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This is not rocket science; This is forex trading

  • #41
  • Oct 1, 2007 4:23pm Oct 1, 2007 4:23pm
Quoting StrangeGuy
Thank you all for the feedback. It is really good information. I will try to detail more information on how I trade the trend lines when I have a little time. However, they can be played mostly in the same money management style you are use too. Trendlines do break of course and that becomes another opportunity with fast hands.
10 pips per trade is an initial target. I will protect that as my own. Most times like today, I played that lower trend line bounce 4 times banking 10 pips min, it adds up.

StrangeGuy

hello strangeguy , can you tell me what account size you use for those trades? so as far as I understand you have $10 pip value which means one trade = 100.000 units but what is your account size? and what leverage do you use to trade that lot?

andrew
  • #42
  • Oct 1, 2007 5:07pm Oct 1, 2007 5:07pm
Hi StrangeGuy!

I saw your Charts, thanks for posting it. I saw a 1 Hr and a 15 min. Chart, where you draw the Trendlines, do you also trade on the 1 Hr and 15 min Chart, or do you trade on the 5 min. Chart like you wrote in your first post?

Regards Erkro
  • #43
  • Oct 1, 2007 6:58pm Oct 1, 2007 6:58pm
Nice work on starting this thread StrangeGuy! It really is as simple as you make it. In a similar light, the Cornflower system is working wonderfully for those who use it for the same reasons that the Trendlines work for you - the bounces are predictable and they work around 70-80% of the time. Take your profit at 10-20 pips unless there is a reason on the higher timeframes to make you think that it's worth the longer ride for greater pips. Never let a winner become a loser. Piece of cake.

and, StrangeGuy, never, ever, EVER let other people on any message board bully you to edit yourself. Your opinion has every right to be on this board in whatever form you wish to present it, and if they don't have the guts to take you on here in the public forum and instead have to hide like sissies in their PM's, well then they are just cowards at heart and don't deserve an ounce of your energy in response. my .02 + a pip or two
  • #44
  • Oct 1, 2007 7:55pm Oct 1, 2007 7:55pm
I agree with Repipula. Nice topic. No BS. Just the way he trades.
  • #45
  • Oct 1, 2007 8:13pm Oct 1, 2007 8:13pm
I think this is a good example of what StrangeGuy is saying. Break at the trendline. Look at price action after the trendline was confirmed at the third touch. That is bearish price action, and a break of the trendline could have been forecasted correctly. An easy 10 pips.
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  • #46
  • Oct 1, 2007 8:21pm Oct 1, 2007 8:21pm
Please forgive me but I don’t have a lot of time to reply so I will try to catch up some here.
Quoting Ryecatcher
if this is easy why do i excel at making it look so difficult...
Quoting Ryecatcher
and why do we involve ourselves in the reverse engineering of an onion when it comes to systems and indicators....if you catch my drift?????
Rye
Hi Ryecatcher, not sure how to answer this. Because we always want to create new things maybe.
StrangeGuy
  • #47
  • Oct 1, 2007 8:21pm Oct 1, 2007 8:21pm
Quoting opie999
He actually did have some charts posted but they're gone now. Wha' happened?!
Quoting opie999

Awesome thread btw, SG!
Post #1 sure is an attention grabber! LOL!
They are back now. And thank you. I did want to grab attention and forgive me if I offended anyone.
  • #48
  • Oct 1, 2007 8:23pm Oct 1, 2007 8:23pm
Quoting bebop
Hahaha....StrangeGuy....I love it. You speak the truth!!
Quoting bebop
Watch a market for a few years, draw a few lines, trade with the trend, take some cash quickly.

After a few years you will be in tune with the market. At least enough to where you can predict the next 10 pip move more often than not.

Its not rocket science, but it does take a few years in front of the computer watching each tick go by.

The quiet hours, 12PM to 12AM EST, are the best for me.

Oh yeah, EURUSD is best for this strategy IMO.
Thank you Bebop, I say this is easy because for me it is. But you’re right it still takes practice. Just because riding a bike is easy doesn’t mean you don’t get a few bruises and hopefully not run over by a car. It takes practice and learning all the different ways to play a trend line. For those of you that don’t know the different ways trend lines can be used search the net and I’m sure you will find a lot of information to point you in the right direction. If you want to be serious about trend lines then you must buy some books. The books are mostly for stocks but same basic principles apply.

StrangeGuy
  • #49
  • Oct 1, 2007 8:24pm Oct 1, 2007 8:24pm
Quoting forex99
Your post is the best I've seen in a long time. 10 pip trades will make a person very successful. Using Demark trend lines, support and resistence and 10 pips is easy. All people have to do is build up their accounts until they can use more "horsepower" i.e more lots when they can. Getting 10 pips several times in a morning is easy. When I reach my 10 pips, I exit and go play golf,etc. Everybody makes FOREX trading too complicated and most of the "gurus" who sell books is because they never made in the FOREX market. The 10 pip trades work in any pair. Like they say "there is always a bull market somewhere".

