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Trend Trading All Pairs

  • #181
  • Nov 30, 2009 6:48pm Nov 30, 2009 6:48pm
Yes ,,,Its hard keep track of all pairs,,,Do you have a list of your favs?
  • #182
  • Nov 30, 2009 7:20pm Nov 30, 2009 7:20pm
Quoting piptalk
Yes ,,,Its hard keep track of all pairs,,,Do you have a list of your favs?
No not really, I just scan the charts in the morning on my market status template, that is the one I posted earlier and I look for the trends on all of those pairs then I pick out the ones that look like they have the best chance of offering a trade. Sometimes the setups get blown through and there is no trade. I am very picky about my setups once in the trade I let run until it runs out of gas. I just keep following it with a SL and once it looks like it is running out of steam I tighten it up a bit.

I do not trade any pair that has a spread larger than 7 pips, so that limits my pairs some but not a lot.
  • #183
  • Nov 30, 2009 7:25pm Nov 30, 2009 7:25pm
Hey There NightMoves,

First thing first! Good Job!!

Thank you for sharing with us your trading system. I have always been a huge fan of trading systems that utilizes trend lines and moving averages. One thing I find amazing is the way you used Round Numbers and ADR.

But I do have a few questions and I sincerely hope you can spare some of your time to help me out......

1) Why do you used Simple Moving Averages instead of Exponential MA's?

2) You mentioned in your previous post about the dynamic 30 to 50 MA....what does that mean? Does it mean to wait for the price to be between the 30 and 50 MA lines?

3) ADR.....is there a difference between ADR and Average True Range (ATR)? the reason I asked is becoz I have the ATR indicator in my MT4.

4) You also frequently mentioned "confluence of S/R"....can you please elaborate more on what that means?

5) and the last question.....i tried copying and pasting the Round Number Grid indicator into my MT4 indicator folder and restarting mt MT4 and yet it doesn't show....can yo help me out on that coz I totally agree with what you said about price action meeting heavy resistance and support in those areas...

so that's about it.

I do appreciate what you are doing for us newbies. It is glad to know that you have been trading for 4 years! Would love to hear from you soon!

Thanks!
Gp
  • #184
  • Nov 30, 2009 7:28pm Nov 30, 2009 7:28pm
Looks like all my yen cross pairs I am watching are getting into that decision taking area again. So I will certainly be watching these very close and looking for short entries if these last few Resistance levels hold.
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  • #185
  • Nov 30, 2009 7:31pm Nov 30, 2009 7:31pm
The nice thing about trading this method is the trend always comes back to these MA areas, all you have to do is just wait for it to come back, and see if it gets ready for another run.
  • #186
  • Nov 30, 2009 8:04pm Nov 30, 2009 8:04pm
Quoting gp75
Hey There NightMoves,

First thing first! Good Job!!

Thank you for sharing with us your trading system. I have always been a huge fan of trading systems that utilizes trend lines and moving averages. One thing I find amazing is the way you used Round Numbers and ADR.

But I do have a few questions and I sincerely hope you can spare some of your time to help me out......

1) Why do you used Simple Moving Averages instead of Exponential MA's?

2) You mentioned in your previous post about the dynamic 30 to 50 MA....what does that mean? Does...
Hi GP,
Answers to your Questions:
1.You could use Exponential moving averages and get very similar results. I was told that most of the bigger players use the SMA and not the EMA.

2. The Dynamic S/R means that it will move with the market, drawn trend lines however do not move with the market and markets are not perfect, the larger traders the ones that really control the movement of these markets like to place their trades in that area so that is the reason I look for entries on that area. It does not have to be between the 2 MA's but it needs to be near that area, and if it starts playing around with the hundred that is a sign it could be ruuning out of gas.

3. The ADR is average daily range and the ATR is the average true range. If you set your ATR to 30 and then switch to the daily chart you get a good idea of the average daily range it may not be exact but it is pretty close.

4. The confluence of S/R is multiple S/R lines in the area like Fibo numbers, previous swing lows or highs, the round number...etc so to make the setup that much stronger look for that conluence of S/R in the area you would expect the reversal to occur.

If you saved it in your indicator folder it should show up after you restart MT4. Also if your background is the same color as the grid you will not see it. You should be able to drag it on right on your chart.


Hope this helps!!

--NM
  • #187
  • Nov 30, 2009 10:21pm Nov 30, 2009 10:21pm
Hey NightMoves,

Thanks for the quick reply. I got the answers.

