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Trend Trading All Pairs

  • #581
  • Dec 8, 2009 6:59am Dec 8, 2009 6:59am
ja5on : An action according to the rules = wise decision
  • #582
  • Edited 7:01am Dec 8, 2009 6:59am | Edited 7:01am
GbpUsd 15M Chart

pipnut
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Even a blind squirrel finds a nut sometime.
  • #583
  • Dec 8, 2009 7:04am Dec 8, 2009 7:04am
Quoting pipnut
Good Morning All!!

I closed 1/2 my position on that Aud/Usd at +30 this morning.

I missed the gbpusd though. It didn't setup and reach a trigger til 4AM.

pipnut
yes i also took my first half on that first swing
and then closed the rest this AM very well played pipnut.
Chris
  • #584
  • Dec 8, 2009 7:05am Dec 8, 2009 7:05am
Quoting pipnut
Good Morning All!!

I closed 1/2 my position on that Aud/Usd at +30 this morning.

I missed the gbpusd though. It didn't setup and reach a trigger til 4AM.

pipnut
Good Job Pipnut,
Sounds like your starting to score some pips with this.

--NM
  • #585
  • Dec 8, 2009 7:11am Dec 8, 2009 7:11am
Thanks NM!

Hats off to gctrading1 for pointing that one out last night, thanks!

Haven't been thru the charts yet, anything caught your eye for today NM?

pipnut
Even a blind squirrel finds a nut sometime.
  • #586
  • Dec 8, 2009 7:17am Dec 8, 2009 7:17am
We can have 2 opportunities to sell or buy based on this 3 trend lines.
If the market passes the first one after seeing an appropriate candle with good volume under this line the bearish position is acceptable.
passing the second one by a candle with good volume could cause a bullish movement between the second and the third lines.
considering john murphy low at entering both positions is important.
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There is no randomness. It is just Chaos, a higher form of order.
  • #587
  • Dec 8, 2009 7:22am Dec 8, 2009 7:22am
Quoting pipnut
Thanks NM!

Hats off to gctrading1 for pointing that one out last night, thanks!

Haven't been thru the charts yet, anything caught your eye for today NM?

pipnut
I think I now I am going to wait for a few pullbacks, things moved a lot after the London session got going and they got through their news releases, I am thinking now the US session will start to pull this back somewhat, So everyone needs to start drawing the S/R lines and wait for the train to come back and go for another ride.

I got in the GBPUSD at 146.47 this morning after my alarm went off, My tp got hit for 138 pips. I was rather pleased with that.

--NM
  • #588
  • Dec 8, 2009 7:27am Dec 8, 2009 7:27am
Quoting gctrading1
yes i also took my first half on that first swing
and then closed the rest this AM very well played pipnut.
Didn't hold out for the .9050 at the beginning of the Retracement line? I didn't either, I set my 2nd TP to the ADR last night.

And there went the other half... I'm out now.

pipnut
Even a blind squirrel finds a nut sometime.
  • #589
  • Edited 7:38am Dec 8, 2009 7:34am | Edited 7:38am
Quoting pipnut
Didn't hold out for the .9050 at the beginning of the Retracement line? I didn't either, I set my 2nd TP to the ADR last night.

And there went the other half... I'm out now.

pipnut
Pipnut,
That happens sometimes, but that pair was still making some pretty wild swings getting in to formation, like I was saying lastnight I did not think that pair was quite ready yet but it could have gone, but like I said I would need more confirmation that it was going to go, but the important thing is you did not lose anything and did make some pips on it. So it was still a winning tade.

--NM
  • #590
  • Dec 8, 2009 7:38am Dec 8, 2009 7:38am
NM- Was that the GBPUSD or the GBPJPY? Quite a move on both. Still falling.

pipnut
Even a blind squirrel finds a nut sometime.
  • #591
  • Dec 8, 2009 7:42am Dec 8, 2009 7:42am
Quoting pipnut
NM- Was that the GBPUSD or the GBPJPY? Quite a move on both. Still falling.

pipnut
GBPJPY im sorry I quoted the wrong pair, yes I see that, so is my measly 21 pip CHFJPY pair that would have hit my target plus much more if I had not been so impatient, I guess the watching the football game at the same time didnt help either...

--NM
  • #592
  • Dec 8, 2009 7:47am Dec 8, 2009 7:47am
Quoting NightMoves
Pipnut,
That happens sometimes, but that pair was still making some pretty wild swings getting in to formation, like I was saying lastnight I did not think that pair was quite ready yet but it could have gone, but like I said I would need more confirmation that it was going to go, but the important thing is you did not lose anything and did make some pips on it. So it was still a winning tade.

--NM

Yes, I agree, it was early. PA came back twice against my entry point last night. That was the reason for my question about taking the first bounce off the Dynamic S/R after the trend has reversed. Probably should have exercised more patience.

pipnut
Even a blind squirrel finds a nut sometime.
  • #593
  • Dec 8, 2009 7:48am Dec 8, 2009 7:48am
Quoting MysticaL8e4r
great thread ! thanks NM !

btw, ja5on.. for your aud/usd setup.. check out the M1 TF now.. it seems to be respecting the 3smas there.. + you could get an early warning if the trend is about to change..
ya i think i going to pull out soon. dont think there is any more gas in the trend. haha
  • #594
  • Dec 8, 2009 7:49am Dec 8, 2009 7:49am
Quoting ja5on
ya i think i going to pull out soon. dont think there is any more gas in the trend. haha
What pair are you trading?
  • #595
  • Dec 8, 2009 7:54am Dec 8, 2009 7:54am
Hey guys I just had a thought, if we keep this pace up they are going to ban us from trading...

--NM
  • #596
  • Dec 8, 2009 8:07am Dec 8, 2009 8:07am
Now this was a nice move, GBPJPY. ADR 260, today 363

--NM
  • #597
  • Dec 8, 2009 8:07am Dec 8, 2009 8:07am
Quoting NightMoves
Hi ja5on.

You can use the last impulse length as your tp 2 and the preivious swingh or low as your first target if you have enough room after the entry or you can use fibo numbers as well, I personally use the last impulse length and it seems to work pretty good, then set your TP just a few pips shy of that in case it does not quite reach it.

--NM
i dont quite understand the last impulse length. did i calculate the last impulse wave correctly? thanks for all the nice ppl advice =D
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  • #598
  • Dec 8, 2009 8:08am Dec 8, 2009 8:08am
Quoting NightMoves
What pair are you trading?
the GU pair
  • #599
  • Dec 8, 2009 8:16am Dec 8, 2009 8:16am
Quoting ja5on
i dont quite understand the last impulse length. did i calculate the last impulse wave correctly? thanks for all the nice ppl advice =D
Attachment
Yes that is close enough, but remember to look for the harmonic swings before trading the pair, that pair is down in trend mode but it is not harmonically swinging the way it should it shoots way up and then down and then way up and then way down, you want it to look like it is swinging with a nice rhythm, to me that pair just looked to wild yet other wise your SL will be bigger than it really needs to be and there is no reason to risk more than necessary. Make sense?

--NM
  • #600
  • Dec 8, 2009 8:18am Dec 8, 2009 8:18am
Quoting ja5on
the GU pair
Oh ok, are you on the winning side of things?

--NM
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