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40-60 rule, Trader using trendline secret method

  • #61
  • Mar 30, 2025 9:11pm Mar 30, 2025 9:11pm
Quoting jamesagnew
all these trades winners any questions just ask good luck {image}
study this and work on this.

this has been around since 2016.

you dont need anymore new systems, methods, etc..

focus on this method now that you have the price action channel ,

trade this method for the next 2 to 3 years and with strict DISCIPLINE you will be rich
Attached File(s)
File Type: pdf Tipster Trendlines - Trade from the Chart _ Forex Factory Page 1.pdf   1.1 MB | 1,099 downloads



BTW, it should be 60:40 ... which is the win rate 60% and 40% losers with Risk to Reward 1 to 3 for day trading.




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62
  • Mar 31, 2025 9:14am Mar 31, 2025 9:14am
.. this was the result from your chart you shared ...
I would not short in this situation ...

See red trendline versus green one ( i make it easy, green must be checked in smaller timeframe) ...

Attached Image (click to enlarge)
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Before concider using trendlines, be clear what is marekt doing and after that using trendlines can be done ... personal i do not need them anymore ...
Perfection is the enemy of good enough!
  • #63
  • Mar 31, 2025 2:02pm Mar 31, 2025 2:02pm
The idea is a good one. However, I have a question forjamesagnew.
The purpose of the zig zag indicator is not clear to me. That's because the zig zag indicator is lagging, and it cannot tell when market will reverse. In the context of this system, how can you draw a trendline if the zigzag hasn't changed direction? It is easy to show the strategy on historical chart where zigzag has already been drawn.

Any explanation would be greatly appreciated.

Thanks
Claud Lepathy
US30 Strategy B All Time Return: 19.1%
  • #64
  • Mar 31, 2025 4:02pm Mar 31, 2025 4:02pm
Would this be a correct way to draw the lines? Or maybe connect the green line to the low at around 3116.50?
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I believe so I exist
  • #65
  • Apr 1, 2025 9:53am Apr 1, 2025 9:53am
Quoting ClaudLepathy
The idea is a good one. However, I have a question forjamesagnew. The purpose of the zig zag indicator is not clear to me. That's because the zig zag indicator is lagging, and it cannot tell when market will reverse. In the context of this system, how can you draw a trendline if the zigzag hasn't changed direction? It is easy to show the strategy on historical chart where zigzag has already been drawn. Any explanation would be greatly appreciated. Thanks
My post 50 explains the concept quite clearly in graphical form.
The rest of the detail is contained equally clearly in the instructions from JA which are not difficult to understand.
Regarding the zigzag that JA refers to, it shows the swings in pips, and according to his rules, anything over 100 becomes valid, and from which the trendine construction can easily be made.

Whats so difficult to understand!
  • #66
  • Edited 10:44am Apr 1, 2025 10:24am | Edited 10:44am
The swing points on his chart repaint, and once price finally moves away from the last repainted "swing point" it will look like the system performed incredibly well. The problem is on a live chart when price continues to move up and up and the swing points constantly changes, and you're trying to base your entry of a relocating point.

Then you to factor in the "projected 10 candle" functionality and now you're really looking at arbitrary and subjective conditions.

This system is hopeless in my opinion.
  • #67
  • Apr 1, 2025 10:39am Apr 1, 2025 10:39am
Quoting MachineLearn
The swing points on his chart repaint, and once price finally moves away from the last repainted "swing point" it will look like the system performed incredly well. The problem is on a live chart when price continues to move up and up and the swing points constantly changes, and you're trying to base your entry of a relocating point. Then you to factor in the "projected 10 candle" functionality and now you're really looking at arbitrary and subjective conditions. This system is hopeless in my opinion.
Im not disputing whether his system is good or bad, I have clarified for those that don’t understand the concept that is all.
I do not use this approach personally, but I’ve seen far far worse!
Concerning your point that swing points potentially change, yes of course they do, nothing is set in stone, if it were we’d all know exactly what to do and when, in other words every system suffers from the same problem, and this one has the same problem as any other.
  • #68
  • Apr 1, 2025 10:52am Apr 1, 2025 10:52am
Quoting Landline
{quote} Im not disputing whether his system is good or bad, I have clarified for those that don’t understand the concept that is all. I do not use this approach personally, but I’ve seen far far worse! Concerning your point that swing points potentially change, yes of course they do, nothing is set in stone, if it were we’d all know exactly what to do and when, in other words every system suffers from the same problem, and this one has the same problem as any other.
Respectfully, I wasnt talking to you, but since you think I was I will address your point.

