Attachments: Trading Major Lines

Trading Major Lines

#1,461
Aug 26, 2011 5:20pm Aug 26, 2011 5:20pm

selym_co
Joined Aug 2011 | Status: All the world is a stage... | 858 Posts

in fact i use point and figures and there was a strong resistance right belove the major line(talking about USDCHF)..and i made all my preperations in accordance to a downwards movement..and didnt even locate a BUY STOP order..because i was sure that the trend was downwards. there is something i want to ask : if u look at the candle 2011/08/07 (weekly USDCHF candle) it is a pinbar...and should it be identified as a setup candle for upwards movement (according to nomask's method ) ? I mean should we evaluate it as the beginning of a giant upwards movement? on the other hand when we look at the volumes of the weekly candles...all the increasing volumes happened on "up" bars..I think this is also a clue that the big sharks (professionals) have been making a pressure towards upside for a long time...and maybe we are right in the beginning...and most important of all this week candle ended above the major line...And it might be really good if we have a 4H pinbar next week... (and here my problem starts : its really difficult for me to find the relieble best 5M pinbar right after the 4H pinbar phase...i read and read the first posts...and still have some points which i cannot understand 100% and cannot apply in practice..hope i will overcome it with experience... and next week AUDJPY , GBPCHF , EURJPY , USDCHF , and maybe USDCAD (i just closed my order with 70 pips profit because the market moved so fast and i wanted to be sure of my profit..and now i feel regretful)... plz share ur ideas with me about the pairs i mentioned above...i just want to "understand" this method...

Imagination rules the world ...

Selym Hyll Return This Year: na

#1,462
Sep 1, 2011 9:28am Sep 1, 2011 9:28am

Pidgeon
| Joined Jul 2007 | Status: Seasoned Lurker | 242 Posts

Selym,
I keep re-reading the first post on this thread. Nomask makes a few key points about the "approach" (its not really a system in my opinion) that he uses.

1. He only trades EUR/USD. Focusing on one pair makes it easier to concentrate. I've chosen to look at a few others, but nothing exotic.

2. We look to enter with very tight stops, so that if we are right we are highly rewarded, and if not we lose a very small amount. 10 pips is the most he would ever risk.

3. Nomask uses the 5 minute charts for entry, but did say that you could use 15 minute charts as well. The key is to see a move through a major line on the weekly, then look for P/A with fibs on 4HR, and then look for a smaller "entry" timeframe to hit a fib from the 4HR. Really, you could enter just based on the 4HR P/A if you know how to properly use fib levels.

I was also trying to buy CHF after the move through .8000. I was stopped out for a loss of 10 pips, not a problem. This tells us that CHF hasn't decided whether to keep its major bear trend, or whether it is ready to reverse and start climbing above .8000. But once it makes its mind up, it will be ready to go to .70 or to .90. In the mean time, I've been doing well with EUR shorting it from 1.45, with the target of it going to 1.4000.

I'm just a newbie with regard to this trading approach, but I have succeeded in removing all other indicators from my charts, and I believe that this has already improve my trading.

Disregard all prognostications.

#1,463
Sep 18, 2011 3:10am Sep 18, 2011 3:10am

gssintokyo
| Joined Apr 2011 | Status: Trader | 65 Posts

What's everyone looking at for the weekly?
Any charts screaming out at you?
I ask as my charting software has a temporary glitch and I can't check them myself!

#1,464
Sep 19, 2011 3:18am Sep 19, 2011 3:18am

normeck
| Joined May 2008 | Status: Trader | 28 Posts

Maybe IB on 4H...will enter at next candle...

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#1,465
Sep 19, 2011 4:51am Sep 19, 2011 4:51am

L,,Olonese
| Joined May 2010 | Status: ora et treding labora | 72 Posts

Quoting Pidgeon

Disliked

Selym,
I keep re-reading the first post on this thread. Nomask makes a few key points about the "approach" (its not really a system in my opinion) that he uses.

1. He only trades EUR/USD. Focusing on one pair makes it easier to concentrate. I've chosen to look at a few others, but nothing exotic.

2. We look to enter with very tight stops, so that if we are right we are highly rewarded, and if not we lose a very small amount. 10 pips is the most he would ever risk.

3. Nomask uses the 5 minute charts for entry, but did say that you could...

Ignored

1) i use nomask all more pair wich eur/usd
2) eur/chf usd/chf long again, the pair with eur make the same movement always, the differences are only on the measure of movement, infact..two week ago eur/usd and eur/jpy made an large movement short, but eur/chf made an little movement short becouse it is long again and the same usd/chf...when the eus/usd and eur/jpy made the retracemente long last week the chf pair made an little long movement but not strong becouse eur/usd eur/jpy dont show an clear movement long ..now the major usd ..show again indecision.

3) usd cad show an movement short..in the 3 pic the montly fibo (blu) show overlap with weekly fibo weekly ( red/nomask)...so that with retracement could be an strong movement short.

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#1,466
Oct 31, 2011 12:43pm Oct 31, 2011 12:43pm

Ifebaba94
| Joined Nov 2009 | Status: Trader | 68 Posts

Hi NOmask,
I have taken time to read your thread and glad it is very helpful.Please i need you to help me with your round number indicator.I got my hand on some but they were not fit for higher time frame.Hope you do not mind helping.Thanks in advance.

