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Trend Trading Chart Thread

  • #181
  • Nov 5, 2009 5:33am Nov 5, 2009 5:33am
Looks like GBP-CHF
  • #182
  • Nov 5, 2009 6:11am Nov 5, 2009 6:11am
doubt it. may to june gbpchf was trending up.

Quoting Brixton
Looks like GBP-CHF
  • #183
  • Nov 5, 2009 6:34am Nov 5, 2009 6:34am
Quoting coolshades
which pair is that
That is the EURAUD Pair that has been trending like that
  • #184
  • Nov 5, 2009 6:37am Nov 5, 2009 6:37am
The AUDUSD is also trending nicely on the daily...
Attached Image (click to enlarge)
Click to Enlarge Name: audusd trending.gif Size: 20 KB
  • #185
  • Nov 5, 2009 6:48am Nov 5, 2009 6:48am
I have a little help locating the trends, this shows the pairs I have that are trending based on certain criteria and the time frames the trend is on, when the price gets to a certain point on the chart a bell shows up next to the colored square in the time frame frame column indicatiing it is in a decision area...You still need to look for an entry point but at least it gets you to the time frame so you do not really have to hunt and search each time frame to find the trend..
Attached Image (click to enlarge)
Click to Enlarge Name: trend dashboard.gif Size: 14 KB
  • #186
  • Nov 5, 2009 6:52am Nov 5, 2009 6:52am
Quoting NightMoves
I have a little help locating the trends, this shows the pairs I have that are trending based on certain criteria and the time frames the trend is on, when the price gets to a certain point on the chart a bell shows up next to the colored square in the time frame frame column indicatiing it is in a decision area...You still need to look for an entry point but at least it gets you to the time frame so you do not really have to hunt and search each time frame to find the trend..
And for some reason my ADR cloumn has never worked right with this that is why it is blank, but other than that it seems to do a pretty good job, the little circles on the upper left corner of the chart also show which time frame and direction that particular pair is trending is in, Green is up and Red is down also based on certain criteria.
  • #187
  • Nov 5, 2009 7:06am Nov 5, 2009 7:06am
Quoting NightMoves
The AUDUSD is also trending nicely on the daily...
Yeah I agree... I like the action on A/U - in fact I have a little buy on that one... I wonder if anyone can explain where and why (I'll give you a clue... it was a really easy trade!)?

Regards,

Dan
  • #188
  • Nov 5, 2009 7:08am Nov 5, 2009 7:08am
Quoting NightMoves
I have a little help locating the trends, this shows the pairs I have that are trending based on certain criteria and the time frames the trend is on, when the price gets to a certain point on the chart a bell shows up next to the colored square in the time frame frame column indicatiing it is in a decision area...You still need to look for an entry point but at least it gets you to the time frame so you do not really have to hunt and search each time frame to find the trend..
I hope you're only watching the H4 and Daily columns!! LOL!

We have a very simple criteria for a trend here. Could you explain what yours is?

Regards,

Dan
  • #189
  • Nov 5, 2009 7:11am Nov 5, 2009 7:11am
Quoting DanUK
Yeah I agree... I like the action on A/U - in fact I have a little buy on that one... I wonder if anyone can explain where and why (I'll give you a clue... it was a really easy trade!)?

Regards,

Dan
I am not sure where you took your entry, using the system I am using I have not seen an entry signal just yet on the daily chart at least not on the latest retracement, however the pullback looks good, now I just need the entry signal.....
  • #190
  • Nov 5, 2009 7:13am Nov 5, 2009 7:13am
noooo, dont make this so easy ;-)

enter at 8950 a day or two back, bounce off the 50% fib on the daily..
or another entry would be 9050 today, though for the 9050 the entry would be failure to penetrate upward trendline

Quoting DanUK
Yeah I agree... I like the action on A/U - in fact I have a little buy on that one... I wonder if anyone can explain where and why (I'll give you a clue... it was a really easy trade!)?

Regards,

Dan
  • #191
  • Nov 5, 2009 7:17am Nov 5, 2009 7:17am
what bugs me is that i am missing too many trades still. was a good entry on nzdusd @9160, but missed it.

when does the world realise that i should be paid for doing nothing but staring at charts all day?
  • #192
  • Nov 5, 2009 7:20am Nov 5, 2009 7:20am
Quoting coolshades
noooo, dont make this so easy ;-)

enter at 8950 a day or two back, bounce off the 50% fib on the daily..
or another entry would be 9050 today, though for the 9050 the entry would be failure to penetrate upward trendline
Simple!

