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Two trendlines, ultimate reward

  • #421
  • Mar 16, 2016 5:43am Mar 16, 2016 5:43am
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}
So easy to miss something..
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I will be short later today if it touches the 88.6 fib / resistance then.
  • #422
  • Mar 16, 2016 6:53am Mar 16, 2016 6:53am
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}
This one can be disregarded.
This is the lowest bullish setup for this pair. A lower low is bearish. I like spikes, it has to spike for this setup.

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  • #423
  • Edited 7:54am Mar 16, 2016 7:38am | Edited 7:54am
TL + Fibo
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  • #424
  • Edited 5:44pm Mar 16, 2016 7:39am | Edited 5:44pm
E/U : sideway don't trade
  • #425
  • Mar 16, 2016 4:50pm Mar 16, 2016 4:50pm
My entry too much protected. i new high could be considered a break.
I cancelled my short limit order.
So tomorrow start all over again finding a nice setup.

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  • #426
  • Edited 6:22am Mar 17, 2016 5:35am | Edited 6:22am
This is what happened.
Price is now below but reached a higher level then i would like have seen.
It respected my tl but not too happy about that either.
IMHO it could go either way.

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I was afraid of this. Looks more bullish to me now.
The yellow points i would consider trading.

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  • #427
  • Mar 17, 2016 5:46am Mar 17, 2016 5:46am
Possible pivot point trade later on today.
(its the 5m chart)

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  • #428
  • Mar 21, 2016 12:46am Mar 21, 2016 12:46am
Quoting longshot_nl
{quote} So easy to miss something.. {image} I will be short later today if it touches the 88.6 fib / resistance then.
Hi Longshot...
Did yourealize that point you marked to short the eurgbp on 240was right on te spot?
Did you short it?
  • #429
  • Mar 21, 2016 4:14am Mar 21, 2016 4:14am
Quoting cuchuflito
{quote} Hi Longshot... Did yourealize that point you marked to short the eurgbp on 240was right on te spot? Did you short it?
I exited the trade. It showed poor rejection on lower tf.
I would have been stopped out before it went down.
Made some loss though.
I posted update in another thread.
  • #430
  • Mar 21, 2016 4:46am Mar 21, 2016 4:46am
I was on GBPCAD on sell today, 2*60 pips = +/- 120 pips profit.

I strongly recommend wait for confirmation. On GBPCAD it was candle for sell on H4.
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  • #431
  • Mar 21, 2016 6:32am Mar 21, 2016 6:32am
I am on GBPCHF now :-)
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  • #432
  • Mar 23, 2016 4:37am Mar 23, 2016 4:37am
Quoting dodeena7480
TL + Fibo {image} {image} {image} {image}
I have now signal on EURAUD again :-)
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  • #433
  • Mar 23, 2016 10:36am Mar 23, 2016 10:36am
USDCAD sell, we will see...
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  • #434
  • Edited 4:04pm Mar 23, 2016 2:47pm | Edited 4:04pm
Hello Daniel. Hello Landline. I am really enjoying reading this thread. Everyone has so much good advice. Thank you. I am new to trading, but I have read many strategies and tried out a lot of them. The trend line strategy of Daniels, and Landline's alternative strategy seem like goldmines to me.

I know Daniel does not trade the lower time frames, so this question is for Landline. Landline, I like the 5 minute charts because they suit my trading style right now.

Maybe later, when I have more experience, I would like to try the hour or 4 hour charts. But, would you, Landline, recommend your method on the 5 minute charts. If so, what higher time frame would you suggest that I look at, in combination with the 5 minute, to make sure my trade is going the right direction? Thank you for your kind reply.
  • #435
  • Mar 24, 2016 1:08am Mar 24, 2016 1:08am
Quoting Desiree
Hello Daniel. Hello Landline. I am really enjoying reading this thread. Everyone has so much good advice. Thank you. I am new to trading, but I have read many strategies and tried out a lot of them. The trend line strategy of Daniels, and Landline's alternative strategy seem like goldmines to me. I know Daniel does not trade the lower time frames, so this question is for Landline. Landline, I like the 5 minute charts because they suit my trading style right now. Maybe later, when I have more experience, I would like to try the hour or 4 hour charts....


Hi Desiree,

thank You, welcome :-)
  • #436
  • Mar 24, 2016 2:19am Mar 24, 2016 2:19am
USDCAD on BUY, we will see...
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  • #437
  • Mar 24, 2016 5:25am Mar 24, 2016 5:25am
Quoting daniel2
{quote} Hi Desiree, thank You, welcome :-)
Thank you, Daniel. I have subscribed.
  • #438
  • Mar 24, 2016 3:59pm Mar 24, 2016 3:59pm
This is my first try at this... If price reaches the top TL, I sell? If price hits the bottom TL, I buy? Is this how this works?

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  • #439
  • Mar 25, 2016 1:03am Mar 25, 2016 1:03am
Quoting kinitex
This is my first try at this... If price reaches the top TL, I sell? If price hits the bottom TL, I buy? Is this how this works? {image} {image} {image}
Hi kinitex.

Check this thread from the begining please.
There are conditions for this system from Daniel.
You must have two trendlines to have an open signal :-)
  • #440
  • Mar 29, 2016 9:52am Mar 29, 2016 9:52am
perfect setup..double TL ,fib 60% , and 1H demand area
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