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Two Lines and a Chart

  • #41
  • Jan 4, 2012 6:53am Jan 4, 2012 6:53am
First trade hit SL. SS order was placed. Trendlines remain where they are.

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Quoting damonl
Thought I would post this as well. It is a pending order on a chart without so much clutter. I will continue to post this chart if the pending order changes to a different location or if the trade is triggered.

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"Keep your eyes on the helpers" - Mr. Rogers
  • #42
  • Jan 4, 2012 6:56am Jan 4, 2012 6:56am
Conditions where met and upper trendline was able to be moved higer. Looking for conditons met for a second long entry.

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"Keep your eyes on the helpers" - Mr. Rogers
  • #43
  • Jan 4, 2012 10:10am Jan 4, 2012 10:10am
New BS order in place.

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"Keep your eyes on the helpers" - Mr. Rogers
  • #44
  • Jan 4, 2012 10:15am Jan 4, 2012 10:15am
SS set.

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"Keep your eyes on the helpers" - Mr. Rogers
  • #45
  • Jan 4, 2012 10:20am Jan 4, 2012 10:20am
Rules set the placement of the blue trendline. Price above our blue line. Green candlestick. BS entry set for a possible second long trade.

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"Keep your eyes on the helpers" - Mr. Rogers
  • #46
  • Jan 4, 2012 3:09pm Jan 4, 2012 3:09pm
Conditions were met to move down the red trend line. If we don't get stopped out we will be looking for a second short entry.

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"Keep your eyes on the helpers" - Mr. Rogers
  • #47
  • Jan 4, 2012 3:15pm Jan 4, 2012 3:15pm
By rule we were able to more our blue trend line higher. We are now looking for a possible second entry.

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"Keep your eyes on the helpers" - Mr. Rogers
  • #48
  • Jan 4, 2012 3:40pm Jan 4, 2012 3:40pm
By rule I was able to move the lower trendline.

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"Keep your eyes on the helpers" - Mr. Rogers
  • #49
  • Jan 4, 2012 6:26pm Jan 4, 2012 6:26pm
Opened up a second short. Price broke where we were able to move our lower line to, and so I entered again. Conditions are net yet met to mome the upper trendline.

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Quoting damonl
Conditions were met to move down the red trend line. If we don't get stopped out we will be looking for a second short entry.

Attachment
"Keep your eyes on the helpers" - Mr. Rogers
  • #50
  • Edited 7:20pm Jan 4, 2012 6:42pm | Edited 7:20pm
Since I started posting charts, I noticed that visually it seemed like a good idea to add additional entries. This thought is even newer than deciding to really test this trading concept out. So, describing to all of you the ways to enter a trade has become increasingly more difficult. Therefore, I think it will be best if I only go over the initial entry to start with as I am more sure of how to do that than I am to enter additional trades. I hope to start writing out how I go about drawing trendlines and when they can be moved this weekend. I think I draw them differently than most.

Happy trading,

Dust
"Keep your eyes on the helpers" - Mr. Rogers
  • #51
  • Jan 4, 2012 6:51pm Jan 4, 2012 6:51pm
The original short trade stopped out today. Due to the close of today's bar, the lower trendline was able to be moved. The candlestick also closed above the blue upper trendline allowing me to set a buystop order.

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"Keep your eyes on the helpers" - Mr. Rogers
  • #52
  • Jan 4, 2012 6:57pm Jan 4, 2012 6:57pm
The long trade stopped out today. Based on the rules I was able to move the UTP which takes us out of trading this pair until later. If you want you can compare how the UTL was moveb by comparing the two charts in this post.

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Quoting damonl
Breakout long. Trade entered. Red trend line now in play. The BS shown was delated and exchanged for this earlier entry.

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"Keep your eyes on the helpers" - Mr. Rogers
  • #53
  • Jan 4, 2012 7:02pm Jan 4, 2012 7:02pm
Our long trade got stopped out. Based on price action our UTL was able to be moved higher. It can be seen by comparing the two charts in this post.

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Quoting damonl
Attachment
"Keep your eyes on the helpers" - Mr. Rogers
  • #54
  • Jan 4, 2012 7:10pm Jan 4, 2012 7:10pm
The original short order stopped out. We were able to move the LTL and place a new long BS order. You can compare how the TL moved by comparing the two charts in this post.

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Quoting damonl
Attachment
"Keep your eyes on the helpers" - Mr. Rogers
  • #55
  • Jan 4, 2012 7:15pm Jan 4, 2012 7:15pm
I may have posted this one already, but my BS order has been triggered.

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"Keep your eyes on the helpers" - Mr. Rogers
  • #56
  • Edited 10:26pm Jan 4, 2012 10:10pm | Edited 10:26pm
Added a second short on break of the second LTL. I was also able to add the UTL. Charts to compare.

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Quoting damonl
Conditions were met to move down the red trend line. If we don't get stopped out we will be looking for a second short entry.

Attachment
"Keep your eyes on the helpers" - Mr. Rogers
  • #57
  • Edited Jan 5, 2012 2:51am Jan 4, 2012 10:15pm | Edited Jan 5, 2012 2:51am
LTL was able to be added. Charts to compare.

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Quoting damonl
By rule we were able to more our blue trend line higher. We are now looking for a possible second entry.

Attachment
"Keep your eyes on the helpers" - Mr. Rogers
  • #58
  • Jan 4, 2012 10:26pm Jan 4, 2012 10:26pm
The conditions were met for my LTL to be moved. After moving it, price ends up beneath it. Therefore, I adjusted my buy SL, and added a SS below the bearish bar that is below the new placement of the UTL. Charts to compare.

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Quoting damonl
Conditions where met and upper trendline was able to be moved higer. Looking for conditons met for a second long entry.

Attachment
"Keep your eyes on the helpers" - Mr. Rogers
  • #59
  • Edited Jan 5, 2012 2:50am Jan 4, 2012 10:31pm | Edited Jan 5, 2012 2:50am
Price broke the LTL. SL's and SS orders have been placed. Charts to compare.

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Quoting damonl
By rule I was able to move the lower trendline.

Attachment
"Keep your eyes on the helpers" - Mr. Rogers
  • #60
  • Jan 4, 2012 10:42pm Jan 4, 2012 10:42pm
SS triggered. There was many other times for an entry, but none of them entered. Because this last one entered, and prise is still above where the other entries would have been. I have placed SS orders beneath them as well. Any bearish bar would be in play that follows a bullish bar.

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"Keep your eyes on the helpers" - Mr. Rogers
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