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Attachments: Trendline Break (The Only System You Need)
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Trendline Break (The Only System You Need)

  • #301
  • Jul 28, 2011 8:49am Jul 28, 2011 8:49am
can i ask, how do you exit heiken-ashi candles?
  • #302
  • Sep 1, 2011 5:58am Sep 1, 2011 5:58am
Quoting magicchance
There's a common belief that sell-off happens faster and with more force than buying runs. Maybe he's trying to play off that belief the same way traders use fibs. Jhig?
With stocks but not FX! It's one currency against the other...
  • #303
  • Feb 6, 2012 7:42pm Feb 6, 2012 7:42pm
Hello,

I have one question and one observation.

my question is of all the 5 star trading systems, this one is on top. does that mean this is the best system of all the 5 star systems. you can find this by pressing rating twice. first time will see all the systems with no stars, and second time will show systems starting from the 5 stars down to no stars.

I trade much, much less these days. but I did observe what Jhig said and tried to do only higher TF's. In the last 45 days, I only took 4 trades. 4/4 were winners using risk to reward of 2:1. there was also a 5th trade where I closed it on my own because it seemed to be going nowhere after 3 days which I took a loss of 50 pips on, but if I had kept it, it would have gone on to be a winner. All trades were either 4H or 1H. I entered and exited the most simple way you can think of. 4H with a 300 pip TP and 150 pip SL. 1H with a 100 pip TP and 50 pip SL. all preset.

i would like to ask the thread starter, if I continued with this, month in month out, what kind of results should I expect? Although I have yet to take a loss, but I reckon winning even half long term would be great due to the risk:reward ratio. The reason I am asking, is because once I can affirm this, it would be my interest to go into each trade with a much larger sum of money.
  • #304
  • Feb 6, 2012 8:57pm Feb 6, 2012 8:57pm
Hi Chiba

Your funny man. It is first based on when you posted time wise, click rating again and first thread will be 2006! This one was way down the list because it is not active, look at previous post date. Doesn't mean the method is good or bad, just not currently active.

cheers

Quoting chiba_san
Hello,

I have one question and one observation.

my question is of all the 5 star trading systems, this one is on top. does that mean this is the best system of all the 5 star systems. you can find this by pressing rating twice. first time will see all the systems with no stars, and second time will show systems starting from the 5 stars down to no stars.

I trade much, much less these days. but I did observe what Jhig said and tried to do only higher TF's. In the last 45 days, I only took 4 trades. 4/4 were winners using risk to reward...
  • #305
  • Feb 6, 2012 9:14pm Feb 6, 2012 9:14pm
goldsurfer,

that is not true. I understand what you are saying about the most active ones are near the top, with the one with the most recent post right at the top.

if you click the ratings button, trendline break (the only system you need) will always be at the top of the 5 star systems no matter what.
  • #306
  • Feb 6, 2012 9:27pm Feb 6, 2012 9:27pm
Er, well maybe it is random, the rating system is just user votes, like % who give it 5 stars vs % who give it 1, saying it is best or worst is like saying one girl is prettier than another or mashed potatoes is better than rice if you catch my drift....

cheers
  • #307
  • Feb 6, 2012 9:32pm Feb 6, 2012 9:32pm
I wish I would have found this thread way earlier. I just started using trendlines about a month ago. What a difference in my trading. I'll get home from work, draw the trendline on the E/U, then sit back and wait. An easy way to bag some pips while getting some screen time under my belt. I found a great read last night in regards to trendlines. I don't know if anyone else has read this or not. It even goes further into the subject.
Attached File(s)
File Type: pdf The Best Trendline Methods Of Alan Andrews & 5 New Trendline Techniques.pdf   1.3 MB | 11,297 downloads
Time turns trend. - W.D. Gann
  • #308
  • Feb 7, 2012 6:28am Feb 7, 2012 6:28am
Can you please upload the Gree Line Indicator running with heiken ashi as shown in this pic.
Attached Image (click to enlarge)
Click to Enlarge Name: Heikin Ashi MT.png Size: 39 KB
Price Is The Best Indicator Itself.
  • #309
  • Feb 7, 2012 7:17am Feb 7, 2012 7:17am
Quoting asim.iqbal
Can you please upload the Gree Line Indicator running with heiken ashi as shown in this pic.
Sorry mate, it's not an indicator. As the OP said, to see the HA candles clearly you need to go to a line chart rather than standard candles. The Line Chart option is the one on the right of the Candlestick option, to the left of the + and - Zoom In and Zoom Out choices with the wee magnifying glass, on the standard MT4 charts.
The dream will never die
  • #310
  • Feb 7, 2012 7:53am Feb 7, 2012 7:53am
Interesting system but I think it's ot usable when we are in range market and intraday. Signals aren't clear enough to open trades. But it's more usable in larger TF like H1 or D1, no?
  • #311
  • Feb 9, 2012 5:56am Feb 9, 2012 5:56am
Hey, this thing actually works very well. And I noticed that there is no need to connect whole trend with a trendline. Its enough to connect last two most obvious points.
Attached Image (click to enlarge)
Click to Enlarge Name: trendline break.jpg Size: 172 KB
  • #312
  • Mar 2, 2012 6:06am Mar 2, 2012 6:06am
http://clip2net.com/s/1EDTq
  • #313
  • Jun 6, 2012 5:31am Jun 6, 2012 5:31am
Funny how the threads that are the simplest, most effective and require as few indicators as possible seem to die down the quickest!

