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Two trendlines, ultimate reward

  • #381
  • Mar 11, 2016 8:39am Mar 11, 2016 8:39am
good luck bro
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File Type: ex4 Dan FX TL.ex4   32 KB | 597 downloads
  • #382
  • Mar 11, 2016 8:49am Mar 11, 2016 8:49am
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  • #383
  • Mar 11, 2016 8:51am Mar 11, 2016 8:51am
Do you trade all pairs here?
  • #384
  • Mar 11, 2016 8:54am Mar 11, 2016 8:54am
Quoting dodeena7480
good luck bro {image} {file} {image}
Interesting dodeena7480, is it Your work?

Say us a little bit more about this indicator, if You want
  • #385
  • Mar 11, 2016 9:02am Mar 11, 2016 9:02am
It works great TF H1.
Everything that confidence in you.
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  • #386
  • Mar 11, 2016 9:06am Mar 11, 2016 9:06am
Quoting dodeena7480
It works great TF H1. Everything that confidence in you. {image} {image}

Good
  • #387
  • Mar 12, 2016 5:36pm Mar 12, 2016 5:36pm
Quoting smikester
It's a bit late to post this as the potential head and shoulders was not very clear to me at first. (I'm a bit new to drawing trend lines) {image}
IMHO, we might get another chance at this.
Its at congestion area marked blue and my trendline.
If it bounces to the top line it is a great rrr entry.

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On the daily this might become a H&S pattern which gives another opportunity.

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  • #388
  • Mar 13, 2016 1:11am Mar 13, 2016 1:11am
Quoting longshot_nl
{quote} IMHO, we might get another chance at this. Its at congestion area marked blue and my trendline. If it bounces to the top line it is a great rrr entry. {image} On the daily this might become a H&S pattern which gives another opportunity. {image}

Nice longshot for the tip, we will wait :-)
  • #389
  • Mar 13, 2016 3:09am Mar 13, 2016 3:09am
Quoting daniel2
GBPCAD, buy +22 pips closed {image} {image} {image} {image} {image}
May I know if there's an automatic indicator that draws trendling on various TFs..... any video tutorial how to draw TLs...?
  • #390
  • Mar 13, 2016 3:23am Mar 13, 2016 3:23am
Quoting fxenthusiast
{quote} May I know if there's an automatic indicator that draws trendling on various TFs..... any video tutorial how to draw TLs...?

Hi fxenthusiast,

welcome here

I draw TrendLines by my hands. No indicators. About drawing trendlines are many literature. This thread is a little bit more advance.
  • #391
  • Mar 14, 2016 2:52am Mar 14, 2016 2:52am
HI,

great thread, You're making it so easy, thx :-)
  • #392
  • Mar 14, 2016 3:53am Mar 14, 2016 3:53am
Quoting Pipinek
HI, great thread, You're making it so easy, thx :-)

Hi Pipinek,

welcome here too

Thank You
  • #393
  • Mar 14, 2016 4:30am Mar 14, 2016 4:30am
Hi to all.
I have opened EURAUD for buy. What do You think? :-)
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  • #394
  • Mar 14, 2016 4:36am Mar 14, 2016 4:36am
Quoting daniel2
{quote} Hi fxenthusiast, welcome here I draw TrendLines by my hands. No indicators. About drawing trendlines are many literature. This thread is a little bit more advance.
Ok, tnx
  • #395
  • Mar 14, 2016 4:42am Mar 14, 2016 4:42am
Comon guys, lets work together to find the perfect trade.
If this one spikes its a nice trade. Of course if confluence is lost, not.
I dont have anything else.

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  • #396
  • Mar 14, 2016 4:45am Mar 14, 2016 4:45am
Quoting longshot_nl
Comon guys, lets work together to find the perfect trade. If this one spikes its a nice trade. Of course if confluence is lost, not. I dont have anything else. {image}
if you want to risk 10 pips for 80, you might buy this one. This one bit too risky for me.
I would sell the bear setup for sure though

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  • #397
  • Mar 14, 2016 5:19am Mar 14, 2016 5:19am
Quoting Victory1
Hi to all. I have opened EURAUD for buy. What do You think? :-) {image} {image}
Pritty good.
You ask for an opinion... so:
Try to find more confluence to get a better entry.
Your stoploss is pretty far away... A better entry = a better stoploss = better risk to reward ratio.
The TL did not really get tested so price may go down to a lower level to do a real test.
I will wait till this time.
My stoploss would be 30 pips.
But on the flipside, i could miss it.

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  • #398
  • Mar 14, 2016 5:36am Mar 14, 2016 5:36am
Quoting longshot_nl
{quote} Pritty good. You ask for an opinion... so: Try to find more confluence to get a better entry. Your stoploss is pretty far away... A better entry = a better stoploss = better risk to reward ratio. The TL did not really get tested so price may go down to a lower level to do a real test. I will wait till this time. My stoploss would be 30 pips. But on the flipside, i could miss it. {image}
Thank You for Your opinion.
I am very curious about the result.
I expect the EURAUD is on uptread already. But we will see :-)
  • #399
  • Mar 14, 2016 9:03am Mar 14, 2016 9:03am
Quoting Victory1
{quote} Thank You for Your opinion. I am very curious about the result. I expect the EURAUD is on uptread already. But we will see :-)
Long is promising but not yet...currently stuck in a 40 pip range...so a pending order at a more favourable price is recommended if you are intent on going long that is. On the other hand if price breaks the range downside then look to short instead. The key is the range break tbh, but as I said, long looks favourite....just not yet! It's your call either way.
  • #400
  • Mar 14, 2016 9:11am Mar 14, 2016 9:11am
Quoting Landline
{quote} Long is promising but not yet...currently stuck in a 40 pip range...so a pending order at a more favourable price is recommended if you are intent on going long that is. On the other hand if price breaks the range downside then look to short instead. The key is the range break tbh, but as I said, long looks favourite....just not yet! It's your call either way.
Thank You for Your kind reply Landline.

I see there is nice BOW on EURAUD.
So I expect the trend will continue.

Also I will watch the major pairs EURUSD and AUDUSD to know when I should close the trade.

Lets see. Time will show us the truth :-)
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