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Trendline Scalping 4hr timeframe

  • #921
  • Aug 31, 2010 8:03am Aug 31, 2010 8:03am
Quoting orion86
Thank you very much john19r !

I'm not sure about this too.

By the way, could you help me about Dave's NN? Why I did click ok but it always showed only USDJPY like this? Of course, I have checked it for almost 3 days long.

Thank you john19r, thank you !
well i spose it should say no trades though its still showing the usd/jpy trade from last thursday.
  • #922
  • Aug 31, 2010 8:05am Aug 31, 2010 8:05am
thanks john for the updates. i havnt had time to jump on the forums to post. thanks all that posted and have answered questions.
  • #923
  • Aug 31, 2010 9:14am Aug 31, 2010 9:14am
Quoting Ftafx
Do you mind teaching me what a real trendline is? The fact that i'm new to FF does not imply that i'm new to Fx trading..I've seen a lot of ego fueling on FF moreso by traders who should still be in the classroom studying the rudiments of fx trading....

Please lets learn to be humble and polite..you just might not know who is who on FF...its better to ask for explanation when you're not clear about anything posted rather than trying to prove you're a professor of Fx trading that knows all...

Ego tripping wont get you anywhere..it only shows...
I need to take some schooling on how to write stuff I guess, didn't mean it like that. I didn't feel like typing for hours to soften my words. It was just a comment.

BTW - check out the thread started by wmd on FF on price action
Tipster Trendlines - Trade from the chart
  • #924
  • Aug 31, 2010 10:12am Aug 31, 2010 10:12am
I am watching this pair right now. Could be a great trade.
Attached Image
  • #925
  • Aug 31, 2010 11:06am Aug 31, 2010 11:06am
Quoting fguru
I am watching this pair right now. Could be a great trade.
  • #926
  • Aug 31, 2010 12:36pm Aug 31, 2010 12:36pm
My view on this trade
Quoting fguru
I am watching this pair right now. Could be a great trade.
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy 31 08.jpg Size: 125 KB
  • #927
  • Aug 31, 2010 3:12pm Aug 31, 2010 3:12pm
Quoting Tipster
BTW - check out the thread started by wmd on FF on price action
Thanks - I've started to read thru the thread and good stuff so far.

Cheers
Low Risk Low Stress High Reward High Probability Trades
  • #928
  • Aug 31, 2010 6:22pm Aug 31, 2010 6:22pm
Quoting 919gilead
Thanks - I've started to read thru the thread and good stuff so far.

Cheers
Look at the attachments in the thread, there's a pdf that captures most of it.
I read it now and then.
Tipster Trendlines - Trade from the chart
  • #929
  • Aug 31, 2010 6:23pm Aug 31, 2010 6:23pm
Quoting ludo willems
My view on this trade
What's in the top right corner of your chart?
Tipster Trendlines - Trade from the chart
  • #930
  • Aug 31, 2010 7:53pm Aug 31, 2010 7:53pm
Hey guys,

Has anybody noticed this setup yet?
Attached Image (click to enlarge)
Click to Enlarge Name: jpy2.JPG Size: 43 KB
All that we are is the result of what we have thought.Buddha
  • #931
  • Aug 31, 2010 8:01pm Aug 31, 2010 8:01pm
Quoting orion86
Hey guys,

Has anybody noticed this setup yet?
Yes, me. But as you can see, the trendline has been broken already, so the setup is not valid anymore.
Attached Image
  • #932
  • Aug 31, 2010 8:06pm Aug 31, 2010 8:06pm
Quoting orion86
Hey guys,

Has anybody noticed this setup yet?
Hello,

It broke the trend drew from 2 legs.

How can we avoid this trap brothers?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: broke1.JPG Size: 42 KB
Click to Enlarge Name: broke2.JPG Size: 43 KB
All that we are is the result of what we have thought.Buddha
  • #933
  • Aug 31, 2010 8:08pm Aug 31, 2010 8:08pm
Quoting fguru
Yes, me. But as you can see, the trendline has been broken already, so the setup is not valid anymore.
That's the point fguru !

How can we determine it will bounce or break the trend?
All that we are is the result of what we have thought.Buddha
  • #934
  • Aug 31, 2010 8:13pm Aug 31, 2010 8:13pm
How about GBPJPY?

I'm still not figuring this out !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: broke4.JPG Size: 45 KB
Click to Enlarge Name: broke5.JPG Size: 44 KB
All that we are is the result of what we have thought.Buddha
  • #935
  • Aug 31, 2010 8:15pm Aug 31, 2010 8:15pm
Quoting orion86
That's the point fguru !

How can we determine it will bounce or break the trend?
Unfortunately thats the problem, we cant know whether price will break the trendline or bounce. I think if we knew, then we would be all millionaires, lol.

Sorry, I dont know the answer.
  • #936
  • Aug 31, 2010 8:22pm Aug 31, 2010 8:22pm
Quoting orion86
How about GBPJPY?

I'm still not figuring this out !
I think the trendline on GBP/JPY is too steep (same with USD/JPY), maybe there must be a bigger retrace.

Check out EUR/JPY, I think this could be a valid trade.
  • #937
  • Aug 31, 2010 8:25pm Aug 31, 2010 8:25pm
Quoting fguru
Unfortunately thats the problem, we cant know whether price will break the trendline or bounce. I think if we knew, then we would be all millionaires, lol.

Sorry, I dont know the answer.
You're so funny fguru.

I think we should wait for the next candle to become a bounce-candle in 15m timeframe.

You said that as if we had gambled with the ratio of 50/50...
All that we are is the result of what we have thought.Buddha
  • #938
  • Aug 31, 2010 8:34pm Aug 31, 2010 8:34pm
I took the EUR/JPY trade, because it was a bounce from the trendline and a pullback from the 13 EMA.

If you check now USD/JPY then you will see it just pulled back from the 13 EMA.
Attached Image
  • #939
  • Aug 31, 2010 8:46pm Aug 31, 2010 8:46pm
Quoting fguru
I took the EUR/JPY trade, because it was a bounce from the trendline and a pullback from the 13 EMA.

If you check now USD/JPY then you will see it just pulled back from the 13 EMA.
It does not hit EMA 13 in my platform. That means you should open a trade and I dont?

Uhmm... I have many questions which need their answers.
All that we are is the result of what we have thought.Buddha
  • #940
  • Aug 31, 2010 8:53pm Aug 31, 2010 8:53pm
Hm, different brokers have different data feed. Can you show me your chart with the 13 EMA on it?

However this system doesnt use any moving averages, it is just me using the 13 EMA, as I have made better experiences with trendlines + 13 EMA.
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