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Special Trend Lines for 50 pips a day from London open

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  • Special Trend Lines for 50 pips a day from London open

    HI,

    I am going to share with you all a little secret fro trading the trend line break on the 15 min time frame fro 50 pips from London open

    This system has produced 6 winners in a row from last Friday

    the set up is easy to do once you get the hang of it ,

    what you need to do is find the last candle in an up move or down move then get a trend line and place it on it , drag the trend line 10 candles into the future and make the trend line horizontal ,

    if the next candle closes higher or lower just move the trend line up or down with the market ,

    next you want to count back a maximum of 14 candles to connect the end of the horizontal line to the trend line slope and connect it to the high or low

    I will show you an example of todays trade for 50 pips

    Stop loss is only if the price closes past the horizontal line

  • #2
    Here is yesterdays trade for 50 pips

    its either 50 pips or close at London close

    hit target

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    • #3
      Wednesdays trade

      it works

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      • #4
        Originally posted by jamesagnew717 View Post
        HI,

        I am going to share with you all a little secret fro trading the trend line break on the 15 min time frame fro 50 pips from London open

        This system has produced 6 winners in a row from last Friday

        the set up is easy to do once you get the hang of it ,

        what you need to do is find the last candle in an up move or down move then get a trend line and place it on it , drag the trend line 10 candles into the future and make the trend line horizontal ,

        if the next candle closes higher or lower just move the trend line up or down with the market ,

        next you want to count back a maximum of 14 candles to connect the end of the horizontal line to the trend line slope and connect it to the high or low

        I will show you an example of todays trade for 50 pips

        Stop loss is only if the price closes past the horizontal line
        So does the last candle of the movement have to occur after the london open?
        And are you counting the 14 candles from where you have the tenth candle?

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        • #5
          Originally posted by grugged View Post

          So does the last candle of the movement have to occur after the london open?
          And are you counting the 14 candles from where you have the tenth candle?
          No,

          its from the open

          so you take the nearest lowest or highest candle from the open and plot the trend line on it , you count back a maximum of 14 candles for the highest high or low



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          • #6
            Thank you for sharing the strategy, but I am confused with the way you have used the words horizontal line and trend line slope.

            You said "
            drag the trend line 10 candles into the future and make the trend line horizontal ,
            ". Why are we making trend line "horizontal" ?


            Also please correct my understanding :
            By the time you draw trend line the London open candle and the next candle would have already decided if the trendline is broken ? and
            it seems you are not waiting for trendline to be broken ?

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            • #7
              this strategy the same as abhirag killer strategy in FF.

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