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Trend Trading Chart Thread

  • #281
  • Nov 17, 2009 1:46am Nov 17, 2009 1:46am
100 on both.

Quoting Ninja
How big of a stop are you using on nzdusd? 100? Do you trade gbpusd? How big of a stop are you using? Thanks

Joe
  • #282
  • Nov 17, 2009 3:06am Nov 17, 2009 3:06am
Dan,

i remember you mentioning on one of your earlier posts that you use this system on shares too. I casually loaded a few FTSE share charts like GSK, BATS and noted that they too are trending. my query is what stop loss do you use when trading shares?
  • #283
  • Nov 17, 2009 6:18am Nov 17, 2009 6:18am
In short on the GBP/AUD at 1.8100...
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  • #284
  • Nov 17, 2009 7:43am Nov 17, 2009 7:43am
Quoting coolshades
Dan,

i remember you mentioning on one of your earlier posts that you use this system on shares too. I casually loaded a few FTSE share charts like GSK, BATS and noted that they too are trending. my query is what stop loss do you use when trading shares?
Hi,

Just like forex - my stop size would depend on the item being traded. I actually have a trade open on GSK (long from 1100; very almost closed at 1200 recently) that has a 50 point stop. However if I were to trade BATS I would probably use a 100 point stop. It's really just a visual gauge that I use to try and work out what would be the best size stop to use.

Hope that helps!

Regards,

Dan
  • #285
  • Nov 17, 2009 7:50am Nov 17, 2009 7:50am
Stopped out aud/usd for +300 pip gain it was a nice run
  • #286
  • Nov 17, 2009 7:56am Nov 17, 2009 7:56am
Hi all,

I trade of the 15m charts, but follow the same system.

Took a short in GBP-JPY today @ 150.00 - 50 pip stop loss
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  • #287
  • Nov 17, 2009 8:09am Nov 17, 2009 8:09am
8914 low on 11/3 to 9404 high on 11/16, nearest round number to 50% is 9150 for target entry. Sound reasonable?
  • #288
  • Nov 17, 2009 8:20am Nov 17, 2009 8:20am
Hi Imturek looking at the same area 9150 for re'entry if it gets there.
  • #289
  • Nov 17, 2009 9:19am Nov 17, 2009 9:19am
Quoting lmturek11
8914 low on 11/3 to 9404 high on 11/16, nearest round number to 50% is 9150 for target entry. Sound reasonable?
Fair to say that's a good area to look for price to react, I personally would like that third factor where the trendline interacts with the round number and the 50% retracement level.

Possibly later on in the week or even into next week before we get confluence of all three factors, that's when I'm likely to sit up and pay attention to this pair, that's only my personal preference on this currency pair.
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  • #290
  • Nov 17, 2009 9:25am Nov 17, 2009 9:25am
Quoting Brixton
Hi all,

I trade of the 15m charts, but follow the same system.

Took a short in GBP-JPY today @ 150.00 - 50 pip stop loss
zoom out to daily (even if you are trading 15M). this pair is in a triangle for a few weeks now, so I would at least wait until it breaks out of it. and it will very soon.
  • #291
  • Nov 17, 2009 9:31am Nov 17, 2009 9:31am
Quoting lmturek11
8914 low on 11/3 to 9404 high on 11/16, nearest round number to 50% is 9150 for target entry. Sound reasonable?
Sounds reasonable but the strong trendline (support) is at around 9050, so maybe we should wait to see if it goes a bit lower...
  • #292
  • Nov 17, 2009 10:07am Nov 17, 2009 10:07am
Quoting TradeOne
Another interesting thing is that the EUR/GBP chart looks like a downward trend with a potential trade to go short at 0.9000...
TradeOne, good trade! I hope you're still in this one.
  • #293
  • Nov 17, 2009 10:11am Nov 17, 2009 10:11am
Keep your eyes peeld (spellin?) for usd/cad.

im looking for posible entry @ 1.0550 if it begins to drop now...

If it continues up past 1.0650 then iŽll look to enter at 1.0600
  • #294
  • Nov 17, 2009 10:29am Nov 17, 2009 10:29am
Hi pip the 1.0600/50 looks the better take but we will see what happens
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  • #295
  • Nov 17, 2009 11:45am Nov 17, 2009 11:45am
Quoting bazooki
TradeOne, good trade! I hope you're still in this one.
Thanks, I'm still in there. Volatility is quite low on this pair so I have a 50 pip trailing stop with 100 pips locked in.
  • #296
  • Nov 17, 2009 12:20pm Nov 17, 2009 12:20pm
GUB / AUD looks like a very volitile pair, I just went short @ 1.8100 with a 100 pip tsl

any thoughts
  • #297
  • Nov 17, 2009 12:23pm Nov 17, 2009 12:23pm
not on my oanda platform nor offered on my fxdd mt4 charts so cant comment.

Quoting IliaM
GUB / AUD looks like a very volitile pair, I just went short @ 1.8100 with a 100 pip tsl

any thoughts
  • #298
  • Nov 17, 2009 12:35pm Nov 17, 2009 12:35pm
Price didnt reach 1.0650, so im in on usd/cad @ 1.0550 with stop @ 1.0650.

Time for patience and discipline


PS: Im going to open a small micro account and trade live. Time to get the emotions in check...

Ive looked into oanda (useless charts ), fxsol and ibfx. Wondering if anyone here has any experience with live accounts and these brokers...?

cheers

EDIT: I forgot to mention aswell. Method doesnt "really" take into account typical PA, but check out the nice pinbar formed on the 4h chart. Look at the "space" its created in the swing.

over and out lol!
  • #299
  • Nov 17, 2009 1:14pm Nov 17, 2009 1:14pm
i use fxdd mt4 charts and trade on oanda. dont use oanda charts.

Quoting Pipalicious
Price didnt reach 1.0650, so im in on usd/cad @ 1.0550 with stop @ 1.0650.

Time for patience and discipline


PS: Im going to open a small micro account and trade live. Time to get the emotions in check...

Ive looked into oanda (useless charts ), fxsol and ibfx. Wondering if anyone here has any experience with live accounts and these brokers...?

cheers

EDIT: I forgot to mention aswell. Method doesnt "really" take into account typical PA, but check out the nice pinbar formed on the 4h chart. Look at the "space" its created in...
  • #300
  • Nov 17, 2009 1:21pm Nov 17, 2009 1:21pm
hi pip i use fxsol uk.and IGindex both i think very good, for me anyway although i have accounts with them i like MT4 charts.
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