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Two trendlines, ultimate reward

  • #181
  • Feb 24, 2016 10:23am Feb 24, 2016 10:23am
Hi Kobol

Glad to see you could make it

LL
  • #182
  • Feb 24, 2016 10:25am Feb 24, 2016 10:25am
Quoting Landline
{quote} 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
i have no idea how to do that
  • #183
  • Feb 24, 2016 10:30am Feb 24, 2016 10:30am
Quoting nickjr96
{quote} i have no idea how to do that
Go to indicators and add some moving averages.
  • #184
  • Feb 24, 2016 12:28pm Feb 24, 2016 12:28pm
And with two TL's we have nice entry on EURUSD.
See price channel?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 68 KB
  • #185
  • Feb 24, 2016 12:44pm Feb 24, 2016 12:44pm
Quoting daniel2
And with two TL's we have nice entry on EURUSD. See price channel? {image}
Hi Daniel,

are you already in? In that case, just to understand how you decide to enter a trade, could you show your entry?

Thanks!
Syl
  • #186
  • Feb 24, 2016 12:47pm Feb 24, 2016 12:47pm
Quoting sylbolid
{quote} Hi Daniel, are you already in? In that case, just to understand how you decide to enter a trade, could you show your entry? Thanks! Syl
I was very busy now, so no I am not there.
These settings is very common, they will be many in future, You will see

If I will wait, then I will wait for something like this. Small double W on M1. Fast price action = many big lots on this level for buy.
Attached Image (click to enlarge)
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  • #187
  • Feb 24, 2016 1:02pm Feb 24, 2016 1:02pm
Quoting daniel2
{quote} I was very busy now, so no I am not there. These settings is very common, they will be many in future, You will see If I will wait, then I will wait for something like this. Small double W on M1. Fast price action = many big lots on this level for buy. {image}
Hi Daniel, thanks, wow, from daily or 4hr tf, you go to the smaller time frame like 1minute? Interesting!!!
  • #188
  • Feb 24, 2016 1:08pm Feb 24, 2016 1:08pm
Quoting sylbolid
{quote} Hi Daniel, thanks, wow, from daily or 4hr tf, you go to the smaller time frame like 1minute? Interesting!!!

Hi Syl,

yes, there is necessary watch small TF's for entries.
  • #189
  • Feb 24, 2016 1:37pm Feb 24, 2016 1:37pm
Quoting daniel2
{quote} Hi Syl, yes, there is necessary watch small TF's for entries.
:-)
  • #190
  • Feb 24, 2016 4:50pm Feb 24, 2016 4:50pm
Quoting Landline
{quote} 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
Landline, thanks for sharing. kindly just please upload your tmeplate. I dont have advance MA in my mt4. I have only simple. exponential and linear weight. I dont know where is that advance you are talking.
  • #191
  • Feb 24, 2016 5:17pm Feb 24, 2016 5:17pm
Quoting mario777
{quote} Landline, thanks for sharing. kindly just please upload your tmeplate. I dont have advance MA in my mt4. I have only simple. exponential and linear weight. I dont know where is that advance you are talking.
Hi M

Sorry I meant shift 2 not advanced 2.

They are standard mt4 mas in the indicator list btw and as I said, 2 of them set ma1 shift 0 (one set at high and one set at low, coloured to suit your taste), and the other 2 are ma1 also but shifted 2 , and these 2 are dotted.

It takes just 30 seconds to create

LL
  • #192
  • Feb 24, 2016 5:29pm Feb 24, 2016 5:29pm
I also use a 3-level semaphor and I've added that here in case you want to use that also, but there are plenty of others out there that do a similar job.

LL

Attached File(s)
File Type: mq4 3_Level_ZZ_Semafor.mq4   8 KB | 467 downloads
  • #193
  • Feb 25, 2016 1:24am Feb 25, 2016 1:24am
Hello,

everyone in eurusd? I am not in, i don't know if it is too late to enter now?
  • #194
  • Feb 25, 2016 3:38am Feb 25, 2016 3:38am
Hi all

OK, a little more help in understanding how to find these hidden t/l points.

I have some pending UC longs which I was a bit late on entering at the ideal entry this morning,, and I have chosen to set pendings at the price I'm interested in instead (they may not rigger of course and the bus may well leave without me on board, but not to worry)

I am attaching 3 images

a) The hidden t/l points to identify where the t/l is drawn from

b) Then with both my red and green solid upper and lower lines to find where the entry point actually is for optimum entry on this t/f

c) The same as b) but just a single solid aqua closed line (no upper or lower in this example) for those that don't like/need 4 lines in total on their charts and prefer just 3, which is still good of course, but the ideal entry point would always be the red or green solid entry point as per b) shown above.

Study those 3 charts carefully, and set your own charts up and practice what I've shown you. You should find that whichever way you choose to do it, that there can only be 1 optimum point of entry when applying the method illustrated.

Hopefully my explanations and charts are now enough to move forward with a clear and simple way of finding entries using this particular method, which should now allow us all to share charts with a view to actually trading with potential set-ups rather than being a tutorial on the basics of the platform, indicators and so forth.

