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SAFE - KISS

  • #781
  • Mar 20, 2018 7:05am Mar 20, 2018 7:05am
Quoting Neil0163
{quote} If I’m correct I’d say the red line as the blue line would have been crossed by the previous up move as you moved it down the waves, once it’s crossed and closed above it becomes obsolete and you then need to establish a new downward trendline during the up move if that makes sense........I could be wrong though Ralffe will clear it up

I was thinking to use 3 trendlines: (i don't know if it is a good idea or just crap)

One is the primary (blue) long-term,
Secondary mid-term/new (blue)
Third: corrections etc. Just my thoughts, hope Ralffe will clarify this
  • #782
  • Edited 7:41am Mar 20, 2018 7:19am | Edited 7:41am
Quoting MrGreen95
Now short on EUR/USD (m15) 1.23226 - late entry. Risky because there are news, so now i taked it at BE.

Well, it's obvious bears are on the battlefield: I'll hold as long as i see them

Edit: Closed +100 pips. Maybe it's too soon, but i'm satisfied with this profit.
Attached Image (click to enlarge)
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  • #783
  • Edited 7:59am Mar 20, 2018 7:37am | Edited 7:59am
Totally love this thread and the simplicity of the strategy; thanks Ralffe!
Val
  • #784
  • Mar 20, 2018 8:11am Mar 20, 2018 8:11am
Missed nice 100 pips (single trade) on EUR/CAD, i was too concentrate on EUR/USD
  • #785
  • Mar 20, 2018 8:18am Mar 20, 2018 8:18am
Quoting Neil0163
{quote} If I’m correct I’d say the red line as the blue line would have been crossed by the previous up move as you moved it down the waves, once it’s crossed and closed above it becomes obsolete and you then need to establish a new downward trendline during the up move if that makes sense........I could be wrong though Ralffe will clear it up
I'm talking about last swing high & entrance in short trade there. What hinged TL is better?)
  • #786
  • Mar 20, 2018 8:45am Mar 20, 2018 8:45am
I pretty sure I have a good grasp on how to draw the trend lines.
Getting in and out of trades is not complicated but getting all the TL breaks seems to don't provide a high win ratio.
To ensure getting a high win ratio do you look for trend on a higher time frame?
Val
  • #787
  • Mar 20, 2018 12:03pm Mar 20, 2018 12:03pm
Hi Ralffe,
Please check if my TL are correctly drawn, would appreciate it.
Are you moving away from the D1 TF, as you mention that we should practice on th 15M and H1 TF
Attached Image (click to enlarge)
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  • #788
  • Mar 20, 2018 12:30pm Mar 20, 2018 12:30pm
For those wondering about when the candles are touching the line but not officially crossing over, this is also genius because it allows you to correct the angle of your line accordingly to the current trend even if you drew it steeper than you should have, and allows you to stay in instead of closing a trade too early.
  • #789
  • Mar 20, 2018 1:07pm Mar 20, 2018 1:07pm
Quoting Ralffe
Gone short on Gold.. Price has proceeded below previous candle which had Red line crossing through it. We now wait until the 1st pull-back to draw a new line. Green lines show where previous trades entered. {image}
Just a reminder to those that are looking for rules of entry. I found them in the picture of
POST 94. Been reading up to that point from the beginning.

regards
  • #790
  • Mar 20, 2018 5:16pm Mar 20, 2018 5:16pm
My question is in the picture.
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  • #791
  • Mar 20, 2018 5:25pm Mar 20, 2018 5:25pm
Quoting thjw
My question is in the picture. {image}
If it's a wave it failed so your line should now be on top of that last high.
Attached Image (click to enlarge)
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Conventional trading is for losers
  • #792
  • Mar 20, 2018 5:29pm Mar 20, 2018 5:29pm
Quoting antisystem
Ralffe, what line is correct? Red or blue one? {image}
Red was the correct line but was also obsolete when you posted the chart.
Attached Image (click to enlarge)
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Conventional trading is for losers
  • #793
  • Mar 20, 2018 5:31pm Mar 20, 2018 5:31pm
Quoting MrGreen95
{quote} Ralffe, please, can you explain me what technically happens with the "abrupt"? I mean, the traders positioned shorts, close their trades and run away? And... others goes long? I'd like to understand all the things that happens in the market in these situations
Abrupt means a sharp unexpected pull-back. FOMC coming so expect pull-back spikes. Got a feeling this one could be nasty. Could be a fizzer too.!!!
Conventional trading is for losers
  • #794
  • Mar 20, 2018 5:33pm Mar 20, 2018 5:33pm
Quoting MrGreen95
{quote} I was thinking to use 3 trendlines: (i don't know if it is a good idea or just crap) One is the primary (blue) long-term, Secondary mid-term/new (blue) Third: corrections etc. Just my thoughts, hope Ralffe will clarify this
Nope. just creates clutter & confusion.
Conventional trading is for losers
  • #795
  • Mar 20, 2018 5:35pm Mar 20, 2018 5:35pm
Quoting fxmarvel
I pretty sure I have a good grasp on how to draw the trend lines. Getting in and out of trades is not complicated but getting all the TL breaks seems to don't provide a high win ratio. To ensure getting a high win ratio do you look for trend on a higher time frame?
Always look to the higher time frames to ensure you grasp what is really going on
Conventional trading is for losers
  • #796
  • Mar 20, 2018 5:39pm Mar 20, 2018 5:39pm
Quoting Lrg
Hi Ralffe, Please check if my TL are correctly drawn, would appreciate it. Are you moving away from the D1 TF, as you mention that we should practice on th 15M and H1 TF {image}
Pretty good. Don't be afraid to move the hinge if the line gets too steep.

No.the daily is my main chart.
Only be using 15m & 1H for day trading which is what the "group" will be doing.
Conventional trading is for losers
  • #797
  • Mar 20, 2018 5:41pm Mar 20, 2018 5:41pm
I have decided to start working with the 6 hour charts on CTrader. 4 candles a day seems like a good trade off between chart time and life for me.

How does my AUDUSD chart look? I think (hopefully) I have sussed the 2 o'clock, 4 o'clock angle to start the line and also seem to be anchoring them better too with more practice now.
Attached Image (click to enlarge)
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  • #798
  • Mar 20, 2018 7:49pm Mar 20, 2018 7:49pm
days target reached 7 lots of 30pts (3 pips ) TP hit ,will be very selective with any more
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Good Fortune All
Huge THANKS Ralffe
  • #799
  • Mar 21, 2018 12:18am Mar 21, 2018 12:18am
hi everyone, new in here, still learning this method so can anyone point out my mistake from picture here?
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  • #800
  • Mar 21, 2018 12:49am Mar 21, 2018 12:49am
Quoting Ralffe
{quote} Red was the correct line but was also obsolete when you posted the chart. {image}
Thanks, got it.
Yes, I understand obsolescence of lines) It was one of my win trades
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