Experimenting The Trendlines

Hey Guys,

I've been experimenting the GBPJPY 5 Min with using just the Trendlines.
So far, this is my result.

Before this I've burst up a lots of account ( DEMO )

And now i would like to share with you guys my know how.
I'm not good either, maybe you guys can make it more perfect with upgrading the way i use.

I'm thinking of how to use and set the right indicator.
Cause last time i use with indicators and end up bursting the account.(cause of the confusing from the trend indentify by the indicators )
Oh ya, i used Stochastic, DMI, MACD....and tried a lots and lots of indicators which shared from here.

Or maybe i don't know how to use the actual period ?

Thanks !
Mooov

hi moove
what is the indicator you use to draw the lines .? could you please shed more light on how you are trading these lines .
thanks

Normally i will look at the price action.
Look at the frustration of the price, how it move, then try to identify the direction of the price, if i'm not sure, then i won't trade.

As you can see the time i trade, almost anytime, once i identify the direction, then normally would be okay.

hi
what indi you are using to draw the lines and what is the best time frame ?
regards

Oh...
I'm drawing it manually...
and i'm using 5 min...
been experimenting for almost 1 month.
only i think that it's not perfect enough.
because my target liquid time is about 30min...
but as you can see from my result, sometime it take hours.

for me it's kind of risk.
but before i do the trade, i will check on the 30min 1 hr and 4 hr timeframe.
to confirm that the price frustration.

I only trade on GBPJPY, cause the of activeness of the pair.
and it's kind of easy to identify with trendline.

sometime i will draw again and again to catch the motion of the price.

No stop loss?

Depends on the frustration of the price.

but previously i set my tp 10 pips sl is 30 pips. actually i've tried to set my tp to 15-20pips. but its kind of too risky.if it change direction.

that's why normally once i identify the entry signal, i will take the shot.
10 pips always allow me to come out without worrying.'

but once the price out of my range. then i will identify other time frame to see if the price still possible back to my place. if yes, i wont take the loss.
so far, as you can see, this is da result i have.

i'm still learning and experimenting...hope to learn more form you guys.

Regards

my account balance

What do you look for? The trend or the countertrend.

Some might say that's not a good risk/reward but is does depend on the probability of success.

I would test things for another month or two; the market is bound to change its characteristics once again. It's already, in the space of a month, turned my swing strategy into a day trading exercise, which is not how I want to trade.

both.
to identify both of them with a right indicator at the right period setting.
so maybe we could take a better entry ?

still wondering... =]

yeah...
hope you could help to make it better...=]

before this once i see da price move over the trendline then i will take the trade..then end up burns up the account..
now, i wait for another 10-20 minutes before i actually take the trade to identify better the price action.

and i think maybe i've miss some kind of indicators on my charts.

i must admit my money management is bad as well.

Thanks ! =)