Strategy that could become millionaires

[pauli79]

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.

[Freddie]

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.

[Freddie]

...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 August 4, 2010 by Freddie
Latest

[rover666]

http://my.jetscreenshot.com/3988/m_20100804-pl6l-70kb.jpg

 

ready to buy?

[synergy]

Yup, managed to closed with 30 pips profit.

[Marchello]

My present trade

 

http://www.multiupload.com/BM2T02GB09/

presently + 13 pips and top line is my take profit . I do scale out on my trades and re adjust S/L accordingly

Edited August 4, 2010 by Marchello

[linkrink]

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 August 4, 2010 by linkrink

[chrisbenjy]

My chart looks exactly the same as Linkrink's. By the way, what are you guys using as a stoploss, or to exit trades?

 

Chris

[linkrink]

I am using psychological level stop loss.

 

My chart looks exactly the same as Linkrink's. By the way, what are you guys using as a stoploss, or to exit trades?

 

Chris

Edited August 4, 2010 by linkrink

[Roels Major]

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

[linkrink]

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.

[linkrink]

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 August 4, 2010 by linkrink

[pauli79]

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.

[Roels Major]

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 August 4, 2010 by Roels Major
Add more picture...........

[Roels Major]

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

[Roels Major]

For Linkrink......

For me option 3 too.........

No Trade Today..........

[pauli79]

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.

[linkrink]

Yeah...

Had the lines been drawn correctly, the false +ves could have been prevented.

So, no trade today.

[kraven]

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.

[kraven]

Roels whats the box time on the EU charts you've posted

[Roels Major]

Roels whats the box time on the EU charts you've posted

 

that is not EU chart...but GU on 15 minutes frame.....the time indies is Candle THV Time....

[networker000]

good strategy definition suit me

[kraven]

that is not EU chart...but GU on 15 minutes frame.....the time indies is Candle THV Time....

 

what have you set optichannel time too

[Freddie]

Look where $Y has gone now...

 

Pic following...

 

http://i914.photobucket.com/albums/ac341/freddieforII/Chan03088.jpg

 

those that wait...

 

Freddie

Edited August 4, 2010 by Freddie

[linkrink]

Can we trade a late breakout like this one. This signal appeared at around 11:30 BST

 

http://img691.imageshack.us/img691/4793/40810breakout.png