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Buy sell line trading

  • #1,321
  • May 14, 2012 10:36am May 14, 2012 10:36am
Quoting pgpb
Hey 60mm,

Is that an indi you are using to identify the engulfing bars, or did you insert those little red arrows just to show us the bar?

PGPB
just mt4 arrows to highlight bars PG
tradewith60
  • #1,322
  • May 14, 2012 11:39am May 14, 2012 11:39am
Hey 60.
I notice on some of your charts you posted their was a type#2 and engulfing pattern combo signal which seems to be very reliable also.No need to mark them i was just observing.
Tex
  • #1,323
  • May 17, 2012 7:01am May 17, 2012 7:01am
mmmm lovely trends.... raining pips on H1 engulf this week

some good listening http://traderspodcast.com/episode45/
tradewith60
  • #1,324
  • May 18, 2012 1:58am May 18, 2012 1:58am
Hi 60MM
Just wanted to say a big tnx for the thread.
I'm a struggling newbie and just made my first 20 pips with your strategy.

The only thing I seem to have missed, is what is meant by a type 2 entry. I know this will be somewhere in the thread, but I can't put my finger on it.

Martin
  • #1,325
  • May 18, 2012 2:05am May 18, 2012 2:05am
Quoting ukmartin
Hi 60MM
Just wanted to say a big tnx for the thread.
I'm a struggling newbie and just made my first 20 pips with your strategy.

The only thing I seem to have missed, is what is meant by a type 2 entry. I know this will be somewhere in the thread, but I can't put my finger on it.

Martin
Hi Martin,

this will help with type 2 http://www.fxstreet.com/webinars/ses...5-9a287d091809

REMEMBER look for a pullback in a trend for your best set ups!
tradewith60
  • #1,326
  • May 18, 2012 2:08am May 18, 2012 2:08am
Really can't lose with this when trends like these kick in..
Attached Image (click to enlarge)
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tradewith60
  • #1,327
  • May 18, 2012 3:58am May 18, 2012 3:58am
Thanks for that link 60MM

That's a great video and I now understand the type 2 entry.

Looks like using these 2 entry strategies should give lots of trading opportunities

thanks again

Martin
  • #1,328
  • May 18, 2012 10:16am May 18, 2012 10:16am
A couple of H1 charts from this week, CJ and EU... obviously you wouldnt of traded the period of flat 50sma on cj, but i wanted to show the power of the price action alone..

winners white/losers red
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screen shot 2012-05-18 at 16.06.59.jpg Size: 85 KB
tradewith60
  • #1,329
  • May 20, 2012 6:15am May 20, 2012 6:15am
All you need to do is use your eyes and wait for charts like these, theres always a few in forex...

you just need a bit of concentration, patience and discipline and you can be a winner...
Attached Image (click to enlarge)
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tradewith60
  • #1,330
  • May 20, 2012 8:23am May 20, 2012 8:23am
Quoting 60minuteman
All you need to do is use your eyes and wait for charts like these, theres always a few in forex...

you just need a bit of concentration, patience and discipline and you can be a winner...
gr8 winning to u. thx sharing.
what is the purple sma ?
Trade As A Sniper
  • #1,331
  • May 20, 2012 8:35am May 20, 2012 8:35am
Quoting pama.fx
gr8 winning to u. thx sharing.
what is the purple sma ?
14 ema
tradewith60
  • #1,332
  • May 20, 2012 9:43am May 20, 2012 9:43am
But why you must show real account?

Backtest on demo!

And show results.


But strategy really looks good.


Quoting 60minuteman
and some trade results from Thursday, if theres a positive vibe on this thread I might run a trade explorer, but im wary of posting too much information on public forums, so we will see how it goes...
  • #1,333
  • May 20, 2012 12:03pm May 20, 2012 12:03pm
Quoting TotalLoser
But why you must show real account?

Backtest on demo!

And show results.


But strategy really looks good.
not sure what you mean, but welcome anyway
tradewith60
  • #1,334
  • May 20, 2012 12:16pm May 20, 2012 12:16pm
Well, if you would read your own quote below my post, you would understand.
  • #1,335
  • May 22, 2012 9:06am May 22, 2012 9:06am
Just wanted to say that I've been trading your method for a few weeks now and having nice results
This is my first post and have been looking at many threads but not found one that didn't use loads of indicators, just pure price action, very refreshing !!

I have always had a problem with deciding on a trigger of entry but your method seems to have struck a chord with me.

I hope that you haven't given up on the thread as you hinted at a while ago

But anyway you've helped a struggling trader so many thanks for sharing this method
  • #1,336
  • May 22, 2012 10:41am May 22, 2012 10:41am
Also used the method in the FTSE and Dax with some great results, just you have to be careful timing entries and covering as spread widens outside of cash market hours

Be interested if any others had an success in the indices or commodity markets
  • #1,337
  • May 22, 2012 11:38am May 22, 2012 11:38am
Quoting TotalLoser
Well, if you would read your own quote below my post, you would understand.
ah ok, i dont believe in backtesting and i dont believe in posting backtest results.
tradewith60
  • #1,338
  • May 22, 2012 11:38am May 22, 2012 11:38am
Quoting rover99x
Also used the method in the FTSE and Dax with some great results, just you have to be careful timing entries and covering as spread widens outside of cash market hours

Be interested if any others had an success in the indices or commodity markets
I trade s&p500, trends nicely....
tradewith60
  • #1,339
  • Edited 9:45pm May 22, 2012 8:31pm | Edited 9:45pm
60mm thank you

Here is my first trade of your method with clear setup taken in my live account wowwwwwww...

AUDUSD - H4

http://i641.photobucket.com/albums/u.../auchart-1.gif
  • #1,340
  • May 22, 2012 9:27pm May 22, 2012 9:27pm
Hi Sijeeva
Nice trade you got there. What pair and TF? I took a H4 short in EU this morning for 80 pips. Very nice for my first trade with this stategy. Also, If I'm not mistaken, a daily EU short has just fired. What do you guys think? Sorry, I can't post charts right now.

Hey 60MM
Thanks for bringing this strategy public here on FF. I'm wondering, I've been watching all the primo webinars and I havn't come across the alternate entry you show in post 1. Is this a primo setup or not? It's a good clean setup either way. Thanks again.
Mark
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