exactly, it is solely used as a buy sell line, below we only sell, above we only buy, it keeps us on the right side of the market.

Buy sell line trading

Hi Pipsnator, The range is measured from High to Low, so if we had a 100 pip bullish candle it would need to close 75 pips or higher up its range. We are looking for a strong close back into the direction of a trend after a pullback..

Buy sell line trading

GU SHORT H1 Took this during asia, not something I would normally bother with but did obey the rules. Was concerned with that s/r level and the lack of action on GU during asian session. Was a high risk trade. Stops at break even now

Buy sell line trading

You're right it does do that, but it will also keep you consistent, 2 steps forward, 1 step back...

Buy sell line trading

Damn!!! you're right, i always always forget to put that bit in!!! thanks Billbss i will edit that

Buy sell line trading

SIGNAL 2 Ok, I said I had 2 signals/set ups I use with the buy sell line, so here is the second, with rules and an example 1. below the 50sma only short, above the 50 sma only long 2. the signal candle must close in the bottom 25% of its range for ...

Buy sell line trading

Cheers piprage and feel free to add any wisdom... and you are 100% simple can be effective, dont mess with it, dont complicate and add to it... I do find it strange that outside bars get so little attention, you can find people trading inside bars ...

Buy sell line trading

Hi Dan you are right on both counts.... I have a secondary entry type and this is an example of it... I dont want to clog up DW's thread though so pm me or keep an eye n my own thread and i will explain it there. Seems like a solid s/r price action ...

Price Action and Trading Discussion

absolutely, being able to spot a trend likewise, shorting the yen pairs the last 3 weeks would of been a whole lot harder than longing them..

Buy sell line trading

Same scenario with AJ and AU.... Its fairly easy to stack the odds in your favour by picking the right pairs.

Buy sell line trading

Here are GJ and GU current H4 charts, ask yourself which one has been best to trade and why, remember we are trend traders...

Buy sell line trading

I have no idea which is more reliable... I trade H4 because it suits me, I like to let the trades do their thing without having to be there all the time. I would suggest picking a TF that you prefer and just trade that... Remember we are trying to ...

Buy sell line trading

Just trade the chart you're on, its not multi tf...

Buy sell line trading

I have EA's for this, you will do much better trading it manually. These are edges, how you trade it will be vital to your result.

Buy sell line trading

H4 I think one or two were H1... I tend to stay on H4 but around London open time you can get some very nice H1's, I generally find H4 to be more consistent.

Buy sell line trading

knew I should of changed my name...hahaha.. cheers Bradu

Buy sell line trading

Cheers Bluesteele, yeah I know many will try and throw stuff at it, less is more in my books, the only thing I ever add is some simple analysis, if a pair is chopping over and above the 50 sma all the time then its going to be more risky, on H4 ...

Buy sell line trading

Welcome simplebeans, Its a simplification of something I have been doing for over a year, I have been live with it for 3 weeks after a lot of paper trading...

Buy sell line trading

Any trading strategy is just a set of rules to give you an edge, its important to think why a strategy might work, and why it might fail. Everyone knows that when a pair is trending we have a thrust in the direction of the trend, then a pull back ...

Buy sell line trading

Current EU H4 chart, i have arrowed all the signal candles that triggered entry...

Buy sell line trading