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line study

  • #21
  • Apr 24, 2019 8:43am Apr 24, 2019 8:43am
Quoting rolandW
OK, so want to stress that this is not the usual account I trade off, as you can see the Spread on this account is really quite big... But to give some examples of trades. 2 have just triggered. One on the GBPUSD and one on the AUSUSD I am expecting price to respect the relevant levels and move to the TP levels. as mentioned, once we are 50% in profit, we can move to a BE trade. {image} {image}
i'm sorry and i hope u are open for the truth
too much objects and colors in ur charts mean one thing, or two that you are noob or....

cheers
  • #22
  • Apr 24, 2019 8:45am Apr 24, 2019 8:45am
Quoting dicojoxaftr
{quote} ok lets prove it this is the basics of trading trend-lines take the picture below, in (1) we have a trend line broken then a retest = back down to where the trend start in (2) we have the same thing as in (1) and we are trying to follow the momentum {image} lets see where it goes
no one is saying that trend lines are not broken. And no one is saying that S/R lines are never broken. No one is saying that you never have losing trades, and no one is saying that what you have stated is incorrect.

What I am saying is that taking one part of a STUDY, or even a trading strategy and saying it does not work, is very very lazy. You have TOTALLY missed the point of the thread.

In actual fact, if you want to test your theory... FOLLOW the rules and set ups that I have posted. What you are trying to prove is not really anything to do with this.. Have you even read through the posts? Or rather to say it another way. READ through the posts (and re read them to make sure) or go to a thread entitled 'we are talking trend lines, and only trendlines' or 'trendlines are our friends, and we are not trading anything other than trendlines, and trendlines are the only source of analysis on our trades'.

ALso, you are not using the relevant template as per the rules..
  • #23
  • Apr 24, 2019 8:50am Apr 24, 2019 8:50am
Quoting dicojoxaftr
{quote} i'm sorry and i hope u are open for the truth too much objects and colors in ur charts mean one thing, or two that you are noob or.... cheers
Dico, I am afraid, you are not contributing. This is not a discussion about whether your opinion is right or wrong. You have not even attempted to read the thread, or even tried to grasp the simple point of it.

the 'colours' are simply distinguishing the different time frames- wow big noob mistake there...

Please either read the thread, or exit. You never know you may even learn something?
  • #24
  • Apr 24, 2019 8:55am Apr 24, 2019 8:55am
Do we have the backtesting result?
  • #25
  • Apr 24, 2019 8:56am Apr 24, 2019 8:56am
Quoting rolandW
{quote} Dico, I am afraid, you are not contributing. This is not a discussion about whether your opinion is right or wrong. You have not even attempted to read the thread, or even tried to grasp the simple point of it. the 'colours' are simply distinguishing the different time frames- wow big noob mistake there... Please either read the thread, or exit. You never know you may even learn something?
i am only trying to help but ppl taking it by the wrong way because "i'm not an angel" i help and laugh at you in the same time

cheers, try to to keep things simple, dont write journals and dont make some kidish rules for nothing useful

its 2019 dude, run dont walk
  • #26
  • Apr 24, 2019 9:02am Apr 24, 2019 9:02am
Quoting rolandW
OK, so want to stress that this is not the usual account I trade off, as you can see the Spread on this account is really quite big... But to give some examples of trades. 2 have just triggered. One on the GBPUSD and one on the AUSUSD I am expecting price to respect the relevant levels and move to the TP levels. as mentioned, once we are 50% in profit, we can move to a BE trade. {image} {image}
GBPUSD taken out a BE

AUDUSD did not respect the support level, taken out at 7 pips.

For the AUDUSD trade we can do one of two things, see if we get a green candle, which would give us another entry. There is a 15 in trend line and support level, or look for an ABC pattern. Either is good.
  • #27
  • Apr 24, 2019 9:16am Apr 24, 2019 9:16am
GBPUSD subsequently went to full TP.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD final.JPG Size: 203 KB


Attached Image (click to enlarge)
Click to Enlarge Name: audusd final.JPG Size: 196 KB
  • #28
  • Apr 24, 2019 9:20am Apr 24, 2019 9:20am
Setting Trades to breakeven Makes No sense. Ove the Long Run you only will kill alot of Profit.
Everyday better.
  • #29
  • Apr 24, 2019 9:24am Apr 24, 2019 9:24am
Quoting arlucad
Setting Trades to breakeven Makes No sense. Ove the Long Run you only will kill alot of Profit.
Thanks for your contribution. I think you may be right. I think the purpose of this thread is to show directional bias not trade management. The trading bit is more to show that price went where it was supposed to go, not if the trade is managed correctly...
  • #30
  • Apr 24, 2019 9:26am Apr 24, 2019 9:26am
Its your thread you can so What you want. But trade Management is much more Important than the entrys.

I Wish you much success with your study!
Everyday better.
  • #31
  • Last Post: Apr 24, 2019 9:29am Apr 24, 2019 9:29am
Line study benefits from a top-down approach. You may not limit it to 4H and 1H tfs. I apply line study in my top-down market analysis using higher time frames.

Trade safe.

KP
Do your homework, follow the footprints of smart money
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