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Trendline Scalping 4hr timeframe

  • #101
  • Jul 13, 2010 8:11am Jul 13, 2010 8:11am
waiting to close below the TL and a bearish bar...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 16 KB
  • #102
  • Jul 13, 2010 8:12am Jul 13, 2010 8:12am
if you were referring the first to the GU chart, it is a trade into a retest of trendline, probabily a bit weird though

Quoting john19r
according to the rules from the beginning these charts look like they would of won according to the 3 bounce rules, well the second anyway not sure what the first chart represents
  • #103
  • Jul 13, 2010 8:13am Jul 13, 2010 8:13am
Quoting david486
you are correct, others do wait for the closure i dont. doesnt mean its wrong basically whatever works for you. i used to miss a few trades when waiting for the closure candle. The Closure candle is also a good way to enter.
Thx david, if not awaiting close what do you think a bounce plz? 20 pips, 50 pips? or a time limit?
  • #104
  • Jul 13, 2010 11:09am Jul 13, 2010 11:09am
Quoting david486
you are correct, others do wait for the closure i dont. doesnt mean its wrong basically whatever works for you....
Looking forward to your neural GUI david. Thanks
  • #105
  • Jul 13, 2010 9:38pm Jul 13, 2010 9:38pm
both hit targets, i am done

Quoting jeurre
if you were referring the first to the GU chart, it is a trade into a retest of trendline, probabily a bit weird though
  • #106
  • Jul 13, 2010 10:07pm Jul 13, 2010 10:07pm
[quote=jeurre;3871396]both hit targets, i am done[/QUOTE

so you made 50 pips on both? nice if u did!
  • #107
  • Jul 13, 2010 10:57pm Jul 13, 2010 10:57pm
to be honest with you, AC, yes, GU stoploss at BE hit. I am having this trade, wish could fade upto the top of the range



[quote=john19r;3871423]
Quoting jeurre
both hit targets, i am done[/QUOTE

so you made 50 pips on both? nice if u did!
Attached Image (click to enlarge)
Click to Enlarge Name: gchf.gif Size: 24 KB
  • #108
  • Jul 13, 2010 11:04pm Jul 13, 2010 11:04pm
Here are daily possible Daily trades am watching...

GbpUsd SHORT
SgdJpy SHORT
NzdUsd SHORT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu daily.gif Size: 62 KB
Click to Enlarge Name: sgdjpy daily.gif Size: 55 KB
Click to Enlarge Name: nzdusd daily.gif Size: 61 KB
God's Love For You Is Sure Never You Doubt It
  • #109
  • Jul 13, 2010 11:08pm Jul 13, 2010 11:08pm
Is this based on Trendline bounce? cant see any trndline bounce on this pair...

[quote=jeurre;3871488]to be honest with you, AC, yes, GU stoploss at BE hit. I am having this trade, wish could fade upto the top of the range
God's Love For You Is Sure Never You Doubt It
  • #110
  • Jul 13, 2010 11:33pm Jul 13, 2010 11:33pm
actually, i view TL and S&R as same thing.

jeurre

[quote=D liberators;3871502]Is this based on Trendline bounce? cant see any trndline bounce on this pair...

Quoting jeurre
to be honest with you, AC, yes, GU stoploss at BE hit. I am having this trade, wish could fade upto the top of the range
  • #111
  • Jul 14, 2010 2:00am Jul 14, 2010 2:00am
In my view and experience so far, they are actually not the same...to avoid distraction and unnecessary confussion, i suggest we stick to posting charts or trades that has to do with the strategy as described by the thread starter... I do see a lot of wonderful threads that get clustered and confusing after a while just because other traders post what is not in line with the thread's strategy...This system is highly effective as simple as it is described by Dave, and i'm sure we dont want to give this thread a premature death..just my own view..


Missed this while in traffic on my way to the office...

[quote=jeurre;3871527]actually, i view TL and S&R as same thing.

jeurre

Quoting D liberators
Is this based on Trendline bounce? cant see any trndline bounce on this pair...
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy 4hr.gif Size: 60 KB
God's Love For You Is Sure Never You Doubt It
  • #112
  • Jul 14, 2010 2:22am Jul 14, 2010 2:22am
Quoting D liberators
In my view and experience so far, they are actually not the same...to avoid distraction and unnecessary confussion, i suggest we stick to posting charts or trades that has to do with the strategy as described by the thread starter... I do see a lot of wonderful threads that get clustered and confusing after a while just because other traders post what is not in line with the thread's strategy...This system is highly effective as simple as it is described by Dave, and i'm sure we dont want to give this thread a premature death..just my own view.....
great setup, i missed this one too.. actually chf/jpy is a pretty good performer i was thinking of trading both the gbp and chf when i first started. will monitor trades and will probably start trading them to!
  • #113
  • Jul 14, 2010 2:28am Jul 14, 2010 2:28am
well, not a problem for you to stick around with the thread strategy. didn't intend to confuse you, simply responded to your curiousity . good luck with your scalp shop

Quoting D liberators
In my view and experience so far, they are actually not the same...to avoid distraction and unnecessary confussion, i suggest we stick to posting charts or trades that has to do with the strategy as described by the thread starter... I do see a lot of wonderful threads that get clustered and confusing after a while just because other traders post what is not in line with the thread's strategy...This system is highly effective as simple as it is described by Dave, and i'm sure we dont want to give this thread a premature death..just my own view.....
  • #114
  • Jul 14, 2010 2:33am Jul 14, 2010 2:33am
GJ 4hr. 20 pips banked. 2nd trade still open, at be.

On watch list AU, NU, CadJ.
Attached Image (click to enlarge)
Click to Enlarge Name: gj4hr.gif Size: 25 KB
  • #115
  • Jul 14, 2010 2:47am Jul 14, 2010 2:47am
Quoting Four Kids
GJ 4hr. 20 pips banked. 2nd trade still open, at be.

On watch list AU, NU, CadJ.
Hi Four kids

My chart looks a bit different (different broker and GMT settings I guess).

Cheers
What you do is a reflection of you....what I do is a reflection of me.
  • #116
  • Jul 14, 2010 2:48am Jul 14, 2010 2:48am
Quoting Ezzy
Hi Four kids

My chart looks a bit different (different broker and GMT settings I guess).

Cheers
Here's the chart
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 25 KB
What you do is a reflection of you....what I do is a reflection of me.
  • #117
  • Edited 2:58am Jul 14, 2010 2:48am | Edited 2:58am
guys i entered a short during the asian session about 8 hours ago for 45pips.. i had relaxed my rules on my neuralnet and it autoexecuted while i was sleeping. glad to see another win!
attached is the chart i entered at 135.46 for a short.
Attached Image (click to enlarge)
Click to Enlarge Name: tradetoday.gif Size: 30 KB
  • #118
  • Jul 14, 2010 2:49am Jul 14, 2010 2:49am
Quoting Four Kids
GJ 4hr. 20 pips banked. 2nd trade still open, at be.

On watch list AU, NU, CadJ.
nice work fourkids, what was your entry?
  • #119
  • Jul 14, 2010 2:49am Jul 14, 2010 2:49am
Quoting Ezzy
Hi Four kids

My chart looks a bit different (different broker and GMT settings I guess).

Cheers
Yes. I use FxPro for charts.
  • #120
  • Jul 14, 2010 3:00am Jul 14, 2010 3:00am
Quoting david486
nice work fourkids, what was your entry?
I missed the the initial bounce, but decided to enter anyway. Got in at 135.37. 2nd part stopped out at break even.

If I had of entered at the initial bounce, 50to 60 pips would have been banked, and the second part would still be open.
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