Trend Trading All Pairs | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading correlation pairs by using the other pairs 843 replies

28 Pairs Trading Panel (Multi-pairs) 0 replies

Export All pairs or selected pairs to .csv with script 3 replies

Daily Bar Analysis - All Pairs/All Welcome 15 replies

Trend Trading All Currency Pairs 3 replies

Attachments: Trend Trading All Pairs
Exit Attachments

Trend Trading All Pairs

  • #81
  • Nov 29, 2009 5:10pm Nov 29, 2009 5:10pm
good job thanks
  • #82
  • Nov 29, 2009 5:21pm Nov 29, 2009 5:21pm
Quoting NightMoves
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.
NightMoves, mate as I am just starting out and lost lots of money as I said about 5k loss now. I went back and read this post and it make total sense.

I am going to be watching this thread, and also testing your system. It seems like a sure winner to me if we are trending, but if we are going sideways there might be some problems. But other than that...great stuff NM. Cant wait to try this out, I am sick of losing money.

I think you are after the breakouts of the longer term trends, that last days, not just the trends that last hours...am I correct?

thanks for the tips again NM
  • #83
  • Nov 29, 2009 5:32pm Nov 29, 2009 5:32pm
Quoting jesterx
NightMoves, mate as I am just starting out and lost lots of money as I said about 5k loss now. I went back and read this post and it make total sense.

I am going to be watching this thread, and also testing your system. It seems like a sure winner to me if we are trending, but if we are going sideways there might be some problems. But other than that...great stuff NM. Cant wait to try this out, I am sick of losing money.

I think you are after the breakouts of the longer term trends, that last days, not just the trends that last hours...am I...
Hi Jesterx,
Yes you are correct, I look for trends on any 30 TF and larger. The longest I have held any position is about 6 weeks. But yes any trend works for me as long as the trend meets the criteria of the system, I really like to see the harmonic bounces of the area of dynamic S/R which is the 30 and 50 MA.

Sometimes it takes a while for the setups to take place but the wait can certainly be worth it
  • #84
  • Nov 29, 2009 5:37pm Nov 29, 2009 5:37pm
Quoting NightMoves
Hi Jesterx,
Yes you are correct, I look for trends on any 30 TF and larger. The longest I have held any position is about 6 weeks. But yes any trend works for me as long as the trend meets the criteria of the system, I really like to see the harmonic bounces of the area of dynamic S/R which is the 30 and 50 MA.

Sometimes it takes a while for the setups to take place but the wait can certainly be worth it

Thanks each time I read your replies it make more and more sense. Thanks for getting back so quick and for clearing things up.

A patient trader is a profitable trader. Thanks again, i will let you know how I go.
  • #85
  • Nov 29, 2009 5:40pm Nov 29, 2009 5:40pm
Quoting jesterx
NightMoves, mate as I am just starting out and lost lots of money as I said about 5k loss now. I went back and read this post and it make total sense.

I am going to be watching this thread, and also testing your system. It seems like a sure winner to me if we are trending, but if we are going sideways there might be some problems. But other than that...great stuff NM. Cant wait to try this out, I am sick of losing money.

I think you are after the breakouts of the longer term trends, that last days, not just the trends that last hours...am I...
Actually the sideways markets are the easiest to trade as long as BPC happens in the direction of the main trend. They are easiest to spot and the easiest to trade I think.
  • #86
  • Nov 29, 2009 5:47pm Nov 29, 2009 5:47pm
What is BPC?

Where are your alarms set?


From what I see most gaps were filled pretty quickly.

Have you ever found a GAP STRATEGY.

Tonites gaps would have made good trade for about 150 pips between the 12 pairs imho.
  • #87
  • Nov 29, 2009 5:47pm Nov 29, 2009 5:47pm
Quoting NightMoves
Actually the sideways markets are the easiest to trade as long as BPC happens in the direction of the main trend. They are easiest to spot and the easiest to trade I think.
I am guessing this is because support and resistance are more solid.

SO you will get your breakdown from resistance, then you get your 1, 2 in which 2 looks like another chance to break in the other direction but was infact really just a head fake then back in the other direction to complete the sideways move.

so you are still using your 1,2 3 continuation patterns here..hmmm intresting.
  • #88
  • Nov 29, 2009 5:54pm Nov 29, 2009 5:54pm
Maybe this is the BPC I have been waiting for on the E/U perhaps this will go during the asian session?
Attached Image (click to enlarge)
Click to Enlarge Name: possible trade setting up.gif Size: 23 KB
  • #89
  • Nov 29, 2009 5:57pm Nov 29, 2009 5:57pm
Quoting NightMoves
Maybe this is the BPC I have been waiting for on the E/U perhaps this will go during the asian session?
so you reckon this is worth a dig around teh 5015 level.???
  • #90
  • Nov 29, 2009 6:02pm Nov 29, 2009 6:02pm
Most of the pairs that GAP UP , have now drop and are down from the open.

