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Triangle Trading -Qs

  • #41
  • Oct 8, 2007 9:24pm Oct 8, 2007 9:24pm
Quoting kelab4x
Hi all...

Here is my attempt on GPBJPY using 5 min chart... I went short a little late...

http://img401.imageshack.us/img401/772/gj5minsf2.gif

never thought you could do it on 5min charts till now and on gbp/jpy to boot ! kudos............

gbp/jpy......sigh........somehow whenever i try this pair i always trade myself into the Bermuda Triangle.......
  • #42
  • Oct 8, 2007 9:29pm Oct 8, 2007 9:29pm
so it's best to only trade the breakout in the :

1) prior trend ?

2) daily, 4hr, 1hr show the same trend ?

3) to be safe, which is the lowest timeframe i should look at for a better confirmation of breakout ? is 1hr enough or too long or short a timeframe?

4) any indicator that can help confirm the breakout ?

many thanks in advance.
  • #43
  • Oct 9, 2007 7:37pm Oct 9, 2007 7:37pm
Hi QuickSilver, thanks for sharing your knowledge here! I'm having trouble deciding exactly where to start drawing my trendlines to form the points A and B. Often it seems that any number of trend lines could be drawn, such as in your first post regarding the top trendline....

Also, where do you calculate the 2nd profit target from? the trendline breakout point or starting from the first profit target (horizontal line)?

Do you ever look at ascending and descending triangles or just symmertrical ones?
  • #44
  • Oct 9, 2007 9:37pm Oct 9, 2007 9:37pm
Quoting Trumpcard
Hi QuickSilver, thanks for sharing your knowledge here! I'm having trouble deciding exactly where to start drawing my trendlines to form the points A and B. Often it seems that any number of trend lines could be drawn, such as in your first post regarding the top trendline....
follow up chart
Attached Image (click to enlarge)
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  • #45
  • Nov 11, 2007 5:27am Nov 11, 2007 5:27am
Quicksilver,

long time no see and chat, where are you..........?

too busy counting money ?

the videos at hectortrader.com is very good at explaining breakouts from triangles too.

hector's style is to wait for the price to retrace and test the broken trendline and then resume in direction of break before entering. entry is the low or high of the breakout candle's close.
  • #46
  • Nov 17, 2007 11:52am Nov 17, 2007 11:52am
Quoting Trumpcard
Hi QuickSilver, thanks for sharing your knowledge here! I'm having trouble deciding exactly where to start drawing my trendlines to form the points A and B. Often it seems that any number of trend lines could be drawn, such as in your first post regarding the top trendline....

Also, where do you calculate the 2nd profit target from? the trendline breakout point or starting from the first profit target (horizontal line)?

Do you ever look at ascending and descending triangles or just symmertrical ones?
First...................Quicksilver, I have been using this technique successfully since you started this thread. Thanks!

Trumpcard, I have been 'looking' back on the chart I use to the oldest high and oldest low that can be used to draw a triangle. Price prior to those two points would fall inside the widest part of the drawn triangle.
Attached Image (click to enlarge)
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  • #47
  • Nov 19, 2007 7:38am Nov 19, 2007 7:38am
very good to see this thread coming back to a little life.

hope to see more positive contributions like yours.
  • #48
  • Dec 10, 2007 9:13am Dec 10, 2007 9:13am
I found this daily newsletter that covers monthly, weekly ,daily and 8 hour triangles setups forming on:
» Forex:
EUR/USD GBP/USD USD/CHF USD/JPY EUR/GBP EUR/JPY GBP/JPY
USD/CAD AUD/USD NZD/USD
» Indices:
E-Mini S&P 500, E-Mini Nasdaq 100, E-Mini Russell 2000 Dow Jones Industrial Average (Cash) US Dollar Index

» Metals & Oil
Spot Gold, Crude Oil Futures

http://lrathi.trendlines.hop.clickbank.net

Hope this helps with your trading.
  • #49
  • Dec 13, 2007 12:16am Dec 13, 2007 12:16am
Something to consider, a rising wedge in a down trend....

http://www.investopedia.com/universi...ts/charts7.asp


A
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  • #50
  • Dec 13, 2007 6:11am Dec 13, 2007 6:11am
sigh.......i notice that too.......please don't tell me it's going down........i don't wanna hear it........
  • #51
  • Dec 14, 2007 11:29pm Dec 14, 2007 11:29pm
Hi guys,
i have been studying Daryl Guppys tutorials on triangles applied n the stock market.
The stock market success ratio is around 75% of winners hitting target 1
What would those of you who have been using this extensively in Forex estimate it is for Forex ???
Cheers
Nick S
  • #52
  • Aug 22, 2008 8:50am Aug 22, 2008 8:50am
This thread is dead for long time!
Lets us start discussion for triangle trading.

Attached my trade based on monthly chart.
Attached Image (click to enlarge)
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"Invest With The Insiders, Not The Masses" George Muzea
  • #53
  • Sep 3, 2008 1:36pm Sep 3, 2008 1:36pm
thanks for sharing your tryangle strategy.
YOUR PROYECTED TAKEPROFIT TARGET GBP-USD IS CLOSE TO GET HIT.

GREAT STRATEGY.

PLEASE KEP POSTING MORE CHARTS
  • #54
  • Sep 3, 2008 3:58pm Sep 3, 2008 3:58pm
Bonjour à tous

I use this trading system and the results are very good but this strategy required many experience.

I personnally use it on small time frame, less profit but less risk too in term of Stoploss.

Another form below called in French "un biseau d'élargissement ascendant".
Sorry but I do not know translated it in English.
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  • #55
  • Feb 14, 2010 4:37pm Feb 14, 2010 4:37pm
Quoting Qu|cksilver
This thread is dead for long time!
Lets us start discussion for triangle trading.

Attached my trade based on monthly chart.

That was perfect call. The monthly triangle worked. Why is this thread dead?? Its a very very simple and good system.
  • #56
  • Feb 14, 2010 5:33pm Feb 14, 2010 5:33pm
Looks like OP is rich from the monthly GBP/USD and he is busy with his new Mercedes ,so lets keep the ball rolling

USD/JPY Daily Chart

http://i48.tinypic.com/348kgn5.gif

Should see the break in 2-3 days.
  • #57
  • Feb 14, 2010 6:09pm Feb 14, 2010 6:09pm
5 minutes Eur/Usd breakout!! BTW this is a risky trade because its against weekly and monthly trend. Not recommended. TP profit at highest resistance 18 pips ,SL and lowest support 17 pips.


http://i49.tinypic.com/2iw7w5w.jpg
  • #58
  • Feb 16, 2010 10:50pm Feb 16, 2010 10:50pm
This is a great system. BrB good call on your usdjpy... Hope he is enjoying his benz. Me next
  • #59
  • Feb 18, 2010 2:58pm Feb 18, 2010 2:58pm
Quoting Antny
This is a great system. BrB good call on your usdjpy... Hope he is enjoying his benz. Me next

http://i46.tinypic.com/fw57k6.jpg

+109 pips
Your welcome brah ,haven't closed yet
  • #60
  • Feb 18, 2010 3:19pm Feb 18, 2010 3:19pm
zombie thread


I like breakouts. This looks good eyeballing past moves. I get a EURUSD 2nd target of 1.33 from recent downward move. Anyway else calling targets?
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