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Trend Trading All Pairs

  • #481
  • Dec 7, 2009 9:06am Dec 7, 2009 9:06am
Quoting francis2
Hi NM

Came across your thread a day or two ago thought i recognized Hectorstyle I took his course i think a year or so ago I never did get his indicators working they just froze up mt4 couldnt get rid of them and had to delete platform and reload would be handy to know why' didnt really get answer from hector, Im running XP, tried it on another computer it wouldnt cooperate either either, anyway I use his style but on M5 with M1 as trigger I watch 6 low spread pairs spreadbetting in uk it works well for me as I cant handle larger stoplosses with...
Hi francis,
Nice to have you here,
Yes it is not hard to recognize the ol'reliable Hector Method of trading, it has worked for me over the last several years for sure. My chart and a few others out here have basically the same indicators riding on them so his charts are pretty easy to spot.

I pretty much trade the way he desribes it not many differences on that respect.

--NM
  • #482
  • Dec 7, 2009 9:14am Dec 7, 2009 9:14am
Hello NM,

New to this thread, been reading about what your sharing and hope to learn it.

In the picture you posted, I see the MA's not clearly pointing to trend direction and with it pulling back to the trend, it would seem would only further the MA movement upward. AM I viewing them incorrectly?

In the case of Yen pairs, is there a need to consider bank intervention.

I appreciate not only the fact that you have been sharing your information, but how. You are putting a lot of time in to replies and you have set a great tone to other communications.

Thank you!
BR


Quoting NightMoves
This pair could drop for a while it came up fast so this is not really a suprise but Iwill just watch it and see how it reacts when the retracement gets to those levels. Here is the 4hr chart.

--NM
  • #483
  • Dec 7, 2009 9:35am Dec 7, 2009 9:35am
Quoting Big1red9
Hello NM,

New to this thread, been reading about what your sharing and hope to learn it.

In the picture you posted, I see the MA's not clearly pointing to trend direction and with it pulling back to the trend, it would seem would only further the MA movement upward. AM I viewing them incorrectly?

In the case of Yen pairs, is there a need to consider bank intervention.

I appreciate not only the fact that you have been sharing your information, but how. You are putting a lot of time in to replies and you have set a great tone to other communications....
Hi BR and welcome to the thread,
The chart I posted was a longer time frame than the trend I was trading was on only to get a better look at the overall picture and look for longer term support and resistance that might get in the way of the smaller TF trend we were trading. We were actually trading the hourly time frame as that is where the tend was tradeable.

As far as bank intervention anytime they get involved they move the market for sure of course they could move it in a direction contrary to the direction you are trading. I am not sure exactly when they would jump in but I do know they have done it before.

I basically just look at the calendar for the day and see if any news is coming out that I should not be playing around with, I do not trade news at all I wait until after the dust settles then look things over from there.

--NM
  • #484
  • Dec 7, 2009 9:51am Dec 7, 2009 9:51am
I agree, thank you for this thread and taking the time to respond to our questions NM! I stumbled on your thread Friday and spent the afternoon reading through all the pages. I am very interested in learning the proper way to trade this system.

pipnut
Even a blind squirrel finds a nut sometime.
  • #485
  • Dec 7, 2009 10:02am Dec 7, 2009 10:02am
Quoting Pipalicious
Out of curiosity, whats the difference between his HectorTrader course and his LearnForexLive course?

Anyone know?
I am not sure what the difference is sounds like he added more methods like counter trend trading and such and a new trendlord indicator but I have not tried it I do have it but I have never used it for trading. That indicator he is giving away for free but other than I am not sure what the difference is.

--NM
  • #486
  • Dec 7, 2009 10:04am Dec 7, 2009 10:04am
Quoting pipnut
I agree, thank you for this thread and taking the time to respond to our questions NM! I stumbled on your thread Friday and spent the afternoon reading through all the pages. I am very interested in learning the proper way to trade this system.

pipnut
What I would do if you have not yet is check out his website and watch the videos in the first chapter they are all free and there is a lot of them, that is the method behind this system, the guy really knows how to trade.

--NM
  • #487
  • Dec 7, 2009 10:17am Dec 7, 2009 10:17am
NM,

I must not be clear on the trend identification point......

So it is valid to trade with the trend being clear on a 1 hr chart, with a 4 hr not being so clear?

If I understand the above correctly, what is the shortest time-frame chart that can be traded with success?

Thank you,
BR

Quoting NightMoves
Hi BR and welcome to the thread,
The chart I posted was a longer time frame than the trend I was trading was on only to get a better look at the overall picture and look for longer term support and resistance that might get in the way of the smaller TF trend we were trading. We were actually trading the hourly time frame as that is where the tend was tradeable.

