Trendline Break (The Only System You Need)

Hi P
i didn't trade this system yet but as a resoult of a quick back testing i would wait to place a pending order once the candle has closed below ( or above in case of long)the Trend line.
But as everithing in trading we should test different entry mothod as different exits to see in the long run wich give us a better Win/loss ratio....or better to call it "R" factor.
Remember system represent only a 10% of your success( maybe you already know that)the rest is Money management and the strenght to adere to your trading plan and overcame the fear you feel (psicology).

Hope didn't bored all the other guys with my post,in case sorry.

Luca

Trade taken at break of inner TL... stop move to break even when Outer TL reach partial profits taken....
Dejan

Came out on highlighted candle... way too early....

eu15 is similar... Outer TL broken. possible Trend change? Let's observe another TL not shown here may present a bounce up.... (70 pips away)

Dejan

EU h1 with TL possible bounce at shaded area.....

Dejan

Hello folks. Here's a trend line break I took this morning. Unfortunately I only took a small chunk of what was on offer.

Starting from the left, I see a gap circled with a red oval, these are 'filled' by price most of the time, indicating price will go down.

The yellow lines are a fibo fan from a previous trend line, just ignore that.

The blue lines indicate a channel... notice there was a break down but it was very close to the Open price. This is a strong S&R and kept me out of the trade. Sure enough, price bounced off it. R2 is also there indicating further caution.

Next we have a horizontal and diagonal trend line in red that combine to make an ascending triangle. A break either way would have taken me into a trade, and I went short after the break at 1.3733, with a 12 pip stop. I only picked up around 20 pips on this trade, however over 100 were on offer, the only trigger was a simple break of a trend line with a tight stop.

http://i288.photobucket.com/albums/l...f?t=1290433512

Just for learning purpose Trend line break out in M5 and possibley how you can add on contracts on retracments in four views.

EU was going in a good channel and US session has broken the top of the asia/UK high

It was bit of fight with bull vs bear

Chanel M5 for US session

Did some scalping inside the chanel. Since it is month end it may close higher
tough resistence at 1.3250

great thread with the great idea.

yes it is as long as you identify the support and resistence and market recaction asia,frank,uk and usa minimum pip is guranteed .

see the beautiful chart of GU the current price action has not even touched the upper trend line and if you combine with candle pattern you will short the pair

Here's how the Euro looked this morning, beautiful day for trend line breaks, a basic knowledge of chart patterns helps too. Here we have a triangle and a bearish wedge.

You could easily take these trades with a ten pip stop and earn many times risk. Even if you took profit at the first pivot (S1).

http://i288.photobucket.com/albums/l...f?t=1291125027

UJ chart the Trend line is broken in HI CHART keep hitting when it goes up in M5 or M!15

EU M5 BREAK out if it sustain buy the dip

EU M5 DOWN TREND

My question is if you have seen the cross in M5 OR H1 why you have not taken the trade.

See the charts where the EU was in bullish mode.

CHART made in the morning and the current chart

Observing this for a TL bearish break,,,, mkt is bullish though and the daily bias is bullish.... will take what the mkt gives... trade what we see

GU h4 breaking outer TL, 15m drop to TL as anticipated and now breakin H4...

EJ H1 now in play, ..... entry from 15m