Thank you Forex99. You are right. That is exactly what I recommend. As your trading good and taking your money, increase your lot size. If you are playing poorly then decrease your lot size till you are trading well again. You have money in the bank and you are more confident of your lines. I have used the Demark trend lines indicator and found it is on the right track, just not there yet for me.
StrangeGuy
  • #50
  • Oct 1, 2007 8:25pm Oct 1, 2007 8:25pm
Quoting Phreddy
Hi SG, your headline grabbed me. I was sucked in!!
Quoting Phreddy
Draw trends - Yes agree! No indicators THEY ARE HISTORIC??? and trend lines are not???.

Excuse me being petty but choose your stance, please.

I'm going back to download the whole thread but I suggest that you have a read of Jacko.

Phreddy
Hi Phreddy, thank you. You’re excused. My stance is that with a trend line I can see a good vision of the future, range varies.

StrangeGuy
  • #51
  • Oct 1, 2007 8:27pm Oct 1, 2007 8:27pm
Quoting nomoretoxic
I understand some people here are simply at disbelieve with the simplicity of your strategy and your candid words

But I should say you're right on my friend

I discovered trend lines not too long ago and have mad a hug positive difference in my trading

Keep the good work!!

cheers
Hi NomoreTonic, thank you. Please feel free to share your experiences or tips. Love to hear from profitable traders of the strategy. You keep up the great work, good job!

StrangeGuy
  • #52
  • Oct 1, 2007 8:27pm Oct 1, 2007 8:27pm
Quoting Micro-MiniMe
There are many traders who have spent a great deal of time trying different indicators/sytems/methods and when you tell them that what they are doing is worthless and crap and BS, and the best way is your way...well what did you expect?
You have a great point here M-MM. I should have been prepared for that. I really appreciate your input.

StrangeGuy
  • #53
  • Oct 1, 2007 8:29pm Oct 1, 2007 8:29pm
Quoting fx_amateur
But sooner or later this will change and people relying on their trendlines with EUR/USD are gonna be wiped out.This will happen as soon as the USD will start showing strength for a while.
andrew
Hi Andrew, you have a valid point. People get accustom to one trend and don’t like to change or even accept that it is changing right in front of them. This is something that the trader(s) must work on. Me, I like to read the news and various technical and financial analysts and form my own opinion. If we are mixed then I play mixed. Trend lines don’t just go away they get broken or become invalid. Smaller timeframe trends are all around. Larger ones catch and facilitate bottoms and tops of a sideways market. You may not trade as often and extra caution is used in a sideways market. You’re more suited to play the break of trend lines as the dollar gets stronger. Hell, I like that even better!

StrangeGuy
  • #54
  • Oct 1, 2007 8:31pm Oct 1, 2007 8:31pm
Quoting melpheos
You are using mainly only one indicator and the main point and very important information of you thread is that one type of indicator should sufficient to trade the market. Some trade only on cross of two MA, some other trade only with RSI, other only with CCI...
Hi Melpheos, thank you for your response. Good point. I say you use whatever indicators work for you. If you want to enhance it, throw in some trend lines. You will be amazed at the accuracy sometimes. More often than not I am within 3 pips of extreme tops and bottoms. I’m not kidding; sometimes it blows me away that the market will not move at all until it touches that line then bam. Strange, like I think on the same page with big money or something.

StrangeGuy
  • #55
  • Oct 2, 2007 1:12pm Oct 2, 2007 1:12pm
Quoting StrangeGuy
OK. Back by popular demand. If you don’t like it go somewhere else.
These were completed before market open so things have changed a bit.

Overall trend on EUR/USD.

Attachment


Possible Projections (Example of high probability points)
Attachment
Strange Guy! Thanks a lot for posting this
  • #56
  • Oct 2, 2007 4:33pm Oct 2, 2007 4:33pm
Hey Strange Guy, thanks for the post, tell me what stop loss do you use? 10 pips is a small amount and a stop of 10 pips may easily be hit.
  • #57
  • Oct 2, 2007 4:39pm Oct 2, 2007 4:39pm
I could do this all day, but here's a set-up. When you take profits at 10 pips, and market looks like its going to continue in direction, its not like you can't make a new trade.
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  • #58
  • Oct 2, 2007 4:44pm Oct 2, 2007 4:44pm
bebop I cannot see the image thumbnail, could email me? PM me for contact.
  • #59
  • Oct 2, 2007 5:41pm Oct 2, 2007 5:41pm
I feel ill when I see indicators on a chart.
  • #60
  • Oct 2, 2007 6:15pm Oct 2, 2007 6:15pm
Quoting faure
I feel ill when I see indicators on a chart.

Do you scalp also?
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