Two trendlines, ultimate reward

Quoting Saruniuz

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Hello, Took EUR/GBP put earlier on H1 chart and closed it for 20 pips profit. Sorry that this chart is not very professional and clear. Taking trades on my phone and cannot use MT4 P.S. Good setups and trades Daniel! {image}

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Quoting Landline

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Hi all GC that triggered earlier. It's doing ok but struggling to pierce a resistance level right now for tp1 and it's had a few goes trying. We will see LL {image}

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Quoting Landline

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{quote} Hi all A quick update on GC I placed recently ref chart attached. As I mentioned, it was doing ok but struggling to break a resistance level, and after several tests it made it to tp1 for +120. What I did then was take some more off the table from the 2 remaining positions, and adjusted those 2 stops to leave the trade in a breathable but safe condition. Of course it's tempting to take everythng now, but the thing is I'm now in the perfect position to control what I do on these trades because I have the equity already banked, and equally...

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Quoting StrikeBack

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Very nice, Daniel! I found the same prcie behavior before. Subscribed your thread.

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Quoting daniel2

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{quote} Very nice Landline, congratulations! We want see more Your charts in future.

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Quoting Landline

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{quote} Hi D I will be happy to post charts and comments so long as they transmit something useful to anyone viewing What I think is equally important to quantity of charts if not more is the quality of a post/chart/comment instead. We unfortunately see so many charts without clear explanations which can become confusing and even more so for the less experienced traders, and it almost seems like we have to be a mind-reader on occasions lol. So it would be good if anyone posting could give some basic details of their rationale in future...

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Quoting Rafiki

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{image} Hello Daniel, I like your strategy of following two trend lines and while I follow Ichimoku and want to incorporate trend lines too I am encouraged to post here today. The thick red horizontal line represents the break I am looking for on the 15 min chart before I sell. I believe for this week EUR/JPY is trending down. My first target will be 121.80 which is Support 1 on the Daily . So we wait and see.

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Quoting Rafiki

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{image} Hello Daniel, I like your strategy of following two trend lines and while I follow Ichimoku and want to incorporate trend lines too I am encouraged to post here today. The thick red horizontal line represents the break I am looking for on the 15 min chart before I sell. I believe for this week EUR/JPY is trending down. My first target will be 121.80 which is Support 1 on the Daily . So we wait and see.

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Quoting Bones

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2 trend line gbpcad {image} {image}

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Quoting Landline

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{quote} Hi all A quick update on GC I placed recently ref chart attached. As I mentioned, it was doing ok but struggling to break a resistance level, and after several tests it made it to tp1 for +120. What I did then was take some more off the table from the 2 remaining positions, and adjusted those 2 stops to leave the trade in a breathable but safe condition. Of course it's tempting to take everythng now, but the thing is I'm now in the perfect position to control what I do on these trades because I have the equity already banked, and equally...

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Quoting Rafiki

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{image} Hello Landline and Daniel, This is my first attempt at drawing lines. First let me say that I believe that EUR/JPY is in a downtrend both monthly and weekly. So on the hourly chart keeping it simple the green horizontal lines represent support/resistance points. Then I drew a trendline at the bottom of the uptrend and one on the top of the downtrend and when these lines break I either sell or buy. For example I as I said in my first chart I would sell now and place a stop at Point A ( 123.32 ) or B ( 123.11 ) which is also the Pivot point...

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