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Simple Trendline Orderflow System

  • #61
  • Aug 17, 2021 4:15am Aug 17, 2021 4:15am
Quoting bilal1947
{quote} can you kindly do corrections on my chart please.
Like I mentioned none of your drawings qualify as TLs as there are not connecting the swings. Perhaps you can find resources on how to draw trendlines outside of this space. Then you can draw again and we can analyse.
Trading should not be difficult
  • #62
  • Aug 17, 2021 4:19am Aug 17, 2021 4:19am
Quoting Viki84
Hi guys! Im new to this but I think its worth to watch! Gbp/Usd M15 Green pips! {image}
This one failed. Not all will be winners.

But in hindsight it would have been better to get a higher TF level then we look for setup on the LTF. Still if one waited for M1 setup there would be no trade in the first place.
Trading should not be difficult
  • #63
  • Aug 17, 2021 4:27am Aug 17, 2021 4:27am
Hi @ all,
thanks EngineerFx

Waiting for this... pending long @ 1,1743...

Attached Image (click to enlarge)
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Best
Chriss
  • #64
  • Aug 17, 2021 4:34am Aug 17, 2021 4:34am
Quoting chrissfx
Hi @ all, thanks EngineerFx Waiting for this... pending long @ 1,1743... {image} Best Chriss
Good level.

But what if price just shoots through that level due to some strong news?

That is why I recommend looking for LTF entry when price gets to the HTF level. We will usually get a chance to enter at LTF TL breakout level or after some BOS so pending orders are discouraged. But it is up to the trader
Trading should not be difficult
  • #65
  • Aug 17, 2021 6:19am Aug 17, 2021 6:19am
Greetings from Russia EngineerFx

Your system is great, and i really like to see how the comunity improves it. But I have a question not about it. Could you please recommend a couple books or videos, that helps you? I know, that there're a lot of books in FF, but I'm really interesting what helps you.

Thanks a lot, and sorry for my language

Jay
  • #66
  • Aug 17, 2021 6:46am Aug 17, 2021 6:46am
Hi interesting strategy, Does this work in all currencies?
  • #67
  • Aug 17, 2021 7:49am Aug 17, 2021 7:49am
Hi two trades with normal lot size.

Using the TL to find convergence with the main PA.

Short EU
Attached Image (click to enlarge)
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Long UJ
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The thing is that I used a variation for the second one to verify if there was convergence as well.

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I think that the SL level can be tighter, I need to check it. I will run a massive test on a simulator.

Both trades were taken too early imo. I don't know if it was relevant, I will check it too.

Regarding the confluence of news release, I personally think news do not have an impact on pricing and if you have a clear view of your price structure, news should respect it. That is why I was not worried.
  • #68
  • Aug 17, 2021 8:04am Aug 17, 2021 8:04am
Quoting scherzi
Hi two trades with normal lot size. Using the TL to find convergence with the main PA. Short EU {image} Long UJ {image} The thing is that I used a variation for the second one to verify if there was convergence as well. {image} I think that the SL level can be tighter, I need to check it. I will run a massive test on a simulator. Both trades were taken too early imo. I don't know if it was relevant, I will check it too. Regarding the confluence of news release, I personally think news do not have an impact on pricing and if you have a clear view...
hey if you were gonna say "normal lot size" why did you blacken out the lot size on your screenshot?
who dares wins
mashFX DSRII Return This Year: na
  • #69
  • Edited 8:42am Aug 17, 2021 8:20am | Edited 8:42am
Quoting mashfx
{quote} hey if you were gonna say "normal lot size" why did you blacken out the lot size on your screenshot?
On a previous thread I mentioned that I was testing with 0.01 lots. I do not like demoing.

But these last trades, I used the regular lot sizes I employ, it was not just peanuts. I mentioned it so that EnginerFx could know it.

I never share the size of my positions when trading live.

And if you wonder why I never share my lot sizes it is because I am a very bad trader and do not want people seeing how I lose. Just that.
  • #70
  • Aug 17, 2021 9:04am Aug 17, 2021 9:04am
Quoting EngineerFx
{quote} If you are a BTC trader, you must watch out for 47230 or thereabout {image}
And there we go on BTC. Pinpoint!
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Trading should not be difficult
  • #71
  • Aug 17, 2021 9:33am Aug 17, 2021 9:33am
Quoting scherzi
Regarding the confluence of news release, I personally think news do not have an impact on pricing and if you have a clear view of your price structure, news should respect it. That is why I was not worried.
I hope you won't find out the hard way that this sentence is sometimes true but often enough it isn't.
Nevertheless: good luck. These were nice trades.
  • #72
  • Aug 17, 2021 10:11am Aug 17, 2021 10:11am
USDCHF ,9125
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  • #73
  • Aug 17, 2021 1:31pm Aug 17, 2021 1:31pm
Hi EngineerFX,

I just found your Thread today and your strategy is very good and simple which makes a lot of sense but after some study I have the following questions for you.

