My way of trading by Using trend line , BL line & febo level | Forex Factory

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Attachments: My way of trading by Using trend line , BL line & febo level
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My way of trading by Using trend line , BL line & febo level

  • #1
  • First Post: Edited Sep 26, 2010 3:36am Sep 25, 2010 10:43am | Edited Sep 26, 2010 3:36am
Hello trader



After long time monitor price action for different pair especially when price broke trend line some time retest trend line some time price pullback in side trend which called false broken and some time retest some hidden level which I named Broken line BL
Every one know trend line and most of you knowing febo retracement level but what is BL
And also whats link between BL and Febo level this the new Thread of greenius 1st does this system worked great I can say it’s 80% to70 % profitable and I you will discover it by your self


greenius



http://fx-arabia.com/vb/uploaded/964_11284888955.png
GREENIUS
  • #2
  • Sep 25, 2010 11:02am Sep 25, 2010 11:02am
Price moved between Peak and valley by my method we can find best position with max pip target



http://fx-arabia.com/vb/uploaded/964_11284889713.png
GREENIUS
  • #3
  • Sep 25, 2010 11:04am Sep 25, 2010 11:04am
http://fx-arabia.com/vb/uploaded/964_11284889993.png
GREENIUS
  • #4
  • Sep 25, 2010 4:39pm Sep 25, 2010 4:39pm
hmmm, interesting concept this BL is. Thanks.
  • #5
  • Sep 26, 2010 12:50am Sep 26, 2010 12:50am
BL line consider strong s/R see chart

http://fx-arabia.com/vb/uploaded/964_11284890340.png
GREENIUS
  • #6
  • Sep 26, 2010 12:51am Sep 26, 2010 12:51am
http://fx-arabia.com/vb/uploaded/964_01284890782.png
GREENIUS
  • #7
  • Sep 26, 2010 12:57am Sep 26, 2010 12:57am
in this Ex to see how to get in market with using BL after price broke trend line you will know level of BL

from BL i will waie price to come to me and i will setup buylimit order near to BL Line

http://fx-arabia.com/vb/uploaded/964_11284718889.png
GREENIUS
  • #8
  • Sep 26, 2010 3:11am Sep 26, 2010 3:11am
Quoting greenius
in this Ex to see how to get in market with using BL after price broke trend line you will know level of BL

from BL i will waie price to come to me and i will setup buylimit order near to BL Line

http://fx-arabia.com/vb/uploaded/964_11284718889.png

the price retest the blue zone with BL and goes up



http://fx-arabia.com/vb/uploaded/964_11284962608.png
GREENIUS
  • #9
  • Sep 26, 2010 3:17am Sep 26, 2010 3:17am
ex

http://fx-arabia.com/vb/uploaded/964_11284970469.png
GREENIUS
  • #10
  • Sep 26, 2010 3:17am Sep 26, 2010 3:17am
http://fx-arabia.com/vb/uploaded/964_11285009014.png
GREENIUS
  • #11
  • Sep 26, 2010 3:29am Sep 26, 2010 3:29am
in 1st week of aug i had short position with 30 pip sl ant three target 50 , 150 & 250 pip as per FE level
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 9.png Size: 35 KB
GREENIUS
  • #12
  • Sep 26, 2010 3:35am Sep 26, 2010 3:35am
the system it's easy to used simple and strong please try it in demo and do visual back test
GREENIUS
  • #13
  • Sep 26, 2010 3:46am Sep 26, 2010 3:46am
Accurate method to trade really
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 10.png Size: 19 KB
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Click to Enlarge Name: 13.png Size: 22 KB
GREENIUS
  • #14
  • Sep 26, 2010 3:49am Sep 26, 2010 3:49am
please if u have any comment or quastion please asked now since next part it is more Complicated and advance also
GREENIUS
  • #15
  • Sep 26, 2010 3:52am Sep 26, 2010 3:52am
Quoting greenius
in 1st week of aug i had short position with 30 pip sl ant three target 50 , 150 & 250 pip as per FE level
Hi

In this example:

Where have you placed your stop, that is at what level?

Do you use 1hr or 4hr TF for the trades?

In the area of retracement to your BL, do you wait for any PA to enter the trade or do you set a pending order on touch of the BL?
Regards
  • #16
  • Sep 26, 2010 4:03am Sep 26, 2010 4:03am
Quoting howard
Hi

In this example:

Where have you placed your stop, that is at what level?

Do you use 1hr or 4hr TF for the trades?

In the area of retracement to your BL, do you wait for any PA to enter the trade or do you set a pending order on touch of the BL?
my sl level was 13315 and could used statinf from 1h up to daily but i recommend to used 1H TF
GREENIUS
  • #17
  • Sep 26, 2010 4:11am Sep 26, 2010 4:11am
Quoting greenius
my sl level was 13315 and could used statinf from 1h up to daily but i recommend to used 1H TF

For the targets you are using FE levels, how do you determine the level of your stop? Based on fib levels or any other criteria?

That is what I meant by my previous question not the actual figure of the stop.
Regards
  • #18
  • Sep 26, 2010 5:13am Sep 26, 2010 5:13am
ya u can used s & r or fe level or easy way just keep 1st 20 2nd 50 3rd 2time SL level
GREENIUS
  • #19
  • Sep 26, 2010 11:50am Sep 26, 2010 11:50am
http://fx-arabia.com/vb/uploaded/964_11285526964.png
GREENIUS
  • #20
  • Sep 26, 2010 11:59am Sep 26, 2010 11:59am
http://fx-arabia.com/vb/uploaded/964_11285527533.png
GREENIUS
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