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Trendline breakouts

  • #401
  • Dec 22, 2012 11:56pm Dec 22, 2012 11:56pm
trendlines (i use mouteki/tom demark trendlines) is my main method of trading mixed in with a few other deciding factors which i will not mention here because it has nothing to do with emacros way. if your willing to take a few 20 to 50 point losses and let your trades run this method will pay off for you in the long run..

WENDIGO
  • #402
  • Dec 23, 2012 6:34am Dec 23, 2012 6:34am
Hi newdigital,

Why don't you place your Buy Stop and Sell stop at the lines Blue and red ?

Thanks a lot for sharing,
King regards !
Trade Safe !
  • #403
  • Dec 23, 2012 2:58pm Dec 23, 2012 2:58pm
I placed. Pending orders or market orders.
Those lines are moved all the time ...
  • #404
  • Dec 23, 2012 5:20pm Dec 23, 2012 5:20pm
Yes but when the lines have changed and anyone of stop order is opened, do you change the stop order or when a stop order is took it doesnt change. Thanks!
Trade Safe !
  • #405
  • Dec 23, 2012 11:01pm Dec 23, 2012 11:01pm
Quoting newdigital
I placed. Pending orders or market orders.
Those lines are moved all the time ...
hi newdigital,i was trying your temple with M1,but no really know how you make an oder when the moment
can you tell me how you trade when you see like that pic i post,and what the round in the number for??
Attached Image
  • #406
  • Edited 7:06am Dec 26, 2012 1:51am | Edited 7:06am
Quoting Goodgame42
Yes but when the lines have changed and anyone of stop order is opened, do you change the stop order or when a stop order is took it doesnt change. Thanks!
Yes, dotted lines are moved and I am modifying pending orders.
If by few points so not a problem but if some pips - I am moving/modifying stop orders too.

Quoting oswin
hi newdigital,i was trying your temple with M1,but no really know how you make an oder when the moment
can you tell me how you trade when you see like that pic i post,and what the round in the number for??
Hi oswin,

I just download and instal this template once again (trendlines_mtf.tpl file from this post - I do not have those numbers.
We are talking about dotted lines (both lines - in blue and red color).



=======

- MaksiGen indicator is on this post (indicator is drawing s/r/tl depends on preselected number of bars).
- MTrendLine alert indicator is on this post.
- MaksiGen_Range_Move mtf 2 indicator is on this post.
- Template to trade or monitor M1 timeframe is on this post.
  • #407
  • Dec 26, 2012 3:06am Dec 26, 2012 3:06am
Quoting newdigital
Yes, dotted lines are moved and I am modifying pending orders.
If by few points so not a problem but if some pips - I am moving/modifying stop orders too.



Hi oswin,

I just download and instal this template once again (trendlines_mtf.tpl file from this post - I do not have those numbers.
We are talking about dotted lines (both lines - in blue and red color).



=======
[font=Arial][size=1]
[i][size=1]- MaksiGen indicator is on [url="http://www.forexfactory.com/showthread.php?t=222729&page=25"]this...
[/quote]

thanks your reply,may i know how you will make an pending order like the pic i post,that pis is EU m1,thanks you so much~
Attached Image
  • #408
  • Dec 26, 2012 4:20am Dec 26, 2012 4:20am
From the Uploaded chart what am to do
also can u please summarize the rules for buy and sell or staying out of market using ur indicators
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY,H1]_2012-12-26_11-16-45.png Size: 15 KB
  • #409
  • Dec 26, 2012 7:10am Dec 26, 2012 7:10am
Quoting cku
From the Uploaded chart what am to do
also can u please summarize the rules for buy and sell or staying out of market using ur indicators
thanks
Your screenshot from post #57 is very good.
But how can I summarize?
This is support/resistance trading ... a lot of information published ... it is impossible to summarize in one-two posts sorry.
Just read all my posts here.


By the way, this is not good time for trading (Christmas and New Year time). Some people are not trading on December for example.
Anyway - I am planning to continue this trading and I hope that everybody will see some trading examples to understand about how to trade.


=======

- MaksiGen indicator is on this post (indicator is drawing s/r/tl depends on preselected number of bars).
- MTrendLine alert indicator is on this post.
- MaksiGen_Range_Move mtf 2 indicator is on this post.
- Template to trade or monitor M1 timeframe is on this post.
  • #410
  • Dec 26, 2012 7:18am Dec 26, 2012 7:18am
Because it is the end of December now - not very good time for trading.

You can see the ranging market condition for EURUSD and USDCHF:

Attached Image (click to enlarge)
Click to Enlarge Name: market_eurusd.jpg Size: 197 KB


Attached Image (click to enlarge)
Click to Enlarge Name: market_usdchf.jpg Size: 194 KB


The situation for GBPUSD is more good but it is non-trading area/time/zone anyway for now:

Attached Image (click to enlarge)
Click to Enlarge Name: market_gbpusd.jpg Size: 194 KB


I will continue this trading but I want to be sure that market is supporting this trading on M1


=======

- MaksiGen indicator is on this post (indicator is drawing s/r/tl depends on preselected number of bars).
- MTrendLine alert indicator is on this post.
- MaksiGen_Range_Move mtf 2 indicator is on this post.
- Template to trade or monitor M1 timeframe is on this post.
  • #411
  • Dec 26, 2012 7:20am Dec 26, 2012 7:20am
So, let's wait for few hours ok?
By the way - I do not like to trade in the end of this month ... too risky sorry.


=======

- MaksiGen indicator is on this post (indicator is drawing s/r/tl depends on preselected number of bars).
- MTrendLine alert indicator is on this post.
- MaksiGen_Range_Move mtf 2 indicator is on this post.
- Template to trade or monitor M1 timeframe is on this post.
  • #412
  • Jan 9, 2016 9:42pm Jan 9, 2016 9:42pm
Hi all,

Trendline breakout is my main trading strategy. Glad to found this thread.

Hope to share and gain on how to use this strategy effectively and profitably.
Attached Image (click to enlarge)
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  • #413
  • Jan 11, 2016 8:35pm Jan 11, 2016 8:35pm
Anticipating breakout above (pending buy-stop order).

Stop loss just below 170.00 level just in case we are wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_2155.jpg Size: 173 KB
  • #414
  • Jan 11, 2016 9:00pm Jan 11, 2016 9:00pm
Nice thread!

Its what I use also. Currently watching the NZDUSD looking for another leg down.....lets see if it happens
  • #415
  • Feb 9, 2016 7:28am Feb 9, 2016 7:28am
Another TL breakout in play for GBPJPY.
Attached Image (click to enlarge)
Click to Enlarge Name: gj-090216.png Size: 53 KB
  • #416
  • Feb 9, 2016 8:48am Feb 9, 2016 8:48am
Speaking of breakouts, what on earth caused the GBP/JPY to drop 400 pips in 7 hours yesterday?
  • #417
  • Last Post: Apr 27, 2016 11:47pm Apr 27, 2016 11:47pm
Another clean breakout!
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpeg Size: 157 KB
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