DislikedGone short on Gold.. Price has proceeded below previous candle which had Red line crossing through it. We now wait until the 1st pull-back to draw a new line. Green lines show where previous trades entered. {image}Ignored
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DislikedGone short on Gold.. Price has proceeded below previous candle which had Red line crossing through it. We now wait until the 1st pull-back to draw a new line. Green lines show where previous trades entered. {image}Ignored
Disliked{quote} Ralffe, may i ask for more clarification. In your trendline you only adjust to draw the TL to the last low when there is a wave right? My question is why did you draw on that candle (2nd arrow on my chart) where there was no wave there? Isnt it should be on the 1st arrow since that is the last wave and as you can see on my pic the aqua TL did not break yet and so no entry yet. Thanks! {image}Ignored
Disliked{quote} As far as I can deduct from Ralffe's answer there was a "wave" but you can only see it clearly on the H4...Ignored
Disliked{quote} you are right but we are talking about daily TF here. And besides, the HL at 4H chart cant be confirmed as HL until the HH can be broken hence you cant draw your TL there.Ignored
DislikedI have to understand better the exact point of entry, i can't understand what Ralffe means for "entry when price crosses with no touch". Maybe you mean when the shadow, the retracement or what else, touch the line? Thank you and sorry but english is not my mother language {image} {image}Ignored
DislikedHi all. I don't know why some are having problems with the rules. They are very simple and clear. The only subjective part of the rules are right at the beginning of drawing a new trend line, as to where you start the hinged point. You don't want too steep of an angle initially, as the idea is that the angle of the trend line gradually increases and becomes steeper as the waves of the trend become steeper until the trend exhaustion. Once you pick your hinged starting point at the left it never changes. The end point on the right you move to touch...Ignored
DislikedI have to understand better the exact point of entry, i can't understand what Ralffe means for "entry when price crosses with no touch". Maybe you mean when the shadow, the retracement or what else, touch the line? Thank you and sorry but english is not my mother language {image} {image}Ignored
DislikedI just wanted to say thanks Ralffe for such an elegantly simple, and visual method for setting entry and exit trigger points. The 'hinged line' is the sort of thing that makes me wish I had invented it but I'm not quite that clever. A couple of simple questions. What thickness of line are you using on D1? Is it the default 1 pixel or it looks more like 2? How did you remove the lower timeframe buttons on your MT4 terminal? Oh, and one silly question. As long as price doesn't actually break clear of the line, and price continues to...Ignored
DislikedWhen I was learning to draw trendlines, the number 1 rule was not to draw your lines too steep. Anything over a 45 degree angle is too steep and price can just walk right through it where as a angle closer to 30 degrees, price has to actually break the line since it's a trend line break. I like the idea of moving the hinge to a less steep starting point. Almost reminds me of how you draw an Andrews pitchfork.Ignored
Disliked{quote} thickness of line..2 How did you remove the lower timeframe buttons on your MT4 terminal. right click on times panel I had circled. click custom. Remove what you don't want. would you ever consider moving your stop to break-even or better to 'lock-in' profit? Yes Especially as now when a direction change is due or suspected.Ignored
Disliked{quote} I am sure Ralffe will correct me if I"m wrong but it's the Magenta line. The first bar that has no part touching your white line. Actually it should be between Magenta and red on your diagram since it will be the opening price after the bar that has closed without touching the line.Ignored
Disliked{quote} Because the turquoise/daily trendline was too steep, right?Ignored