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Daily Trendline Trading

  • #221
  • Nov 14, 2011 3:58am Nov 14, 2011 3:58am
Quoting dddd
price dropped by +80 pips, but unfortunately, price reversals triggered my b/e,
oh well, good to know that price has finally reach my intended target at S/R level. to a tune of +150 pips. oh well.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Nov. 14 04.54.jpg Size: 119 KB
  • #222
  • Nov 14, 2011 9:10am Nov 14, 2011 9:10am
Quoting dddd
at +98 pips = 1.2858, i am selling 1st TP into that resistance. 2nd TP = 1.2925.
close out final trade at 1.2915 due to round number 1.2900 below that area of 1.2925.

profit = +150pips. risk was -24 pips.

chart attached:
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Nov. 14 10.02.jpg Size: 114 KB
  • #223
  • Nov 15, 2011 7:57am Nov 15, 2011 7:57am
Do you know a good broker for these exotics: PLN, NOK, SEK.(usd, eur, gbp). my spread here is 25 pips. which sometimes affect my r/r on my trade. Making me pass some over. e.g. take this earlier EUR/SEK trade for example. i couldnt enter at 9.156 because of the big spread. Otherwise, it would have been a positive trade.

chart attached:
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Nov. 15 08.50.jpg Size: 118 KB
  • #224
  • Nov 15, 2011 12:31pm Nov 15, 2011 12:31pm
Quoting dddd
Do you know a good broker for these exotics: PLN, NOK, SEK.(usd, eur, gbp). my spread here is 25 pips. which sometimes affect my r/r on my trade. Making me pass some over. e.g. take this earlier EUR/SEK trade for example. i couldnt enter at 9.156 because of the big spread. Otherwise, it would have been a positive trade.

chart attached:
FXCM has them
Bulls are stupid Animals!especially when Im short!
  • #225
  • Nov 15, 2011 12:52pm Nov 15, 2011 12:52pm
Quoting roughtrader
FXCM has them
yeah, my main interest is: their spread (much)lower than 25 pips for NOK, SEK, PLN (against eur, usd, gbp).?

Maybe i will just have to check out interactive brokers.....
  • #226
  • Nov 15, 2011 8:01pm Nov 15, 2011 8:01pm
Quoting dddd
CAD/JPY.....cad gdp NEWS coming at 8:30am EST. beware. It is a little bit in progress already. The gdp news will either move things to BE or adds fuel to the downward momentum.

Quoting dddd
price has since dropped to 76.03 = +200pips.
CADJPY price has since dropped to 74.97. That was +300 pips. Took some off the table. due to the S/R level (blueline). i wont be surprised at a bounce. I am quite interested to see if it will drop all the way to 72.00 area. That will be awesome.

chart update attached:
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Nov. 15 20.58.jpg Size: 118 KB
  • #227
  • Edited 10:31am Nov 21, 2011 9:59am | Edited 10:31am
Quoting dddd
CADJPY price has since dropped to 74.97. That was +300 pips. Took some off the table. due to the S/R level (blueline). i wont be surprised at a bounce. I am quite interested to see if it will drop all the way to 72.00 area. That will be awesome.

chart update attached:
update on cadjpy: iT HAS dropped by additional +100pips to 73.97 = making total pips = +400pips. I will probably exit at 72.97 or so. That means, if everything goes as planned, i would have risked -50pips to make +500 pips. r/r = 1:10. At most, i will exit at 72.70. But still, i will keep an eye on it to see if it goes to 72.00 area. just to see how it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Nov. 21 10.58.jpg Size: 118 KB
  • #228
  • Nov 22, 2011 3:56am Nov 22, 2011 3:56am
nzd/cad is at monthly/weekly confluence point: 0.7766
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdcadmonthly.jpg Size: 102 KB
Click to Enlarge Name: nzdcadweeklyconfluence.jpg Size: 116 KB
  • #229
  • Nov 24, 2011 12:26pm Nov 24, 2011 12:26pm
Quoting dddd
nzd/cad is at monthly/weekly confluence point: 0.7766
i dont like the way it is behaving...meandering around....i liquidated at B/E. nothing much.
  • #230
  • Nov 25, 2011 8:56am Nov 25, 2011 8:56am
I've been following this thread with much interest. You are doing a good work!!! Thank you for sharing your charts.
  • #231
  • Nov 27, 2011 7:29pm Nov 27, 2011 7:29pm
Quoting dddd
nzd/cad is at monthly/weekly confluence point: 0.7766
now up by + 71 pips. (chart attached). the NZD news that came up give it the jolt. unfortunately, this already happened. Moving on to the next one.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdcad.jpg Size: 77 KB
Click to Enlarge Name: nzdcadweekly.jpg Size: 68 KB
  • #232
  • Dec 12, 2011 5:27pm Dec 12, 2011 5:27pm
Guys I do not want to drop this thread but I have started another thread that explains what I am doing better. Please feel free to join in at "Daily Chart W/ 10sma". Thanks
Please ask questions and share your experiences with us all!
  • #233
  • Dec 21, 2011 10:31pm Dec 21, 2011 10:31pm
Hi Bkg,

Glad to find your thread here. Trendline trading looks amazing and it's refreshing to see a thread where people are talking about how many pips they are making, instead of how to setup 500 indicators used in the latest convoluted trading system.

This new thread your speaking of, how can I find it? I just tried browsing the Trading Journals sections and did not see it.
  • #234
  • Mar 8, 2021 7:47pm Mar 8, 2021 7:47pm
Attached Image (click to enlarge)
Click to Enlarge Name: 6fc9bfaa8acd8961b5f2347fb2823ab0.png Size: 264 KB

Seeing how I am not smart enough to figure out how to start a new thread I will try to revitalize this thread. I use daily trendlines with support and resistance to make my trades. If you are interested in this type of trading please jump on board!
Please ask questions and share your experiences with us all!
  • #235
  • Last Post: Mar 8, 2021 7:51pm Mar 8, 2021 7:51pm
Attached Image (click to enlarge)
Click to Enlarge Name: c988c5b8a802a6cfadca5b8608678f65.png Size: 264 KB
Trade #2
Please ask questions and share your experiences with us all!
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