SAFE - KISS

Quoting Ralffe

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{quote} 1st entry correct. 2nd entry, you could have got in earlier by moving the lint to the last higher low wave. Your last line can now be moved up to below the present lower high. This would however make the line quite steep. I would start the line from where the original started at the bottom of the overall trend. {image} {image}

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Quoting SirViver

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Hi Ralffe, Thanks for sharing your simple and profitable system. I have traded trend line breaks in the past, but never put them together as a method of their own, with stop loss and take profits like you have. I really like how clean and simple it is. I watched your video, read thru the thread, and practiced drawing & trading them on lower time frames today, and I want to make sure I have it down 100%. On the NZD/USD Daily chart you placed on post #4, I understand where your 1st trend line was broken, and where you placed the 2nd one. My question...

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Quoting Ralffe

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{quote} Everything concerning Forex is subjective & my lines are no exception. No I didn't draw originally from the point you mention but it would have been ok to do so. Drawing from there would have got you in earlier & given you an extra 50 pips. However you would have suffered a 75 pip DD before price finally went your way 12 days later. I believe in safety first. There are always other pairs to trade so you can wait for any individual pair to shape up whilst trading others.

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Quoting Ralffe

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Perhaps this will help. Red lines show change of direction. Trend end & start. Magenta lines show how red line was moved after each wave pull-back. {image}

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Quoting aud

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{quote} Or rather than sometimes having lines everywhere, you could mark the candles the line has been drawn from. ie {image}

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Quoting JaqenHgar

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{image} Edit : although these are H8, please assume/reply as if they are D1 ! Edit2 : just reread the thread - I have changed the chart to show the correct entry at the break of the prior bar High, not at the Open of the current bar (after last HL, not now)...

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Quoting Ralffe

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Perhaps this will help. Red lines show change of direction. Trend end & start. Magenta lines show how red line was moved after each wave pull-back. {image}

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Quoting Ralffe

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For those wanting to trade the minor pull-backs. The 1H is best. Here is a good example of not using lower time frames. {image} {image}

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Quoting Blackeagle

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{quote} Just to show you what I mean re. entries, please have a look your second chart, AUDUSD H1 and where your entry was indicated by aqua line. First of all that line is the one with No Touch. And you did not wait for it close. What if a last minute news causes volatility and line cross the line if you enter before it closes? And why did you enter at aqua line as there is nothing specific at that level, not a breakout, not a close. Do you just wait for any kind of pullback if "No Touch" bar closes well below trendline and enter? Kind Regards,...

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Quoting Ralffe

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{quote} Not worried about BS news spikes. This is the beauty of sticking as much as possible to Daily charts.

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Quoting Ralffe

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{quote} Not sure why you are using an 8H chart ... {image}

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Quoting Ralffe

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When it comes to trading. Does anyone really know JackShit.??? Speaking of which.. Video. https://www.youtube.com/watch?v=DQl2XlFYaB4

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