I am using your system now on cable usd...

I will attached the chart here....since this is my first time using this forum, i hope i can attach the chart correctly. It is a M30 chart of cable/usd.

i have four MA lines on it....namely 5(red),30(yellow),50(blue) and 100(white).

I am looking to short after the price crosses the blue line at 1.63792.

I welcome any comments.

Thanks and Best Regards,
Gp.
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  • #188
  • Dec 1, 2009 1:01am Dec 1, 2009 1:01am
Hey NightMoves and the rest of the guys here!

ok....i asked about the gbp/usd...that trade did not work out as it went back up...so i did not entered...luckily....good system prevents you from entering a false break and I guessed NightMoves criteria is solid here therefore it stops me from entering.

BUT...on the other hand...check this out!

I managed to make 50 pips today using NightMoves SMA strategy on the USD/CAD...

I will post the charts here so that we can all learn from it...

Till then, thanks again Night Moves and May Pips Be With You All

Regards,
Gp
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  • #189
  • Dec 1, 2009 2:22am Dec 1, 2009 2:22am
Great thread nightmoves - looking foward to your videos also.
  • #190
  • Dec 1, 2009 4:06am Dec 1, 2009 4:06am
very good thread. I have posted two charts of the EUR/GBP. the first is a 4hr chart with the trend being up and the next being 60min entry chart. Please let me know if i am understanding what you are doing correctly?
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Chris
  • #191
  • Dec 1, 2009 5:48am Dec 1, 2009 5:48am
Quoting gp75
Hey NightMoves,

Thanks for the quick reply. I got the answers.

I am using your system now on cable usd...

I will attached the chart here....since this is my first time using this forum, i hope i can attach the chart correctly. It is a M30 chart of cable/usd.

i have four MA lines on it....namely 5(red),30(yellow),50(blue) and 100(white).

I am looking to short after the price crosses the blue line at 1.63792.

I welcome any comments.

Thanks and Best Regards,
Gp.
HI GP,

Well I took at a the GBPUSD pair, and one of the rules to the system is to make sure yout MA lines are ]pointing in the same direction, parallel and in order. On my chart none of those lines meet meet the criteria for a good trending market like I like to trade, It does appear to be dropping of course, but without the nice harmonic bouncing off the dynamic S/R it can be a very sisky trade. I myself would pass on this until it gets organized a little better on one of th TF.

--NM
  • #192
  • Edited 6:22am Dec 1, 2009 6:07am | Edited 6:22am
Quoting gp75
Hey NightMoves and the rest of the guys here!

ok....i asked about the gbp/usd...that trade did not work out as it went back up...so i did not entered...luckily....good system prevents you from entering a false break and I guessed NightMoves criteria is solid here therefore it stops me from entering.

BUT...on the other hand...check this out!

I managed to make 50 pips today using NightMoves SMA strategy on the USD/CAD...

I will post the charts here so that we can all learn from it...

Till then, thanks again Night Moves and May Pips Be With...
GP nice trade on the cable, one thing to remember if your far away from the dynamic areas of support on your set up chart then just wait for it to comback to that area, sometimes the market breaks out with such momentum that in my opinion it is too fast, and I will wait for it to come back and to that decision taking area again. and then from the trigger chart which is a smaller time then I look for the entries based on the entry rules. But good job on the trade! and the TP point looks good based on the ADR if you are intraday trading. If you are going for the long haul then ADR is not really relevant but for intraday trading it works very good.

--NM
  • #193
  • Dec 1, 2009 6:20am Dec 1, 2009 6:20am
Quoting gctrading1
very good thread. I have posted two charts of the EUR/GBP. the first is a 4hr chart with the trend being up and the next being 60min entry chart. Please let me know if i am understanding what you are doing correctly?
Hello gctrading1 and welcome to the thread,
If you look at the SMA lines on the cableUSD you will see the lines are kind of going all directions and not really organized as of yet, also the 100 MA is not pointed in the same direction as the other 2 lines are, one of the rules is to make sure all the lines are pointed in the same direction, parallel and in order, meaning in a down trend for example, the 100 on top the 50 below it and the 30 below that,in an uptrend of course the order is reversed. On a fresh new trend I like to wait for the harmonic bouncing to occur even though it looks like the ines are starting to get oraganized they are not yet imo.

