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Trend Trading All Pairs

  • #601
  • Dec 8, 2009 8:24am Dec 8, 2009 8:24am
Quoting NightMoves
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

Looks like all the Yen crosses really cut loose last night. I was watching that GbpJpy pair last night but it didn't seem to reach back up into my Fib Retracement zone. Same with the AudJpy. Did I miss that or did you take the trade as a breakout entry from the consolidation range when it went with the trend?

pipnut
Even a blind squirrel finds a nut sometime.
  • #602
  • Dec 8, 2009 8:24am Dec 8, 2009 8:24am
Hey Guys,
Look at all the yen crosses...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: all down.gif Size: 10 KB
  • #603
  • Dec 8, 2009 8:29am Dec 8, 2009 8:29am
Quoting pipnut
Looks like all the Yen crosses really cut loose last night. I was watching that GbpJpy pair last night but it didn't seem to reach back up into my Fib Retracement zone. Same with the AudJpy. Did I miss that or did you take the trade as a breakout entry from the consolidation range when it went with the trend?

pipnut
I took that as a breakout trade in the direction of the tend..it pulled back on me a little but not for long, my SL was never really tested which is a good thing...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: nice move.gif Size: 32 KB
  • #604
  • Dec 8, 2009 8:32am Dec 8, 2009 8:32am
Quoting NightMoves
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

May want to look for Weekly Trendlines on both the Aud and Gbp/Usd pairs. I have some on my chart that we are dancing around right now on both pairs. I didn't push the Aussie trade because the WTL was right under my trade crossing the .9050 RN.

pipnut
Even a blind squirrel finds a nut sometime.
  • #605
  • Dec 8, 2009 8:33am Dec 8, 2009 8:33am
Quoting NightMoves
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
yea i know. but i am like forcing trades. do u think so?
cos i dont really see alot of pairs that are tradable now whcih are having a nice trend.. so i am looking for all possible chances to trade. haha. that is bad i know. haha
  • #606
  • Dec 8, 2009 8:36am Dec 8, 2009 8:36am
Quoting NightMoves
I took that as a breakout trade in the direction of the tend..it pulled back on me a little but not for long, my SL was never really tested which is a good thing...

--NM
Looks like a BEAUTIFUL thing to me, great trade!

pipnut
Even a blind squirrel finds a nut sometime.
  • #607
  • Dec 8, 2009 8:38am Dec 8, 2009 8:38am
Quoting NightMoves
I took that as a breakout trade in the direction of the tend..it pulled back on me a little but not for long, my SL was never really tested which is a good thing...

--NM
so you did trade on this break out trade? hmm. do u play breakout too? break out is a bit scary as it playing against the trend i think. how do u all catch a breakout without much risk. it is quite hard
  • #608
  • Dec 8, 2009 8:41am Dec 8, 2009 8:41am
Quoting ja5on
yea i know. but i am like forcing trades. do u think so?
cos i dont really see alot of pairs that are tradable now whcih are having a nice trend.. so i am looking for all possible chances to trade. haha. that is bad i know. haha
Yes that is bad, if you do not see the setup then it is not there do not take chances, If you have to strain to see the setup then do not trade it. My favorite setup is the obvious one and sometimes you have to really scan the charts to find them or just wait for them. Do not enter a trade just to be in the market...patience is key.

--NM
  • #609
  • Dec 8, 2009 8:44am Dec 8, 2009 8:44am
Quoting ja5on
so you did trade on this break out trade? hmm. do u play breakout too? break out is a bit scary as it playing against the trend i think.
Actually I wait for the BPC but I enterend this based on the trend that was on the 30 min TF. And as long as the breakout happens in the direction of the trend I will take it. But only in the direction of the trend I am basing the trade off of, had it broke to the upside my alarm would never had gone off and I would not have been in the trade.

--NM
  • #610
  • Dec 8, 2009 8:56am Dec 8, 2009 8:56am
Quoting NightMoves
Actually I wait for the BPC but I enterend this based on the trend that was on the 30 min TF. And as long as the breakout happens in the direction of the trend I will take it. But only in the direction of the trend I am basing the trade off of, had it broke to the upside my alarm would never had gone off and I would not have been in the trade.

--NM
oh so u took the gpy.yen pair to be a down trend at that point already? once it broke the consolidation part u just sell?

but i did not see the bpc in the 30m TF.
  • #611
  • Dec 8, 2009 9:06am Dec 8, 2009 9:06am
Quoting ja5on
oh so u took the gpy.yen pair to be a down trend at that point already? once it broke the consolidation part u just sell?

but i did not see the bpc in the 30m TF.
I waited until it crossed below the 146.50 and then restested that level, then I zoomed in and it broke below the the bar that restested the RN, and I entered, then it pulled back again and bounced in that area for awhile, so I was taking some heat for awhile but I had my SL placed above the RN and just above the breakout channel, I fgured if it got back in that channel I do not want to be in it any longer but it never came back that far. All the MA lines had already turned to the downside on the larger time frame and the rest of Yen pairs were falling as well so I figured it was a pretty safe trade, and there was plenty of ADR room, that pair has a very high ADR and I took my TP well shy of that number.

