Trendline breakouts | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please code "Parabol trendline" or "Curve trendline" for me 0 replies

Trendline, Trendline and Trendline 4 replies

Trading Breakouts in FX market, by Sam Shenker 5 replies

Confirming Trendline breaks, chart patterns and other breakouts. 2 replies

Breakouts 3 replies

Attachments: Trendline breakouts
Exit Attachments

Trendline breakouts

  • #121
  • Mar 22, 2010 12:43am Mar 22, 2010 12:43am
False breaks as the longer term chart is indecisive (25 min)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: scr20100322 eur2.gif Size: 15 KB
Click to Enlarge Name: scr20100322 eur3.gif Size: 18 KB
  • #122
  • Mar 22, 2010 1:59am Mar 22, 2010 1:59am
As the green candles mount up, eurusd rallies above the resistance trendline...
Attached Image (click to enlarge)
Click to Enlarge Name: scr20100322 eur4.gif Size: 14 KB
  • #123
  • Mar 22, 2010 2:09am Mar 22, 2010 2:09am
Before anyone asks, the green and white bars represent when momentum and inertia of the market in that timeframe are pointing in the same direction:

Momentum=MACD Histogram standard settings
Inertia=13 ema

This is Dr Elder's 'Impulse Momentum' system in his book, "Come into my trading room".
  • #124
  • Mar 22, 2010 2:13am Mar 22, 2010 2:13am
Quoting zykas
Ya , this is a nice work , emarco. keep it up
Thanks for the encouragement.

I was thinking might wrap up the thread here, make it short and sweet. One problem I found with some threads is they are very very long, not easy for new traders to read...
  • #125
  • Mar 22, 2010 11:14pm Mar 22, 2010 11:14pm
On EUR/USD 1H chart, the trendline has been breached, and now it's back to the breakout point. Will you take this one, emacro?

Attached Image
  • #126
  • Mar 23, 2010 12:41am Mar 23, 2010 12:41am
Hi Far East Man

Thanks for the heads up. I am ony just starting today to look at the charts.

I'd wait for the Macd histogram to hook up then can go long eurusd. By the time it hook up, momentum is in your favour (at least) and the level you enter might just end up being approx what you enter by catching the falling knife.

But if you want to enter on the retrace to the pullback level, it is still ok, as long the risk management stop you can stomach.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Mar. 23 15.36.gif Size: 15 KB
  • #127
  • Mar 23, 2010 2:30am Mar 23, 2010 2:30am
This candle might see the macd histogram hook up for the entry...
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Mar. 23 17.28.gif Size: 18 KB
  • #128
  • Mar 23, 2010 2:43am Mar 23, 2010 2:43am
Quoting emacro
Hi Far East Man

Thanks for the heads up. I am ony just starting today to look at the charts.

I'd wait for the Macd histogram to hook up then can go long eurusd. By the time it hook up, momentum is in your favour (at least) and the level you enter might just end up being approx what you enter by catching the falling knife.

But if you want to enter on the retrace to the pullback level, it is still ok, as long the risk management stop you can stomach.
Thank you for your reply, emacro! Yea, I tend to jump in. When it works it works without indicators. But nobody knows future. I just like to take it simple. Besides, I use a tiny experimental micro account risking only 2%. So there's nothing to worry about.

That said, I think your way of trading is good.
  • #129
  • Edited 11:26pm Mar 23, 2010 7:42am | Edited 11:26pm
Trading with the 60 min chart with the 5 min chart...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: scr20100323 eurusd.gif Size: 20 KB
Click to Enlarge Name: ScreenHunter_02 Mar. 24 14.24.gif Size: 18 KB
  • #130
  • Mar 23, 2010 8:53am Mar 23, 2010 8:53am
this kind of trading looks very difficult, but interesting. where do you get your informations from?
  • #131
  • Mar 23, 2010 11:23pm Mar 23, 2010 11:23pm
This is a 'harry hindsight' trendline....
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Mar. 24 13.45.gif Size: 16 KB
  • #132
  • Mar 23, 2010 11:34pm Mar 23, 2010 11:34pm
Quoting Holder
this kind of trading looks very difficult, but interesting. where do you get your informations from?
Yes, discretion and the trader plays a role.
  • #133
  • Mar 24, 2010 7:23am Mar 24, 2010 7:23am
5 min & 60 min of euro futures.... looked pretty dodgy as US equity session opened, now seeing nice break...
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Mar. 24 22.19.gif Size: 21 KB
Attached Image
  • #134
  • Mar 24, 2010 11:15pm Mar 24, 2010 11:15pm
Trendline breaks, retest, support/resistance are universal across markets. 5 m chart of the FKLI futures contract today...
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Mar. 25 14.12.gif Size: 19 KB
  • #135
  • Mar 24, 2010 11:37pm Mar 24, 2010 11:37pm
Eurusd shows divergence.... the most powerful signal in technical analysis on the 60 min. A good bet for longs.

The trendline breaks shown are the ones that catch you while you are not looking....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Mar. 25 14.33.gif Size: 13 KB
Click to Enlarge Name: ScreenHunter_05 Mar. 25 14.35.gif Size: 29 KB
  • #136
  • Mar 24, 2010 11:58pm Mar 24, 2010 11:58pm
5 min eurusd chart trendline break....
Attached Image (click to enlarge)
Click to Enlarge Name: scr20100325 eur.gif Size: 14 KB
  • #137
  • Mar 25, 2010 12:30am Mar 25, 2010 12:30am
Some follow through on 5 m eurusd after the trendline break...
Attached Image (click to enlarge)
Click to Enlarge Name: scr20100325 eur2.gif Size: 14 KB
  • #138
  • Mar 25, 2010 2:33am Mar 25, 2010 2:33am
A last post before I leave the office on the 5m eurusd...
Attached Image (click to enlarge)
Click to Enlarge Name: scr20100325 eur3.gif Size: 16 KB
  • #139
  • Mar 25, 2010 3:34am Mar 25, 2010 3:34am
Can you also trade this system using the 15min chart or is it more effective in the 60min chart?
  • #140
  • Mar 25, 2010 3:57am Mar 25, 2010 3:57am
Quoting Le Loup
Can you also trade this system using the 15min chart or is it more effective in the 60min chart?
It's just trendline breaks, support and resistance points being broken. I guess you can use 15 min as trigger, but 5 min is good to trigger the trade, once the 60 min shows heads up. For example, today the 60 min showed a divergence, which as Dr Alexander Elder describes, "The most powerful signal in technical analysis..."
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Mar. 25 18.54.gif Size: 19 KB
0 traders viewing now