Trend Lines and Analysis
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Thread: Trend Lines and Analysis

  1. #1
    In this diary I expect to have the ability to record my trades once I can for the easy fact of being able review my background. I've called this Trend lines and Analysis because I mainly deal with TL BO's. I have a scope of trading egies nevertheless and wont restrict myself to only one type of analysis.

    I exchange mostly in the hourly charts but split it down into the 5m as well as 1m once I spot a possible trade. I am searching for 20 pip BO's risking roughly 5-10 pips at one time. Based upon the BO I can increase my TP if I see possible further movement but that has got me in trouble in the past and it's part of my egy that I'm looking to analyse here. I watch all majors and a few of these minors but importantly I try to stay away from highly volatile pairs eg GJ unless I can justify a very low risk trade. I've found the best time to exchange is the Asian session however often stare in the charts for a lot more hours.

    I haven't any particular rules about drawing my TL's except to say that I am searching for in which the price action stops most commonly if that be the back or body of the candle. In drawing on the TL's, often a pattern becomes apparent that's a big part of my egy. Frequent patterns I use are the Wedge, Flag, Cup Handle, Head Shoulder, etc..

    To detect trade setups I also use the Trading Made Simple template ( https://www.forexforum.co.za/cryptoc...behaviour.html ) on hourly charts. I am trying to find specific setups using the TDI cross over that's not over bought/sold from the path to exchange and that is not running in to S/R zones. I will provide an example after. When I identify a TMS commerce set up I'll go to my typical charts and look for a potential low risk trade.

    I am trying to find consistency in my method because I'm trying for elevated risk (leveraged) gains. Each transaction I'm risking roughly 10% of the current balance. I exchanged consistently for around 10 weeks in the end of last year however, the first 6 weeks I was gaining then dropping. I finally figured it was the exceptionally volatile pairs that were getting me into trouble (GJ, Gold etc) and after I realised that this my account grew 1400%. However leading up to the Christmas break I started taking losses so stopped trading believing it was only the market. I've started trading again this week but am still dismally taking losses. I'm beginning to think that part of the egy that I was employing during my success is being left out. Perhaps I was using more significance or perhaps I'm trading the st charts a lot of atm or perhaps it's only a challenging time to exchange being the new year and the NFP week (I've always fought on this week of the month).

    Anyhows, I'll be posting my charts when I can but likely wont give a lot of appreciation in my posts due to time problems unless it's needed. They ought to be fairly self explanatory. If anyone happens across any of my posts please feel free to ask questions or remark. If people wish to post their particular TL's on any currency it's always welcome- I often have the exact same TL on a couple of the very same charts but is somewhat different in contrast. All angles are good.




    Edit (19.2.15)I have started using Harmonics and much more comprehension of Order Flow with my own trading.



    Edit (22/9/2015): I'm using larger pip R:R, with 2:1 R:R for this particular egy: https://www.forexforum.co.za/cryptoc...t-retrace.html Starting out:https://www.forexforum.co.za/general...oons-pics.html

  2. #2
    I will post my TE trades here only for the testing of new part of my egy.

    I've added the next commerce and the adjusted levels are displayed.

    TE #1

    Edit: just noticed the pic did not upload correctly (little icon), only uploaded again.

  3. #3
    Break down on standard chart. A HS installation is there.

  4. #4
    Seeking reduced risk entry on 5m.... USD ADP news release coming along with other high impact news, likely wont input.

  5. #5

  6. #6
    Would have hit TP but I jumped out 10 seconds before release with 11. The ADP was confident as I suspected it may be due to the TA but I'm not a gambling man.

  7. #7

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  9. #9
    Moved stop to BE because of break in decreasing TL.

  10. #10
    Out 1.2. I do not always go to BE but AU is approaching lt LL's so there is possibility of a spike upward.

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