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Trendline Scalping 4hr timeframe

  • #601
  • Aug 3, 2010 9:57am Aug 3, 2010 9:57am
Guys, I missed a wonderful trade (USD/JPY) on DAILY chart because I was too anxious.

I entered the trade at the open of the current daily candle at 86.53 with SL 40 and TP 40. The trade went in the desired direction for 20 pips so I set the SL to +1 and went to bed (I thought better be save than sorry).

Just saw that it hit my SL (+1) while it went up to 86.60 just to go south again for 85 pips! If I wouldnt have moved my SL to +1 but rather to -10 I would have made a very great trade.
Attached Image
  • #602
  • Aug 3, 2010 10:11am Aug 3, 2010 10:11am
@david and others,

maybe we have two new setups here. Please comment.
Attached Images
  • #603
  • Aug 3, 2010 6:24pm Aug 3, 2010 6:24pm
fguru, yeh these look valid. swas going to add them to the nn.
ill do it now but wont enable autotrade until the euro start. good work.


on another note the usd/chf trade was triggered by news which made it invalid
  • #604
  • Aug 3, 2010 6:32pm Aug 3, 2010 6:32pm
here is a screenshot for the two trades on the nn. These will be both autotradeable so have your nnclient setup to autotrade if you wish it to.
take a look at fguru's charts(2 posts back) for trendline layout
Attached Image (click to enlarge)
Click to Enlarge Name: nn2trade.jpg Size: 33 KB
  • #605
  • Edited 7:02pm Aug 3, 2010 6:52pm | Edited 7:02pm
hello david, is not L1 134.15?

and EJ L1 112.01? L2 113.08?
  • #606
  • Aug 3, 2010 7:02pm Aug 3, 2010 7:02pm
Quoting driftwood
hello david, is not L1 135.15?

and EJ L1 112.01? L2 113.08?
correct abut l2 for ej. updated nn sorry about that one.
the rest are right, i started from the candle from the beginning of the week
ctrl-y will show you beginning candle(fxdd)
  • #607
  • Edited 7:37pm Aug 3, 2010 7:10pm | Edited 7:37pm
Quoting david486
correct abut l2 for ej. updated nn sorry about that one.
the rest are right, i started from the candle from the beginning of the week
ctrl-y will show you beginning candle(fxdd)
hello david, thx for explain. I had same as fguru posts now GY is trigger. so we start new from Sun every week?
  • #608
  • Aug 3, 2010 7:31pm Aug 3, 2010 7:31pm
Quoting driftwood
hello david, thx for explain. I had same as fxguru posts now GY is trigger. so we start new from Sun every week?
I would like to ask the same question.
  • #609
  • Aug 3, 2010 8:05pm Aug 3, 2010 8:05pm
Quoting fguru
I would like to ask the same question.
hey fguru i had the same question for dave i asked him earlier this week. he said yes that he starts fresh from the new week because of the new pairs that hes added to quash confusion. said it was easier to run from the begging of the week, results were the same.

so i suppose its up 2 u guys if you want to run it from the beginnign or from a previous week.

sorry forgot to add that on average usually trades are generated on a wednesday due to a new trend forming which he can apply his method to.
  • #610
  • Aug 3, 2010 8:24pm Aug 3, 2010 8:24pm
Yeah, I got a signal now for GJ n EJ..

I already set it up too..
btw, how about the lot size? should I set it up too or it's automatically set?
  • #611
  • Aug 3, 2010 8:37pm Aug 3, 2010 8:37pm
Quoting toiii
Yeah, I got a signal now for GJ n EJ..

I already set it up too..
btw, how about the lot size? should I set it up too or it's automatically set?
toii the nn works of mouse clicks so when setup properly it only knows where the buy/ sell buttons are for the platform. things like lot size, sl and tp will have to be managed by ourselves. it only gets us in the trade.
  • #612
  • Aug 3, 2010 8:39pm Aug 3, 2010 8:39pm
Quoting john19r
toii the nn works of mouse clicks so when setup properly it only knows where the buy/ sell buttons are for the platform. things like lot size, sl and tp will have to be managed by ourselves. it only gets us in the trade.
So all I have to do just set up for the buy n sell button?
after that, If the trades open, I have to set sl n tp for it?
I can put a pending order by looking to the nn, right?
  • #613
  • Aug 3, 2010 8:41pm Aug 3, 2010 8:41pm
Quoting toiii
So all I have to do just set up for the buy n sell button?
after that, If the trades open, I have to set sl n tp for it?
I can put a pending order by looking to the nn, right?
yeh exactly. oco orders you can specify a tp and a sl. so with @market oco's it will get you in at market price when the nn clicks on the buy or sell then the sl and tp is predefined so if it hits the tp it will close and vise versa for the stop.
  • #614
  • Aug 3, 2010 8:51pm Aug 3, 2010 8:51pm
Quoting john19r
yeh exactly. oco orders you can specify a tp and a sl. so with @market oco's it will get you in at market price when the nn clicks on the buy or sell then the sl and tp is predefined so if it hits the tp it will close and vise versa for the stop.
ok, I think I will try to put a pending order by looking at neural client..
It will be easier for me sometimes..

btw, L1 is the first order, L2 is the second order, right?
thanks for your help..
  • #615
  • Aug 3, 2010 9:04pm Aug 3, 2010 9:04pm
Quoting toiii
ok, I think I will try to put a pending order by looking at neural client..
It will be easier for me sometimes..

btw, L1 is the first order, L2 is the second order, right?
thanks for your help..
tl1 = line 1 of teh nn gbp l1 and l2 for gy pair
tl2 = line 2 of the nn eur l1 and l2 for ey pair

are you sure you have it setup properly?
  • #616
  • Aug 3, 2010 10:03pm Aug 3, 2010 10:03pm
guys eur and gbp trades invalid due to break in asian session
  • #617
  • Aug 3, 2010 10:09pm Aug 3, 2010 10:09pm
gy trade is a short nn updated with values
Attached Image
  • #618
  • Aug 3, 2010 10:16pm Aug 3, 2010 10:16pm
GY setting up....
Attached Image (click to enlarge)
Click to Enlarge Name: gy h4.gif Size: 28 KB
  • #619
  • Aug 3, 2010 10:22pm Aug 3, 2010 10:22pm
Quoting Dejan
GY setting up....
2nd and third hits already happend in the middle for this screen
  • #620
  • Aug 3, 2010 10:44pm Aug 3, 2010 10:44pm
Quoting david486
gy trade is a short nn updated with values
Hi David,

GY, L1 should be 137.730?
Attached Image (click to enlarge)
Click to Enlarge Name: gy.JPG Size: 29 KB
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