Pretty awesome and easy to understand system you have here Ralffe, especialyt for the h12 & up charts but thought id give it a shot a few times on the lower frames & i am in my first trade with it and what do you know? well LoL you probably know but guys its profit, i have modified it a tiny little bit and added some rules for myself but this is simplistic that the stupid & the smart think its way too good to be true but somehow just works & they're dumbfounded by it why you ask? ZERO Indicators i cant even look at charts the same now LoL awesome system id be happy to pop into this thread and keep it lively
Pretty awesome and easy to understand system you have here Ralffe, especialyt for the h12 & up charts but thought id give it a shot a few times on the lower frames & i am in my first trade with it and what do you know? well LoL you probably know but guys its profit, i have modified it a tiny little bit and added some rules for myself but this is simplistic that the stupid & the smart think its way too good to be true but somehow just works & they're dumbfounded by it why you ask? ZERO Indicators i cant even look at charts the same now LoL awesome...
{quote} Hi, i have this trendline, instead of the one of your chart. I will go short if the price goes below it and the next candle doesn't touch it. Ralffe, which one is the right one? Thanks, Mirko {image}
Ignored
For what it's worth I have that same line ;-). Keen to hear what Ralffe thinks
{quote} Hi, i have this trendline, instead of the one of your chart. I will go short if the price goes below it and the next candle doesn't touch it. Ralffe, which one is the right one? Thanks, Mirko {image}
Ignored
Albertstien has it right. Your main lines are right but this is an add on so you need to tighten the line to the price action. This clearly a breakout from congestion.
{quote} Albertstien has it right. Your main lines are right but this is an add on so you need to tighten the line to the price action. This clearly a breakout from congestion.
Ignored
Thanks Ralffe and Alberstien, I have a question. The line of Albertstien is for add on, so does it mean that if someone is alrealdy short, he can add on a new short position based on the break of that line? And what if someone is still not in short trade? Can he go short based on that trendline (Alberstien one), or in this last case it is better to wait that "my trendline" is broken?
I hope i explain what i mean,
thanks very much,
Mirko
can we say that this trendline is an add on?
Is it ok to enter long once the price breaks it and the next candle close above it without touch it?
Thanks,
Mirko
Mirko, I think you misunderstand the meaning of add on. "Add on" is an adding to your current open trade. So on GJ you should be in short trade now and add on is a short trade.
As far as I could understand from Ralffe's charts your add on line should look like this.
{quote} Thanks Ralffe and Alberstien, I have a question. The line of Albertstien is for add on, so does it mean that if someone is alrealdy short, he can add on a new short position based on the break of that line? And what if someone is still not in short trade? Can he go short based on that trendline (Alberstien one), or in this last case it is better to wait that "my trendline" is broken? I hope i explain what i mean, thanks very much, Mirko
Just to understand, can we say that this trendline is an add on? Is it ok to enter long once the price breaks it and the next candle close above it without touch it? Thanks, Mirko {image}
Ignored
For going long you have drawn the line the wrong way.
You should be short & waiting to add another short with this pair.
Mirko, I think you misunderstand the meaning of add on. "Add on" is an adding to your current open trade. So on GJ you should be in short trade now and add on is a short trade. As far as I could understand from Ralffe's charts your add on line should look like this. {image}
Mirko, I think you misunderstand the meaning of add on. "Add on" is an adding to your current open trade. So on GJ you should be in short trade now and add on is a short trade. As far as I could understand from Ralffe's charts your add on line should look like this. {image}
