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Two trendlines, ultimate reward

  • #161
  • Feb 23, 2016 3:31pm Feb 23, 2016 3:31pm
Quoting daniel2
Missed signal EURCAD for sell ... {image}

I know the feeling. Sometimes after the fact you scratch your head and ask "why did i not see that?" It was in plain site all along. lol
Trade with confidence, trade without fear.
  • #162
  • Feb 23, 2016 3:56pm Feb 23, 2016 3:56pm
Quoting daniel2
{quote} Thank You Syl for clarification
Welcome! And good night, see you tomorrow!
  • #163
  • Feb 24, 2016 4:13am Feb 24, 2016 4:13am
Hello traders, i'm trading almost same method. I determine trend on h4/h1 drowing trend line, then on smaller tf m15/m5 im doing counter h1 trend line, when its breack im in market
Attached Image(s) (click to enlarge)
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  • #164
  • Feb 24, 2016 5:37am Feb 24, 2016 5:37am
Hello,

here we are, are you ready to enter? I am waiting for a PA, like pin bar, englulfing candle, on 4hr or 1hr tf.
What is your thought?

Syl
Attached Image (click to enlarge)
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  • #165
  • Feb 24, 2016 5:52am Feb 24, 2016 5:52am
Quoting sylbolid
Hello, here we are, are you ready to enter? I am waiting for a PA, like pin bar, englulfing candle, on 4hr or 1hr tf. What is your thought? Syl {image}

Hi Syl,

nice chart :-)

Exactly, wait, wait wait for confirmation
  • #166
  • Feb 24, 2016 6:29am Feb 24, 2016 6:29am
Quoting daniel2
{quote} Hi Syl, nice chart :-) Exactly, wait, wait wait for confirmation
Yes, we are in the hot zone!
  • #167
  • Feb 24, 2016 7:31am Feb 24, 2016 7:31am
Buy now in EU. Looking for sell on 1H.
Attached Image (click to enlarge)
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  • #168
  • Feb 24, 2016 7:32am Feb 24, 2016 7:32am
Hi Daniel

An interesting thread you have there, and I use t/ls also (some might say in an unusual way lol.

Anyway, let me know if you would like my take on how I go about using them in my particular style....my method is different for sure, but simple and accurate when you get the hang of it and I use them all the time for confirming any of the methods that I apply.

Anyhow let me know and I'll post a chart or two if you want.

Cheers

LL
  • #169
  • Feb 24, 2016 7:35am Feb 24, 2016 7:35am
Quoting mario777
Buy now in EU. Looking for sell on 1H. {image}
Excellent Mario, good
  • #170
  • Feb 24, 2016 7:39am Feb 24, 2016 7:39am
Quoting Landline
Hi Daniel An interesting thread you have there, and I use t/ls also (some might say in an unusual way lol. Anyway, let me know if you would like my take on how I go about using them in my particular style....my method is different for sure, but simple and accurate when you get the hang of it and I use them all the time for confirming any of the methods that I apply. Anyhow let me know and I'll post a chart or two if you want. Cheers LL

Hi Landline,

You are welcome here

Of course, we want see all from You.
You may post many charts, we are ready teach all good things from the others

Best regards and greetings to UK
Daniel
  • #171
  • Feb 24, 2016 7:58am Feb 24, 2016 7:58am
Quoting daniel2
{quote} Hi Landline, You are welcome here Of course, we want see all from You. You may post many charts, we are ready teach all good things from the others Best regards and greetings to UK Daniel
Ok D

Here's a basic chart of an EJ entry I made earlier for example, I've already taken tp1 off the table leaving two positions still in play at present.

You will see I don't need candles, just MA1s to give me high and low lines.

You will also notice I have MA1s dotted also...they are advanced by 2 and then you will be able to clearly see where I am connecting the dotted t/l. Now all I have to do is to wait till the thick line crosses either my green or red thick lines depending whether I'm looking to buy or sell, which is dictated by the big squares which are the semaphor indicator that I happen to use to give me a sense of whether I'm o/b or o/s.

The image explains it much easier I think.

As I said, I know it's an unusual approach lol, but very easy to set up a basic chart such as mine.

Hope it all makes sense to you guys.

LL

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 26 KB
  • #172
  • Feb 24, 2016 8:46am Feb 24, 2016 8:46am
I know it is scarily obvious what to look for especially when a chart is posted to show you....and hopefully those interested can easily see the straightforward advantages of looking at it this way, but if there are any questions then feel free to ask away.

LL
  • #173
  • Feb 24, 2016 8:59am Feb 24, 2016 8:59am
I appreciate it seems to be too good to be true lol....but t/ls are the king in my book (with a few other bits n pieces of course), but believe me, this simple approach does work and has done for many years for a great deal of traders I'd imagine. This method is different I accept, but applies the basic principles of t/ls that are usually hidden amongst normal japanese candles when trying to to draw an approriate line, and I think this method is a whole lot cleaner in my book.