As far as bank intervention anytime they get involved they move the market for sure of course they could move it in a direction contrary to the direction you are trading. I am not sure...
  • #488
  • Dec 7, 2009 10:26am Dec 7, 2009 10:26am
Quoting Big1red9
NM,

I must not be clear on the trend identification point......

So it is valid to trade with the trend being clear on a 1 hr chart, with a 4 hr not being so clear?

If I understand the above correctly, what is the shortest time-frame chart that can be traded with success?

Thank you,
BR
BR,
Yes it is valid to trade the 1h with the 4 hr not being clear, however you must make certain that there is no longer term S/R in the way of your targets. Any time frame can be traded but targets must be set accordingly, if you were trading the 1 hr TF then of course you would not enter a trade using targets that would be for a daily chart, this is an extreme example but you get the idea.

I do not trade any time frame less than 30 minutes but that is my presonal rule, there is a post out there and he states he uses it on the 5 min and 1 min charts and has been for about a year.

So any time the conditions are met for determing a tradeable trend it can be traded, but look at the longer TF before entering the trade to get a bigger overall picture of the S/R levels.

--NM
  • #489
  • Dec 7, 2009 10:33am Dec 7, 2009 10:33am
Quoting NightMoves
What I would do if you have not yet is check out his website and watch the videos in the first chapter they are all free and there is a lot of them, that is the method behind this system, the guy really knows how to trade.

--NM
NM-

True, I listened to all his website videos over the weekend and some more on youtube as well. The problem I have is looking at the PA at the right side of the chart as the setup and entry enfolds real time. Looking at a chart that has already moved past the entry point is a lot easier to visualize but not the same as real time. Some of his youtube videos follow a trade start to finish so I am going to review some more of those this afternoon.

pipnut
Even a blind squirrel finds a nut sometime.
  • #490
  • Dec 7, 2009 10:36am Dec 7, 2009 10:36am
Quoting pipnut
NM-

True, I listened to all his website videos over the weekend and some more on youtube as well. The problem I have is looking at the PA at the right side of the chart as the setup and entry enfolds real time. Looking at a chart that has already moved past the entry point is a lot easier to visualize but not the same as real time. Some of his youtube videos follow a trade start to finish so I am going to review some more of those this afternoon.

pipnut
Yes I would watch as many of his videos as you can he has a ton of them, and it is so much easier when you watch the whole thing setup live as opposed to just looking at the charts that have setups on them.

As they say the left side of the chart is the easiest to trade...

--NM
  • #491
  • Dec 7, 2009 11:04am Dec 7, 2009 11:04am
OK, I know you are following the chfjpy pair. Yesterday we were looking at the H1 for a possible entry long. Overnite PA moved thru the 50 SMA (thru 100 now). At this point, went to the H4 chart to see how price reacts at the 30-50 SMA range to see if it rebounds there or continues south?

pipnut
Even a blind squirrel finds a nut sometime.
  • #492
  • Dec 7, 2009 11:31am Dec 7, 2009 11:31am
Quoting pipnut
OK, I know you are following the chfjpy pair. Yesterday we were looking at the H1 for a possible entry long. Overnite PA moved thru the 50 SMA (thru 100 now). At this point, went to the H4 chart to see how price reacts at the 30-50 SMA range to see if it rebounds there or continues south?

pipnut
The trend on the CHFJPY was basically on the 1hr TF, and the 4hr and daily chart was used to define the major resistance levels, as you know the longer time frame S/R level are the one that usually dictate. And as you can see by my charts and the lines drawn on those that we had a lot of resistance to get through, and this pullback was kind of expected, but now that 100 MA has been breached, I would consider this particular trend in serious trouble and it may have given us as many pips as it is going too for awhile.

So no problem now we look for other trends and setups and try and get some pips from those. As of right now I am looking at the 30 min chart of the G/U pair for possible shorts on that pair.

--NM
  • #493
  • Dec 7, 2009 11:45am Dec 7, 2009 11:45am
Quoting NightMoves
The trend on the CHFJPY was basically on the 1hr TF, and the 4hr and daily chart was used to define the major resistance levels, as you know the longer time frame S/R level are the one that usually dictate. And as you can see by my charts and the lines drawn on those that we had a lot of resistance to get through, and this pullback was kind of expected, but now that 100 MA has been breached, I would consider this particular trend in serious trouble and it may have given us as many pips as it is going too for awhile.

So no problem now we look...
And I may have to move my setup chart to the hourly chart...and watch it some more the ADR has basically been reached for the day and it there were still pips left for this to go again but anything can happen so I will just wait and see if I get a good setup and see if I can get some pips out of this.

