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Attachments: Buy sell line trading
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Buy sell line trading

  • #1,021
  • Mar 28, 2012 3:08am Mar 28, 2012 3:08am
Silver (to go long)
Attached Image
If you think you can or cannot do it you are correct
  • #1,022
  • Mar 28, 2012 3:11am Mar 28, 2012 3:11am
Quoting nilnuk
I see most trade done in H4 timeframes. Is there any reason why no one uses the daily charts?
Just about the right timeframe for me as I work a 9-6 and can just about check the charts every 4 hours. Looking to move to the daily though asap. Then that will be freedom + profit

Olu
If you think you can or cannot do it you are correct
  • #1,023
  • Mar 28, 2012 3:18am Mar 28, 2012 3:18am
Quoting Olu
Just about the right timeframe for me as I work a 9-6 and can just about check the charts every 4 hours. Looking to move to the daily though asap. Then that will be freedom + profit

Olu
If you do trade 4 hour chart, trade a strategy that has leniency in giving entry and/or exit signals and doesn't require you check in every four hours. That way you can skip a few bars/candles and still execute your strategy. Since humans sleep about 8 hours on average, it is very difficult to be on charts so frequently when trading solo. Not to mention it becomes alot of work. Mobile devices can make it easier however.
  • #1,024
  • Mar 28, 2012 3:20am Mar 28, 2012 3:20am
Quoting airgead
Thanks for this great threat . It is simple and easy to follow and I have been getting good results. I only take the trades when the daily 4h and 1 hr are all in synch either all above the sma or all below. Less trades but overall they seem to be more successful. I have mainly been taking 1 hr as i dont have the bank to expose my account with bigger stops at this time.

Slow and steady....
thats great airgead...

just remember the size of the stop doesn't matter, you have to adjust your lot size so every trade is the same %age of your account... thats the key money management part of the strategy..
tradewith60
  • #1,025
  • Mar 28, 2012 3:21am Mar 28, 2012 3:21am
EURJPY H4 seem to engulf.
  • #1,026
  • Edited 3:36am Mar 28, 2012 3:36am | Edited 3:36am
Quoting Shawonaiub
Your strategy looks very good but how can we understand trend line going to break .....??? I mean how can we understand that this trend line will sustain how many days...???

thank U
You trade the reaction to the trend line (or ma), so if trend line/ma holds and you get another signal in same direction fine. If trend line/ma fails then you look for next signal in the new direction.

See the above silver chart where the new potential buy set up that may play out following cross of ma is pretty clear.
  • #1,027
  • Mar 28, 2012 3:51am Mar 28, 2012 3:51am
Quoting 2+2=4ex
If you do trade 4 hour chart, trade a strategy that has leniency in giving entry and/or exit signals and doesn't require you check in every four hours. That way you can skip a few bars/candles and still execute your strategy. Since humans sleep about 8 hours on average, it is very difficult to be on charts so frequently when trading solo. Not to mention it becomes alot of work. Mobile devices can make it easier however.
This is what this strategy gives me - leniency. I can always sneak and check on my phone intra-4h if I am not asleep but I tend to want to leave things to avoid over managing the trades. Daily would be just fine. I have even experimented with weekly!

Olu
If you think you can or cannot do it you are correct
  • #1,028
  • Mar 28, 2012 4:18am Mar 28, 2012 4:18am
no strong signals be back in 4
  • #1,029
  • Mar 28, 2012 4:31am Mar 28, 2012 4:31am
Quoting Vantage
You trade the reaction to the trend line (or ma), so if trend line/ma holds and you get another signal in same direction fine. If trend line/ma fails then you look for next signal in the new direction.

See the above silver chart where the new potential buy set up that may play out following cross of ma is pretty clear.
Hey Vantage great to see you here, similar concept in our approach...

trend and price action...

you still consistent? do you have a similar concept for risk? do you set risk to the same amount for every trade?
tradewith60
  • #1,030
  • Mar 28, 2012 4:56am Mar 28, 2012 4:56am
Quoting Olu
Silver (to go long)
There is a justification for going long though but it would not be according to this strategy

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #1,031
  • Mar 28, 2012 6:01am Mar 28, 2012 6:01am
EJ H1

aiming for retest of yesterdays high and TP
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-03-28 at 12.00.49.jpg Size: 48 KB
tradewith60
  • #1,032
  • Mar 28, 2012 8:28am Mar 28, 2012 8:28am
nothing worth hollerin bout. No strong 4 hr signals
  • #1,033
  • Mar 28, 2012 8:30am Mar 28, 2012 8:30am
Quoting Olu
There is a justification for going long though but it would not be according to thist is your thoughts strategy

Olu

what is your thoughts on gold ?

iam short from 1686 with tight stop. thinking of leaving it running for a few days.
  • #1,034
  • Mar 28, 2012 8:59am Mar 28, 2012 8:59am
I actually took the H4 AUD/USD signal....Not the strongest of signals, but there is room to move to at around 1.0350. Currently up about 20pips.
  • #1,035
  • Mar 28, 2012 9:04am Mar 28, 2012 9:04am
Quoting distantpulse
I actually took the H4 AUD/USD signal....Not the strongest of signals, but there is room to move to at around 1.0350. Currently up about 20pips.
pic of this au signal? definitely not on my broker
  • #1,036
  • Mar 28, 2012 9:07am Mar 28, 2012 9:07am
Quoting whatfx
what is your thoughts on gold ?

iam short from 1686 with tight stop. thinking of leaving it running for a few days.

According to the thread on this system you should only be looking to go long on gold.

However where the euro goes so does gold. Below is what I wrote on my blog a few days ago. Short term there is weakness in the stock market and the euro so there will be profit on the gold sell - and silver sell.
Hope this helps

Quote
I know. I know. I know. The eternal dollar bull bullish on Gold. Don't blame me I say it the way I see it. And if you read a write-up I made on not getting married to a concept or position you would understand why I am putting this out.

Gold went down and consoludated into a channel. We have a breakout of that channel in a big way today. This baby might be on the way again to 1800. A break of 1720 area where the line is will give more confidence while a retreat back into the channel means it was just a dream
If you think you can or cannot do it you are correct
  • #1,037
  • Mar 28, 2012 9:18am Mar 28, 2012 9:18am
Quoting fxfury
pic of this au signal? definitely not on my broker
http://i44.tinypic.com/16sck7.jpg
  • #1,038
  • Mar 28, 2012 9:32am Mar 28, 2012 9:32am
Quoting distantpulse
http://i44.tinypic.com/16sck7.jpg
our brokers vary by one hour so i had a red where u had a green. ill make sure to check the one hour more
  • #1,039
  • Mar 28, 2012 9:37am Mar 28, 2012 9:37am
Quoting fxfury
our brokers vary by one hour so i had a red where u had a green. ill make sure to check the one hour more
Gotcha....As of now, the trade is +37. I am thinking there will be some type of resistance around that 1.0350 area. Looking to take my profits in about 8-10 pips.
  • #1,040
  • Mar 28, 2012 12:15pm Mar 28, 2012 12:15pm
no trades, usdchf on the 4 is the only one looking good on my feed by i would rather wait to place bets on some good signal tomorrow watching eu gu after a nice retracement to the 50sma
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