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Confirming Trendline breaks, chart patterns and other breakouts. 2 replies

Breakouts 3 replies

Trendline breakouts

"ready to go" for EURUSD now:

Attached Image


I will upload MaksiGen indicator multi timeframe version with template if someone is interesting - I am using MaksiGen indicator by default settings for M1 timeframe and MaksiGen indicator MTF M5 settings for M1 timeframe too.

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Hi emacro,

This is your thread so if I need to create my separated thread - let me know.
if no problem with my posts here so I am fine here as well.

=======

- MaksiGen indicator is on this post (indicator is drawing s/r/tl depends on preselected number of bars).
- MTrendLine alert indicator is on this post.
- MaksiGen_Range_Move mtf 2 indicator is on this post.
- Template to trade or monitor M1 timeframe is on this post.
- Trading results (in case of M1) is on this post.
The situation few minutes ago:

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_1812_1_before.jpg Size: 334 KB


and what is on for now:

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_1812_1_now.jpg Size: 339 KB


I am not watching at my charts all the time as required so I can not say - those trades will be profitable or not ... besides, M1 timeframe is not good one for this kind of trading. Anyway, I just prvided the example about how 'to read' and to trade those kinds of charts with s/r/tl


=======

- MaksiGen indicator is on this post (indicator is drawing s/r/tl depends on preselected number of bars).
- MTrendLine alert indicator is on this post.
- MaksiGen_Range_Move mtf 2 indicator is on this post.
- Template to trade or monitor M1 timeframe is on this post.
- Trading results (in case of M1) is on this post.
The other "ready-to-go" case:

Attached Image


By the way, we are talking about breaks or breakout ... but correct terms are breakout and breakdown.


=======

- MaksiGen indicator is on this post (indicator is drawing s/r/tl depends on preselected number of bars).
- MTrendLine alert indicator is on this post.
- MaksiGen_Range_Move mtf 2 indicator is on this post.
- Template to trade or monitor M1 timeframe is on this post.
- Trading results (in case of M1) is on this post.
Quoting newdigital
"ready to go" for EURUSD now:



I will upload MaksiGen indicator multi timeframe version with template if someone is interesting - I am using MaksiGen indicator by default settings for M1 timeframe and MaksiGen indicator MTF M5 settings for M1 timeframe too.

---------

Hi emacro,

This is your thread so if I need to create my separated thread - let me know.
if no problem with my posts here so I am fine here as well.


=======

[i][font=Arial][size=2]- MaksiGen indicator is on [url="http://www.forexfactory.com/showthread.php?t=222729&page=25"]this...
I do not mind, keep posting.
You are looking at 1 min charts?
Eurjpy and Crude oil futures 60 min...
Attached Images (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Dec. 18 15.43.gif Size: 49 KB Click to Enlarge Name: ScreenHunter_05 Dec. 18 15.44.gif Size: 44 KB
Quoting emacro
I do not mind, keep posting.
You are looking at 1 min charts?
Yes. because everything is going more quicky using M1 so I do not need to wait for half a day to open one trade for example
Of course, tl/s/r lines are used in different way in case of M1 and M5 (similar with scalping way sorry). But I can just test it using on M1 doing practics.


=======

- MaksiGen indicator is on this post (indicator is drawing s/r/tl depends on preselected number of bars).
- MTrendLine alert indicator is on this post.
- MaksiGen_Range_Move mtf 2 indicator is on this post.
- Template to trade or monitor M1 timeframe is on this post.
- Trading results (in case of M1) is on this post.
MTrendLine alert indicator (attached, or use original link from here).
I did not use this indicator. May be usefull.

=======

- MaksiGen indicator is on this post (indicator is drawing s/r/tl depends on preselected number of bars).
- MTrendLine alert indicator is on this post.
- MaksiGen_Range_Move mtf 2 indicator is on this post.
- Template to trade or monitor M1 timeframe is on this post.
- Trading results (in case of M1) is on this post.
Attached File
File Type: mq4 MTrendLine alert.mq4   7 KB | 79 downloads
So, it is metatrader statement.
I opened first trade for USDJPY yesterday (see some my previous post on this thread), and finished the trading few hours ago.


Attached Image (click to enlarge)
Click to Enlarge Name: trendlines.gif Size: 5 KB



Attached Image (click to enlarge)
Click to Enlarge Name: tl_workplace.jpg Size: 334 KB


Metatrader statement is attached to this post (in rar archive).

Please find attached the second indicator I am using: MaksiGen_Range_Move mtf 2.
And template is attached too.

