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(binned per thread starter's request) Channel/trendline trading

  • #161
  • Mar 8, 2016 9:17am Mar 8, 2016 9:17am
Quoting janpec1000
Missed nice multi TF entry on USDMXN. Those are great for good RR. H4: {image} M1: {image}
me missed lot of entries every day, some i dont take due to fear, some good entries i close due to fear of loss.
  • #162
  • Mar 8, 2016 12:25pm Mar 8, 2016 12:25pm
Quoting janpec1000
Forgot to add that there is one indicator i am using, its basically just price alert indicator that is triggered by lines, either flat line or trendline. That helps to reduce chart watchin time down by 80% once you are familiar with trading approach. So when you spot trendline draw it, and then once price touches it again youll get alert, then follow price for 2 minutes (if you trade m1) to see if breaks, if it doesnt then simply replace trendline to get alert next time. Or instead place flat line to be alerted on break which is what i do (no need...
Is this a template or an indicator. Where to I paste itThanks
  • #163
  • Mar 8, 2016 12:31pm Mar 8, 2016 12:31pm
Quoting nickjr96
{quote} Is this a template or an indicator. Where to I paste itThanks
Only indicator. Put it in your Mt4 indicators folder. On Win 7 that is:
C:\Users"your user name"\AppData\Roaming\MetaQuotes\Terminal\Acc number\MQL4\Indicators
  • #164
  • Mar 8, 2016 1:26pm Mar 8, 2016 1:26pm
Quoting janpec1000
{quote} Only indicator. Put it in your Mt4 indicators folder. On Win 7 that is: C:\Users"your user name"\AppData\Roaming\MetaQuotes\Terminal\Acc number\MQL4\Indicators
Thanks got it
  • #165
  • Mar 8, 2016 4:09pm Mar 8, 2016 4:09pm
Quoting jeetvirk
{quote} me missed lot of entries every day, some i dont take due to fear, some good entries i close due to fear of loss.
If fear is holding you back try reducing your lot size until confidence takes over fear.
  • #166
  • Mar 8, 2016 4:39pm Mar 8, 2016 4:39pm
The winning setup for today would be GU, multi TF setup, bounce from H1 trendline at the same time forming m1 channel breakout, low risk , solid reward.

H1:
Attached Image (click to enlarge)
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M1:
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  • #167
  • Mar 8, 2016 4:48pm Mar 8, 2016 4:48pm
For trendline brekout and the news, avoid investing before and after? or is indifferent?
  • #168
  • Mar 8, 2016 5:01pm Mar 8, 2016 5:01pm
Quoting giuse224
For trendline brekout and the news, avoid investing before and after? or is indifferent?
There is no difference, a candle close is a candle close. Obviously however if you trade news it has to be channel from m15+ TF.
  • #169
  • Mar 8, 2016 5:29pm Mar 8, 2016 5:29pm
Quoting janpec1000
{quote} There is no difference, a candle close is a candle close. Obviously however if you trade news it has to be channel from m15+ TF.
what does it mean? "It has to be channel from m15 + TF"
  • #170
  • Mar 8, 2016 8:10pm Mar 8, 2016 8:10pm
Perfect set ups on the way down EUR/USD

Attached Image (click to enlarge)
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  • #171
  • Mar 9, 2016 12:09am Mar 9, 2016 12:09am
EA +5
Attached Image (click to enlarge)
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  • #172
  • Mar 9, 2016 3:20am Mar 9, 2016 3:20am
Quoting jeetvirk
EA +5 {image}
Great setup.
Looking for long on EA, RR is good here:
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  • #173
  • Mar 10, 2016 2:20am Mar 10, 2016 2:20am
EU +7 now only looking for trades in EU
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1 10.3.16_1.png Size: 47 KB
  • #174
  • Mar 10, 2016 3:13am Mar 10, 2016 3:13am
Quoting jeetvirk
EU +7 now only looking for trades in EU {image}
ECB today should be something to trade on EUR yeh. Liquidity will be there for sure.
  • #175
  • Mar 10, 2016 6:37am Mar 10, 2016 6:37am
gona short some ahead of ECB smaller.
  • #176
  • Mar 10, 2016 6:49am Mar 10, 2016 6:49am
Quoting janpec1000
gona short some ahead of ECB smaller.
Got 20 pips (S5 TF):
Attached Image (click to enlarge)
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  • #177
  • Mar 10, 2016 7:17am Mar 10, 2016 7:17am
Quoting janpec1000
{quote} Got 20 pips (S5 TF): {image}
Good job Janpec

I got 7 pips in the morning so i was like should i go or not at the same entry point i dont want to give back my todays profit. I did not enter.
  • #178
  • Mar 10, 2016 12:33pm Mar 10, 2016 12:33pm
Quoting janpec1000
{quote} There is no difference, a candle close is a candle close. Obviously however if you trade news it has to be channel from m15+ TF.
what does it mean? "It has to be channel from m15 + TF" ???
  • #179
  • Mar 10, 2016 12:57pm Mar 10, 2016 12:57pm
Quoting giuse224
{quote} what does it mean? "It has to be channel from m15 + TF" ???
I guess this means use the TF M30 H1 H4....., longer than m15.
  • #180
  • Mar 10, 2016 1:50pm Mar 10, 2016 1:50pm
Quoting missH
{quote} I guess this means use the TF M30 H1 H4....., longer than m15.
you, but it makes no sense, the news 2/3 bulls move many pips instantly.
I think it's better to stay away half an hour before and after.
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