Trendline Scalping 4hr timeframe | Page 21 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Timeframe inside current timeframe - is that possible? 2 replies

4hr - 1hr Scalping Method 9 replies

Seeing higher timeframe indicators on lower timeframe 4 replies

Trendline, Trendline and Trendline 4 replies

Multiple timeframe based price action scalping? 1 reply

Attachments: Trendline Scalping 4hr timeframe
Exit Attachments

Trendline Scalping 4hr timeframe

  • #401
  • Jul 27, 2010 5:30am Jul 27, 2010 5:30am
I'm still in . looks like its comming down .
  • #402
  • Jul 27, 2010 5:35am Jul 27, 2010 5:35am
its impossible to avoid news on 4 hr charts .
  • #403
  • Jul 27, 2010 5:38am Jul 27, 2010 5:38am
The daily chart shows that the ressistance very strong . looks like coming down is the only direction . Institutional players are shorting .
  • #404
  • Jul 27, 2010 5:43am Jul 27, 2010 5:43am
Quoting Ibz
its impossible to avoid news on 4 hr charts .
That's not really true, unless you're only opening trades on the bar open.

There's generally a bar forming during a news event. You wait for any trendline traversal during news to resolve itself before entry while the bar is forming.

Also, you draw the trendline on the H4 chart but you could still look for entry on a lower timeframe as long as it involves the H4 trendline.
You are in a maze of twisty little passages, all alike.
  • #405
  • Jul 27, 2010 6:07am Jul 27, 2010 6:07am
Remember that a trendline can be broken
Price was above the Daily Pivot (M15 chart)
Trend was bullish

1.Price bounced at the D_Pivot 134.8350 and Ema(21)
2.Price went up and bounced at the upper trendline, reversal
3.Price retraced and bounced at the Ema(21), bullish reversal pattern
4.Trendline was broken and price going up, up, up...

Stoploss of 50 pips is reached...
My condolences to everyone who had a loss on his live account.
eTrader,
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyTrendlineScalping27072010-01.jpg Size: 125 KB
  • #406
  • Jul 27, 2010 6:16am Jul 27, 2010 6:16am
Quoting eTrader
Remember that a trendline can be broken
Price was above the Daily Pivot (M15 chart)
Trend was bullish

1.Price bounced at the D_Pivot 134.8350 and Ema(21)
2.Price went up and bounced at the upper trendline, reversal
3.Price retraced and bounced at the Ema(21), bullish reversal pattern
4.Trendline was broken and price going up, up, up...

Stoploss of 50 pips is reached...
My condolences to everyone who had a loss on his live account.
eTrader,
yes trendlines can be broken. news is usually a mitigating factor in this, well trading my method any way.
i got stopped these things happen. i wont overlook any orange news again. all red + orange will be included in my trade freezing for +1 hour after(if the deviation was grat) and -hour the anticipation of the news
plenty more trades to be had
  • #407
  • Jul 27, 2010 6:28am Jul 27, 2010 6:28am
Quoting eTrader
Remember that a trendline can be broken
Price was above the Daily Pivot (M15 chart)
Trend was bullish

1.Price bounced at the D_Pivot 134.8350 and Ema(21)
2.Price went up and bounced at the upper trendline, reversal
3.Price retraced and bounced at the Ema(21), bullish reversal pattern
4.Trendline was broken and price going up, up, up...

Stoploss of 50 pips is reached...
My condolences to everyone who had a loss on his live account.
eTrader,
Thats what you all get for leaving me behind..if i were on the train, would av stopped it and turn it around in our favour.....lol

Anyway, Dave never said this was an holy grail..so we live to fight another day..
God's Love For You Is Sure Never You Doubt It
  • #408
  • Jul 27, 2010 7:15am Jul 27, 2010 7:15am
The forecast was 2 the actual was 33 - however there is a little star on the detail button on the ff news page. It states "Source changed series calculation formula as of this release;" I'm assuming thats the reason for the large difference between forecast and actual.