LL
  • #174
  • Feb 24, 2016 9:07am Feb 24, 2016 9:07am
Quoting Landline
{quote} Ok D Here's a basic chart of an EJ entry I made earlier for example, I've already taken tp1 off the table leaving two positions still in play at present. You will see I don't need candles, just MA1s to give me high and low lines. You will also notice I have MA1s dotted also...they are advanced by 2 and then you will be able to clearly see where I am connecting the dotted t/l. Now all I have to do is to wait till the thick line crosses either my green or red thick lines depending whether I'm looking to buy or sell, which is dictated by the...

Hello Landline,

interesting chart.

- So, are You using line charts. Red is ask, green is bid, ok?
- Why is there dotted lines?
- Do You use TL's? Or only Your white "signal" line for entry?

Thank You very much
Daniel
  • #175
  • Feb 24, 2016 9:24am Feb 24, 2016 9:24am
Quoting daniel2
{quote} Hello Landline, interesting chart. - So, are You using line charts. Red is ask, green is bid, ok? - Why is there dotted lines? - Do You use TL's? Or only Your white "signal" line for entry? Thank You very much Daniel
Hi D

Look carefully at that chart I posted earlier, and take note of exactly where I have drawn my white t/l for that buy set up, ie using the dotted MA1 ....study that carefully because that is the crux of my method.

For buying entry will be when the white t/l breaks the solid green line

For selling entry will be when the white t/l breaks the solid red line.

In both instances remember, I want to see a big green or red square (standard semaphor or whatever you prefer to use) as I described earlier to give me my bias.

Consider what I've said now and check the chart I showed you.

Once you have it all in your mind....or maybe your own chart set up even, then we can move to the next phase if you want...ie when is a good time to exit for example.

Let me know when you're happy so far and I'll then talk you through that part.

LL
  • #176
  • Feb 24, 2016 9:55am Feb 24, 2016 9:55am
Quoting daniel2
{quote} Hello Landline, interesting chart. - So, are You using line charts. Red is ask, green is bid, ok? - Why is there dotted lines? - Do You use TL's? Or only Your white "signal" line for entry? Thank You very much Daniel
To answer the question btw do I use trendlines.

I use just one t/l for entry, and also a t/l when I'm considering an exit.

LL
  • #177
  • Feb 24, 2016 10:06am Feb 24, 2016 10:06am
The most difficult part that traders tend to find is what consitutes a proper t/l.

It's a very good question, and we so often see charts with a spaghetti filled chart of t/ls. Sure, one of those will be the right one, but which one is the never-ending question, and is the timing right enough.

Examine my approach, and you will find that there can only be one t/l to draw against a time frame ...that in itself eliminates a great deal of the doubt, and gives direction and confidence to trade it!

LL
  • #178
  • Feb 24, 2016 10:11am Feb 24, 2016 10:11am
Quoting Landline
The most difficult part that traders tend to find is what consitutes a proper t/l. It's a very good question, and we so often see charts with a spaghetti filled chart of t/ls. Sure, one of those will be the right one, but which one is the never-ending question, and is the timing right enough. Examine my approach, and you will find that there can only be one t/l to draw against a time frame ...that in itself eliminates a great deal of the doubt, and gives direction and confidence to trade it! LL

Hi Landline,

I am trying to construct Your chart on my MT4
Hmm, Is it possible upload here Your template, please?

Yes, about signal TL, it is very about practisng, I see

Thank You,
greetings to UK
  • #179
  • Feb 24, 2016 10:19am Feb 24, 2016 10:19am
Quoting daniel2
{quote} Hi Landline, I am trying to construct Your chart on my MT4 Hmm, Is it possible upload here Your template, please? Yes, about signal TL, it is very about practisng, I see Thank You, greetings to UK
Hi D

1) Simply add 2 x ma1....with 0 advance, and colour to your taste

2) Then add 2 more ma1...this time advanced 2, and make them dotted and coloured to your taste.

Add a semaphore indi or whatever you prefer to identify a likely ob/ or o/s kind of signal.

Hey presto!...it will resemble mine then and you'll be up and running in 2 minutes!

LL
  • #180
  • Feb 24, 2016 10:23am Feb 24, 2016 10:23am
Quoting Landline
The most difficult part that traders tend to find is what consitutes a proper t/l. It's a very good question, and we so often see charts with a spaghetti filled chart of t/ls. Sure, one of those will be the right one, but which one is the never-ending question, and is the timing right enough. Examine my approach, and you will find that there can only be one t/l to draw against a time frame ...that in itself eliminates a great deal of the doubt, and gives direction and confidence to trade it! LL
yeah please upload a tpl. it will be helpful. also explain how u draw d tls and the way u enter trades with various examples. would really appreciate it if you do
thanks
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