Aside from psychology stuff which I think is the main reason for the difference, there are some differences between demo and live accounts related to brokers especially if you are a scalper or use EAs. The obvious difference is that you don't see ...

Is demo a step before real trading?

Since we have several setups in this strategy along with some details that need to be followed thoroughly so I think it could be a good idea that people who are interested in this thread find the situations and setups related to this thread and post ...

Advanced discussion about trend lines

The next setup is one of the most reliable and profitable ones and that's where a line is broken and the price comes back to that again. That's the place where we enter the position with a good rr and we can be confident that our position will hit ...

Advanced discussion about trend lines

Guys, I created this thread for advanced discussion about TLs at first but when no one had any ideas about trend lines to discuss, I started teaching my method. So please either write something productive or find another place to continue your fight ...

Advanced discussion about trend lines

Sorry guys for delay but I'm always short of time. I own a small business and not to mention a 24/5 job, which is trading and if I have any other time I either study the market or play poker so it's hard to find time to continue a thread especially ...

Advanced discussion about trend lines

The second type is where the first wave is (so) gentle than the second wave and most of the time wave 2 is too volatile and move very fast and also it's much longer than wave 1. In this situation if you draw the line from highs (in bearish) and lows ...

Advanced discussion about trend lines

Thanks, bro and if you mean drawing the line using the lows of wave 1 then you're right. I'll explain that more in the next post that I've prepared and I'll send it in a few moments.

Advanced discussion about trend lines

Before I post next subject later, let's see if anyone can guess or draw a trend line in the next situation. Next situation is a situation that happens lots of time and it's where the first wave is less steep than the second wave. Most of the time we ...

Advanced discussion about trend lines

Now that we know how to draw lines and what priorities we have in choosing timeframes, we are going to talk about the types of lines that we should draw in various types of waves. In this method we draw the lines based on the volatility and slopes ...

Advanced discussion about trend lines

I forgot to say something else. You can use MT5 that gives you more timeframes and can help sometimes but interestingly most of the time the main timeframes in MT4 are enough and more timeframes in MT5 don't make any fundamental changes. But all in ...

Advanced discussion about trend lines

Sorry guys for delay. I hope I can find more time for this thread. So far we've addressed the method we need to draw our lines. In this post we're going to talk about timeframes. First of all, as I said before, in this strategy we should analyze the ...

Advanced discussion about trend lines

Thank you for your comment my friend and I'm glad that you've found this thread useful. Regarding to your question I have to say that I haven't talked about my strategy yet. There are several setups in my strategy and some situations that must be ...

Advanced discussion about trend lines

The following example is a resistance line but the same rules are applied here too. Of course there are some other things like the size of a wave or in other words the number of candles that should be considered when we draw a trend line. Most of ...

Advanced discussion about trend lines

Well, these two days I'm on staycation and have more time to do some activities so I made a poll. Please participate in it so that I can figure out how many of visitors are familiar with this type of drawing.

Advanced discussion about trend lines

These are some examples of drawing correct trend lines. I've explained in the pictures why the trend lines are correct or incorrect. I have to say one more time that the exactitude of choosing candles is the main factor in drawing a correct trend ...

Advanced discussion about trend lines

Thank you guys. I really appreciate that you've shared your experience but with all due respect I have to say that the way you draw trend lines are not, let's say, precise enough. That's the thing that most people, maybe 90% or even more, don't pay ...

Advanced discussion about trend lines

Well as you can see there aren't any people who have worked on this so called easy concept and yet people always complain here that no one can make money in this market. To be honest I thought that it went something like that but I expected a little ...

Advanced discussion about trend lines

There are millions of ways to exit regarding to your strategy. It completely depends on the all aspects of your strategy such as the method you use for analyzing the market, RRR, MM, etc. but according to a few information you gave in respect to ...

How do you decide your exits?

That's a great idea. Actually I have a similar idea and I've been working on that for a few months. My strategy has several setups and I've found out that one of them has a very high win rate. I'm going to apply only that setup with an account of ...

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