Advanced strategy #10 (Trend Line Trading Strategy)
Submitted by Edward Revy on October 4, 2008 - 08:30.
A truly great work has been done by Myronn, the author of the current Trend Line Trading Strategy.
Support-resistance trading, trend line trading, checking higher time frames, money management — the strategy has a concrete-like theory base and a simple implementation — a winning combination, that places it into the category of advanced strategies.
Remember, your feedback, comments and suggestions are always in great demand!
Edward Revy
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Thanks, Chinto, for advices. Its cool you showed where to pay attention. Cool for the beginners :)
Matcey
You are wellcome Matcey,
I managed to get 20 pips out of the USD/CHF trade setup i was talking about last night.
Price moved down about 40 pips to 1.01481 from my entry. I moved my SL as price started to move up fast from the Daily PP lavel.
Tow pair that are making a nice retracement on the H4 chart moving down to the TL are EUR/USD and NZD/USD and EUR/NZD is also forming a nice setup on the H4 chart to the down side,lets see how they trade this week.
Regards,
Chinto.
Hi to all,
As tonight, NZD/USD is coming down to test the TL on the H4 chart and move up a bit more as the pair still has some room from previous weekly high at 0.82000.
Lets see how it plays out, price can go down or up, we never know where is going to go our job is to be prepare to enter the trades with the minimum risk possible.
Regards,
Chinto.
I just want to share a nice trade from last week using this powerfull method.
This is another trade i took using this amazing Stategy.
This Strategy works so well.
Thanks Edward and team.
Regards,
Jacinto.
Hi to all,
NZD/USD has been trading up today very nicely....it tested the trendline on the Daily chart and it has moved up from the TL about 200 pips...isn't that a nice move!! EUR/USD has moved up at little from the TL ...tow nice trades.
Regards,
Chinto.
Hi to all,
As today the EUR/USD on the H1 chart is coming down to test the TL, it seems that may retrace from the TL, and that is going to be a nice place to place an order.
I love this trading method.
Regards to all.
Hi to all,
I am long on EUR/USD since this morning, i have moved my stop lost as price has moved up nicely.
Is anybody using this great trading method?
Good trading for all.
Chinto.
I can't understand how Myronn finds so many orders to open per day. Like 10-15 orders per day!
Bill