Two trendlines, ultimate reward | Page 27 | Forex Factory

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Two trendlines, ultimate reward

  • #521
  • Aug 2, 2016 11:42am Aug 2, 2016 11:42am
Quoting Landline
H​i all IMO too many t/ls are being drawn and all that does is create confusion for yourselves. I spoke about this some while back in this thread and provided the simple means to easily identify the meaningful or optimum tl which I called hidden t/l for ease. Look back in the thread at my posts and study what I said carefully along with quite a few pictorial examples of live trades that I entered. One t/l is all that is ever needed....it's all there in my previous posts, but it got swamped by the ridiculous amount of others posting lines here...
Land line:

Precisely thas why a like this forum... the way you use the lines to see your trades.. other people likes to use two or three indicators, or use bars and other things that I do not understand.. but all of that work for them... I appreciate for your kind recommendation but thas my way to do it.

Thanks for your comments.
  • #522
  • Aug 2, 2016 12:51pm Aug 2, 2016 12:51pm
Quoting cassyd
{quote} Nice setup Jairote..... Both scenarios shows the pair is ready to go up. I am on it myself but for small profit since I don't have fundamental support of the bullish trend. my take profit is at 0.8581 and i think the straight line on your 4hr chart is the ideal stop level. very nice. all the best
efore
Hi Cassyd...

The three setups were successful. If any of them does not get tp bef.ore tomorrow news, I will close them manually.

  • #523
  • Aug 2, 2016 1:07pm Aug 2, 2016 1:07pm
Quoting Landline
H​i all IMO too many t/ls are being drawn and all that does is create confusion for yourselves. I spoke about this some while back in this thread and provided the simple means to easily identify the meaningful or optimum tl which I called hidden t/l for ease. Look back in the thread at my posts and study what I said carefully along with quite a few pictorial examples of live trades that I entered. One t/l is all that is ever needed....it's all there in my previous posts, but it got swamped by the ridiculous amount of others posting lines here...

Landline: I just see some of your grafs.. and as you said before, the style is fully different.

You should start a new forum, sharing the way you do trading.. I think it will be very interesting for sure..

  • #524
  • Aug 3, 2016 2:13am Aug 3, 2016 2:13am
Quoting Landline
Quoting cassyd
{quote} Hi LL. I wish I understood your method. I tried back then when you introduced it and now when you mentioned it but I failed. It's not your fault I am just a slow learner myself all the best[/quote Using a single t/l is like angling, and that too needs practice, trial and error also to become successful. The square shows the best waters, the t/l is the bait, the t/l break is the hook, and the t/p targets are the fish size you're looking to land, and the stops can be considered as your overall effort. All of this means
...
Hi LL
Thanks for for mentioning learning to fish. Its what I am gonna do starting from now, and on a demo account. I'll post my analysis for your correction if I get any difficulty because your method sounds not easy but effective.
  • #525
  • Aug 3, 2016 2:14am Aug 3, 2016 2:14am
Quoting Jairote
{quote} efore Hi Cassyd... The three setups were successful. If any of them does not get tp bef.ore tomorrow news, I will close them manually.
I agree with you
  • #526
  • Aug 3, 2016 5:04am Aug 3, 2016 5:04am
Quoting cassyd
{quote}{quote} Hi LL Thanks for for mentioning learning to fish. Its what I am gonna do starting from now, and on a demo account. I'll post my analysis for your correction if I get any difficulty because your method sounds not easy but effective.
Good for you....have a try and I'll constructively critique if needed
  • #527
  • Aug 3, 2016 8:43am Aug 3, 2016 8:43am
Quoting Landline
{quote} Good for you....have a try and I'll constructively critique if needed
An example of a neat ongoing trade I took earlier on USDCHF h1, tps 1 + 2 hit, stop for last position adjusted, now a completely free trade no matter what happens. Post your chart if you are ready to

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH1.png Size: 28 KB
​
  • #528
  • Aug 4, 2016 5:06am Aug 4, 2016 5:06am
​Good opportunities are lining up and I have several pendings waiting to trigger.....should be another profitable day I think
  • #529
  • Aug 4, 2016 12:02pm Aug 4, 2016 12:02pm
i think this is a breakout on a 4 hour time frame. I am not on it my self because i am over my margin. good luck to those who will consider it
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 40 KB
  • #530
  • Aug 4, 2016 12:08pm Aug 4, 2016 12:08pm
#Landline
I think you have modified your chart. I am lost now. I was trying to follow from previous ones with this one and I can't make it. Maybe you need to give us explanation of the modified chart. If I missed the notes from your previous posts would you please post link or post number. thank you for sharing
  • #531
  • Aug 5, 2016 5:50am Aug 5, 2016 5:50am
Quoting cassyd
i think this is a breakout on a 4 hour time frame. I am not on it my self because i am over my margin. good luck to those who will consider it {image}
​Nothing apart from b/g colour has changed. My basic method of hidden t/l remains essentially the same.

