Trend Trading Chart Thread | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Are you a trend trader or a counter-trend trader? 29 replies

Trading bounces off daily chart trend lines 13 replies

Trend trading with 55EMAs on the Daily Chart 10 replies

Is Grid Trading (combined trend following and counter trend) Profitable? 3 replies

Attachments: Trend Trading Chart Thread
Exit Attachments

Trend Trading Chart Thread

  • #121
  • Oct 13, 2009 8:34am Oct 13, 2009 8:34am
yes indebted to gordon brown for all pips on £.

Quoting castlerock
Hi just noticed on the other thread you stayed in for +200 well done.
  • #122
  • Oct 13, 2009 8:45am Oct 13, 2009 8:45am
Quote
Attached Image (click to enlarge)
Click to Enlarge Name: jjj7.jpg Size: 150 KB
This is just my take lads if anything the 90.00 was the bet here for sell looking at the chart not trying to tell anyone how to trade here just trying to get a good grip on this method which is excellent.
  • #123
  • Oct 13, 2009 8:57am Oct 13, 2009 8:57am
Quoting castlerock
This is just my take lads if anything the 90.00 was the bet here for sell looking at the chart not trying to tell anyone how to trade here just trying to get a good grip on this method which is excellent.
I agree. I think that would have been the safer trade. I may have jumped it a little, due to impatience, but i will learn. I Learn something new everyday. And yes, this is an excellent method.
  • #124
  • Oct 13, 2009 9:05am Oct 13, 2009 9:05am
the only thing i will add to this is when price reaches your area of interest, do drill down to h1 for confirmations that prices closes above/below area of interest before firing trigger.

if you wait for h4 candle closure you might miss an entry..

disclaimer - i am new. disregard anything i say.

Quoting castlerock
This is just my take lads if anything the 90.00 was the bet here for sell looking at the chart not trying to tell anyone how to trade here just trying to get a good grip on this method which is excellent.
  • #125
  • Oct 13, 2009 9:49am Oct 13, 2009 9:49am
its all good as long as we keep talking it over with ieach other i think we will learn. To play this game in silence is really the hard part. i think its communicating and trying to get every one honest view of things, thats best we can do
  • #126
  • Oct 13, 2009 10:07am Oct 13, 2009 10:07am
hmm for some reason i cant upload an image today on FF.

Also it seems like a break out happened on EU ?? 1.4800 long?

any one on this one?

im sitting out because im not sure if at this point it will retrace to support or break out
  • #127
  • Oct 13, 2009 11:52am Oct 13, 2009 11:52am
Not in this at the moment but looking at the 1.4650/7 area for possible buy if it gets there.
  • #128
  • Oct 13, 2009 1:32pm Oct 13, 2009 1:32pm
b**ger. closed my usdjpy by mistake. #1 in the book of juvenile mistakes by traders.

well, looking out for other opps now.

Quoting rtiger29
I agree. I think that would have been the safer trade. I may have jumped it a little, due to impatience, but i will learn. I Learn something new everyday. And yes, this is an excellent method.
  • #129
  • Oct 14, 2009 1:59pm Oct 14, 2009 1:59pm
I took a SELL GU @ 1.5970
100 pip SL

We will see what will happen.

Also Im looking on EU 1.4800 as a point of interest to go long we will see what will happen

  • #130
  • Oct 14, 2009 6:00pm Oct 14, 2009 6:00pm
the trade has gone against me 70 pips, but I will let it play itself out and look to AH if that is the case
  • #131
  • Oct 14, 2009 11:23pm Oct 14, 2009 11:23pm
alright so I got stopped im looking to AH GU at this point.

What are ur thoughts?
  • #132
  • Oct 15, 2009 12:57am Oct 15, 2009 12:57am
I dont think u will get the chance of the AH. This one has shifted direction, and the GBP is going north. I would much rather look to buy around 160. But it might not even be reached.

Quoting IliaM
alright so I got stopped im looking to AH GU at this point.

What are ur thoughts?
  • #133
  • Oct 15, 2009 5:11am Oct 15, 2009 5:11am
Quoting IliaM
alright so I got stopped im looking to AH GU at this point.

What are ur thoughts?
I was in on that trade as well. I entered at 1.6004 and stopped out for a loss at 1.6104. I'm going to use the AH, this thing could very well be turning now after such a strong run up. Your entry was 30 pips lower than mine so I don't know exactly about your trade. It may have to break the previous resistance TL to get you back at BE. I entered just above the resistance TL, so I'm hopeful I'll get back my lost pips.

I would sooner monitor the AH than enter LONG, even though it could run up to the Weekly resistance TL. I'm thinking the AH is worth watching to see if I get that opportunity.

Just my 2 cents and how I'm going to manage my trade.
  • #134
  • Oct 15, 2009 10:12am Oct 15, 2009 10:12am
right now this is what i am watching
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd h4 to watch for.jpg Size: 138 KB
  • #135
  • Oct 19, 2009 1:51am Oct 19, 2009 1:51am
entered nzdusd at 7380. given that the recent high has been at 7493, i have moved my sl to + 50 rather than the normal b/e.



Quoting coolshades
right now this is what i am watching
  • #136
  • Oct 19, 2009 10:10am Oct 19, 2009 10:10am
im thinking 1.6400 is good place to short GU right at the resistance line


any thoughts?
  • #137
  • Oct 19, 2009 11:05am Oct 19, 2009 11:05am
I have a pending order at 1.6350 to sell but im watching it closely.

The strengh of the uptrend could *possibly* continue and eventually break the dailies down TL, although it has halted. so time will tell.

Bear in mind im a rookie so no one take to heart what i say. Its just my opinion.
  • #138
  • Oct 19, 2009 5:10pm Oct 19, 2009 5:10pm
+200pips locked in usd/chf sell was at 1.0400 18 days ago
  • #139
  • Oct 22, 2009 7:07am Oct 22, 2009 7:07am
Hi dan, first congratulations on new baby. The usd/jpy has been bearish for some time as you can see i started to see an upward move and took a demo long @90.50 what i would like to ask is at what point do you start to change your bias after seeing either a bearish/bullish move using this method i have noted that the longer term 50%fib from the 97.77 mark would take us to the 93. mark where it could resume it's bearish bias hope you understand the question.
Attached Image (click to enlarge)
Click to Enlarge Name: dan1.jpg Size: 133 KB
  • #140
  • Oct 23, 2009 6:14am Oct 23, 2009 6:14am
Although I preffer GU and EU I still like to keep my eye on other markets using Dan's methods. I'm watching the GBP/JPY for a possible entry at 150.50, although it has touched off the 150.00, is the 50% retrace and in the vacinity of a trendline I would like to see a little more reaction at the 150 level before entering at 150.5 for a buy, one for me to watch, if the train has already left the station then I'll expect it to hit 153.

(4 hour chart posted below)
Attached Image (click to enlarge)
Click to Enlarge Name: gy.jpg Size: 126 KB
0 traders viewing now