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    Results 11 to 20 of 69

    Thread: My great strategy to trade with trends on all pairs

    1. #11
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      Talking setting my entries

      Here is how I set my
      entries,
      looking at the
      chart, we are in a down
      trend so I am looking to
      short this pair, You can see
      it has broken the retracement line, price is
      bouncing off a round
      number, I am near the MA
      lines, and then it breaks
      below the retracement line,
      I wait for the pullback, and when it continues on down
      below where the pullback
      started I place my entry, I
      placed my stop above the
      pullback high, if you do not
      wait for the pull back and place the entry as soon as
      it breaks the retracement
      line, well the retracement
      may never stop and that
      could really be a bad
      scenario so always wait fot the pullback. This example
      took a little while to get
      going but you can see it
      clearly did. And did not
      come close to the stop...
      Attached Images  


    2. #12
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      Default

      Always make sure to check
      the longer term charts as
      well to make sure there is
      no longer term conflicting
      signals, S/R levels on
      longer time frames will affect the smaller trends if
      that is what you are
      trading. And remember
      if a winning trade begins to
      show weakness, pull the
      profits off the table, and reload the gun later when
      the next opportunity arises,
      never let a winning trade
      turn into a losing a trade.
      More charts an examples to
      come....


    3. #13
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      Default

      Quote Originally Posted by ezzo4x View Post
      Here is how I set my
      entries,
      looking at the
      chart, we are in a down
      trend so I am looking to
      short this pair, You can see
      it has broken the retracement line, price is
      bouncing off a round
      number, I am near the MA
      lines, and then it breaks
      below the retracement line,
      I wait for the pullback, and when it continues on down
      below where the pullback
      started I place my entry, I
      placed my stop above the
      pullback high, if you do not
      wait for the pull back and place the entry as soon as
      it breaks the retracement
      line, well the retracement
      may never stop and that
      could really be a bad
      scenario so always wait fot the pullback. This example
      took a little while to get
      going but you can see it
      clearly did. And did not
      come close to the stop...
      wow, that`s really interesting bro.
      i thinki`ll try that kind of strategy using demo first.
      thank you.


    4. #14
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      Post example

      One of the pairs I am
      keeoing an eye on is
      USDJPY right now, I am
      waiting for a retracement
      back to the Pink line which
      is a previous swing low, and on a round number, the MA
      lines should be caught up by
      then, there is also the FIBO
      range there, I do not look
      for a specific fibo number I
      look fo a range between 38.2 and 61.8, I do not use
      the 23 fibo I feel the
      retracement was not deep
      enough at that level, and
      beyond and if the backs up
      to the 76% level I feel that is too deep. So I look for a
      range or a window. Then I
      look for the other
      confluences to come
      together in the same area,
      so this is one pair I am watching and waiting for
      some possible short
      oppotunities.
      Attached Images  


    5. #15
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      I am also watching the E/U
      pair this is the 4 hour
      chart, which will be my
      trigger chart based off of
      the daily chart, you can see
      the retracement line I have drawin up, the bounce was
      where I was looking for it,
      so now I am waiting
      confirmation that the
      uptrend is going to continue
      and then plan my entry.
      Attached Images  


    6. #16
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      My SL and TP I try to
      maintain at least 3 to 1,
      that is why looking at the
      long term charts has a lot
      of bearing on my entries. I
      set 2 targets, when the first target gets hit, I close
      half the position and move
      my stop to BE and then
      from there I intratade
      manage the rest of the
      trade.


    7. #17
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      Here are the settings of the grid indicator : Hgridweeks = 10
      Hgridpips = 50
      Hline = Dim Grey
      HLine2 = none
      Grid time = 50
      Time Grid = 0 Color Hour = 1
      Time Line = none
      Time line 2 = non


    8. #18
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      Quote Originally Posted by hafudo View Post
      wow, that`s really interesting bro.
      i thinki`ll try that kind of strategy using demo first.
      thank you.
      welcome dear , you can also try this indicator that estimate the trend and the break of it very well by a DEMARK way very well , it'll help u , you can follow this link and download it from attachments . www.forum.mt5.com/showthread.php?p=88358 ,Don't mind if you have any questions . Good Luck..


    9. #19
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      Quote Originally Posted by ezzo4x View Post
      welcome dear , you can also try this indicator that estimate the trend and the break of it very well by a DEMARK way very well , it'll help u , you can follow this link and download it from attachments . www.forum.mt5.com/showthread.php?p=88358 ,Don't mind if you have any questions . Good Luck..
      Very intresting startegy, I will update that indiactor and follow that, Its good for the new people if you give updates and entry points on this startegy on some pairs on monday


    10. #20
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      Ok here is a recap of the
      entry position:
      1) Spot a vali d trend as per the rules. 2) Find the level of strongest Confluence support/resistance where a
      new swing may spring from. 3) Wait for a retrace to that level. 4) Zoom into shorter time frames. 5) Read what price does at that decision-taking level : Does it breach through?
      Does it enter a period of
      consolidatio n? Does it
      bounce off it? 6) Recognize any possible reversal formation.
      7) Wait for price to confirm that reversal formation/
      breakout, don't anticipate
      the move. 8) Has the ret racement trendline being broken yet? It's always a big plus! 9) Elaborate your Trade Plan : stoploss, targets, possible news
      announcements, reasonable
      time scope for the trade,
      etc. 10) As the reversal formation is confirmed, enter the market.


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