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

[Ramirez]

GBD / JPY Daily

also interesting R:R

[kalpit210]

I was actually about to post that.. i put in a sell stop in the H4 timeframe

[ForexLion]

This strategy is very useful. Thanks to the contributor.

[Azim166]

I only trade in a trending market. It's easy for me to spot a trend just by looking at my Trend Scanner.

[Azim166]

EUR/JPY: +87pips

[TrendTrader]

EUR/JPY: +87pips

The attachment azim.gif is no longer available

Hi azim, the chart shows that the market is still going up on EUR/JPY, but if you look at the chart for the past 3 months, it show that it did hit the major resistance line. I am going to post the chart for it. I am going short on Eur/Jpy. in case it breaks the resistance line then it may hit up, so stop loss comes to rescue.
Tell me what do you think about it.

Happy trading

[kalpit210]

Hi Azim,

Where did you get the trend scanner advisor from? Could you post a link please.

Thanks,
Kal

[Azim166]

EUR/JPY: +87pips

The attachment azim.gif is no longer available

Hi azim, the chart shows that the market is still going up on EUR/JPY, but if you look at the chart for the past 3 months, it show that it did hit the major resistance line. I am going to post the chart for it. I am going short on Eur/Jpy. in case it breaks the resistance line then it may hit up, so stop loss comes to rescue.
Tell me what do you think about it.

Happy trading

Hello Trend Trader.

Yes indeed, the price in EUR/JPY is still going up. As you can see there is a lot of space for the price to reach the Daily Trendline. I will not consider any short entries except if there is a breakout on the H4 Trendline.

[Azim166]

Hi Azim,

Where did you get the trend scanner advisor from? Could you post a link please.

Thanks,
Kal

Hello Kalpit210,

I'm sorry i cannot share the files because it is a copyright products. but if you really want it, i can pm you the link where you can buy the trendscanner.

[kalpit210]

Potentially good sell-stop position on GBP/JPY on the H4 time-frame. I drew a trend-line on the daily time frame