(ALMOST) Perfect Swing Trading using Trendlines

[Chakra_Pip]

The last three setups, all long.

The first is a losing trade, the other two are winning trades.

[paul14louie]

Good Day,

Where can i read the whole presentation of this technique. I don’t know exactly where to buy or where to sell…

I hope someone can help thanks…

[RJo]

Good Day,

Where can i read the whole presentation of this technique. I don’t know exactly where to buy or where to sell…

I hope someone can help thanks…

I can’t post links yet, but I found a thread titled: [B]Simple & almost naked. The dream date or the dream system?[/B]. I believe this is the dead link in Post 1 of the present thread. Just cut and paste into the search box (upper right).

[tati101]

@derekwijtenburg

Nice Trend System - see image attached

What are the indicators you are using? Could you post the indicators?

[RJo]

What are the indicators you are using? Could you post the indicators?

Here’s the url, so no one has to use the search box–copy and paste into your browser’s address bar and replace each [dot] with .

forums[dot]babypips[dot]com/free-forex-trading-systems/42750-simple-almost-naked-dream-date-dream-system.html

This thread contains the Swing_ZZ indicator, probably in a zip file. I can’t upload my mq4 file.

Anyway, here’s my take…

The trendlines are drawn manually. Swing_ZZ is merely used to plot trendline points (manually connect the dots and extend the line). Set minBars to 3. [B]Use the 2nd to last dot and the the 3rd to last dot.[/B]. Ignore the last (repainting) dot, and the actual zigzag lines.

[leonlee0116jl]

Wow!! this seems to be a great and simple trading strategy!

[Crazytrading]

@pipcompounder

I know the GPB\NZD isn’t talked about much, mostly because of the high spread, and the fact not every broker has this pair to trade, but after looking at both daily and 4 hour charts, I can’t help but notice how ripe this pair is for swing trading using trendline breakouts. Look at the daily and notice how while recently it has been ranging, before that, it had great swings, with almost too perfect angles, with over 1000, sometimes 2000 pips per swing…very exploitable using trendlinebreaks.
And for the more recent ranging, if you go to a 4 hour chart, you see it still has trends that go great pip distances, 200-400 pips, and almost never breach their trendline, until it’s time for true reversal.
Indeed, when a trend starts, as long as the chart is viewed 4 hour or higher TF, it goes at the same angle everytime, no variance, like all the other pairs…just pull a chart for yourself and see.


I think Demark Trendline indicators would be useful, as long as the settings put the trendline where it should be, otherwise you’ll have to hand draw your own…not too hard…anybody can do and trade this…very newbie friendly.

Pull a 4 hour chart, and draw a trendline over the last downtrend, or under the last uptrend swing…when the price closes past the other side of the trendline, it’s time to open a trade in that breakout direction, and only close it when after it has trended back enough to allow you to draw another trend line, and it breaks that, or if it hits an SL, which I would recommend something like 50-100 pips for this pair, depending on the TF your using. If you practice drawing trendlines on a 4 hour chart of GPB\NZD, you’ll see what appropriate SL to put…just pretend you’re trading the trendlines you drew and then when the price breaks the trendline to reverse, see how far from there the price went negative, if you had opened a position, then use an SL a little more than the greatest distance you find that went, over a reasonable period of trendlines…
If you need help visualizing trendline breakouts, visit Blizzard’s thread, Simple and almost Naked breakout system.

You can get 1:3 to 1:5 risk reward ratios on this strategy rather easily.

This can be automated using SMA crossover of 8, and 17 simple moving averages, on the close on a 4 hour chart…This may result in some losses when this ranges, but ranges are rare

Let’s get our heads together and discuss the viability of this idea…

Hi,

I traded this pair with the following setting, discussed by ForexPhantom, a Senior Member…

Its an EMA Crossover Strategy:

5EMA and 10EMA
RSI - 10, applied to Median Price(HL/2)

However, I have added the following on another chart of the same pair for a better understanding since I am quite new:

Bollinger Bands - 20SMA and Deviation 1
Ichimoku Kinko Hyo - Default Settings
50EMA - when the price is above the 50EMA, I would go long and vice versa…

The results are awesome…

Please comment and dont mind me adding this here… Just adding a few bucks of what I think I might know…

Regards and God Bless

[SystemX]

For shortterm trades the majors are great. Crosspairs work well on longterm views.

[Universe_1]

Hi. I trade GBPJPY trendlines at london open.

Feb 23’ was very good for GBPJPY.

go to gbpjpy:

30m timeframe

+sessions indicator
asian=do nothing
london orange
nyc=yellow.

+50sma

And notice it breaks clean