{quote} I am not in GBPUSD with You gentlemen. But I wish you a successful trade and I am watching the result :-)
ok, there will be another setups in future, of course
Two trendlines, ultimate reward
- #645
- Oct 1, 2016 12:31pm Oct 1, 2016 12:31pm
{quote} Hi daniel2... Very good job...One question: with GBPJPY, why did you decide go to 132 instead of 135... ?
You may see now, that will be waiting for this big move, it will still on entry.
BUt with less RRR (1:3) I have 3 trades. So about 1:9. And I am still on entry. A little bit above support.
You may see now "logic" about RRR. Very often is better do less RRR (1:3) than "hoping" for 1:10. Which is rarely hit in one trade.
So ...
I have same results.
Almost same RRR.
Shorter time.
Etc.
- #647
- Oct 1, 2016 4:04pm Oct 1, 2016 4:04pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
{quote} Hi daniel... You are right.... in the case of GBPJPY I opened 2 lots.. 1 closed at 132 and the other is still open to tp 135.... sl below 130... Very nice to work and learn from you. Thank you for sharing your experience.
congratulations
We will see, what will happen on GJ next week.
Hallo Daniel,
Your thread is very interesting.
i have a question about trendlines.
Sometimes it seeems that your trendline crosses through a candle or several candles. Is that allowed while making trendlines.? Surprisingly often the trendline is still acting as a trendline, some weeks later.
I hope you can shed some light on this. I send an example to show what i mean.
Your thread is very interesting.
i have a question about trendlines.
Sometimes it seeems that your trendline crosses through a candle or several candles. Is that allowed while making trendlines.? Surprisingly often the trendline is still acting as a trendline, some weeks later.
I hope you can shed some light on this. I send an example to show what i mean.
- #652
- Oct 3, 2016 12:44am Oct 3, 2016 12:44am
Hallo Daniel, Your thread is very interesting. i have a question about trendlines. Sometimes it seeems that your trendline crosses through a candle or several candles. Is that allowed while making trendlines.? Surprisingly often the trendline is still acting as a trendline, some weeks later. I hope you can shed some light on this. I send an example to show what i mean. {image}
Hi floda99,
thank You for Your post.
I see, it is not my chart. AUDNZD I am not analysing.
So, it is Your Trend Lines on chart, right?
Good job
Trend Lines is very good tool. Of course even strong support or resistances are sometimes broken or spiked. You may see this behaviour on Your chart.
I have easy rule. If is there not 3 SR, then I am not draw Trend Line.
You are on good way. You drawing on 3 and more peaks (SR levels). More "peaks" = more reliable (obvious).
So, even nice TL are sometimes broken. You must respect real trading world. And after some time is price on this Trend Line again = this TL is very good. Many big traders with big money see it.
Hope helps.
Hi all. There is summary of trading Daniels trend lines for last week from me. I did few trades. I have some TP and some SL. I am also using positive RRR. Finally I am in small plus. I am looking forward this week Thank You Daniel for sharing your trend lines and advices :-)
congratulations
