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Trendline Scalping 4hr timeframe

  • #981
  • Sep 3, 2010 12:26pm Sep 3, 2010 12:26pm
guys, is this a valid set up? do you wait for a bullish candle to form before entering, or do you enter AS the candle forms?

secondly, do you still use 50 point sl/tp?
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  • #982
  • Sep 3, 2010 9:50pm Sep 3, 2010 9:50pm
Interesting how it drew the trendlines. The green came from the indicator. The yellow was my trendline. They both got the same result. Looks like the indicator is a triangle hunter.


Quoting bnbb2004
Thanks for your doc, D'liberators! It's very helpful! :-)

I thought I had an ABCD indy on my pc before, but I can't locate it. I did find this indy for trendlines. I hope it helps! For those experienced TL users/drawers, please let me know if this will suffice for drawing TL's.
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  • #983
  • Sep 4, 2010 4:51pm Sep 4, 2010 4:51pm
I'd love to get sms alerts.
  • #984
  • Sep 5, 2010 9:33am Sep 5, 2010 9:33am
hello,everyone. iam new to forex. i want to download the neural net. how to download? how do u decide to go whether to buy or sell after drawing trend line? i am sorry if this is basic question but i am very new to forex and found this system very interesting.
  • #985
  • Sep 5, 2010 11:45am Sep 5, 2010 11:45am
Did anyone catch all four of the GJ trades last week? It was very pretty. Basically taking the bounces off the channel (TL). Each one reached 50 pip TP. I only got in on the last one though.
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  • #986
  • Sep 5, 2010 11:59am Sep 5, 2010 11:59am
Quoting lawgirl21
I have read this entire thread and find it fascinating. The simplicity is refreshing (and I think very rewarding). I have entered several trades on demo and all have been successful. This is the latest...did anyone else enter this trade?
This is great, however, I always try to enter WITH the trend as unexpected news is easy to break the upside of the channel.

I think you will end up taking more losses on those going against the trend.
We are our own best indicator.
  • #987
  • Sep 5, 2010 6:09pm Sep 5, 2010 6:09pm
SMS, thank you please...
  • #988
  • Sep 6, 2010 6:14am Sep 6, 2010 6:14am
Hi
I know Steve'TheGenius'Hopwood have been working on an ea, however i came across this ea http://www.forexfactory.com/showthread.php?t=98061 that might be helpful with this strategy .. haven't had a chance to test as yet. hope this helps.
  • #989
  • Sep 6, 2010 2:25pm Sep 6, 2010 2:25pm
Quoting cugir321
I'd love to get sms alerts.
Me too...Can anyone help with this? TIA!
  • #990
  • Sep 6, 2010 5:01pm Sep 6, 2010 5:01pm
Quoting david486
nice work steve!

hey guys i need to know who is interested in sms alerts. i found a site which will let me send them for free(but with adds) who is interested and am i allowed to post the link to the site on this forum?
Count me in David.
The Kamakazi
  • #991
  • Sep 6, 2010 11:59pm Sep 6, 2010 11:59pm
i use bollinger and ema as trend line... anyone who use them?
  • #992
  • Sep 7, 2010 8:14am Sep 7, 2010 8:14am
Quoting david486
nice work steve!

hey guys i need to know who is interested in sms alerts. i found a site which will let me send them for free(but with adds) who is interested and am i allowed to post the link to the site on this forum?

- - - -

Count me in, David

Ed
  • #993
  • Sep 7, 2010 8:52am Sep 7, 2010 8:52am
GJ is forming another beautiful TL channel this week. Anyone following it?
  • #994
  • Sep 7, 2010 10:14am Sep 7, 2010 10:14am
Quoting coolshades
guys, is this a valid set up? do you wait for a bullish candle to form before entering, or do you enter AS the candle forms?

secondly, do you still use 50 point sl/tp?
Hi Coolshades, looking at your charts, if you put in "show period separators" on you charts, it would be easier to remember that we are only looking at the current week trendlines for trades. I know I love to look at the broader specturm too and the current week seems confining..but the current week only rule keeps us focused. My 2 pips worth.
  • #995
  • Sep 7, 2010 10:17am Sep 7, 2010 10:17am
Anyone in this trade?
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  • #996
  • Sep 7, 2010 11:18am Sep 7, 2010 11:18am
arent there more than 3 touches to that tl? i was under the impression that 2 touches were required, with entry on the 3rd touch.

Quoting lawgirl21
Anyone in this trade?
  • #997
  • Sep 7, 2010 12:27pm Sep 7, 2010 12:27pm
Quoting coolshades
arent there more than 3 touches to that tl? i was under the impression that 2 touches were required, with entry on the 3rd touch.

I entered on the third touch.
  • #998
  • Sep 7, 2010 12:47pm Sep 7, 2010 12:47pm
Quoting coolshades
arent there more than 3 touches to that tl? i was under the impression that 2 touches were required, with entry on the 3rd touch.
hello coolshades, i see like u but 2 candle before was very near line but not touch for me so i see lawgirl trade is good but i not take coz not see before now.

hello lawgirl, how many stop and profit do use on this pair plz? thx
  • #999
  • Sep 7, 2010 1:16pm Sep 7, 2010 1:16pm
Quoting driftwood
hello coolshades, i see like u but 2 candle before was very near line but not touch for me so i see lawgirl trade is good but i not take coz not see before now.

hello lawgirl, how many stop and profit do use on this pair plz? thx
I didn't put a SL in because I was watching the trade. TP of 50.
  • #1,000
  • Sep 7, 2010 3:30pm Sep 7, 2010 3:30pm
Quoting Edd Ganuelas
- - - -

Count me in, David

Ed
me 2
We are our own best indicator.
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