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Two trendlines, ultimate reward

  • #241
  • Feb 28, 2016 3:42am Feb 28, 2016 3:42am
CADCHF weekly, daily
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  • #242
  • Feb 28, 2016 3:47am Feb 28, 2016 3:47am
CADJPY daily, H4
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  • #243
  • Feb 28, 2016 3:56am Feb 28, 2016 3:56am
EURCAD weekly, daily, H4
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  • #244
  • Feb 28, 2016 4:58am Feb 28, 2016 4:58am
EURGBP
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  • #245
  • Feb 28, 2016 5:35am Feb 28, 2016 5:35am
Quoting Victory1
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

Hi Victory1,

welcome here

Yes, we will be glad see Your analysis.
  • #246
  • Feb 28, 2016 5:55am Feb 28, 2016 5:55am
NZDUSD
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  • #247
  • Feb 28, 2016 5:57am Feb 28, 2016 5:57am
USDCAD
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  • #248
  • Feb 28, 2016 6:00am Feb 28, 2016 6:00am
USDJPY
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  • #249
  • Feb 28, 2016 6:05am Feb 28, 2016 6:05am
Quoting daniel2
{quote} 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
Hi Dan

Firstly, let me say that whilst I have certain rules in place for this particular strategy, which identifies an entry and using the same principle also identifies an exit, that nothing in trading is hard and fast and still requires individual trader knowledge/experience/confidence etc to be applied, and those things will naturally improve over time and provide that vital ingredient then...ie trader flexibility/adaptability.

With that in mind, I have made about 20 or 30 posts approximately I'd guess, and all the necessary details and explanations, along with charts etc are within those posts, which also covers individuals management of trades (eg post 207). Specifics are dependent to what is occurring at any given moment once in a trade, and an individuals tolerance to risk for example.

What I have offered in your thread is an alternative simple means of decision making, which I think is the hardest part that traders in general struggle with.

I have no doubt at all that your own method is perfectly suited to your use of multiple t/ls because you are clearly comfortable and experienced enough to apply them, but I'd say that the moment more than one t/l is constructed on a chart, then that 'decison-making' aspect of the process immediately exponentially increases for the average trader, and that's when the confusion/doubts and hesitation to trade usually happens.

My single t/l approach on the other hand is designed to eliminate doubt and simplify the whole process, but, at the end of the day of course it is nothing more than an alternative to your approach, and often it is useful to have alternatives I think.

Hope I've made sense for now

Cheers

LL
  • #250
  • Feb 28, 2016 6:28am Feb 28, 2016 6:28am
Quoting Landline
{quote} Hi Dan Firstly, let me say that whilst I have certain rules in place for this particular strategy, which identifies an entry and using the same principle also identifies an exit, that nothing in trading is hard and fast and still requires individual trader knowledge/experience/confidence etc to be applied, and those things will naturally improve over time and provide that vital ingredient then...ie trader flexibility/adaptability. With that in mind, I have made about 20 or 30 posts approximately I'd guess, and all the necessary details and...

Hi Landline,

Thank You very much for Your patience and kind words.

We will be very glad, if You will here posting some Your charts :-)

Greetings to UK and have a nice day
  • #251
  • Feb 28, 2016 10:21am Feb 28, 2016 10:21am
EURUSD
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  • #252
  • Feb 28, 2016 10:28am Feb 28, 2016 10:28am
AUDCAD
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  • #253
  • Edited 12:10pm Feb 28, 2016 11:31am | Edited 12:10pm
Hey Daniel ,the sherlock thing I said use deduction like Sherlock Holmes ,someone said ok sherlock bones lol ,low and behold there is a such a character

I like your metholigy 2 tls ,with chf I don't touch ,but the two tls that catch my eye are on this chart ,candle could say down ,but over support at this time ,break that huge candle also 10k ,path could be clearer
Only other thing chf to consider , I think its connected to gold somehow at times


Quoting daniel2
{quote} Hi Bones!!! (Sherlock Bones) Welcome Master of TrendLines here! Thank You for posting USDCHF My charts are not good like Yours precise work. {image} {image} {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #254
  • Feb 28, 2016 11:50am Feb 28, 2016 11:50am
Quoting Bones
Hey Daniel ,the sherlock thing I said use deduction like Sherlock Holmes ,someone said ok sherlock bones lol ,low and behold there is a such a character I like your metholigy 2 tls ,with chf I don't touch ,but the two tls that catch my eye are on this chart ,candle could say down ,but over support at this time ,break that huge candle also 10k ,path could be clearer Only other thing chf to consider , I think its connected to gold somehow at times {quote} {image} {image}

Hi Bones,

thank You very much for Your charts.
They are simply, nice, beutiful :-)

I agree. I am a little away from USDCHF. If break resistance (Your big candle), then will be situation more cleaner.
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  • #255
  • Feb 28, 2016 12:36pm Feb 28, 2016 12:36pm
Hi all

I notice recent charts posted are illustrating month t/fs.

