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Trendline Scalping 4hr timeframe

  • #61
  • Jul 12, 2010 9:36pm Jul 12, 2010 9:36pm
guys, any progress on chatroom ?
  • #62
  • Edited 11:12pm Jul 12, 2010 11:11pm | Edited 11:12pm
Quoting roundrock
guys, any progress on chatroom ?
possibly setup a skype chatroom or a mirc chatroom. ill work on that one after i get my code uploaded(priority)

anyways i have just entered a trade i know its still asian session but i like the setup. i decreased the lot size hope it works out the scrren is of a daily gbp/jpy and i entered at 133.05
my tp is 50 sl is 50
lets see how this one goes
Attached Image
  • #63
  • Jul 13, 2010 12:05am Jul 13, 2010 12:05am
ok Dave...your trade, is it long or short..can you reload your chat so that it comes up properly...

Quoting david486
possibly setup a skype chatroom or a mirc chatroom. ill work on that one after i get my code uploaded(priority)

anyways i have just entered a trade i know its still asian session but i like the setup. i decreased the lot size hope it works out the scrren is of a daily gbp/jpy and i entered at 133.05
my tp is 50 sl is 50
lets see how this one goes
God's Love For You Is Sure Never You Doubt It
  • #64
  • Jul 13, 2010 12:24am Jul 13, 2010 12:24am
its a long trade. ill upload a new image shortly. i entered prematurely ideal entry would of been around 132.95. we will see how this one goes though
  • #65
  • Jul 13, 2010 12:37am Jul 13, 2010 12:37am
Quoting david486
possibly setup a skype chatroom or a mirc chatroom. ill work on that one after i get my code uploaded(priority)

anyways i have just entered a trade i know its still asian session but i like the setup. i decreased the lot size hope it works out the scrren is of a daily gbp/jpy and i entered at 133.05
my tp is 50 sl is 50
lets see how this one goes
david486, thanks for the chart

it looks like all the legs are so close on the gradient. i read one rule (for 4h) that the 3rd leg should be atleast 8 hrs after 2nd leg. here i am seeing 2nd, 3rd legs are consiquitive bars.
  • #66
  • Jul 13, 2010 12:39am Jul 13, 2010 12:39am
is there a indicator which draws the trendlines..connection previous 3 points?

thanks
  • #67
  • Jul 13, 2010 12:48am Jul 13, 2010 12:48am
Quoting roundrock
david486, thanks for the chart

it looks like all the legs are so close on the gradient. i read one rule (for 4h) that the 3rd leg should be atleast 8 hrs after 2nd leg. here i am seeing 2nd, 3rd legs are consiquitive bars.
time has passed on this chart, its a daily chart so each bar is a day. its a daily trade sorry for any confusion. i liked the setup so i entered and thought i would post. i did decrease my lots because i dont usually take these trades during asian session.
  • #68
  • Jul 13, 2010 1:00am Jul 13, 2010 1:00am
Quoting david486
time has passed on this chart, its a daily chart so each bar is a day. its a daily trade sorry for any confusion. i liked the setup so i entered and thought i would post. i did decrease my lots because i dont usually take these trades during asian session.
thanks david, i did realize this is a daily chart, thats why i asked that question.
  • #69
  • Jul 13, 2010 1:14am Jul 13, 2010 1:14am
yea, i think GJ will head down a bit before going up..i'm waiting for a bounce to go long on daily too...hope your trade goes well though.

Quoting david486
its a long trade. ill upload a new image shortly. i entered prematurely ideal entry would of been around 132.95. we will see how this one goes though
Attached Image (click to enlarge)
Click to Enlarge Name: gj daily.gif Size: 55 KB
God's Love For You Is Sure Never You Doubt It
  • #70
  • Jul 13, 2010 1:20am Jul 13, 2010 1:20am
Quoting D liberators
yea, i think GJ will head down a bit before going up..i'm waiting for a bounce to go long on daily too...hope your trade goes well though.
i would tend to agree. its only $1 a pip for me on this trade. nothing in comparison to my standard lot size.
  • #71
  • Jul 13, 2010 3:12am Jul 13, 2010 3:12am
well exit +10pips not so bad. but shows must always be vigilant on entries. even seasonal traders like me can enter too late.

more setups to come and hopefully ill have my code uploaded tonight. just ironing out some bugs i.e cpu usage..
  • #72
  • Jul 13, 2010 3:37am Jul 13, 2010 3:37am
Good Dave...missed this golden opportunity..just posting it for educational purposes..

Quoting david486
well exit +10pips not so bad. but shows must always be vigilant on entries. even seasonal traders like me can enter too late.

more setups to come and hopefully ill have my code uploaded tonight. just ironing out some bugs i.e cpu usage..
Attached Image (click to enlarge)
Click to Enlarge Name: au 4hr.gif Size: 73 KB
God's Love For You Is Sure Never You Doubt It
  • #73
  • Jul 13, 2010 3:43am Jul 13, 2010 3:43am
Quoting D liberators
Good Dave...missed this golden opportunity..just posting it for educational purposes..
on my feed (fxcm uk) i dont see this clearly. in fact AUDUSD is on my radar
  • #74
  • Jul 13, 2010 3:45am Jul 13, 2010 3:45am
anyone watching this ?
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 15 KB
  • #75
  • Jul 13, 2010 3:47am Jul 13, 2010 3:47am
Quoting roundrock
on my feed (fxcm uk) i dont see this clearly. in fact AUDUSD is on my radar
+1 (FXDD)
Great thread guys!
  • #76
  • Jul 13, 2010 3:51am Jul 13, 2010 3:51am
What about this ? already EJ was shorted recently by D liberators

is this a valid setup for long if it closes above TL and starts showing some bullishness ?
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 15 KB
  • #77
  • Jul 13, 2010 3:55am Jul 13, 2010 3:55am
short oppurtunity here... but the stoploss has to be tight as we have long TL nearby
Attached Image (click to enlarge)
Click to Enlarge Name: ea.gif Size: 15 KB
  • #78
  • Jul 13, 2010 4:04am Jul 13, 2010 4:04am
Likely trades.....UsdSgd short 4hr tf

I'm short on this
Attached Image (click to enlarge)
Click to Enlarge Name: us 4hr.gif Size: 74 KB
God's Love For You Is Sure Never You Doubt It
  • #79
  • Jul 13, 2010 4:08am Jul 13, 2010 4:08am
was just going to post this too...good trade Roundrock..pray it goes well..am short this and UsdSgd

Quoting roundrock
short oppurtunity here... but the stoploss has to be tight as we have long TL nearby
God's Love For You Is Sure Never You Doubt It
  • #80
  • Jul 13, 2010 4:12am Jul 13, 2010 4:12am
I would prefer a bullish candle to bounce off the TL and not a bearish candle regardless of it closing above the TL or not

Quoting roundrock
What about this ? already EJ was shorted recently by D liberators

is this a valid setup for long if it closes above TL and starts showing some bullishness ?
God's Love For You Is Sure Never You Doubt It
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