EURUSD 1H

no trade the last signal

we'll sell at 1.45428 if price close down at 15 gtm + 1

nice trade at 16 gtm + 1

i opened at 16 and i closed with TP at 20 pips. sometimes i put TP

the next step must be follow the trendline that i show waiting for a down cross.
probably there will be other peaks and we must to repaint our trendlines following the price.

for me i finished the day. At night i'll see the chart and if there has been other trades i comment it.

here is the third trade of today with +7 pips opened at 21 and closed at 22

if anyone follows this thread at night it should sell at 3 gtm + 1 and close at 4 gtm + 1 with + 7 pips at the end of the hour or +20 pips if used TP

so, i guess you enter sell if it closes below the trendline? thats it....thanks morillo

hi socrates.

the chart that you show not is a valid trendline, don't use these trend to trade

this is the next setup

if at 13 gtm + 1 price close up of 1.45894 then we'll buy eurusd and we'll close at 14 gtm + 1
propably i put TP at +20 pips

closed with -6 pips

more important that have good pips is know to close loser trades without doubt and following your rules

if we see 15min chart we had this three entrys with a 10 pips on TP

today we must trade:

sell at 13 gtm + 1 closing at 14 with +3 pips
sell at 16 gtm + 1 closing in TP with +20 pips
now we're buy with a trade open at 17 gtm +1
i'll close at 18 gtm + 1 if there're not TP

closed at 18 with +10 pips

socrates, te he mandado un privado, no habia visto tu mensaje en el tablón de mi perfil, sorry

trade opened at 11 gtm + 1 and closed at 12 gtm + 1 with -10 pips

open trade at 13 and closed at TP with +20 pips

the last trade i opened at 16 gtm + 1 like you can see in picture and i'll close at 17 gtm + 1 if don't take TP at +20 pips

http://img132.imageshack.us/img132/6960/chartnv.jpg

closed at 17 gtm + 1 with +4 pips

Did you test your linear trading on higher timeframes? Any backtest results? thanks...

hi socrates.

no, i only trade in 1H timeframe. i don't know if this system works on higher timeframes but probably with the good TP works well.
i would try with a takeprofit of 120 pips for daily timeframes for example. i haven't tryed to trade in those timeframes

here is the current setup

if price close up of 1.47146 then we buy at 13 gtm + 1 with TP of +20 pips

probably the close of the current bar will be less than the open and we must repaint our trendline because we will have other new peak