Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies

eur/usd, eur/jpy, usd/jpy average 0 replies

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

Some Trade Setups & Contributions 2 replies

Attachments: Trend analysis & EUR USD JPY AUD trade setups
Exit Attachments

Trend analysis & EUR USD JPY AUD trade setups

Update on trends:

EURUSD

With the move above 1.4950s late last week, the pair has also reentered the bull trend, to go along with most other majors, like GBPUSD, AUDUSD etc. The weakness of EUR was the cause for the slight pause in the trend.

Strat: Keep long - buy dips to sell for 100+ profits (bought 1.4825-1.4850s, looking to sell those extras above 1.4900 and 1.4950s)


GBPUSD

The pair moved higher mid Oct, around 15th, and never looked back. The only setback caused by the unexpected GDP numbers gave opportunity to buy the dips.

Strat: Keep long - buy dips


USDJPY

Like all other JPY crosses, is in bear trend since the sell-off late Oct.

Strat: Keep short - sell highs (Sold quotes above 90.50s, especially when came close to 91 and higher, looking to cash those extra positions around/below 89.50s and 89)


Thats it for now - do not miss the big picture and trends when looking intraday
Quoting preneur
USDJPY

Similar to the setup and opportunity over at EURJPY and GBPJPY (and most other JPY crosses), with the recent weakness of JPY, the pairs moved higher. However, they are still in the downtrend region.

With RR1, it could pay to short from here, to profit for around 100+ points.
TARGET HIT (At around 89.30-40s) -> Ca$hed 100+ points


The trend is down. Holding the initial trend positions; wait for a retrace to enter short above 90.30s to cash 100+ points extra.
Quoting preneur
GBPUSD

Pair reached back enough to enter more longs; could be another swing down, but believe that the extra long from here will pay fine -> look to cash above 1.68
TARGET HIT (at around 1.6730s) -> Ca$hed 150+ points

I believe GBP is acting stronger stronger than EUR, and never turned to bear since move higher on Oct 15th. Since than, gave 3-4 chances to enter the extra longs on the dips, the last one being on 11/11/09 US session to 11/12/09 US Session. The extra longs taken around 1.6530-50s paid well.


The trend is up. Even though closed the extra longs during Asian open today, still holding the trend position. Wait for dips to enter extra longs for another possible 150+ points.
GBPUSD

An update...

The pair's base is building at around 1.6430-50s in my opinion, and will support the bull move.

Try to make moves on the bull side above that level. Shorts will only play with a decisive move below 1.6400s.

In the mean time, buy dips, sell highs, and keep those discrete longs with the trend.
EURJPY

Well, this pair has been in the down trend since the decisive move lower below 135.50-70s on Oct 28th, and began a sideways actions since last 2-3 weeks.

Still in the bear trend. Gave chance to take extra shorts at above 134.70s-135, with total points ca$hed around 500+ during this sideways action.

Waiting for a retrace to/around 135 level to take more shorts (more riskier but early short could be taken at around 134 - 134.30s, to ca$h around 132.70s).

I believe the pair will stay in bear trend for the time being; 136 and above will act as the ceiling.
EURCAD

The pair is in the bear trend...


And with the recent sideways action, and the spike from last US Session, there is an opportunity, for risk lovers, with around RR:1

Short the extra and target 1.5550s for around 150+ points
EURUSD

The pair pulled back, and for risk lovers, provides an entry point for the new longs. RR is slightly greater than 1, targetting above 1.5050 for ca$h point.

It looks like if we get quotes around 1.4850s, there would be opportunity with RR>1 to cash above 1.50, which would probably pay out fine.

Trend is long.
USDCHF

The pair spiked higher, and it could pay well to enter the extra short/shorts from here, around 1.0150-60s, targeting 1.0050s and below; RR>1
USDCAD & EURCAD

CAD loss caused spike in CAD cross currency. Opportunities with RR>1 could pay well. Extra shorts could be coming into market in US session and during the next few sessions. USDCAD targetting 1.0420s and lower; no reverse (longs) insight up until a decisive move above 1.0750s.
EURCHF

Pair has been in a sideways move since last week's massive spike and seesaw action. Still in bear trend.

