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Attachments: 1-2 Trendline Method
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1-2 Trendline Method

  • #21
  • May 18, 2008 1:09pm May 18, 2008 1:09pm
I use trendlines like you do in my trading, but my only rules are dictated from my instinct, it seems it is too hard to create rules with this kind of trading, you have to follow your instinct with the trendlines, try to buy low and sell high, so the risk/reward ratio could be good, and even if the winning% is less then 50 you can end in profit.
  • #22
  • May 18, 2008 7:47pm May 18, 2008 7:47pm
Thought I would give you my updated GJ D1 chart. I like the 1-2 method you shared with us here.

I placed a sell stop order just below the blue arrow on that TL at 204.00. This order has triggered and I hope to ride it down to 201.40, but will re-evaluate after tomorrow. 100 pip S/L

Attached Image (click to enlarge)
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"Keep your eyes on the helpers" - Mr. Rogers
  • #23
  • May 22, 2008 4:22am May 22, 2008 4:22am
I think that is one of the best system on Forex. Thx for cleared my mind.
  • #24
  • May 22, 2008 6:26am May 22, 2008 6:26am
cross pairs DON'T etablished themselves support/resistance trendlines
  • #25
  • May 22, 2008 7:26am May 22, 2008 7:26am
Guys, no offense, but imo you are making things too complicated. 1-2 or sometimes 1-2-3 (when should we look for 1-2-3 instead of 1-2?) creates a lot of tls which typically have (only) 2 very close touchpoints to price causing a lot of speculation. KISS is a good principle.

Sometimes it is fun to play with different future scenarios, but is that a bit too uncertain for trading decisions?

Here's my take on GJ.

R

Quoting damonl
Thought I would give you my updated GJ D1 chart. I like the 1-2 method you shared with us here.

I placed a sell stop order just below the blue arrow on that TL at 204.00. This order has triggered and I hope to ride it down to 201.40, but will re-evaluate after tomorrow. 100 pip S/L
Attached Image (click to enlarge)
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  • #26
  • May 28, 2008 5:29am May 28, 2008 5:29am
1-2-3 is form on daily chart... I think GJ is start to move down..
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  • #27
  • May 28, 2008 5:39am May 28, 2008 5:39am
Looking for 194-193 area...
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  • #28
  • Dec 14, 2008 8:07am Dec 14, 2008 8:07am
Leave this thread for very long time. Should make it alive again with new version of TL. Yeah... i will continue here
  • #29
  • Dec 14, 2008 8:30am Dec 14, 2008 8:30am
Start with EU... 5min
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  • #30
  • Dec 14, 2008 8:44am Dec 14, 2008 8:44am
Mr. Sabah,

Do you figure the price will break this major uptrend? If so whats your basis and how far do you suspect it will fall? I trade based purely on PA and TLs. I dont see the price falling any further than the 3345 area on the EU 5min. Whats your thoughts there. Do you have a long term outlook? Do you see the price breaching the 3408 high from Friday? Is your outlook from chart above long term or short term as I see you predict the price to fall? Just curious about your thoughts. How long have you been trading TLs and PA? Do you trade strictly the 5min charts?

FJ


Quoting Mr.Sabah
Start with EU... 5min
Attached Image (click to enlarge)
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Stacking pips since 2002
  • #31
  • Dec 14, 2008 9:22am Dec 14, 2008 9:22am
Quoting forexjedi
Mr. Sabah,

Do you figure the price will break this major uptrend? If so whats your basis and how far do you suspect it will fall? I trade based purely on PA and TLs. I dont see the price falling any further than the 3345 area on the EU 5min. Whats your thoughts there. Do you have a long term outlook? Do you see the price breaching the 3408 high from Friday? Is your outlook from chart above long term or short term as I see you predict the price to fall? Just curious about your thoughts. How long have you been trading TLs and PA? Do you trade strictly...
I trade oldschool TA only. Click on my signature. Cheers.
  • #32
  • Dec 14, 2008 4:48pm Dec 14, 2008 4:48pm
Quoting forexjedi
Mr. Sabah,

Do you figure the price will break this major uptrend? If so whats your basis and how far do you suspect it will fall? I trade based purely on PA and TLs. I dont see the price falling any further than the 3345 area on the EU 5min. Whats your thoughts there. Do you have a long term outlook? Do you see the price breaching the 3408 high from Friday? Is your outlook from chart above long term or short term as I see you predict the price to fall? Just curious about your thoughts. How long have you been trading TLs and PA? Do you trade strictly...
Here is my prediction for long term movement. I use the 4H chart. For short term i use the 5min chart. Ussually i wait to see what happen on monday to predict what will happen on tuesday and 5min chart is work for me.
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  • #33
  • Dec 14, 2008 4:58pm Dec 14, 2008 4:58pm
Quoting Mr.Sabah
Here is my prediction for long term movement. I use the 4H chart. For short term i use the 5min chart. Ussually i wait to see what happen on monday to predict what will happen on tuesday and 5min chart is work for me.
Have you ever seen a pro trader use any chart with so many lines? Predict is also a no-no word if you want to make cash
Measure twice, cut once
  • #34
  • Dec 14, 2008 5:01pm Dec 14, 2008 5:01pm
Here is GU 1H chart
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  • #35
  • Dec 14, 2008 5:06pm Dec 14, 2008 5:06pm
Quoting aediaz1
Have you ever seen a pro trader use any chart with so many lines? Predict is also a no-no word if you want to make cash
Hi aediaz1

I'm not pro. I'm here to share my opinion and like to discuss with everybody here who like to trade with TL
  • #36
  • Dec 14, 2008 5:15pm Dec 14, 2008 5:15pm
Quoting Mr.Sabah
Hi aediaz1

I'm not pro. I'm here to share my opinion and like to discuss with everybody here who like to trade with TL
I know Just be skeptical of everything you put on your chart. TL's aren't any magical tool, the more you add, more efficient will 'em get.
Measure twice, cut once
  • #37
  • Dec 15, 2008 10:28pm Dec 15, 2008 10:28pm
Right now still on long position with this pair..
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  • #38
  • Dec 16, 2008 3:15am Dec 16, 2008 3:15am
Whoa! Malay traders rule man especially when comes to trendlines...cool!...anyway, have you heard of mouteki?....if you have not i'll post you some notes on this system....
  • #39
  • Dec 16, 2008 3:43am Dec 16, 2008 3:43am
Quoting Mr.Sabah
Right now still on long position with this pair..
You have a good idea but sure needs tidying up.

Why dont u check out this thread 'A,B,C,D-1,2,3,4 system' by Dra.

I'm sure you'll be able to pick up more arsenals to fine tune your concept.

There's the need to draw proper TL, basically TL will connect 2 points and most times price will retrace when they hit TL, so thats not a wonderland discovery, but what matters a lot here are the ability to draw proper tl and being able to detect a good bounce off TL.

keep up your good work of sharing, i'm sure we'll get better in this trade by learning from one another.
God's Love For You Is Sure Never You Doubt It
  • #40
  • Dec 16, 2008 4:27am Dec 16, 2008 4:27am
Quoting Al-Q-DUH
Whoa! Malay traders rule man especially when comes to trendlines...cool!...anyway, have you heard of mouteki?....if you have not i'll post you some notes on this system....
Thanks man. Yeah.. i use that moteki system before but its not really suit for me. I found that manual insert trendline is more suitable for me for short term and long term. Now using my own TL rules..
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