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Trend Trading All Pairs

  • #681
  • Dec 8, 2009 6:59pm Dec 8, 2009 6:59pm
UJ bounced off 50 MA on the 30M chart.

pipnut
Even a blind squirrel finds a nut sometime.
  • #682
  • Edited 7:47pm Dec 8, 2009 7:01pm | Edited 7:47pm
Attachment
Quoting gctrading1
in MT4 is there any way to make a trendline alert? In ninja you can only have an alert at a price. Sure would be nice to be able to draw an alert.

chris
However, try these I am not sure how they work I have not tried them, I do know you cannot give them the same name.

--NM
Attached File(s)
File Type: mq4 TLine Alert.mq4   2 KB | 601 downloads
  • #683
  • Dec 8, 2009 7:01pm Dec 8, 2009 7:01pm
found one here is the link. i do not have mt4 on here so if someone gets a chance give it a try and let me know. it is down at the bottom of the posts. sorry i should have googled it first before asking LOL.


chris
Chris
  • #684
  • Dec 8, 2009 7:03pm Dec 8, 2009 7:03pm
Quoting gctrading1
found one here is the link. i do not have mt4 on here so if someone gets a chance give it a try and let me know. it is down at the bottom of the posts. sorry i should have googled it first before asking LOL.


chris
I googled it and found 2 of them FF.
  • #685
  • Dec 8, 2009 7:06pm Dec 8, 2009 7:06pm
Quoting NightMoves
However, try these I am not sure how they work I have not tried them, I do know you cannot give them the same name.

--NM
Hmmmm these look like the same ones I have
  • #686
  • Dec 8, 2009 7:08pm Dec 8, 2009 7:08pm
Quoting Scratch99
What is PA?
Sorry, I missed your question there.
Looks like gc got it for me though, thanks gc!!

pipnut
Even a blind squirrel finds a nut sometime.
  • #687
  • Dec 8, 2009 7:08pm Dec 8, 2009 7:08pm
Hi NM,

If I could make sure I am clear on this point, as I have been watching the videos and there is a lot to digest.

I had thought that once a trend is established and we are trading in and out of that trend, we use the 30 to 50 zone to guide the entry of a trade as opposed to the trendline for a new setup.

If trades are to be held overnight, is there an approach as part of the method that ties the closing of a trade to swing as opposed to the ADR. Thought being - there could be a strong trend that last for days without a new setup to enter the trend.

Thank you for help!
BR

Quoting NightMoves
If we get a bounce off that trendline then I wil still be looking to short this. But again I need to see the PA before I place any trade then we can trade so Much safer. On this time frame I would say a long is out of the question for awhile until it starts showing some organization in that drection.

--NM
  • #688
  • Dec 8, 2009 7:13pm Dec 8, 2009 7:13pm
Quoting Big1red9
Hi NM,

If I could make sure I am clear on this point, as I have been watching the videos and there is a lot to digest.

I had thought that once a trend is established and we are trading in and out of that trend, we use the 30 to 50 zone to guide the entry of a trade as opposed to the trendline for a new setup.

If trades are to be held overnight, is there an approach as part of the method that ties the closing of a trade to swing as opposed to the ADR. Thought being - there could be a strong trend that last for days without a new setup to enter...
Yes that is true on the 30 and 50, but it is not necessary to be in the channel, I like to have PA in the area of those MA lines it can be below or above, but I like to wait for it to come back to them, but again if the S/R all line up like they should then it is still a valid setup imo. But if I am too far way from the MA lines then I will wait.

--NM
  • #689
  • Dec 8, 2009 7:15pm Dec 8, 2009 7:15pm
Quoting Big1red9
Hi NM,

If I could make sure I am clear on this point, as I have been watching the videos and there is a lot to digest.

I had thought that once a trend is established and we are trading in and out of that trend, we use the 30 to 50 zone to guide the entry of a trade as opposed to the trendline for a new setup.

If trades are to be held overnight, is there an approach as part of the method that ties the closing of a trade to swing as opposed to the ADR. Thought being - there could be a strong trend that last for days without a new setup to enter...
If you are trading longer term than just daytrading then the ADR really does not matter. You can let the trade run and not worry about the ADR.

--NM
  • #690
  • Dec 8, 2009 7:20pm Dec 8, 2009 7:20pm
Is there a method based exit?

Use a swing of a shorter TF or trailing stop....maybe?

Thanks
BR

Quoting NightMoves
If you are trading longer term than just daytrading then the ADR really does not matter. You can let the trade run and not worry about the ADR.

--NM
  • #691
  • Dec 8, 2009 7:22pm Dec 8, 2009 7:22pm
Quoting Big1red9
Is there a method based exit?

Use a swing of a shorter TF or trailing stop....maybe?

Thanks
BR
Yes you can set TP many different ways, fib numbers, previous impulse length, use the pole length on a flag formation...etc

--NM
  • #692
  • Dec 8, 2009 7:27pm Dec 8, 2009 7:27pm
NM,

How important are the Fib levels in your`determination of taking a trade? Does the retrace always need to reach that 38-62% area?

pipnut
Even a blind squirrel finds a nut sometime.
  • #693
  • Dec 8, 2009 7:33pm Dec 8, 2009 7:33pm
Quoting pipnut
NM,

How important are the Fib levels in your`determination of taking a trade? Does the retrace always need to reach that 38-62% area?

pipnut
I use a window area rather than a specific number, but yes they are very important. I have seen them turn around on the 23 fib and I have traded on a bounce off that number only to have it swing back and reach the 38 and then go...more times than not.

--NM
  • #694
  • Dec 8, 2009 7:38pm Dec 8, 2009 7:38pm
Do you draw the fib from the last SMA bounce or the last high which may be outside the 3 SMAs?

pipnut
Even a blind squirrel finds a nut sometime.
  • #695
  • Dec 8, 2009 7:43pm Dec 8, 2009 7:43pm
Quoting pipnut
Do you draw the fib from the last SMA bounce or the last high which may be outside the 3 SMAs?

pipnut
I draw it from where the last impulse started which is usually the high from the previous day but not always.

--NM
  • #696
  • Dec 8, 2009 7:49pm Dec 8, 2009 7:49pm
Here is a trendline alerter for MT4:
http://www.forexfactory.com/showthread.php?t=3252
  • #697
  • Dec 8, 2009 7:52pm Dec 8, 2009 7:52pm
ok looks like not much going on tonight so i am calling it a night totrade in the AM.


chris
Chris
  • #698
  • Dec 8, 2009 7:52pm Dec 8, 2009 7:52pm
Looks like a repeat performance of lastnight...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: repeat performance.gif Size: 33 KB
  • #699
  • Dec 8, 2009 7:56pm Dec 8, 2009 7:56pm
Based on where I currently have my fibs, I see the UJ 30M has retraced to the 50 SMA and bounced. It is in the Fib Retracement area and dropping back towards the Retracement TL. Setup Chart.

NzdJpy 30M, retraced to 30 SMA, only spiking into the Fib Retracement area, now heading for Horizontal support line. Setup Chart.

30M CHF, EUR, AUD & GBP/JPY retraced to 30 SMA but none hit the Fib areas as yet.

Am I on it here?

pipnut
Even a blind squirrel finds a nut sometime.
  • #700
  • Dec 8, 2009 7:59pm Dec 8, 2009 7:59pm
Setup charts pending breakout of support lines of course.

pipnut
Even a blind squirrel finds a nut sometime.
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