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Trendline Scalping 4hr timeframe

  • #1,441
  • Oct 12, 2010 2:54am Oct 12, 2010 2:54am
apologies for the slowness of the week guys i havnt been trading. i will be setting up a mirc chat server for everyone short6ly
  • #1,442
  • Oct 12, 2010 5:47am Oct 12, 2010 5:47am
Quoting david486
apologies for the slowness of the week guys i havnt been trading. i will be setting up a mirc chat server for everyone short6ly
Its quite alright David, Mondays are slow anyhow but coupled with holiday in the US it was slower than usual. Most grateful for your efforts.

Kind regards
  • #1,443
  • Edited 5:17pm Oct 21, 2010 5:01pm | Edited 5:17pm
a couple of ppl have asked me why the thread has been quiet this week. to tell you the truth the volatility has kept me out of the market. i traded of parity on the aud/usd for 100 pips(entered last week exited this week) great trade. will be looking at shorting the aud again off parity. this of course has nothing to do with my method only something i consider to be a good resistance for the au.
as for the usual trends hopefully next week will show something good
  • #1,444
  • Oct 22, 2010 5:17am Oct 22, 2010 5:17am
Quoting david486
a couple of ppl have asked me why the thread has been quiet this week. to tell you the truth the volatility has kept me out of the market. i traded of parity on the aud/usd for 100 pips(entered last week exited this week) great trade. will be looking at shorting the aud again off parity. this of course has nothing to do with my method only something i consider to be a good resistance for the au.
as for the usual trends hopefully next week will show something good
Hi David,
happy to hear you again and congrat for the aud/usd trade .

Maybe I missed something but I'm no more able to connect using your NN client. I thought you were updating it to allow the SMS function, could you please tell me how is going this project?

Thanks a lot.
Dotmag
  • #1,445
  • Oct 23, 2010 9:28pm Oct 23, 2010 9:28pm
Quoting DotMag
Hi David,
happy to hear you again and congrat for the aud/usd trade .

Maybe I missed something but I'm no more able to connect using your NN client. I thought you were updating it to allow the SMS function, could you please tell me how is going this project?

Thanks a lot.
Dotmag
everyone is getting the same message. its his server its offline for maintenance
  • #1,446
  • Oct 24, 2010 1:51am Oct 24, 2010 1:51am
Quoting john19r
everyone is getting the same message. its his server its offline for maintenance
Hi John,
thanks for the info.
  • #1,447
  • Oct 25, 2010 2:13am Oct 25, 2010 2:13am
anyone else going to trade parity bounce like dave on the aud?
  • #1,448
  • Oct 27, 2010 9:20pm Oct 27, 2010 9:20pm
Quoting john19r
anyone else going to trade parity bounce like dave on the aud?
Sure, I got 240 pips out of the last one. One more bounce is possible...
Tipster Trendlines - Trade from the chart
  • #1,449
  • Nov 2, 2010 2:52am Nov 2, 2010 2:52am
guys just to let you know my aud/usd parity trade is closed for a total of 24 pips. i shorted roughly 3mil hence the small pip count. i may look at re-entering. my entry was 1 flat and exit was 76.

as for my server and the reason why it has been down, someone compromised it. it was hacked into and some of my code was stolen. that being said the code is useless without the other modules. that being said it has demotivated me in regards to this thread but i will still make posts whether or not i put the server back up is another thing. hope all is well and all are making money
  • #1,450
  • Nov 2, 2010 4:55am Nov 2, 2010 4:55am
Quoting david486
guys just to let you know my aud/usd parity trade is closed for a total of 24 pips. i shorted roughly 3mil hence the small pip count. i may look at re-entering....
Sorry to hear about that man! Someone hacking in to the server is really screwed up. You've given a great contribution to the community with this thread here and iv definitely picked up some real value from you, so I and im sure others as well really appreciate your efforts
  • #1,451
  • Nov 2, 2010 5:54pm Nov 2, 2010 5:54pm
David, what you have contributed is tremendous and hacking your server is a malicious act... We hope you can get your server organize so you can continue to trade how u use to. As for the thread I respect whatever decision you have taken... All the best!!
  • #1,452
  • Dec 5, 2010 9:25am Dec 5, 2010 9:25am
This is great method, simple and stright forward. I am using it a lot. Just leting the trades run as long as posible.
  • #1,453
  • Dec 11, 2010 3:31am Dec 11, 2010 3:31am
Quoting silberFX
This is great method, simple and stright forward. I am using it a lot. Just leting the trades run as long as posible.
Good to know. What are the stats about? Any results real money?


Thanks

Forex37
  • #1,454
  • Dec 11, 2010 5:39am Dec 11, 2010 5:39am
Quoting Forex37
Good to know. What are the stats about? Any results real money?


Thanks

Forex37
Well, I don`t count any statistics. You probably know that the method is only let`s say 30 persent of the sucses. But I realy don`t do anything special. Just some discretion. The steeper the trendline the more likely it will get broken instead of a bounce from it. Also if price haven`t made new highs or lows and coming back to test the trendline I will be more suspicious that it holds. I use sl of 100 atr on 4H TF(60 period). But if the candle break the trendline and the sl is not hit yet I more likely will close the trade. I almost alwais move sl to be when price in my favor the amount I risk, but the more I don`t like the price action the faster I do it. And for sure I like to let the profits run if the trade is in the long term direction. Yes I get stoped out more times then I cash in the big profits, but it pays off. Sinserly I trade this only for a few months, but it doesnt mean that it is too early to say it works, because there are many methods that works if combined with good money management, right mind set, patience, not overtrading and similar things. Btw if I do not trade the bounce I may trade the break. And here it is clear,-the more steeper the trendline the more likely it will get broken. I use closed candles for breaks.
  • #1,455
  • Dec 12, 2010 1:55am Dec 12, 2010 1:55am
I would not engage in scalping on the yen. This is the most speculative currency. According to the scheme provided by you, the best deal on the European pairs, and only if they do not demonstrate complete dependence on changes in the euro dollar. And I just pips on the euro dollar (U.S.)
  • #1,456
  • Edited 7:00am Dec 24, 2010 6:21am | Edited 7:00am
This is my EU analysis.Currently price is resting on TL waitng for the BO.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot015.jpg Size: 403 KB
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #1,457
  • Jan 17, 2011 10:45am Jan 17, 2011 10:45am
Quoting CTGCollins
Hi all, I am also using this type of trade on any timeframe and am starting to trust it more because these ones seem to work without too much of the dreaded drawdown associated with usual breakout trades....

Hi Chris, So do you have good luck with the 3 consecutive tap approach? And if so, do have guidelines? Seems like the most successful models of Dave's approach have a true ABCD config, and on a not too steep TL, as Siber discovered. I got creamed papering '3 in a row' on multiple TF's.

Thanks

P
  • #1,458
  • Feb 5, 2011 3:21pm Feb 5, 2011 3:21pm
hi, guys,
what happened here? everybody left?
is that still a valid method to trade???
  • #1,459
  • Feb 10, 2011 8:43am Feb 10, 2011 8:43am
Hi,

i want to ask, do we need to wait until price really touch trendline?

how to face this condition on GU H4? price almost reach trendline but not yet (small arrow).

http://img689.imageshack.us/img689/308/guh1.gif

maybe we should place BUY LIMIT on trendline? or maybe we can BUY now?

Thanks
  • #1,460
  • Sep 1, 2011 7:20am Sep 1, 2011 7:20am
ANYBODY still trading this method? or everybody now on the NN?
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