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SAFE - KISS

  • #21
  • Jan 23, 2018 11:51pm Jan 23, 2018 11:51pm
Quoting jpdlegault
{quote} Could you point me in the right direction? Which pairs would you suggest?
In order of preference. AU, Gold, NU, AJ, GJ.
Conventional trading is for losers
  • #22
  • Jan 24, 2018 3:13am Jan 24, 2018 3:13am
Thanks for the thread Ralffe!. Currently in 2 trend continuation trades
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  • #23
  • Jan 24, 2018 5:40am Jan 24, 2018 5:40am
Hi Ralffe
At what stage do you stop moving the line and let it be broken?
One could move it indefinitely as new swings are formed, for instance in the case of downward magenta line we could move it to the new swing high without entering a long trade.
Am I right to say that we do not move it because a full bar is formed on the other side without touching the line or do you have other reason?
Regards
  • #24
  • Jan 24, 2018 10:19am Jan 24, 2018 10:19am
Quoting Ralffe
{quote} In order of preference. AU, Gold, NU, AJ, GJ.
Thank you so much for all your help!

I must admit I still have trouble with the proper trend lines setup, but I will get there ...
  • #25
  • Jan 24, 2018 4:01pm Jan 24, 2018 4:01pm
Quoting howard
Hi Ralffe At what stage do you stop moving the line and let it be broken? One could move it indefinitely as new swings are formed, for instance in the case of downward magenta line we could move it to the new swing high without entering a long trade. Am I right to say that we do not move it because a full bar is formed on the other side without touching the line or do you have other reason?
Correct.
Conventional trading is for losers
  • #26
  • Jan 24, 2018 4:10pm Jan 24, 2018 4:10pm
Quoting bulltrader13
Thanks for the thread Ralffe!. Currently in 2 trend continuation trades {image} {image}
Not bad. You jumped the gun on both going in on candles that had the line cutting through. Be careful with both trades as a pull-back could take you out.
I would monitor them on the 1H
Conventional trading is for losers
  • #27
  • Jan 24, 2018 4:13pm Jan 24, 2018 4:13pm
For those wanting to trade the minor pull-backs. The 1H is best.
Here is a good example of not using lower time frames.
Attached Image(s) (click to enlarge)
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Conventional trading is for losers
  • #28
  • Jan 24, 2018 6:36pm Jan 24, 2018 6:36pm
Nice video Rallfe.
Good Trading
  • #29
  • Jan 24, 2018 7:12pm Jan 24, 2018 7:12pm
Quoting aud
Nice video Rallfe.
Cheers
Conventional trading is for losers
  • #30
  • Jan 24, 2018 7:23pm Jan 24, 2018 7:23pm
Good examples today why you should not trade pull-backs unless confirmed on the Daily.
In fact. Anyone who is serious about lifting their win rate to above 90% should customize their platforms to eliminate lower time frames. Takes a while to get used to but the exercise is worth it.
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Conventional trading is for losers
  • #31
  • Jan 24, 2018 7:30pm Jan 24, 2018 7:30pm
Trump & co are determined to drive the US Dollar down. So. AU, Gold EU etc UP & UJ Down.
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Conventional trading is for losers
  • #32
  • Jan 26, 2018 12:22am Jan 26, 2018 12:22am
Trumps strong dollar bullshit comment hardly even registered on the Dailies.
Attached Image (click to enlarge)
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Conventional trading is for losers
  • #33
  • Jan 26, 2018 1:53am Jan 26, 2018 1:53am
Hi Ralffe, very interesting and simple method, thanks for sharing. I will do some back testing during the weekend. What is your experience for a save place for entry? After a bigger pullback or after a crossover of a not too steep trendline?
  • #34
  • Jan 26, 2018 2:43am Jan 26, 2018 2:43am
Quoting Ralffe
Trumps strong dollar bullshit comment hardly even registered on the Dailies. {image}
Thanks for your system, very nice!
Would you mind to check out this DXY chart since I found more entries (counting "waves" by means of 5-candle fractals).
The "extra" days in question: 24/3, 21/4 and 9/6 - to mention a few..
Also, is your exact entry mechanism that you wait for the daily to close across the line without a touch?

Attached Image (click to enlarge)
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  • #35
  • Jan 26, 2018 2:48am Jan 26, 2018 2:48am
Quoting Maddin
Hi Ralffe, very interesting and simple method, thanks for sharing. I will do some back testing during the weekend. What is your experience for a save place for entry? After a bigger pullback or after a crossover of a not too steep trendline?
Both.
Always tricky getting in after a trend is established. You have to wait for a pull-back & then a line cross to be sure. Otherwise you may get caught.
Always wait for the Daily to confirm the direction or direction continuance. As seen today & yesterday even the 4H showed false entries.
Conventional trading is for losers
  • #36
  • Jan 26, 2018 3:06am Jan 26, 2018 3:06am
Quoting Go5
{quote} Thanks for your system, very nice! Would you mind to check out this DXY chart since I found more entries (counting "waves" by means of 5-candle fractals). The "extra" days in question: 24/3, 21/4 and 9/6 - to mention a few.. Also, is your exact entry mechanism that you wait for the daily to close across the line without a touch? {image}
You can chase the individual waves if you like but I try to stay in the trend as long as it lasts. Adding on at each pull-back

No the daily does not need to "Close" however it doesn't hurt to wait the extra day as every move has a pull-back. Even a candle. So if you can trade the Asian session you can take advantage of a pull-back on the previous candle before entry.
Conventional trading is for losers
  • #37
  • Jan 26, 2018 3:20am Jan 26, 2018 3:20am
Speaking of pull-backs. Most pairs look overstretched at the moment & although I'm convinced they are only half way to their targets, A pull-back at this stage would not surprise me. Yesterdays action could be a precursor to a decent retracement. Maybe.
Conventional trading is for losers
  • #38
  • Jan 26, 2018 4:47am Jan 26, 2018 4:47am
Hello Ralffe

If it is not too much trouble can we see your latest NU and AJ charts with the uptrend lines on it and in particular on AJ if any short trade has been triggered.
Thanks
Regards
  • #39
  • Jan 26, 2018 7:11am Jan 26, 2018 7:11am
TE please, demo or real, thanks..
  • #40
  • Jan 26, 2018 8:01am Jan 26, 2018 8:01am
Thanks for the interesting thread, Ralffe

I'll set up some Dailies and track them from Monday : I'd also like to "grok" your method of drawing these TLs.
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