The 50% fib and the rising trendline. Bounced at 8950 - entry at 9000. Stop is currently at breakeven so I am just waiting for something to happen now!

Trading should always be this easy!

Regards,

Dan
  • #193
  • Edited 7:34am Nov 5, 2009 7:21am | Edited 7:34am
Quoting coolshades
what bugs me is that i am missing too many trades still. was a good entry on nzdusd @9160, but missed it.

when does the world realise that i should be paid for doing nothing but staring at charts all day?
LOL!

Ok here's another one... can you tell me where I am and why on U/C? (EDIT: USD/CAD!)
  • #194
  • Nov 5, 2009 7:25am Nov 5, 2009 7:25am
Quoting DanUK
I hope you're only watching the H4 and Daily columns!! LOL!

We have a very simple criteria for a trend here. Could you explain what yours is?

Regards,

Dan
Yes I can give you the basics of how it works...
I look for the those SMA lines to be parallell and pointing in the same direction, I call those my dynamic support and resistance lines, unlike a normal trend line these will kind of move with the pair ( I do use drawn trend lines however) I look for retracements back to the area of dynamic S/R and then look for other S/R lines in that same area for example, Fib round numbers, previuous swing lows or swing highs...etc

So I need a confluence of S/R to some together in the area of dynamic S/R...and I use 2 different time frames, I use the larger time frame as my setup chart, so lets say that I have found a trend on the 1hr chart and I have found all confluences of S/R to be in the area dynamic support and resistance...then I draw my trend lines and counter trend lines if they exist, then I switch time frames and use a smaller time frame to see the price a little better, that time frame will be my trigger chart.

I usually try and divide the time frame by 4 if I can or something close to it, so on the 1hr set up chart, I would switch to the 15 minute chart to use as a trigger chart, and from that chart I look for a reversal pattern. I look for the pullback and then the continuation pattern for my entry, I set my SL just beyond the start of the pullback, I figure if it comes back farther than the pullback then the setup is no longer valid.

I can show examples of this through posted charts if your interested in it.
  • #195
  • Nov 5, 2009 7:26am Nov 5, 2009 7:26am
Quoting DanUK
Yeah I agree... I like the action on A/U - in fact I have a little buy on that one... I wonder if anyone can explain where and why (I'll give you a clue... it was a really easy trade!)?

Regards,

Dan
ermmmmm....

Fibs 50 @ 0.8950
Aprox to dailies trendline.
Entry @ 0.9000
SL @ 0.8900

Currently BE.

Do i get merit points? lol! .

defo an easy trade screaminŽin face lol.
  • #196
  • Nov 5, 2009 7:28am Nov 5, 2009 7:28am
two entries there.

sell at 1.02 or sell at 1.018 or thereabouts?

i took a sell at 1.02 last week, got stopped out and recovered my pips through an AH

Quoting DanUK
LOL!

Ok here's another one... can you tell me where I am and why on U/C?
  • #197
  • Nov 5, 2009 7:31am Nov 5, 2009 7:31am
Quoting Pipalicious
ermmmmm....

Fibs 50 @ 0.8950
Aprox to dailies trendline.
Entry @ 0.9000
SL @ 0.8900

Currently BE.

Do i get merit points? lol! .

defo an easy trade screaminŽin face lol.
You got it!
  • #198
  • Nov 5, 2009 7:33am Nov 5, 2009 7:33am
Quoting coolshades
two entries there.

sell at 1.02 or sell at 1.018 or thereabouts?

i took a sell at 1.02 last week, got stopped out and recovered my pips through an AH
Sorry I should have been a bit clearer... I meant USD/CAD!
  • #199
  • Nov 5, 2009 7:35am Nov 5, 2009 7:35am
ah, sell at 1,065? actually this is a pair i am watchign very closely, so let me know first if i got it right

Quoting DanUK
Sorry I should have been a bit clearer... I meant USD/CAD!
  • #200
  • Nov 5, 2009 7:37am Nov 5, 2009 7:37am
Quoting NightMoves
I can show examples of this through posted charts if your interested in it.
You are welcome to post some charts... although normally I prefer them to be indicator free!

I actually used to trade in a similar way to this - I used three MAs to give me trend bias and strength. I found this to work OK but nowadays I find just a couple of trendlines and a fib retracement tool to be easier!

Regards,

Dan
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