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

[TrendTrader]

this is a discussion regarding the info in the chart below...

I dont have not much experience with this, but my feeling is a one hour trailing SL will work on a daytrend, moving SL to low of last hour step by step.

GBPUSD.png

That is a good way to minimize losses; unfortunately, it only works in trending market and not ranging market. You will get stopped and you won't be able to catch most of the trend especially after the break up in case you are not front of your computer.
Check this forum, it is well explained in the video.
http://forex-strategies-revealed.com/mo ... ree-trades

Happy trading

[TrendTrader]

Hi TrendTrader

The video seems to be longterm EOD trading with some kind of variation of traling SL.

Here I tested trailing SL on the M30 chart on your link. The black arrows are normal Entry and Exit points (using trailing SL as mentioned).
Not that bad.

TralingSL.png

Hello, Rom, I am not an expert, but I m giving my opinion regarding putting the SL at the high or low of the previous candle.
Actually, as long as the market is trending, this trailing SL probably will work. it helps to perserve your capital.

P.S. Rom, if you really learn this Advance strategy we are discussion in this tread, you won't even need the trailing stop. you already have your trend line as support and resistance, and we already have stop loss placed either at the previous support or resistance to keep the room for continuation of the trend. As you know, the market retraces before it shoots up or down.

Happy trading

[Azim166]

Hi TrendTrader

The video seems to be longterm EOD trading with some kind of variation of traling SL.

Here I tested trailing SL on the M30 chart on your link. The black arrows are normal Entry and Exit points (using trailing SL as mentioned).
Not that bad.

TralingSL.png

Hello, Rom, I am not an expert, but I m giving my opinion regarding putting the SL at the high or low of the previous candle.
Actually, as long as the market is trending, this trailing SL probably will work. it helps to perserve your capital.

P.S. Rom, if you really learn this Advance strategy we are discussion in this tread, you won't even need the trailing stop. you already have your trend line as support and resistance, and we already have stop loss placed either at the previous support or resistance to keep the room for continuation of the trend. As you know, the market retraces before it shoots up or down.

Nice One Trend Trader

Happy trading

[TrendTrader]

Eur/Usd chart is formed Head and Shoulder. The chart speaks for itself.

[il brigante]

stopped out on gbpusd with 30 pips loss.
made 70 pips on eurusd, as soon as I gained my risk I covered half and move my SL to BE, then trailed my SL.

[il brigante]

Made 44 pips on audusd.
This week I made a return of 5%, If I make this every week at the end of the year I will gain a return of 260%.
The good think is that this week I did not have a home run like I did the week before (+197 pips on audusd) but I made little here and little there due to the fact that the market this week was not in a generous mode.
I am trading a micro account and I do not know at which stage I should inject more money in my account to be able to make a living out of trading. You suggestions are very much appreciated.

[kalpit210]

Hey guys,

This is my first time back in a LONG time. I started medical school and life got really hectic. It's good to see so much activity here! Lets share some good setups.

What do you guys think about this entry on the EUR/JPY on the H4 timeframe?

Good luck trading,
Kal

[Ramirez]

It's been going up for 3 hours, enormous R:R !!!

[kalpit210]

That's a great set up Ramirez!

You prefer trading in the Day timeframe?

I'm trying to figure the optimal TF for myself...

[Ramirez]

Hi,

I uploaded a daily chart, one can see the potential of the set up more clearly.

In this case I entered in the 4 hours chart, cause there I got a more accurate enter and a stop beneath the last swing low.

I think, that's how simpleforex would also have made it. Correct me, if I'm wrong