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The TL SR System by ChaosBUN

  • #21
  • Aug 18, 2015 12:55pm Aug 18, 2015 12:55pm
Quoting Pippington
Good work and thanks for sharing. Always interested in learning something new. How much time would you say that you spend at your PC going through the charts. I'm unable to spend a great deal of time due to working a full time job (boy, I can't wait until is my full time job). What pairs do you trade?
I open the chart (not using mt4), I use tradingview, draw some trend line, took me maybe a few minutes.

But I think its best not to rush a trade out. Make sure the trend line give you a clear story then go in with modest lot size.
not too big, not too small, just good enough for the trade.

I don't see the chart after that, I only see the price at different point of time, maybe 1 to 2 hours after london open, new york open, or asia. If the price now give me 30 to 40 pips (good enough), I might close. Before closing, ask yourself if you are happy with the earning, is the Risk Reward fair enough. if its good, then keep the pips in your pocket.

remember set a sl for every trade you undertook.

--

Why I use trading view, is because I like naked chart, no point load my mt4 with tons of indicators and dilute my entry.

Then i load my webtrader of some forex company, and place my position.
Remember not to use any indicators to "Boost" your entry with higher rate because it will only harm you more than help you.
Learn to Trade is Important. Keep your bias & ego aside.
  • #22
  • Aug 18, 2015 5:29pm Aug 18, 2015 5:29pm
If you are entering on the breakout then you should have a losign trade here unless you take only 5-10 pips in 1Htf
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  • #23
  • Aug 18, 2015 11:18pm Aug 18, 2015 11:18pm
Quoting mario777
If you are entering on the breakout then you should have a losign trade here unless you take only 5-10 pips in 1Htf {image}

Quoting chaosbun
USD/CAD short - a gem in the findings. {image} Seems like it is going for a good down trend. I set my sl at 1.3170
Closed at approx +35 to 40 pips less spread etc .[open short at 1.3085 area ] as a small support base form at 1.3040
Learn to Trade is Important. Keep your bias & ego aside.
  • #24
  • Aug 19, 2015 3:27am Aug 19, 2015 3:27am
So far after all of the trades , how many % of drawdawn before it went to ur direction ? ... I noticed that you held some trades for several days..
Keep posting brother..
  • #25
  • Aug 19, 2015 5:17am Aug 19, 2015 5:17am
Quoting budim2006
So far after all of the trades , how many % of drawdawn before it went to ur direction ? ... I noticed that you held some trades for several days.. Keep posting brother..
% of drawdown against my equity? Actually not much I think.. my equity keep going up due to close other winning trades. I think the main thing is to grab winning trades daily and not add to loser.

I play between 0.1 to 0.3 trade lot per trade. With SL as far as 100 pips or so. Some trade I held for days, but all my trades got set SL so the loss is limited.
Learn to Trade is Important. Keep your bias & ego aside.
  • #26
  • Aug 19, 2015 7:02am Aug 19, 2015 7:02am
Open USD/CAD short. The same chart I posted few days ago is still valid.

Long Term Down Trend is Valid. SL I set quite far . 1.3180
Learn to Trade is Important. Keep your bias & ego aside.
  • #27
  • Edited 8:18am Aug 19, 2015 7:17am | Edited 8:18am
Quoting chaosbun
Open USD/CAD short. The same chart I posted few days ago is still valid. Long Term Down Trend is Valid. SL I set quite far . 1.3180
Can you post your live chart please. I dont see any TL break either on Daily or H4. Thanks!

PS. I entered long instead. Lets see how it goes
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  • #28
  • Aug 19, 2015 10:10am Aug 19, 2015 10:10am
Adding GBP/USD Long to my battle troop !

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Learn to Trade is Important. Keep your bias & ego aside.
  • #29
  • Aug 19, 2015 10:42am Aug 19, 2015 10:42am
Quoting chaosbun
Open USD/CAD short. The same chart I posted few days ago is still valid. Long Term Down Trend is Valid. SL I set quite far . 1.3180
On what price did u open this trade ? seems to be a losing trade thou ......
  • #30
  • Aug 19, 2015 1:04pm Aug 19, 2015 1:04pm
Quoting budim2006
{quote} On what price did u open this trade ? seems to be a losing trade thou ......
You won't see green straight my friend. its all about patience. I just bag another 3 to 4 trades of 30-40 pips each .
Learn to Trade is Important. Keep your bias & ego aside.
  • #31
  • Aug 19, 2015 1:23pm Aug 19, 2015 1:23pm
Quoting mario777
{quote} Can you post your live chart please. I dont see any TL break either on Daily or H4. Thanks! PS. I entered long instead. Lets see how it goes {image}
Your chart never draw finish. You only draw 1 short term trend. But you din't draw a long term h4 or d1 trend line.
Learn to Trade is Important. Keep your bias & ego aside.
  • #32
  • Aug 19, 2015 1:45pm Aug 19, 2015 1:45pm
Added NZD/USD Short

