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

[Azim166]

Hi simpleforex,
can you show me how to draw the trendlines correctly ?
for example, in this case, is a up trend or a down tren ?

Thank you very much and sorry for the inconvenience.

That is an uptrend.

To draw a valid trendline, just connect the outer trendlines instead of the inner trendlines. The price is more likely to bounce off the outer trendlines.

This is my USD/JPY H4 chart. see the difference?

Hope this helps you, Happy Trading!

[Azim166]

Too messy. On Weekly chart we see a donwtrend. I don't know. Who are printing most money, US or Japan? What happens when inflation hits the street? I don't know yet, but exiting. For the time being, has there been any break of resistance or support? The 7th december breakout has pulled backed and continued. It is finished. I don't see a current breakout, so I am not waiting for a pullback. What about giving up, admitting the money we are facing here is far too advanced for us? Let the professionals untangle the chart. Is Henry Paulson still alive? Not according to a simple Google search. We need some insiders. Just my penny thoughs about how well we can be deceived. They want our money.

.

LOL i don't look at weekly chart if i'm going to trigger my trade at 1 hour! It's enough to use on Daily and H4 charts. As you know there is a trend within an established trend.

[bluehdi]

azim166 thank you very much !

[Azim166]

azim166 thank you very much !

No problem!

[Azim166]

USD/CHF H1

If there is a bullish candle closed after this, it would be a good setup!

[bluehdi]

friends, what is your opinion about this trade ?

[Azim166]

USDJPY H4

The attachment USDJPY.gif is no longer available

Let's be careful and not draw any conclusion. The triangle we see on Azim16s charts may be fake, or a big trap for us? The lower trendline is there just to fool us? Will the plan succeed? In my experience they never do. The monthly pivots points don't show up on my chart, that is an omen. Then we have W_PP line before any TP line, that is another omen. No, this is too scary, please
.

LOL! that's a daily Trendline..whatever rom, everybody have their experience. We are all here to learn. not to debate. There is no such thing as 100% accuracy in forex. what i'm doing is looking for a high probability trades.

Ohh by the way, do not come up with pivot. see the Thread " Trendline Trading Strategy". don't confuse other traders who are trying to learn trendline strategy.

see ya!

[Azim166]

Guys! I just triggered a long trade in USD/CHF!

Stop Loss: 23 pips
Take Profit: 95 pips

I am +7 pips now

[Azim166]

friends, what is your opinion about this trade ?

Looking at your chart, that might be a good trade. I can see it is a good risk reward ratio..but i'm not sure how did u draw the trendline, because in my chart it shows an uptrend.

The daily Trendline

[il brigante]

I am short usdchf, gained my risk and move my S/L to B/E, I am aiming for my TP's or S/L