Trendline Scalping 4hr timeframe | Page 66 | 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

  • #1,301
  • Sep 20, 2010 4:33am Sep 20, 2010 4:33am
Quoting cugir321
I can't figure out your trades from the chart....
Hi Cugir321,

Thanks for your advice to include TDI...
On which time frame do you wait for the cross of green over red line? Are you using TF 1 hr other TF for this confirmation?

Thanks in advance....
  • #1,302
  • Sep 20, 2010 6:30am Sep 20, 2010 6:30am
Quoting reindeer
Hi Cugir321,

Thanks for your advice to include TDI...
On which time frame do you wait for the cross of green over red line? Are you using TF 1 hr other TF for this confirmation?

Thanks in advance....
I like the 1 hr (and less sometimes 15min) for entry but I monitor the 4 hr. They have to show pretty much the same thing except the 4hr will be a bit behind.

I don't want to hijack the thread but I've found the system becomes almost bullet proof with these things.
  • #1,303
  • Sep 20, 2010 7:20am Sep 20, 2010 7:20am
Hi Cugirl,
have pm you on the audjpy setup to check thanks
  • #1,304
  • Sep 20, 2010 9:34am Sep 20, 2010 9:34am
Anyone in this trade?
Attached Image (click to enlarge)
Click to Enlarge Name: monday1.gif Size: 13 KB
  • #1,305
  • Sep 20, 2010 10:00am Sep 20, 2010 10:00am
Quoting lawgirl21
Anyone in this trade?
lawgirl21,

Not in the AJ but did take the NZDUSD in both directions based on the recent posts and worked out well. Can I ask why you are in at this point since your buy is not at a touch point from the lines drawn (maybe you have other steeper lines)? Or maybe you took it when the RSI turned favorable. It looks to be working out well.

I continue to learn from the successful folks here. Thanks.

Dave
  • #1,306
  • Sep 20, 2010 10:12am Sep 20, 2010 10:12am
Quoting drvmarch
lawgirl21,

Not in the AJ but did take the NZDUSD in both directions based on the recent posts and worked out well. Can I ask why you are in at this point since your buy is not at a touch point from the lines drawn (maybe you have other steeper lines)? Or maybe you took it when the RSI turned favorable. It looks to be working out well.

I continue to learn from the successful folks here. Thanks.

Dave
I took that trade last night as a channel trade, but it did have 3 taps when I took it. I am out of it now with +38 pips.

I also took the NZDUSD trade long last night because of the triangle. Out of it now with +20 pips.

Both of those trades were "3 touch/tap" trades, but within a certain formation: channel for one, triangle for the other. Channel is one of my favorite ways to trade...bounce to one line, then the other..up and down or down and up..sometimes for days.
  • #1,307
  • Sep 20, 2010 10:16am Sep 20, 2010 10:16am
This is the other trade I took last night and am now out with +32 pips. Wish I had stayed in longer. This was a range bound trade that could not break through the resistence area (blue line). We have been talking about this pair and setup since last Friday.
Attached Image (click to enlarge)
Click to Enlarge Name: monday2.gif Size: 12 KB
  • #1,308
  • Edited 11:01am Sep 20, 2010 10:48am | Edited 11:01am
Took a little off nzd/usd this morning. My problem is I have to use a cell phone at work....it's hard to go thru the pairs and draw the lines. Anything close to a third tap that you folks can see? Thanks in advance!

We should start a thread....call it "Almost 3rd tap". Post just the ones within like 30 pips of hitting a third time.
  • #1,309
  • Sep 20, 2010 11:16am Sep 20, 2010 11:16am
Quoting cugir321
I like the 1 hr (and less sometimes 15min) for entry but I monitor the 4 hr. They have to show pretty much the same thing except the 4hr will be a bit behind.

I don't want to hijack the thread but I've found the system becomes almost bullet proof with these things.

Thanks... really appreciate it...
  • #1,310
  • Sep 20, 2010 12:12pm Sep 20, 2010 12:12pm
Quoting cugir321
Took a little off nzd/usd this morning. My problem is I have to use a cell phone at work....it's hard to go thru the pairs and draw the lines. Anything close to a third tap that you folks can see? Thanks in advance!

We should start a thread....call it "Almost 3rd tap". Post just the ones within like 30 pips of hitting a third time.
Do you actually count pips away from the lines? I don't.

Look at USDCHF for potential long trade. Triangle formed. PA hit TL at least 3 times. COUNTERTREND trade though, so extra care should be given.
Attached Image (click to enlarge)
Click to Enlarge Name: monday1.gif Size: 16 KB
  • #1,311
  • Sep 20, 2010 12:49pm Sep 20, 2010 12:49pm
I do when I'm waiting for the third tap and I'm trying to share the info with you guys...a heads up coming.....that post was about sharing the info online.

I've been watching US/CAd...doesn't want to hit the bottom line of the triangle.

U/cad looks like u/chf.......nothing is bending up enough for me to enter.

thanks for the heads up.

Quoting lawgirl21
Do you actually count pips away from the lines? I don't.

Look at USDCHF for potential long trade. Triangle formed. PA hit TL at least 3 times. COUNTERTREND trade though, so extra care should be given.
  • #1,312
  • Sep 20, 2010 1:06pm Sep 20, 2010 1:06pm
Quoting cugir321
I do when I'm waiting for the third tap and I'm trying to share the info with you guys...a heads up coming.....that post was about sharing the info online.

I've been watching US/CAd...doesn't want to hit the bottom line of the triangle.

U/cad looks like u/chf.......nothing is bending up enough for me to enter.

thanks for the heads up.
I'm sending you a PM.
  • #1,313
  • Sep 20, 2010 5:35pm Sep 20, 2010 5:35pm
Go here for potential trades. Post anything you see that looks good!!!


http://www.forexfactory.com/showthre...72#post4035372

I'm going to try to give a good warning on the trades I see so people have 1-3 hours notice. May not be able to but will try.
  • #1,314
  • Sep 20, 2010 6:19pm Sep 20, 2010 6:19pm
thanks....I may take that nzd/usd trade...what do you think of the rsi??? seems to be pointing down
  • #1,315
  • Sep 20, 2010 6:45pm Sep 20, 2010 6:45pm
I may take usd/jpy....

I'm looking at other indicators.
  • #1,316
  • Sep 20, 2010 6:54pm Sep 20, 2010 6:54pm
Took USD/SGD at 1.3338...things are bending down a bit on the lower TF's. Plus the overall trend is down on the 4, d, w...

The triangle bottom is about 20 pips down...I'll take about 10 pips if it is so kind to give them.
  • #1,317
  • Sep 22, 2010 4:27am Sep 22, 2010 4:27am
apologies everyone i have been travelling without the internet. my server was offline in this peroid. im putting it back up as of now. apologies.
  • #1,318
  • Sep 22, 2010 4:43am Sep 22, 2010 4:43am
I am sure along with me many others would be mising your posts.
Am trying to follow this strategy since the past one week. So the the breakdown of the server is the reason for the NN not working.....
  • #1,319
  • Sep 22, 2010 6:39am Sep 22, 2010 6:39am
Can you hook me up to on your strategy? I am trying to choose between different methods but all so far seem not to work!
  • #1,320
  • Sep 22, 2010 10:00am Sep 22, 2010 10:00am
Quoting pipola
Can you hook me up to on your strategy? I am trying to choose between different methods but all so far seem not to work!
This strategy is about as clearly presented, and as simple, as they come. A good start would be to start reading at Page one, post one and then continue. Then, if you have specific suggestion, you should find people here more than helpful.
2 traders viewing now