Strength Of Trendlines - Currency Futures | futures io social day trading
futures io futures trading


Strength Of Trendlines
Updated: Views / Replies:1,449 / 8
Created: by pipsaholic Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Strength Of Trendlines

  #1 (permalink)
Trading Apprentice
New York
 
Futures Experience: Beginner
Platform: MT4
Favorite Futures: Currency
 
Posts: 7 since Dec 2011
Thanks: 1 given, 3 received

Strength Of Trendlines

Hi,

Can a pro who has been using trendline’s tell me of their experience when usually they are broken or when best to buy or sell off a bounce or when they break? After trading for 1 year I find it breaks usually on the 4th or 5th bounce more on the 5th bounce break and the odd occasion 3rd while the 2nd bounce is the strongest.

Thanks.

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,826 received



pipsaholic View Post
Hi,

Can a pro who has been using trendline’s tell me of their experience when usually they are broken or when best to buy or sell off a bounce or when they break? After trading for 1 year I find it breaks usually on the 4th or 5th bounce more on the 5th bounce break and the odd occasion 3rd while the 2nd bounce is the strongest.

Thanks.

Coming from a non-pro, here is my interpretation. I traded trendline bounces for about 4 months live on a micro forex account. I got tired of it actually for some reason?

Anyways, for me it depended on the instrument/currency.

Secondly, you are correct, the 2nd bounce is always the best, but how do you know it will create that '2nd' bounce? Isn't that what forms the trendline?

Thirdly, the best bounce is the 3rd bounce in my opinion....

Fourthly, trendline bounces change contingent upon market conditions also. I find 4HR and Dailies better than smaller TF's.

So, to me, the critical aspects are in this order:

Instrument
Timeframe
Bounce # w/ Confluence (S&R, Fib #) etc...

I am thinking about putting together a thread to discuss PriceAction without the clutter. Each user has to post a chart and it has to be informational and an attachment with question/statement on each chart thread submittal so we can discuss real trading. Most of the threads get bogged down in gibberish for education which makes it tough to 'sift' through.

Reply With Quote
The following 3 users say Thank You to bluemele for this post:
 
  #4 (permalink)
Trading Apprentice
New York
 
Futures Experience: Beginner
Platform: MT4
Favorite Futures: Currency
 
Posts: 7 since Dec 2011
Thanks: 1 given, 3 received

Great advice. I agree the higher timeframes the trend line breaks are stronger and more valid. Also, I think that would be a great idea price action only thread to post charts I would like to be involved.

Reply With Quote
 
  #5 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received


pipsaholic View Post
Great advice. I agree the higher timeframes the trend line breaks are stronger and more valid. Also, I think that would be a great idea price action only thread to post charts I would like to be involved.

The main price action thread is here:
https://futures.io/elite-circle/3506-elusive-price-action-how-trade.html

136+ pages

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #6 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,826 received


Big Mike View Post

136+ pages

Mike

That is the challenge. The 'elusive' part of the thread is finding 'good' or pertinent trading information. haha... I think it started with good intentions, but tough to really gain knowledge without so much 'stuff' in-between.

Reply With Quote
The following user says Thank You to bluemele for this post:
 
  #7 (permalink)
Trading Apprentice
Delhi, Delhi/India
 
Futures Experience: Beginner
Platform: TradeStation
Favorite Futures: Forex
 
Posts: 23 since Nov 2011
Thanks: 2 given, 1 received

It is useful for me as well, I do not have much knowledge about Trendlines.

Reply With Quote
 
  #8 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,497 received


bluemele View Post
That is the challenge. The 'elusive' part of the thread is finding 'good' or pertinent trading information. haha... ...

Bluemele, what have you learned from reading the elusive price action thread ? Can you name a concept, an idea or anything that has been helpfull to you ?

Reply With Quote
 
  #9 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,826 received


trendisyourfriend View Post
Bluemele, what have you learned from reading the elusive price action thread ? Can you name a concept, an idea or anything that has been helpfull to you ?

Of course there is good information. For me it was more about what guys are doing. Nothing really new in that thread.

I think it would be good for example to maybe have a thread on just certain aspects of Price Action. For instance, Support & Resistance thread, Trendline Thread...

And, you have to post an example trendline w/ Pic... I am not criticizing the thread in the sense it useless, but just that it lives up to the 'elusive' aspect. Very confusing for a newbie and that was the point....

Reply With Quote
The following user says Thank You to bluemele for this post:

Reply



futures io > > > > Strength Of Trendlines

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trend Strength Indicators tradeguy24 NinjaTrader 5 March 24th, 2016 12:22 AM
Trading Fractals, Multiple Trendlines and Momentum tdaman NinjaTrader 15 February 15th, 2014 11:03 PM
Trendlines not matching from Higher Timeframe to lower Timeframe? bluemele NinjaTrader 26 October 8th, 2012 03:35 PM
True Strength Index Jeff Castille The Elite Circle 149 January 22nd, 2012 11:08 PM
Duplicating NT7 charts while retaining trendlines and notes? crimmins NinjaTrader 6 January 7th, 2011 12:34 PM


All times are GMT -4. The time now is 01:42 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-16 in 0.13 seconds with 19 queries on phoenix via your IP 23.22.136.56