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Two trendlines, ultimate reward

  • #561
  • Edited 8:46pm Aug 17, 2016 8:35pm | Edited 8:46pm
Quoting longshot_nl
{quote} 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.
very good numbers ausie. i'd expect a bigger move. maybe its priced in. don't know.
shorted 1/3 of original at 7695.. 5 pips stop.
  • #562
  • Aug 17, 2016 8:57pm Aug 17, 2016 8:57pm
Quoting longshot_nl
{quote} very good numbers ausie. i'd expect a bigger move. maybe its priced in. don't know. shorted 1/3 of original at 7695.. 5 pips stop.
am ooouuutttttt...
  • #563
  • Edited 4:37am Aug 18, 2016 3:12am | Edited 4:37am
eg same as au before.
am short at 8702, stop above bat level 8712.

edit: disregard.

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  • #564
  • Aug 18, 2016 3:53am Aug 18, 2016 3:53am
H4 EG....tp's 1 & 2 bagged, s/l adjusted on final position....profitable and now completely safe set of trades

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  • #565
  • Aug 18, 2016 4:47am Aug 18, 2016 4:47am
GU..H4. This one is already a neat set...TPs 1 & 2 now taken and as usual s/l on remaining position adjusted....can't lose now

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  • #566
  • Aug 18, 2016 4:47am Aug 18, 2016 4:47am
Quoting Landline
H4 EG....tp's 1 & 2 bagged, s/l adjusted on final position....profitable and now completely safe set of trades {image}
i would be interested if it was a 'before' chart with 2 trendlines.
you know, like the topic: Two trendlines, ultimate reward.
its not a pissing contest. i would win though.
  • #567
  • Aug 18, 2016 4:49am Aug 18, 2016 4:49am
Quoting longshot_nl
{quote} i would be interested if it was a before chart with 2 trendlines. you know, like the topic. its not a pissing contest. i would win though.
You're a loser and always will be sonny
  • #568
  • Aug 18, 2016 5:20am Aug 18, 2016 5:20am
funny how price moves against him as soon as he posts.
after almost 7 years on ff i now have 2 people on my ignore list.
  • #569
  • Aug 18, 2016 5:31am Aug 18, 2016 5:31am
Quoting longshot_nl
funny how price moves against him as soon as he posts. after almost 7 years on ff i now have 2 people on my ignore list.
As I've said...you are both indecisive and a loser...ifs buts maybes with t/ls scattered everywhere. You don't know how to effectively trade "sonny".... leave it to those that do...leave it there and move on
  • #570
  • Aug 18, 2016 6:10pm Aug 18, 2016 6:10pm
Quoting landline
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
what are you doing here...????

if you do not like this , you do not undertand, you do not learn nothing new, you are the best of the best, leave us alone with our own mistakes ...

we do not need you and you do not need us please go to do any other thing.

.
  • #571
  • Aug 18, 2016 11:59pm Aug 18, 2016 11:59pm
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Gone to a better place
  • #572
  • Aug 19, 2016 3:20am Aug 19, 2016 3:20am
Quoting Jairote
{quote} what are you doing here...???? if you do not like this , you do not undertand, you do not learn nothing new, you are the best of the best, leave us alone with our own mistakes ... we do not need you and you do not need us please go to do any other thing. .
OK...but you should put your emotions to one side and focus your energy to improve your trading. The multiple t/l approach for example will not work in the long run I can assure you....(hint...exhaustion). Most will be trapped into taking the trade and then discover that it goes against them in no time...think about it.

I have outlined my own approach with numerous pictorial examples throughout this thread, which at least scratches the surface in an attempt to get others off the ground to open their minds to a far superior means of detecting a high probability trade set up. It looks easy and actually is with practice, once other factors are put into the mix to provide me a 75% plus likelihood of success on every trade I take, whereas using the multiple t/l technique used in this thread would generate about 50% success at best, but the indecision caused by so many t/ls reduces that figure even more which makes it un-viable.

My advice to you and anyone else with negative thoughts towards me is to re-visit my posts and carefully study to improve your performance, which includes managing the trade as I have illustrated on several occasions. Remember, it doesn't happen overnight, but in 3 months time, if persevered with, then you should find that your own account whether it be demo or live will have grown nicely.

Anyway, enough said and I'll get out the way and leave you all to it
  • #573
  • Aug 25, 2016 4:35am Aug 25, 2016 4:35am
Quoting longshot_nl
eurcad. daily {image}
this one got missed..
could still become a gartley.

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  • #574
  • Sep 5, 2016 8:36am Sep 5, 2016 8:36am
audnzd weekly.

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  • #575
  • Sep 21, 2016 2:13am Sep 21, 2016 2:13am
Quoting longshot_nl
audnzd weekly. {image}

I don't understand your chart, because one of your lower trend lines was broken by the 3rd July candle. Isn't that supposed to invalidate it? But it looks like it is correct and I am building longs here.
Gone to a better place
  • #576
  • Sep 21, 2016 2:48am Sep 21, 2016 2:48am
Quoting smikester
{quote} I don't understand your chart, because one of your lower trend lines was broken by the 3rd July candle. Isn't that supposed to invalidate it? But it looks like it is correct and I am building longs here.
it broke just to get to the other tl.
its a channel, adding the top side hits it hit 4 times.
i abandoned audnzd in the mean time. I narrowed down the number of pairs i trade to mostly majors. Want to spend more time per pairs that are more reliable.
  • #577
  • Sep 21, 2016 3:15am Sep 21, 2016 3:15am
Quoting smikester
{quote} I don't understand your chart, because one of your lower trend lines was broken by the 3rd July candle. Isn't that supposed to invalidate it? But it looks like it is correct and I am building longs here.
In the past i used parallels many times.
I think i will add it to my current strategy.
price being parallel to major turning points means resistance/support.
broken or not.

for example:

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  • #578
  • Sep 21, 2016 3:20am Sep 21, 2016 3:20am
here example eurusd. its an old chart i just dug up.

but look where it just found support.
these lines get broken a lot...

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  • #579
  • Sep 21, 2016 3:38am Sep 21, 2016 3:38am
Quoting longshot_nl
{quote} it broke just to get to the other tl. its a channel, adding the top side hits it hit 4 times. i abandoned audnzd in the mean time. I narrowed down the number of pairs i trade to mostly majors. Want to spend more time per pairs that are more reliable.
This (Aud/Nzd) is my pet pair at the moment, mostly due to fundamentals and the relatively recent rejection of parity. I see the end of a cycle. It could visit parity again, of course.
Gone to a better place
  • #580
  • Sep 21, 2016 3:39am Sep 21, 2016 3:39am
Quoting longshot_nl
{quote} In the past i used parallels many times. I think i will add it to my current strategy. price being parallel to major turning points means resistance/support. broken or not. for example: {image}
OK. Thanks for the explanation.
Gone to a better place
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