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Trendline Scalping 4hr timeframe

  • #1,081
  • Sep 13, 2010 6:56pm Sep 13, 2010 6:56pm
Quoting SteveHopwood
Examine this statement.

By whom would the intervention be made?

Who says it will be made?

Why should it be made?

If it is made, will it make any difference?

Need I go on?

Why should the markets care whom is the PM of Japan? Dem markets dey go up, den dey go down, den dey go up again...........................

We have been having a laugh at this sort of guff in Bob's thread. Stay out of the market if you do not want to be in it, but not because some dipstick says something that has no backup factual information....
hello SteveHopwood, i copied all line but is enouf for me simply that there is election today to help me stay away from jpy.
  • #1,082
  • Edited 7:49pm Sep 13, 2010 7:21pm | Edited 7:49pm
E/J - Notice the two big twin peaks.....draw a line down from the second one to the tops of the 4th peak from the end and the second from the end. A nice triple tap going down. Also, a nice cross on the 4hr thingy I sent you. Three bops and a r/g 4 hr cross....the ultimate.

QUOTE=lawgirl21;4018896]Another Setup?[/quote]
  • #1,083
  • Sep 13, 2010 8:17pm Sep 13, 2010 8:17pm
Quoting SteveHopwood
Examine this statement.

By whom would the intervention be made?

Who says it will be made?

Why should it be made?

If it is made, will it make any difference?

Need I go on?

Why should the markets care whom is the PM of Japan? Dem markets dey go up, den dey go down, den dey go up again...........................

We have been having a laugh at this sort of guff in Bob's thread. Stay out of the market if you do not want to be in it, but not because some dipstick says something that has no backup factual information....
Jeez....I love you for that!
  • #1,084
  • Sep 13, 2010 8:42pm Sep 13, 2010 8:42pm
It doesn't get much better then tonight!!! E/U, E/J
  • #1,085
  • Sep 13, 2010 9:30pm Sep 13, 2010 9:30pm
sorry but how do i use L1 or L2? whichever come first i enter trade?
  • #1,086
  • Sep 13, 2010 9:30pm Sep 13, 2010 9:30pm
Quoting cugir321
It doesn't get much better then tonight!!! E/U, E/J
More than reached my goal.
  • #1,087
  • Sep 13, 2010 10:49pm Sep 13, 2010 10:49pm
Anyone watching this?
Attached Image (click to enlarge)
Click to Enlarge Name: gux.gif Size: 13 KB
  • #1,088
  • Sep 13, 2010 11:07pm Sep 13, 2010 11:07pm
Hi Lawgirl21,

Quite new to Forex. i was reading the thread. For this GBP/USD, how does it work??
  • #1,089
  • Sep 14, 2010 1:48am Sep 14, 2010 1:48am
Quoting lawgirl21
Anyone watching this?
hey lawgirl this trade would be invalid due to the trend trending down
  • #1,090
  • Sep 14, 2010 1:54am Sep 14, 2010 1:54am
guys new eur/jpy short check nn for details
  • #1,091
  • Sep 14, 2010 2:23am Sep 14, 2010 2:23am
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?
Hi David,
I was away from the thread for a while, I'm interested in SMS alert, could you please add me to the list?
Thanks,
Dotmag
  • #1,092
  • Sep 14, 2010 2:46am Sep 14, 2010 2:46am
Quoting david486
guys new eur/jpy short check nn for details
Hi David,

Can you guide me on how we can use trendine to determine an entry point
  • #1,093
  • Sep 14, 2010 3:44am Sep 14, 2010 3:44am
Hi David i am interested too recieving sms. also can i know what is Leg1 and Leg2 ?
Quoting DotMag
Hi David,
I was away from the thread for a while, I'm interested in SMS alert, could you please add me to the list?
Thanks,
Dotmag
  • #1,094
  • Sep 14, 2010 3:51am Sep 14, 2010 3:51am
Quoting juzgood1978
Hi David i am interested too recieving sms. also can i know what is Leg1 and Leg2 ?
hello juzgood, Leg 1 and Leg 2 are 1st and 2nd touch already happened. Draw TL from L1 price to L2 price and david trade when price touch that line 3rd time. Hope that helps you.
  • #1,095
  • Sep 14, 2010 4:54am Sep 14, 2010 4:54am
OH thanks.. so we are suppose to trade on the 3rd touch?
Quoting driftwood
hello juzgood, Leg 1 and Leg 2 are 1st and 2nd touch already happened. Draw TL from L1 price to L2 price and david trade when price touch that line 3rd time. Hope that helps you.
  • #1,096
  • Sep 14, 2010 8:30am Sep 14, 2010 8:30am
Still in the trade...
Attached Image (click to enlarge)
Click to Enlarge Name: guxx.gif Size: 15 KB
  • #1,097
  • Sep 14, 2010 8:57am Sep 14, 2010 8:57am
Quoting lawgirl21
Still in the trade...
Out with +48 pips.
  • #1,098
  • Sep 14, 2010 9:01am Sep 14, 2010 9:01am
Hi,
Just to confirm the techinique of using this method. we draw a TL and when the candlestick touches the third time we enter the trade??

But how we determine the exit point.
  • #1,099
  • Sep 14, 2010 9:10am Sep 14, 2010 9:10am
Quoting JGforex7780
Hi,
Just to confirm the techinique of using this method. we draw a TL and when the candlestick touches the third time we enter the trade??

But how we determine the exit point.
Fundamentally, yes. Although there are nuances.

Dave uses 50 for SL and TP. I use support/resistence levels.
  • #1,100
  • Sep 14, 2010 9:24am Sep 14, 2010 9:24am
Quoting lawgirl21
Fundamentally, yes. Although there are nuances.

Dave uses 50 for SL and TP. I use support/resistence levels.
Hi Lawgirl,

Thanks. But i should only enter the trade when its just started or even during the candlestick???
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