How to install.
- Place MaksiGen_Range_Move mtf 2 indicator (attached to this post) and Maksigen indicator (see link below to download) to indicators folder of Metatrader directory (for example, to C:Program Files - MetaTrader - Alpari - experts - indicators);
- place template file (attached to this post) to template folder (for example, to C:Program Files - MetaTrader - Alpari - templates);
- compile indicators to MetaEditor, or restart Metatrader;
- open M1 chart, right mouse click on the chart, select our template - indicators will be loaded to the chart. And you can practise for example.

Please note: M1 timeframe is used just to practise only.
I am using M1 timeframe for trading s/r/tl but using M1 timeframe - looks like trading pure price action without indicators (means: it is difficult and required some experience). But it is really good practise for the people who want to understand about trendlines.

After that you can reply to very simple question: "hi guys, it seems breakout is good but what is it all about?"

That's all news


=======

- MaksiGen indicator is on this post (indicator is drawing s/r/tl depends on preselected number of bars).
- MTrendLine alert indicator is on this post.
- MaksiGen_Range_Move mtf 2 indicator is on this post.
- Template to trade or monitor M1 timeframe is on this post.
- Trading results (in case of M1) is on this post.
Attached Files
File Type: tpl trendlines_mtf.tpl   5 KB | 82 downloads
File Type: mq4 MaksiGen_Range_Move mtf 2.mq4   6 KB | 91 downloads
File Type: rar trendlines_statement.rar   8 KB | 68 downloads
Well, talk about 'trend following'...
Attached Images (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Dec. 19 09.14.gif Size: 43 KB Click to Enlarge Name: ScreenHunter_02 Dec. 19 09.14.gif Size: 47 KB
Quoting newdigital
So, it is metatrader statement.
I opened first trade for USDJPY yesterday (see some my previous post on this thread), and finished the trading few hours ago.


Attachment 1102089


Attachment 1102088[font=Verdana][size=2]

Metatrader statement is attached to this post (in rar archive).

Please find attached the second indicator I am using: MaksiGen_Range_Move mtf 2.
And template is attached too.

How to install.
- Place MaksiGen_Range_Move mtf 2 indicator...
i've seen your trading statement, one question, how to setup and manage our Take Profit and StopLoss ? I see all your trading closed, some trade differ than take profit or stoploss. Thank you.
Quoting wanaxau
i've seen your trading statement, one question, how to setup and manage our Take Profit and StopLoss ? I see all your trading closed, some trade differ than take profit or stoploss. Thank you.
In case of trading manually - I am always trying to use stop loss. And I am using take profit sometimes. When I am trading manually so I can open one trade .. after that - I can re-enter on same pair (after reversal for example). Because of that (many trades are kept to be opened on the same time) I try to close the trades based on the situation ... and the situation (especially for M1 timeframe) are changed all the time. Besides - I am closing the trades based on margins ... if the price is going against me so I am trying to close some trades with small profit to avoid margin call ... besides, I do not want to receive big floating drawdown because as we know - market was not going in fully trend following way yesterday - it was some ranging time as well.

To make it shorter - there are many trading styles (in case of trading manually):
- classical trading style (one trade per pair only; next trade will not be opened untill old trade is closed)
- re-entering
...
...
and so on

So, I am using re-enter - re-enter is the term which was originally used in AscTrend software made by american AbleSys Corp, and this term was used by many traders and coders after that in Russia and everywhere. But as I remember - this re-enter trading style came from Ichimoku so it's Japanese originally
Crude Oil futures into new highs...
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Dec. 19 19.20.gif Size: 38 KB
Updated trading results:


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Click to Enlarge Name: tl_break_1.jpg Size: 337 KB



Attached Image (click to enlarge)
Click to Enlarge Name: tl_statement_1912.gif Size: 5 KB




=======

- MaksiGen indicator is on this post (indicator is drawing s/r/tl depends on preselected number of bars).
- MTrendLine alert indicator is on this post.
- MaksiGen_Range_Move mtf 2 indicator is on this post.
- Template to trade or monitor M1 timeframe is on this post.
Attached File
File Type: rar tl-statement_1912.rar   8 KB | 55 downloads
Quoting newdigital
In case of trading manually - I am always trying to use stop loss. And I am using take profit sometimes. When I am trading manually so I can open one trade .. after that - I can re-enter on same pair (after reversal for example). Because of that (many trades are kept to be opened on the same time) I try to close the trades based on the situation ... and the situation (especially for M1 timeframe) are changed all the time. Besides - I am closing the trades based on margins ... if the price is going against me so I am trying to close some trades...
I found horizontal line with number:

And for your re-entry position, where i can find reference to make re-entry position like you
I do not have have/use those lines sorry.
is it other indicator? MTrendLine alert indicator?
never used it.
From what I see from your chart image - those lines are the distance between the line and the price itself in points (point = pips * 10 in case of 5 digit broker). But in your case (is it 4 digit broker, right?): points = pips.
So, it is the distance.
Can not say more as I do not have it sorry.


