Jump to content

Strategy that could become millionaires


Recommended Posts

  • Replies 296
  • Created
  • Last Reply

Top Posters In This Topic

Hey Freddie you are up early too....lol.

Theres major support at around 135800 ish so I wouldnt be surprised to see it go long for a while here.

Im still not sure of the BO time..Im so bloody confused.

 

I am in Bulgaria, we are two hours in front of you so only 0836 here.

 

Don't think that it matters what time the breakout is. It isn't magic so I just think...draw a line!

 

It maybe that we have to take into account BOJ...it is the £Y... maybe we need to account for the Asian session.

Link to comment
Share on other sites

...and the 0600 is off...

...two closes above...

 

picture coming...here 'tis

 

http://i914.photobucket.com/albums/ac341/freddieforII/Chan04083.jpg

 

OOooo! in my excitement I didn't wait for the second bar to close. Mind, I would work in 5min chart if I were doing this for real!!!

Edited by Freddie
Latest
Link to comment
Share on other sites

My setup for today's trade

 

http://img17.imageshack.us/img17/936/40810.png

 

for those who want to see line chart

 

http://img821.imageshack.us/img821/7816/40810linechart.png

 

Update: after 15 mins, price bounced off support level

 

http://img208.imageshack.us/img208/8494/40810support.png

Edited by linkrink
Link to comment
Share on other sites

You dont want make it as triangle......???!!!

 

Even I read so in the manual, that the lines should be parallel to each other. But it seems quite difficult sometimes to draw a parallel trendline when you do have lower lows in opposite direction, which resulted in a triangle.

 

As we are still learning and trying to adapt to this system, we may have to resolve lots of issues/confussions.

Link to comment
Share on other sites

Please help me to identify the correct option to draw a trendline here

 

Option 1.

http://img821.imageshack.us/img821/7816/40810linechart.png

 

Option 2:

http://img408.imageshack.us/img408/9421/40810line1.png

 

Option 3:

http://img192.imageshack.us/img192/9389/40810line2.png

 

Note: I have tried to keep the lower trendline parallel to the one above.

Edited by linkrink
Link to comment
Share on other sites

Please help me to identify the correct option to draw a trendline here

 

Option 1.

http://img821.imageshack.us/img821/7816/40810linechart.png

 

Option 2:

http://img408.imageshack.us/img408/9421/40810line1.png

 

Option 3:

http://img192.imageshack.us/img192/9389/40810line2.png

 

Note: I have tried to keep the lower trendline parallel to the one above.

 

Hi Linkrink.Ive just got back in and seen your post.For me option 3 is the way to draw trend lines taking in top and bottom max and min.Dont forget to change to candles after 8 am and wait for the break outside of the lines.

Link to comment
Share on other sites

Gbp-Usd

Is it that way?

 

http://i600.photobucket.com/albums/tt90/RoelsMajor/2Agustus2010.jpg

 

http://i600.photobucket.com/albums/tt90/RoelsMajor/3Agustus2010.jpg

 

http://i600.photobucket.com/albums/tt90/RoelsMajor/4Agustus2010.jpg

Edited by Roels Major
Add more picture...........
"You Ain't Seen Nothing Yet!".
Link to comment
Share on other sites

If someone have the manual to use the Golden Varitey Indies please share............

 

I wouldnt bother using the indi apparently it repaints anyway.Just use the original system and look for obvious S and R levels that may help or impede the trade once you get a signal and it should be ok.

Link to comment
Share on other sites

if there no apparent trend line don't draw one.

linkrink the top trend lines fine. you have 2 points inside your box to connect. the bottom isn't on any. if anyone your top one's correct but you have a triangle, so just draw a straight support line across the lowest point in box.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




×
×
  • Create New...