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Simple Trendline Orderflow System

  • #41
  • Aug 16, 2021 4:19pm Aug 16, 2021 4:19pm
Quoting EngineerFx
{quote} Even the almighty BTC was not spared {image}
And if you ask me at what price levels I would like to buy BTC I would tell you I would be watching the yellow levels for price action
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Trading should not be difficult
  • #42
  • Aug 16, 2021 11:56pm Aug 16, 2021 11:56pm
Quoting scherzi
Look, please be aware that now IT IS VERY LATE for trading GU. {image} Lol, very funny the reaction almost immediately (zoomed in to M5). {image} See on m1 the current PA.{image}
Easy peasy
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Trading should not be difficult
  • #43
  • Aug 17, 2021 12:16am Aug 17, 2021 12:16am
Quoting EngineerFx
{quote} And if you ask me at what price levels I would like to buy BTC I would tell you I would be watching the yellow levels for price action {image}
If you are a BTC trader, you must watch out for 47230 or thereabout
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Trading should not be difficult
  • #44
  • Aug 17, 2021 1:00am Aug 17, 2021 1:00am
Quoting EngineerFx
{quote} If you are a BTC trader, you must watch out for 47230 or thereabout {image}
Indeed.
  • #45
  • Edited 1:23am Aug 17, 2021 1:02am | Edited 1:23am
This was an incorrect setup and I closed it immediately when I realized. I leave it here anyways.

Testing this ugly PA

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I think I delineated it wrongly.

Now.

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Just using 0.01 lots for testing. I like this more than demoing.

Ops, I realize there has not been break of structure yet. Aborting.

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  • #46
  • Aug 17, 2021 1:14am Aug 17, 2021 1:14am
So, not having a break in structure, I closed the main trade and let only the first one, targeting the structure in progress.

The sl was conservative, but I think I should have set my sl a litte above to duplicate my RRR.

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In that manner closing at RRR 1:2 or 1:3 would have been easy.

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  • #47
  • Aug 17, 2021 1:18am Aug 17, 2021 1:18am
Hi guys! Im new to this but I think its worth to watch! Gbp/Usd M15 Green pips!
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Time is your friend; impulse is your enemy! - John Bogle
  • #48
  • Aug 17, 2021 1:26am Aug 17, 2021 1:26am
trend lines i have not good at to be honest, did i marked correctly ?
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"Exchange of hands"
  • #49
  • Aug 17, 2021 1:43am Aug 17, 2021 1:43am
I thought this microstructure was similar and it was not. Take note

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  • #50
  • Aug 17, 2021 2:04am Aug 17, 2021 2:04am
Hi Brother EngineerFX ,
Which is the right time frame for this stratagy or it it valid on al TF ..kindly please
  • #51
  • Edited 3:20am Aug 17, 2021 2:31am | Edited 3:20am
Quoting scherzi
This was an incorrect setup and I closed it immediately when I realized. I leave it here anyways. Testing this ugly PA {image} I think I delineated it wrongly. Now. {image} Just using 0.01 lots for testing. I like this more than demoing. Ops, I realize there has not been break of structure yet. Aborting. {image}
This is interesting. A few comments:

1. One of the requirements is that price must be coming from weak levels. That criteria was not made in that trade
2. per that chart, price was in a downtrend and we should mainly be looking for shorts. Any longs there must have very conservative targets
3. There was a not-so-obvious sell trade there.
4. Price did give you 50% of the previous run and that was a decent move given that chart.
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Trading should not be difficult
  • #52
  • Aug 17, 2021 2:48am Aug 17, 2021 2:48am
Quoting HumbleLearne
Hi Brother EngineerFX , Which is the right time frame for this stratagy or it it valid on al TF ..kindly please
Best approach is to look for HTF TL breakout levels and when price returns look for setup on LTF around the HTF levels. The principle works on all TF since price is fractal
Trading should not be difficult
  • #53
  • Aug 17, 2021 2:52am Aug 17, 2021 2:52am
Quoting bilal1947
trend lines i have not good at to be honest, did i marked correctly ? {image}
Make sure you are actually drawing trendlines. Those are not trendlines because I can't see the swings there.

Also, ensure that you are drawing trendlines around compressed zones.
Trading should not be difficult
  • #54
  • Aug 17, 2021 2:53am Aug 17, 2021 2:53am
Quoting Viki84
Hi guys! Im new to this but I think its worth to watch! Gbp/Usd M15 Green pips! {image}
Looks good to me. We should see a bounce there.
Trading should not be difficult
  • #55
  • Aug 17, 2021 2:55am Aug 17, 2021 2:55am
Quoting EngineerFx
{quote} Make sure you are actually drawing trendlines. Those are not trendlines because I can't see the swings there. Also, ensure that you are drawing trendlines around compressed zones.
can you kindly do corrections on my chart please.
"Exchange of hands"
  • #56
  • Aug 17, 2021 2:58am Aug 17, 2021 2:58am
Quoting EngineerFx
{quote} 3. There was a not-so-obvious sell trade there. 3. Price did give you 50% of the previous run and that was a decent move given that chart.
So - what you're saying - basically - is that it would have been a safer trade to sell this pullback (instead of buying the retest of the upside break).
[I revisited page one: "coming from a weak level" is mentioned in your introduction - but not as a requirement; you just say: for best results... - Maybe you want to make this clearer or emphasize it - just saying.]
It is helpful that you relate to examples in this way - thank you.
  • #57
  • Aug 17, 2021 3:33am Aug 17, 2021 3:33am
a little bit confused with the trendline..
  • #58
  • Aug 17, 2021 3:39am Aug 17, 2021 3:39am
Quoting EngineerFx
{quote} This is interesting. A few comments: 1. One of the requirements is that price must be coming from weak levels. That criteria was not made in that trade 2. per that chart, price was in a downtrend and we should mainly be looking for shorts. Any longs there must have very conservative targets 3. There was a not-so-obvious sell trade there. 4. Price did give you 50% of the previous run and that was a decent move given that chart. {image}
Thank you, I see, interesting the weak level idea.
  • #59
  • Aug 17, 2021 4:08am Aug 17, 2021 4:08am
Quoting josi
{quote} possibly not any more - if you take a look at H1 {image}
Always recommended to find a level on HTF and find an entry on M5 or M1.
Trading should not be difficult
  • #60
  • Edited 4:24am Aug 17, 2021 4:13am | Edited 4:24am
See

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When seeing at HTF, I see ascending prices instead.

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And see on H1.
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EU M15 is interesting also. M1 may offer something.

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7 minutes to 10:30 UK time. Let's see what happens.
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