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Simple Trendline Orderflow System

  • #161
  • Aug 20, 2021 4:04am Aug 20, 2021 4:04am
Hi guys, I am also a snd trader but not pure adopt this sytem, I adopt the breakout tl as the horizontal line will be a good place for support and resistant but I use snd zones too for entries, especially the nested or heavy snd zones so enter can be happen if still in zones. Compression is a form of small swing and price is in discount, usually candle with tail will be a sign, I marked in red rectangle or in uptrend / downtrend structure it will be hh hl lh ll, and drag a tl to know when the breakout happen, in my chart it happen in blue rectangle, usually it always give a decent reward R:R or small risk by trading near its horizontal line.
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Hope everyone gets green pips
  • #162
  • Aug 20, 2021 4:05am Aug 20, 2021 4:05am
Visual add more info. Where is your TE to show it's working

Just my take. don't be angry
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #163
  • Aug 20, 2021 4:08am Aug 20, 2021 4:08am
Quoting EngineerFx
{quote} Here, trading the retest is so easy {image}
Its easy but not profitable in long term. I traded this strategy on H4 some months then blow acc.I know...
  • #164
  • Aug 20, 2021 4:40am Aug 20, 2021 4:40am
Any whiff of negativity, poster will be blocked. Constructive criticisms are welcome BTW.

If you are old enough to trade forex, you are certainly old enough to make a judgement on whether you should adopt this method.

IF YOU HAVE ANY DOUBTS, PLEASE DO NOT TRADE THIS METHOD.
Trading should not be difficult
  • #165
  • Aug 20, 2021 5:01am Aug 20, 2021 5:01am
Quoting ficibald
{quote} Its easy but not profitable in long term. I traded this strategy on H4 some months then blow acc.I know...
If you still blowing accounts whilst on a higher timeframe like H4 which offers lesser trades aswell on a strategy with high r:r then you should invest your time and focus on risk management first.
"Cut your loses short and let the winners Run"
  • #166
  • Edited 5:30am Aug 20, 2021 5:12am | Edited 5:30am
I let this image of yesterday's activiy.

It is all I did and most of it can be framed within this thread. I was seeing descending GU yesterday, so I got a bit confused when the pricing systems opened USA at the bottom, offering ascending opportunities. But then, it finally started to go down and I felt more relaxed. There are a few microtrades that are out of topic, but the majority fit within the thread.

m1 perspective
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m5
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Maybe the last short is not that obvious. See.
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There is more context than just a TL break, but the relevant idea is that TLs are there as described on this thread.

I love when people say that Technical Analysis is an illusion lol.

With this post I think that my contribution to this thread is completed, at least for now. Otherwise it would be repetitive what I write.

Thank you a lot, EngineerFX, for sharing your knowledge with the public. I like trying to support genuine threads like yours.
  • #167
  • Aug 20, 2021 5:36am Aug 20, 2021 5:36am
so my 1st test, i drew my trend line on m15 and dropped down to m5 to draw my supply zone which was missed
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this is my m5 before pic whilst i was waiting for it to hit my zone
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and this is my after pic after realising it missed my supply zone because it hit the breaker block the one i circled and drew the dotted zone which i forgot to pay attention to.
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it might still come back for the supply zone but we'll let this one pass.

hope this helps someone.
"Cut your loses short and let the winners Run"
  • #168
  • Aug 20, 2021 5:56am Aug 20, 2021 5:56am
Good thread here EngineerFx. Just an example of a failed set-up. Two entries after that at the box.


