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Simple Trendline Orderflow System

  • #101
  • Aug 18, 2021 8:18am Aug 18, 2021 8:18am
Some perspective for Wyckoff traders.
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Trading should not be difficult
  • #102
  • Aug 18, 2021 8:39am Aug 18, 2021 8:39am
See, this is part of the confirmation of the setup.

I am testing in demo an indicator I am writting btw, but I used also the TL as confirmation over the level given by the indi. So, do not care by the lines, just the small fractal trendline above, by the short.

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  • #103
  • Aug 18, 2021 9:01am Aug 18, 2021 9:01am
Quoting scherzi
See, this is part of the confirmation of the setup. I am testing in demo an indicator I am writting btw, but I used also the TL as confirmation over the level given by the indi. So, do not care by the lines, just the small fractal trendline above, by the short. {image}
may be if they are of some use.
Attached File(s)
File Type: mq4 Tangent2-S.mq4   14 KB | 871 downloads
File Type: mq4 Demark_trend_alert_and_mail.mq4   16 KB | 797 downloads
"Exchange of hands"
  • #104
  • Aug 18, 2021 9:36am Aug 18, 2021 9:36am
Quoting EngineerFx
If you know what you are doing, you can find more rewarding uses of this method. {image}
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  • #105
  • Aug 18, 2021 9:45am Aug 18, 2021 9:45am
Quoting scherzi
{quote} {image}
yeah more like this if you want to follow it strictly there
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Trading should not be difficult
  • #106
  • Aug 18, 2021 10:50am Aug 18, 2021 10:50am
Quoting EngineerFx
{quote} yeah more like this if you want to follow it strictly there {image}

Ah, ok, you take your contracts from inside the range. It is safer, indeed. I like that logic.
  • #107
  • Aug 18, 2021 2:46pm Aug 18, 2021 2:46pm
I'm studying and practicing ICT's concepts. It's great to see how this trendline system works so well with other confluences. It can be a very precise confirmation for entry. Price shoot up at the FOMC meeting.
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  • #108
  • Aug 18, 2021 3:25pm Aug 18, 2021 3:25pm
Quoting EngineerFx
Eurgbp today based on method On M30 we returned to previous level but didn't pull the trigger immediately upon return because it was the second time visit. But given that level, I looked for a setup on M1 for an entry. {image} {image}
Hello EngineerFx,

Just to confirm. Do you draw the Trend and Horizontal Lines in M30 min and enter in M1?
Thank you for your generosity.
If I Change, the whole World changes!
  • #109
  • Aug 18, 2021 4:48pm Aug 18, 2021 4:48pm
Quoting 7Billions
I'm studying and practicing ICT's concepts. It's great to see how this trendline system works so well with other confluences. It can be a very precise confirmation for entry. Price shoot up at the FOMC meeting. {image}
Absolutely. ICT traders who can focus on return to TL break lines from compressed zones will make a killing
Trading should not be difficult
  • #110
  • Edited Aug 19, 2021 6:58am Aug 18, 2021 5:04pm | Edited Aug 19, 2021 6:58am
Quoting EngineerFx
This is a scalping opportunity on AUDCHF. Better to look into M1 for confirmation. Low risk anyway {image}
This trade calls for a review of the scalping opportunity.