Cheers for now

LL

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1A.png Size: 25 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 31 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1B.png Size: 29 KB




LL
  • #195
  • Feb 25, 2016 4:44am Feb 25, 2016 4:44am
Quoting Landline
Hi all OK, a little more help in understanding how to find these hidden t/l points. I have some pending UC longs which I was a bit late on entering at the ideal entry this morning,, and I have chosen to set pendings at the price I'm interested in instead (they may not rigger of course and the bus may well leave without me on board, but not to worry) I am attaching 3 images a) The hidden t/l points to identify where the t/l is drawn from b) Then with both my red and green solid upper and lower lines to find where the entry point actually is for optimum...
Hi Landline, i think i get it, you need the cross between the solid and dotted line of the same color to draw the trendline, right?
The semaphor you shared doesn't work very well in my chart, it become freezy. Anyway if we need to be oversold or overbought, i can use a RSI 14 period which show oversold and overbought below 30 and above 70?
Please continue with your strategy, it is getting interesting!
  • #196
  • Feb 25, 2016 5:01am Feb 25, 2016 5:01am
Quoting sylbolid
{quote} Hi Landline, i think i get it, you need the cross between the solid and dotted line of the same color to draw the trendline, right? The semaphor you shared doesn't work very well in my chart, it become freezy. Anyway if we need to be oversold or overbought, i can use a RSI 14 period which show oversold and overbought below 30 and above 70? Please continue with your strategy, it is getting interesting!
Hi S

That's not exactly correct, study those charts carefully that I posted, especially the first one, which is where I i identify my t/l.

Then, when the solid lines are overlaid on that chart (that you have identified the hidden dotted t/l points from), as per the second chart I posted, you can then simply see where the t/l breaks the solid line, and in the example I showed you, it was breaking the green line indicating that it was time to buy.

So, to put it simply, there are two phases that occur, a) Identifying the dotted hidden t/l points and draw the t/l b)Waiting for the solid red or green line to cross that trendline, and bingo you have an entry

Do you understand?

Cheers

LL
  • #197
  • Feb 25, 2016 6:14am Feb 25, 2016 6:14am
Quoting Landline
{quote} Hi S That's not exactly correct, study those charts carefully that I posted, especially the first one, which is where I i identify my t/l. Then, when the solid lines are overlaid on that chart (that you have identified the hidden dotted t/l points from), as per the second chart I posted, you can then simply see where the t/l breaks the solid line, and in the example I showed you, it was breaking the green line indicating that it was time to buy. So, to put it simply, there are two phases that occur, a) Identifying the dotted hidden t/l points...
OK, i think to understand, first at all you only watch the dotted MA to find the trendline, than you use the solid MA lines to look when the TL is broken, and you enter. Right?
With this strategy you enter only in trendline breakout, or also when there is a bounce to the trendline?
Always you draw the trendline from the green to the red dotted lines?

Thanks again,
Syl
  • #198
  • Feb 25, 2016 6:43am Feb 25, 2016 6:43am
Quoting sylbolid
{quote} OK, i think to understand, first at all you only watch the dotted MA to find the trendline, than you use the solid MA lines to look when the TL is broken, and you enter. Right? With this strategy you enter only in trendline breakout, or also when there is a bounce to the trendline? Always you draw the trendline from the green to the red dotted lines? Thanks again, Syl
Hi S

Yes, now you have understood the concept correctly in line with my approach.

Note, t/ls as we all know are extremely interpretable and for most people quite ambiguos which makes decision making that much more difficult and we have seen that when looking at the various charts posted from time to time when it is difficult to see justification for considering a trade, often because the method being applied is too complex or too ambiguos.

My method of using t/ls is quite different to most I suspect, but the important thing is that it is unambiguous and it detects those hidden points that are simply not detectable on a conventional candle chart and that is why I refer to them as hidden or disguised.

Sure, it takes a bit of practice to define them, but it's not difficult when you know how to construct them as you have now discovered.

How you choose to use them is entirely up to you, but in my case, they serve as my entry signal initially when the line is broken by either the green or red price line (depending whether I'm looking for a buy or a sell of course), and then as an exit point during the trade, which is something I haven't pointed out to you yet, but the principle is the same.

Maybe we will cover that in detail at a later stage, but for now maybe you would like to post a chart or two with some lines drawn at possible entry candidates using the techniques discussed and I'll be happy to constructively criticise then if there's something that needs improving on.

LL
  • #199
  • Feb 25, 2016 6:51am Feb 25, 2016 6:51am
Quoting Landline
{quote} Hi S Yes, now you have understood the concept correctly in line with my approach. Note, t/ls as we all know are extremely interpretable and for most people quite ambiguos which makes decision making that much more difficult and we have seen that when looking at the various charts posted from time to time when it is difficult to see justification for considering a trade, often because the method being applied is too complex or too ambiguos. My method of using t/ls is quite different to most I suspect, but the important thing is that it is...
Thanks Landline,

i will check some chart and post them lately!
This is an unsual approach to trade, really, but i like it!
  • #200
  • Feb 25, 2016 7:05am Feb 25, 2016 7:05am
Quoting sylbolid
{quote} Thanks Landline, i will check some chart and post them lately! This is an unsual approach to trade, really, but i like it!
Yes it's quite unique I expect...but now we can easily see the wood from the trees once the trees have been cut away leaving us with a much simpler vision to see where we are heading!

LL
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