pauli79 Posted August 4, 2010 Report Share Posted August 4, 2010 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. Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 4, 2010 Report Share Posted August 4, 2010 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. Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 4, 2010 Report Share Posted August 4, 2010 (edited) ...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 Quote Link to comment Share on other sites More sharing options...
rover666 Posted August 4, 2010 Report Share Posted August 4, 2010 http://my.jetscreenshot.com/3988/m_20100804-pl6l-70kb.jpg ready to buy? Quote Link to comment Share on other sites More sharing options...
synergy Posted August 4, 2010 Report Share Posted August 4, 2010 Yup, managed to closed with 30 pips profit. Quote Link to comment Share on other sites More sharing options...
Marchello Posted August 4, 2010 Report Share Posted August 4, 2010 (edited) 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 Quote Link to comment Share on other sites More sharing options...
linkrink Posted August 4, 2010 Report Share Posted August 4, 2010 (edited) 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 Quote Link to comment Share on other sites More sharing options...
chrisbenjy Posted August 4, 2010 Report Share Posted August 4, 2010 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 Quote Link to comment Share on other sites More sharing options...
linkrink Posted August 4, 2010 Report Share Posted August 4, 2010 (edited) 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 Quote Link to comment Share on other sites More sharing options...
Roels Major Posted August 4, 2010 Report Share Posted August 4, 2010 You dont want make it as triangle......???!!! Quote "You Ain't Seen Nothing Yet!". Link to comment Share on other sites More sharing options...
linkrink Posted August 4, 2010 Report Share Posted August 4, 2010 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. Quote Link to comment Share on other sites More sharing options...
linkrink Posted August 4, 2010 Report Share Posted August 4, 2010 (edited) 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 Quote Link to comment Share on other sites More sharing options...
pauli79 Posted August 4, 2010 Report Share Posted August 4, 2010 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. Quote Link to comment Share on other sites More sharing options...
Roels Major Posted August 4, 2010 Report Share Posted August 4, 2010 (edited) 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........... Quote "You Ain't Seen Nothing Yet!". Link to comment Share on other sites More sharing options...
Roels Major Posted August 4, 2010 Report Share Posted August 4, 2010 If someone have the manual to use the Golden Varitey Indies please share............ Quote "You Ain't Seen Nothing Yet!". Link to comment Share on other sites More sharing options...
Roels Major Posted August 4, 2010 Report Share Posted August 4, 2010 For Linkrink...... For me option 3 too......... No Trade Today.......... Quote "You Ain't Seen Nothing Yet!". Link to comment Share on other sites More sharing options...
pauli79 Posted August 4, 2010 Report Share Posted August 4, 2010 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. Quote Link to comment Share on other sites More sharing options...
linkrink Posted August 4, 2010 Report Share Posted August 4, 2010 Yeah... Had the lines been drawn correctly, the false +ves could have been prevented. So, no trade today. Quote Link to comment Share on other sites More sharing options...
kraven Posted August 4, 2010 Report Share Posted August 4, 2010 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. Quote Link to comment Share on other sites More sharing options...
kraven Posted August 4, 2010 Report Share Posted August 4, 2010 Roels whats the box time on the EU charts you've posted Quote Link to comment Share on other sites More sharing options...
Roels Major Posted August 4, 2010 Report Share Posted August 4, 2010 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.... Quote "You Ain't Seen Nothing Yet!". Link to comment Share on other sites More sharing options...
networker000 Posted August 4, 2010 Report Share Posted August 4, 2010 good strategy definition suit me Quote Link to comment Share on other sites More sharing options...
kraven Posted August 4, 2010 Report Share Posted August 4, 2010 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 Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 4, 2010 Report Share Posted August 4, 2010 (edited) 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 Quote Link to comment Share on other sites More sharing options...
linkrink Posted August 4, 2010 Report Share Posted August 4, 2010 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 Quote Link to comment Share on other sites More sharing options...
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