Measure twice, cut once
Trading trendlines and chart patterns only 8 replies
Modified, useful MQ4 utilities, indicators, and related tips 21 replies
Are indicators useful? 28 replies
Too many drawn Trendlines all same look: how to draw Trendlines with different look? 2 replies
Dislikedhi jupiter,could you please explain to me how you got the lower TL??your chart shows only one point
thanx
p.s. sos bout the red lines they re for meIgnored
DislikedGoing for Egypt tomorrow for 2 weeks, just hope they have internet on the hotel. If not, good trading to all !Ignored
DislikedEnjoy your stay buddy and bring back some pictures of those pyramids heheheIgnored
DislikedHi g_j,
Sorry for the delay.
Better let the chart "speak" for me.
Cheers,
JP.Ignored
DislikedLiking this thread...I use trendlines as well when trading and they are what base my decesion...I only trade from the 4 hour chart and above...looking foward to participate in this threadIgnored
DislikedI strongly disagree. It shouldn't hurt. You just can't count on achieving any degree of success if you don't know the very basics, pretty much like you wouldn't be able even to write your own name in case you haven't learned the alphabet first.Ignored
DislikedHere is my 1 hour chart as well...as you can see we also have a nice head and shoulders....
AttachmentIgnored
DislikedYou guys trade the brake of the neckline...I dont ...I anticipate the brake of the neckline...once the downtrendline has been broken the market has moved to my buy zone confirming the buyers coming from the longerterm trendline...Ignored
DislikedThe market is precise if you know what i mean. We can catch alot of pips with minimal SL 20-40 pips and even less. The projection of entry and pattern recognition has to be applied correctly, and that takes alot of practise. Usually fake H&S formations are spotted by new traders. 1hr timeframe produces alot of noise and even 4hr timeframe sometimes does the same. Theres also a method of engaging a position from one of the shoulders. This method is described in most usable TA books. If theres a real H&S formation then playing the neckline breakout is fine.
CheersIgnored
DislikedI agree I look at the 1 hour chart to understand and see if both my small time frame are showing me the same with my larger time frame....I trade my signals of the 4 hour chart but use analysis from larger timeframes then 4 hours. As long as we all make pips I am happy lol all I know is that trading with trendlines work since it keeps me at 500 pips a week and I am happy lolIgnored