Yesterday +140 pips, this month +1000

[galvestonforex]

I've been using basic trend lines and support and resistance for the month of December, I have a few simple rules and my trades have done very well, check out this chart for a basic idea. Since December 1, I have made 1000+ demo pips with this strategy. Please post or email me any comments or ideas. Thanks for checking out my post, have a good one.

[ecology10]

Thats good work, and I see you traded EURUSD (5MIN). You went long and short. Thats interesting to me because as a trader even if you are scalping, you would want to trade with the trend. And if you were able to pick bottom and tops, thats amazing (single most hardest thing to do). In my opinion support and resistance; trendline are good enough, as long as you have a good money management rules.

Trading demo and trading live is a-lot different. Once money is involved deciphering emotions is the key. Going short and long in such a short period is High Risk, High Reward situation.
I like it some-one is keeping it simple, it's all about one's confidence in the strategy and trading style.

Good Luck, happy holidays ...
Ohh and I think this strategy will work well, considering the volatility around this time is usually low (relatively to Nov (end)).

[LOCOPERRO]

I to have come back to this which is where i started but have not mastered it yet .
What are the little circles are they fractal points or another indicator

[galvestonforex]

i will post my strategy tonight, thanks for the interest.

[galvestonforex]

Please view the file and chart below for our trading strategy.

[LOCOPERRO]

Intresting Have Found Quite A Lot On This

[EliteJ]

Originally Posted by galvestonforex

Please view the file and chart below for our trading strategy.

I looked at your strategy and I have a question about it. How do you adjust the trendline? There are many times when the trendline will be broken and price will cross through support or resistance along with this but then price will continue in the direction it was going. Here's some examples

[galvestonforex]

I looked at the charts you posted, remember 20+ pips on the move from low to high, also not every circle is to be used, and the supports should be the strongest technical point that you see, not just the first circle back. The market does indeed retrace further than the trend and support sometimes, when that happens we lose. I have posted more information on our group site. Sorry I cannot be more help right now, I am on vacation.