Sincerely,
Adeshina

#1,467
Feb 26, 2012 2:20pm Feb 26, 2012 2:20pm

extremerrage
| Joined Jan 2011 | Status: Trader | 201 Posts

good day guys..... whats goin on on this precious thread,,,? why no body is posting any more,,,, and where is that genius no mask????

#1,468
Feb 27, 2012 5:28am Feb 27, 2012 5:28am

L,,Olonese
| Joined May 2010 | Status: ora et treding labora | 72 Posts

Quoting extremerrage

Disliked

good day guys..... whats goin on on this precious thread,,,? why no body is posting any more,,,, and where is that genius no mask????

Ignored

i teked eur/usd eur/jpy at actino price roundd number....veru difficult but i am winnr here...now i am wait the return action price in short but i have put my protection for short action price.
iam waiting the long action price usd/jpy

#1,469
Mar 3, 2012 2:23am Mar 3, 2012 2:23am

mordre
| Joined Apr 2010 | Status: Trader | 63 Posts

Hello everyone,

This is a really great thread and I was searching for something like this for some time.

My question is how would this work by trading the H4 candles at every .00 (hundred) pips line applying fibo, then taking an entry on the M5? This way one could stack 6-7 entries in a 1000 pips move.

Just a thought I had.

#1,470
May 14, 2012 9:09am May 14, 2012 9:09am

livindaylite
| Joined Jan 2010 | Status: Trader | 228 Posts

I just stumbled unto this thread. It looks very nice... I quickly jumped to the last page just to see it is still going, but, Its a shame that it looks like this thread has gone quiet? Perhaps, everything we need to know about it has already been posted; hence no need to add more.

At first glance it reminds me of Quarters Theory by Ilian Yotov, and I was looking to see whether someone is trading applying that theory. Then I found this and it seems to be the closest to what appears to trade around this concept.

I look forward to going over the examples, particularly the honing in on H4 and M5 for entry.

Hopefully, too there will be more posts as eur/usd is trading in an increasingly interesting area. At this rate, we'll soon, be at the bottom of that 4000 pip rance/cycle.

peace, livindaylite

#1,471
May 14, 2012 11:08am May 14, 2012 11:08am

zusch
| Joined Feb 2011 | Status: Trade the hot hand. | 668 Posts

Quoting livindaylite

Disliked

I just stumbled unto this thread. It looks very nice... I quickly jumped to the last page just to see it is still going, but, Its a shame that it looks like this thread has gone quiet? Perhaps, everything we need to know about it has already been posted; hence no need to add more.

At first glance it reminds me of Quarters Theory by Ilian Yotov, and I was looking to see whether someone is trading applying that theory. Then I found this and it seems to be the closest to what appears to trade around this concept.

I look forward to going over the...

Ignored

I Googled Quarters Theory and watched a YouTube video with Ilian Yotov himself speaking about the method. I agree it is extremely similar b/c Nomask focuses on major lines/median lines which Yotov calls major quarters.

This is a wonderful thread, I'm lucky to have stumbled upon it a year or so ago and I still love to pop in time to time when I see an interesting post like yours.

Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.

#1,472
May 15, 2012 6:27am May 15, 2012 6:27am

L,,Olonese
| Joined May 2010 | Status: ora et treding labora | 72 Posts

Quoting zusch

Disliked

I Googled Quarters Theory and watched a YouTube video with Ilian Yotov himself speaking about the method. I agree it is extremely similar b/c Nomask focuses on major lines/median lines which Yotov calls major quarters.

This is a wonderful thread, I'm lucky to have stumbled upon it a year or so ago and I still love to pop in time to time when I see an interesting post like yours.

Ignored

It looks very similar .. but this theory apart from adding some more key point in improving the method nomask? what's the difference?
I 'm trying to see if there are other points of entry to bounce and I think I've found a very logical

bye

#1,473
Jun 19, 2012 1:31pm Jun 19, 2012 1:31pm

sami29uk
| Joined Jun 2010 | Status: Trader | 256 Posts

hi everyone, i have added more lines to the original template - all efforts, contributions, hard work goes to nomask and big thanks to nomask....hope everything is cool

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eurusd major.tpl 28 KB | 657 downloads

#1,474
Jul 21, 2013 1:14am Jul 21, 2013 1:14am

milam
| Membership Revoked | Joined Jul 2013 | 4,068 Posts

Quoting nomask

Disliked

{quote} And I also know that very few of my attemps will make it to the end.but totally worth that

Ignored

I am following, just started......

Would it be better to close all trades at the end of the week? Just a thought

Wherever you go, there you are.

#1,475
Dec 2, 2015 10:44pm Dec 2, 2015 10:44pm

shellsnail
Joined Aug 2012 | Status: Trends, Levels, Confirmation, Bayes | 1,834 Posts

Quoting Warburg

Disliked

Through my trading career, I have created formulas, invented algorithms, bent lines, designed the most sophisticated of indicators, developed EAs, utilized robots, and mixed a plethora of strategies and methodologies. After 20,000+ hours of trading, I have come to realize, as many of you have, that the method presented within this thread combined with Graeme's teachings, is indeed "the answer".

Ignored

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