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Trend Trading All Pairs

  • #621
  • Dec 8, 2009 10:22am Dec 8, 2009 10:22am
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...
OK Brixton,
That pair is really hammering on the 100 MA I would use EXTREME caution with that if not pass on it all together for now...

--NM
  • #622
  • Dec 8, 2009 10:25am Dec 8, 2009 10:25am
Quoting Brixton
Hi,

[size=3][font=Calibri]Please can I have comments on what Im looking at here....
ya i thought that there are alot of wicks along that counter trend in the 1hr chart. dont think tat there is a confluence of s/r lines as well.. might give up the trade.
  • #623
  • Dec 8, 2009 10:39am Dec 8, 2009 10:39am
Quoting ja5on
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
I see a link for the grid but not one for the dash board? Is the grid the same it sounds to me like the grid is for the round numbers on your chart?

chris
Chris
  • #624
  • Dec 8, 2009 10:47am Dec 8, 2009 10:47am
Quoting gctrading1
I see a link for the grid but not one for the dash board? Is the grid the same it sounds to me like the grid is for the round numbers on your chart?

chris
HI gc,
Those indicators are copyrighted so I cannot upload them, I got it from the Hectortrader site. It was part of the package when you get the course. They are handy when looking for trends for sure.
  • #625
  • Dec 8, 2009 10:48am Dec 8, 2009 10:48am
Quoting gctrading1
I see a link for the grid but not one for the dash board? Is the grid the same it sounds to me like the grid is for the round numbers on your chart?

chris
i am not really sure. mayb the ppl that are using can help? =D
  • #626
  • Dec 8, 2009 10:52am Dec 8, 2009 10:52am
nm.. can i ask how do we use the ADR for TP. lets say the ADR is 100pips. how can i know how many pips have they covered already. calculate from the start of the day?
  • #627
  • Dec 8, 2009 10:58am Dec 8, 2009 10:58am
Quoting ja5on
nm.. can i ask how do we use the ADR for TP. lets say the ADR is 100pips. how can i know how many pips have they covered already. calculate from the start of the day?
There is an indicator I uploaded that will show you the ADR and the high low for the current day plus it has other information on it. although the indicator I uploaded shows the high low you would have to calulate the current day based on that high low is the only bad part about it.

--NM
  • #628
  • Dec 8, 2009 11:02am Dec 8, 2009 11:02am
Quoting ja5on
nm.. can i ask how do we use the ADR for TP. lets say the ADR is 100pips. how can i know how many pips have they covered already. calculate from the start of the day?
Also if you set your ATR indicator to 30 and then switch to the daily chart that gets pretty close too within a few pips.
  • #629
  • Dec 8, 2009 11:04am Dec 8, 2009 11:04am
Quoting ja5on
nm.. can i ask how do we use the ADR for TP. lets say the ADR is 100pips. how can i know how many pips have they covered already. calculate from the start of the day?
here is a link i just got about it you can down load the ADR from here and it will show you how much you have left to go for the ATR. IT is for MT4 http://www.learnforexlive.com/intraday-targets.php


chris
Chris
  • #630
  • Dec 8, 2009 11:08am Dec 8, 2009 11:08am
but i am not sure how to calculate the remaining number of pips for the day.
lets say the ADR is 100 then now it has moved 71 pips so there is only movement for 29 pips only is it? lol. sorry for being blunt. haha.

ok ok thanks chris. i saw the video and understand already.
i am using ig platform. dont know whether its compaitable not. i shall use ATR instead. thanks anyway
  • #631
  • Dec 8, 2009 11:19am Dec 8, 2009 11:19am
Quoting ja5on
but i am not sure how to calculate the remaining number of pips for the day.
lets say the ADR is 100 then now it has moved 71 pips so there is only movement for 29 pips only is it? lol. sorry for being blunt. haha.

ok ok thanks chris. i saw the video and understand already.
i am using ig platform. dont know whether its compaitable not. i shall use ATR instead. thanks anyway
I use ninjatrader but you can have MT4 up if so you can check it out.
Chris
  • #632
  • Dec 8, 2009 11:19am Dec 8, 2009 11:19am
Looks like the Eur/Usd has strong support at the .4700 Round Number. It'll be interesting to see if it holds this time.

pipnut
Even a blind squirrel finds a nut sometime.
  • #633
  • Dec 8, 2009 11:30am Dec 8, 2009 11:30am
Quoting ja5on
but i am not sure how to calculate the remaining number of pips for the day.
lets say the ADR is 100 then now it has moved 71 pips so there is only movement for 29 pips only is it? lol. sorry for being blunt. haha.

ok ok thanks chris. i saw the video and understand already.
i am using ig platform. dont know whether its compaitable not. i shall use ATR instead. thanks anyway
ja5on,
gc,
uploaded a link where you can get the indicators and watch a video on how to use the ADR for intraday trades. That is where I got mine too but mine is older and not the new one.

--NM
  • #634
  • Dec 8, 2009 11:49am Dec 8, 2009 11:49am
Quoting pipnut
Looks like the Eur/Usd has strong support at the .4700 Round Number. It'll be interesting to see if it holds this time.

pipnut
If the E/U start playing around with 100 MA I think this rally is in serious jeopardy imo. So we may be taking short positions for quite a while...

--NM
  • #635
  • Dec 8, 2009 11:55am Dec 8, 2009 11:55am
Here is the E/U daily chart it is really headed for the 100 MA!

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: jeopardy.gif Size: 22 KB
  • #636
  • Dec 8, 2009 12:10pm Dec 8, 2009 12:10pm
Duh, dun... duh dun.... duhdunduhdunduhdunduhdun...

I keep hearing the "Jaws" music in the back of my head.

pipnut
Even a blind squirrel finds a nut sometime.
  • #637
  • Dec 8, 2009 12:16pm Dec 8, 2009 12:16pm
Quoting pipnut
Duh, dun... duh dun.... duhdunduhdunduhdunduhdun...

I keep hearing the "Jaws" music in the back of my head.

pipnut
I hear it too. You cant beat trend trading, it just keeps hading out the pips over and over. It gets kind of repetitive actually. But that kind of repetition I can live with.

--NM
  • #638
  • Dec 8, 2009 12:21pm Dec 8, 2009 12:21pm
If you don't mind my asking, how many open trades are you managing right now?

pipnut
Even a blind squirrel finds a nut sometime.
  • #639
  • Dec 8, 2009 12:31pm Dec 8, 2009 12:31pm
Quoting pipnut
If you don't mind my asking, how many open trades are you managing right now?

pipnut
Right now I have no open trade. I closed one trade and the other hit TP and closed out.
  • #640
  • Dec 8, 2009 1:10pm Dec 8, 2009 1:10pm
Are the moving average lines that you use just the same 3 lines with just different settings? I have the red line at 50, the blue line at 30 and the green one at 100. Is that correct? The moderator doesnt post my questions right away....ugh!
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