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Two trendlines, ultimate reward

  • #541
  • Aug 15, 2016 11:20am Aug 15, 2016 11:20am
Quoting reteid2222
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!
Bizarre!....
  • #542
  • Aug 15, 2016 11:35am Aug 15, 2016 11:35am
the same 4 this one:
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Vucking good EA coder... https://t.ly/AZjRM
  • #543
  • Aug 15, 2016 11:45am Aug 15, 2016 11:45am
Here is my chart, don't ask me about it cause I will not provide signals either.
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  • #544
  • Aug 16, 2016 2:10am Aug 16, 2016 2:10am
There's plenty of fumbling in the dark on this thread but very little in the way of a strategy/game plan. Nothing I've seen here interests me with any originality and on that basis I'm outta here....g/l all
  • #545
  • Aug 16, 2016 2:36am Aug 16, 2016 2:36am
Here is an interesting area. This area was rejected last week and I will be looking for price action around here:

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Daniel2's first post in this thread is quite informative and worth reading for anyone who is not sure what the thread is about.
Gone to a better place
  • #546
  • Aug 16, 2016 2:38am Aug 16, 2016 2:38am
eurcad. daily

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  • #547
  • Aug 16, 2016 2:53am Aug 16, 2016 2:53am
euraud monthly

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  • #548
  • Aug 16, 2016 3:19am Aug 16, 2016 3:19am
Quoting smikester
Here is an interesting area. This area was rejected last week and I will be looking for price action around here: {image} Daniel2's first post in this thread is quite informative and worth reading for anyone who is not sure what the thread is about.
yes. its got the rest of the week to make a spike.
am bullish long term. a close above the white line is bullish.
i'd like it to make a libra pattern though.

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  • #549
  • Aug 16, 2016 3:28am Aug 16, 2016 3:28am
Quoting longshot_nl
{quote} yes. its got the rest of the week to make a spike. am bullish long term. a close above the white line is bullish. i'd like it to make a libra pattern though. {image}
zooming in.
white line broken.
there is a bat at 7741 so that is where i short.
my stop at 7750

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  • #550
  • Aug 16, 2016 4:22am Aug 16, 2016 4:22am
Quoting longshot_nl
{quote} zooming in. white line broken. there is a bat at 7741 so that is where i short. my stop at 7750 {image}

Thanks for sharing your work.
Gone to a better place
  • #551
  • Aug 16, 2016 4:31am Aug 16, 2016 4:31am
Quoting smikester
{quote} Thanks for sharing your work.
you are welcome. same here.

  • #552
  • Aug 16, 2016 5:38am Aug 16, 2016 5:38am
Quoting longshot_nl
{quote} zooming in. white line broken. there is a bat at 7741 so that is where i short. my stop at 7750 {image}
the spread took me out first time.lucky i was here to enter again.
rejection is hard. so i keep it.

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  • #553
  • Aug 16, 2016 6:25am Aug 16, 2016 6:25am
Quoting longshot_nl
{quote} the spread took me out first time.lucky i was here to enter again. rejection is hard. so i keep it. {image}
closed 1/5th for 50 pips. rest at break even.

will double it up after break/retest of tl.

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its an usd thing. eurusd also retest of tl.

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  • #554
  • Aug 16, 2016 7:04am Aug 16, 2016 7:04am
Quoting longshot_nl
{quote} closed 1/5th for 50 pips. rest at break even. will double it up after break/retest of tl. {image} its an usd thing. eurusd also retest of tl. {image}
Nice trade longshot. Are you goingto keep some until .6900? (only just entered this trade myself).
Gone to a better place
  • #555
  • Aug 16, 2016 7:12am Aug 16, 2016 7:12am
I'm looking at price action off 1.28 for Usd/Cad. I have three separate strong weekly levels drawn here. For this thread I'm calling them horizontal trend lines:

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Gone to a better place
  • #556
  • Edited 8:46am Aug 16, 2016 8:19am | Edited 8:46am
Quoting smikester
{quote} Nice trade longshot. Are you goingto keep some until .6900? (only just entered this trade myself).
probably not. don't need all pips.
7040 is an ugly gartley. may close there and wait and see what happens next.
first lets see if price does not come up to stop us out. i feel safer below the tl.
lots of stuff can happen.
a 4h candle needs to close below 7685.
then there are more trendlines below. they are also opportunities to add.
  • #557
  • Aug 17, 2016 4:11am Aug 17, 2016 4:11am
closed temporary.
may open again either 50 pips higher or 10 pips lower.
this is actually a bullish setup.
so it also depends on shape of next wave.

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  • #558
  • Aug 17, 2016 4:19am Aug 17, 2016 4:19am
Text book break to trend line at .7675. Why can't they all be like that? I don't see any major obstacles (apart from FOMC) until .7532
Gone to a better place
  • #559
  • Edited 5:02am Aug 17, 2016 4:34am | Edited 5:02am
Quoting smikester
Text book break to trend line at .7675. Why can't they all be like that? I don't see any major obstacles (apart from FOMC) until .7532
right now it is rejected from my line, i'd almost buy.
imho it could well retrace to 7695.
i'd have 80 bonus pips risking 10.. i said 50 pips before, changed my mind.
don't think it will happen today. if it did it would seem bullish to me.
if it happens tomorrow it can do a retest of the tl at the same time.
i have no pending short limit, will see tomorrow.
but anything can happen.
  • #560
  • Aug 17, 2016 5:16am Aug 17, 2016 5:16am
A very straightforward and simple set of entries for me from yesterday on AU still ongoing. TPS 1 & 2 already hit, S/L adjusted on final position...perfect trade.

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