The finest in trend trading

[kockneerebel]

Hey Guys
just a little reminder. Tymen only asked that we practise loading S/R lines from 4h and daily and drawinig CBL’s. There is no mention of multi time frames or trend lines. CBL’s can be drawn on ANY time frame to give an entry on that time frame and I believe that CBL’s also make drawing trend lines superfluous

[anonymousdave]

So here is one CBL i drew, on the current H4 Cable. Look correct?

[sijeeva]

@unrepipant

Trying to see if I’m getting the timeframe drilldown. This is CABLE. The red lines are S/R I drew on the 4h. The overall trend for daily and weekly is down. I went to the 1hr and drew the blue lines for the shorter term trend then carried them over to the 15M where the 1h and 15m lines were similar. At this point do I start looking for possible action around the 1h and 15m trendline? ie start looking for a CBL entry. Or do I wait for the action around the 4h S/R? Or do I look for both?

This is cable current daily chart >>>

overall its in downtrend, PA is going for an retracement i drew a CBL in the same daily chart (magnified)>>>

My entry is at 1.5217
Let us see whats going to happen ??? hmmm

[Merchantprince]

Dave, that looks right, save for adding in the spread.

So here is one CBL i drew, on the current H4 Cable. Look correct?

[kockneerebel]

So here is one CBL i drew, on the current H4 Cable. Look correct?

Looks ok dave

[sijeeva]

This EurJpy daily chart current My entry is at 126.22

Is my entries correct ?

[kockneerebel]

This EurJpy daily chart current My entry is at 126.22

Is my entries correct ?

Can you explain the reason for your entry ?

[ruilima22]

Looks ok dave

is this right?!?!?

isn´t down, left, down, left,down ?!?!?!

this seems down,left,down

[sijeeva]

Can you explain the reason for your entry ?

I took the [B]lowest candle[/B] i mean the [B]low of the candle[/B] in the [B]downtrend[/B] and drew CBL
Actually i think the entry is late
If i made any mistake pls explain kockneerebel

[kockneerebel]

is this right?!?!?

isn´t down, left, down, left,down ?!?!?!

this seems down,left,down

Hi

Last three candles are all higher highs and higher lows, so down L, Down L and Down. CBL at third lowest low

[kockneerebel]

I took the [B]lowest candle[/B] i mean the [B]low of the candle[/B] in the [B]downtrend[/B] and drew CBL
Actually i think the entry is late
If i made any mistake pls explain kockneerebel

CBL is draw correctly. Entry is usually at touch or breach of CBL, so possibly a late entry. Although you would have had a drawdown at first, S/L is not triggered.
hope that helps

[sijeeva]

CBL is draw correctly. Entry is usually at touch or breach of CBL, so possibly a late entry. Although you would have had a drawdown at first, S/L is not triggered.
hope that helps

U r right kockneerebel my entry is late
Thank u

[kockneerebel]

np , we must all help each other while Tymen is away

[ninety9]

I took the [B]lowest candle[/B] i mean the [B]low of the candle[/B] in the [B]downtrend[/B] and drew CBL
Actually i think the entry is late
If i made any mistake pls explain kockneerebel

Did you go long or short?

In theorie you go long (does not mean you did) and when you look at your chart (daily) you would have entered a few days earlier (March14). At that time would you have gone long or short? Looking at the next candle (green March15) you would be long but after the 16th you would be in trouble till March 29 with probably a margin call.
You picked and chose when to draw the CBL. Therefore hindsight.
Draw the CBL line with the candle now without knowing the direction.
Enter now and see if you got it right.
Of course you will not know until next week or the week after before you know you are right.
All of course if you stick with the daily chart.

[TraderAlan]

I thought this was a very useful and informative thread. 301 Moved Permanently

Thanks. Interesting read, although it’s missing horizontal SR lines.

[kockneerebel]

Did you go long or short?

In theorie you go long (does not mean you did) and when you look at your chart (daily) you would have entered a few days earlier (March14). At that time would you have gone long or short? Looking at the next candle (green March15) you would be long but after the 16th you would be in trouble till March 29 with probably a margin call.
You picked and chose when to draw the CBL. Therefore hindsight.
Draw the CBL line with the candle now without knowing the direction.
Enter now and see if you got it right.
Of course you will not know until next week or the week after before you know you are right.
All of course if you stick with the daily chart.

Hmm, yes you can draw CBL and continue to draw CBL until there is a reversal and entry . But there is no entry at the moment

[ninety9]

Hmm, yes you can draw CBL and continue to draw CBL until there is a reversal and entry . But there is no entry at the moment

He said he entered with 126.22 EurJpy. Gave no reason why.

[ninety9]

His post 1363 but did not gave direction, or any other explanation.

[sijeeva]

Did you go long or short?

In theorie you go long (does not mean you did) and when you look at your chart (daily) you would have entered a few days earlier (March14). At that time would you have gone long or short? Looking at the next candle (green March15) you would be long but after the 16th you would be in trouble till March 29 with probably a margin call.
You picked and chose when to draw the CBL. Therefore hindsight.
Draw the CBL line with the candle now without knowing the direction.
Enter now and see if you got it right.
Of course you will not know until next week or the week after before you know you are right.
All of course if you stick with the daily chart.

My understanding is CBL is for confirmation of retracement and for entry

we are looking for the retracement and to spot it in early stage

long entry - gu,ej (today i have entered)

[kockneerebel]

My understanding is CBL is for confirmation of retracement and for entry

we are looking for the retracement and to spot it in early stage

long entry - gu,ej (today i have entered)

If you have entered today, please post your charts and reasons