Correct me (anyone) if I am wrong, but for swing trading then the h4 and d1 t/fs are ideal for that, and more precise entries can be comfortably taken from the h1 and even the m30.

These kind of swing trades typically have a 1-3 day duration (give or take), and that is why they are called swing trades because we are trying to take advantage of momentum swing highs and lows within the much bigger trend that may exist in the weekly and monthly t/fs, and it is swing trading on the h4 and d1 t/fs which we as traders capitalise on.

The weekly and more so the monthly t/fs are not imo tradeable t/fs for this style of trading, but they are when looking for investment type trading where a trader might be looking to hold the trades over 1-3 or 4 months for example.

Other than that, I personally do not have any real use for the monthly chart and to a lesser degree the weekly chart, and neither t/fs come into my own reckoning simply because they cannot identify the swing points that the (m30) h1, h4 and d1 can.

Note, that isn't to say that a swing trade as described cannot develop into a long term investment trade lasting a month or several, but the point of swing trading is realistically designed to take regular profits over 1-3 days or thereabouts using the swings to help identify entries and exits, and anything longer than that starts entering the realms of medium to long term investment instead imo.

I'm sure there are plenty of opinions on this subject, and it would be interesting to hear different views on this

Cheers

LL
  • #256
  • Edited 1:45pm Feb 28, 2016 1:23pm | Edited 1:45pm
Hi L theres valuable info on the monthly ,could well allow you to weight tls in the right direction lower tf ,true swing trader will be on the monthly ,
the ability to add weight can put you a few steps ahead of the majority
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #257
  • Feb 28, 2016 1:29pm Feb 28, 2016 1:29pm
Quoting Landline
Hi all I notice recent charts posted are illustrating month t/fs. Correct me (anyone) if I am wrong, but for swing trading then the h4 and d1 t/fs are ideal for that, and more precise entries can be comfortably taken from the h1 and even the m30. These kind of swing trades typically have a 1-3 day duration (give or take), and that is why they are called swing trades because we are trying to take advantage of momentum swing highs and lows within the much bigger trend that may exist in the weekly and monthly t/fs, and it is swing trading on the h4...

Hi Landline,

on higf TF's You may see some points, where price go up or fall like to "magnet". And where may be some problems with price. Why is price now stopping, or in price channel, ehy is there flag and so on.

And I want know, where this problem or opportunities are...

Of course, there are many traders, which have not this information and they are profitable.

But without this information I am "blind". I need view more.
  • #258
  • Feb 28, 2016 1:52pm Feb 28, 2016 1:52pm
Hi B & D

Interesting comments thanks, I guess it all comes down to what an individual trader is comfortable with and what works for them. I'll stick to what I know

Cheers

LL
  • #259
  • Feb 28, 2016 2:02pm Feb 28, 2016 2:02pm
Quoting Landline
Hi B & D Interesting comments thanks, I guess it all comes down to what an individual trader is comfortable with and what works for them. I'll stick to what I know Cheers LL

Hi Landline,

yes, if You are comfortable with this or this, then is good stick with system, which is good for You, of course.

Daniel
  • #260
  • Feb 28, 2016 2:20pm Feb 28, 2016 2:20pm
Hey landline you already know what I just said ,also I would say core tls are best found on higher tfs first ,less points ,higher data qualitly
you don't actually trade the monthly not even weekly
so say EU I just pointed to ,d1 price said yes ,w1 said be careful no ,high risk tl


Quoting Landline
{quote} Any t/f will work, just be aware of what htfs are doing though to keep your t/ps and stops realistic with regards to the broader picture. The method I have laid out here is in it's simplest form and effective. I use it as it stands as well as using t/ls to confirm other methods I use, and nearly always use t/ls to give me a heads up when something is about to turn. As Dan has alluded to in the title....t/ls if identified and used correctly are imo hard to beat, but the key of course to increasing your chances of success is identifying them...
On-site guru & also FF member's' psychiatrist, when not drinking tea
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