Attached Image (click to enlarge)
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Reason: I can't find a reason to long. more reasons to short
Learn to Trade is Important. Keep your bias & ego aside.
  • #33
  • Aug 19, 2015 5:35pm Aug 19, 2015 5:35pm
I got 50 pips! you should have stopped on 1.3180. Here is my 4H chart. I also see no reason to short. No TL breakout no TL bounce. Thats why i ask you to post your live chart so we can learn. Since you started this thread that means your intention is to share how you trade.
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  • #34
  • Aug 19, 2015 5:39pm Aug 19, 2015 5:39pm
Quoting chaosbun
Added NZD/USD Short {image} Reason: I can't find a reason to long. more reasons to short
I though you are trading on TL breakout. You should write your clear trading rules on your first post.Not just result. Other wise this thread should be on the journal section.
  • #35
  • Aug 20, 2015 12:24am Aug 20, 2015 12:24am
Quoting mario777
{quote} I though you are trading on TL breakout. You should write your clear trading rules on your first post.Not just result. Other wise this thread should be on the journal section.
I share what I trade after I place my positions. Result is to follow up with my chart to show the earning.
My trading rules is on post #1, you might want to read again.

If you think its belong to journal section, you can feel free to learn somewhere else I don't make a penny to share here too. Its just pure goodwill.
Learn to Trade is Important. Keep your bias & ego aside.
  • #36
  • Aug 20, 2015 1:42am Aug 20, 2015 1:42am
Quoting chaosbun
{quote} I share what I trade after I place my positions. Result is to follow up with my chart to show the earning. My trading rules is on post #1, you might want to read again. If you think its belong to journal section, you can feel free to learn somewhere else I don't make a penny to share here too. Its just pure goodwill.
Thanks for sharing, I tried long on gbpusd 1 hr chart, after 1hr breakout of trendline, see how it goes.
  • #37
  • Aug 20, 2015 6:31am Aug 20, 2015 6:31am
Maybe you should read your post #1 yourself. There is no rule there except you said you trade TL breakout too. You didnt say you enter on TL bounce or pullback etc. You didnt even specify TP and SL. Why not post your live chart while the trade still going on. Anyway, seems im the only one reading this thread. No one is interested no wonder. A trade with no losses is always being fishy. Goodluck to you.
  • #38
  • Aug 20, 2015 10:48am Aug 20, 2015 10:48am
Quoting mario777
Maybe you should read your post #1 yourself. There is no rule there except you said you trade TL breakout too. You didnt say you enter on TL bounce or pullback etc. You didnt even specify TP and SL. Why not post your live chart while the trade still going on. Anyway, seems im the only one reading this thread. No one is interested no wonder. A trade with no losses is always being fishy. Goodluck to you.
Live chart? I post what I trade . You can always feel free not to read it.

The only losses that occur was due to the SL that I set too tight on my USD/CAD pair (after I mention I got no losses before).

I have no needs to hide my trading or what, this is free and you pay nothing. You can laugh or envy at my statement.

My post #1 mention I trade 2 trend line, the long term and short term.



How did this trade happen? I was actually withdrawing money on my account and left $160, I can't withdraw out due to I already got back all the money I deposit for the card I withdrawing with, and have to withdraw to another card ( that I canceled recently ) so I got some issue taking money out and have to go through some difficult procedure.

Thus I think, with the $160, I decided to trade my Trend Line method.

In just 1 week approx I grow it from $160 to $1380 (equity) , $1620(Balance)


Attached statement after my last statement showing. You can see the statement transaction ID.

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I do post chart that I entry, with the lines and etc. Its just that people who can't get it, or think otherwise trying to argue here.

This is a thread for traders who believe in Naked Chart & Trend Line to come together and share findings.
Learn to Trade is Important. Keep your bias & ego aside.
  • #39
  • Aug 20, 2015 10:57am Aug 20, 2015 10:57am
USD/JPY Long Added

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I like this chart

1) It show break out of a short term H4 down trend.
2) It show a longer term uptrend.

S/L is somewhere quite far, it can be as far as 200 pips away, it can be as close as 122.80
Learn to Trade is Important. Keep your bias & ego aside.
  • #40
  • Aug 20, 2015 11:01am Aug 20, 2015 11:01am
EUR/GBP Short added

Attached Image (click to enlarge)
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I favor this chart also, the SL is quite tight at 0.7240 as I believe from the chart, it is still favouring the downside.
Learn to Trade is Important. Keep your bias & ego aside.
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