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My way of trading by Using trend line , BL line & febo level

  • #41
  • Oct 24, 2010 5:08am Oct 24, 2010 5:08am
Quoting Mortician.
I have my own version of greenius strategy. I like the touch of the trendline to happen between the 38 and 61 fib level. I like a RN in that area. Then, i like to go to 1/8th or 1/4th time frame of the setup chart to look for a 1,2,3 technical pattern formation. using the entire length of that 1,2,3 formation as my risk. that is just me.
Understood...sounds good also.
  • #42
  • Jun 15, 2011 8:33pm Jun 15, 2011 8:33pm
Quoting greenius
Hello trader


And also whats link between BL and Febo level this the new Thread of greenius 1st does this system worked great I can say it’s 80% to70 % profitable and I you will discover it by your self


greenius

hi, Greennius

Very good thread, TL breakout system is a powerful and profitable strategy.After the breakout, key pivot zone and round numbers, and fibo retracement levels are factors that will lead a false signal of TL breakout. Still, it is a not easy to catch every breakout because of the misleading false breakout signal.

Joey
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  • #43
  • Sep 8, 2011 11:01am Sep 8, 2011 11:01am
Hello every one the system work smoothly
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GREENIUS
  • #44
  • Sep 28, 2011 7:39pm Sep 28, 2011 7:39pm
Quoting greenius
Hello every one the system work smoothly
hello there greenius, like your style. i use it on lower time frame to squeeze out larger r/r. keep up the good work.
  • #45
  • Sep 28, 2011 7:43pm Sep 28, 2011 7:43pm
Quoting hotjoey
hi, Greennius

Very good thread, TL breakout system is a powerful and profitable strategy.After the breakout, key pivot zone and round numbers, and fibo retracement levels are factors that will lead a false signal of TL breakout. Still, it is a not easy to catch every breakout because of the misleading false breakout signal.

Joey
you know what i normally do? after a breakout of 4hrTL with price retracing to hit the 4hrTL...before continuing in the direction of the breakout..... I will go to lower time frames....sometimes as low as 5mins and draw another internal TL on the retracing price action and wait for a breakout and retest of the 5mins time frame TL which is inside the H4 breakout retracing price action...
essentially, i repeat the same thing inside the method...a method within a method. using the 4hr breakout trendline as s/r
  • #46
  • Sep 29, 2011 2:57am Sep 29, 2011 2:57am
Quoting dddd
you know what i normally do? after a breakout of 4hrTL with price retracing to hit the 4hrTL...before continuing in the direction of the breakout..... I will go to lower time frames....sometimes as low as 5mins and draw another internal TL on the retracing price action and wait for a breakout and retest of the 5mins time frame TL which is inside the H4 breakout retracing price action...
essentially, i repeat the same thing inside the method...a method within a method. using the 4hr breakout trendline as s/r

hi man great that you find thread useful
GREENIUS
  • #47
  • Sep 30, 2011 8:20am Sep 30, 2011 8:20am
limit order in EU
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GREENIUS
  • #48
  • Sep 30, 2011 12:47pm Sep 30, 2011 12:47pm
Quoting greenius
limit order in EU
unless i am missing something, i thought the trade is already triggered(check arrow in chart below). we had that pullback to 1.3563, that is when the trade triggered.
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  • #49
  • Sep 30, 2011 1:21pm Sep 30, 2011 1:21pm
I like your trading stile , it reminds me mine .
  • #50
  • Sep 30, 2011 1:31pm Sep 30, 2011 1:31pm
If trendline holds it's going up .
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  • #51
  • Sep 30, 2011 1:49pm Sep 30, 2011 1:49pm
Quoting LeanLowFx
If trendline holds it's going up .

i do the same thing without the indicators. i just read price action. Of course, i pay attention to the higher trend.

rock on
  • #52
  • Dec 23, 2013 8:10am Dec 23, 2013 8:10am
This seem like a good system! I would avoid everything else (fib, and indi boxes at the bottom of chart) except the trend lines and the break of trend lines on chart. Post one!
  • #53
  • Dec 26, 2013 5:47am Dec 26, 2013 5:47am
Great system！It is an easy way to find a good entry .
  • #54
  • Dec 26, 2013 10:45am Dec 26, 2013 10:45am
hi every one , rellay i am happy to find this way useful , so lets heat up and work to gather since this way not required full time
GREENIUS
  • #55
  • Dec 26, 2013 10:49am Dec 26, 2013 10:49am
eg
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GREENIUS
  • #56
  • Dec 30, 2013 4:22am Dec 30, 2013 4:22am
gold
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GREENIUS
  • #57
  • Jan 16, 2014 12:01am Jan 16, 2014 12:01am
You people are great, I have change my previous method of trading to a better profitable way through this thread, i will continue following great people of this thread.
  • #58
  • Feb 10, 2014 7:24am Feb 10, 2014 7:24am
This thread is perhaps the most practical one for my trades, thanks a lot ,greenius!
  • #59
  • Feb 11, 2014 3:24am Feb 11, 2014 3:24am
The picture I edited in post 55 by Greenous. What would you think?
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  • #60
  • Edited 8:34am Feb 12, 2014 8:10am | Edited 8:34am
I love the simple things and this is one of them, you dont need more in forex than a trend line to operate. A trend line is more accuarte than ma, thats something that people dont understand.

Whats your win loses ratio?
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