Trendline Break (The Only System You Need)

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تعارف
After many PM's, اي ميلون, & any other possible ways of contact by what seems like the entire FF family; I've decided to share my simple trading system/strategy with you. For those who don't know me, my name is Josef (pronounced: Joseph) and I have been trading fx for over two years. I frequent the Eur/Usd thread as I only trade Eur/Usd. I chose to trade E/U because of the viable; business nature of the pair.

Trendline Break (The Only System You Need) 1


The Problem
Different strokes for different folks. While we all hold various skills and tools, we all are tackling the same problem. بدقسمتي سان, one person's method may not help another. Oscillator Indications. For the most part I have a huge problem with putting them to practice on a live account. The reasons are of course, obvious. جيتوڻيڪ, I would never tell a person their system and/or indicator doesn't work. It's just that, Oscillator Indicators has never worked for me.

The Solution
قيمت ايڪشن. As some of us cringe at those two, little words, I totallty understand. I too, was one that didn't believe in Pure Price Action trading. After putting Price Action up to test, I found I understood the market better. I understood the why, ڪيئن, and when of Price Action. What I've found is that a trader only needs Candlestick Patterns, Trendlines, and maybe Pivot Points.

**** Revised **** Trendline Break System نسخو 2.0
Visit پوسٽ #63 to view the revised strategy
http://www.forexfactory.com/showpost...7&postcount=63

Get a compiled version of Heikin Ashi
Visit پوسٽ #65 to download
http://www.forexfactory.com/showpost...5&postcount=65

اوسر
If there ever was an easier; modular system, this one is the one. The basic idea of trendlines comprises of many variables that must be taken in consideration when in use, جيئن ته, Trend Angle, رفتار, & وقت. I'll let you in on a little secret on trading: its not as "random" as most would want you to belive. The market tends to trend either way and patterns occur more often than you think. I would invite you to study up on Market Movements and Patterns, Candlestick Reveral Patterns, and Trendline Uses. The Trendline Break system contains three individual variation; all based on personal preferences. One will be discussed in this thread. The other two will be discussed in a later date. One of the major problems with trading trendlines is that most traders do not know how to properly set and use them. Here is some readings on how to properly apply trendlines.
http://www.investopedia.com/articles...trendlines.asp
http://stockcharts.com/education/Cha...rendlines.html
http://www.incrediblecharts.com/tech...trendlines.php
A very good skill to hold is being able to read Candlestick Reversal Patterns. Here are some readings on how to properly read and react to candlestick reversal patterns,
http://stockcharts.com/school/doku.p...stick_bullish_
http://www.babypips.com/school/reversal_patterns.html
http://www.incrediblecharts.com/tech...ndlesticks.php

Tools of the Trade
1) Trendlines
2) Candlestick Reversals Patterns
3) ڪنهن به وقت جي فريم

واپاري حڪمت عملي. As Simple as One, Two & Three
1) Find the upwards trend,
2) Apply the trendline,
3) Price Action breaks downwards through the trendline
Our first step is to locate a strong upwards trend. Apply a trendline to help visually spot out that trend and to use as an "barrier" for Price Action. Now we wait for Price Action to breakthrough the trendline and head downwards, in which a SELL order may now be entered. The chart below is an example of a trade setup we are looking for.

 

جڙيل تصوير (وڌائڻ لاءِ ڪلڪ ڪريو)
Trendline Break (The Only System You Need) 2


نڪرڻ جا ضابطا
Now that we have an live SELL order open and locked in some green pips, our next focus should be to plan for an exit. Based on our knowledge of Candlestick Reversal Patterns, we will not only use this for entries, but for exits as well. To exit an open position, the trader must recognize candlestick reversal patterns and exit that trade accordingly.

Trade Notes
* جيتوڻيڪ, this system uses SELL orders only, technically you could appy this strategy to BUY order as well. SELL orders were chosen because of their quick; predictable nature of movement. At best, it's always best to practice trading one direction as opposed to two.
* Market volatility. This system may become useless under low volatile market conditions. Please take note of slow and/or erratic market movements as these conditions have the ability to produce incorrect trading signals.
* Limit Losses. As with any trading system, a trader must use discretion in limiting ones trading risks and losses.

ياد رکو, the basic idea of this system is to keep it simple and focused by limiting equity exposure and offer a very focused trading strategy. This system includes an entry, نڪرڻ, and simple price action tools; all that is needed for a trader to be profitable. Stay focused and always stick to the plan.

مثال
A example of a trade setup on a 1 Hour timeframe.

 

جڙيل تصوير (وڌائڻ لاءِ ڪلڪ ڪريو)
Trendline Break (The Only System You Need) 3

 

Example of trade setups on 4 Hour timeframe

 

جڙيل تصوير (وڌائڻ لاءِ ڪلڪ ڪريو)
Trendline Break (The Only System You Need) 4
منسلڪ فائل
File Type: mq4 Heiken Ashi.mq4 4 KB | 76 ڊائون لوڊ
File Type: mq4 Pivots Daily.mq4 15 KB | 415 ڊائون لوڊ
File Type: mq4 Ind-WSO+WRO+Trend Line.mq4 5 KB | 1,547 ڊائون لوڊ
File Type: mq4 TL DOWN - BO alert - AP - V3.mq4 5 KB | 876 ڊائون لوڊ
File Type: mq4 TL UP - BO alert - AP - V3.mq4 5 KB | 837 ڊائون لوڊ

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ليکڪ: فاریکس وڪي ٽيم
اسان انتهائي تجربيڪار فاریکس واپارين جي ٽيم آهيون [2000-2023] جيڪي اسان جي پنهنجي شرطن تي زندگي گذارڻ لاءِ وقف آهن. اسان جو بنيادي مقصد مالي آزادي ۽ آزادي حاصل ڪرڻ آهي, ۽ اسان خود تعليم حاصل ڪئي آهي ۽ فاریکس مارڪيٽ ۾ وسيع تجربو حاصل ڪيو آهي جيئن اسان جو مطلب هڪ خودمختاري واري زندگي گذارڻ جي لاءِ آهي..