While most of the pairs that GAP DOWN are now up from the open price.

10-30 pips.
  • #91
  • Nov 29, 2009 6:04pm Nov 29, 2009 6:04pm
Quoting NightMoves
Maybe this is the BPC I have been waiting for on the E/U perhaps this will go during the asian session?


So your target here i s1.4900 correct?
  • #92
  • Nov 29, 2009 6:08pm Nov 29, 2009 6:08pm
Quoting kingrex
Most of the pairs that GAP UP , have now drop and are down from the open.

While most of the pairs that GAP DOWN are now up from the open price.

10-30 pips.
Yep thats pretty normal for this session, I really do not anticipate any of my setups to mature if they are going to at all until the London session opens. You never know about this market, thats why you wait for the setups to materialize, because some times the pull back just never stops.

The E/U round number 1.500 has held again I presume it will until the big sessions start....then we will get an idea of which way this market is going to go.
  • #93
  • Nov 29, 2009 6:11pm Nov 29, 2009 6:11pm
But I have my alarms set just in case I am wrong and something great happens during this session...
  • #94
  • Nov 29, 2009 6:12pm Nov 29, 2009 6:12pm
Quoting NightMoves
Yep thats pretty normal for this session, I really do not anticipate any of my setups to mature if they are going to at all until the London session opens. You never know about this market, thats why you wait for the setups to materialize, because some times the pull back just never stops.

The E/U round number 1.500 has held again I presume it will until the big sessions start....then we will get an idea of which way this market is going to go.

With falling MACD on the 4hr chart it is possble that 1.5000 is where the E/U has ran out of steam. However like you said anything can happen and it best to wait for the system to tell us the directon. no prediction!
  • #95
  • Nov 29, 2009 6:43pm Nov 29, 2009 6:43pm
Quoting kingrex
With falling MACD on the 4hr chart it is possble that 1.5000 is where the E/U has ran out of steam. However like you said anything can happen and it best to wait for the system to tell us the directon. no prediction!
The MACD can be a good indicator and I have used those indicators like the MACD, RSI, Stochastics and such but it seem because of the lag time one will be telling you to go long and the other go short and the next says I have no idea...LOL So I have not traded with those indicators in 4 years or so.. but some people have great success with them. And if they are working for you then why change?

I just feel that live price action has the least amount of lag time but if the indicators do work for you then heck I would keep on using them.
  • #96
  • Nov 29, 2009 6:47pm Nov 29, 2009 6:47pm
The E/U just keeps hammering at that 1.500 invisible barrier, I just hope it does not run out of steam and gives up.
  • #97
  • Nov 29, 2009 6:51pm Nov 29, 2009 6:51pm
Quoting kingrex
With falling MACD on the 4hr chart it is possble that 1.5000 is where the E/U has ran out of steam. However like you said anything can happen and it best to wait for the system to tell us the directon. no prediction!
Yep it is really impossible to guess this market consistantly, if you are right and it has run out of steam then I will wait for another setup, sooner or later it will tell us if it has anything left to give to this uptrend....
  • #98
  • Nov 29, 2009 7:01pm Nov 29, 2009 7:01pm
Quoting kingrex
So your target here i s1.4900 correct?
Well what I am looking for is run above 1.500 I have my horizontal line set at 1.49 because once I get it on the gridline it is really hard to get off of there...LOL. But I use the ADR to help set my targets, at least for the first half of the trade, and from there I will search again for S/R lines to set TP and such...
  • #99
  • Nov 29, 2009 7:16pm Nov 29, 2009 7:16pm
The CHFJPY is one I have on my list and if you look at the 1 hr TF you see it is reaching for the 100 MA and an area of resistance, if it breaks that resistance then the 1 hr TF setup will be pretty much invalid, and I will wait for the setup to come back the dynamic S/R on the 4 hr TF which at this point is a ways off, so again the longer TF may prevail, but thats ok it would be nice to take trade based off the 1 HR TF but also I am in no hurry and will wait for it to get back where it has a better chance of a reversal if needed.
  • #100
  • Nov 29, 2009 7:18pm Nov 29, 2009 7:18pm
And because I was on the phone I missed my entry on the E/U....
14 traders viewing now