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Trendline Scalping 4hr timeframe

  • #461
  • Jul 29, 2010 3:04am Jul 29, 2010 3:04am
Quoting sam2vt
For U/J (GMT8:00 29/Jul):
H4 TL3 touched should trade buy
D1 TL3 touched should trade sell

Please any one who can help me on this? Should go for buy or sell?

these trades look like they both have triggered and succeeded

usd/jpy 4hr 3 touch arleady happened and the daily 3touch for the short already happened
  • #462
  • Jul 29, 2010 3:07am Jul 29, 2010 3:07am
im removing the aud trade from the nn, i personally traded this and made 9 pips though the fibre connection to my server wehre my nnhost is was cut and got disconnected for a fair few hours.. i took the break in the asian session just testing how the aud performs during its native session. by the time it got to the eur session which is the recommended timeframe for trading this method it would of broken and would of made this trend invalid.

ill check the markets now for anymore trades accross the pairs
  • #463
  • Jul 29, 2010 3:51am Jul 29, 2010 3:51am
new gy short sell. i havnt got auto execute enabled for this if you want me to enable it let me know and i will. please also take into account the news.
also only take the short if the next candle or greater, not the current candle hits the line which will make a 3rd bounce.
Attached Image (click to enlarge)
Click to Enlarge Name: newgysell.jpg Size: 42 KB
  • #464
  • Jul 29, 2010 4:35am Jul 29, 2010 4:35am
Thank you for sharing your idea Mr. David.
I need your explanation on the below set up.
TL1: sell gbp/jpy L1: 137.52 L2: 136.86 50/50

8:00am 29/JUL/2010 that is when that set u show, and immediately the price hit the TL that setup show. So what is the interpretation of that? and when exactly do i enter the trade? is it immediately the alert show or when that present candle finished? Please more explanation on this.
  • #465
  • Jul 29, 2010 5:14am Jul 29, 2010 5:14am
Quoting mrcharlotte
Thank you for sharing your idea Mr. David.
I need your explanation on the below set up.
TL1: sell gbp/jpy L1: 137.52 L2: 136.86 50/50

8:00am 29/JUL/2010 that is when that set u show, and immediately the price hit the TL that setup show. So what is the interpretation of that? and when exactly do i enter the trade? is it immediately the alert show or when that present candle finished? Please more explanation on this.
lL1 = leg1 value L2 = leg2 value so you draw a line from leg1 to leg2 when price hits the trend again you sell. the autotrade feature i have disabled for the week because im testing other pairs.

see the screenshot above i posted
  • #466
  • Jul 29, 2010 5:42am Jul 29, 2010 5:42am
eur/jpy shortsell see screenshot watch out for any us news
Attached Image (click to enlarge)
Click to Enlarge Name: neweysell.jpg Size: 44 KB
  • #467
  • Jul 29, 2010 6:34am Jul 29, 2010 6:34am
Quoting david486
new gy short sell. i havnt got auto execute enabled for this if you want me to enable it let me know and i will. please also take into account the news.
also only take the short if the next candle or greater, not the current candle hits the line which will make a 3rd bounce.
Do you mean trade excute on next open candle which after 3rd bounce's (I call it L3) candle? This is from my understanding from this thread.
  • #468
  • Jul 29, 2010 7:40am Jul 29, 2010 7:40am
Quoting david486
lL1 = leg1 value L2 = leg2 value so you draw a line from leg1 to leg2 when price hits the trend again you sell. the autotrade feature i have disabled for the week because im testing other pairs.

see the screenshot above i posted
What of if i want to enter the trade manually my self? when is the suitable time to enter? is it at the touch of the line? or when the bar that touched the line closed? Pls I will be looking forward to see your quick response.
  • #469
  • Jul 29, 2010 7:43am Jul 29, 2010 7:43am
Quoting sam2vt
Do you mean trade excute on next open candle which after 3rd bounce's (I call it L3) candle? This is from my understanding from this thread.
yeh thats waht he means. so next oen candle if it hits the trend made from l1 and l2 you buy
  • #470
  • Jul 29, 2010 8:14am Jul 29, 2010 8:14am
hello all,good frend i find for lines. add in chart. draw trendline. at line properties description say Alert_(say the many pips u like) like may be Alert_15. when price get 15pips from line box pops up to say u. must be used big A not a.
can do email to but i am confused to do that
Attached File(s)
File Type: ex4 Alerter.ex4   4 KB | 270 downloads
  • #471
  • Jul 29, 2010 10:04am Jul 29, 2010 10:04am
Hi David

Discovered your system yesterday and decided to try it out. I'm 130 pips in profit as at 16:00 BST today, so to say that I am impressed is an understatement.

