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The power of trendlines

  • #561
  • Sep 29, 2015 3:45am Sep 29, 2015 3:45am
Thanks TNavi,

Entered at the breakout of the TL then at the top of the retracement when PA came back to the TL from below with the same stoploss.

Abit risky but payback was good
  • #562
  • Sep 29, 2015 5:56am Sep 29, 2015 5:56am
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As the lights go by so too do the shadows move
  • #563
  • Sep 29, 2015 7:18am Sep 29, 2015 7:18am
Quoting Matts Micro
{image}
hi bro,...

possible upside bko UJ .....

H1
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M15
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M1
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cheers
  • #564
  • Sep 29, 2015 7:33am Sep 29, 2015 7:33am
Quoting mrhb30jr
{quote} hi bro,... possible upside bko UJ ..... H1 {image} M15 {image} M1 {image} cheers
120 putting up a fight but plenty of signals in there
As the lights go by so too do the shadows move
  • #565
  • Sep 29, 2015 7:58am Sep 29, 2015 7:58am
Another 1 to keep an eye on...
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As the lights go by so too do the shadows move
  • #566
  • Sep 29, 2015 9:32am Sep 29, 2015 9:32am
Quoting mrhb30jr
{quote} hi bro,... possible upside bko UJ ..... H1 {image} M15 {image} M1 {image} cheers
How fkin bad and obvious was that stop hunt from the "Abe" comment ... I re-entered after being hit.
As the lights go by so too do the shadows move
  • #567
  • Sep 29, 2015 9:24pm Sep 29, 2015 9:24pm
Hi Tnavi, This is a lovely thread. Thanks for your charts, too! I have no experience with trendlines but you show something interesting to learn.

Can I ask if you have any specific target for your TP? I saw your live trade explorer has a mix of scalps around 1-7 pips. Is this your target per trade?

Thanks!

Lin
Simplicity is the key to brilliance
  • #568
  • Sep 30, 2015 12:07am Sep 30, 2015 12:07am
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As the lights go by so too do the shadows move
  • #569
  • Sep 30, 2015 1:02am Sep 30, 2015 1:02am
H1 Chart , eurojpy , my stra .... tp 134.520
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AJ
  • #570
  • Sep 30, 2015 1:07am Sep 30, 2015 1:07am
hi just trying it, hope its correct
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Early bird gets the worm
  • #571
  • Sep 30, 2015 1:47am Sep 30, 2015 1:47am
Quoting forexbandit7
hi just trying it, hope its correct {image}
im here too,

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MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #572
  • Sep 30, 2015 1:53am Sep 30, 2015 1:53am
Quoting tnavi
{quote} im here too, {image}
Early bird gets the worm
  • #573
  • Sep 30, 2015 2:06am Sep 30, 2015 2:06am
Still holding on
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Early bird gets the worm
  • #574
  • Sep 30, 2015 2:27am Sep 30, 2015 2:27am
Mi Amigo

I just want to thank you for this awesome journal you have inspired me, hopefully I can reach your level of skill one day.

I will post charts from time to time--if you don't mind.

Theres 3 trades in that chart.

For the open trade--theres that big resistance line but i can also see a quasimodo pattern so I am hoping it will reach my TP.

Moved to BE either way.
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Dragon Rider
  • #575
  • Sep 30, 2015 2:28am Sep 30, 2015 2:28am
Yes, much easier to play with the winnings.

Quoting tnavi
for me, the most difficult part of trading, is the first 100% of the acount. why? because when you start a new real account, u are working with the money of ur family. This concept for me is very important; not is the same to work with the money of ur family than with only the gains. if u win 100% of the account, and you get out from the broker the first fund, you can work without stress during the rest of the time. i dont know if u understan me..... is a phycological concept.... green pips to all!
​
  • #576
  • Sep 30, 2015 2:28am Sep 30, 2015 2:28am
BTW... I only logged back FF after soo many years just to write here
Dragon Rider
  • #577
  • Sep 30, 2015 2:50am Sep 30, 2015 2:50am
Quoting barloc
Mi Amigo I just want to thank you for this awesome journal you have inspired me, hopefully I can reach your level of skill one day. I will post charts from time to time--if you don't mind. Theres 3 trades in that chart. For the open trade--theres that big resistance line but i can also see a quasimodo pattern so I am hoping it will reach my TP. Moved to BE either way. {image}
very good chart, friend.

It would be appreciated here your way of seeing the market, because all the types of analisys are welcome!

thanks!
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #578
  • Sep 30, 2015 2:53am Sep 30, 2015 2:53am
Quoting barloc
BTW... I only logged back FF after soo many years just to write here
thanks!

MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #579
  • Sep 30, 2015 3:12am Sep 30, 2015 3:12am
ok friends, here we have current setup.

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im going to take a coffe with a friend and i will follow the move with the app.

green pips!
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #580
  • Sep 30, 2015 3:36am Sep 30, 2015 3:36am
Hello, Tnavi!

Thanks for started the thread and you are really doing great. Keep it up

After reading your posts and reviewing your trades I see that the key of your success is not a trendlines itself, but how you trade it:

1. you use a reference points (trendlines in your case) from wich you make decisions of taking trades;
2. usually you give some room for drawdowns and let the price to give you your pips - in other words, there is no tight stops;
3. you don't hunt for many pips but rather for steady ("close your trades in profit" philosophy);
4. you don't (at least, most trades) trade bounces, but breakouts and therefore - you follow the price wherever it goes.

Correct me if I am wrong, but I am sure those things are much more important than an ability to draw trendlines properly, because I think it doesn't matter whether you use trendlines, horizontal lines or any other lines as a reference point. What is important is trade management - when to take a profit and when to cut a losses.

Again - great stuff here. I wish you many green pips, tasty coffee with a friend and to have a nice day!
Will be looking at your progress here from time to time ;- )

Best regards,
Artem
Let's go with the flow
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