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Trendline Scalping 4hr timeframe

  • #161
  • Jul 15, 2010 5:51pm Jul 15, 2010 5:51pm
Hello guys..am looking at the UsdJpy for a likely LONG trade.. to back this likely trade up is the fact that there's daily support at the 87.25 zone which is close to the TL..
Attached Image (click to enlarge)
Click to Enlarge Name: uj 4hr 2.gif Size: 57 KB
God's Love For You Is Sure Never You Doubt It
  • #162
  • Jul 15, 2010 7:07pm Jul 15, 2010 7:07pm
Quoting roundrock
david, my GY trade hit SL at 135.60, price just touched that pip and dropped 100 pips in 5 min !!!
ouch..yes i see.i was lucky my broker price didn't reach my stop..

still cant believe what d libs broker did. such a scumbag move. anyways there will be more trades to come.

can anytone tell me what their success is like on other pairs. i have only been trading gbp/jpy?
i would like to know because by monday the neural should be released and i might add a few other pairs for those that are keen. for less liquid stocks a tp and sl of 50 pips will have to be reduced to like 20 or 30. anyways let me know your thgouhts.
  • #163
  • Jul 15, 2010 9:04pm Jul 15, 2010 9:04pm
Quoting D liberators
you didnt apply the 20pips buffer above the top right? Its important if you're not using Dave's style of entry...
this is david style trade, 50 pip TP/SL on touchdown of TL. no buffer. it just kissed my stop and reversed 100 pips in 5 min :-(
  • #164
  • Jul 15, 2010 9:08pm Jul 15, 2010 9:08pm
Quoting D liberators
where's the origin of the the trendline?..seems we already had a 3rd leg bounce on this gradient, so u got to be real careful on this one..

Lost my ACad short..no thanks to my brokers error.. cant freak me out, gonna nail them real hard..lol Dont mind me just bragging..lol
D liberators, i didnt know that each gradient can be traded only once and thats 3rd leg

is there any reason for this ? the more and more price toyches TL it becomes weak or strong ? my understanding is if TL has several legs, it gets stronger, rather than just joining 2 points. but i need a good swing between each leg. the bigger the swing, better it is for TL
  • #165
  • Jul 15, 2010 9:13pm Jul 15, 2010 9:13pm
All on 4hr tf..but i'll be tweaking this a little by watching for entry on 1hr tf...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdjpy 4hr.gif Size: 61 KB
Click to Enlarge Name: audchf 4hr.gif Size: 53 KB
Click to Enlarge Name: audjpy 4hr.gif Size: 59 KB
Click to Enlarge Name: ucad 4hr 2.gif Size: 56 KB
Click to Enlarge Name: audusd 4hr.gif Size: 56 KB
Click to Enlarge Name: eurgbp 4hr.gif Size: 59 KB
God's Love For You Is Sure Never You Doubt It
  • #166
  • Jul 15, 2010 11:37pm Jul 15, 2010 11:37pm
nice dlib.

here is my gbp/jpy 4hr tl trade.

its a long on the hit of this trend. usual tp and sl of 50pips

good luck all, will be looking for a short setup aswell
Attached Image
  • #167
  • Jul 15, 2010 11:39pm Jul 15, 2010 11:39pm
with all JPY pairs falling, i am sceptcal of this right now, i already have 3 JPY pairs on trade (all long). good luck to you david
  • #168
  • Jul 15, 2010 11:57pm Jul 15, 2010 11:57pm
Quoting roundrock
with all JPY pairs falling, i am sceptcal of this right now, i already have 3 JPY pairs on trade (all long). good luck to you david
thanks roundrock.
its about 80pips away shold be good
  • #169
  • Jul 16, 2010 1:02am Jul 16, 2010 1:02am
long triggered on 4H... i am really scared at so many JPY pairs triggering long..
  • #170
  • Jul 16, 2010 1:03am Jul 16, 2010 1:03am
Quoting david486
thanks roundrock.
its about 80pips away shold be good
David,

What MT4 broker chart are you using?