Regarding the NZDCHF, I can tell you that my unconventional approach (had I been interested in trading that pair that is) would have presented 4 maybe 5 entry opportunities and I'd be sitting pretty with 300+ pips to my name whereas your conventional approach seems to have allowed 1 opportunity according to your chart. In my case I would have taken profit and been out of most of the positions now, which is an obvious advantage of my method.

Anyhow, I've shown my basic method and I'll leave you to ponder and figure things out how best to use t/ls that suits you ​(it doesn't need to suit anybody else but you) .....it's your money at risk, no one elses, and be very careful whose advice you take, only a tiny fraction make money remember!
  • #532
  • Aug 5, 2016 7:16am Aug 5, 2016 7:16am
@Landline I will show you my analysis using your method and you will tell me if I am doing the correct things. thanx.
  • #533
  • Aug 9, 2016 3:14pm Aug 9, 2016 3:14pm
Hi...

This is AUD CHF / DAY.... There is a strong resistance touched more than 5 times....


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 8 KB


And this is how it looks in 1H...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 10 KB
  • #534
  • Aug 10, 2016 2:49am Aug 10, 2016 2:49am
Quoting Jairote
Hi... This is AUD CHF / DAY.... There is a strong resistance touched more than 5 times.... {image} And this is how it looks in 1H... {image}

Interesting. Thanks for the heads up.
Gone to a better place
  • #535
  • Aug 11, 2016 10:10pm Aug 11, 2016 10:10pm
Hi...

This is AUD CAD...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 11 KB


It could be around 100 pips at least...
  • #536
  • Aug 12, 2016 4:59am Aug 12, 2016 4:59am
Quoting Jairote
Hi... This is AUD CAD... {image} It could be around 100 pips at least...
Hi....

Your chart doesn't contain any detail except some lines.

Long? Short? Entry point S/l? TP?

More detail is required before any charts you post can be considered which you must already know. If you look at my charts for example, you will always find easy to see labels telling anyone viewing exactly what I'm doing and leaves no questions, therefore, don't fall into the same category as everyone else and post ambiguous charts which say nothing and leaving viewers guessing at what you're trying to say.

Thank you
  • #537
  • Aug 14, 2016 5:00pm Aug 14, 2016 5:00pm
Quoting Landline
{quote} Hi.... Your chart doesn't contain any detail except some lines. Long? Short? Entry point S/l? TP? More detail is required before any charts you post can be considered which you must already know. If you look at my charts for example, you will always find easy to see labels telling anyone viewing exactly what I'm doing and leaves no questions, therefore, don't fall into the same category as everyone else and post ambiguous charts which say nothing and leaving viewers guessing at what you're trying to say. Thank you
Land line.. What the lines show is the breakdown of resistance for the price and the price testing now the support.

The line S/R is a point of decision. it means that the price could reboot on the S/R line or cross it again. What we could expect is that the price reboot on the support and go to the north... which did not happen....

I can tell you where is the entry, the sl or tp, because I do not supply signals.

Rgds//
  • #538
  • Aug 14, 2016 6:00pm Aug 14, 2016 6:00pm
Quoting Jairote
{quote} Land line.. What the lines show is the breakdown of resistance for the price and the price testing now the support. The line S/R is a point of decision. it means that the price could reboot on the S/R line or cross it again. What we could expect is that the price reboot on the support and go to the north... which did not happen.... I can tell you where is the entry, the sl or tp, because I do not supply signals. Rgds//
By not giving any detail means you have no confidence or conviction to the trade, and on that simple basis I cannot see any reason for you to bother posting your chart, it's simply a waste of your time and anyone elses viewing. The bottom line is either supply detail to any chart you post or simply don't bother posting, because you are not compelled to post are you
  • #540
  • Edited 12:58pm Aug 15, 2016 11:20am | Edited 12:58pm
Entry: Now
SL: A little over the resistance about 0.994
TP: 0.99 :-)

Nice Idea...I trade also with S/(R but combination with trendlines is the best!
Vucking good EA coder... https://t.ly/AZjRM
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