Before I started trading trendlines I spent months trying to find a strategy that fitted my style of trading. By stripping back what I thought I needed and concentrating on the basics, I found that I felt far more comfortable trading trendlines than anything else...

Price action for me anyway is the way forward and trendlines have made a massive impact on me and my trading.

For those who want a definitive trend line drawing software, I'd check out this site

http://www.truetl.com/index.html

....yes you need to pay for it...but...its like 5 quid a month and cheaper if you pay for a lifetime license. I only pay attention to the 3 touch lines and the longer orange trendlines which act as major support and resistance.

I'm using this in conjuction with the 200 SMA to gauge price direction and the symphonie trading system as a confirmation tool also. The 5 EMA is also used and once that breaks through a trend line the chances of a successful trade massively increase.

Regardless of how you trade trendlines and what you use for confirmation, it seems this way of trading puts you on the winners side more than the losers.

Any more recommendations on reading material for trendline trading?
  • #314
  • Jul 12, 2012 7:43am Jul 12, 2012 7:43am
how can we distinguish between a break and a reverse?
No place for mistakes
  • #315
  • Jul 31, 2012 2:46pm Jul 31, 2012 2:46pm
Quoting Mr Pippy
Funny how the threads that are the simplest, most effective and require as few indicators as possible seem to die down the quickest!

Before I started trading trendlines I spent months trying to find a strategy that fitted my style of trading. By stripping back what I thought I needed and concentrating on the basics, I found that I felt far more comfortable trading trendlines than anything else...

Price action for me anyway is the way forward and trendlines have made a massive impact on me and my trading.

For those who want a definitive...
I couldn't agree more.
Thanks for the link, btw. I checked their site and paid my 5 bucks, im curious to test this.
What i find interesting is the TL break alert indy, apart from the TL indy itself.
Meeeooow !!!
  • #316
  • Aug 3, 2012 7:41pm Aug 3, 2012 7:41pm
Quoting Mr Pippy
Any more recommendations on reading material for trendline trading?
It's not reading, but you'd probably be interested in Haru Miyagi's youtube vids. I've been trading using a semi-automatic S/R/ trendline EA for over a year now. It's far less stressful and more common-sense than some of the indi-ridden "systems" out there.
  • #317
  • Nov 13, 2012 7:51pm Nov 13, 2012 7:51pm
I just wanted to keep this thread alive. This seems like a very good way to trade.
  • #318
  • Nov 14, 2012 12:08am Nov 14, 2012 12:08am
hi all
i have only started reading this thread (about half way)
looks like a simple concept
does the chart below present a valid setup?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 87 KB
  • #319
  • Nov 14, 2012 6:17pm Nov 14, 2012 6:17pm
Quoting flash4
hi all
i have only started reading this thread (about half way)
looks like a simple concept
does the chart below present a valid setup?

I am not sure exactly what setup you are referring to but if the last bearish candle closes below the trendline you have drawn then that would be the place to go short. Is this what you are referring to?
  • #320
  • Nov 14, 2012 9:22pm Nov 14, 2012 9:22pm
thats exactly what i meant
it didnt exactly go to plan but a short would have been worth while
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