Did I draw the lines correctly? Do I exit now or do I wait for the SL at the Bottom? {image}
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On the Daily AU is putting in lower lows & Lower highs so the immediate trend is down. SO. If you went long you should be out with a plus 60 pip win & be in & currently at plus 30 pip short.
Your indicator is obstructing your view.
{quote} On the Daily AU is putting in lower lows & Lower highs so the immediate trend is down. SO. If you went long you should be out with a plus 60 pip win & be in & currently at plus 30 pip short. Your indicator is obstructing your view. {image} {image}
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Thanks a lot. Best Thread I've seen on here. Keep it up
Joined Jul 2017
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Status: Active member
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Hi Ralffe first post but I’ve been lurking about would now be a good time to long on AU as it’s broke it’s down trendline and put in its first wave to upside which seems to be holding?
Hi Ralffe first post but I’ve been lurking about would now be a good time to long on AU as it’s broke it’s down trendline and put in its first wave to upside which seems to be holding?
now I see. The red line is where I would of initialy drew from my anchor the blue line is the next updated line the green line is the next updated line. Now because a Daily candle has broken the green line and crossed id wait for a candle to close below the crossing candle to confirm short. Id have got a better entry if id have gone down to the 4 hour time frame now ill wait for a wave to appear to connect my downwards trendline {image}
I'm thinking of gathering a small group of traders to trade with & for me. With my money.
One of the things affecting my optimal trading performance is, having moved back to Australia, I'm asleep whilst the US session & half the European session takes place limiting my overall performance.
Which is one of the reasons I stick to higher time frames.
This would only be for those interested in learning my complete trading system & using it exclusively.
Those who are prepared to forget all the crap & indicators of their past & adhere to the rules of the Hinged S&R trend lines.
Just a thought at this stage so don't go banishing me to the commercial section just yet.
Your thoughts are welcome.
Hi Ralffe,
Lovely thread..
Since early this year I started to trade the D1 TF with just clean charts no indis
I use S&R taken from the M TF, I wait for price to reach these zones and if the PA is showing signs of reversal, only then do I place a trade.
I'll start to use your TL with my method.
Thanks for the videos..
