Trendline Scalping 4hr timeframe | Page 57 | 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

  • #1,121
  • Sep 15, 2010 9:34am Sep 15, 2010 9:34am
Quoting lawgirl21
Exactly, if I can..meaning if I can get to the computer. I have a full time job, but am self employed so that helps.

I have 6 regular pairs that I watch. I try to scan them at 10, 2, and 6 a.m. and/or p.m. Obviously I miss the 2:00 a.m. scanning most of the time. Often I am late for a trade i.e. I don't get there at the third touch on a new H4 candle. I then have to decide to take the trade anyway or not. That last trade I posted, I was very late on, but took it anyway because I thought it had a lot more ride to it. It did, I was lucky. Hope...
So you set certain intervals for looking out for trends? I looking at about 4 pairs, dun seem to have any trend currently.
  • #1,122
  • Sep 15, 2010 9:41am Sep 15, 2010 9:41am
Hi, possible trade setup?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4150910.png Size: 44 KB
  • #1,123
  • Sep 15, 2010 9:49am Sep 15, 2010 9:49am
Quoting lawgirl21
Out with +45 pips. Could have stayed in longer for over 100 pips, but got tired of watching.
Look at this chart now...up over 400 pips!
Attached Image (click to enlarge)
Click to Enlarge Name: ejxxxx.gif Size: 11 KB
  • #1,124
  • Sep 15, 2010 10:52am Sep 15, 2010 10:52am
which 6 pairs if i can ask?

Quoting lawgirl21
Look at this chart now...up over 400 pips!
  • #1,125
  • Sep 15, 2010 11:02am Sep 15, 2010 11:02am
Quoting coolshades
which 6 pairs if i can ask?
EU, GU, EJ, UCHF, GJ and NZDUSD..but I really don't think it matters which pairs you pick. I will look at other pairs if someone points out that something is happening on them. My limit to 6 pairs is completely arbitrary..becuase I can't analyse and "control" more than that.
  • #1,126
  • Sep 15, 2010 12:08pm Sep 15, 2010 12:08pm
Maybe you should tell my expanding bank account.

Quoting orion86
Hi lawgirl21,

I dont think this one is a valid setup. The first and second leg are very close to each other as Mr. Dave said from the first pages of this thread.
  • #1,127
  • Sep 15, 2010 1:00pm Sep 15, 2010 1:00pm
Quoting JGforex7780
Hi, possible trade setup?
your period separators, your chart would be easier to analyze. The separators also help to keep focus.

This was a winning trend, but, IMHO is now too late to enter. I have been watching it too, but missed it. I personally would not enter it now, although it may go up a 100 or more pips further.
  • #1,128
  • Sep 15, 2010 1:07pm Sep 15, 2010 1:07pm
Quoting JGforex7780
So you set certain intervals for looking out for trends? I looking at about 4 pairs, dun seem to have any trend currently.
10, 2 and 6:00 am/pm is my local time on my particular platform at which the H4 candles are formed i.e. a new candle starts at 10:00, a new candle starts at 2:00, a new candle starts at 6:00...ad nauseam. Everyone should know the times of formation of new H4 candles for their time zone, on their particular platforms.
  • #1,129
  • Sep 15, 2010 1:26pm Sep 15, 2010 1:26pm
Lovely channel. I'm looking to go short if PA continues down. This would be a counter trend trade and more risky, but if it continues down and taps the bottom line, it will be a 3rd tap for a move up again.
Attached Image (click to enlarge)
Click to Enlarge Name: guwed.gif Size: 19 KB
  • #1,130
  • Edited 8:32pm Sep 15, 2010 8:20pm | Edited 8:32pm
Did you get in to E/G lawgirl. Took a quick 16. Had 20 but it jumped like a frog backwards. It will probably drop another 20 or so....hummm...maybe not...just broke trend line. My white teeth are showing!!!

