Crystal Ship - Trend line | Forex Factory

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Crystal Ship - Trend line

  • #1
  • First Post: Edited 4:44pm Aug 14, 2014 10:49am | Edited 4:44pm
Crystal ship (CS) and Trend Buster (TB) (two strategies)

This strategy (CS) is simple, doesn't happen every day but it has great entries.

 

  1. Any pairs / product
  2. 1 hour time frame is best
  3. no indicators just trend line

In the image below:

 

  1. Ignore any and all indicators, just look at trend lines.

How to apply method in the first example, lets look at the first red line drawn upwards from left to right/ :

 

  1. Draw the trend line from second last lowest point to the closing bars of next wave
  2. This is the first wave, only sell at third wave as the first is needed to draw and confirm the possible setup
  3. sell at this point

more examples coming soon

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  • #2
  • Aug 14, 2014 10:58am Aug 14, 2014 10:58am
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  • #3
  • Aug 14, 2014 11:04am Aug 14, 2014 11:04am
Some setups are obvious, do not force a trade / setup

Notice in this AUDNZD example, the Highest high (HH) is obvious, so look for the highest point of the wave just before it, (A) in the image and there you go, now draw it to the closing price of the down wave, notice how i skipped the first gray bar, as the wave did not complete, it needed more pullback, so i used the close of the purple bar, that one is now set, and i will buy on a move back to this trend line.
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  • #4
  • Aug 14, 2014 3:19pm Aug 14, 2014 3:19pm
interesting .thank you verve.
  • #5
  • Aug 14, 2014 3:53pm Aug 14, 2014 3:53pm
Cool, If you like that then try this...

Trend Buster

Idea is we are looking for a buy in a downtrend and sell in an uptrend (buy low / sell high) but this has its risks so we wont be going for alot of pips, use ATR 100 for a gauge.

In the example below:

(A) represents the low of the first wave
(B) represents the low of the second wave
(Ax) represents a void setup due to a new HH / LL in the opposite direction

How do we gain these:

Wait for price to go lower than 24 previous bars, if a following bar pushes lower then obviously i would keep moving (A) until it is 'pegged'
(A) is pegged when 10 bars do not make a new lower low (LL)
Note* Do not consider / count 3 hour bars prior and after close of day, this activity is insignificant in most cases, ofcourse if a decent bar occurs then count it.

So once (B) is pegged, look to go long (in this example) (see arrow)

EURJPY 3 wins in July no losses
EURJPY 1 win in Aug no losses so far

So far ive only tested EURJPY - the images are from July 2014 till current, sorry didnt take images with dates its late lol
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  • #6
  • Aug 14, 2014 4:38pm Aug 14, 2014 4:38pm
Just tested GBPUSD for July to current

Images below

IMPORTANT CHANGE to entry, will explain tomoz
In brief after second wave, and 10 bars count, must have two 'buyer bars'

See last image of 24 July where 'B' would have created an entry where the thumbs up symbol is, instead now i look for two 'buyer bars'
They need not close above the opening just above 1 ma or above the mid point (will explain later)
This change saves losses!!

GBPUSD 5 wins July till current, no losses
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  • #7
  • Aug 14, 2014 6:19pm Aug 14, 2014 6:19pm
Quoting Verve
Crystal ship (CS) and Trend Buster (TB) (two strategies) This strategy (CS) is simple, doesn't happen every day but it has great entries. Any pairs / product 1 hour time frame is best no indicators just trend line In the image below: Ignore any and all indicators, just look at trend lines. How to apply method in the first example, lets look at the first red line drawn upwards from left to right/ : Draw the trend line from second last lowest point to the closing bars of next wave This is the first wave, only sell at third wave as the first is needed...
love the name will try to get my new age head around this idea - thankx man
There has never been a statue erected in honor of a critic
  • #8
  • Aug 14, 2014 6:59pm Aug 14, 2014 6:59pm
Quoting Verve
.... notice how i skipped the first gray bar, as the wave did not complete, it needed more pullback, so i used the close of the purple bar, ..... {image}
How did you know it needed more pullback?

Kind Regards,
Blackeagle
  • #9
  • Aug 14, 2014 7:51pm Aug 14, 2014 7:51pm
Quoting Verve
Crystal ship (CS) and Trend Buster (TB) (two strategies) This strategy (CS) is simple, doesn't happen every day but it has great entries. Any pairs / product 1 hour time frame is best no indicators just trend line In the image below: Ignore any and all indicators, just look at trend lines. How to apply method in the first example, lets look at the first red line drawn upwards from left to right/ : Draw the trend line from second last lowest point to the closing bars of next wave This is the first wave, only sell at third wave as the first is needed...
i thought you dont need indicators. But in your chart so many indis. KIndly please make an example with clean charts? and mark your entry and exit? Thanks!
  • #10
  • Aug 14, 2014 7:53pm Aug 14, 2014 7:53pm
Quoting Verve
Just tested GBPUSD for July to current Images below IMPORTANT CHANGE to entry, will explain tomoz In brief after second wave, and 10 bars count, must have two 'buyer bars' See last image of 24 July where 'B' would have created an entry where the thumbs up symbol is, instead now i look for two 'buyer bars' They need not close above the opening just above 1 ma or above the mid point (will explain later) This change saves losses!! GBPUSD 5 wins July till current, no losses {image} {image} {image} {image} {image} {image} {image}
here i dont see trendlines. only indicators
  • #11
  • Aug 15, 2014 3:18am Aug 15, 2014 3:18am
Quoting Blackeagle
{quote} How did you know it needed more pullback? Kind Regards, Blackeagle
Hi there, to answer your question, first image shows where the line would be originally, at the close of the lowest bar, then count 10 bars, why ten its just a number i roughly came up with, a median of sorts. As you count ten, bam a new low is made so i continue to adjust the trend line to the close of lower bars until now it is set.

Notice on second image trend line is in set position, now wait for price to drop lower and buy when touches line..

Exit strategy:

When several bars have closed beyond the line, try minimize loss, or move to break even.
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  • #12
  • Aug 15, 2014 3:22am Aug 15, 2014 3:22am
Quoting mario777
{quote} here i dont see trendlines. only indicators
Hi Mario, i have several accounts with several strategies so i dont change profiles at times, anyway the trend lines is for 'CS' strategy
The GBPUSD images were for Trend buster strategy, please see above descriptions

No indicators needed, the indis are for other strategies.
See image above for clean chart using CS strategy, also Trend buster has the 'A' and 'B' as per req.
I will post images of todays setups
  • #13
  • Last Post: Aug 15, 2014 4:30am Aug 15, 2014 4:30am
Long Pending with USDCAD - Trend basher
How it works, so A and B are pegged meaning those lows are set in my opinion, so i anticipate a reversal to the upside, i am now waiting for two buyer bars, the green was one, but followed by a seller and another.. lets see

Long pending with USDCAD - at CS (trend line strategy) on image below

There are other imminent setups, will post later today
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