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Trend Trading All Pairs

  • #61
  • Nov 29, 2009 9:27am Nov 29, 2009 9:27am
Hi Nightmoves , great thread and a well explained system.
A simple set up with just enough thinking and patience involved to implement a trade,perfect for a newbie like me.
Will follow this thread with interest.
  • #62
  • Nov 29, 2009 9:41am Nov 29, 2009 9:41am
Yes I couldnt agree more,,,,Taking entrys on pullbacks with s/r and round #s as a guide to minimizing your risk and letting the trend carry you to you takeprofits,,,Also working with the higher timeframes gives you more time to analyze the full picture...Thanks again,,,
  • #63
  • Nov 29, 2009 10:36am Nov 29, 2009 10:36am
Quoting piptalk
Yes I couldnt agree more,,,,Taking entrys on pullbacks with s/r and round #s as a guide to minimizing your risk and letting the trend carry you to you takeprofits,,,Also working with the higher timeframes gives you more time to analyze the full picture...Thanks again,,,
Here is a good example this is AUDCAD pair and on the daily chart it looks like it could be getting ready to reach for newer highs after bouncing off the trend line, but if you look at the weekly chart it looks like it may have formed a double top. So this is a pair I would not trade just yet until we know the trend is going to continue..so it bears some watching..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily trend.gif Size: 21 KB
Click to Enlarge Name: double top possible.gif Size: 24 KB
  • #64
  • Nov 29, 2009 10:45am Nov 29, 2009 10:45am
Quoting Bumpy
Hi Nightmoves , great thread and a well explained system.
A simple set up with just enough thinking and patience involved to implement a trade,perfect for a newbie like me.
Will follow this thread with interest.
Hi Bumby,
Glad you like it hopefully everyone can gain from it.
  • #65
  • Nov 29, 2009 10:47am Nov 29, 2009 10:47am
Quoting NightMoves
Here is a good example this is AUDCAD pair and on the daily chart it looks like it could be getting ready to reach for newer highs after bouncing off the trend line, but if you look at the weekly chart it looks like it may have formed a double top. So this is a pair I would not trade just yet until we know the trend is going to continue..so it bears some watching..

Hi nightmoves, please tell me how to set the alarms you describe in MT4.

Or even if there is somewhere I can find a dasboard like the one you describe.

I just would really like to find a nice ADR alarm that rings when the conditions of the MA are met and the average daily range is in target.

For example if the conditions of the 1-2-3 are met and there are 100 pips left in the ADR. Does that make sense.

Tonight I plan to try and post entry prices for the 12 pairs I described earlier. I will use the 1-2-3 along with a breakout on the 4h to try and set good entry prices.

My goal is that we all can make at least 350pips tonight trading 12 pairs. What do you think?
  • #66
  • Nov 29, 2009 11:10am Nov 29, 2009 11:10am
Quoting kingrex
Hi nightmoves, please tell me how to set the alarms you describe in MT4.

Or even if there is somewhere I can find a dasboard like the one you describe.

I just would really like to find a nice ADR alarm that rings when the conditions of the MA are met and the average daily range is in target.

For example if the conditions of the 1-2-3 are met and there are 100 pips left in the ADR. Does that make sense.

Tonight I plan to try and post entry prices for the 12 pairs I described earlier. I will use the 1-2-3 along with a breakout on the 4h to...
Hi Kingrex,
I am not big one on trading the Asian sessions too much unless something great happens, it seems like it moves very slow however I have seen certain setups take off in that session.

As far as the dashboard I have never seen anything out there like it although their may be some things out there that are close.

The ADR concept you mentioned is exactly what I am talking about that is how I use it, and the indicator I posted will give you the same ADR as the one I have in the upper left corner of my charts although it shows at the bottom of the chart, knowing the current days range is another big plus I have my charts showing the days range in a grey shaded area, along with the ADR in the upper left corner of the charts it also shows the current days range in the same area of the chart, the indicator I posted will tell you how much room is left going up and down and will show you the current days range as well.

Metatrader has alarms that you can set and I use them quite often so I do not have to sit right by the computer babysit the charts.

In metatrader if you open the terminal and then click to the alarms tab at the bottom, you can right click in that tab and create and alarm based on price. You can also edit the price and delete the alarm if you so chose. You can use the default alarm or create your own audio alarm.
  • #67
  • Nov 29, 2009 11:14am Nov 29, 2009 11:14am
The Metatrader tab is called Alerts not alarms, my mistake...but it is a tab at the bottom of the charts when you open the terminal.
  • #68
  • Nov 29, 2009 11:26am Nov 29, 2009 11:26am
In metatrader you can also shift your chart where you want it. There is a small arrow at the top of the chart you can hold the mouse button down and slide the chart where you want it to be by moving the arrow one way or the other.
Attached Image (click to enlarge)
Click to Enlarge Name: chart shifting.gif Size: 43 KB
  • #69
  • Nov 29, 2009 12:04pm Nov 29, 2009 12:04pm
Great system thank you very much for sharing good system it seems..
I am having trouble with downloading daily range indicator that you posted. I mean I downloaded it but its nor showing on my MT4 platform...so can you help me please?

