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

[simpleforex]

my analysis on usdchf did not work out...im cancelling the pending order...im watching euraud to see if the upward trendline will hold...

[gabrieleg]

Got in short on audjpy and eur gbp, looking for an entry position to go short on nzdusd and long on euraud
@simpleforex i deleted my usdchf sell order since there was a hammer candle on 1h tf. wanted to know your opinion

got stopped yesterday on audchf and nzdchf, missed a perfect long entry on eurgbp

any comments?

audjpy

[simpleforex]

[quote="gabrieleg"]Got in short on audjpy and eur gbp, looking for an entry position to go short on nzdusd and long on euraud
@simpleforex i deleted my usdchf sell order since there was a hammer candle on 1h tf. wanted to know your opinion
any comments?

Good move. I did the same.

[simpleforex]

3rd trade on euraud...entered on break of major upward trendline.

[simpleforex]

Im long on audusd...

[simpleforex]

Here is a little bit of history for those that don't know about how the words LONG and SHORT came about. Just found out yesterday. Used in comodities market previously.

As a general rule, the price rises very slowly over a LONG period of time... and falls very quickly over a SHORT period of time...and from this comes the term: price is going up, go LONG, price is going down, go SHORT...

[gabrieleg]

eur aud cancelled as nsd usd, audjpy hit stoploss

i guess its just a bad week

[simpleforex]

eur aud cancelled as nsd usd, audjpy hit stoploss

i guess its just a bad week

i also got stopped out with a 29pip loss on audjpy. there will be another day...

[simpleforex]

Progress in live account?...I really dont know but it very healthy. You can see the results of the trades I'm taking.

On MT4 the number is printed in bold at bottom under page "Account history"
I compute risk on each trade by using that number.

I know what an account history is..and I know how to calculate risks...

There is a saying: You are not fit to be farmer if you keep looking over your back continiously when you are ploughing...likewise in trading. If you keep CONTINIOUSLY looking at how much you have increased your account this week, last week, last month and then you think that...geez, im going to do the same this week, next week, this month, this year.. this is trouble because if you go into the market with this "expection" that you are going to do the same what you did previously . the past is history.past results do not guarentee similar future results. succesful trading is more about consistently following a system than about results (the money). The money (the result) little or big is bound to follow the consistent trader...this is my experince, I dont know what others experiences are.

If my account was xgrand last week and now if its x+10grand, thats " healthy"...at least I know at just a glance, that it has increased. Does it really matter how much percentage I increased it by? not really...I am not competing with anyone...then again, Does it matter how much percertage I DECREASED it? Yes! especially when it is significant and when one is not following everything by the book. This means its time for evaluation.

[simpleforex]

honestly, this pair audnzd just doesnt seem to be going anywhere...maybe nxt wk there will be some sense of direction...we will wait and see.