Thanks Heral and look:
TP and SL depends from Timeframe and Pair. I'm not an TP/SL expert, so I leave this issue for other users.
TP and SL depends from Timeframe and Pair. I'm not an TP/SL expert, so I leave this issue for other users.
BB break + trendline break 24 replies
trendline break/bounce trade System - 1 to 3 RRR 13 replies
Trendline Break Alert Indicator. Need help changing sound 5 replies
Trendline, Trendline and Trendline 4 replies
Trendline only system- Please critique 14 replies
DislikedThanks Heral and look:
TP and SL depends from Timeframe and Pair. I'm not an TP/SL expert, so I leave this issue for other users.Ignored
DislikedIt seems on 5m chart if you consistently used 10pip s/l and 20pip target each trade, you could have an overall pretty consistently successful system.Ignored
Disliked
For those who follow the Trendline Break System, should have had a very profitable day. A 130+ pip; profitable day.
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DislikedJhig, This is my first post here on FF, but just had to comment on your system. I do like your chart setup. I use a somewhat similar chart set up to yours although different parameters/indicators and it is refreshing to see non-metatrader charts on FF.
However, there is inconsistency in your method. You mention that in your chart there is a 130+pip profit. Yet, in a later post you mention you go for 20 pip profit with 10 pip stop loss, so there's no way you would have achieved that 130 pip profit.
Also, 20 pip profit and 10 pip stop loss seems...Ignored
DislikedHi all,
So far all the examples shown are good ones.
Any consideration on how to handle those false trendline breaks?
I have lost several times due to false breaks! Am not so good in candlesticks. Any highlight on this is appreciated.Ignored
DislikedHi all,
So far all the examples shown are good ones.
Any consideration on how to handle those false trendline breaks?
I have lost several times due to false breaks! Am not so good in candlesticks. Any highlight on this is appreciated.Ignored
DislikedSure it can work, with proper trade management you can make some great pips with these shorts.
You'd want to start with 2 lots for each trade, liquidate half of your position at TP of 15 or 20 pips, set the 2nd half at zero stop loss and let it run. Sometimes they'll run for quite a bit (40+ pips). And sometimes more and sometimes not.Ignored
DislikedNow, that's the way to make a simple set up work for you.
Incidentally, there's another thread here on FF about trendline break with moving average. Highly recommended.Ignored
DislikedYea same problem with me too, please let me know if you get an answer for this! I changed my trading style coz of this problem. I did post the same question the other day but seems to have disappeared...
cheersIgnored