So after call was made, we had price consolidating in a range below our level. Due to that consolidation one ought to be worried that price could go anywhere as we may have been having institutional buying within that consolidation. Still price gave about 2-3R for that setup before it hit another TL breakout level on the opposing side for longs.
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Trading should not be difficult
  • #111
  • Aug 18, 2021 5:58pm Aug 18, 2021 5:58pm
Hi Engineer,
Thanks for sharing this great method. More and more I hear about ICT. If you don't mind telling, are you a student of ICT or you learned yourself? Is there anything else here comes into picture, what I mean as past couple of weeks I have been watching tons of ICT videos, so there is something like higher time frame analysis and other stuff like market structure HH,LL etc (do you do any of those?) How do you take TP on these trades? watching price action and levels? Also drawing trend lines is pretty subjective (when do you consider it a trend line, what I mean how many touches you like to have? 2-3 at least?). In your example of AUD/CHF was pretty hard to spot that other trend line which it bounced of and start moving up. Thanks one more time for sharing, very kind of you. Green pips!
  • #112
  • Aug 18, 2021 6:22pm Aug 18, 2021 6:22pm
Quoting taksistalo
Hi Engineer, Thanks for sharing this great method. More and more I hear about ICT. If you don't mind telling, are you a student of ICT or you learned yourself? Is there anything else here comes into picture, what I mean as past couple of weeks I have been watching tons of ICT videos, so there is something like higher time frame analysis and other stuff like market structure HH,LL etc (do you do any of those?) How do you take TP on these trades? watching price action and levels? Also drawing trend lines is pretty subjective. In your example of AUD/CHF...
This is not an ICT method or thread. Knowing where stops and liquidity rest or areas of possible price fake-outs are central to any method. I am a supply and demand (orderflow) trader - pretty much most strategies are SnD strategies in different shapes and forms. This method is a SnD method, with a different style.

I did mention to follow the trend so the sequence of HH, LL etc and support and resistance comes in.

You must watch out for opposing TL break areas for your targets like I showed in the AUDCHF chart. Drawing TLs around compressed zones is not subjective. Ensure your TL connects the swings as much as possible with no swing crossing the TL. And watch out for internal TLs in compressed zones as well.

Ensure you take time to read all the posts and analyse the charts before asking any further questions.
Trading should not be difficult
  • #113
  • Aug 18, 2021 6:43pm Aug 18, 2021 6:43pm
Quoting EngineerFx
{quote} If you know how to pick normal supply and demand zones, you can use this method for confirmation entry. 7Billions' chart is a great example
Thanks for you advice. I will study on it.
  • #114
  • Aug 18, 2021 9:05pm Aug 18, 2021 9:05pm
gold h1 or h4 same, from yesterday breakout tl and hl ll also, it could be down further but it just my opinion
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Hope everyone gets green pips
  • #115
  • Aug 18, 2021 11:07pm Aug 18, 2021 11:07pm
Quoting bilal1947
{quote} no i was not, i never tried trend line all i know about it join two touches and it will be a trend line, i am sorry if anyone is offended.
After the effort you have put into your thread, no one should be offended. I just find this thread easier to follow and understand (no offence) lol. When I keep it simple trading still gets complicated.

Taking the view that 2 touches does not make a trend. Look for 3 or more without being too precise and maybe accepting open and closes as well as extremes. Really looking for a kind of sloping support or resistance line until price reaches supply or demand.

Take a look at 7Billions post no. 107 as a good example.
Good Trading
  • #116
  • Aug 19, 2021 3:37am Aug 19, 2021 3:37am
GOLD m15
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  • #117
  • Aug 19, 2021 3:44am Aug 19, 2021 3:44am
EURUSD countertrend trade at London open.
TP at OB Breaker, in line with 70.5% OTE.
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  • #118
  • Aug 19, 2021 5:36am Aug 19, 2021 5:36am
usdchf short

Am I right?
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  • #119
  • Aug 19, 2021 6:26am Aug 19, 2021 6:26am
Quoting bilal1947
{quote} no i was not, i never tried trend line all i know about it join two touches and it will be a trend line, i am sorry if anyone is offended.
No, I'm NOT offended at all. I just saw that you are a VERY experienced trader and "thought" you were just being sarcastic. Apparently, I was wrong. My apologies sir.
  • #120
  • Aug 19, 2021 6:39am Aug 19, 2021 6:39am
Quoting jaychecks
usdchf short Am I right? {image}
You need to zoom out to see bigger picture (check the trend/market structure and if we are in a difficult area) but as far as that chart is concerned we want price to break downward and we can look to sell upon return to the red line.
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Trading should not be difficult
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