I've been learning about trading for almost two years and have tried many systems, and I do mean 'many' Up until now I have focussed on short time frames (5 min to 15mins) thinking that they would suit my style and be more applicable to my future as a day trader. However, I am now begining to realise that longer time frames actually work bett and are more reliable.

So I would like to thank you for posting this system and may the pips be with you...

GG
Now trading live
  • #472
  • Jul 29, 2010 10:14am Jul 29, 2010 10:14am
Quoting david486
eur/jpy shortsell see screenshot watch out for any us news
hello david, another win for the method
  • #473
  • Jul 29, 2010 11:08am Jul 29, 2010 11:08am
Quoting driftwood
hello david, another win for the method
Question 1:
Should "yes" appeared on [Successfull] column once E/J is valid to trade? Or what is the condition for "yes" to appear?

Question 2:
USD/CAD
L1.0254 L2:1.0298 as shown on post #466 is indicated for Line 1 (drawn according to NN).
However, Line 2 should consider valid buy entry? If yes should NN update it? I did restart my MT4 + NN but remain for U/CAD.

Do I miss any?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 7 KB
  • #474
  • Jul 29, 2010 11:08am Jul 29, 2010 11:08am
ok so going by the rule this would be a trade on my broker and would have been profitable trade to if i am correct on this cause by my count there is 4 hits on the trend line already
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 209 KB
  • #475
  • Jul 29, 2010 11:16am Jul 29, 2010 11:16am
Quoting Tazca
ok so going by the rule this would be a trade on my broker and would have been profitable trade to if i am correct on this cause by my count there is 4 hits on the trend line already
Attachment
hello Tazca, i think no.2 is not count. May be u read post 438 for more better idea.
  • #476
  • Jul 29, 2010 11:19am Jul 29, 2010 11:19am
Quoting sam2vt
Question 1:
Should "yes" appeared on [Successfull] column once E/J is valid to trade? Or what is the condition for "yes" to appear?

Question 2:
USD/CAD
L1.0254 L2:1.0298 as shown on post #466 is indicated for Line 1 (drawn according to NN).
However, Line 2 should consider valid buy entry? If yes should NN update it? I did restart my MT4 + NN but remain for U/CAD.

Do I miss any?
hello sam2vt, i think may be yes come when trade is successful. Question 2 i leaf for david
  • #477
  • Jul 29, 2010 11:22am Jul 29, 2010 11:22am
Quoting driftwood
hello Tazca, i think no.2 is not count. May be u read post 438 for more better idea.
So then it was still a trade then cause 4 would have actually been 3 then and entry on 4 would have yeilded about 70 pips
  • #478
  • Jul 29, 2010 11:25am Jul 29, 2010 11:25am
Quoting Tazca
So then it was still a trade then cause 4 would have actually been 3 then and entry on 4 would have yeilded about 70 pips

  • #479
  • Jul 29, 2010 11:33am Jul 29, 2010 11:33am
so looking at the neural and ploting on my chart
gbp/jpy +50
eur/jpy +40
usd/cad +30

those all would have been hit today according to my charts nice results for a day of trading if i had of come accorss this thread befor just found it about a hr ago and it seems to be very simple to follow
  • #480
  • Jul 29, 2010 12:03pm Jul 29, 2010 12:03pm
Quoting Tazca
so looking at the neural and ploting on my chart
gbp/jpy +50
eur/jpy +40
usd/cad +30

those all would have been hit today according to my charts nice results for a day of trading if i had of come accorss this thread befor just found it about a hr ago and it seems to be very simple to follow
hello Tazca, GY = no valid 3 touch yet for me. uc = 30 hours ago see post 436. ej = today.
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