83.5% win ratio so far this week....10 wins...2 losses. Funny to say but, I should have had 1 more win....made a mistake! Way up in pips.
  • #1,131
  • Sep 15, 2010 8:52pm Sep 15, 2010 8:52pm
Quoting cugir321
Did you get in to E/G lawgirl. Took a quick 16. Had 20 but it jumped like a frog backwards. It will probably drop another 20 or so....hummm...maybe not...just broke trend line. My white teeth are showing!!!

83.5% win ratio so far this week....10 wins...2 losses. Funny to say but, I should have had 1 more win....made a mistake! Way up in pips.
are you just trading this method?
  • #1,132
  • Sep 15, 2010 10:19pm Sep 15, 2010 10:19pm
Quoting cugir321
Did you get in to E/G lawgirl. Took a quick 16. Had 20 but it jumped like a frog backwards. It will probably drop another 20 or so....hummm...maybe not...just broke trend line. My white teeth are showing!!!

83.5% win ratio so far this week....10 wins...2 losses. Funny to say but, I should have had 1 more win....made a mistake! Way up in pips.

No I didn't. Went to dinner with my family and missed it. What are you looking at now?
  • #1,133
  • Sep 15, 2010 10:20pm Sep 15, 2010 10:20pm
Yes...I've dropped everything else.


Quoting john19r
are you just trading this method?
  • #1,134
  • Sep 15, 2010 10:23pm Sep 15, 2010 10:23pm
Went in late a little bit ago and took 10 pips off E/J. I've pretty much made my goal for today. I'm relaxing. I'll let you know if I spot something.

Quoting lawgirl21
No I didn't. Went to dinner with my family and missed it. What are you looking at now?
  • #1,135
  • Sep 15, 2010 10:25pm Sep 15, 2010 10:25pm
Is this trade valid, seems so.. feel like taking it if it touches the 3rd time
Quoting lawgirl21
Lovely channel. I'm looking to go short if PA continues down. This would be a counter trend trade and more risky, but if it continues down and taps the bottom line, it will be a 3rd tap for a move up again.
  • #1,136
  • Sep 15, 2010 10:29pm Sep 15, 2010 10:29pm
Quoting juzgood1978
Is this trade valid, seems so.. feel like taking it if it touches the 3rd time
I am in it. Try it on demo first and move to live if there is movement. It has been slow in moving down.
  • #1,137
  • Sep 15, 2010 10:33pm Sep 15, 2010 10:33pm
Hi Cugirl,
this method seems to be working great for you. any idea what pairs should i run and hows your equity like since you use this method?
Quoting cugir321
Did you get in to E/G lawgirl. Took a quick 16. Had 20 but it jumped like a frog backwards. It will probably drop another 20 or so....hummm...maybe not...just broke trend line. My white teeth are showing!!!

83.5% win ratio so far this week....10 wins...2 losses. Funny to say but, I should have had 1 more win....made a mistake! Way up in pips.
  • #1,138
  • Sep 15, 2010 10:34pm Sep 15, 2010 10:34pm
thanks do we trade only when it touches or anyone trades it moving down to touch it then trade again when it touches?
Quoting lawgirl21
I am in it. Try it on demo first and move to live if there is movement. It has been slow in moving down.
  • #1,139
  • Sep 15, 2010 10:48pm Sep 15, 2010 10:48pm
It works on all pairs. You may have to adjust for some because they don't move as much. I don't take a set 50 pip TP so you'll have to make your own way with that. Use the 50 pip TP if you're not comfortable with anything else. You can use the EA's if they work with your broker.

Use the 1-3% thing.

This system works. Hear me....it works!!! Hear me...it works! Trust it, follow the rules and do it on a demo until you can say....it works. You can expand a bit on the trades after you are comfortable with it.

Quoting juzgood1978
Hi Cugirl,
this method seems to be working great for you. any idea what pairs should i run and hows your equity like since you use this method?
  • #1,140
  • Sep 15, 2010 10:53pm Sep 15, 2010 10:53pm
....make sure it touches. Try to catch it right when it touches or use the EA's. You can be a little more liberal on entry after the touch but you want a touch.
Quoting juzgood1978
thanks do we trade only when it touches or anyone trades it moving down to touch it then trade again when it touches?
0 traders viewing now