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Attachments: One line to rule them all (OLTRTA)
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One line to rule them all (OLTRTA)

  • #21
  • Edited 1:36pm Jan 25, 2021 1:23pm | Edited 1:36pm
Quoting Degolep
{quote} Did you even read the opening post?
yes I did ! may explain why when the price was above the open line and then came back to pivot he didn't take buy position?
Attached Image
  • #22
  • Jan 26, 2021 3:33pm Jan 26, 2021 3:33pm
Quoting arya.aryaee
{quote} yes I did ! may explain why when the price was above the open line and then came back to pivot he didn't take buy position? {image}
From 1st post:

But even if you are a monkey you know that you cannot just enter blindly BUY/SELL when price is above/below Daily open line. You need some extra confirmation/line/point.... What I use are the daily Pivot points.
So we BUY/SELL when price moves away from the Daily pivots and then comes back(retraces) to one of the Daily pivots and it bounces again in the direction of the Daily trend.

No offense meant, just .....the word BOUNCES...
Margin Call ed..I did not answer. F u Margin
  • #23
  • Jan 26, 2021 4:40pm Jan 26, 2021 4:40pm
Quoting 4EXample
{quote} From 1st post: But even if you are a monkey you know that you cannot just enter blindly BUY/SELL when price is above/below Daily open line. You need some extra confirmation/line/point.... What I use are the daily Pivot points. So we BUY/SELL when price moves away from the Daily pivots and then comes back(retraces) to one of the Daily pivots and it bounces again in the direction of the Daily trend. No offense meant, just .....the word BOUNCES...
Thankyou ! Please answer the question on picture ! is there a right place for buy position or not? please look at first picture of post#3
  • #24
  • Jan 26, 2021 7:10pm Jan 26, 2021 7:10pm
Quoting arya.aryaee
{quote} Thankyou ! Please answer the question on picture ! is there a right place for buy position or not? please look at first picture of post#3
Just my view
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Margin Call ed..I did not answer. F u Margin
  • #25
  • Jan 27, 2021 4:24am Jan 27, 2021 4:24am
Quoting Degolep
Wanted to share this trading strategy for some time now, so lets do it now. After reading several posts from veteran members Peter Crowns and CrucialPoint I've come to realization that Daily open line is the line to rule them all. We look only for BUY setups if the price is above the Daily open line and SELL if the price is below the Daily open line. But even if you are a monkey you know that you cannot just enter blindly BUY/SELL when price is above/below Daily open line. You need some extra confirmation/line/point.... What I use are the daily...
I am looking at NZDCHF. Price is in up trend on daily. There is a retracement on 1 hour. Rejection on 15 minutes on daily pivot points. I have entered long. TP at next resistance on PP or move to break even.
What is the leverage you are using on the account mate? For 15 minutes to be profitable we have to think about this as well.
Margin Call ed..I did not answer. F u Margin
  • #26
  • Jan 27, 2021 6:25am Jan 27, 2021 6:25am
Quoting 4EXample
{quote} I am looking at NZDCHF. Price is in up trend on daily. There is a retracement on 1 hour. Rejection on 15 minutes on daily pivot points. I have entered long. TP at next resistance on PP or move to break even. What is the leverage you are using on the account mate? For 15 minutes to be profitable we have to think about this as well.
1:100
Anything above the line is an uptrend, below the line is a downtrend.
  • #27
  • Jan 27, 2021 9:25am Jan 27, 2021 9:25am
Quoting Degolep
{quote} 1:100
Thank you. Closed NZD CHF with a small loss. But I will definitely look more into this strategy. I have twicked a bit the strategy and managed a win on AUD CHF and GBP USD. Will test more tonight.
Margin Call ed..I did not answer. F u Margin
  • #28
  • Jan 27, 2021 5:40pm Jan 27, 2021 5:40pm
hi Degolep, thanks for sharing

i also use the Daily Open Line as a "line in the sand" (in addition to the weekly and monthly openings) in the same sense as you,
however, without intending disturbing the thread, i do not use pivots,
instead of these i use % levels (mostly as targets),
and HTF structure PA levels

