Trendline Scalping System | Page 95 | Forex Factory

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Trendline Scalping System

Maybe valid setup?
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Maybe valid setup? {image}

I'd suggest sticking to active pairs trading in their timezone, unless the markets are really moving.
{quote} Sorry, same as V2: always purple
I am sorry. I have been busy in too many projects. Now I am back into this one.

I see the error and it is corrected.

Function:
If there is a setup, the background will get the SignalColour.
If you pocess the instrument, the background will have the Long- or ShortColour.
If you do not pocess the instrument and there is no setup, then the background will have the NormalColour.
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File Type: ex4 RF_TMTalert_V4.ex4   12 KB | 42 downloads
MetaTrader 4 - so many advantages.
Better today...
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See u later
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See u later {image}
Worth noting thread originator sWilliam takes trades instantly on trendline break and doesn抰 wait for bar completion. Given range of a 5 min bar on dollar yen this can see a few green pips of momentum. Just an observation, and no right or wrong way, just the goal of profit
took a short
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Trade what you see, not what you think
took a short {image}
took +12 pips
Trade what you see, not what you think
EU Today...
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EU Today... {image}
I think your chances of success will increase if you hunt trades that happens in a trending instrument. That is what we call a bounce.
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MetaTrader 4 - so many advantages.
Aud/Usd 5Min, 3 losses, SL 10 pip each, I do consider the 1st trade a mistake, kinda...

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aud/usd 2 losses
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aud/usd 2 losses {image}
First trade is bad luck.

Second trade your RSI and MFI just barely show a signal. I would not take that. Also the MA lines are close signalling undecission. I like taking the bounces where there is distance between the MA lines. See my blue lines.
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MetaTrader 4 - so many advantages.
{quote} First trade is bad luck. Second trade your RSI and MFI just barely show a signal. I would not take that. Also the MA lines are close signalling undecission. I like taking the bounces where there is distance between the MA lines. See my blue lines. {image}
Thanks for the feedback. I will keep adjusting.
aud/usd 2 losses {image}
Suggest maybe look for wedges. Wedges and triangles can look quite abstract ( different fractals ) but you will get the feel for them. They build tension ( distribution) and release. Go back through your charts and study them. One pattern is all you need to know inside out for continuation.
PS: it抯 easy finding them in trade history, it抯 finding them on the hard right edge that pays the bills.
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{quote} Suggest maybe look for wedges. Wedges and triangles can look quite abstract ( different fractals ) but you will get the feel for them. They build tension ( distribution) and release. Go back through your charts and study them. One pattern is all you need to know inside out for continuation. PS: it’s easy finding them in trade history, it’s finding them on the hard right edge that pays the bills. {image}
Thank you for the feedback.

Here a some trades for today

Eur/Usd Loss, vertical blue line is the daily open so I can see the direction.

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Aud/Usd Loss

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{quote} Thank you for the feedback. Here a some trades for today Eur/Usd Loss, vertical blue line is the daily open so I can see the direction. {image} Aud/Usd Loss {image}
I checked the aud/usd trade, looks like you sold at a level that got rejected before. ( that happened to me many times )
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Trade what you see, not what you think
{quote} Thank you for the feedback. Here a some trades for today Eur/Usd Loss, vertical blue line is the daily open so I can see the direction. {image} Aud/Usd Loss {image}
EURUSD trade. Signal is ok, but you enter a trade directly on the daily open line. That is a very uncertain area. Also I find the bars on that pair jumping up and down on the MA's. That is not a clear trend. You find an area within all that noise where you see a trend, but in general that pair is some noisy nothing.

AUDUSD - you have such a long nice trend where bars follow the MA's in a perfect manner. Plenty of signals that would have given profit. And then you trade right at the point where the trend is over. OK, that is bad luck, if you could not be there at the best time. BUT, take a look at your trade. The signal bar is a LONG bar. You cannot take a short position on behalf of a LONG bar. Or did you trade at the bar before?? That was a little tiny indicission bar that does not proof a continuation of the trend. So whatever bar you traded, you had no signal bar at all, no trade possible.
MetaTrader 4 - so many advantages.
{quote} Thank you for the feedback. Here a some trades for today Eur/Usd Loss, vertical blue line is the daily open so I can see the direction. {image} Aud/Usd Loss {image}
EURUSD trade. Signal is ok, but you enter a trade directly on the daily open line. That is a very uncertain area. Also I find the bars jumping up and down on the MA's. That is not a clear trend. You find an area within all that noise where you see a trend, but in general that pair is some noisy nothing.

AUDUSD - you have such a long nice trend where bars follow the MA's in a perfect manner. Plenty of signals that would have given profit. And then you trade right at the point where the trend is over. OK, that is bad luck, if you could not be there at the best time. BUT, take a look at your trade. The signal bar is a LONG bar. You cannot take a short position on behalf of a LONG bar. Or did you trade at the bar before?? That was a little tiny indicission bar that does not proof a continuation of the trend. So whatever bar you traded, you had no signal bar at all, no trade possible.

Lesson: Patience is important. Wait for the right setup.
MetaTrader 4 - so many advantages.
{quote} Suggest maybe look for wedges. Wedges and triangles can look quite abstract ( different fractals ) but you will get the feel for them. They build tension ( distribution) and release. Go back through your charts and study them. One pattern is all you need to know inside out for continuation. PS: it抯 easy finding them in trade history, it抯 finding them on the hard right edge that pays the bills. {image}
What I see with AD. Wedges with Head and shoulders bottom at 3 red arrows.

With Euro i only see some possible longs but those entries would be against the trend of the daily.

Once again, I'm posting up with benefit of hindsight but these are the clues you could seek to add confirmation to your trades. Individual candles and wicks add weight as well.
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