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Daily Trendline Trading

  • #1
  • First Post: Edited Aug 26, 2011 11:39am Aug 24, 2011 8:30pm | Edited Aug 26, 2011 11:39am
I want to start this thread which will talk mostly about daily trendlines on four pair which will be gbp/usd, eur/usd, gbp/jpy, and eur/jpy. Those are the four pair I concentrate on but we can look at any pair to help determine good entry and exit points. All members and guest will be welcome to share their ideas and insights.
Please ask questions and share your experiences with us all!
  • #2
  • Aug 24, 2011 8:40pm Aug 24, 2011 8:40pm
Hey folks I hope all is well. I thinkk 1.6280 will be important area tomorrow as well as 1.6445 area. 1.6445 was support now turned resistance and 1.6280 is a support area plus it lines up pretty good with my daily upward trend line.
Attached Image (click to enlarge)
Click to Enlarge Name: 082411gbp.gif Size: 47 KB
Please ask questions and share your experiences with us all!
  • #3
  • Aug 25, 2011 2:32am Aug 25, 2011 2:32am
good luck to you.. will be following this thread
I don't want a job, i want money!
  • #4
  • Aug 25, 2011 3:35am Aug 25, 2011 3:35am
Congrats on the thread dude. I spend most of my time on the 1 minute charts these days, but I will be following this thread as well.

Cheers
Cap
  • #5
  • Aug 25, 2011 7:34am Aug 25, 2011 7:34am
Short eur/usd based off daily trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: 82511eurusd.gif Size: 40 KB
Please ask questions and share your experiences with us all!
  • #6
  • Aug 25, 2011 7:40am Aug 25, 2011 7:40am
I am also short gbp/jpy but got in this trade late. I should have entered at the touch of the trendline which you can see in the circled area.
Attached Image (click to enlarge)
Click to Enlarge Name: 82511gbpjpy.gif Size: 38 KB
Please ask questions and share your experiences with us all!
  • #7
  • Aug 25, 2011 7:44am Aug 25, 2011 7:44am
Anyone that takes a look at this thread please feel free to post charts and give your opion. This will be some what of a journal for me and a way to keep up with my personal trades and look back to see what I may have done wrong or right.
Please ask questions and share your experiences with us all!
  • #8
  • Aug 25, 2011 7:53am Aug 25, 2011 7:53am
should be a thread.
what are the MAs you used?
  • #9
  • Aug 25, 2011 8:03am Aug 25, 2011 8:03am
Quoting nbafx
should be a thread.
what are the MAs you used?
Actually I only use a 200sma(yellow) on my daily. I just removed the other two ma's after posting my charts. Just so you know they were a 50sma(purple) and a 62sma(orange).
Please ask questions and share your experiences with us all!
  • #10
  • Aug 25, 2011 9:34am Aug 25, 2011 9:34am
Quoting bkg102665
Short eur/usd based off daily trendline.
Added s/l @ 1.4412
Please ask questions and share your experiences with us all!
  • #11
  • Aug 25, 2011 2:23pm Aug 25, 2011 2:23pm
Here I have a chart on the eur/jpy and the gray area is what I would call the "No Trade Zone". The trades have a much better chance of going against you in this area. If you are patient I promise price will get back to the upper or lower trend lines soon!
Attached Image (click to enlarge)
Click to Enlarge Name: 82511eurjpy.gif Size: 37 KB
Please ask questions and share your experiences with us all!
  • #12
  • Aug 25, 2011 3:05pm Aug 25, 2011 3:05pm
Subscribed. Interested in any daily time frame trading system/method. Quite a few are now in play in this forum. Glad to see this.
Quoting bkg102665
Here I have a chart on the eur/jpy and the gray area is what I would call the "No Trade Zone". The trades have a much better chance of going against you in this area. If you are patient I promise price will get back to the upper or lower trend lines soon!
  • #13
  • Aug 25, 2011 3:12pm Aug 25, 2011 3:12pm
Quoting FX_California
Subscribed. Interested in any daily time frame trading system/method. Quite a few are now in play in this forum. Glad to see this.
Thanks and feel free to post your opions and charts.
Please ask questions and share your experiences with us all!
  • #14
  • Aug 25, 2011 3:54pm Aug 25, 2011 3:54pm
If anyone has a currency pair they would like to look at or that you think is closing in on a daily trendline let me know and let's take a look. Thanks
Please ask questions and share your experiences with us all!
  • #15
  • Aug 26, 2011 1:28am Aug 26, 2011 1:28am
Quoting bkg102665
Hey folks I hope all is well. I thinkk 1.6280 will be important area tomorrow as well as 1.6445 area. 1.6445 was support now turned resistance and 1.6280 is a support area plus it lines up pretty good with my daily upward trend line.
That was a very nice bounce off of that daily trendline.
  • #16
  • Aug 26, 2011 6:58am Aug 26, 2011 6:58am
Quoting bkg102665
I am also short gbp/jpy but got in this trade late. I should have entered at the touch of the trendline which you can see in the circled area.
The gbp/jpy trade still looking good.
Attached Image (click to enlarge)
Click to Enlarge Name: 82511gbpjpy.gif Size: 38 KB
Please ask questions and share your experiences with us all!
  • #17
  • Aug 26, 2011 7:00am Aug 26, 2011 7:00am
Quoting bkg102665
Added s/l @ 1.4412
My s/l took me out of this trade but I jumped right back on it again since it did not close above my trendline. Short again eur/usd.
Attached Image (click to enlarge)
Click to Enlarge Name: 82611euusd.gif Size: 36 KB
Please ask questions and share your experiences with us all!
  • #18
  • Aug 26, 2011 7:05am Aug 26, 2011 7:05am
gbp/usd not looking so good at the moment but my thought process here is I will let this trade run and if the candle closes below my trendline I will exit my long position and enter a short. We will see how that plays out.
Attached Image (click to enlarge)
Click to Enlarge Name: 82611gbpusd.gif Size: 36 KB
Please ask questions and share your experiences with us all!
  • #19
  • Aug 26, 2011 9:28am Aug 26, 2011 9:28am
Quoting bkg102665
My s/l took me out of this trade but I jumped right back on it again since it did not close above my trendline. Short again eur/usd.
s/l placed at 1.4432
Please ask questions and share your experiences with us all!
  • #20
  • Aug 26, 2011 10:39am Aug 26, 2011 10:39am
S/L took me out of eur/usd again. If it closes today above my trendline I will be going long on eur/usd.
Attached Image (click to enlarge)
Click to Enlarge Name: 82611euusd.gif Size: 31 KB
Please ask questions and share your experiences with us all!
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