Target reached.
Just another live example of how this simple strategy can make you pips each day. It did for me!
Just another live example of how this simple strategy can make you pips each day. It did for me!
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DislikedTarget reached.
Just another live example of how this simple strategy can make you pips each day. It did for me!Ignored
DislikedA very good thread
Also I use the break of trendline for signals, but I use the closes to draw the TLs.
And I use also the CCI 34 with EMA a 13.
For orrizontal support & resistance I use the retracements of the yesterday's daycandle ( the indicator StudFibo found on this forum ).Ignored
Disliked*** Revised *** Trendline Break System version 2.0
Overview
The revised Trendline Break System will utilize the Heikin Ashi Candlesticks; as opposed to the traditional Japanese Candlesticks.
Ignored
DislikedYou are no longer trading trendline breaks. You are no longer trading price action. HA is only a simple indicator and hides the real price action. If you want the HA direction and turns, all you need is a weighted 5 simple moving average and it will change direction exactly the same time HA does. This new technique is unproven, If what you were doing was working why on earth would you swap it for this?Ignored
DislikedYou are no longer trading trendline breaks. You are no longer trading price action. HA is only a simple indicator and hides the real price action. If you want the HA direction and turns, all you need is a weighted 5 simple moving average and it will change direction exactly the same time HA does. This new technique is unproven, If what you were doing was working why on earth would you swap it for this?Ignored
DislikedMac,
Thanks for link to J16 for a very good reminder. Keeping things simple is easier on the eyes.
Implementing a trendline method with what is basic to what the big players look at can only enhance a positive out come.
No gaurantees, right, just a positive chance.
Tight SL appropiate for the TF traded and let your winners have a chance to run.
Good thread Jhig. I, also, like the 5m TF as well.
CliffIgnored
DislikedBump. Anyone using this on the m5 timeframe with success? Is it best to watch just one pair or multiple pairs for opportunitys?
Any recent charts would be great.Ignored
DislikedJhig,
Simple is fine. Only thing I don't like about regular trendlines is they're not precise or warranted. Draw a trendline attached at top or base of candles tied into a significant event (news, a really big or tiny move, etc.), and you no longer have to deal with their freehand nature.Ignored
DislikedA very good thread
Also I use the break of trendline for signals, but I use the closes to draw the TLs.
And I use also the CCI 34 with EMA a 13.
For orrizontal support & resistance I use the retracements of the yesterday's daycandle ( the indicator StudFibo found on this forum ).Ignored