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Simple Trendline Orderflow System

  • #501
  • Sep 28, 2021 12:47am Sep 28, 2021 12:47am
Quoting ravians
AU m30 at a nice level {image}
nice spot
  • #502
  • Sep 28, 2021 1:23am Sep 28, 2021 1:23am
Just entered eurusd at the black line. Had compression and also got the bearish pin bar on 30 mins.

One mistake at need to learn from though is audusd I had left in a trade overnight and although moved into profit it quickly moved back against me and made a loss.. Sometimes I enter too impulsively, that is when I need to be as objective as possible. As in reality I don't think audusd had such a good setup with the compressed zone.
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  • #503
  • Sep 28, 2021 5:09am Sep 28, 2021 5:09am
Quoting orbwarp
Just entered eurusd at the black line. Had compression and also got the bearish pin bar on 30 mins. One mistake at need to learn from though is audusd I had left in a trade overnight and although moved into profit it quickly moved back against me and made a loss.. Sometimes I enter too impulsively, that is when I need to be as objective as possible. As in reality I don't think audusd had such a good setup with the compressed zone. {image} {image}
The AU was a good setup. We always need to manage our expectations, however.
Trading should not be difficult
  • #504
  • Sep 28, 2021 7:11am Sep 28, 2021 7:11am
Quoting EngineerFx
{quote} The AU was a good setup. We always need to manage our expectations, however.
Thanks, yes that is true. I am v aware I have lot to learn with discipline of sticking to a strategy, also I used to stick to only at London or newyork times, and avoid others, that would have avoided my AU loss yesterday. Also it was second move to black line so maybe this was not a valid time to enter? Re. AU I assume you mean the first move up to the black line in my pic was good setup, or the move passed it that occurred today?
  • #505
  • Sep 28, 2021 8:25am Sep 28, 2021 8:25am
Quoting Patso
{quote} This may be helpful to the group as well. An excellent video on simple PA Trading with the trend, with optimal entries on trend line breaks. https://www.youtube.com/watch?v=T-HkyhZCLOw&t=2187s
good video, please check ur inbox sir, i wanna ask something
  • #506
  • Sep 28, 2021 9:35am Sep 28, 2021 9:35am
GU has reached a historic level of Jan 2021 and currently showing good signs of a possible pull back. I am long here with stop few pips below historic swing low.
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  • #507
  • Sep 28, 2021 9:55am Sep 28, 2021 9:55am
This looks like perfect setup if price moves back..
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  • #508
  • Sep 28, 2021 9:55am Sep 28, 2021 9:55am
Quoting ravians
GU has reached a historic level of Jan 2021 and currently showing good signs of a possible pull back. I am long here with stop few pips below historic swing low. {image} {image}
Sorry, but there are no "good signs" to be seen - this is what in times long gone by (when people still read books) was called a "falling sword". Despite the fact that I am all against bellicose metaphors I see the point in this saying.
It may work out for you - who knows - but if it does you were lucky, that's all.
  • #509
  • Sep 28, 2021 9:57am Sep 28, 2021 9:57am
Quoting ravians
GU has reached a historic level of Jan 2021 and currently showing good signs of a possible pull back. I am long here with stop few pips below historic swing low. {image} {image}
Can I suggest that you read post 489.
  • #510
  • Sep 28, 2021 10:00am Sep 28, 2021 10:00am
Quoting orbwarp
This looks like perfect setup if price moves back.. {image}
on H1 i found sell limit on 1.3677
  • #511
  • Sep 28, 2021 10:14am Sep 28, 2021 10:14am
Quoting Alien2021
{quote} Can I suggest that you read post 489.
Thanks Alien ..I have really learnt a lot from your charts. I have actually saved Engineer's charts and yours on my hard drive to go through again and again. Thank you for referring to post 489. I have read that again and it makes sense.

