Trendline Scalping 4hr timeframe
Guys, I have a method that has been very successful for me and I want to share it with others. Basically a trend line trade on the 4 hour time frame. I win on 8/10 of these trades, and it happens several times a week.
rule:
Don't trade within an hour before or after major economic news.
Trading only takes place between the start of the Euro and approximately 3 hours before the New York close.
Look for the bullish trend line on the 4-hour time frame. After the second pullback, buy when price touches the line again.
The target price is 50 points
SL is 50 points.
The attached screenshots are examples of this setup. The first is a buy setup and the second is a sell setup.
In the first image, the first two legs confirm this trend. A third bounce in this gradient confirms the buy.
Please let me know if you have any questions
**************renew************************
Attached is the neural network client I used for this system, please read the readme.
How it works It works on all platforms and executes orders with one click.
How it works, it connects to my main nnhost where the transactions are listed. Transactions will be visible through nnclient and you can choose to execute them automatically if you wish. The way it does this automatically is by clicking the mouse and remembering the positions of the buy and sell buttons on the one-click order window. So when my nnhost (the market that analyzes these trending patterns) lists a trade, everyone connected can see the trade and automatically trade it if needed (when it hits the line on the third bounce). If you don't want to trade automatically, you can use this to see what trades I will make.
Transactions only work with this method described in this thread.
Once connected, it will automatically update with upcoming transactions
I also tried screen video, although the quality was poor, so I included what was on the screen in a text file.
Youtube URL:
Sorry, I don't have time to learn camtasia
Enjoy!
rule:
Don't trade within an hour before or after major economic news.
Trading only takes place between the start of the Euro and approximately 3 hours before the New York close.
Look for the bullish trend line on the 4-hour time frame. After the second pullback, buy when price touches the line again.
The target price is 50 points
SL is 50 points.
The attached screenshots are examples of this setup. The first is a buy setup and the second is a sell setup.
In the first image, the first two legs confirm this trend. A third bounce in this gradient confirms the buy.
Please let me know if you have any questions
**************renew************************
Attached is the neural network client I used for this system, please read the readme.
How it works It works on all platforms and executes orders with one click.
How it works, it connects to my main nnhost where the transactions are listed. Transactions will be visible through nnclient and you can choose to execute them automatically if you wish. The way it does this automatically is by clicking the mouse and remembering the positions of the buy and sell buttons on the one-click order window. So when my nnhost (the market that analyzes these trending patterns) lists a trade, everyone connected can see the trade and automatically trade it if needed (when it hits the line on the third bounce). If you don't want to trade automatically, you can use this to see what trades I will make.
Transactions only work with this method described in this thread.
Once connected, it will automatically update with upcoming transactions
I also tried screen video, although the quality was poor, so I included what was on the screen in a text file.
Youtube URL:
Insert video
Sorry, I don't have time to learn camtasia
Enjoy!
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