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Attachments: Trendline Break (The Only System You Need)
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Trendline Break (The Only System You Need)

  • #241
  • Oct 1, 2010 4:19am Oct 1, 2010 4:19am
Now waiting for a possible retracement short entry on the GBPUSD H1
Attached Image (click to enlarge)
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  • #242
  • Oct 1, 2010 5:51am Oct 1, 2010 5:51am
Very very interesting strategy!
  • #243
  • Oct 1, 2010 6:45am Oct 1, 2010 6:45am
Quoting Kinko
Now waiting for a possible retracement short entry on the GBPUSD H1
I entered on the M1 and moved my stoploss 8 pips in the positive and was taken out by the market.
Attached Image (click to enlarge)
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  • #244
  • Oct 13, 2010 10:13pm Oct 13, 2010 10:13pm
one beautiful TL BREAK OUT in GU. I draw this TL YESTERDAY for the shorting purpose and at the time of us market it just breached the tl and asia
moved it up
Attached Image (click to enlarge)
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  • #245
  • Edited 10:38pm Oct 13, 2010 10:18pm | Edited 10:38pm
Gu may be will break or move back...

GBPUSD broke above 1.5997 previous high resistance, suggesting that the uptrend from 1.4230 has resumed. Further rise is still possible next week and next target would be at 1.6200-1.6300 area. Support is at 1.5665, only break below this level would indicate that the rise from 1.5296 has completed, then another fall to 1.5200 area could be seen.

For long term analysis, GBPUSD is in uptrend from 1.4230. Rise to 1.8000 area to reach next cycle top on weekly chart is expected in next several months
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  • #246
  • Oct 13, 2010 10:38pm Oct 13, 2010 10:38pm
EU moved up in the trend line till the close of uk session breached during us
and doubled bottom created and asia picked it up. kind of tricky one for who were in the short side
Attached Image (click to enlarge)
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  • #247
  • Oct 14, 2010 2:35am Oct 14, 2010 2:35am
GJ chart H 1 LOOKING for possible break out
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 18 KB
  • #248
  • Oct 14, 2010 3:32am Oct 14, 2010 3:32am
Quoting Jhig
[font=Tahoma]
People, seriously! This trading method is one of the easiest trading method ever implemented and it seems everyone is making this more complicated than it has to be. Everyone is looking for this guaranteed profit-making system and I'm sorry, there isn't such a strategy; trading system. The market is based on a huge phletora of unknowns and what makes of a good trader is the ability to manage Risk and choose to trade in the right direction of the market at lease 60+ percent of the time; that's where this system comes into play.

As...
i agreed, as what i experienced, most of methods works, it is our emotions which we should blame for losses. either a early entry or early exit ruins the results.whatever trading method you are using believe in it after testing it on demo account. if it works for two months. then sure it will work third month on real account.
  • #249
  • Oct 15, 2010 4:15am Oct 15, 2010 4:15am
Would this be a valid entry?
  • #250
  • Oct 16, 2010 11:34pm Oct 16, 2010 11:34pm
The problem of humanity is that man has a tendency to make things complicated... and has no time to see the simple. In the nature, everything is designed to work effortlessly.
  • #251
  • Oct 18, 2010 11:10am Oct 18, 2010 11:10am
After reading very good info, i want to give you an indicator to help you to alert when a Break out occurs...

Thanks Jhig
Attached File(s)
File Type: mq4 TL DOWN - BO alert - AP - V3.mq4   5 KB | 3,149 downloads
File Type: mq4 TL UP - BO alert - AP - V3.mq4   5 KB | 2,954 downloads
Patience is essential
  • #252
  • Oct 20, 2010 5:08pm Oct 20, 2010 5:08pm
What happened guys.....is everybody gone???
Patience is essential
  • #253
  • Oct 20, 2010 8:16pm Oct 20, 2010 8:16pm
I am arround
  • #254
  • Oct 21, 2010 7:52am Oct 21, 2010 7:52am
This is a good thread and it deserves attention. I trade using the same principles. Trend lines are the most powerful 'indicator' I have come across.
  • #255
  • Oct 21, 2010 11:37pm Oct 21, 2010 11:37pm
Two of my EU trade yesterday one long for 80 pip and ond short for 50 pip
I saved the picture at the time of entry

check it out
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 30 KB
Click to Enlarge Name: eu1.gif Size: 30 KB
  • #256
  • Nov 9, 2010 9:40am Nov 9, 2010 9:40am
Here's how the Euro looked for me today. I took the first entry on my live account and observed the second. I use pivot points to inform exits.

The first is a break above the trend line in the morning which I entered long on the retrace. First target was MS1 and second was the daily pivot. The second entry could have been taken around US open, targeting the Daily pivot, or the fib retrace of the morning's rally.

Good for maybe, 70 - 80 pips between them and stop losses can be tight on this time frame.

Looks like a head and shoulders, doesn't it? Good targets on the short side would be the 50% & 61.8% fibs.

http://i288.photobucket.com/albums/l...f?t=1289316956
  • #257
  • Nov 9, 2010 11:00am Nov 9, 2010 11:00am
Hi Jhig,
I noticed your system states 'strong trend'. Can you share why this criteria for your system? Eg, what if a weak trendline is used? The possible impact, or its advt/disadvts??


The System
***The general dynamics of this system stays the same. ***
1) Find the upwards trend,
2) Apply the trendline,
3) Price Action breaks downwards through the trendline
Our first step is to locate a strong upwards trend. Apply a trendline to help visually spot out that trend and to use as an "barrier" for Price Action. Now we wait for Price Action to breakthrough the trendline and head downwards, in which a SELL order may now be entered. The chart below is an example of a trade setup we are looking for.
  • #258
  • Nov 19, 2010 10:44am Nov 19, 2010 10:44am
Hello

Just discovered this thread and plan to give it a good thorough read....but I am just about to get onto a plan for a weeks vacation where there is no internet but lots of sun.

Do you folks place pending orders for trend line breaks?

I find that there can be false break outs and I would like to be around to close a losing trade......but then on the other hand lots of break outs happen when I am not there staring at the screen.....so pending orders seems to be the way to go.

Anyways.....I do hope that this thread continues and people post lots of examples.....so i can read it when I return.

PGPB
  • #259
  • Nov 19, 2010 10:54am Nov 19, 2010 10:54am
Quoting pgpb
Hello

Just discovered this thread and plan to give it a good thorough read....but I am just about to get onto a plan for a weeks vacation where there is no internet but lots of sun.

Do you folks place pending orders for trend line breaks?

I find that there can be false break outs and I would like to be around to close a losing trade......but then on the other hand lots of break outs happen when I am not there staring at the screen.....so pending orders seems to be the way to go.

Anyways.....I do hope that this thread continues and people...
Hallo P,i'll wait you to came back from holiday to share some trades with this method...it's really a simple (not easy) one.

Enjoy the sun...
Patience is essential
  • #260
  • Nov 19, 2010 12:09pm Nov 19, 2010 12:09pm
Quoting benem
Hallo P,i'll wait you to came back from holiday to share some trades with this method...it's really a simple (not easy) one.

Enjoy the sun...
Thanks Benem.....I just browsed through your FF journal....looks like you are an avid J16 fan. ....good for you....I had think long and hard what BRN was....(figured it out)

what are your thoughts on placing pending orders for break outs.

that is the one thing I am "worried" about with trend line breaks and S&R breaks.

Anyways......see you on the forum in a week......I will be back....with a sun tan

PGPB
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