Greg
  • #409
  • Jul 27, 2010 7:20am Jul 27, 2010 7:20am
Quoting D liberators
Thats what you all get for leaving me behind..if i were on the train, would av stopped it and turn it around in our favour.....lol

Anyway, Dave never said this was an holy grail..so we live to fight another day..
hahaha dlib
  • #410
  • Edited 11:09am Jul 27, 2010 7:31am | Edited 11:09am
hi im new to this forum but have seen some interesting trades in previous posts. i have a couple of q's 1)if your stop is 50 points away what are your targets and 2)what sort of percentage do you guys risk per trade
thx

Edit:
sorry i have only just read through the whole thing and all my questions have been answered lol
  • #411
  • Jul 27, 2010 8:00am Jul 27, 2010 8:00am
Quoting david486
hahaha dlib
Well guys, its been nice actively participating here... I wont be active here for some time to come now..Need to concentrate on some other things [i'm a forex commando and on a new assignment..lol]. I'll log on most of the time 'cause my personal laptop is configured to automatically log on, but i wont be able to actively participate...since there's a trading machine for everyone now, i guess there wont be much of confusion anymore...I'll still like sm1 to put me thru how to load the ''machine'' on my pc please...

Wish you all a sucessful trading with this strategy or system or whatever....

P.S. I still need sm1 to help code my EMA cut strategy into an EA...

God's Love For You Is Sure Never You Doubt It
  • #412
  • Jul 27, 2010 6:45pm Jul 27, 2010 6:45pm
Quoting D liberators
Well guys, its been nice actively participating here... I wont be active here for some time to come now..Need to concentrate on some other things [i'm a forex commando and on a new assignment..lol]....
no probs dlibs. message me anytime on skype. ill try and do another screen video for you
  • #413
  • Jul 27, 2010 6:50pm Jul 27, 2010 6:50pm
going to add the other pairs, so in the nn you will see alot more, not just the 1 line for the gy.

heres how it will be ordered.
gy 50/50
ey 40/40
gc 40/40
uc 30/30
au 30/30
aj 30/30

what do you guys think? they will be manually added. ill activate autoexecution on them next week.
  • #414
  • Jul 27, 2010 6:59pm Jul 27, 2010 6:59pm
Quoting david486
going to add the other pairs, so in the nn you will see alot more, not just the 1 line for the gy.

heres how it will be ordered.
gy 50/50
ey 40/40
gc 40/40
uc 30/30
au 30/30
aj 30/30

what do you guys think? they will be manually added. ill activate autoexecution on them next week.
Sounds good! Thanks Dave!

Greg
  • #415
  • Jul 27, 2010 7:36pm Jul 27, 2010 7:36pm
Quoting glc3344
Sounds good! Thanks Dave!

Greg
+1
  • #416
  • Jul 27, 2010 9:26pm Jul 27, 2010 9:26pm
We are all waiting for the 2nd trade to be activate . Hope this will be a profitable trade .
  • #417
  • Jul 27, 2010 9:32pm Jul 27, 2010 9:32pm
Quoting Ibz
We are all waiting for the 2nd trade to be activate . Hope this will be a profitable trade .
is there a second trade?

that trade yesterday would of been good imo. i was +27pips. news stuffed it up. i agree dave, i think all news should be taken into account not just news marked as red on ff.
  • #418
  • Jul 28, 2010 1:18am Jul 28, 2010 1:18am
guys you will see an updated window for the nn as displayed in the attached screenshot.

its for the au, autotrading isnt enabled for this pair as of yet, will probably add next week

reads trendline 5 sell aud/usd leg1 price 90.68 leg2 price 90.24 sl30 tp 30, screenshot next to it is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: autrd.jpg Size: 42 KB
  • #419
  • Jul 28, 2010 2:27am Jul 28, 2010 2:27am
Hi David

Just wanted to ask you or anyone else that may know the answer, I still have yesterday's sell gy information on my nn, how can I gt rid of it.

Many thanks
What you do is a reflection of you....what I do is a reflection of me.
  • #420
  • Jul 28, 2010 3:11am Jul 28, 2010 3:11am
Quoting Ezzy
Hi David

Just wanted to ask you or anyone else that may know the answer, I still have yesterday's sell gy information on my nn, how can I gt rid of it.

Many thanks
did you close and open it, mine updated automatically. i spose opening and losing will do the trick
0 traders viewing now