Just started in the trading day for fx. 60 min eurusd shows a trendline break. With the 12 min chart broke out of a resistance trendline, we are looking for pullback to or near that trendline to get long.
Hello Emacro this is good strategy i thinked to test it but can you tell us win loss ratio with this system on what timeframe and what's the profits that can be realised ... couse i think it's good way to make some pips
what's the average pips and the % that this method is correct in 100 trades ..
@emrco...good job.is there always a pull back after a TL breakout??do u ve an what moving average do you have on your chart and what does it do??cant pm you here cos i am a junior member any alternative?..thanks for the support
Hi, this method looks GREAT on backtest. Will demo trade with it soon.
Ignored
Remember it's more grey than black or white, as it is discretionary.
Hence there is no hard and fast data on win% etc, because it is not mechanical.
This thread is my interpretation of trendlines, S/R trading. There is a plethora of other threads on ff on trendlines, so take the best from all those threads.
The daily eurusd however shows a tl break tothe upside. 1.3275 and above might see further move up. So, the market is currently mixed on 60 min and daily.
Oh and there is divergence, forgot to mention that.
