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USDJPY Using Candlewick Cross
Greggy

Member Since Dec 30, 2013  158 posts Tony Gregg (Greggy) Oct 31 2016 at 07:24
How to do it: Take Trend lines from Highs and Lows of Candlewicks to the 1st, 2nd & 3rd Gridlines to the right. See USDJPYH1c.png

Fight the Good Fight With All Thy Might!!!
Greggy

Member Since Dec 30, 2013  158 posts Tony Gregg (Greggy) Oct 31 2016 at 07:25
.....a bit further on......using Candlestick Cross. Place Trend Line from High of Candlestick to the low of Candlestick to 1st,2nd & 3rd. These Trend Lines provide support and resistance. Did Candlestick Cross on 15 mins & 30 mins.....

Keep checking the Time Frames - Keeps you busy!!!
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Fight the Good Fight With All Thy Might!!!
Greggy

Member Since Dec 30, 2013  158 posts Tony Gregg (Greggy) Oct 31 2016 at 07:25
This is what Algorithms are able to do all the time and Humans can't. Too much for us to draw in all the Candlestick/Candlewick Crosses. Candlesticks are bouncing of trend lines all day long. Apart from anything else price is moving all the time and it is hard for us to keep up!!! Algorithms are able to move with speed and precision etc. I love it when I get a bounce of a trend line I've just put in!!!

Fight the Good Fight With All Thy Might!!!
AniLorak

Member Since Apr 18, 2017  271 posts AniLorak Jun 18 2017 at 10:15
Greggy posted:
How to do it: Take Trend lines from Highs and Lows of Candlewicks to the 1st, 2nd & 3rd Gridlines to the right. See USDJPYH1c.png


Do you use only trend line tool for live trading? What’s the name of your trading strategy? During high voltage news session, like NFP or FOMC what do you do actually?

BaldoN

Member Since Feb 12, 2016  518 posts Baldo (BaldoN) Jun 19 2017 at 11:40
Some guidelines https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:trend_lines

There are a lot of materials in the net. :)

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