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 simpleforex » Wed Jan 05, 2011 8:21 pm

il brigante wrote:Simpleforex, could you tell me please when do you move you trailing stop to B? Do you move it once prices close (1h chart in my case) below the A's low? Or do you have any other suggestions? Thank you again.


two things you can do:
(1) moved sl to B when price moves halfway down betwen A&B points
(2) move sl when price closes below or is about to reach A,

also when you put SL above B, at least give it some BREATHING SPACE, dont place it too close so that you get out prematurely
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby simpleforex » Wed Jan 05, 2011 8:30 pm

USDCHF trade got stopped out with 20pips loss
Attachments
usdchf trade update.gif
usdchf trade update
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby simpleforex » Wed Jan 05, 2011 8:31 pm

audusd gooing good, sl moved to lock in more profit.
Attachments
audusd trade update.gif
audusd trade udate
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby simpleforex » Wed Jan 05, 2011 8:32 pm

i spot a short entry opportunity on usdjpy.im placing a pending sell stop order.
Attachments
usdjpy pending order.gif
usdjpy pending order
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby simpleforex » Wed Jan 05, 2011 8:46 pm

guys, nzdusd possible long setup occuring
Attachments
nzdusd trade possible trade setup.gif
nzdusd
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby il brigante » Wed Jan 05, 2011 9:36 pm

Thank you simpleforex.
Boys and Girls, what about audchf? On my platform the spread is 7 pips, not sure if it is worthwhile, what do you think? Anyway I placed a sell stop 5 pips below the 4h candle, risking 31 pips.
Attachments
audchf.jpg
audchf pending order
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby il brigante » Thu Jan 06, 2011 6:17 pm

I got stopped out on eurusd, gbpusd (twice), audcad, chfjpy, audchf. I wanted to try all set ups during the day and in all time frames from 15 minutes to 4h. Any comment will be appreciated. My audusd is still going my way.
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby simpleforex » Fri Jan 07, 2011 12:11 am

I decided to close my first audusd trade when it hit the upward trendline with 147pips profit. i entered a second trade on the break of the upward trendline and now it has pips floating profit
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audusd trade  update.gif
audusd trade update
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby simpleforex » Fri Jan 07, 2011 12:16 am

the usdjpy trade, might get stopped out soon, we will see...
Attachments
usdjpy trade update.gif
usdjpy trade update
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Re: Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

Postby simpleforex » Fri Jan 07, 2011 12:18 am

Pending order on nzdusd
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nzdusd pending trade.gif
nzdusd pending order
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