Horizontal line system | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Horizontal line alert function 14 replies

Horizontal line trading system 32 replies

MT4 horizontal line base on price value indicator 17 replies

Trendline or Horizontal line order outside of the Line 20 replies

What rules do I need to build system around Horizontal Line 14 replies

Attachments: Horizontal line system
Exit Attachments

Horizontal line system

  • #121
  • Nov 13, 2024 3:00pm Nov 13, 2024 3:00pm
Quoting gringo2019
Organizing my Trading Plan... {image}
How's it going Cliff?I really like your contributions to many threads.
  • #122
  • Edited 4:28pm Nov 13, 2024 3:36pm | Edited 4:28pm
If you followed my Month Open Horizontal Line for Direction, you got pips. All USD are in alignment, that is powerful.

Tip: going forward, be patient, wait for an opposite day, 2 or 3, on any of these, then look for an entry with the trend.

Just study the chart, what happens after a black, down candle? Simple logic and price action.

Attached Image (click to enlarge)
Click to Enlarge Name: 2024-11-14_7-21-21.jpg Size: 244 KB



Attached Image (click to enlarge)
Click to Enlarge Name: 2024-11-14_7-34-50.jpg Size: 41 KB


Full credit to my guru, Lee Samson, for the idea of trading the direction of POSITIVE swaps ONLY. Check his FREE live streams for further information and education.

https://www.youtube.com/live/MPWLwdH...QyI-8Jh&t=1005
MAY THE TREND BE WITH YOU
  • #123
  • Edited 10:38am Nov 17, 2024 4:59am | Edited 10:38am
Quoting gringo2019
1dominican, Can you explain and/or share your Indicator displayed on the right side of your chart. Thank you for your words of kindness. {image}

you can find tro dashboard geogle it or find here
https://www.kreslik.com/forums/therumpledone
""TP is whatever you can get before it goes against you.""
  • #124
  • Edited 8:32am Nov 17, 2024 5:01am | Edited 8:32am
Quoting MachineLearn
I've created a tool that tells me the probability of price hitting it's high or low of the day for every hour of the day, based on statistics from the past year. As I researched there was some very insightful and helpful information I feel we could apply to this system. There's quite a few pairs who have a 30% chance or higher of being at their high or low of the day at 1700 which is the the start of the daily cycle for a lot of brokers and the one I tested. We can take these pairs and ignore the ones that don't have this level of success. This...
If you want to focus and consolidate the business ,wich 3 pairs or market would you trade and best hours?

NZDCAD has a 37% chance around the same time
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 115.png Size: 40 KB
Click to Enlarge Name: 116.png Size: 39 KB
Click to Enlarge Name: 117.png Size: 42 KB
""TP is whatever you can get before it goes against you.""
  • #125
  • Nov 17, 2024 5:18am Nov 17, 2024 5:18am
gbpusd
Attached Image (click to enlarge)
Click to Enlarge Name: 118.png Size: 40 KB
""TP is whatever you can get before it goes against you.""
  • #126
  • Nov 17, 2024 5:57am Nov 17, 2024 5:57am
1dominican,

I have TRO Mother Load from years ago BUT what is the name of your Indicator on the right side.
  • #127
  • Edited 8:51am Nov 17, 2024 8:29am | Edited 8:51am
Quoting gringo2019
1dominican, I have TRO Mother Load from years ago BUT what is the name of your Indicator on the right side.
That is the TRODASHBOARD on the righ panel
set it up to show the IB+CLOP -D1+CLOP W1 + CLOP MN1 = Close to open show how many pips away from the horizontal line
You can see that GBPJPY Daily open horizontal line,dropped last friday 296 pips away from the daily open horizontal line to the downside .
Attached Image (click to enlarge)
Click to Enlarge Name: 119.png Size: 40 KB
""TP is whatever you can get before it goes against you.""
  • #128
  • Nov 17, 2024 11:14am Nov 17, 2024 11:14am
Quoting 1dominican
{quote} If you want to focus and consolidate the business ,wich 3 pairs or market would you trade and best hours? NZDCAD has a 37% chance around the same time {image} {image} {image}
Some note worthy examples. My brokers day starts at 1700

These percentages read like this; at XX00 there's a X% chance for the high/low of the day to be during this hour.

