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Daily Trendline Trading

  • #161
  • Oct 3, 2011 6:22am Oct 3, 2011 6:22am
Quoting Sim Patrick
Daily trend line trading is a very good concept ...well but without less risk and high reward any trade is dangerous ...Having less risk and high reward comes to our favour even if you fails ...Trend line easily can cheat newbies ..So before learning trend lines first learn clearly support and resistance ...Just a advice for newbies ..
I agree 100%. I usually am very aware of s/r areas. For the sake of this thread and newbies I may add s/r lines to my chart. I have found that when s/r area lines up with a t/l success is much greater.
Please ask questions and share your experiences with us all!
  • #162
  • Edited 9:08am Oct 3, 2011 8:57am | Edited 9:08am
This is a trade I got in this morning with s/r lines added in blue.
Attached Image (click to enlarge)
Click to Enlarge Name: 100311audnzd.gif Size: 27 KB
Please ask questions and share your experiences with us all!
  • #163
  • Oct 3, 2011 9:52am Oct 3, 2011 9:52am
Quoting bkg102665
This is a trade I got in this morning with s/r lines added in blue.
Thanks a lot for drawing s/r lines, it really helps.

Would you be aiming for the bottom support line of 1.23513 for profit?
How about SL? Previous high or even the resistance line of 1.28115?
  • #164
  • Oct 3, 2011 10:50am Oct 3, 2011 10:50am
This is another trade I am in. Notice how the t/l and s/r lines are together.
Attached Image (click to enlarge)
Click to Enlarge Name: 100311gbpcad.gif Size: 27 KB
Please ask questions and share your experiences with us all!
  • #165
  • Oct 5, 2011 12:36pm Oct 5, 2011 12:36pm
There is now channel, just a TL
Attached Image (click to enlarge)
Click to Enlarge Name: 123.jpg Size: 109 KB
  • #166
  • Oct 5, 2011 12:48pm Oct 5, 2011 12:48pm
Quoting bkg102665
This is another trade I am in. Notice how the t/l and s/r lines are together.

that is quite true that when trendline and s/r comes together, or very close together, that increases the probability of it being a winning trade.
  • #167
  • Oct 6, 2011 3:33am Oct 6, 2011 3:33am
Excellent entry, BKG

How about reverse it?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD_10_6_16.png Size: 6 KB
Be a friend, My skype id: helloworldsh
  • #168
  • Oct 6, 2011 8:59am Oct 6, 2011 8:59am
by daily trendline
Attached Image
Be a friend, My skype id: helloworldsh
  • #169
  • Oct 6, 2011 9:02am Oct 6, 2011 9:02am
Quoting szpower
by daily trendline
IMHO I would be real careful looking for the chf to strengthen much at all. The swiss have made it very obvious they want to weaken their currency.
Please ask questions and share your experiences with us all!
  • #170
  • Oct 6, 2011 9:07am Oct 6, 2011 9:07am
Daily trendline entry
Attached Image
Be a friend, My skype id: helloworldsh
  • #171
  • Oct 6, 2011 9:31am Oct 6, 2011 9:31am
Sure, my entry is just from the chart itself, not considering the SWISS's manipulation.
It would be possible i have several entry killed, this is ok.

Thanks BKG Bro.

Quoting bkg102665
IMHO I would be real careful looking for the chf to strengthen much at all. The swiss have made it very obvious they want to weaken their currency.
Be a friend, My skype id: helloworldsh
  • #172
  • Oct 6, 2011 9:42am Oct 6, 2011 9:42am
Here is the newest version of the trendline alert indicator I had made for bkg. It incorporates both trendlines and horizontal lines. Multiple instances of the indicator can be put on the chart by changing the identifier number. Again, it will wait for the finish of the current bar for the timeframe its put on before it will initialise to stop it alerting the moment it goes on the chart, hope its ok. Colours and thickness of the line are now in the inputs section.
Attached File(s)
File Type: ex4 FXGuru_TrendLineAlertv2.ex4   9 KB | 298 downloads
  • #173
  • Oct 6, 2011 9:51am Oct 6, 2011 9:51am
Quoting ohammond
Here is the newest version of the trendline alert indicator I had made for bkg. It incorporates both trendlines and horizontal lines. Multiple instances of the indicator can be put on the chart by changing the identifier number. Again, it will wait for the finish of the current bar for the timeframe its put on before it will initialise to stop it alerting the moment it goes on the chart, hope its ok. Colours and thickness of the line are now in the inputs section.
Thanks very much my friend.
Please ask questions and share your experiences with us all!
  • #174
  • Oct 10, 2011 6:41am Oct 10, 2011 6:41am
Quoting szpower
Daily trendline entry
AUDCAD got KILLED, SL out.
Be a friend, My skype id: helloworldsh
  • #175
  • Oct 10, 2011 7:55am Oct 10, 2011 7:55am
I am long here due to red t/l, blue s/r line, and yellow 200sma.This is a text book trade to me. If price does close below these three then I will take my loss and go short with no hesitation at all.
Attached Image (click to enlarge)
Click to Enlarge Name: 101011gbpchf.gif Size: 27 KB
Please ask questions and share your experiences with us all!
  • #176
  • Oct 11, 2011 6:58am Oct 11, 2011 6:58am
Quoting bkg102665
I am long here due to red t/l, blue s/r line, and yellow 200sma.This is a text book trade to me. If price does close below these three then I will take my loss and go short with no hesitation at all.
s/l locked in at +5
Please ask questions and share your experiences with us all!
  • #177
  • Oct 11, 2011 8:31am Oct 11, 2011 8:31am
Long here based off of t/l and s/r area
Attached Image (click to enlarge)
Click to Enlarge Name: 101111nzdchf.gif Size: 27 KB
Please ask questions and share your experiences with us all!
  • #178
  • Oct 11, 2011 10:19am Oct 11, 2011 10:19am
Quoting bkg102665
s/l locked in at +5
stop on GBP/CHF hit at +5
Please ask questions and share your experiences with us all!
  • #179
  • Oct 11, 2011 2:24pm Oct 11, 2011 2:24pm
Quoting szpower
Daily trendline entry
took a look at the WEEKLY...looks like you are trading against a similar but opposite setup on the weekly, i guess in this case, the weekly won against the daily.

chart attached:
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Oct. 11 15.23.jpg Size: 89 KB
  • #180
  • Oct 11, 2011 2:27pm Oct 11, 2011 2:27pm
Quoting szpower
Excellent entry, BKG

How about reverse it?
gbp/cad UPDATE? how did it go for you?
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Oct. 11 15.26.jpg Size: 100 KB
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