Forex Factory (https://www.forexfactory.com/forum.php)
-   Trading Systems (https://www.forexfactory.com/forumdisplay.php?f=71)
-   -   My way of trading by Using trend line , BL line & febo level (https://www.forexfactory.com/showthread.php?t=257620)

greenius Sep 25, 2010 1:43pm | Post# 1

My way of trading by Using trend line , BL line & febo level
 
Hello trader



After long time monitor price action for different pair especially when price broke trend line some time retest trend line some time price pullback in side trend which called false broken and some time retest some hidden level which I named Broken line BL
Every one know trend line and most of you knowing febo retracement level but what is BL
And also whats link between BL and Febo level this the new Thread of greenius 1st does this system worked great I can say itís 80% to70 % profitable and I you will discover it by your self


greenius



http://fx-arabia.com/vb/uploaded/964_11284888955.png

greenius Sep 25, 2010 2:02pm | Post# 2

Price moved between Peak and valley by my method we can find best position with max pip target



http://fx-arabia.com/vb/uploaded/964_11284889713.png

greenius Sep 25, 2010 2:04pm | Post# 3

http://fx-arabia.com/vb/uploaded/964_11284889993.png

qwertymyfx Sep 25, 2010 7:39pm | Post# 4

hmmm, interesting concept this BL is. Thanks.

greenius Sep 26, 2010 3:50am | Post# 5

BL line consider strong s/R see chart

http://fx-arabia.com/vb/uploaded/964_11284890340.png

greenius Sep 26, 2010 3:51am | Post# 6

http://fx-arabia.com/vb/uploaded/964_01284890782.png

greenius Sep 26, 2010 3:57am | Post# 7

How to tread with BL
 
in this Ex to see how to get in market with using BL after price broke trend line you will know level of BL

from BL i will waie price to come to me and i will setup buylimit order near to BL Line

http://fx-arabia.com/vb/uploaded/964_11284718889.png

greenius Sep 26, 2010 6:11am | Post# 8

in this Ex to see how to get in market with using BL after price broke trend line you will know level of BL

from BL i will waie price to come to me and i will setup buylimit order near to BL Line

http://fx-arabia.com/vb/uploaded/964_11284718889.png

the price retest the blue zone with BL and goes up



http://fx-arabia.com/vb/uploaded/964_11284962608.png

greenius Sep 26, 2010 6:17am | Post# 9

ex

http://fx-arabia.com/vb/uploaded/964_11284970469.png

greenius Sep 26, 2010 6:17am | Post# 10

http://fx-arabia.com/vb/uploaded/964_11285009014.png

greenius Sep 26, 2010 6:29am | Post# 11

2 Attachment(s)
in 1st week of aug i had short position with 30 pip sl ant three target 50 , 150 & 250 pip as per FE level
Click to Enlarge

Name: 8.png
Size: 34 KB
Click to Enlarge

Name: 9.png
Size: 35 KB

greenius Sep 26, 2010 6:35am | Post# 12

the system it's easy to used simple and strong please try it in demo and do visual back test

greenius Sep 26, 2010 6:46am | Post# 13

4 Attachment(s)
Accurate method to trade really

Click to Enlarge

Name: 10.png
Size: 19 KB
Click to Enlarge

Name: 11.png
Size: 19 KB
Click to Enlarge

Name: 12.png
Size: 17 KB
Click to Enlarge

Name: 13.png
Size: 22 KB

greenius Sep 26, 2010 6:49am | Post# 14

please if u have any comment or quastion please asked now since next part it is more Complicated and advance also

howard Sep 26, 2010 6:52am | Post# 15

in 1st week of aug i had short position with 30 pip sl ant three target 50 , 150 & 250 pip as per FE level
Hi

In this example:

Where have you placed your stop, that is at what level?

Do you use 1hr or 4hr TF for the trades?

In the area of retracement to your BL, do you wait for any PA to enter the trade or do you set a pending order on touch of the BL?

greenius Sep 26, 2010 7:03am | Post# 16

Hi

In this example:

Where have you placed your stop, that is at what level?

Do you use 1hr or 4hr TF for the trades?

In the area of retracement to your BL, do you wait for any PA to enter the trade or do you set a pending order on touch of the BL?
my sl level was 13315 and could used statinf from 1h up to daily but i recommend to used 1H TF

howard Sep 26, 2010 7:11am | Post# 17

my sl level was 13315 and could used statinf from 1h up to daily but i recommend to used 1H TF

For the targets you are using FE levels, how do you determine the level of your stop? Based on fib levels or any other criteria?

That is what I meant by my previous question not the actual figure of the stop.

greenius Sep 26, 2010 8:13am | Post# 18

ya u can used s & r or fe level or easy way just keep 1st 20 2nd 50 3rd 2time SL level

greenius Sep 26, 2010 2:50pm | Post# 19

http://fx-arabia.com/vb/uploaded/964_11285526964.png

greenius Sep 26, 2010 2:59pm | Post# 20

http://fx-arabia.com/vb/uploaded/964_11285527533.png


© Forex Factory