Ready, SET, Go!

This is how the trend has evolved:



It gave us a perfect opportunity to enter in the green zone:

Moving on:



You can see how the counter trend evolved. Also the entry points for good TP to the green.

When the last thick white broke and its orange broke too that was the signal of a turn around.
Which left us with a FREE MONEY! Trend line:

Zooming out shows how this truly work:



And I know, you can say it had a HUGE up-run, but to me that does not matter for one reason, I know where the price will be. And I will look for indications to step in. I will break down every counter trend now to show you which gave away the turn around.

The first counter trend was a really close one:



The Next one gave as a 1:22 Stop:TP ratio, so it was a good call to risk the short:



However eventually we got stopped out: It really depends on what your risk and margin. But the way I trade is I am making money conversion in a 1:1 scale, so if my balance has 10.000K USD I turn around all that to EUR, so I always be having my money with kinda no risk. I mean at this point, I still know that the purple line will need to be reached, so possible I would be in a some sort of a "loss", but only if I would turn back my EUR to dollars as I would get less Dollars at this stage.

I can wait out till I get my money in plus, this gives me a hold on this investment as I can't use that money as long as I wait out. And of course if I would do a multiplier, like on most forex platform we can do. 1:30 would eat up an account fast, so it depends on your strategy, With this stop out, its a minimal loss compared to the win ratio, and you know that anywhere above the recent TOPs an even better entry for to reach the Free Money line.



The last one, had a great great chance to get the free money line, as we were 650Pips away... Like that is just WOW, and the trend was nicly set on multiple points. For me after 2 failed push, that is already a good trade I would risk with that stop, aaaaaand not to mention, that our stop can be the trend line, so as time goes by. Mid october our trend line was below our entry, so we could not end up in minus with that one. Getting to the pink line was a huge fall.

So from now on the only way is to touch the purple line, and we'll see it from there, likely we will get to a new low again, with a good ration.

Many thanks for your efforts and skills Tools, the system is really good, please stick around and share more

I think this system has great potential and I like the concept but it's very hard to follow with all the lines on your chart imo. You're also bouncing from idea to idea which makes it even harder to follow. The thread would probably be a bit more popular if your content was more digestible. My suggestion would be to number each line and zone in the picture and then refer to that number when you talk about it. I'd avoid going off on tangents and try to be precise as possible. I'd hate to see this thread die.

Is my analysis correct according to your explanation?

So If I understand you expect a short, which means your drawing is correct. If the price goes above the trend line you have good chances to reach the previous low so the levels are correct.

Here its also wise to see the big picture:



The gold has not tested back the trendline for a while now.

Last one to show today, is an example on ranges:



So this trading method gives us not just an entry but a whole range that gives us relative good chances and timing to look for a trade. If you draw the counter trends, it can even thighen the space for entries.

I normally as mentioned, trade with no multiplier. So for me there is no real "stop out" scenario as I swap 1:1 so I am always at my money. Just I can make more dollars by swapping at good times. So for me these zones are just perfect.

I will try to show some more precise break downs tomorrow.

For GU, are we looking for a long according to my magenta line?
or possibly the second image?

Thanks!

The short answer is a "yes" because we need to touch the trend line, however that fall can still ongo for a while and with it the trend line will head further down. The only thing we know for sure is that the trend line will need to be crossed at one day. In this example, I would say, since the trend line is pretty steep, it is more likely that we get a trend continuation and after that maybe a trend turn. This is very steep in my opinion but a major RED news might actually push it to the Point 2.

You will see, if the cross of the trend line pushes up close to the point 2, it is likely to be hit.

This is how far I could go back on the 5m chart on the EURUSD:



I tried to leave some on screen comments so you see how it evolved.

Now I want to show you the remains of this whole mess:

Without showing whats coming up:



I have removed the possible trades, and wanted to show with the thick purple line, what is our uptrend. As you see it is pretty, flat, so that is the "free money line" I would say as we got our TP at the top, we can already go for the shorts, and aim for that purple line. Literally anywhere above that is a good place the enter. But as I scroll further you will see how violent the chart was. So for those who work with multipliers and have like a 1:30 ration on their account, and does not want to loose money, they probably need to aim for more precise entries, Here is how to get there:



So whenever our counter trends have started, we had an absoliute gorgous space between our entries and our free money line. But most counters died out as their trend was broken and never formed a further low. Each break gaves us a more precise point of entry. as you can see the green boxes shrink and shrink and shrink, showing us how strong that entry became over time. And Also as you see it was a perfect entry at each new top, we had a huge fall, which can bring is money with a trailing stop. But if we measure how far are we to the bottom, using a 2 to win 1 to lose ratio, most of our trades would not stop out.

To be fair on these occasions I know how I manage my account, and I dived it to 5-10 pieces. So I would trade a 15% at first and 2nd trade, and turn over the rest I get new chances. Normally I don't draw the boxes, I just tried to visulize my entry zone in a free money line situation.

Technically any higher point, is a better entry.

BTC - Just had a good formation:




It has still more to go up. As it is more likely it goes higher then falls back to the orange marker.

I have also marked the proposed new trend line.

I decided, what if we follow through a single pair, on a single time frame for the rest of the week to see how it goes.

I have choosen the EURUSD, I think that is the mostly traded pair, and maybe you can compare our findings to yours:

So I will go down to the 5 minute chart.




I have left some comments, I will keep all thins on the chart as we progress and will see how it goes. Currently we are aiming for Trend line touch. Let's see how it unfolds.

I have added a screenshot of the H1 chart:


As you can see we have a HUGE! way upwards, and we have a new counter. We need the counter trend to be crossed, and get a confirmation that it is the true uptrend by not making a new low after its been crossed. So this confirms that the m5 chart will likely to happen according to our plan.

Update:

Just got a nice TP:



Also our markers are nearly met:

We need to wait and see if we are making a new low, here is the update on the H1:



Just created a channel using our trend line. That green rotated box shows the best areas to look for counter activity. Also I have a pending buy marker in place. As if that is triggered without making a new low, that is a good indication of a trend change. Let's give it some time.

Seems Like we are not making a new low yet, so I will wait for a new "high" to confirm the H1 counter trend,

So this is how the H1 Looks Like:



As you see the orange marker has not been breached. So to me it is a bit of a wait out to see if I the price get's back to the Sell zone marked on the 5m chart, and that should take the price down to the orange marker.

There again, a wait out game will come, to see if we make a new low, or we build a working counter trend.

As I think about it, I have just missed a good entry. XD



When the trend line got crossed, with a pretty small stop I could have entered, but let's just leave a marker now so we don't forget to look up each opportunity.

Seems Like we are about to get a validated new orange marker on our uptrend line:



Also we we are lucky, we will get into a good sell zone. I need to see the uptrend's orange marker to be crossed on the H1 before I can aim for long term bulls. That long I have mentioned in the previous post is closing to reach the trend line for closure.

Trend line, touched:

Getting close to our sell zone:

I still dont really understand, but this strategy is interesting to learn, I will read this thread again from post 1 - 15 , wish there is update what we miss, profit and loss on may - nov

and what do you think about nzdusd for now? because the higher trend is down, and already break the rebound line 1 and 2 . and I think the sell confirmation is when its break line 3 (after some consolidation)

update : line 3 break, I dont know if this will make nzdusd down for a big move or just small, or still going to make line 4 and 5 like early post (forgot the number)

Please post your chart for review. and the time frame

It's hard to understand at first, but the further you go, the clearer it becomes....keep it up and thank you. I've had a few trades since yesterday ..system has great potential..