Thanks,
BC
  • #171
  • Jul 16, 2010 1:20am Jul 16, 2010 1:20am
EJ long triggered..
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 14 KB
  • #172
  • Jul 16, 2010 3:03am Jul 16, 2010 3:03am
When you're in doubt, stay out..lol

Quoting roundrock
long triggered on 4H... i am really scared at so many JPY pairs triggering long..
God's Love For You Is Sure Never You Doubt It
  • #173
  • Edited 3:21am Jul 16, 2010 3:07am | Edited 3:21am
Quoting D liberators
When you're in doubt, stay out..lol
bobcat fxdd.


aud/usd and usdcad trades testing today. both closed +20pips so totalled of them 40(real account 50k position)

these were the ones d lib spotted above so congrats buddy
  • #174
  • Jul 16, 2010 3:40am Jul 16, 2010 3:40am
I need help with drawing TL, see the picture i attached below, there are 2 lines i made, the chocolate line is the same as d lib line.. my question is, the red lines that i made is also correct or not..
thank you.
nb: sorry my english is bad..
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 93 KB
  • #175
  • Jul 16, 2010 4:09am Jul 16, 2010 4:09am
Why is the market so slow..can you all kindly place orders so market can move pleeeeeeeeeeeeeeeeeeeeeeease..still need to bleed 120 pips from the market today...anybody got excess pips to give me some?.. Is there any way we can manipulate the market like the big boys do?..who really are the ''big boys''...

I need more .lol

Mistakingly took AUDCAD instead of AUDCHF..good mistake though..seriously thinking of switching over to ''Coin flipping'' style of trading.....think i can make more money with it? hmm
God's Love For You Is Sure Never You Doubt It
  • #176
  • Jul 16, 2010 4:09am Jul 16, 2010 4:09am
Quoting roundrock
EJ long triggered..
this is brilliant.. i tool this one to for 40+ pips.. its like ive gone from losing to winning all my trades...
  • #177
  • Jul 16, 2010 4:56am Jul 16, 2010 4:56am
Though i cant see it very well.. looks ok to me [thats the ideal TL..having the full ABCD leg. The TL used in this strategy is not necessarily the textbook TL..some cases you are actually anticipating the CD leg...

You may want to go thru the little note i wrote on how to effectively/correctly draw an ideal TL. And when we eventually get the chart/trading room going, you can be sure of getting a step by step walk thru on how to draw a TL.

Quoting GreenPipz
I need help with drawing TL, see the picture i attached below, there are 2 lines i made, the chocolate line is the same as d lib line.. my question is, the red lines that i made is also correct or not..
thank you.
nb: sorry my english is bad..
Attached File(s)
File Type: doc DRAWING TREND LINES.doc   243 KB | 859 downloads
God's Love For You Is Sure Never You Doubt It
  • #178
  • Jul 16, 2010 5:12am Jul 16, 2010 5:12am
I'm happy for you John..Welcome to the club of successful forex traders. With discipline and patience, this strategy will give 85-95% sucess rate... I'm really happy to hear this from you...i get fulfilled when i hear things like this...

Guys i bled 40 more pips..so i still need 80 more pips... pleeeeeeeeeeeeeeeeeeeeeeeeeeeeeeease place orders so market can move more.. i need more money...got back my loss of yesterday.. Alpari uk is in trouble with me..lol

Adjusted TL on chartsand now have 19 pairs on my radar..will post as signal matures or get close to maturing on any of the pairs....GbpJpy seems the most viable for now..we might have signal in both ways later today..men i smell

Quoting john19r
this is brilliant.. i tool this one to for 40+ pips.. its like ive gone from losing to winning all my trades...
God's Love For You Is Sure Never You Doubt It
  • #179
  • Jul 16, 2010 7:39am Jul 16, 2010 7:39am
Thank you very much.. now i get it.. but still need a lot more practice.. hope this thread can give more and more example every day so that i can follow and study more..
Please let me know if the trading room or group chat has been made, because i really want to study this TL method.
once again.. thank you..

Quoting D liberators
Though i cant see it very well.. looks ok to me [thats the ideal TL..having the full ABCD leg. The TL used in this strategy is not necessarily the textbook TL..some cases you are actually anticipating the CD leg...

You may want to go thru the little note i wrote on how to effectively/correctly draw an ideal TL. And when we eventually get the chart/trading room going, you can be sure of getting a step by step walk thru on how to draw a TL.
  • #180
  • Jul 16, 2010 7:58am Jul 16, 2010 7:58am
Any update on the skype room? I just stumbled across this thread and i have been trading a very similar technique. There's nothing better than trend lines IMO. Looking forward to learning and contributing.

Greg
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