Holy Grail Lines? | Forex Factory

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Holy Grail Lines?

  • #1
  • First Post: May 6, 2011 4:22am May 6, 2011 4:22am
Forex trading with 2 lines, money management, understanding candle reversals, common sense and lots of patience...

Latest BUY at 1.6373
Attached Image (click to enlarge)
Click to Enlarge Name: grail-lines.gif Size: 35 KB
  • #2
  • May 6, 2011 4:38am May 6, 2011 4:38am
Hi
It looks good but the question is how do you draw this two lines?
What is the method you use?
  • #3
  • May 6, 2011 4:40am May 6, 2011 4:40am
Last Buy trade shifted to Breakeven.

Will reveal "Formula" coming Monday. Watch for it

Have a great weekend!
  • #4
  • May 6, 2011 6:02am May 6, 2011 6:02am
Quoting Cashcalf
Forex trading with 2 lines, money management, understanding candle reversals, common sense and lots of patience...

Latest BUY at 1.6373

Closed BUY position 1.6430... ahead of news
  • #5
  • May 6, 2011 6:10am May 6, 2011 6:10am
took almost the same trade..

anyway, i`ll wait for the official release

good luck
  • #6
  • May 6, 2011 11:42am May 6, 2011 11:42am
USDCAD & GPYJPY

Have a great weekend!
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  • #7
  • May 9, 2011 6:34am May 9, 2011 6:34am
now its monday!

thank you!!
passion and discipline
  • #8
  • May 9, 2011 9:36am May 9, 2011 9:36am
Hi Guys,

Sorry to keep some of you waiting.. I was busy the whole day and am still watching my positions

First I would like to clarify that this method is not originated by me. I just merely adapt and modify it in a certain way I feel comfortable. As mentioned, this strategy requires lots of patience as you will need to monitor a few pairs every hour but will pay off at the end

Ok... here goes

Just follow the 3 Steps laid down in the image below and get your "lines"

There are 2 methods to trade the lines; a) Inside the Channel b) Outside of the Channel

Now go draw the lines and see how prices react to them

I will go a little more detail the next time.
Attached Image
  • #9
  • May 9, 2011 9:45am May 9, 2011 9:45am
I would like to bring your attention to the USDCAD 60 minute chart. This pair has been on a uptrend and now in a "consolidation mode" forming somewhat a Triangle. Asean session created a Buy opportunity (follow the trend)

As of writing, USDCAD is approaching the Upper Channel Line...
Attached Image
  • #10
  • May 9, 2011 9:59am May 9, 2011 9:59am
A picture is worth a thousand words
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-trend.gif Size: 33 KB
  • #11
  • May 9, 2011 10:24am May 9, 2011 10:24am
Hi CC.

This looks very interesting. Could you tell me: Are those bollinger lines and are they set to just 1.5?

Also what timeframe are you using?

Kind regards
Paul
  • #12
  • May 9, 2011 10:35am May 9, 2011 10:35am
Quoting paulwales
Hi CC.

This looks very interesting. Could you tell me: Are those bollinger lines and are they set to just 1.5?

Also what timeframe are you using?

Kind regards
Paul
Timeframe: 60 miutes and Yes they are bollinger Bands but you have to go to Insert>Indicators>Custom>Bands.. otherwise the Bollinger Bands will always default as 2.0 Deviation.
  • #13
  • May 9, 2011 10:58am May 9, 2011 10:58am
Quoting Cashcalf
Timeframe: 60 miutes and Yes they are bollinger Bands but you have to go to Insert>Indicators>Custom>Bands.. otherwise the Bollinger Bands will always default as 2.0 Deviation.
Thanks CC.

Look forward to the rest of your strategy.

Paul
  • #14
  • May 9, 2011 11:36am May 9, 2011 11:36am
Now that you have started to explain the method you can ask the moderators to move the thread back to Trading Systems Forum
Regards
  • #15
  • May 9, 2011 1:03pm May 9, 2011 1:03pm
Cashcalf, thank you for sharing! I look forward to the rest of the system.

How long have you been trading this strategy? What are your favorite pairs?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16
  • May 9, 2011 2:36pm May 9, 2011 2:36pm
Hey Cashcalf, looks pretty interesting. My platform has BB based on EMA and SMA, can you clarify which you are using?
  • #17
  • May 9, 2011 5:08pm May 9, 2011 5:08pm
USDCAD Update

The USDCAD had indeed traveled down the lower Channel and has now created another BUY opportunity...
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-eg2.gif Size: 16 KB
  • #18
  • May 9, 2011 5:10pm May 9, 2011 5:10pm
Quoting Favorite
Cashcalf, thank you for sharing! I look forward to the rest of the system.

How long have you been trading this strategy? What are your favorite pairs?
I have not been hour trading this system for very long as it requires man-hours to watch the market ever

I monitor the Majors and Crosses like GBPJPY and EURJPY
  • #19
  • May 9, 2011 5:12pm May 9, 2011 5:12pm
Quoting mondoremix
Hey Cashcalf, looks pretty interesting. My platform has BB based on EMA and SMA, can you clarify which you are using?
Use the Default "Bands" indicator in your MT4.
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  • #20
  • May 9, 2011 5:15pm May 9, 2011 5:15pm
Will try to update as they come along... Time for some sleep now
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