Forex



Go Back   Forex Trading > Downloads > Manual trading systems
Forex Forum Register More recent Blogs Calendar Advertising Others Help






Register
Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.

From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.

Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
  • Elite Section
    Get access to private discussions, specialized support, indicators and trading systems reported every week.
  • Advanced Elite Section
    For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
See more

Reply
 
Thread Tools Display Modes
  #11 (permalink)  
Old 11-23-2008, 04:50 AM
Senior Member
 
Join Date: May 2008
Posts: 568
mphpopular is on a distinguished road
Plz note that, this approach not trade on BREAKOUT.

But is BREAKOUT + RETEST.

Bcoz we oftenly dunno whether the TL is a correct one or not. So, if it get broken, and retest-ed. So now we are sure the TL is drawn correctly, and here we go for trade.

And thanks for the support.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #12 (permalink)  
Old 11-23-2008, 04:55 AM
Senior Member
 
Join Date: May 2008
Posts: 568
mphpopular is on a distinguished road
THis is the one I have miss out due to waiting the broken TL to get retest-ed
Attached Images
File Type: gif 1.gif (20.0 KB, 2048 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #13 (permalink)  
Old 11-23-2008, 05:06 AM
Senior Member
 
Join Date: May 2008
Posts: 568
mphpopular is on a distinguished road
Waiting now.
Attached Images
File Type: gif AUDUSD 22nOV08 h4.gif (25.7 KB, 2050 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #14 (permalink)  
Old 11-23-2008, 06:11 AM
Senior Member
 
Join Date: May 2008
Posts: 568
mphpopular is on a distinguished road
EJ TL broken. So I wait for retest, Obviously, that is not a retest and it goes beyond the TL. Means the TL is invalid in my point of view.
Attached Images
File Type: gif 3.gif (20.2 KB, 2017 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #15 (permalink)  
Old 11-24-2008, 08:23 AM
Senior Member
 
Join Date: May 2008
Posts: 568
mphpopular is on a distinguished road
Here is another one FROM EU m15.

In the same time when EU broken, GU also break the TL.

I didn't trade the GU breakout due to 2 reason:
1) Both having similiar action of USD, so I dont wish to expose too much of risk onto same action.
2) GU did breakout but didn't retest the TL.
Attached Images
File Type: gif trade 92.gif (21.3 KB, 1975 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #16 (permalink)  
Old 11-24-2008, 09:17 AM
fx823's Avatar
Member
 
Join Date: Oct 2007
Posts: 42
fx823 is on a distinguished road
Divergence

Hi mphpopular.
Thanks for good analysis with trendlines.
Attached Images
File Type: gif 1.gif (17.5 KB, 1959 views)
File Type: gif 2.gif (19.1 KB, 1967 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #17 (permalink)  
Old 11-24-2008, 09:37 AM
Senior Member
 
Join Date: May 2008
Posts: 568
mphpopular is on a distinguished road
Keep up the post.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #18 (permalink)  
Old 11-25-2008, 12:04 PM
Senior Member
 
Join Date: May 2008
Posts: 568
mphpopular is on a distinguished road
NZDUSD H4

I believe for the next H4 candle. The market wont move up too much. So for the next 4h, we have chance to find very good entry to LONG.

I didn't take this trade ON, bcoz I currently having 2 trades running in my ACC. I didn't want to cause my ACC highly expose to risk.

So, trade at your own risk.
Attached Images
File Type: gif NZDUSD 25Nov08 H4.gif (21.9 KB, 1908 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #19 (permalink)  
Old 11-25-2008, 02:20 PM
Senior Member
 
Join Date: May 2008
Posts: 568
mphpopular is on a distinguished road
A good call. LOL Wish some one won pips from that chart.
Attached Images
File Type: gif 3.gif (18.3 KB, 1888 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #20 (permalink)  
Old 11-26-2008, 01:52 PM
Junior Member
 
Join Date: Nov 2005
Posts: 2
sumatra is on a distinguished road
NZDUSD quickly whiplashed on that.
I love retests too, and I also think that trendline break alone does not mean anything in particular.
HOWEVER
Not every trendline is equally important and you have to assess the situation in bigger context
For example, i would trade upward trendline break that has been touched 4 times while currency is in downward channel.
Trendline breaks when there is severe MACD divergence can also mean a lot.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
Reply

Bookmarks

Tags
breakout, break out


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
GBP/JPY breakout rapidfx Suggestions for Trading Systems 15 08-29-2009 12:34 PM
Is there a configurable Breakout EA? stubish Expert Advisors - Metatrader 4 0 10-02-2008 01:25 PM
Breakout EA Required fxwealth Metatrader 4 5 05-21-2007 03:28 PM
Breakout Ea MT3----> MT4 Kirsty_FX Expert Advisors - Metatrader 4 6 05-03-2006 05:11 PM


All times are GMT. The time now is 01:23 PM.



Search Engine Friendly URLs by vBSEO 3.2.0 ©2008, Crawlability, Inc.