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Trendline Scalping 4hr timeframe

  • #481
  • Jul 29, 2010 12:18pm Jul 29, 2010 12:18pm
Quoting driftwood
hello Tazca, GY = no valid 3 touch yet for me. uc = 30 hours ago see post 436. ej = today.
correct me if i am wrong them by my chart this last 4hr bar was a buy on USDCAD
my GBPJPY Has 3 hits
and not sure if i marked up AUDUSD right

Attached Image (click to enlarge)
Click to Enlarge Name: 4 trades.jpg Size: 199 KB


and current usdcad on mine could also be a sell maybe
  • #482
  • Jul 29, 2010 12:23pm Jul 29, 2010 12:23pm
Quoting Tazca
correct me if i am wrong them by my chart this last 4hr bar was a buy on USDCAD
my GBPJPY Has 3 hits
and not sure if i marked up AUDUSD right

Attachment

and current usdcad on mine could also be a sell maybe
hello Tazca, who is u broker charts plz?
  • #483
  • Jul 29, 2010 12:26pm Jul 29, 2010 12:26pm
Quoting driftwood
hello Tazca, who is u broker charts plz?
Right Win Group Fx
  • #484
  • Jul 29, 2010 12:31pm Jul 29, 2010 12:31pm
Quoting Tazca
Right Win Group Fx
hello Tazca, david use fxdd so i change to use same there demo charts. 4hr charts ending is not same with all brokers that may be is why not same as mine or david nn.
  • #485
  • Jul 29, 2010 12:40pm Jul 29, 2010 12:40pm
Quoting driftwood
hello Tazca, david use fxdd so i change to use same there demo charts. 4hr charts ending is not same with all brokers that may be is why not same as mine or david nn.
true enough not all the charts are the same.
  • #486
  • Jul 29, 2010 5:35pm Jul 29, 2010 5:35pm
guys great night last ngiht. the eur made a nice 40 pips.

under the successful bar there if it reads yes or no that means the trade has already been taken. sorry for the confusion.

so what do you all think, from monday auto execution on non gy pairs?
  • #487
  • Jul 29, 2010 5:39pm Jul 29, 2010 5:39pm
tazca the cad is from i think wednesday, the gy has only formed the first two legs(the second hit is invalid because its too close to the first) still waiting on the gy and usd/chf
  • #488
  • Jul 29, 2010 8:00pm Jul 29, 2010 8:00pm
Quoting david486
tazca the cad is from i think wednesday, the gy has only formed the first two legs(the second hit is invalid because its too close to the first) still waiting on the gy and usd/chf
then by looking at the charts USDCAD from wensday was invalid as 2 and 3rd are hit one candle after the other just like the GBPJPY chart i posted. so why is one valid and other not
  • #489
  • Jul 29, 2010 8:07pm Jul 29, 2010 8:07pm
Quoting Tazca
then by looking at the charts USDCAD from wensday was invalid as 2 and 3rd are hit one candle after the other just like the GBPJPY chart i posted. so why is one valid and other not
no the usd/cad trade was valid. the first and second legs had more than 1 candle between them the gy 1 candle hit then the one after hit on the next candle which makes the second candle invalid. the 3rd hit you see on the charts is counted as the second hit.
  • #490
  • Jul 29, 2010 8:09pm Jul 29, 2010 8:09pm
Hi David. I need your help on the question below

USD/CAD
L1:1.0254 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 NN stay remain for U/CAD since 28/Jul. My problem could be same as Ezzy (post #421)?

Do I miss any?

Sam
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc.gif Size: 6 KB
Click to Enlarge Name: NN.JPG Size: 37 KB
  • #491
  • Jul 29, 2010 8:15pm Jul 29, 2010 8:15pm
Quoting driftwood
hello sam2vt, i think may be yes come when trade is successful. Question 2 i leaf for david
Thanks driftwood.
  • #492
  • Jul 29, 2010 8:15pm Jul 29, 2010 8:15pm
Quoting sam2vt
Hi David. I need your help on the question below

USD/CAD
L1:1.0254 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 NN stay remain for U/CAD since 28/Jul. My problem could be same as Ezzy (post #421)?

Do I miss any?

