Hi Mike. thanks I know exactly how you feel like. I don't know how long you have being trading for but take baby steps with your trading or you will fall down and you can hurt yourself. I am not a 5-10 year old experienced trader but I am trading ...

Mechanical trend trading

Nice, I like the idea of timelines, I need to do some more research on them. Some brockers will have a feature where you can also specify the time and the date when the order will trigger. Oanda would be one of them, I don't think MT 4 has it.

Mechanical trend trading

Here is another setup that I am looking forward to. gbp/usd is making a nice downtrend and it is time for a retracement? well if it is then 1.5850 is the area to take the trade from because of the elements that line up. I will setup my pending ...

Mechanical trend trading

Here is a nice setup that is developing. Will EUR/USD make another LL? If price retraces to 1.3700 area then I will take the trade with 2 orders. I will set SL 5 pips above C and set my TP 1 the same amnt of pips I am risking and then continue ...

Mechanical trend trading

Hi Billy, this thread is fine, we can continue. Matt is almost done with the pdf, I asked him to post it here so people can download the file.

Mechanical trend trading

Hey Billyjoe, I will start posting here as well, thanks for the compliments. Paulus was doing great with his strategy too be honost. I hope he comes back as well. I am mostly not here to learn, I am bored while waiting for trades or setups, and here ...

Mechanical trend trading

yes ofcourse I love to share my trading style, as soon as Matt is done with pdf then it can be posted here as well.

Mechanical trend trading

You will be the first one to get the pdf, I am assuming it should be ready sometimes this week. I need to check with Matt. He wanted to include very basic stuff like how to draw a trendline or fib lines etc etc. that will take longer time, I have ...

Mechanical trend trading

Good point Bill, and Paulus your results look promising, I think you should continue what you are doing, I think you already have your rules, and they are so far waiting for the price to retrace to the trendline and then take another swing at it. ...

Mechanical trend trading

wow what a ralley, specially for the jpy pairs. I just closed my aud/cad manualy right at 9250 line since it has 7 pips spread, this can pull itself up on that psych level before it executes by my brocker. So first order was for 70 pips and the 2nd ...

Mechanical trend trading

hey stevegee, I do trading 24hrs when the market is open, how I manage it when I also have a daytime job? What I do is that I put pending orders since I look for setups that has round#s lining up with that trendline.

Mechanical trend trading

wow what the hell, good for you, I am glad that you are making great amount of pips as long as you keep it consistence then you will win most of your trades. I made half of that this week because I have chickened out just because eur/usd came very ...

Mechanical trend trading

thanks buddy, I didnt' mean to critisize your work though, just suggestions here and there, because you are doing an execellent price action trading and I learned something from you as well how to set the SLs and TPs which I always had trouble with. ...

Mechanical trend trading

just an update with my 2 trades that I took yesterday with gbp/jpy and usd/chf. I have closed both of them. gbp/jpy wasn't making that LL that I was looking for so I closed it for a profit of +56 pips and the usd/chf wasn't making any HH either and ...

Mechanical trend trading

Paulus good point, it is not matter of who is right and who is wrong in trading. When price reaches to those levels of support and resistance, it is always tricky to know the direction of the market.

Mechanical trend trading

here is another setup with gbp/jpy, since point A the price is making LL and LH, I like the flow of it, point E is the entry area, I have my pending orders at the round# 145.00, will it make another LL? We will find out.

Mechanical trend trading

Here is a nice setup cought my attention with usd/chf

Mechanical trend trading

Hi guys, just to give you guys some ideas about the majors, most of them are near sup/res levels and when that happens I always wait for the price to break itself out of these levels, then I look for setups. The setups that we will see, they could ...

Mechanical trend trading

depends, usual before the price touched to the trendline, lets say the round # lines below the trend line and at the same time the fibs levels 38-61% also below the trend line, then I would put the pending orders below it and this happens more ...

Mechanical trend trading

Here is when I don't take a trade even my elements line up perfectly, when I see a big movement with one candel, so if one candel moves viciously by itself all the way to the entry point then I close my pending orders. Probably some news effects ...

Mechanical trend trading