--NM
  • #612
  • Dec 8, 2009 9:15am Dec 8, 2009 9:15am
Quoting ja5on
oh so u took the gpy.yen pair to be a down trend at that point already? once it broke the consolidation part u just sell?

but i did not see the bpc in the 30m TF.
Once you start recognizing the price action and the correlating pairs are confirming the move it is a pretty safe trade. The MA lines are a good indicator the trend is getting established and help decide on entry points baesd on PA but those MA lines are not enough just by themselves you still need the market to tell you what it is upto I was watching the correlated pairs as well on the trade like say all the yen crosses were in down mode, and because that pair moves so much in a day I had my alarm set on that pair in hopes that consolidation would break to the downside.
I use the MA lines especially if there is no sideways direction and then base my trades on PA being in that area along with S/R levels in the same area, the breakout trade was just a normal break out trade based PA and what the rest of the yen pairs were telling me.

--NM
  • #613
  • Dec 8, 2009 9:35am Dec 8, 2009 9:35am
Thinking out loud here:

Looks like we are waiting for a "harmonic swing back to the area of Dynamic S/R" on the yen crosses.

Same with the gbpusd and audusd, but mindful of Support levels.
Looks like the Cable has decent support around the .6250 to .6270 area. Bounced there many times on the Daily going back to mid October. The Aussie may be forming a DB at the .9050 RN.

On the eurusd waiting for the swing back as well. I am attaching a chart on this pair to see if there was a prior valid setup? Not certain the Fib Retracement area is correct.

Thoughts anyone?

pipnut
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h1.gif Size: 24 KB
Even a blind squirrel finds a nut sometime.
  • #614
  • Dec 8, 2009 9:49am Dec 8, 2009 9:49am
Quoting pipnut
Thinking out loud here:

Looks like we are waiting for a "harmonic swing back to the area of Dynamic S/R" on the yen crosses.

Same with the gbpusd and audusd, but mindful of Support levels.
Looks like the Cable has decent support around the .6250 to .6270 area. Bounced there many times on the Daily going back to mid October. The Aussie may be forming a DB at the .9050 RN.

On the eurusd waiting for the swing back as well. I am attaching a chart on this pair to see if there was a prior valid setup? Not certain the Fib Retracement area is correct....
I see what you are seeing and you are correct, but imo I am not going to get involved with that pair until it gets more organized. Until the swings become more rhythmatic. Right now I just think it too risky for me.

--NM
  • #615
  • Dec 8, 2009 10:06am Dec 8, 2009 10:06am
where did you guys get the map of the crosses showing the trends and the times up in the top of your charts with circles showing the trend on different charts? The map that you post would be nice so you do not ahve to keep looking at different charts but could just glance and see the trending markets and timeframe


chris
Chris
  • #616
  • Dec 8, 2009 10:09am Dec 8, 2009 10:09am
ya big players are closing their book for the last two weeks of dec. and starting of january as the time are very unstable.

i can see that alot of crosses of MA recently. Dollar is strengthening right after the NFP news while the gold is dropping. but it stops halfway here. dont know whether will the momentum be long enough to change the whole trend. haha
just my thoughts
  • #617
  • Dec 8, 2009 10:10am Dec 8, 2009 10:10am
any pairs that you guys are eyeing on now?
  • #618
  • Dec 8, 2009 10:12am Dec 8, 2009 10:12am
Hi,

Please can I have comments on what Im looking at here.

AUD-CHF - Uptrend of 1hr Chart.

Attached is the 15m chart, Price has re-traced downwards, and the broke out (circled area). I also note that price is bouncing off my upwards trend line from the 1hr chart. Given the break out, Im looking to enter on the yellow line, with my stop loss on the red.

Have I got the basics right here?

Attached Image (click to enlarge)
Click to Enlarge Name: audc.JPG Size: 60 KB
  • #619
  • Dec 8, 2009 10:18am Dec 8, 2009 10:18am
Quoting gctrading1
where did you guys get the map of the crosses showing the trends and the times up in the top of your charts with circles showing the trend on different charts? The map that you post would be nice so you do not ahve to keep looking at different charts but could just glance and see the trending markets and timeframe


chris
i think they got attach it in the front few pages of this thread. try taking a look. haha. i nv dl it though. dont know whether it is applicable to my platform not
  • #620
  • Dec 8, 2009 10:18am Dec 8, 2009 10:18am
Quoting Brixton
Hi,

Please can I have comments on what Im looking at here.

AUD-CHF - Uptrend of 1hr Chart.

Attached is the 15m chart, Price has re-traced downwards, and the broke out (circled area). I also note that price is bouncing off my upwards trend line from the 1hr chart. Given the break out, Im looking to enter on the yellow line, with my stop loss on the red.

[size=3][font=Calibri]Have I got the basics...
That looks right I do not have that pair on my MT4 but it looks right let me pull it up in the trading station platform and I will look at it a little closer.

--NM
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