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Trendline Scalping 4hr timeframe

  • #361
  • Jul 26, 2010 9:10am Jul 26, 2010 9:10am
Quoting Ibz
why so rude ? U from where sucker ?
Hello Ibz, I think u looking in youre mirror
  • #362
  • Jul 26, 2010 9:58am Jul 26, 2010 9:58am
Hi All ,
ok. I am sorry . let concentrate on making money .
  • #363
  • Jul 26, 2010 10:19am Jul 26, 2010 10:19am
Hello david, did GY trigger and give nice pips with last candle?
Attached Image (click to enlarge)
Click to Enlarge Name: GY.jpg Size: 139 KB
  • #364
  • Jul 26, 2010 10:20am Jul 26, 2010 10:20am
No prob, sounds like a plan!!

Quoting david486
ezzy, all that is is just a notice to say there are no trades yet generated. as soon as a trade is generated that line will be replaced with for example
"BUY GY TL1 L1: 135.35 L2:135.55 50/50"(only an example)
if you have the checkbox ticked make sure you setup the co-ordinates of the buy/sell buttons correctly. watch the vid if not sure.

david48644

hope this helps
  • #365
  • Jul 26, 2010 10:42am Jul 26, 2010 10:42am
There was a nice short on the USDCHF. I tried a trailing stop, but it took me out too early for my liking as i left a lot of pips on the table.

http://img834.imageshack.us/img834/6996/overview.gif
  • #366
  • Jul 26, 2010 11:11am Jul 26, 2010 11:11am
Quoting glc3344
There was a nice short on the USDCHF. I tried a trailing stop, but it took me out too early for my liking as i left a lot of pips on the table.
I've found trailing hurts the performance of the various systems I've traded. It feels good psychologically because you seem to be reducing risk. In reality you're increasing the chances of an early stop-out and not letting the trade run.
You are in a maze of twisty little passages, all alike.
  • #367
  • Jul 26, 2010 7:07pm Jul 26, 2010 7:07pm
Quoting stevegee58
I've found trailing hurts the performance of the various systems I've traded. It feels good psychologically because you seem to be reducing risk. In reality you're increasing the chances of an early stop-out and not letting the trade run.
steeve agreed. trailing stops lead to early stop out imo..
  • #368
  • Jul 26, 2010 7:10pm Jul 26, 2010 7:10pm
guys finally i have a trade for you on the gy

nn is autoupdated
and a screenshot is attached. its a short for the gy

so it reads TL1: sell gy L1:135.55 L2:135.38 50/50

this reads as trendline1 sell gbp/jpy leg1 value 135.55 leg2 value 135.38 50 stop 50 tp
Attached Image (click to enlarge)
Click to Enlarge Name: tl1.jpg Size: 33 KB
  • #369
  • Jul 26, 2010 9:24pm Jul 26, 2010 9:24pm
Quoting david486
guys finally i have a trade for you on the gy

nn is autoupdated
and a screenshot is attached. its a short for the gy

so it reads TL1: sell gy L1:135.55 L2:135.38 50/50

this reads as trendline1 sell gbp/jpy leg1 value 135.55 leg2 value 135.38 50 stop 50 tp
yes i can see the signal in my nnclient
  • #370
  • Jul 26, 2010 9:47pm Jul 26, 2010 9:47pm
Me too
  • #371
  • Jul 26, 2010 10:06pm Jul 26, 2010 10:06pm
please advise the entry price ?
  • #372
  • Jul 26, 2010 10:27pm Jul 26, 2010 10:27pm
Quoting Ibz
please advise the entry price ?
the enry price is a sell when it hits the trendlines as shown in the pic dave posted above
  • #373
  • Jul 26, 2010 10:52pm Jul 26, 2010 10:52pm
k. thanks.
  • #374
  • Jul 26, 2010 11:57pm Jul 26, 2010 11:57pm
guys eur opens in 1hr remember to have your buy/sell setup if autotrading.

remember this only gets you in the trade you will have to organize lot sizes and sl/tp's your self
  • #375
  • Jul 27, 2010 2:34am Jul 27, 2010 2:34am
Hi David
Thanks for the thread and as an novice still learning, is it possible to show us your full charts. That will help us to see where the action comes from.

Thanks

John from Durban
  • #376
  • Jul 27, 2010 3:24am Jul 27, 2010 3:24am
Quoting jmcl
Hi David
Thanks for the thread and as an novice still learning, is it possible to show us your full charts. That will help us to see where the action comes from.

Thanks

John from Durban
guys everyone in and at what price? 135.16 for me
  • #377
  • Jul 27, 2010 3:37am Jul 27, 2010 3:37am
Quoting jmcl
Hi David
Thanks for the thread and as an novice still learning, is it possible to show us your full charts. That will help us to see where the action comes from.

Thanks

John from Durban
no problems will do. did everyone get autoexecuted? im in at 135.17
what are the entries you got?
  • #378
  • Jul 27, 2010 3:42am Jul 27, 2010 3:42am
Please show your chart based on your 3rd trend line touch ?

Thanks
  • #379
  • Jul 27, 2010 3:49am Jul 27, 2010 3:49am
I waiting for 135.56
  • #380
  • Jul 27, 2010 4:03am Jul 27, 2010 4:03am
chart entry screen.. i entered and everyone who connected to the nn would of entered touch of the line
Attached Image (click to enlarge)
Click to Enlarge Name: chartentry.jpg Size: 103 KB
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