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1-2 Trendline Method

  • #41
  • Dec 16, 2008 4:39am Dec 16, 2008 4:39am
Quoting D liberators
You have a good idea but sure needs tidying up.

Why dont u check out this thread 'A,B,C,D-1,2,3,4 system' by Dra.

I'm sure you'll be able to pick up more arsenals to fine tune your concept.

There's the need to draw proper TL, basically TL will connect 2 points and most times price will retrace when they hit TL, so thats not a wonderland discovery, but what matters a lot here are the ability to draw proper tl and being able to detect a good bounce off TL.

keep up your good work of sharing, i'm sure we'll get better in this trade by learning...
Yes.. this TL system with own concept still need to tidy up. Will check the thread that u recomend to me. Thanks..
  • #42
  • Dec 16, 2008 4:36pm Dec 16, 2008 4:36pm
Just close my long position. I think the price will go down a little before it going up again. I just put my target. If the resistant line is break i may go more lower to target 2.
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  • #43
  • Dec 18, 2008 4:26pm Dec 18, 2008 4:26pm
The blue line is touch. Close my short and now buying. Target to green line..
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  • #44
  • Last Post: Dec 18, 2008 4:53pm Dec 18, 2008 4:53pm
EU also already touch the blue line. Wonder if the price still moving up to yellow line. Right now waiting what happen on red line. I put my long here with tight stop lost. If the red line is break, the yellow line below is my target. See what happen next..
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