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

Post your new strategies, discoveries or just ideas for development

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

Postby Azim166 » Wed Dec 22, 2010 4:10 am

Nice one Simple forex!

Please keep on posting, I am learning a lot from your setup :D
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby bluehdi » Wed Dec 22, 2010 5:32 am

I´ve a sell order in AUDUSD

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

Postby bluehdi » Wed Dec 22, 2010 5:40 am

I´ve a question about USDCAD.

I´m short in daily, i see a perfect down trend...
but in 4 Hours I see a possible uptrend, what do you think ?

Thanks..

Image

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

Postby TrendTrader » Wed Dec 22, 2010 7:08 am

simpleforex wrote:Here is a short setup in GBPJPY4HR happening...just placed a sell stop order.

cheers

Hi, you are doing really great!!! Keep it up!
This strategy is what institutions use, and all we need is discipline and patience for setups to appear so we can stay profitable.

Happy trading
"Proper patience is needed throughout the lifecycle of the trade, at entry, while holding and exit" Dennis Gartman
“Self discipline is when your conscience tells you to do something & you don’t talk back.” W. K. Hope.
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby Azim166 » Wed Dec 22, 2010 7:27 am

Nice short trade on USD/CAD. But i could not enter it due to my insufficient capital to risk 40 pips.

By the way, I do not see any possible uptrend on USD/CAD H4 chart.
azim.gif
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby Azim166 » Wed Dec 22, 2010 7:34 am

Guys,

Where do you set the profit target between the H4 and H1 chart.

I mean...

Let's assume USD/JPY bounce off upwards.
Attachments
azim.gif
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby Azim166 » Wed Dec 22, 2010 7:35 am

Guys,

Where do you set the profit target between the H4 and H1 chart.

I mean...

Let's assume USD/JPY bounce off upwards.

This is H4 chart.
azim.gif


This is H1 chart.
azim 1.gif
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby il brigante » Wed Dec 22, 2010 6:47 pm

Placed long trade at 83.67, let see how will unfold
Attachments
usdjpy.jpg
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby il brigante » Wed Dec 22, 2010 6:49 pm

Placed short trade at 0.9972 with S/L at 1.0011
Attachments
audusd.jpg
audusd short
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby simpleforex » Wed Dec 22, 2010 7:49 pm

il brigante, good take on the USDJPY. as per my post yesterday, this pair has bounced up from the trendline. because im late in entering, ive swithched to a smaller timeframe to find a suitable area to jump in and ride it if it continues to move up.ive placed my buy stop just above a resistance area i saw in the 15minute timeframe.This is what i do when i miss a bounce off a significant trenline, i wait and i switch to a smaller timeframe to find areas of support and resistance and place my pending orders there & then there is also the possibility of drawing smaller timeframe trendlines within that larger significant trendline.
Attachments
usdjpy pending trade.gif
USDJPY PENDING TRADE
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