 P R:R 1:1

[mahr]

hi there kiddragon, have you finished building and fixing your strategy? it seems you're having an easy time there, huh? you mind sharing so that we'll all learn..

[ONZA 7]

Hello everyone.
I am new to this forum, and I need some help.

I sometimes read articles about trading currencies.
Then I saw this method before it posted at this site by Edward.

I just wanted to ask if someone can give me the current system because it's a little bit hard to read 70 pages and read all the upgrade it has ...

I know it sounds very lazy ... But I really don't mean it to be.

Thank you very much people.

[Starry]

I think its all about first identifying support resistance on daily/4 hour and then going to lower level timeframes to fine tune the entry. Im really interested in this strategy
but cannot currently do it because im in college and can only spare 20 minutes or so at the end of each day. However, i think since the key is identifying s/r at daily/4 hr , i can produce an ea which will automatically enter upon the rules of entry. Maybe...! We'll see! Any suggestions?

Oh, and i dont think there has been any changes

And heres my two cents - i have been looking at the area of charts when the price gets close to the s/r lines. And i always, when i look at the long candles, wish i could get in at the very top! So, im guessing that if we identify an area in which there are long tails on 4 hour and then we go down to 15 minutes we will see some divergence (unless youre like cad/jpy and have a range of 30 pips in one minute sometimes) signifying that the top of the long tail has just arrived and is about to go down. We also might see a falling star, dojo, etc.

Ive also seen candles with large tails hitting the upper channel and according to this strategy we would have to place a stop the size of that humongous candle! Thats really a shame... So maybe a strategy can be, identify s/r line, and if the current candle is starts from a significantly large distance from upper channel at the start but is now about to cross it, then once can go to lower levels to identify regular divergence and japanese candles and trade appropriately (or some other way to trade in the direction of the channel on smaller timeframes). Once we see reversal we can place tight stops.

4 hour gbp/usd

4 hour s/r

15 minute gbp/usd, divergence + japanese candles

divergence at 15 minute level