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Attachments: BB break + trendline break
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BB break + trendline break

  • Post #1
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  • First Post: Feb 13, 2019 9:15am Feb 13, 2019 9:15am
Hi I just wanted to share a trend break system with you guys.

You should just try it on past charts first than move onto demo.


Its simple
15 min tf AUDUSD (YOU CAN TRY ANY PAIR)

Lets look at BUY

We must wait for price to break and close below bottom of bollinger bands.

Option#1
if price breaks above midline of bollinger bands without first rejecting the midline than we buy at the close of the candle that breaks the midline.
our SL is 10 pips , we bring our SL to breakeven when price reaches 10 pips , we take profit at 15 pips.
Option #2
If price rejects midline we draw a trendline from the previous high to the top part of the wick of this rejection and wait for a break and close of this trendline. Our sl tp etc are same as above after this.

I will show examples.
the first example is option #2 where price rejects midline first
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 85 KB
Trendline break is good entry,

BB is also good but the best way i used them is with TMT System
Using trendline pullbacks.

https://www.forexfactory.com/showthread.php?t=577639
TMT Scalping System (Best system on FF)
example of a sell trade

this is option #1
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 80 KB
Quoting hibra68
Hi I just wanted to share a trend break system with you guys. You should just try it on past charts first than move onto demo. Its simple 15 min tf AUDUSD (YOU CAN TRY ANY PAIR) Lets look at BUY We must wait for price to break and close below bottom of bollinger bands. Option#1 if price breaks above midline of bollinger bands without first rejecting the midline than we buy at the close of the candle that breaks the midline. our SL is 10 pips , we bring our SL to breakeven when price reaches 10 pips , we take profit at 15 pips. Option #2 If price...
quite interesting...good job!!
Know The Presence Of The Market
Ok i forgot to mention. This is very important


close the trade if a candle breaks back midline and closes.


here is an example of a losing trade.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 78 KB
Quoting jesxrussel
{quote} quite interesting...good job!!
tnx..



Can everyone just test this out with different pairs and report.
Quoting Pollen
Trendline break is good entry, BB is also good but the best way i used them is with TMT System Using trendline pullbacks. https://www.forexfactory.com/showthread.php?t=577639
I tried TMT for awhile without success.

But I think it just had to do with being able to watch the computer .

Even with alerts its hard to trade while working fulltime.


I wonder if someone can make EA if this is profitable.
If some people can try this only after london and new york open it would be great.

As i think this might have better success.
Quoting hibra68
If some people can try this only after london and new york open it would be great. As i think this might have better success.

Very simple and brilliant my friend......more than willing to give it a try,thank you very much :-)
Quoting scsstnt
{quote} Very simple and brilliant my friend......more than willing to give it a try,thank you very much :-)
Tnx
Quoting hibra68
Hi I just wanted to share a trend break system with you guys. You should just try it on past charts first than move onto demo. Its simple 15 min tf AUDUSD (YOU CAN TRY ANY PAIR) Lets look at BUY We must wait for price to break and close below bottom of bollinger bands. Option#1 if price breaks above midline of bollinger bands without first rejecting the midline than we buy at the close of the candle that breaks the midline. our SL is 10 pips , we bring our SL to breakeven when price reaches 10 pips , we take profit at 15 pips. Option #2 If price...
Nice ... Like it !
Thank you ... will try ...
If you don't build your DREAM, Someone will hire to help build theirs ...
Hibra,
Review this please ...
Attached Image (click to enlarge)
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If you don't build your DREAM, Someone will hire to help build theirs ...
Hibra,
Would like to review the TP and Sl please ...
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 200 KB
If you don't build your DREAM, Someone will hire to help build theirs ...
Quoting drsa1970
Hibra, Would like to review the TP and Sl please ... {image}
Sorry was asleep, i will look at it.
And if the trendline plotted correctly ....
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 203 KB
If you don't build your DREAM, Someone will hire to help build theirs ...
Quoting drsa1970
Hibra, Review this please ... {image}
After B the next bar breaks below midline so thats where we enter sell.
Once the midline is crosses and close its option 1. We either take trade or skip. And look for option 2
Quoting drsa1970
And if the trendline plotted correctly .... {image}
It does work. So maybe we can make a rule.
E.g. 1. Price breaks above top bb
2. Price rejects mid bb.
3. Price breaks and closes mid bb.( but we do nothing because it breaks before we establish a second rejection)
4. We wait for price to break back above mid bb.
5. We look for second rejection to establish trendline.

So if price breaks and closes before it establishes at least 2 rejections we dont take trade.

Also looks like price goes a lot further than 10 pips once it breaks trendkine. So we can change sl to above latest high after trend break and tp either 1:1 or reverse signal.
this strategy can be used timeframe H1???
Know The Presence Of The Market
Quoting jesxrussel
this strategy can be used timeframe H1???
anytimeframe is good
Quoting hibra68
{quote} anytimeframe is good
I just like bollinger bands alot so im open to any strategy that revolves around bb. so its ok to come up with new ideas and post here. i will change the title to something broader.
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