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

[Andrey]

hello, fxprince!

I will reply your questions tomorrow on sunday, cause im sleepy and i need some time to answer it, because dont speak english perfectly. So im going into the bed now

by tomorrow

regards

Andrey

[Andrey]

Finally i can reply your questions

At first i draw in every timeframe trendlines. After that i look for possible trades, short or long. For example i find a possible long access in the h 4 chart, but i see that we have a down trend in daily chart. So that is a resistance. i still take the access in the h4 chart but my TP must be on or under the daily trendline. But if i have a trendline of smaller time on the way (trendline of H1 or smaller) so i dont regard this resistance, because im on the major time frame.
To your next question: Your SL should be above the C point.

I hope i could help you
If not ask me again..

regards

Andrey

[Fxprince]

Hi Andrey..

Thanks for your explanation...

[toinou21]

I just finish to read all the thread, and this strategy is really, so, i hope there is still some people here who want to share they set up,
So i was currently on the gbp/usd. take a look to the attachment.

[simpleforex]

excellent setup...got in on that one too..

[abundance]

A very good morning to all seniors on this Forum

I'm new & a very late comer. I came across this TrendLine strategy abt a week ago. Read thru the 26 pages of posts there & was directed to this Forum at the end. Before I proceed further, may I seek some advice from all seniors:

1. what are the currency pairs that I shd focus on in the beginning? We know that diff pairs behave differently. Some obey trendlines better than the others. I think I shd focus on just a few pairs first instead of looking at too many of them.

2. are there any recommended hours in the day to start looking for trade opportunities? I kind of observed that during certain hours (eg around 7pm to 11pm GMT) most pairs are directionless. Haven't conclusively found other directionless hours.

Thank you all!

[kraven]

does anyone still trade this as per the original strategy? if so how have you done? thanks

[picco]

Hi

Does anyone know where i can find an explanation for how swing_zz works?

Thanks

[epsilon43]

Abundance - I would concentrate on the major pairs. One of the problems with the strategy is being too exposed. Ideally, choose the Eur/USD or GBP/USD so you know how it works. It helps to understand correlation too! I focus on the Euro - and signs of trend changes in this currency could herald changes in the GBP and AUD as well.

Kraven, you asked how well traders are doing with the strategy. I think the last 3 weeks or so has been a little frustrating. However, if you caught the recent trend run in the Euro, GBP and AUD, you could certainly increase your account size by 20 - 50%!

[kraven]

thanks epsilon..........A while back i demo'd this with decent-good results using 4hr tf, to be honest i though that was all you should use, just read about 1hr and 30m use. do you trade this system? if so what pairs and timeframes