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Trend Trading All Pairs

  • #861
  • Dec 9, 2009 8:02am Dec 9, 2009 8:02am
I am not having a lot of confidance in the second half of this trade but I will let it stop me out if so chooses and take my first half as a winner, no risk now, if it gets back below 142.50 I think I am safe on part 2 of this dramatic event...
  • #862
  • Dec 9, 2009 8:02am Dec 9, 2009 8:02am
the yen pair are mostly rebounding to the up side. or is it retracing. might want to stay away from it. to it hit back the MA again
  • #863
  • Dec 9, 2009 8:05am Dec 9, 2009 8:05am
Quoting 1pip
to me your set up looks right/would you mind share your pivot ind if you can/if not thx anyway
1pip what pivot ind are you talking about?
  • #864
  • Dec 9, 2009 8:07am Dec 9, 2009 8:07am
Quoting NightMoves
1pip what pivot ind are you talking about?
Sorry I should have looked to see who were talking too...LOL never mind....
  • #865
  • Dec 9, 2009 8:08am Dec 9, 2009 8:08am
Quoting NightMoves
I am not having a lot of confidance in the second half of this trade but I will let it stop me out if so chooses and take my first half as a winner, no risk now, if it gets back below 142.50 I think I am safe on part 2 of this dramatic event...
you close one half of ur trade alr? did u put ur stop very large? i thought you would be stopped out by now. anyway. u managed to SQUEEZE a few pips out. thats nice!
  • #866
  • Dec 9, 2009 8:12am Dec 9, 2009 8:12am
Quoting ja5on
you close one half of ur trade alr? did u put ur stop very large? i thought you would be stopped out by now. anyway. u managed to SQUEEZE a few pips out. thats nice!
No not stopped out yet but it might get me, I really did not get in when I wanted too, I was looking and hoping for about 70 pips or so on the first half of the trade but I was looking at the wrong TF and by the time I got in well I already had missed about 25 pips or so...
  • #867
  • Dec 9, 2009 8:18am Dec 9, 2009 8:18am
Quoting ja5on
you close one half of ur trade alr? did u put ur stop very large? i thought you would be stopped out by now. anyway. u managed to SQUEEZE a few pips out. thats nice!
When I first got in the trade I had my SL about 40 pips just to get in it, sometimes trading when you have so many entries to make...Entry order, market order, another market order and then link and then create an OCO and then link the OCO, it takes a little time, but after I got them all linked then I moved my SL to more respectable spot around 20 pips or so until I could move it to BE.

--NM
  • #868
  • Dec 9, 2009 8:20am Dec 9, 2009 8:20am
i seee. then how much did u closed on the first half? my platform dont allow us to close half position or whatsoever. =(

can i ask if the triggering chart. if the break out of the retracement is lets say (Bar1). the nxt bar(bar2) formed is also with momentum of the breakout.

then the nxt candle pullback to hit the retracment line and went to continue with the trend. would u consider that as a BPC? so in total there is only 3 bar.
  • #869
  • Dec 9, 2009 8:25am Dec 9, 2009 8:25am
NM-

When you get a chance could you post the G/Y trigger chart as it should have been executed?

pipnut
Even a blind squirrel finds a nut sometime.
  • #870
  • Dec 9, 2009 8:27am Dec 9, 2009 8:27am
Quoting ja5on
i seee. then how much did u closed on the first half? my platform dont allow us to close half position or whatsoever. =(

can i ask if the triggering chart. if the break out of the retracement is lets say (Bar1). the nxt bar(bar2) formed is also with momentum of the breakout.

then the nxt candle pullback to hit the retracment line and went to continue with the trend. would u consider that as a BPC? so in total there is only 3 bar.
I really like to see about 3 bar pullback if I can get it so the formation I like to see conisist of multiple bars not just 1 bar, that may not be enough most of the time.

