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Trend Trading Chart Thread

  • #101
  • Oct 7, 2009 6:43am Oct 7, 2009 6:43am
Stopped out usd/jpy for +100pips see post #77.
  • #102
  • Oct 7, 2009 8:31am Oct 7, 2009 8:31am
Quoting nhtrading
I have been trading live for 10 months now. Mostly trying to scalp with the overall trend. Looking to get into longer term trades with bigger movements. Hoping this thread can help me out. Love the Jacko method I have been reading about. Just trying to get a good entry either in the EUR/USD or NZD/USD. They look like the best trending markets to me. Keep getting stopped out for small profits last two days using this approach. I think I am going to wait for a bigger dip back to support lines.

I love to chase markets and it kills me everytime. Thanks...
Hi Nht,

If your looking for trending markets keep an eye out for AUD/USD. Very similar to E/U - N/U.

Just thought id chip in.
  • #103
  • Oct 7, 2009 8:44am Oct 7, 2009 8:44am
Is anyone looking to go long in this market. It looks like it is getting close to the trendline .9216. Falling Wedge Pattern as well.

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  • #104
  • Edited 10:42am Oct 7, 2009 9:40am | Edited 10:42am
Looks like it is still falling through the trend line.
  • #105
  • Oct 11, 2009 7:38am Oct 11, 2009 7:38am
Could be interesting this week usd/jpy looking for a bit of resistance around the 90.50 mark still a strong bearish trend here will wait and see what happens just my take on this at the moment.
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  • #106
  • Oct 11, 2009 10:23am Oct 11, 2009 10:23am
Quoting castlerock
Could be interesting this week usd/jpy looking for a bit of resistance around the 90.50 mark still a strong bearish trend here will wait and see what happens just my take on this at the moment.Attachment
i think this pair will find strong support at 87.100 on weekly. lets see how it starts in few hours time.
-happyTrading-myFx.
  • #107
  • Oct 11, 2009 1:59pm Oct 11, 2009 1:59pm
castle,

not too sure if usdjpy will go up to 90.50 level but in any case in my book too,its headed for a drop.


Quoting castlerock
Could be interesting this week usd/jpy looking for a bit of resistance around the 90.50 mark still a strong bearish trend here will wait and see what happens just my take on this at the moment.Attachment
  • #108
  • Oct 11, 2009 11:58pm Oct 11, 2009 11:58pm
its a good thing no one takes my observations seriously, not even myself!

Quoting coolshades
castle,

not too sure if usdjpy will go up to 90.50 level but in any case in my book too,its headed for a drop.
  • #109
  • Oct 12, 2009 4:22am Oct 12, 2009 4:22am
Morning folks.

Dan, wondering what your thoughts would be on Nzd/Usd? Just to see how you look at it.

Price retraced back down to around 0.7250(ish).
It also coincides with the Fibs 50 from the newest swing.

But it isnt near the dailies TL yet.

Would you of considered this trade or do you think its still to green to take?

Thanks in advance.
  • #110
  • Oct 12, 2009 4:52am Oct 12, 2009 4:52am
this is not a pair that i follow ( i should) but since you mentioned it, i had a look.

i think the 725 region wld have been a good entry since on the h1 price closed above it and its the 50% fib.

however as at the time of writing, the price is 7346 and i certainly wouldnt go long now. there is just 100 points between current price and the most recent high and thats not enough 'breathing room' for me for a trade.

still, pls ignore everything i post. let dan comment.


Quoting Pipalicious
Morning folks.

Dan, wondering what your thoughts would be on Nzd/Usd? Just to see how you look at it.

Price retraced back down to around 0.7250(ish).
It also coincides with the Fibs 50 from the newest swing.

But it isnt near the dailies TL yet.

Would you of considered this trade or do you think its still to green to take?

Thanks in advance.
  • #111
  • Oct 12, 2009 5:43am Oct 12, 2009 5:43am
Quoting coolshades
this is not a pair that i follow ( i should) but since you mentioned it, i had a look.

i think the 725 region wld have been a good entry since on the h1 price closed above it and its the 50% fib.

however as at the time of writing, the price is 7346 and i certainly wouldnt go long now. there is just 100 points between current price and the most recent high and thats not enough 'breathing room' for me for a trade.

still, pls ignore everything i post. let dan comment.
Thanks coolshades.

I think its to early for that trade but id like to see what Dan says since he is experienced.

IMHO I see that the trade will keep going down till it gets to the dailies TL. Thats what id like to see, but apart from price not being near the TL, everything else seems good to me.

Lets see what he says
  • #112
  • Oct 12, 2009 7:16am Oct 12, 2009 7:16am
Quoting castlerock
Could be interesting this week usd/jpy looking for a bit of resistance around the 90.50 mark still a strong bearish trend here will wait and see what happens just my take on this at the moment.Attachment
Hey castlerock. Just sent you a PM
  • #113
  • Oct 13, 2009 5:18am Oct 13, 2009 5:18am
have finally locked in +100pips in this usd/chf nice 50%fib [email protected] [email protected] it has taken 11 days but who cares.
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  • #114
  • Oct 13, 2009 7:01am Oct 13, 2009 7:01am
CR,

are you in on USDJPY sell at 90-ish?

which other pairs are you watching?
  • #115
  • Oct 13, 2009 7:42am Oct 13, 2009 7:42am
Hey guys any one shorting the Usd Jpy this week?

89.50 too late u think ??? i think it may stil be good. what are ur thoughts.

place stop at 90.50 its pushing it.
  • #116
  • Oct 13, 2009 7:49am Oct 13, 2009 7:49am
Hi, nope did not enter uj did not hit the 90.50 although my last uj trade was a few pips short of the 50 and i scrapped +100 pips i have noticed that if you let it hit the 50/00 you seem to get a longer run plus it's much more objective a solid rule let it hit the 50/00 and if it rejects then make your move got that tip from dan and i can see why it is sound advice.Just got stopped out gu +200 I know you were in it did you stay in or pull out at some point this is the one I'm watching at the moment eu has run away at the moment but will post anything that comes up.
  • #117
  • Oct 13, 2009 7:52am Oct 13, 2009 7:52am
Im in it. I was in at 89.50. Currently in a little bit of drawdown at the moment. But i think we will make our way down soon. Im still learning so dont take my advice or anything. Thats just the way i see things now.

Quoting IliaM
Hey guys any one shorting the Usd Jpy this week?

89.50 too late u think ??? i think it may stil be good. what are ur thoughts.

place stop at 90.50 its pushing it.
  • #118
  • Oct 13, 2009 7:57am Oct 13, 2009 7:57am
Hi just noticed on the other thread you stayed in for +200 well done.
  • #119
  • Oct 13, 2009 8:14am Oct 13, 2009 8:14am
Im also in USD/JPY from 89.50 with SL at 90.50.

My reasoning is the descending TL, 50 fibs and pb of dailies.

Also to point out that this entry is at the top of the current range, so in essence it looks like a nice trade from resistance, although its in DD as i speak.

Also see a lot of support at 88.00.

Lets see how it plays out.

Any of you tried applying different stop sizes? 50pips for example? just wondering see how each ones doing .
  • #120
  • Oct 13, 2009 8:17am Oct 13, 2009 8:17am
Hi getting in @89.50 is a bit dodgy for a sell when you want to be looking for a good retrace post No25 has a very good example of this method good luck with the trade.
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