Daniel, you said two TL, but i see inyour examples many TL and very confusing. Thanks!
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DislikedDaniel, you said two TL, but i see inyour examples many TL and very confusing. Thanks!Ignored
Disliked{quote} Hi mario777, welcome :-) You have absolutely right :-) Two trendlines are only part of view, of course. But these two trendlines are very important for entry and sometimes close trade. This is why, I named it "Two TL's". Good name is for this "triangle, cross"... And yes, You may see other trend lines. Obvious from bigger timeframes. I am apologize, I do not know better way, than TL's, which will show You immediately strong supports and resistances on bigger (lower) timeframes. So, yes, there are some other TrendLines. Here is good example,...Ignored
Disliked{quote} Hi AcanaTrader, very nice :-) I have almost same chart :-) But for me is there not 100 and more pips opportunity. On my screenshot are two support. For first it is only about 60 pips from entry. Second only 80. What happend, if will be go price to up? SL is 40 or 60 pips? So, it is RRR about 1:1.1 and cable is probably in uptrend? Have we answers for these questions? We must thinking about risk. For me... many obstacles. Potential risk trade. I will consider this trade, but for me it is not good opportunity for trading. In future will be...Ignored
Disliked{quote} very good thanks for valuable reply, i see strong support on monthly chart, i think is to risky for take short {image}Ignored
Disliked{quote} Yes, it is second thing. In EDIT, which I post to my previous post is the fat blue line for intraday trade more important. H4 / Daily is a little bit from Monthly / Weekly. It will be "countertrade". This is why, what support not so important. Because we look only for 100 pips trade and this support is a little bit far. But yes, it is good, that You show us Weekle chart. Yes, even this is neccesary rate. Because our trades will be on GBPUSD and probably EURUSD for some time more long, than short :-) We will see :-) Very good AcanaTrader...Ignored
DislikedHey Daniel, I hope this isnt too much to ask but I should be in this thread for a long time if this works ;p However, I have 2 lots open on Short S&P 500. There has been a big dip recently last week. Could you check it out with your lines and see if it was a good move? Im holding it over the weekend and Im semi scared to see how it will open and if I should keep my stop loss higher or cut my losses right now at -$120. ThanksIgnored
Disliked{quote} From first look it seems ok. I am not trade SPX often, so analysis is very quick. But RRR is for me not very high. Others maybe will have another tips. It is important. Very good is, if You have trust Your own system, decision, etc. If You are not sure, You need more confidence. Training own strategy on demo, etc. I know, it is very annoying, but neccessary. You have SL, do not worry :-) Your risk is only 2 % of this trade of Your account, sure? So, do not worry {image}Ignored
Disliked{quote} Ok awesome thanks My system isnt really in place yet. I was lucky to go long in gold since 1053 lol. So im holding on and using that big amount to try out more trades. I was thinking about using your system and applying it until I can customize it to my own. Thanks again for the quick response! Will update this thread on my trades.Ignored