Sam
i think you have mis interpreted dave's earlier posts which describe the format of the lines. leg1: price leg2: price
you draw the line from leg1 price to leg2 price. not a seperate line for each leg. the line which you have labelled as line2 is the product of leg1 and leg2. as you can see the bounce of the 3rd hit on the line created a buy signal which was profitable. i traded this line according to the nn and daves rules and made pips.
  • #493
  • Jul 29, 2010 8:25pm Jul 29, 2010 8:25pm
This is how it looks on my MT4 (forex.com).
All three trades would have been very successful.
USD/CHF did not trigger.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj.gif Size: 15 KB
Click to Enlarge Name: uc.gif Size: 17 KB
Click to Enlarge Name: ej.gif Size: 16 KB
Click to Enlarge Name: uch.gif Size: 17 KB
  • #494
  • Jul 29, 2010 8:30pm Jul 29, 2010 8:30pm
Quoting fguru
This is how it looks on my MT4 (forex.com).
All three trades would have been very successful.
USD/CHF did not trigger.
spot on fguru with the others though with the eur/jpy the one marked as 3 should be 2 and the bar directly after should be 3! thats what my charts look like, did u take the eur/jpy that happened earlier?? nice trade bagged 40 of it!

dave plz enable autoexecution for all pairs next week
  • #495
  • Jul 29, 2010 8:43pm Jul 29, 2010 8:43pm
Quoting john19r
spot on fguru with the others though with the eur/jpy the one marked as 3 should be 2 and the bar directly after should be 3! thats what my charts look like, did u take the eur/jpy that happened earlier?? nice trade bagged 40 of it!

dave plz enable autoexecution for all pairs next week
You are absolutely right john19r. I made a mistake! I have attached the EUR/JPY chart again, now it should be correct.

No, unfortunately I did not take any of the trades, as I forgot to open the neural client in the morning.
Attached Image (click to enlarge)
Click to Enlarge Name: eujpy.gif Size: 16 KB
  • #496
  • Jul 29, 2010 8:49pm Jul 29, 2010 8:49pm
Quoting john19r
i think you have mis interpreted dave's earlier posts which describe the format of the lines. leg1: price leg2: price
you draw the line from leg1 price to leg2 price. not a seperate line for each leg. the line which you have labelled as line2 is the product of leg1 and leg2. as you can see the bounce of the 3rd hit on the line created a buy signal which was profitable. i traded this line according to the nn and daves rules and made pips.
Thanks John I have clearer picture now.
  • #497
  • Jul 29, 2010 9:16pm Jul 29, 2010 9:16pm
Quoting john19r
spot on fguru with the others though with the eur/jpy the one marked as 3 should be 2 and the bar directly after should be 3! thats what my charts look like, did u take the eur/jpy that happened earlier?? nice trade bagged 40 of it!

dave plz enable autoexecution for all pairs next week
but that gbb/jpy of fguru post exact same as mine and david said it was invaild on mine but you say it is vaild on fguru post and his usdcad is drawn same as mine also which was vaild on line one my second line on my cadusd could also be a trend too yes no ?
and eurjpy was also one hit then 2 and 3 where one candle after another and it is vaild trade is this cause they where both down candles?
  • #498
  • Jul 29, 2010 9:22pm Jul 29, 2010 9:22pm
Quoting Tazca
but that gbb/jpy of fguru post exact same as mine and david said it was invaild on mine but you say it is vaild on fguru post and his usdcad is drawn same as mine also which was vaild on line one my second line on my cadusd could also be a trend too yes no ?
and eurjpy was also one hit then 2 and 3 where one candle after another and it is vaild trade is this cause they where both down candles?
tazca, your gbp/jpy chart is correct but there was no 3rd bounce. looks like a difference in the data feed between fxdd and your broker.
your chart is drawn correctly though and if you did take that trade it would of been profitable. where the red arrow is pointing down this would classify as the 3rd bounce according to the screenshot in post #481
  • #499
  • Jul 29, 2010 9:29pm Jul 29, 2010 9:29pm
Quoting john19r
tazca, your gbp/jpy chart is correct but there was no 3rd bounce. looks like a difference in the data feed between fxdd and your broker.
your chart is drawn correctly though and if you did take that trade it would of been profitable. where the red arrow is pointing down this would classify as the 3rd bounce according to the screenshot in post #481
ok that does clear it up for me now and yes diffrence in feeds and stuff and i see fguru had same chart setup and go 110 pips i think the chart said .. My feed is my own feed
  • #500
  • Jul 29, 2010 9:32pm Jul 29, 2010 9:32pm
Quoting Tazca
ok that does clear it up for me now and yes diffrence in feeds and stuff and i see fguru had same chart setup and go 110 pips i think the chart said .. My feed is my own feed
your own feed? from where if you dont mind me asking..
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