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- StrangeGuy replied Oct 11, 2007
Thanks Johndoe! Great information for everyone. StrangeGuy
- StrangeGuy replied Oct 11, 2007
2 More — Because the uptrend was weak and returned to the trend line quickly I decided to play the break of for another trade. Next, I played the middle trend line (also matching low) for a third trade. StrangeGuy image
- StrangeGuy replied Oct 11, 2007
Welcome Dcb. The market oscillates and a lot of people follow this. Remember, you are trend following. If you want to hold a trade longer then you could use some guild. RSI and Stochastic are not bad tools. I say do what feels right to you for that ...
- StrangeGuy replied Oct 11, 2007
Another Tip — Hi all, Here is a good example of a highly problable trade. What I do is this. On the 5 min chart I draw my trendlines on the lows as you see. The price never made it to the first trend line so I made a new one on its low. Still ...
- StrangeGuy replied Oct 10, 2007
Yes Bebop, sometimes it is hard to know when trend lines are invalid. The biggest thing is generalization. You want every trend line follower to see what you see. This adds validity to the line. Generally when it is broken or supper ceded by a ...
- StrangeGuy replied Oct 10, 2007
Great! Congrats!
- StrangeGuy replied Oct 10, 2007
Great! I don't know that pair but looks good. Is that CMS application? I used them years back. I have friends on fxstreet's chat room in the evenings eastern time I go under same name. StrangeGuy
- StrangeGuy replied Oct 10, 2007
Hi weZ, Thanks for sharing! This is great information. I had not considered the connected view before, love it! Exits are hard. Take your money off the table when you feel like it. Chances are high that you will be able to get right back in at about ...
- StrangeGuy replied Oct 10, 2007
Hi All, Thanks Bebop for your great charts and the kind words. It is glad to see this thread moving. I'm still here. I just don't have a lot of time. At my day job we are moving offices so I have a ton of work on the technical side to manage. Maybe ...
- StrangeGuy replied Oct 2, 2007
Correct. Yes, you can play up and down in the channel. I shouldn't have to say this but trading against the higher trend always increases the overall risk. This is totally bias but I still feel the trend is still up. Just take care. StrangeGuy
- StrangeGuy replied Oct 2, 2007
I don’t mind at all Bebop. I want everyone to trade their experiences here. StrangeGuy
- StrangeGuy replied Oct 2, 2007
Hi Bebop! Great high profitable entry points all around. You got to love it. I missed the first one but played the second (for 12) and now in the trade for the third touch of the line. A few pips may not seem like much but you have to think that buy ...
- StrangeGuy replied Oct 2, 2007
Hi Digimix, because I have a fixed price point in time I kind of play it by ear. Mostly do 5 pip stop but sometimes 10. If you are one that wants more than 10 pips or so per trade the beauty of trend lines is sometimes they are moving with your ...
- StrangeGuy replied Oct 2, 2007
Exactly Bebop! Thanks for the great post! Easy money anytime. StrangeGuy
- StrangeGuy replied Oct 2, 2007
Thank you Repipula. I am reading about the Cornflower system now. Great thread of good information so far. That is absolutely correct. Never let a winner become a looser! StrangeGuy
- StrangeGuy replied Oct 2, 2007
Hi Erkro, a trend line is more price specific at a certain time. So, it doesn't matter what time frame you view it in, it should be the same price in time. I do trade watching the 5 min view mostly because it will show me a more close view of the ...
- StrangeGuy replied Oct 2, 2007
Hi again Andrew. This is a good question. And one that each trader must in fact answer for themselves. There are plenty of money management threads here on FF that will give you guidance to answering that question for yourself. I think that I may ...
- StrangeGuy replied Oct 1, 2007
Hi Melpheos, thank you for your response. Good point. I say you use whatever indicators work for you. If you want to enhance it, throw in some trend lines. You will be amazed at the accuracy sometimes. More often than not I am within 3 pips of ...
- StrangeGuy replied Oct 1, 2007
Hi Andrew, you have a valid point. People get accustom to one trend and don’t like to change or even accept that it is changing right in front of them. This is something that the trader(s) must work on. Me, I like to read the news and various ...
- StrangeGuy replied Oct 1, 2007
You have a great point here M-MM. I should have been prepared for that. I really appreciate your input. StrangeGuy