thank you
  • #70
  • Edited 12:13pm Nov 29, 2009 12:12pm | Edited 12:13pm
Quoting zilijen
Great system thank you very much for sharing good system it seems..
I am having trouble with downloading daily range indicator that you posted. I mean I downloaded it but its nor showing on my MT4 platform...so can you help me please?

thank you
After you dowload the indicator to your indicator folder in MT4 then you need to restart MT4 and then just drag it on your chart.
  • #71
  • Nov 29, 2009 12:47pm Nov 29, 2009 12:47pm
Quoting zilijen
Great system thank you very much for sharing good system it seems..
I am having trouble with downloading daily range indicator that you posted. I mean I downloaded it but its nor showing on my MT4 platform...so can you help me please?

thank you
I had a lot of trouble using that file as well.... but after enough effort and trial and error it works! Anyway, if you need any more help with it let me know and I'll give you a hand with it.

Aaron
  • #72
  • Nov 29, 2009 12:51pm Nov 29, 2009 12:51pm
Quoting Aarons
I had a lot of trouble using that file as well.... but after enough effort and trial and error it works! Anyway, if you need any more help with it let me know and I'll give you a hand with it.

Aaron
Really all you need to do is place it in your indicator folder then restart MT4 and it should work, I think anytime you place a new indicator in that folder you have to restart MT4 to be able to see them in the folder.
  • #73
  • Nov 29, 2009 12:52pm Nov 29, 2009 12:52pm
thank you it works now. can you explain this indicator little bit please? sorry I am quite new
  • #74
  • Nov 29, 2009 12:53pm Nov 29, 2009 12:53pm
Quoting zilijen
thank you it works now. can you explain this indicator little bit please? sorry I am quite new
Which indicator did you download the grid or the ADR?
  • #75
  • Nov 29, 2009 12:59pm Nov 29, 2009 12:59pm
ADR
  • #76
  • Nov 29, 2009 1:03pm Nov 29, 2009 1:03pm
Quoting zilijen
thank you it works now. can you explain this indicator little bit please? sorry I am quite new
Ok I looked back in the thread and found the one you downloaded, what it gives you a lot of information what matches my indicator is the "Previuos 10 Day" that is within a pip of what my indicator shows, and the current days range in the indicator shows the pips high and low, you would have to subtract the high and low to get the actual number of pips it moved so far. I just happened to come across that indicator and I have not personally used but it had the ADR and current days range so I posted it here. The one I am using is copyrighted so I can not post it or I would. But the one I posted on this thread should work as the numbers are the same as mine.
  • #77
  • Nov 29, 2009 4:00pm Nov 29, 2009 4:00pm
Well guys,
here is what I am watching today anyway, lets see how it goes!
Attached Image (click to enlarge)
Click to Enlarge Name: daily picks.gif Size: 90 KB
  • #78
  • Nov 29, 2009 4:27pm Nov 29, 2009 4:27pm
Quoting NightMoves
Well guys,
here is what I am watching today anyway, lets see how it goes!

Ok from what I see ( Forex.com ) at the open the following pairs have GAP UP

USDJPY

Friday close - 86.56
Sunday open - 86.86

AUDUSD

Friday close - 0.9073
Sunday open - 0.9130

EURJPY

Friday close - 129.53
Sunday open - 130.39

GBPJPY

Friday close - 142.56
Sunday open - 143.37

GBPCHF

Friday close - 1.6562
Sunday open - 1.6579

EURUSD

Friday close - 1.4968
Sunday open - 1.5008

GBPUSD

Friday close - 1.6468
Sunday open - 1.6506


These are the pairs that GAP DOWN on tonites open.

USDCAD

Friday close - 1.0614
Sunday open - 1.0584

USDCHF

Friday close - 1.0051
Sunday open - 1.0042

EURAUD

Friday close - 1.6481
Sunday open - 1.6429

Now I will wait for the 4hr candle to close to getan idea of where the trend will go. Once that happens I will post my entry and SL to the group for you to confirm.
  • #79
  • Nov 29, 2009 4:30pm Nov 29, 2009 4:30pm
Quoting kingrex
Ok from what I see at the open the following pairs have GAP UP

USDJPY

Friday close - 86.56
Sunday open - 86.86

AUDUSD

Friday close - 0.9073
Sunday open - 0.9130

EURJPY

Friday close - 129.53
Sunday open - 130.39

GBPJPY

Friday close - 142.56
Sunday open - 143.37

GBPCHF

Friday close - 1.6562
Sunday open - 1.6579

EURUSD

Friday close - 1.4968
Sunday open - 1.5008

GBPUSD

Friday close - 1.6468
Sunday open - 1.6506


These are the pairs that [color=red][b]GAP...
The pairs on my list are pretty wild tonight...
  • #80
  • Nov 29, 2009 5:07pm Nov 29, 2009 5:07pm
Looks like things are slowing down a little and maybe now it can get organized and all the prices set for the opening of the London session, I have set my alarms so now I can just sit back and wait for the alarms to go off.
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