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Trendline Break (The Only System You Need)

  • #81
  • Apr 27, 2009 7:21am Apr 27, 2009 7:21am
Target reached.
Just another live example of how this simple strategy can make you pips each day. It did for me!
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  • #82
  • Apr 27, 2009 1:51pm Apr 27, 2009 1:51pm
A very good thread

Also I use the break of trendline for signals, but I use the closes to draw the TLs.
And I use also the CCI 34 with EMA a 13.

For orrizontal support & resistance I use the retracements of the yesterday's daycandle ( the indicator StudFibo found on this forum ).
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  • #83
  • Apr 27, 2009 4:39pm Apr 27, 2009 4:39pm
Quoting Atlast
Target reached.
Just another live example of how this simple strategy can make you pips each day. It did for me!
Atlast,
Thank you for appreciating the concept of "simple, but profitable". Good Job spotting those moves.
  • #84
  • Apr 27, 2009 4:41pm Apr 27, 2009 4:41pm
Quoting stark
A very good thread

Also I use the break of trendline for signals, but I use the closes to draw the TLs.
And I use also the CCI 34 with EMA a 13.

For orrizontal support & resistance I use the retracements of the yesterday's daycandle ( the indicator StudFibo found on this forum ).
Stark,
I like how you switched up the candles for a line chart. Very creative, yet interesting. You have to share you "Line Trendline" strategy as most of use do not know how to trade with a line chart, myslef included. Good Job. Happy Pip'in
  • #85
  • Edited 6:22pm Apr 27, 2009 5:35pm | Edited 6:22pm
Quoting Jhig
*** Revised *** Trendline Break System version 2.0

Overview
The revised Trendline Break System will utilize the Heikin Ashi Candlesticks; as opposed to the traditional Japanese Candlesticks.

You are no longer trading trendline breaks. You are no longer trading price action. HA is only a simple indicator and hides the real price action. If you want the HA direction and turns, all you need is a weighted 5 simple moving average and it will change direction exactly the same time HA does. This new technique is unproven, If what you were doing was working why on earth would you swap it for this?
BTC Return This Year: na
  • #86
  • Apr 28, 2009 3:55am Apr 28, 2009 3:55am
Quoting M.A.C.Doug
You are no longer trading trendline breaks. You are no longer trading price action. HA is only a simple indicator and hides the real price action. If you want the HA direction and turns, all you need is a weighted 5 simple moving average and it will change direction exactly the same time HA does. This new technique is unproven, If what you were doing was working why on earth would you swap it for this?
Was thinking the same thing. "HA is only a simple indicator" could be exactly why it may work better (operative word "simple"). Until proven though I'm sticking with the classic candlestick trendline breaks.
  • #87
  • May 3, 2009 7:11am May 3, 2009 7:11am
Any one else looking at this Euro/Jpy short?
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bull in a china shop
  • #88
  • May 3, 2009 10:37am May 3, 2009 10:37am
Mac,
Thanks for link to J16 for a very good reminder. Keeping things simple is easier on the eyes.
Implementing a trendline method with what is basic to what the big players look at can only enhance a positive out come.
No gaurantees, right, just a positive chance.
Tight SL appropiate for the TF traded and let your winners have a chance to run.
Good thread Jhig. I, also, like the 5m TF as well.
Cliff

Quoting M.A.C.Doug
You are no longer trading trendline breaks. You are no longer trading price action. HA is only a simple indicator and hides the real price action. If you want the HA direction and turns, all you need is a weighted 5 simple moving average and it will change direction exactly the same time HA does. This new technique is unproven, If what you were doing was working why on earth would you swap it for this?
I get exercise just pushing my luck
  • #89
  • May 3, 2009 4:44pm May 3, 2009 4:44pm
Quoting plasmapants
Any one else looking at this Euro/Jpy short?
Hey plasma,
Good looking chart! Price looks to be due for a retracement of some sort on that hourly chart. Thanks for the heads up!

