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Trendline Scalping 4hr timeframe

  • #501
  • Jul 29, 2010 9:47pm Jul 29, 2010 9:47pm
Hey guys, do we have two new setups here?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: aususd.gif Size: 16 KB
  • #502
  • Jul 29, 2010 10:03pm Jul 29, 2010 10:03pm
This would have been another valid trade, right?

Sorry for posting so many charts, but I understand the method better when I do this and maybe it helps other members too.
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  • #503
  • Jul 29, 2010 10:04pm Jul 29, 2010 10:04pm
Quoting john19r
your own feed? from where if you dont mind me asking..
It is from a canadian lquitiy provider.. Right Win Group FX is the MT4 feed. You can trade the feed threw RWGFX meta trader
  • #504
  • Jul 29, 2010 10:13pm Jul 29, 2010 10:13pm
I guess really what i am missing is how you determain where leg one is on the chart cause there is so many place where you could put leg one and have leg 2 already there and be waiting on leg3 to form.
  • #505
  • Jul 29, 2010 10:25pm Jul 29, 2010 10:25pm
I am looking for a clear trend, either up or down. For example when I see an uptrend I put my leg 1 on the lowest point of a bull candle. Then I count 5-7 candles and there I put my second leg. Then I wait for the next candle and most likely this will be leg 3 - the trigger leg.

I have studied the successful setups/trades we had so far and often the second leg was 5-7 candles after the first leg and the trigger leg (3) one candle after leg 2. Maybe just coincidence, I dont know.
  • #506
  • Jul 29, 2010 10:33pm Jul 29, 2010 10:33pm
Quoting fguru
I am looking for a clear trend, either up or down. For example when I see an uptrend I put my leg 1 on the lowest point of a bull candle. Then I count 5-7 candles and there I put my second leg. Then I wait for the next candle and most likely this will be leg 3 - the trigger leg.

I have studied the successful setups/trades we had so far and often the second leg was 5-7 candles after the first leg and the trigger leg (3) one candle after leg 2. Maybe just coincidence, I dont know.
this trade looks valid, dave will probably add to the nn.

does anyone have a candle time indicator?
  • #507
  • Jul 29, 2010 10:36pm Jul 29, 2010 10:36pm
Quoting john19r
this trade looks valid, dave will probably add to the nn.

does anyone have a candle time indicator?
Here you go.
Attached File(s)
File Type: mq4 time to next bar.mq4   3 KB | 344 downloads
  • #508
  • Jul 29, 2010 10:47pm Jul 29, 2010 10:47pm
Quoting john19r
this trade looks valid, dave will probably add to the nn.

does anyone have a candle time indicator?
heres one
Attached File(s)
File Type: mq4 b-clock.mq4   2 KB | 250 downloads
  • #509
  • Jul 29, 2010 11:26pm Jul 29, 2010 11:26pm
just looking at audjpy and just want to confirm that i got this right as this is only the second day looking this over but this should be valid set up right ?

Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.jpg Size: 169 KB


don't mind the rest of the mess it is another strat i am using right now some may pick up on what it is just by looking at the chart
  • #510
  • Jul 29, 2010 11:30pm Jul 29, 2010 11:30pm
fguru well spotted was waitng for this one
nn is updated
aud/usd buy signal on 3rd touch remember watch out for news etc
Attached Image (click to enlarge)
Click to Enlarge Name: aubuy.jpg Size: 39 KB
  • #511
  • Jul 29, 2010 11:31pm Jul 29, 2010 11:31pm
anyone trade the eur/jpy trade i put up? i got 40pips
  • #512
  • Jul 29, 2010 11:46pm Jul 29, 2010 11:46pm
Quoting david486
fguru well spotted was waitng for this one
nn is updated
aud/usd buy signal on 3rd touch remember watch out for news etc
Hi david, I am in the trade already, but only demo. Thinking about entering live, or is it too late now?
  • #513
  • Jul 30, 2010 12:15am Jul 30, 2010 12:15am
Quoting fguru
Hi david, I am in the trade already, but only demo. Thinking about entering live, or is it too late now?
too late, the trade is gone. if you miss a trade not to worry theres always another. the aud trade should be coming up soon
  • #514
  • Jul 30, 2010 12:18am Jul 30, 2010 12:18am
I meant the AUD trade.
  • #515
  • Jul 30, 2010 12:26am Jul 30, 2010 12:26am
Quoting fguru
I meant the AUD trade.
suppose you could enter if you wish, i wont be entering until the line touches though!
  • #516
  • Jul 30, 2010 12:38am Jul 30, 2010 12:38am
Quoting david486
anyone trade the eur/jpy trade i put up? i got 40pips
Just buy!
  • #517
  • Jul 30, 2010 12:53am Jul 30, 2010 12:53am
Quoting sam2vt
Just buy!
After "Buy" for EJ realised the candle is yet close for 3rd bounce. According to the thread should only trade on next candle open after 3rd bounce candle close. Please correct me if am wrong. Am I plotting the chart correctly?

Still in demo not so headache.
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  • #518
  • Jul 30, 2010 1:10am Jul 30, 2010 1:10am
Should ready for "buy" on GJ?
Attached Image
  • #519
  • Jul 30, 2010 1:39am Jul 30, 2010 1:39am
Quoting david486
suppose you could enter if you wish, i wont be entering until the line touches though!
On my chart it touched at 0.8984 already.
  • #520
  • Jul 30, 2010 1:42am Jul 30, 2010 1:42am
Morning

I have a question relating to the nn as follows:
How long will the trade stay notified on the nn after the entry point is passed? for example, I just opened up the nn at about 07:30 BST and notice 3 trades. But I cant seem to get the TL points as indicated?
Am I doing something wrong?

GG
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