--NM
  • #871
  • Dec 9, 2009 8:28am Dec 9, 2009 8:28am
Quoting pipnut
NM-

When you get a chance could you post the G/Y trigger chart as it should have been executed?

pipnut
Yes I will post it as soon as this trade ends gracefully or violently...LOL
  • #872
  • Dec 9, 2009 8:36am Dec 9, 2009 8:36am
Quoting ja5on
i seee. then how much did u closed on the first half? my platform dont allow us to close half position or whatsoever. =(

can i ask if the triggering chart. if the break out of the retracement is lets say (Bar1). the nxt bar(bar2) formed is also with momentum of the breakout.

then the nxt candle pullback to hit the retracment line and went to continue with the trend. would u consider that as a BPC? so in total there is only 3 bar.
I cosed the first half at 58 pips
  • #873
  • Dec 9, 2009 8:43am Dec 9, 2009 8:43am
I am pretty sure now that this pair is not going to reach the ADR for today but thats the way goes I will let it go until it gets me and that will be soon the way it looks...
  • #874
  • Dec 9, 2009 8:47am Dec 9, 2009 8:47am
Hey Pipnut,
I hear that Jaws music again.....
  • #875
  • Dec 9, 2009 8:50am Dec 9, 2009 8:50am
Quoting 1pip
to me your set up looks right/would you mind share your pivot ind if you can/if not thx anyway
Much to my surprise, it does appear to be copyrighted, sorry.
  • #876
  • Dec 9, 2009 8:53am Dec 9, 2009 8:53am
Quoting NightMoves
Hey Pipnut,
I hear that Jaws music again.....
the g/y pair is pretty much ranging now.
  • #877
  • Dec 9, 2009 8:58am Dec 9, 2009 8:58am
Hi,
I got a new trade coming up.
Attached are gbpcad d1 to see that we broke out of a range, and my setup chart H4, which is the range my setup is based on. (I know that we don't have a second low in this range, but the profit potential far outweighs that fact for me).

Right now gbpcad is making a pullback on H1 (trigger chart) and hopefully a continuation.

Now here come my targets.
In this example I have three targets
First one is: 1,696 (80% of extension of the H4 range), here I am gonna take off 50% of my trade
Second one is: 1,6755 (80% of extension of the d1 range), here I am gonna take off 25%
and third one is: 1.546 (80% of extension of the last swing on the weekly chart), closing out my remaining position there.

Well, those home-runners don't happen that often, but if they do, I am glad that I have taken the opportunity on that small H4 timeframe to shoot for a w1 target.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpcad d1 9.12.2009.gif Size: 45 KB
Click to Enlarge Name: gbpcad h4 9.12.2009.gif Size: 56 KB
  • #878
  • Dec 9, 2009 8:58am Dec 9, 2009 8:58am
Quoting NightMoves
Hey Pipnut,
I hear that Jaws music again.....
Hahaaa!!
Even a blind squirrel finds a nut sometime.
  • #879
  • Edited 9:00am Dec 9, 2009 8:58am | Edited 9:00am
Quoting pipnut
NM-

When you get a chance could you post the G/Y trigger chart as it should have been executed?

pipnut
Here is where I wanted to enter, which would have been another 10 or 12 pips when I look at it closer but it would have been within a pip or 2 of my target of 70 pips.

Guess it would help if I added the chart.....

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: should be here.gif Size: 25 KB
  • #880
  • Edited 9:14am Dec 9, 2009 9:11am | Edited 9:14am
Quoting NightMoves
Here is where I wanted to enter, which would have been another 10 or 12 pips when I look at it closer but it would have been within a pip or 2 of my target of 70 pips.

Guess it would help if I added the chart.....

--NM
So you dropped to the 5M as the trigger chart and the entry would have been at the breakout on the large bearish candle? Or when it passed that prior low from 12:30 GMT?

Large Bearish after the short consolidation from the Breakout I meant.

pipnut
Even a blind squirrel finds a nut sometime.
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