CADCHF - 24% 2300 (low favored)
EURUSD - 20% 900 , 10 00
EURCHF - 36% 1700
GBPNZD - 30% 1700
NZDJPY - 21% 1700
EURCAD - 21% 1000
EURAUD - 21% 1700
EURNZD - 30% 1700
USDCHN - 20% 2000
GBPAUD - 23% 1700
GBPCHF - 40% 1700
NZDCAD - 26% 1600, 20% 800
NZDCHF - 25% 1600
USDSEK - 23% 1700
USDCAD - 25% 1000
NZDUSD 21% 1700
GBPUSD 22% 1000
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241117_122356_TradingView.jpg Size: 473 KB
  • #129
  • Nov 17, 2024 12:07pm Nov 17, 2024 12:07pm
Quoting MachineLearn
{quote} Some note worthy examples. My brokers day starts at 1700 These percentages read like this; at XX00 there's a X% chance for the high/low of the day to be during this hour. CADCHF - 24% 2300 (low favored) EURUSD - 20% 900 , 10 00 EURCHF - 36% 1700 GBPNZD - 30% 1700 NZDJPY - 21% 1700 EURCAD - 21% 1000 EURAUD - 21% 1700 EURNZD - 30% 1700 USDCHN - 20% 2000 GBPAUD - 23% 1700 GBPCHF - 40% 1700 NZDCAD - 26% 1600, 20% 800 NZDCHF - 25% 1600 USDSEK - 23% 1700 USDCAD - 25% 1000 NZDUSD 21% 1700 GBPUSD 22% 1000 {image}
thanks
""TP is whatever you can get before it goes against you.""
  • #130
  • Nov 17, 2024 4:58pm Nov 17, 2024 4:58pm
Quoting gringo2019
1dominican, Excellent Trading System young man... Thanks for opening my eyes after 5pm EST...
"Excellent Trading System young man..." very "cpfleger". I think you have been exposed gringo,you are actually cpfleger are you not? Both using the name "cliff".
  • #131
  • Nov 18, 2024 4:58am Nov 18, 2024 4:58am
Quoting MachineLearn
{quote} Some note worthy examples. My brokersday starts at 1700 These percentages read like this; at XX00 there's a X% chance for the high/low of the day to be during this hour. CADCHF - 24% 2300 (low favored) EURUSD - 20% 900 , 10 00 EURCHF - 36% 1700 GBPNZD - 30% 1700 NZDJPY - 21% 1700 EURCAD - 21% 1000 EURAUD - 21% 1700 EURNZD - 30% 1700 USDCHN - 20% 2000 GBPAUD - 23% 1700 GBPCHF - 40% 1700 NZDCAD - 26% 1600, 20% 800 NZDCHF - 25% 1600 USDSEK - 23% 1700 USDCAD - 25% 1000 NZDUSD 21% 1700 GBPUSD 22% 1000 {image}
WHat is the average pips the price move away from the open for GBPCHF,EURCHF ,GBPNZD,GOLD,GBPUSD?
Attached Image (click to enlarge)
Click to Enlarge Name: 120.png Size: 37 KB
""TP is whatever you can get before it goes against you.""
  • #132
  • Nov 18, 2024 9:29am Nov 18, 2024 9:29am
Quoting 1dominican
{quote} WHat is the average pips the price move away from the open for GBPCHF,EURCHF ,GBPNZD,GOLD,GBPUSD? {image}
Dont have that info but you could probably calcuate with ATR
  • #133
  • Nov 18, 2024 6:52pm Nov 18, 2024 6:52pm
gbpusd
Attached Image (click to enlarge)
Click to Enlarge Name: 122.png Size: 39 KB
""TP is whatever you can get before it goes against you.""
  • #134
  • Nov 19, 2024 1:11am Nov 19, 2024 1:11am
How do you avoid false breakouts?
  • #135
  • Nov 19, 2024 5:55am Nov 19, 2024 5:55am
no way to to avoid crisscross ,if your following the price, all you can do is to control your rist after you enter
Attached Image (click to enlarge)
Click to Enlarge Name: 123.png Size: 40 KB
""TP is whatever you can get before it goes against you.""
  • #136
  • Nov 19, 2024 6:34pm Nov 19, 2024 6:34pm
gbpusd
Attached Image (click to enlarge)
Click to Enlarge Name: 125.png Size: 40 KB
""TP is whatever you can get before it goes against you.""
  • #137
  • Nov 19, 2024 6:51pm Nov 19, 2024 6:51pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-11-09_10-40-41.jpg Size: 214 KB
  • #138
  • Nov 19, 2024 7:35pm Nov 19, 2024 7:35pm
Quoting gringo2019
{image}
Great system Clifton.
  • #139
  • Nov 20, 2024 1:19am Nov 20, 2024 1:19am
Quoting gringo2019
{image}
Hello, can you post the auto EA - SL / TP. Thanks in advance
  • #140
  • Nov 20, 2024 4:04am Nov 20, 2024 4:04am
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-11-09_10-40-41.jpg Size: 241 KB
0 traders viewing now