When you identify a trendline on the HTF (H4) and you get a trendline break and mark out the break with a line. When price return for the retest do you drop down to a LTF (15, 30 or H1) and draw another trendline?

My question is this the time-frame you identify the trendline and break is that the time-frame you enter into trades?

Because most of your examples it seems the time-frame you have your Trendline break is the timeframe you are taking positions on? If I have drawn out a trendline on the H4 do I consider a M15 break valid? can I enter a trade on a M15 break and retest ?
  • #74
  • Aug 17, 2021 1:53pm Aug 17, 2021 1:53pm
Quoting jayfxtrading
Hi EngineerFX, I just found your Thread today and your strategy is very good and simple which makes a lot of sense but after some study I have the following questions for you. When you identify a trendline on the HTF (H4) and you get a trendline break and mark out the break with a line. When price return for the retest do you drop down to a LTF (15, 30 or H1) and draw another trendline? My question is this the time-frame you identify the trendline and break is that the time-frame you enter into trades? Because most of your examples it seems the...
There are setups that require the trader to drop down to LTF when price visits HTF TL break line and there are setups that do not require that. When price visits a TL break line that has very clean zones around it then we usually do not need to drop down. But if the zone is not very clean and if it is like the second time arrival we many want to hesitate and look for LTF setup within the HTF TL break area. In essence, when we have doubts or when we want to improve RR, we check LTF. When we are trading LTF TL break around HTF TL break lines the safe approach is to put the stop above the zone through which the HTF TL break line is passing. But with more skill you can put the stop above the LTF TL break zone. Hope all is clear.

Also, it is VERY IMPORTANT that we draw TL break around compressed zones.
Trading should not be difficult
  • #75
  • Aug 17, 2021 2:25pm Aug 17, 2021 2:25pm
Some perspective:

Setup A better than Setup B
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Trading should not be difficult
  • #76
  • Aug 17, 2021 2:30pm Aug 17, 2021 2:30pm
More perspective:

Setup A better than Setup B
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Trading should not be difficult
  • #77
  • Aug 17, 2021 3:26pm Aug 17, 2021 3:26pm
Quoting EngineerFx
More perspective: Setup A better than Setup B {image}

thanks for the feedback and clarification. However are you saying Setup B we drop down to LTF to take the position? OR dropping down to LTF is just base on RR? Also base on the rule of the system we never take the break out of the trendline but we wait for the retest? is there a time period we have to wait for the retest after the break of the TL before taking a trade?
  • #78
  • Aug 17, 2021 5:05pm Aug 17, 2021 5:05pm
Quoting jayfxtrading
{quote} thanks for the feedback and clarification. However are you saying Setup B we drop down to LTF to take the position? OR dropping down to LTF is just base on RR? Also base on the rule of the system we never take the break out of the trendline but we wait for the retest? is there a time period we have to wait for the retest after the break of the TL before taking a trade?
There is more price compression going on in setup A than in B. And as you can see the TL of A is more slanted than that of B.
To your last question, there is no time period, just look at what price is doing and judge for yourself if the retest is worth taking. Ideally we want to see reversal signatures as price is approaching the TL breakout line. And usually price will arrive at these TL breakout lines around news events. Your other questions have been answered in previous posts
Trading should not be difficult
  • #79
  • Aug 17, 2021 5:25pm Aug 17, 2021 5:25pm
Quoting EngineerFx
{quote} There is more price compression going on in setup A than in B. And as you can see the TL of A is more slanted than that of B. To your last question, there is no time period, just look at what price is doing and judge for yourself if the retest is worth taking. Ideally we want to see reversal signatures as price is approaching the TL breakout line. And usually price will arrive at these TL breakout lines around news events. Your other questions have been answered in previous posts
Okay noted. so if I was to get a break of the trendline I will be waiting for retest before going long?
  • #80
  • Aug 17, 2021 5:26pm Aug 17, 2021 5:26pm
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