=======

- MaksiGen indicator is on this post (indicator is drawing s/r/tl depends on preselected number of bars).
- MTrendLine alert indicator is on this post.
- MaksiGen_Range_Move mtf 2 indicator is on this post.
- Template to trade or monitor M1 timeframe is on this post.
Quoting wanaxau
And for your re-entry position, where i can find reference to make re-entry position like you
About re-enter ...
It is something what I explained for some other forum.

it is classical way of trend following trading (1 trade per chart/pair in trend following way):

Attached Image (click to enlarge)
Click to Enlarge Name: classicalwayoftrading_1.jpg Size: 223 KB


It is classical way of trend following trading with re-enter:

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Click to Enlarge Name: classical_and_reenter_nonscalping_2.jpg Size: 232 KB


It is classical way of trading with scalping re-enter:

Attached Image (click to enlarge)
Click to Enlarge Name: classical_and_reenter_scalping_3.jpg Size: 228 KB



This trading style (re-enter) was hard coded for some trading platform (very very long time ago; not for metatrader) with exact this word - 're-enter'. Means: we are having the main trade/order, and we are "playing" inside this trade/direction by openning/re-entering. Scalping in this way is the same re-enter but without the main trade/order.
There is counter trend style as well but it is something similar: there is main trade/order (or without it if in pure scalping way), and re-enter is made in counter trend way (in opposite direction to the main trend/trade).

Difference between classical styles and pure scalping is the following:
- in classical way with re-enter - the main trade/order should be opened;
- in pure scalping way/style - we are trading without openning the main trade/order just making re-enters (in trend following way, or in counter trend way) taking onto consideration this main trend.

=======

- MaksiGen indicator is on this post (indicator is drawing s/r/tl depends on preselected number of bars).
- MTrendLine alert indicator is on this post.
- MaksiGen_Range_Move mtf 2 indicator is on this post.
- Template to trade or monitor M1 timeframe is on this post.
Quoting newdigital
About re-enter ...
It is something what I explained for some other forum.

it is classical way of trend following trading (1 trade per chart/pair in trend following way):

Attachment 1102842

It is classical way of trend following trading with re-enter:

Attachment 1102843

It is classical way of trading with scalping re-enter:

Attachment 1102850


This trading style (re-enter) was hard coded for some trading platform (very very long time ago; not for metatrader) with exact this word - 're-enter'. Means: we are having the main...
all picture using Maksigen indicators? and H1 time frame?
Quoting wanaxau
all picture using Maksigen indicators? and H1 time frame?
yes, except "star" and "cross" marks which I made manually on the chart.
Maksigen indicator is having the settings ... did you see vertical lines on the chart? Attach Maksigen indicator with default settngs - and you will see. Name of those parameters? Move your mouse to any of this vertical line - and you will see the name of the parameter in indicator. Those lines are the bars. Maksigen indicator is drawing support/resistance lines (trend line is one of them) calculated for some number of bars. So, if you change the settings in indicator - you will receive different s/r/tls calculated based on different bars.

There are some indicators with re-enter (coded by Igorad - ask him please) but I did not use them in trading here.
In my trading here - I used exact template which I uploaded here.

=======

- MaksiGen indicator is on this post (indicator is drawing s/r/tl depends on preselected number of bars).
- MTrendLine alert indicator is on this post.
- MaksiGen_Range_Move mtf 2 indicator is on this post.
- Template to trade or monitor M1 timeframe is on this post.
Crude Oil 60 min
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Dec. 20 08.50.gif Size: 48 KB
Updated trading results.
Initial deposit is 1,000
Fix lot size 0.1
Start to trade in 13th of December this year.
All the trades were closed.
Closed P/L: 1 020.53
Total balance for now is 2,020.53


Attached Image (click to enlarge)
Click to Enlarge Name: maksigen_2112.gif Size: 5 KB



Attached Image (click to enlarge)
Click to Enlarge Name: maksigen_wp_2112.jpg Size: 320 KB



Metatrader statement is attached (in rar archive).


=======

- MaksiGen indicator is on this post (indicator is drawing s/r/tl depends on preselected number of bars).
- MTrendLine alert indicator is on this post.
- MaksiGen_Range_Move mtf 2 indicator is on this post.
- Template to trade or monitor M1 timeframe is on this post.
Attached File
File Type: rar maksigen_2112.rar   9 KB | 68 downloads
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