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Looking for profitable short term trades ...|
  • #169
  • Aug 20, 2021 5:59am Aug 20, 2021 5:59am
Quoting meck1
so my 1st test, i drew my trend line on m15 and dropped down to m5 to draw my supply zone which was missed {image} this is my m5 before pic whilst i was waiting for it to hit my zone {image} and this is my after pic after realising it missed my supply zone because it hit the breaker block the one i circled and drew the dotted zone which i forgot to pay attention to. {image} {image} it might still come back for the supply zone but we'll let this one pass. hope this helps someone.
Before you take any trade, try to identify the opposing TL break line or zone and mark as TP1. Then you decide if the trade is worth taking. In this case, it wasn't.
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Trading should not be difficult
  • #170
  • Aug 20, 2021 6:02am Aug 20, 2021 6:02am
Quoting Js3mwtRc
Good thread here EngineerFx. Just an example of a failed set-up. Two entries after that at the box. {image}
EU on 15mins TF is in a clear downtrend so the initial buy was a risky one. But that level being a swap level was useful in the future and provided confluence for the sell trade.
Trading should not be difficult
  • #171
  • Aug 20, 2021 6:27am Aug 20, 2021 6:27am
Quoting EngineerFx
{quote} Before you take any trade, try to identify the opposing TL break line or zone and mark as TP1. Then you decide if the trade is worth taking. In this case, it wasn't. {image}
That's a good way to spot targets, noted
"Cut your loses short and let the winners Run"
  • #172
  • Aug 20, 2021 6:50am Aug 20, 2021 6:50am
Quoting EngineerFx
{quote} EU on 15mins TF is in a clear downtrend so the initial buy was a risky one. But that level being a swap level was useful in the future and provided confluence for the sell trade.
That is one of the reason of why I posted this, because of the downtrend in the bigger timeframes, but the first reason was the flip. Many trades could result in a loss, so this is a quick way to take your money back. Also its only an example.
Looking for profitable short term trades ...|
  • #173
  • Aug 20, 2021 7:05am Aug 20, 2021 7:05am
Quoting Js3mwtRc
{quote} That is one of the reason of why I posted this, because of the downtrend in the bigger timeframes, but the first reason was the flip. Many trades could result in a loss, so this is a quick way to take your money back. Also its only an example.
Yes, we can learn from failed trades too
Trading should not be difficult
  • #174
  • Aug 20, 2021 7:18am Aug 20, 2021 7:18am
Quoting EngineerFx
{quote} Yes, we can learn from failed trades too
Right! Also we don't have to trade failed set-ups (I mean opposite a trend) we just have to wait to fail and then trade with smaller risk than the reward.
Looking for profitable short term trades ...|
  • #175
  • Aug 20, 2021 7:19am Aug 20, 2021 7:19am
Quoting EngineerFx
{quote} I'd have expected that you would have read the thread to understand what we are talking about. This thread is in its infancy so there is not much volume so it should be an easy read. Anyway, this is important: We are not trading trendline-break-and-retest. We are looking for areas on chart where price is compressed in a sort of a sloping range, which the trendline makes it easy for identification and framing. The problem with the popular trend-line-break-and-retest strategy is that your TL may keep changing as price evolves or to put it...
Thank you bro
  • #176
  • Aug 20, 2021 8:14am Aug 20, 2021 8:14am
EngineerFx
very simple

1:3
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  • #177
  • Aug 20, 2021 8:38am Aug 20, 2021 8:38am
This morning had some first loses. However, could be avoided and I was suspecting them.

AUD/USD 5 min I though to exit at number 1 as consolidation was taking place and we had huge rally down, so was expecting retracement to start. Same story on EUR/AUD and NZD/USD. Became little greedy and didn't exit 3 of those at 1R, but really wanted to(also was driving at the time of that). So lesson learned here. These loses were small due to good risk reward on these trades, thinking to put brake even on riskier trades when 1R is achieved. However, my bitcoin trade went well.

So the lesson learned one more time. When I'm playing on bar replay this strategy that's when I get caught on the wrong side. But I love RR in this strategy.

Bitcoin 5 min
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AUD/USD 5 min
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EUR/AUD 5 min
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NZD/USD 5 min

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  • #178
  • Aug 20, 2021 9:23am Aug 20, 2021 9:23am
Is this a good set up?
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  • #179
  • Aug 20, 2021 9:25am Aug 20, 2021 9:25am
Quoting taksistalo
This morning had some first loses. However, could be avoided and I was suspecting them. AUD/USD 5 min I though to exit at number 1 as consolidation was taking place and we had huge rally down, so was expecting retracement to start. Same story on EUR/AUD and NZD/USD. Became little greedy and didn't exit 3 of those at 1R, but really wanted to(also was driving at the time of that). So lesson learned here. These loses were small due to good risk reward on these trades, thinking to put brake even on riskier trades when 1R is achieved. However, my bitcoin...
You must read what is happening to price. Always draw opposing trendlines and watch out for the breakout line as the first target. Ideally we should trade setups with a decent first target. In the same way you find your setup, find your next target. Same story on NU and perhaps EA in your post.
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Trading should not be difficult
  • #180
  • Edited 10:04am Aug 20, 2021 9:34am | Edited 10:04am
Quoting EngineerFx
{quote} You must read what is happening to price. Always draw opposing trendlines and watch out for the breakout line as the first target. In the same way you find your setup, find your next target. Same story on NU and perhaps EA in your post. {image}
Thanks Engineer, that looks perfect and I would definitely closed there if I saw that other brake there. Just took a trade on GPB/USD, exit on what you just sad. Funny I marked my zone and took a look at FF and saw your reply =))) Gave my trade 1:3RR win. Almost covered all 3 loses this morning. I see other pairs did the same set up but I was late on entry so passed on them.

Also I notice what you sad before. These levels respected all the time. You look back or you wait for future price movements. That alone gives you an edge and plus when you put your level you can glance and see how good the level you picked. With GBP/USD I saw strong rejections from that level, gave my trade additional confidence.

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This is what I missed when GBP/USD did what it did, so beautiful. Spread draw down on those entries
AUD/USD
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NZD/USD
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