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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Hi Bill,
Myronn, as he states on the first page, takes trades even on 1 minute,5 minutes 15 minutes and up, so that may be the reason why he is able to find that many trades per day.
My favorite timeframes to use this method are H1 and H4 charts, starting from looking at the Daily chart to see the biger picture of the market direction.
Regards,
Chinto.
Hi to all,
I closed my long trade on EUR/USD with a nice profit at 1.48400 as the System.
It may still go up to the 1.50000 previus resistance on the Daily TF, but since i opened the trade using a smaller TF, i was more comfortable taking the profit at previus resistance level on the H4 TF.
I will be waiting for the next trade setup.
Regard,
Chinto.
Hi to all,
There is a nice setup forming, on GBP/USD H4 TF, to the down side.
I am waiting for this H4 candle to close and i may place a sell order below previus candle at 1.65800 , lets see how it plays out.
Regards,
Chinto.
Hi everybody,
hope everyone had a nice weekend.
At this moment i am short EUR/CAD on H4 chart.
I like this setup because the profit potential and the small stop lost.
It could easyly go down to 1.53000. We will see what happens.
Hope every one has a nice trading week!
I took that EUR/CAD trade too (on demo). My TP was 1.58260 and it was hit 1 hour ago: 180 pips profit.
Hi to all,
180 pips profit! that is really good!
I am still on that ERU/CAD trade,we'll see how it plays out.
Have a nice trading week to all.
Chinto.
Hello Friends,
i found this strategy last week and i will trading this in the future. Thanks to Myronn for sharing this KISS System.
Every Trader here are welcome to the new Tread about the Trading with this Trendline System :
http://forums.forex-strategies-revealed.com/advanced-strategy-trend-line...
We can share in this Thread all Setups , Signals and Suggestions for our maximum education and profit. Also we can making a Skype Chat Group together !
I hope wee see us soon - Greetings and a lot of Pips - Jens
Hi to all,
I had an sell order on EUR/CAD at 1.59400 with a SL above the 4 hour TL ,300 pips profit.
This is the kind of R:R ratio i was taking about.
Risking 60 pips to get 300, that is,1/6.
Opportunities are in the Forex Market every day, this Trading method helps us to find those opportunities and take advantage.
Regards,
Chinto.