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Trend Trading All Pairs

  • #701
  • Dec 8, 2009 8:02pm Dec 8, 2009 8:02pm
Quoting pipnut
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
You should post a chart or two so I can see it, but remember that you need a confluence of S/R so the fib window is just to let you know it has retraced far enough. No S/R is enough by itself you need several things to come together in that area.

--NM
  • #702
  • Dec 8, 2009 8:03pm Dec 8, 2009 8:03pm
Quoting NightMoves
Looks like a repeat performance of lastnight...

--NM

kinda agree here. I was playing SPY and will be fading that gap up to falling resistance line...which would mimic the action today. So not saying anything is guaranteed but it could be setting up to be another red day on the market tomorrow.

I will take my indications from the DXY and how things play out in ASIA.
  • #703
  • Dec 8, 2009 8:11pm Dec 8, 2009 8:11pm
Quoting jesterx
kinda agree here. I was playing SPY and will be fading that gap up to falling resistance line...which would mimic the action today. So not saying anything is guaranteed but it could be setting up to be another red day on the market tomorrow.

I will take my indications from the DXY and how things play out in ASIA.
Welll nothing is gauranteed in this market. It would be nice to a another move like it just did.

--NM
  • #704
  • Dec 8, 2009 8:11pm Dec 8, 2009 8:11pm
Here you go! And thanks!

pipnut
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy 30m.gif Size: 28 KB
Click to Enlarge Name: nzdjpy 30m.gif Size: 24 KB
Click to Enlarge Name: chfjpy 30m.gif Size: 26 KB
Even a blind squirrel finds a nut sometime.
  • #705
  • Dec 8, 2009 8:26pm Dec 8, 2009 8:26pm
Quoting pipnut
Here you go! And thanks!

pipnut
Yep that is pretty much the way I have mine setup, if it breaks to the down side wait for the pbc if it breaks to the upside do nothing. We are only looking for a break to downside after pbc shows its face, if it comes out of that with huge momentum which does it sometimes, then I will let it go until I see the pbc, if we do not get the bpc then do nothing, you do not want to get caught in a big fake out.

Only take one trade as well use the others as confirmation that PA is going, if it is going they should all look pretty much the same.

--NM
  • #706
  • Dec 8, 2009 8:29pm Dec 8, 2009 8:29pm
It would not suprise me to see the London session push this back up to a retracement level. But my Alarm is set again to the downside if it goes.

--NM
  • #707
  • Dec 8, 2009 8:39pm Dec 8, 2009 8:39pm
hey there guys!

Good morning! ( from my side)

saw tat you guys are aiming the Usd/jpy and waiting for a pullback eh....sweet!

anyway, i also noticed the eur/usd retracing back to the dynamic S/R area on the H1 chart.....check it out! this might give us an opportunity...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h1.gif Size: 13 KB
  • #708
  • Dec 8, 2009 8:42pm Dec 8, 2009 8:42pm
Quoting gp75
hey there guys!

Good morning! ( from my side)

saw tat you guys are aiming the Usd/jpy and waiting for a pullback eh....sweet!

anyway, i also noticed the eur/usd retracing back to the dynamic S/R area on the H1 chart.....check it out! this might give us an opportunity...
Good Morning gp75!!

pipnut
Even a blind squirrel finds a nut sometime.
  • #709
  • Dec 8, 2009 8:46pm Dec 8, 2009 8:46pm
Quoting NightMoves
Yep that is pretty much the way I have mine setup, if it breaks to the down side wait for the pbc if it breaks to the upside do nothing. We are only looking for a break to downside after pbc shows its face, if it comes out of that with huge momentum which does it sometimes, then I will let it go until I see the pbc, if we do not get the bpc then do nothing, you do not want to get caught in a big fake out.

Only take one trade as well use the others as confirmation that PA is going, if it is going they should all look pretty much the same.

--NM...
Thanks NM!!

pipnut
Even a blind squirrel finds a nut sometime.
  • #710
  • Dec 8, 2009 8:54pm Dec 8, 2009 8:54pm
Quoting gp75
hey there guys!

Good morning! ( from my side)

saw tat you guys are aiming the Usd/jpy and waiting for a pullback eh....sweet!

anyway, i also noticed the eur/usd retracing back to the dynamic S/R area on the H1 chart.....check it out! this might give us an opportunity...
The EU tested that support area aorund the .4700 RN and decided it wasn't time to break yet. I'd like to see that one retrace to a setup and then plummet thru there for some decent pips...

But we take what the market gives, and I expect it to give those pips while I am sleeping of course, hehe

pipnut
Even a blind squirrel finds a nut sometime.
  • #711
  • Dec 8, 2009 9:03pm Dec 8, 2009 9:03pm
say guys, i have a question....

we are waiting for a pullback in the usd jpy....it is happening in the M15 chart

my question is this....

do we wait for the pullback to appear in the M15 charts and if it breaks the pullback line , we can enter...

or....

do we wait for the pullback in the M 30 chart?

thanks....
  • #712
  • Dec 8, 2009 9:11pm Dec 8, 2009 9:11pm
Quoting gp75
say guys, i have a question....

we are waiting for a pullback in the usd jpy....it is happening in the M15 chart

my question is this....

do we wait for the pullback to appear in the M15 charts and if it breaks the pullback line , we can enter...

or....

do we wait for the pullback in the M 30 chart?

thanks....
I bow to NM here as he is the expert but it is my understanding that the entry comes off the lower TF. After the breakout of the retracement TL, look for the pullback and then the continuation phase to enter.

pipnut
Even a blind squirrel finds a nut sometime.
  • #713
  • Dec 8, 2009 9:17pm Dec 8, 2009 9:17pm
nm.
yst u asked abt the gu trade. i am still holding at positive 80+pips. might want to come out soon. =D
  • #714
  • Dec 8, 2009 9:32pm Dec 8, 2009 9:32pm
looks like now the jpy pair are all going to retrace back to the dynamic s/r soon. need more movements! haha
  • #715
  • Dec 8, 2009 9:37pm Dec 8, 2009 9:37pm
Quoting ja5on
nm.
yst u asked abt the gu trade. i am still holding at positive 80+pips. might want to come out soon. =D
Well if it breaks your direction then you will just add to your 80 pips, but I would watch it if the London session pushes it back up because they might.

--NM
  • #716
  • Dec 8, 2009 9:39pm Dec 8, 2009 9:39pm
Quoting ja5on
looks like now the jpy pair are all going to retrace back to the dynamic s/r soon. need more movements! haha
Eventually if they go sideways long enough the MA lines will catch up to the PA.

--NM
  • #717
  • Dec 8, 2009 9:39pm Dec 8, 2009 9:39pm
NM

I thought the UJ was going to make the break... but not yet.

pipnut
Even a blind squirrel finds a nut sometime.
  • #718
  • Dec 8, 2009 9:40pm Dec 8, 2009 9:40pm
I have quite the Blizzard outside right now
  • #719
  • Dec 8, 2009 9:43pm Dec 8, 2009 9:43pm
As in SNOW Blizzard?

pipnut
Even a blind squirrel finds a nut sometime.
  • #720
  • Dec 8, 2009 9:46pm Dec 8, 2009 9:46pm
Quoting NightMoves
Eventually if they go sideways long enough the MA lines will catch up to the PA.

--NM
if this happens(MA lines converge), do we wait for a breakout then if we happen to see the BPC then we enter?

my country got no snow. how sad
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