Now, I have backtested this thing on multiple pairs and saw fruitful results in certain situations. This one on GU right now is one of those. I am not trading here depending on luck. As we all know, not all trades end up profitable. This one might be that. But after a fall of almost 200 pips, I do expect a pull back from this level. Please keep sharing your thoughts and charts. Those are good, valuable and very educational. Thanks.
  • #512
  • Sep 28, 2021 10:16am Sep 28, 2021 10:16am
Quoting josi
{quote} Sorry, but there are no "good signs" to be seen - this is what in times long gone by (when people still read books) was called a "falling sword". Despite the fact that I am all against bellicose metaphors I see the point in this saying. It may work out for you - who knows - but if it does you were lucky, that's all.
Just a simple question to you here josi .. Would you sell here?
  • #513
  • Sep 28, 2021 10:23am Sep 28, 2021 10:23am
Quoting anilamil
{quote} on H1 i found sell limit on 1.3677
I've set an alert for 1.3673.. good strategy
  • #514
  • Sep 28, 2021 10:27am Sep 28, 2021 10:27am
Quoting ravians
{quote} Thanks Alien ..I have really learnt a lot from your charts. I have actually saved Engineer's charts and yours on my hard drive to go through again and again. Thank you for referring to post 489. I have read that again and it makes sense. Now, I have backtested this thing on multiple pairs and saw fruitful results in certain situations. This one on GU right now is one of those. I am not trading here depending on luck. As we all know, not all trades end up profitable. This one might be that. But after a fall of almost 200 pips, I do expect...
There might be a pullback after the strong drop but, if there is, it's going to be a slow and painful trade to be in and probably not the most efficient use of trading capital. Also very unlikely at this time of day to get a reversal of a major move. No-one seems that interested in using multiple timeframes for this strategy but, if you want higher R and higher win rate, it is the way to go. Less trades for sure but there's no point in taking losing trades just for the sake of it.
  • #515
  • Sep 28, 2021 10:42am Sep 28, 2021 10:42am
Quoting Alien2021
{quote} There might be a pullback after the strong drop but, if there is, it's going to be a slow and painful trade to be in and probably not the most efficient use of trading capital. Also very unlikely at this time of day to get a reversal of a major move. No-one seems that interested in using multiple timeframes for this strategy but, if you want higher R and higher win rate, it is the way to go. Less trades for sure but there's no point in taking losing trades just for the sake of it.
Thanks Alien .. what you said is absolutely correct. I completely agree on that. I am using M30 and sometimes M5. I have seen your past charts for MTF. Now that I have your attention a bit .. can I ask, what is the thinking process you go through when price reaches a level on say M30? Any knowledge sharing on this will be highly appreciated.
  • #516
  • Sep 28, 2021 10:55am Sep 28, 2021 10:55am
Quoting ravians
{quote} Thanks Alien .. what you said is absolutely correct. I completely agree on that. I am using M30 and sometimes M5. I have seen your past charts for MTF. Now that I have your attention a bit .. can I ask, what is the thinking process you go through when price reaches a level on say M30? Any knowledge sharing on this will be highly appreciated.
I might not understand you question but the process I go through after price hits an M30 level (for example) is to next find my M30 target. I then drop to a suitable LTF to look for confirmation PA and, if I see it, I enter, and let price move to my M30 target and close.
  • #517
  • Sep 28, 2021 11:10am Sep 28, 2021 11:10am
Quoting Alien2021
{quote} I might not understand you question but the process I go through after price hits an M30 level (for example) is to next find my M30 target. I then drop to a suitable LTF to look for confirmation PA and, if I see it, I enter, and let price move to my M30 target and close.
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  • #518
  • Sep 28, 2021 11:19am Sep 28, 2021 11:19am
Quoting Alien2021
{quote} {image}{image}
Perfect! For some reason, your these examples penetrated my head more than your previous MTF examples. Thank you very much Alien! Highly appreciated.
  • #519
  • Sep 28, 2021 11:30am Sep 28, 2021 11:30am
Quoting ravians
{quote} Perfect! For some reason, your these examples penetrated my head more than your previous MTF examples. Thank you very much Alien! Highly appreciated.
it's simple stuff if you can be bothered to remain patient. I and some friends are trading the above strategy on the majors using H4 to M5 as our HTF's and you should get enough trades per day to do very well.
  • #520
  • Sep 28, 2021 11:44am Sep 28, 2021 11:44am
Quoting Alien2021
{quote} it's simple stuff if you can be bothered to remain patient. I and some friends are trading the above strategy on the majors using H4 to M5 as our HTF's and you should get enough trades per day to do very well.
Of course .. right place to enter while waiting patiently is the key here. Trading just to be in a trade is ultimately disaster. I am still learning this strategy that Engineer introduced. I have understood (I think I did) what you told in above few posts. Now is the time to try it out.
Thank you so very much for your time, patience and help!
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