Trendline Scalping 4hr timeframe | Page 35 | 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

  • #681
  • Aug 7, 2010 7:09am Aug 7, 2010 7:09am
Quoting david486
hehe how did it play out precap? i got my 30+ everyone else make on this usd/chf?
When the market failed to hit thru my blue channel many times (you can refer to the chart I posted then), I closed with +7 and ran. I don't hold a trade after 3 attempts at a point.

PreCap2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #682
  • Aug 7, 2010 7:15am Aug 7, 2010 7:15am
Quoting Pinbar
David486

Nice simple system you have here, congratulations.
Is this also a system? I'm afraid now.
Don't like the word "SYSTEM"

PreCap2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #683
  • Aug 7, 2010 8:28am Aug 7, 2010 8:28am
I would say it is more of a method of determining high probability trades and nothing more than using s&r possible bounces or breakouts. Simple is better I like it. Always patient MR D.
Jesus my Lord
  • #684
  • Aug 7, 2010 8:41pm Aug 7, 2010 8:41pm
Quoting Pinbar
David486

Nice simple system you have here, congratulations.


You may find the Sweetspots Gold round number indicator I modified useful, to show where the third leg may have good support, without putting lines all over the screen.


The indicator puts Round numbers only on the right hand side of the screen.
Change the shift lines number to make the lines longer or shorter.

Hope you guys find this useful.
good man thanks for that!
  • #685
  • Edited 8:23am Aug 8, 2010 7:40am | Edited 8:23am
Quoting Pinbar
You mean the Round Number indicator?

No one else seems to have had this problem.


You have to download it, then drop it into the Experts/ Indicator folder of your MT4 then close it down and restart MT4 before you add it to your chart, as with all MT4 indicators.
Hi Pinbar , I see the indi in custum colum but wont open eeven after i close mt4 and reopen it . I compiled it and it shows an error (-) empty token . Any ideas for me please . Thanks in advance
  • #686
  • Aug 8, 2010 10:02am Aug 8, 2010 10:02am
Hi David and other contributers to this thread.

Thank you for sharing and a great spot to brush up the trading skills.

I just finished reading all posts from the begining and got most of my questions answered.

I'm excited to use the system in the coming week.

Thanks again and Happy trading to all.
  • #687
  • Aug 8, 2010 1:12pm Aug 8, 2010 1:12pm
Quoting john19r
yes they are right, i took them. decent trades
Thanks, John!
And what you did in the case where there were two opposite TLs nearby? You traded both with a smaller TP?
  • #688
  • Aug 8, 2010 8:21pm Aug 8, 2010 8:21pm
Quoting jedlanca
Thanks, John!
And what you did in the case where there were two opposite TLs nearby? You traded both with a smaller TP?
yes from memory i bought took tp, awaited trend reversal then sold and took tp.

how have you been going , have you been taking these trades?
  • #689
  • Aug 8, 2010 8:31pm Aug 8, 2010 8:31pm
Quoting Mr D.
... Simple is better I like it ...
I can't agree more. Clean chart for healthy eyes ...

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #690
  • Aug 8, 2010 10:53pm Aug 8, 2010 10:53pm
Quoting Froggy10
Hi thanks for that but it doesn't semm to open.. cheers
I had trouble with it also.
Try this one.
Attached File(s)
File Type: mq4 SweetSpotsGOLD LA 5.mq4   4 KB | 543 downloads
Our IMAGINATION is the true holy grail!
  • #691
  • Aug 8, 2010 11:51pm Aug 8, 2010 11:51pm
Quoting john19r
yes from memory i bought took tp, awaited trend reversal then sold and took tp.

how have you been going , have you been taking these trades?
I am new to the system, as till today I have taken bounces on TLs after I see candlesticks patterns on them. Those trades I posted were a group I found when analyzing the charts with my other strategies.

With David's system I have seen entries everywhere! There are lots of TLs in almost everypair; thus, I am not sure if all of them can be taken (but I suppose that they can).

Do you take all trades you see in all pairs?
  • #692
  • Aug 9, 2010 2:58am Aug 9, 2010 2:58am
guys as usual monday theres no trades, was thinking about taking a short setup by a trend from last week but thought would give it a miss. usually by wednesday should be some trades so keep checking here and the nnclient will be auto updated.
  • #693
  • Aug 9, 2010 3:00am Aug 9, 2010 3:00am
Quoting jedlanca
I am new to the system, as till today I have taken bounces on TLs after I see candlesticks patterns on them. Those trades I posted were a group I found when analyzing the charts with my other strategies.

With David's system I have seen entries everywhere! There are lots of TLs in almost everypair; thus, I am not sure if all of them can be taken (but I suppose that they can).

Do you take all trades you see in all pairs?
jed, yes have been testing more pairs with great success.
have been trading the following pairs with nn. gbp/jpy eur/jpy usd/cad usd/chf aus/usd and will be looking at adding usd/jpy
  • #694
  • Aug 9, 2010 3:24am Aug 9, 2010 3:24am
Thx David for the NNhost, will be watching out for trades & if I see anything, will try to post too
Low Risk Low Stress High Reward High Probability Trades
  • #695
  • Aug 9, 2010 7:32am Aug 9, 2010 7:32am
Quoting Leigh
I had trouble with it also.
Try this one.
Thanks for being there for us leigh . Works just fine .
  • #696
  • Edited 10:13am Aug 9, 2010 10:12am | Edited 10:13am
Hi David, first of all... thank you for the 4 hr TL method. I have post a UJ 4 hr TF chart and I have drawn two lines. Red and Yellow. Are this two lines valid? Sometimes, I can drew numbers of trandline within a 4hr tf, and I am not sure am I correct. How far will u look at the 4hr tf..e.g how many candles in total? Thanks david
  • #697
  • Aug 9, 2010 10:14am Aug 9, 2010 10:14am
Hi David, sorry forgot about the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 14 KB
  • #698
  • Aug 9, 2010 10:16am Aug 9, 2010 10:16am
Anybody else seeing this ,What do you think ?
Attached Image (click to enlarge)
Click to Enlarge Name: ucf.gif Size: 59 KB
  • #699
  • Aug 9, 2010 10:27am Aug 9, 2010 10:27am
USDCHF seems for me an excellent currency for H4 trading.

I trade USDCHF like this.


Attention: Monthly chart have enough place for going further down, why not till 0.9765?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF, H4, 2010 August 09.jpg Size: 710 KB
  • #700
  • Aug 9, 2010 10:36am Aug 9, 2010 10:36am
Quoting Forexcube
USDCHF seems for me an excellent currency for H4 trading.

I trade USDCHF like this.


Attention: Monthly chart have enough place for going further down, why not till 0.9765?
Thanks for the education . Your background is impressive .
0 traders viewing now