Chance to add extra shorts around 1.5115, with RR:1, to ca$h at/around 1.5080s. It could pay fine from these levels. Pair is still struggling to move above 1.5140s
GBPAUD

Even though we see the clear downside move in EURAUD, GBP's recent strength is calling for caution. GBPAUD has rallied higher, and is signalling a possible reversal if buyers continue to come onboard; causing a decisive move above 1.8220s.

Until then, its safe to say the bear trend is still in play; hence it might pay well to add those extra shorts from these levels, with RR>2 as of now. 1.78 and lower quotes might be good targets to ca$h later on.
Quoting preneur
EURUSD

The pair pulled back, and for risk lovers, provides an entry point for the new longs. RR is slightly greater than 1, targetting above 1.5050 for ca$h point.

It looks like if we get quotes around 1.4850s, there would be opportunity with RR>1 to cash above 1.50, which would probably pay out fine.

Trend is long.

The pair has established a good base right around 1.48 now. It it signalling a possible reversal if USD pushes EUR lower with a decisive move below 1.4790s.

However, in the mean time, each and every long is in play, including the extra ones opened around 1.4850s and 1.4930s. Ca$h points are above 1.50.

Right now RR>2, and since we are close to the base, it could pay well to add extra longs.
Hi, can i ask you how big is your SL?
Quoting carrot_yuli
Hi, can i ask you how big is your SL?
It depends, and no set number. There could be more than one position open at a time on a given pair, hence no definite answer.

But, for each new position, opened in the direction of the trend, which i call the 'extra' position, RR>=1; which is usually around 150 points for EURUSD, between 150-200 for GBPUSD, etc.

Hope that helps
Quoting preneur
GBPUSD

An update...

The pair's base is building at around 1.6430-50s in my opinion, and will support the bull move.

Try to make moves on the bull side above that level. Shorts will only play with a decisive move below 1.6400s.

In the mean time, buy dips, sell highs, and keep those discrete longs with the trend.
GBPUSD

After three days of the update above, the pair has come down enough to add the extra long position, at around 1.6720s. For increased RR, it might be better to wait for quotes below 1.67, and around 1.6670s to enter the position. Targeting 1.6920s and above to ca$h the extras. RR=1
I have found little success in the stability of the EUR for continuation trends, however any JPY pair seems to do a nice FIB retracement/pause before an easy to read fib extension. I think there are too many automated trading systems that are pushing the EUR from the big dogs.
Quoting preneur
GBPUSD

After three days of the update above, the pair has come down enough to add the extra long position, at around 1.6720s. For increased RR, it might be better to wait for quotes below 1.67, and around 1.6670s to enter the position. Targeting 1.6920s and above to ca$h the extras. RR=1
Can you clarify your system?
For GU you wait for it to retrace and buy @1.6700 with RR=1 and target 1.6920 which means you'll get 220points. So in this case your SL is 220points too?
Thanks for the answer
Quoting carrot_yuli
Can you clarify your system?
For GU you wait for it to retrace and buy @1.6700 with RR=1 and target 1.6920 which means you'll get 220points. So in this case your SL is 220points too?
Thanks for the answer
When I spot a trend, i keep couple of positions in the direction, and never touch them. Until the trend changes.

For the other positions, RR has to be >= 1 to take the extra position, and these extra positions are cashed when target hits. This way will give you a chance to profit even in non-trending markets, and will also keep you in your original position.
Quoting preneur
When I spot a trend, i keep couple of positions in the direction, and never touch them. Until the trend changes.

For the other positions, RR has to be >= 1 to take the extra position, and these extra positions are cashed when target hits. This way will give you a chance to profit even in non-trending markets, and will also keep you in your original position.
How do you spot a trend and a change in trend? For EU its very clear now that the trend is up but in march its the early of an uptrend and we don't know that. What time frame do u use?
Do you take CT trade too for the extra position?
Quoting carrot_yuli
How do you spot a trend and a change in trend? For EU its very clear now that the trend is up but in march its the early of an uptrend and we don't know that. What time frame do u use?
Do you take CT trade too for the extra position?
I can't say i look at a single time frame to spot a trend; i look at 4hr, daily and weekly, sometimes even monthly. But i can definitely say i do not look at hourly, nor 30min etc, which will never show you the trend direction.
0 traders viewing now