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  • #14,901
  • Mar 28, 2012 4:58am Mar 28, 2012 4:58am
Joffie when drawing trend lines, how do you understand exactly where to draw them? Ive always had issues with them and its probably just me. Have a look at screenshots below and see if you can see anything in them. I would originally draw out number 1 and then it gets broke and you have a new one forming.

And if you look at second screenshot you'll see price broke above the first line and if you're not taking every trade theres an example of pips you would of missed out on

Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 353 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 383 KB
  • #14,902
  • Mar 28, 2012 5:04am Mar 28, 2012 5:04am
Quoting chewz
Well I traded with this last year and in 2010 then went abroad for 6 months and have recently came back and started trading again. I've been asking questions here since alot has changed on thread since then.

Basically you need a tdi which updates/moves in real time. So you can see the very last bit on the tdi move with the candles. I enter on a tdi cross....and thats it!. Sometimes i may look at pa but generally I dont because as I said before you can look at something and its telling you not to enter the trade, when in fact it does the opposite....
Chewz - I assumed you trade exclusively with 4hr charts??? Please confirm.
  • #14,903
  • Mar 28, 2012 5:06am Mar 28, 2012 5:06am
Quoting chewz
Well I traded with this last year and in 2010 then went abroad for 6 months and have recently came back and started trading again. I've been asking questions here since alot has changed on thread since then.

Basically you need a tdi which updates/moves in real time. So you can see the very last bit on the tdi move with the candles. I enter on a tdi cross....and thats it!. Sometimes i may look at pa but generally I dont because as I said before you can look at something and its telling you not to enter the trade, when in fact it does the opposite....
WOW

I salute you sir.
  • #14,904
  • Mar 28, 2012 5:30am Mar 28, 2012 5:30am
[quote=chewz;5518922]Joffie when drawing trend lines, how do you understand exactly where to draw them? Ive always had issues with them and its probably just me. Have a look at screenshots below and see if you can see anything in them. I would originally draw out number 1 and then it gets broke and you have a new one forming.

And if you look at second screenshot you'll see price broke above the first line and if you're not taking every trade theres an example of pips you would of missed out on

Hi Chewz,

To me the first chart, your first trend line is not correct to how I draw trend lines. I draw them as always a outer trend line, meaning I want to see price always break the outer bounderies before looking for a trend reversal. I draw them from the highs or lows, some other traders place their trend lines differently, but its all how you see the markets.

Price action trading for me with trend lines, is a break test continuation, like the audusd sell I posted on here last week was a perfect example of this.
I have attached a plain chart of how I would see a outer trend line, and a 1hr chart of the last buy from a 4hr retrace trend linen break then retrace testing with a entry on the 1hr chart.

You see I dont trade just with this method- my trading style has always been about price action, I just found another way to trade the 4hr charts using the tdi from this thread, thats why I have decided to not post here any longer, so not to confuse new comers.

joffie
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 4hr.gif Size: 33 KB
Click to Enlarge Name: eurusd 1hr.gif Size: 24 KB
  • #14,905
  • Mar 28, 2012 5:35am Mar 28, 2012 5:35am
Quoting Erebus
follow the instructions.............. for now

......... read the USER GUIDE for the forum later, at before your next basic question

Thanks Now I read it half of it , but i didnt contiune since it talks about indicators, system bar counts etc.. rather then pure price action.
  • #14,906
  • Mar 28, 2012 5:36am Mar 28, 2012 5:36am
[quote=joffie;5519063]
Quoting chewz
Joffie when drawing trend lines, how do you understand exactly where to draw them? Ive always had issues with them and its probably just me. Have a look at screenshots below and see if you can see anything in them. I would originally draw out number 1 and then it gets broke and you have a new one forming.

And if you look at second screenshot you'll see price broke above the first line and if you're not taking every trade theres an example of pips you would of missed out on

Hi Chewz,

To me the first chart, your first trend...
Hello joffie, I may be being blind as I have not looked through all your posts but I am interested in the FF calendar indi on your charts.. can you possible post it please?!?! Thanks in advance.

EDIT FOUND IT ON ANOTHER THREAD - for anybody who wanted it i found it here

http://www.forexfactory.com/showthread.php?t=19293
  • #14,907
  • Mar 28, 2012 6:57am Mar 28, 2012 6:57am
Quoting kokopelli
Hey Joe, can you post the BBpB indicator?
Here ya go..
Attached File(s)
File Type: mq4 Bollinger %b.mq4   2 KB | 556 downloads
  • #14,908
  • Mar 28, 2012 7:33am Mar 28, 2012 7:33am
Quoting jsmanuse
Here ya go..
Joe, you said earlier that you use a fairly short interval setting for the Bollinger indicator. Would you mind sharing your settings, as I'd be interested to see how I can work this in.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #14,909
  • Mar 28, 2012 7:57am Mar 28, 2012 7:57am
Quoting By_Tor2114
Joe, you said earlier that you use a fairly short interval setting for the Bollinger indicator. Would you mind sharing your settings, as I'd be interested to see how I can work this in.
Go to the indicator's "input" tab and change the period from 20 to 5.
  • #14,910
  • Mar 28, 2012 7:58am Mar 28, 2012 7:58am
Quoting jsmanuse
Here ya go..
Thanks Joe!!!
  • #14,911
  • Mar 28, 2012 8:07am Mar 28, 2012 8:07am
khidir: yes thats 100% monthly. I have no other stats as wanted to see a months worth. I have multiple accounts and I use 4hour only

Joffie can you take a look at this screenshot. I have placed lines where I believe you would of. Is that right? And my question is would you of taken trades where I put a plus (+) sign next to? Bounce trades basically which are not near the trend line?


Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 381 KB
  • #14,912
  • Mar 28, 2012 8:41am Mar 28, 2012 8:41am
Hi, sorry joffie its the last one I post.

would this be your interpretation of of the usd/chf latest?. I wouldnt bother not posting on the thread just because I said that, it happened months ago and no one sways with the original method here anyway and its unlikely it will ever revert.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 356 KB
  • #14,913
  • Mar 28, 2012 11:19am Mar 28, 2012 11:19am
Quoting chewz
Hi, sorry joffie its the last one I post.

would this be your interpretation of of the usd/chf latest?. I wouldnt bother not posting on the thread just because I said that, it happened months ago and no one sways with the original method here anyway and its unlikely it will ever revert.

Attachment
Hi, I have posted a chart of the 2 pairs in question, placing my trend lines on the charts, and showing my entry candles within the shaded area's. The only difference's are that I follow price at key area's of supply and demand, and support and resistance. Mainly I trade with the trend only, unless I have a good counter trend entry.

joffie
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 34 KB
Click to Enlarge Name: usdchf.gif Size: 32 KB
  • #14,914
  • Mar 28, 2012 11:23am Mar 28, 2012 11:23am
Trades I have taken this week update. Took sell on the gbpusd today and took profits at my level, still in the audusd sell, and buy on the usdcad.

joffie
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd sell of daily and 4hr supply to 4hr demand.gif Size: 34 KB
Click to Enlarge Name: gbpusd sell to 4hr demand profit taken.gif Size: 33 KB
Click to Enlarge Name: audusd sell of 4hr supply.gif Size: 34 KB
Click to Enlarge Name: audusd at break even.gif Size: 34 KB
Click to Enlarge Name: usdcad at break even.gif Size: 37 KB
  • #14,915
  • Mar 29, 2012 3:41am Mar 29, 2012 3:41am
I have a set-up I may take at close of this 4hr candle, being in 1.5hrs time,
I sold yesterday down to the trend line and start of 4hr/ daily demand, where if you look at the charts you will see price gave a bounce of this trend line area.

I still am seeing price able to move lower down to the zone of the 4hr and daily demand, so if I see price closing back below the 5ema with a upper wick and bounce on the tdi I will be selling down to the zone highlighted, expecting a break of the trend line. Normalling in this situation I would have been looking to buy, but since using the supply and demand it still shows me movement down to demand. But I may be wrong.

What is your views on this trade?

joffie
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 36 KB
  • #14,916
  • Mar 29, 2012 7:01am Mar 29, 2012 7:01am
I think you a referning to GBPUSD, not sure as it doesnt say, but there seems to be alot of strong ressistance turned support on that level. I have been watching this pair too. My candle is closing now but news in 30 minutes. Very tempting but think im gona stick to my rules, no trades before news. your candle closes later though.
  • #14,917
  • Edited 8:31am Mar 29, 2012 7:53am | Edited 8:31am
EURUSD 4HR bounce trade taken today, managed 22 pips from the market, had to close it as the unemployment claims were coming out from the USA

3 trades this week, 3 wins. About a month and a week since I started trading this very easy method and as of today 85% winners. Thank you Big E.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 71 KB
  • #14,918
  • Mar 29, 2012 8:30am Mar 29, 2012 8:30am
Just a crazy though that popped into my head:

Being that some brokers will start a 4 hour candles at different times to others, could it be that some are achieving different results because of that? It might be that some are getting into the market at a better time due to when the 4 hour candle is started by their broker.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #14,919
  • Mar 29, 2012 9:01am Mar 29, 2012 9:01am
Quoting By_Tor2114
Just a crazy though that popped into my head:

Being that some brokers will start a 4 hour candles at different times to others, could it be that some are achieving different results because of that? It might be that some are getting into the market at a better time due to when the 4 hour candle is started by their broker.
Could be but im not so sure, i have my live account on GMT and another demo on GMT+2, i would still take the same trades, not much of a diffrence. I think people here are not posting their trades, if they post their losses too (charts) then other members can advise them on where they might have gone wrong. Very seldom do I see loss charts here. It would be beneficial to everyone to learn from them.
  • #14,920
  • Mar 29, 2012 9:19am Mar 29, 2012 9:19am
This is one to watch for, the usdjpy is at a major level, either see a bounce off here or looking for a break down.

joffie
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 31 KB
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