i like it, i sign up,

regards
Newbie trader
  • #29
  • Jan 27, 2021 6:08pm Jan 27, 2021 6:08pm
Quoting fex
hi Degolep, thanks for sharing i also use the Daily Open Line as a "line in the sand" (in addition to the weekly and monthly openings) in the same sense as you, however, without intending disturbing the thread, i do not use pivots, instead of these i use % levels (mostly as targets), and HTF structure PA levels i like it, i sign up, regards
Good to hear. Give us a few examples of your trades.
Anything above the line is an uptrend, below the line is a downtrend.
  • #30
  • Jan 28, 2021 10:58pm Jan 28, 2021 10:58pm
Quoting arya.aryaee
{quote} yes I did ! may explain why when the price was above the open line and then came back to pivot he didn't take buy position? {image}
I think he filter here could be- There is no extra confirmation (Inside Bar or retracement + surpass of the candle that bounced away from Pivot Line)- So this is what it was not a trade.
Margin Call ed..I did not answer. F u Margin
  • #31
  • Jan 28, 2021 11:00pm Jan 28, 2021 11:00pm
Degolep, would you consider a retracement to Daily Open as a possible trade if there is a bounce or you take entries just from Pivots?
Margin Call ed..I did not answer. F u Margin
  • #32
  • Jan 29, 2021 1:51am Jan 29, 2021 1:51am
Quoting 4EXample
Degolep, would you consider a retracement to Daily Open as a possible trade if there is a bounce or you take entries just from Pivots?
Yes and no, there were many times it holds and many times it bounces from daily open a bit and then reverses. More or less I use pivots.
Anything above the line is an uptrend, below the line is a downtrend.
  • #33
  • Feb 4, 2021 1:39pm Feb 4, 2021 1:39pm
Hello and thank you for new price action ("nude chart") ideas!
Quoting Degolep
I have set the SL a few pips under the daily open and it got hit.
What are your TPs?
Just an opinion. Based on research
  • #34
  • Feb 8, 2021 4:26am Feb 8, 2021 4:26am
I use this principle in my trading.
I've spent quite a lot of time developing methods based on this idea. As a result, I use the percentage extension from the day's open as a guide for pullback entry and exit levels. For skeptics, I will say that firstly it works, and secondly, say thanks to the author for the hint, he is not obliged to prove or convince you anything, as well as publish his live deals (account statements) to convince those who have who lacks intelligence to understand and appreciate the method.
Before you enter a trade, you should already know whether you will buy or sell. This method will only show you the place where you do it.
  • #35
  • Feb 8, 2021 6:14am Feb 8, 2021 6:14am
Quoting Seysin32
I use this principle in my trading. I've spent quite a lot of time developing methods based on this idea. As a result, I use the percentage extension from the day's open as a guide for pullback entry and exit levels. For skeptics, I will say that firstly it works, and secondly, say thanks to the author for the hint, he is not obliged to prove or convince you anything, as well as publish his live deals (account statements) to convince those who have who lacks intelligence to understand and appreciate the method. Before you enter a trade, you should...
Would you mind telling how you trade, how you enter? Thank you.
  • #36
  • Feb 8, 2021 6:35am Feb 8, 2021 6:35am
Quoting fx11trade
{quote} Would you mind telling how you trade, how you enter? Thank you.
Respecting the thread author, so not here.
  • #37
  • Feb 17, 2021 9:40am Feb 17, 2021 9:40am
Is this applicable / profitable only to 15 minutes TF? How about M30 and higher TF?
  • #38
  • Feb 17, 2021 10:42am Feb 17, 2021 10:42am
Quoting petty
Is this applicable / profitable only to 15 minutes TF? How about M30 and higher TF?
I trade on M15.
Anything above the line is an uptrend, below the line is a downtrend.
  • #39
  • Feb 17, 2021 4:21pm Feb 17, 2021 4:21pm
Quoting Degolep
After reading several posts from veteran members Peter Crowns and CrucialPoint...
Ha, I discovered PeterCrowns's posts a few months ago and found his contributions invaluable. Now I will go carefully binge read CrucialPoint's.
Thank you.
  • #40
  • Feb 18, 2021 2:10pm Feb 18, 2021 2:10pm
Im a trend follower and My trades are based on Alien concepts ( momentum, trend strength )
Recently I started to add the Daily open line and play with it
specially for Gold trades it works like charm <3

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