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5min EUR/USD mini trendline breaks

  • #41
  • Mar 27, 2012 1:51pm Mar 27, 2012 1:51pm
Quoting TraderinSD
Hi IAK

This is very much like the Commando Trading System from the late 1990's. I trade this method on the indexes.. SP and NQ.. Your line were called rise and fall lines back then. He used a 10 and 20 EMA for his averages. Still have his manual for futrues and stock trading.. Very Good method !!

Keep it going !!!

TSD
I would like to read that manual. sounds good.
  • #42
  • Mar 28, 2012 4:52am Mar 28, 2012 4:52am
Here's one right?
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  • #43
  • Mar 28, 2012 5:22am Mar 28, 2012 5:22am
Quoting Jduester
Here's one right?

Nothing wrong with the trade its just not a flag trade( its a ledge). Attached is a e-book, it will explain everything about retracements.

Attached File(s)
File Type: zip TheLawOfCharts_freepdfebook_vsjul07.zip   960 KB | 7,568 downloads
  • #44
  • Mar 28, 2012 5:25am Mar 28, 2012 5:25am
There is one setting up on the EU if the trendline criteria holds.
  • #45
  • Mar 28, 2012 5:34am Mar 28, 2012 5:34am
2 possible setups for today... i missed both was away from my pc..
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  • #46
  • Mar 28, 2012 8:20am Mar 28, 2012 8:20am
Quoting iak
Hey guys, great to see people helping each other. Unfortunately i cant trade until next tuesday so no live ones until then im affraid. from what ive seen posted it looks like you have got the right idea.

As I mention in my first post RSI 9 on a 5min chart is great for spotting divergence. The problem with divergence is it can keep you out of a trade that would have won some pips and it can take you out of a trade too early. This is why I have put it down as optional. I am still experimenting with it really. If entering a trade that has divergence...

your system requires there to be a trend. what if a trend changes into a ranging situation after you enter trade ? you will be stopped out left right and centre...

how would you identify a ranging situation before entering trade ?
  • #47
  • Mar 28, 2012 10:28am Mar 28, 2012 10:28am
Quoting rpasupathy
Hi TraderinSD,

Can you please share the manual of that 10/20 trading method ...

I trade in stocks and futures ...

Thanks

Ganesh
Hi Ganesh

Be glad to. It's in paper binder form.. Let me copy it to a PDF and I will send it to you. Will let you know when completed.

TSD
  • #48
  • Mar 28, 2012 10:37am Mar 28, 2012 10:37am
Quoting iak
I would like to read that manual. sounds good.
Hey iak,

Will send you a copy as well.. need to convert to PDF as it is in paper form. Will let you know when completed.

TSD
  • #49
  • Mar 28, 2012 11:43am Mar 28, 2012 11:43am
Quoting Shanexx
Nothing wrong with the trade its just not a flag trade( its a ledge). Attached is a e-book, it will explain everything about retracements.

Attachment
I need more clarification on how the trade differs from the strategy in this section.
  • #50
  • Edited 11:59am Mar 28, 2012 11:46am | Edited 11:59am
Quoting whatfx
your system requires there to be a trend. what if a trend changes into a ranging situation after you enter trade ? you will be stopped out left right and centre...

how would you identify a ranging situation before entering trade ?

I know the question is toward IAK, I just want to throw out my 2 cents. I've traded a long time using just two lines. One for the last high and One for last low, if they tend to bounce back and forth between those two lines, then you have a channel which is ranging. If they break out of those two lines either way, they it starts to trend. Hope, that helps you to see when a ranging period verses a trending?

Also, I want to add that if the slop is too steep, when the prices are moving too fast. Either stay on the sideline or get into the trend right away to catch the left over pips from the run. Usually, in cases of strong moves like that when it reverses it tend to reverse heavy and goes back heavy, then you'll have a bounce up and down which can snap a trade out.
  • #51
  • Mar 28, 2012 1:59pm Mar 28, 2012 1:59pm
how we can trade this?
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  • #52
  • Mar 29, 2012 1:20am Mar 29, 2012 1:20am
Quoting Jduester
I need more clarification on how the trade differs from the strategy in this section.

The strategy uses the V-shape(uptrend) and A-shape(downtrend) retracement, hence the trendline criteria. You traded the box shape(ledge) retracement. You must remember that even a ranging market is a retracement, but that is a whole new story. Just read the e-book until it makes sense when you look at a chart.

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  • #53
  • Mar 29, 2012 1:49am Mar 29, 2012 1:49am
A trade seems to be setting up on the EU. Be carefull though London is about to open.

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  • #54
  • Mar 29, 2012 2:16am Mar 29, 2012 2:16am
I love this trendline criteria.

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  • #55
  • Mar 29, 2012 2:50am Mar 29, 2012 2:50am
This should be really easy to automate or at the very least make an indicator.

The rules are clear and it makes a lot of sense.

My favorite part is that the trend line can only give you a better entry with time.
  • #56
  • Mar 29, 2012 3:26am Mar 29, 2012 3:26am
Quoting Shanexx
I love this trendline criteria.

Attachment
What is that news indicator?
  • #57
  • Mar 29, 2012 4:33am Mar 29, 2012 4:33am
Attached Image (click to enlarge)
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Today morning trade on usdchf. What do you think guys?
  • #58
  • Mar 29, 2012 4:51am Mar 29, 2012 4:51am
Quoting Shanexx
The strategy uses the V-shape(uptrend) and A-shape(downtrend) retracement, hence the trendline criteria. You traded the box shape(ledge) retracement. You must remember that even a ranging market is a retracement, but that is a whole new story. Just read the e-book until it makes sense when you look at a chart.

Attachment
Oh, now that makes sense. thanks!
  • #59
  • Mar 29, 2012 5:52am Mar 29, 2012 5:52am
Anyone tried this on any higher timeframe?
  • #60
  • Mar 29, 2012 10:11am Mar 29, 2012 10:11am
Quoting Shanexx
The strategy uses the V-shape(uptrend) and A-shape(downtrend) retracement, hence the trendline criteria. You traded the box shape(ledge) retracement. You must remember that even a ranging market is a retracement, but that is a whole new story. Just read the e-book until it makes sense when you look at a chart.

Attachment
Where I can find this e-book?! Thanks!
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