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Trendline Scalping 4hr timeframe

  • #1,201
  • Sep 17, 2010 3:06am Sep 17, 2010 3:06am
My nzdusd trade hit stoploss too. Today eurjpy and nzdusd both hit stoposs.
  • #1,202
  • Sep 17, 2010 3:17am Sep 17, 2010 3:17am
Quoting juzgood1978
My nzdusd trade hit stoploss too. Today eurjpy and nzdusd both hit stoposs.
EUR/JPY seems to be losing trend. reversal seems to be on...
  • #1,203
  • Sep 17, 2010 4:01am Sep 17, 2010 4:01am
My first trade with this system too had a negative with nz/usd. No beginners luck! Maybe i did something wrong.
Are the nn signals working for you all? I am not able to run the nn......After pressing the OK button no TL1 does not come.....help required to setup the nn. I did view the video 3 times though.
  • #1,204
  • Sep 17, 2010 4:17am Sep 17, 2010 4:17am
NN seems to be disconnected. its shows disconnected.
Does this triple tab has some rules we miss out? like under certain condition we are not suppose to enter trade..
  • #1,205
  • Sep 17, 2010 5:58am Sep 17, 2010 5:58am
We probably have to have a re-read of the complete thread and hope someone would step out to give a feed back. Also we may probably have to have a look at the previous charts discussed. Does this method has a 'no trading on Friday' as with some other strategies?
  • #1,206
  • Sep 17, 2010 7:13am Sep 17, 2010 7:13am
Quoting juzgood1978
OK... i found out some very important issues here..
I looked at 3 trades today.. eurusd, eurjpy, nzdusd and compared 3 brokers.
GIC -4 gmt, alpari, +2gmt, ibfx 0gmt and instaforex +3gmt.
All of them have different peaks and taps... the one with too early tab is -4gmt broker and the best is instaforex+3gmt. instaforex has all in profit with eurjpy, eurusd already took profit and nzdusd on the way.

Whereas GIC broker has the worst entry...
Instaforex has the best entry...
[b][color=red]Because of the GMT differences, the 4hourly candles has different...
Not sure what David using. Buy i am using IG markets. their margin requirements are werid......Thinking of changing a broker....
  • #1,207
  • Sep 17, 2010 7:45am Sep 17, 2010 7:45am
Quoting JGforex7780
Not sure what David using. Buy i am using IG markets. their margin requirements are werid......Thinking of changing a broker....
hello JGforex, david use fxdd. Good to get demo there for chart but trade with own broker. Is importent for H4 tradeing if u want to see same as others.
  • #1,208
  • Sep 17, 2010 8:01am Sep 17, 2010 8:01am
Quoting driftwood
hello JGforex, david use fxdd. Good to get demo there for chart but trade with own broker. Is importent for H4 tradeing if u want to see same as others.
Thanks driftwood, noted. But I am quite upset with the margin requirements in IG. May think of changing broker.
  • #1,209
  • Sep 17, 2010 8:14am Sep 17, 2010 8:14am
The USD/CAD looks to be making a 3rd touch on a long range trend from tops at August 31 and Sept 8.
  • #1,210
  • Sep 17, 2010 8:29am Sep 17, 2010 8:29am
Just entered GU long. It is trading perfect channel. Monthly, weekly, and daily are all long.
Attached Image (click to enlarge)
Click to Enlarge Name: gulong.gif Size: 14 KB
  • #1,211
  • Sep 17, 2010 8:39am Sep 17, 2010 8:39am
Quoting drvmarch
The USD/CAD looks to be making a 3rd touch on a long range trend from tops at August 31 and Sept 8.

You are forgetting a fundamental rule! Only trade the current week. It is really not important for the 3 tap system what previous weeks have done. You are making this far too complicated.
  • #1,212
  • Sep 17, 2010 8:39am Sep 17, 2010 8:39am
Quoting lawgirl21
Just entered GU long. It is trading perfect channel. Monthly, weekly, and daily are all long.
lawgirl21,

I agree this is a nice set up and just got in too. Thanks for sharing this. If you have time, could you give your take on the USDCAD? This looks good to me too.
  • #1,213
  • Sep 17, 2010 8:40am Sep 17, 2010 8:40am
I'm staying out today....too many mixed signals for me.
  • #1,214
  • Sep 17, 2010 8:41am Sep 17, 2010 8:41am
Quoting lawgirl21
Just entered GU long. It is trading perfect channel. Monthly, weekly, and daily are all long.

GU up 25 pips.
  • #1,215
  • Sep 17, 2010 8:47am Sep 17, 2010 8:47am
Thank you lawgirl for your chart and your posting indeed give a chance for newbie like me to think about an entry. In this instance I too had taken the trade with a small profit.
  • #1,216
  • Sep 17, 2010 8:47am Sep 17, 2010 8:47am
Quoting lawgirl21
You are forgetting a fundamental rule! Only trade the current week. It is really not important for the 3 tap system what previous weeks have done. You are making this far too complicated.
Thanks. I missed that in the rules. I'll keep it simpler. Thanks for your help and advice as I'm new to this system.
  • #1,217
  • Sep 17, 2010 8:53am Sep 17, 2010 8:53am
Quoting drvmarch
lawgirl21,

I agree this is a nice set up and just got in too. Thanks for sharing this. If you have time, could you give your take on the USDCAD? This looks good to me too.
USDCAD is range bound..meaning it does not know what it wants to do. Weekly trend is down, but daily trend is up which confirms indecision. I would stay out of it unless it breaks hard to one side or the other. Remember that we do not have much time to trade today.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadrange2.gif Size: 13 KB
  • #1,218
  • Sep 17, 2010 9:04am Sep 17, 2010 9:04am
Quoting drvmarch
Thanks. I missed that in the rules. I'll keep it simpler. Thanks for your help and advice as I'm new to this system.
No problem. We are all "always learning". Put the period serpators in your charts, it really helps.
  • #1,219
  • Sep 17, 2010 9:24am Sep 17, 2010 9:24am
hello lawgirl,

could you please tell me how do you determine weekly, daily, 4h trend direction. Could you post some example charts for us please?

I'm not seeing the same trend direction as you. Do you use any indicators which tells you the trend direction for weekly, daily and 4h or just by looking at the price? Please let me know.

thanks
viji
  • #1,220
  • Sep 17, 2010 9:26am Sep 17, 2010 9:26am
Quoting ks123
Thank you lawgirl for your chart and your posting indeed give a chance for newbie like me to think about an entry. In this instance I too had taken the trade with a small profit.
That's great! Small profits over and over again are what we are looking for.
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