There's actually plenty of things set in stone. There's alot of elements displayed on a chart that do not change once printed, unlike his "Swing Point" indicator. For example, a particular level that's been tested 3 times, no matter what happens in the market in the future, this will never change, and therefore, traders can come to a logical assessment based off this information. How about pure price action, once a candlestick has been printed, is that forever changing? Quite frankly your argument makes no sense. No one is disputing that we don't know what will happen in the market next, im disputing that basing your entry logic on an indicator that can change from bar to bar is actually hilarious. Do not feel personally attacked when people criticize a system ESPECIALLY if it isn't even yours. Relax brother.
  • #69
  • Apr 1, 2025 10:53am Apr 1, 2025 10:53am
I made a few trades in the demo today and it works well as described by JA.
Best if it works together with FVG or Oderblock, that means if the TP is close to FVG or orderblock level

not to forget the time of day or whether a liquidity run is underway - like now
Mucky
  • #70
  • Apr 1, 2025 11:03am Apr 1, 2025 11:03am
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blue box is FGV area

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... also Gold H4 is good :-)

based on my interpretation

Mucky
  • #71
  • Apr 1, 2025 11:06am Apr 1, 2025 11:06am
Quoting MachineLearn
{quote} Respectfully, I wasnt talking to you, but since you think I was I will address your point. There's actually plenty of things set in stone. There's alot of elements displayed on a chart that do not change once printed, unlike his "Swing Point" indicator. For example, a particular level that's been tested 3 times, no matter what happens in the market in the future, this will never change, and therefore, traders can come to a logical assessment based off this information. How about pure price action, once a candlestick has been printed, is...
Seems to me that you haven’t quite grasped the fact that I’ve merely clarified his approach because most others were struggling to get it.
I guess you’re one of those argumentative types who knows it all, but also suffers comprehension difficulties judging by your last post….not to worry, live your life in your bubble and you’ll be fine.
  • #72
  • Apr 1, 2025 11:09am Apr 1, 2025 11:09am
Quoting Landline
{quote} Seems to me that you haven’t quite grasped the fact that I’ve merely clarified his approach because most others were struggling to get it. I guess you’re one of those argumentative types who knows it all, but also suffers comprehension difficulties judging by your last post….not to worry, live your life in your bubble and you’ll be fine.
  • #73
  • Apr 1, 2025 11:12am Apr 1, 2025 11:12am
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based on my broker 3105.22 is the possible goal - so more than 100 points / pips

Mucky
  • #74
  • Apr 1, 2025 11:27am Apr 1, 2025 11:27am
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Gold 5m real time - let's see
  • #75
  • Edited 12:10pm Apr 1, 2025 11:32am | Edited 12:10pm
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entry line moved one bar - into FVG area and orderblock - so I would expect some retrace down if it hits there

edit: 18:40 Buy @3109.67 TP @3115.67 on its way
TP is halfway to the next FVG and orderblock - so good conditions
edit: 19:08 still absorbing liquidity (FVG/Orderblock) on its way up, but needs to go down to 3103 area first
  • #76
  • Apr 1, 2025 11:47am Apr 1, 2025 11:47am
Guys, has anyone actually backtested this system, to determine objectively whether or not it has an edge?
Victoria Chenevix
  • #77
  • Apr 1, 2025 1:11pm Apr 1, 2025 1:11pm
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TP @3115.67 hit - but 3103 area not touched yet - so there is a vaild reason for price to visit this later
As a result validated this approach in real time

I don't want to disturb you here any longer :-)

Mucky
  • #78
  • Apr 2, 2025 11:13am Apr 2, 2025 11:13am
Quoting jamesagnew
the entry is after a minimum of 100 pips swing then trade opposite direction , if the swing previous is only 40 or 70 pips for example then no reversal trade easy
Ok but on which timeframe? H1?
How many pips if I work on M5?
  • #79
  • Apr 2, 2025 12:51pm Apr 2, 2025 12:51pm
Quoting Mucky
{image} TP @3115.67 hit - but 3103 area not touched yet - so there is a vaild reason for price to visit this later As a result validated this approach in real time I don't want to disturb you here any longer :-) Mucky
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Today I did a view smal live trades
Gold M5

Mucky
  • #80
  • Apr 22, 2025 9:31am Apr 22, 2025 9:31am
These were the 2 trades I was able to catch today. Both wins.
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I believe so I exist
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