Happy Pip'in
  • #90
  • May 3, 2009 4:55pm May 3, 2009 4:55pm
Quoting cce
Mac,
Thanks for link to J16 for a very good reminder. Keeping things simple is easier on the eyes.
Implementing a trendline method with what is basic to what the big players look at can only enhance a positive out come.
No gaurantees, right, just a positive chance.
Tight SL appropiate for the TF traded and let your winners have a chance to run.
Good thread Jhig. I, also, like the 5m TF as well.
Cliff
Thanks for the complement Cliff!
The key to a profitable style of trading, in my opinion, is keeping it simple. It seems a few of us on this thread are looking for the complicated and that is not what the trendline break system is about. Simplicity is key. Clean, clear, and organized will take a trader from broke to profitable. I see all to many threads asking, How to trade like the big boys? The trendline break system is one that most Institutional Traders implement with success, consistently. It's not rocket science and there isn't a long, overly extensive manual for this system. What this system offers is simplicity and profitability.
  • #91
  • May 16, 2009 9:33pm May 16, 2009 9:33pm
Hi Jhig ,


I just wanted to thank you for sharing your trading methodology . I agree completely that simplicity works . I have a book by Gerald Appel who is the inventor of MACD . He has a chapter about trendline breaks and states " If you can draw a straight line, you can make money ". The book was written in 1973 . Trendline break systems/methods have been around a long time which tells us they worked then and will continue to work now as you have shown us with your charts . The reason they continue to work is they are based on price action and not indicators .

Best of Trades ,

EZTrades
" Master Your Set-Up , Master Yourself "
  • #92
  • Aug 1, 2009 11:52pm Aug 1, 2009 11:52pm
bump
  • #93
  • Aug 3, 2009 2:20pm Aug 3, 2009 2:20pm
YES !!!

In fact that has been the only way I have been able to trade profitably and consistently and in any TF and in all the 12 pairs I watch

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #94
  • Aug 3, 2009 2:32pm Aug 3, 2009 2:32pm
Kos, any chance you posting a few charts of your most recent trades...

Danny
  • #95
  • Aug 4, 2009 7:29am Aug 4, 2009 7:29am
Bump. Anyone using this on the m5 timeframe with success? Is it best to watch just one pair or multiple pairs for opportunitys?

Any recent charts would be great.
  • #96
  • Aug 4, 2009 7:45am Aug 4, 2009 7:45am
Quoting WilteredFire
Bump. Anyone using this on the m5 timeframe with success? Is it best to watch just one pair or multiple pairs for opportunitys?

Any recent charts would be great.
Hi Wil

I am currently watching a few pairs on the 1h TF. Have a look at the GU, AJ and AU, draw some lines on the current trend and wait http://www.forexfactory.com/images/icons/icon10.gif

I am not trading this system at the moment, however I believe that using support resistance is probably the easiest and most profitable to trade for a newbie....and probably also for an oldie.

I, however wouldn't be game enough to trade this way on lower TF, only because I am terrible with short TF.
Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #97
  • Aug 13, 2009 12:54pm Aug 13, 2009 12:54pm
Jhig,

Simple is fine. Only thing I don't like about regular trendlines is they're not precise or warranted. Draw a trendline attached at top or base of candles tied into a significant event (news, a really big or tiny move, etc.), and you no longer have to deal with their freehand nature.
  • #98
  • Aug 13, 2009 1:31pm Aug 13, 2009 1:31pm
Quoting ha-pattern
Jhig,

Simple is fine. Only thing I don't like about regular trendlines is they're not precise or warranted. Draw a trendline attached at top or base of candles tied into a significant event (news, a really big or tiny move, etc.), and you no longer have to deal with their freehand nature.
Sometimes close enough is good enough.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #99
  • Aug 13, 2009 2:18pm Aug 13, 2009 2:18pm
Quoting stark
A very good thread

Also I use the break of trendline for signals, but I use the closes to draw the TLs.
And I use also the CCI 34 with EMA a 13.

For orrizontal support & resistance I use the retracements of the yesterday's daycandle ( the indicator StudFibo found on this forum ).

Nice set up, would you be so kind to share it with us? How do you aply your strategy.
P.D I also love 5 min tf
Kindest Regards
Indicators always obey Price, not the other way.
  • #100
  • Sep 3, 2009 9:32pm Sep 3, 2009 9:32pm
I too use this system. I have tried so many other systems, filled with indicators. I actually came up on this system on my own about 3 months ago. I started to draw lines on my chart and tried to analysis how PA bounced and broke through these lines. In the end, i had a successful system. I demoed it for about a month, made $. I then went live about 40 days ago and I'm making $ everyday. I am now a fulltime trader using Only trendlines, Fibonnacci, risk management, tight SL, lock in BE or small profit, and take profit with 1/2 of lot size once I am in profit. All these steps are necessary to win consistently

The reason why this thread is DEAD, is there is nothing more we need to Discuss, the creator of this thread, was Very precise and 100% correct.

Just follow the rules and stop second guessing youself. If you take a small loss, so what, this system is 70%+ successful for me.

I will post some chart setups, because I love this system. Enjoy.

Happy trading!
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