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Two trendlines, ultimate reward

  • #221
  • Feb 26, 2016 8:27am Feb 26, 2016 8:27am
Quoting smikester
I'm fascinated by trend lines and I'm looking forward to learning more by reading this thread. At the moment I have little experience or knowledge. I drew these lines on the 4 hour Eur/Usd chart. Could someone look at this chart and comment? There seems to be a confluence of 3 trend lines. I honestly don't know how to interpret this. {image}
Hi S

My take on t/ls is quite different to pretty much everyone, which you can see from my posts probably over the last day or two.

So, whilst my view is unconventional and maybe not to your taste, let me know nevertheless if you want my view on what is happening on EU with my kind of lines.

It's ok though if you prefer conventional instead, because I understand that my style is not everybodys' cup of tea, and I'm sure Dan will help you with his take when he's about instead if that is the case.

Cheers

LL
  • #222
  • Feb 26, 2016 8:37am Feb 26, 2016 8:37am
Quoting smikester
I'm fascinated by trend lines and I'm looking forward to learning more by reading this thread. At the moment I have little experience or knowledge. I drew these lines on the 4 hour Eur/Usd chart. Could someone look at this chart and comment? There seems to be a confluence of 3 trend lines. I honestly don't know how to interpret this. {image}

Hi smikester,

welcome

Yes, very interesting opportunity for BUY.
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  • #223
  • Feb 26, 2016 8:52am Feb 26, 2016 8:52am
Quoting daniel2
{quote} Hi smikester, welcome Yes, very interesting opportunity for BUY. {image}
Thanks for the quick reply and there is already a bounce. Interesting! Now for the hard work of learning more.
Gone to a better place
  • #224
  • Feb 26, 2016 8:53am Feb 26, 2016 8:53am
Quoting smikester
{quote} Thanks for the quick reply and there is already a bounce. Interesting! Now for the hard work of learning more.
OK :-)

I am there, so we will see...
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  • #225
  • Feb 26, 2016 9:24am Feb 26, 2016 9:24am
Price homing in on final 3rd tp, profits all tucked away and tp3 safe

LL

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  • #226
  • Feb 26, 2016 9:29am Feb 26, 2016 9:29am
Quoting Landline
{quote} Hi S My take on t/ls is quite different to pretty much everyone, which you can see from my posts probably over the last day or two. So, whilst my view is unconventional and maybe not to your taste, let me know nevertheless if you want my view on what is happening on EU with my kind of lines. It's ok though if you prefer conventional instead, because I understand that my style is not everybodys' cup of tea, and I'm sure Dan will help you with his take when he's about instead if that is the case. Cheers LL
Thanks for the reply, Landline. Of course I would be interested in your opinion on this set up and I will read your posts but not on this thread if you don't mind as I don't want to be part of what I see as an "off topic" discussion. But I am interested in your method.
Gone to a better place
  • #227
  • Feb 26, 2016 9:33am Feb 26, 2016 9:33am
Quoting smikester
{quote} Thanks for the reply, Landline. Of course I would be interested in your opinion on this set up and I will read your posts but not on this thread if you don't mind as I don't want to be part of what I see as an "off topic" discussion. But I am interested in your method.
OK no problem...but can you explain what part of t/ls do you see as "off-topic"

LL
  • #228
  • Feb 26, 2016 11:51am Feb 26, 2016 11:51am
Hey Daniel,

If you use your lines would you say AUD-USD has a chance to strike back up or I can keep on filling shorts during the small corrections?

Thanks for your time

I nailed my first BIG move in a lonnnggg time thanks to your lines but now I want to make sure.

I was thinking there would be a bounce back up to that red line where I would short it again and continue adding to this winner.
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It's always part of a bigger plan
  • #229
  • Feb 26, 2016 12:54pm Feb 26, 2016 12:54pm
AJAJAJ, SL hit
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  • #230
  • Feb 26, 2016 1:01pm Feb 26, 2016 1:01pm
Quoting Mickster
Hey Daniel, If you use your lines would you say AUD-USD has a chance to strike back up or I can keep on filling shorts during the small corrections? Thanks for your time I nailed my first BIG move in a lonnnggg time thanks to your lines but now I want to make sure. I was thinking there would be a bounce back up to that red line where I would short it again and continue adding to this winner. {image}

Congratulations Mickster!

My TL is here.
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  • #231
  • Feb 26, 2016 1:01pm Feb 26, 2016 1:01pm
Hello. How do you use the CCI indicator? This trendline system looks interesting.
  • #232
  • Edited 4:46pm Feb 26, 2016 4:35pm | Edited 4:46pm
Quoting daniel2
{quote} Congratulations Mickster! My TL is here. {image}
Would you say it should correct slightly then drop down further to the second TL?

This is on the monthly. Could this be another big wave down since it broke that line?
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It's always part of a bigger plan
  • #233
  • Feb 27, 2016 10:24am Feb 27, 2016 10:24am
Quoting Mickster
{quote} Would you say it should correct slightly then drop down further to the second TL? This is on the monthly. Could this be another big wave down since it broke that line? {image}

Hi Mickster,

if I check AUDUSD daily, then it is possibkle move down. BUT, FX is almost 80 % in range. Consider this. Are You able wait 2 or 3 weeks for move down? And will be really price go down? On FX is better sometime no hope for hundreds or thousands pips. You must consider, if Your mind is correct and peace with this And if You will be if price go very quick up? And from 100 pips You will have 20 or -20?
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  • #234
  • Feb 27, 2016 10:26am Feb 27, 2016 10:26am
Quoting swetrader
Hello. How do you use the CCI indicator? This trendline system looks interesting.

Hi swetrader,

welcome

CCI is almost history for me It is not useful and will be probably removed soon.

Geetings to Sweden
Daniel
  • #235
  • Edited 4:55pm Feb 27, 2016 3:12pm | Edited 4:55pm
Hi Daniel ,how are your lines usd chf ? are we over or under that major one
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #236
  • Feb 28, 2016 2:08am Feb 28, 2016 2:08am
Hi Daniel2.

This is very interesting thread. Could I try to post some my graphs with TL's?
I wish to improve myself in that system.

Thank You
  • #237
  • Feb 28, 2016 2:33am Feb 28, 2016 2:33am
Quoting Bones
Hi Daniel ,how are your lines usd chf ? are we over or under that major one {image} {image} {image} {image}

Hi Bones!!! (Sherlock Bones)

Welcome Master of TrendLines here!

Thank You for posting USDCHF

My charts are not good like Yours precise work.
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  • #238
  • Feb 28, 2016 2:53am Feb 28, 2016 2:53am
Quoting Landline
Price homing in on final 3rd tp, profits all tucked away and tp3 safe LL {image}
Hi Landline,

thank You very much for nice descriptions of Your TL's and trading system / plan.

- How do You set RRR?
- How do You set SL and TP?
- You search signal with semafor on H4, then You find signal on H1, right?
- You wait on H1 on close (candle) via TrendLine, right? After break and close You enter to trade, right?

Thank You very much
  • #239
  • Feb 28, 2016 3:32am Feb 28, 2016 3:32am
AUDJPY looks interesting first for sell, then for buy.

PROBLEM: There is small movement potential (not 100 pips, max 30)
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  • #240
  • Feb 28, 2016 3:37am Feb 28, 2016 3:37am
Interesting situation on AUDUSD. We will see...
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