And once price starts getting near that 100 it may be time to rethink before taking any positions in the direction of the main trend. I really like to see the price in between the 30 and 50 and look for all the S/R to come together in that area, however that does not always happen sometimes if it near that area and the Confluence of S/R happens in the same area I will take the trade as well.

--NM
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  • #194
  • Dec 1, 2009 6:38am Dec 1, 2009 6:38am
Did anyone get in this trade? This is the E/U trade and I have my moved my SL to just above my BE and closed half the position. We are getting close to the ADR and may close it all together for today but I am going to watch a little more I am move SL to around that area of consolodation if it looks like it is running out of steam for today.

The ADR would take it to 1.5120 level but that 1.5100 RN may stop it from reaching that level, so iw ill watch it close as I do not want to give back my pips... This is the 1hr TF my trigger chart was the 15 min TF.

--NM
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  • #195
  • Dec 1, 2009 6:43am Dec 1, 2009 6:43am
Quoting NightMoves
Did anyone get in this trade? This is the E/U trade and I have my moved my SL to just above my BE and closed half the position. We are getting close to the ADR and may close it all together for today but I am going to watch a little more I am move SL to around that area of consolodation if it looks like it is running out of steam for today.

The ADR would take it to 1.5120 level but that 1.5100 RN may stop it from reaching that level, so iw ill watch it close as I do not want to give back my pips... This is the 1hr TF my trigger chart was the...
The first half of the trade went for +60 pips. Hopefully there is still some energy left as there are pips left on the ADR and I hope to get a few more of them, I will keep you posted on this trade one it is over and let you know how it went.

--NM
  • #196
  • Dec 1, 2009 6:53am Dec 1, 2009 6:53am
Well I closed it out, entirely, I figured taking the chance of giving back 40 pips to get 20 pips was not in the cards, another 20 pips a and we hit the ADR so I colsed it at 5090. So the first half netted +60 pips and the second half netted +52 pips. Better safe than sorry imo.

--NM
  • #197
  • Dec 1, 2009 7:12am Dec 1, 2009 7:12am
Here is another setup on my watch list that I am paying close attention too, I have been watching this on my list since Sunday, and maybe now it ready to make the another run to the down side.

It is making a nice turn right at the area I like to look for entries, there is a nice confluence of S/R as you can see I have it mapped out on my chart, this is the 4 hr TF. Hopefully this pair is about ready to give up some pips and continue in the Downward slide.
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  • #198
  • Dec 1, 2009 7:32am Dec 1, 2009 7:32am
Here are the trends and time frames they are in using the dashboard indicator, I have not looked at all of these but if anyone wants to check these pairs out here is what is showing up right now.

--NM
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  • #199
  • Dec 1, 2009 7:48am Dec 1, 2009 7:48am
Quoting Yebisu
Great thread nightmoves - looking foward to your videos also.
Yebisu,
Thanks I am glad you like it and welcome to the thread!!

--NM
  • #200
  • Edited 8:32am Dec 1, 2009 8:22am | Edited 8:32am
Quoting gp75
Hey There NightMoves,

First thing first! Good Job!!

Thank you for sharing with us your trading system. I have always been a huge fan of trading systems that utilizes trend lines and moving averages. One thing I find amazing is the way you used Round Numbers and ADR.

But I do have a few questions and I sincerely hope you can spare some of your time to help me out......

1) Why do you used Simple Moving Averages instead of Exponential MA's?

2) You mentioned in your previous post about the dynamic 30 to 50 MA....what does that mean? Does...
GP
If you want to learn all the ins and outs of this system I would recommend checking out Hectortraders website, I am not one to promote anything from anyone but this where I learned the system and there seems to be a lot of videos on youtube where other people are using this same method.

I gave some examples and such but there is a lot of good information about how to use this method to the max on his website. He actually offers a course in this sytem and I took the course and I have not looked back since.

I am showing my trades and entries on here but he has so many vidoes showing the potential for this system that it would take days to explain everything he covers. But he is the one that taught me this method of trading, I did a few refinements and added some of my own twists to it since then but it is a very good course I think. and even though I do not recommend any ones site or course or anything, his might be worth looking at.
And again that is one of the reasons I cannot upload any of these indicators I think he probabaly spent a great deal of money on these indicators and he offers them, however he is giving one out now and I downloaded it but I have not really tried it yet.

But I will keep posting setups and trades and hope you guys do too so we can all make some $$....

--NM
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