--NM
  • #494
  • Dec 7, 2009 11:53am Dec 7, 2009 11:53am
Here is the daily chart of the USDCAD pair, which might also be almost ready give way to some pippage. I think if we break that lower trend line it is pretty clear sailing for a while. But also we are in December and these markets can get pretty choppy.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 26 KB
  • #495
  • Dec 7, 2009 12:14pm Dec 7, 2009 12:14pm
Hi Guys

Noticed this tread last night and thought id post with a screenshot of my 5m strategy.

Instead of the 30, 50 & 100 SMA`s I use the 20 (5m 20), 60 (15m20) and 240 (60m 20) EMA`s combined with 2 ccis. The 63 cci is basically telling me which way you should be trading ie. 5m/15m 20 crossover. I use the 4cci as my trigger to enter.

As you can see there where at least 6 good entries today so far - I took 4 of them.

Regards

Dave
Attached Image (click to enlarge)
Click to Enlarge Name: my 5m strat071209.jpg Size: 189 KB
  • #496
  • Dec 7, 2009 12:26pm Dec 7, 2009 12:26pm
NM i have been watching aud/usd on a 1 hr time frame do you think this trend to premature? all the MA just started pionting down. Thank you for this thread and your help

chris
Chris
  • #497
  • Dec 7, 2009 12:35pm Dec 7, 2009 12:35pm
Quoting rossobonks
Hi Guys

Noticed this tread last night and thought id post with a screenshot of my 5m strategy.

Instead of the 30, 50 & 100 SMA`s I use the 20 (5m 20), 60 (15m20) and 240 (60m 20) EMA`s combined with 2 ccis. The 63 cci is basically telling me which way you should be trading ie. 5m/15m 20 crossover. I use the 4cci as my trigger to enter.

As you can see there where at least 6 good entries today so far - I took 4 of them.

Regards

Dave
Hi Dave,
Thanks for sharing, I myself am not a scalper and only trade the trends and in the direction of the trade, I do know some are pretty good at scalping. And for those that are looking for a system I would say try several until you come across the one you like and the one that works for your style of trading. I think there are a lot of good systems out there if the rules are followed, and every trader has their bullets so to speak.

--NM
  • #498
  • Dec 7, 2009 12:40pm Dec 7, 2009 12:40pm
Quoting NightMoves
Hi Dave,
Thanks for sharing, I myself am not a scalper and only trade the trends and in the direction of the trade, I do know some are pretty good at scalping. And for those that are looking for a system I would say try several until you come across the one you like and the one that works for your style of trading. I think there are a lot of good systems out there if the rules are followed, and every trader has their bullets so to speak.

--NM
Hi NM,

So true about each trader has their bullets.

I guess its what makes one feel most comfortable with IMHO.

I see the potential in the 3SMAS, but i need to look further into it for it to truly convince me. No offense, im just being honest. I see it works really well for you.

Im based on trendlines and i see hectors view with regards to them being to "static" so to speak. But so far im doing well.

Im trying to combine them both into my mix and see how i go with it.

Thanks for your thread. Good info here
  • #499
  • Dec 7, 2009 12:43pm Dec 7, 2009 12:43pm
Quoting gctrading1
NM i have been watching aud/usd on a 1 hr time frame do you think this trend to premature? all the MA just started pionting down. Thank you for this thread and your help

chris
Hi Chris,
IMO I think that trend needs a little more history behind it before I would enter in to it. I looked at different TF of that pair and right now I think it needs a little more history. But it is one to keep a watch on and see if it starts getting into a nice trend type pattern. You may want to start watching that pair even on the smaller TF because sometimes what looks like a 1 hour TF trend might really be a 30 or 15 TF trend and develop a history a little quicker on those time frames.

--NM
  • #500
  • Dec 7, 2009 12:55pm Dec 7, 2009 12:55pm
Quoting Pipalicious
Hi NM,

So true about each trader has their bullets.

I guess its what makes one feel most comfortable with IMHO.

I see the potential in the 3SMAS, but i need to look further into it for it to truly convince me. No offense, im just being honest. I see it works really well for you.

Im based on trendlines and i see hectors view with regards to them being to "static" so to speak. But so far im doing well.

Im trying to combine them both into my mix and see how i go with it.

Thanks for your thread. Good info here
Hi Pip,
I totally agree with you, I only shared how I trade and what I am comfortable with and for me it works exceptionally well, and there are some traders out there that only trade with trendlines and nothing else at all. Its all about S/R in any solid trading method, and when trading a trend you already have the market on your side.

There are a lot of trading methods that can give good results, so really you just find a method you like and makes you money and then stick to it and do it over and over and over....

--NM
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