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Trend Trading All Pairs

  • #941
  • Dec 9, 2009 6:53pm Dec 9, 2009 6:53pm
here is a chart of usdchf but i am not sure i have never traded these pairs at night but it is setting up I think?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.png Size: 138 KB
Chris
  • #942
  • Dec 9, 2009 6:56pm Dec 9, 2009 6:56pm
Thanks for the reply NM. I suspected it might be just one of those gray areas.

Made 30 and 61 pips out of AUDUSD today which was nice.

Unfortunately I just tried a GBPJPY short and lost some of that when it took off. I think I might place my order 2 pips under the swing in future as that would have kept me out of this bad trade.

I guess the higher low on the H1/M30 should have warned me to stay clear. I also noticed price on the M30 was lingering too long on the wrong side of the 50 SMA and the 30 SMA had turned up..ignored the warnings like a typical newb. Was there anything else that should have told me to hold off on shorts?

Live and learn......
  • #943
  • Dec 9, 2009 7:02pm Dec 9, 2009 7:02pm
Quoting gctrading1
here is a chart of usdchf but i am not sure i have never traded these pairs at night but it is setting up I think?
I looked at the CHFUSD and it looks like it has potential but it looks af if each impulse is getting smaller and smaller but the retracements are not getting any deeper, so this pair should be watched. Thanks for the heads up I will watch that pair too.

--NM
  • #944
  • Dec 9, 2009 7:04pm Dec 9, 2009 7:04pm
NM,

What pair and TF are you looking at please....
Looking at EJ at 30 min, I see the MA's pointing down with e 30 starting to hook. To me that means they are heading into being crossed up and such.

Thanks
BR

Quoting NightMoves
I am almost thinking the reversal pattern is about to be confirmed now and looking for short poisitions is on hold and may be looking for longs again....
  • #945
  • Dec 9, 2009 7:06pm Dec 9, 2009 7:06pm
Quoting Sutts
Thanks for the reply NM. I suspected it might be just one of those gray areas.

Made 30 and 61 pips out of AUDUSD today which was nice.

Unfortunately I just tried a GBPJPY short and lost some of that when it took off. I think I might place my order 2 pips under the swing in future as that would have kept me out of this bad trade.

I guess the higher low on the H1/M30 should have warned me to stay clear. I also noticed price on the M30 was lingering too long on the wrong side of the 50 SMA and the 30 SMA had turned up..ignored the warnings like...
The GBPJPY 1 hour chart is where you can see what could be a reversal pattern setting up and that is why I did not take the the 1 bar pullback I needed more proof and then it took off so I am glad I waited after it made the 1-2-3 pattern but only with a 1 bar pullback, and I like to see minimum of 2 bars 3 I would prefer but 2 is ok if the time frame is big enough.

--NM
  • #946
  • Dec 9, 2009 7:09pm Dec 9, 2009 7:09pm
Quoting Big1red9
NM,

What pair and TF are you looking at please....
Looking at EJ at 30 min, I see the MA's pointing down with e 30 starting to hook. To me that means they are heading into being crossed up and such.

Thanks
BR
Yes it just reacted a little slower than the others, I think we are going to be searching for long entries again by the looks of things.

--NM
  • #947
  • Dec 9, 2009 7:09pm Dec 9, 2009 7:09pm
Man, I don't feel like I'll ever be able to pick this up. I have the MA lines loaded but other than that...I'm lost. I wanna make some pips too!
  • #948
  • Dec 9, 2009 7:12pm Dec 9, 2009 7:12pm
Well this trend lasted a couple days and did give up some pips so looks like we can look for more pips going the other way now. Because I think this ride could be over so unless it gets back into shape we will have to wait for it to get organized again

--NM.
  • #949
  • Dec 9, 2009 7:15pm Dec 9, 2009 7:15pm
Quoting NightMoves
The GBPJPY 1 hour chart is where you can see what could be a reversal pattern setting up and that is why I did not take the the 1 bar pullback I needed more proof and then it took off so I am glad I waited after it made the 1-2-3 pattern but only with a 1 bar pullback, and I like to see minimum of 2 bars 3 I would prefer but 2 is ok if the time frame is big enough.

--NM
gbpjpy also made a double bottom on the 1h chart
Chris
  • #950
  • Dec 9, 2009 7:15pm Dec 9, 2009 7:15pm
While the low for the past 2 days slightly penetrated the the 100 MA, this low is a higher low than the retracement of a month ago. That retracement was about 300 pips, this one was about 400 pips.

Is looking for a setup on this pair a reasonable risk?

If PA penetrating the 100 kills the pair, what brings it back? A new low swing above the 100?


Thanks
BR
  • #951
  • Dec 9, 2009 7:15pm Dec 9, 2009 7:15pm
Quoting NightMoves
Well this trend lasted a couple days and did give up some pips so looks like we can look for more pips going the other way now. Because I think this ride could be over so unless it gets back into shape we will have to wait for it to get organized again

--NM.
that may not be until tomorrow morning
Chris
  • #952
  • Dec 9, 2009 7:16pm Dec 9, 2009 7:16pm
Quoting NightMoves
The GBPJPY 1 hour chart is where you can see what could be a reversal pattern setting up and that is why I did not take the the 1 bar pullback I needed more proof and then it took off so I am glad I waited after it made the 1-2-3 pattern but only with a 1 bar pullback, and I like to see minimum of 2 bars 3 I would prefer but 2 is ok if the time frame is big enough.

--NM
Hi All. Here I am again trying to figure all this out. NM could you post the GRPJPY chart with the 1-2-3 you are talking about. That would help me a great deal. Looking for it but can't see it.

On the usdchf would this be a buy if we break 1.0275?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 52 KB
  • #953
  • Dec 9, 2009 7:16pm Dec 9, 2009 7:16pm
Quoting Big1red9
Hi Chris,

I dunno. I see something like NU shooting up and my brain kicks in and says spike with consolidation or a complete retrace. To me, NU does not have the clean MA pattern that would be considered ideal.

I think we are trying to find a TF and a pair that has high and low swings that the 30 and once in awhile the 50 MA's interact with. As it is said "Harmonic Swings". Then create and trade through more than setup over time.

I am struggling because... For me, watching the video is a no brainier it shows this works. My issue at the...
BR it just takes a little screen time and getting used to trading PA and not indicators, anyone that trades PA had to learn it no one is born with the talent everyone is taught, and PA is by far the best way to trade. But it does take practice but you will get it I am sure.

--NM
  • #954
  • Dec 9, 2009 7:21pm Dec 9, 2009 7:21pm
Quoting Scratch99
Hi All. Here I am again trying to figure all this out. NM could you post the GRPJPY chart with the 1-2-3 you are talking about. That would help me a great deal. Looking for it but can't see it.

On the usdchf would this be a buy if we break 1.0275?
Open the the 1hr chart on the G/J pair and look at the big "W" at the bottom of the chart, it is not a 1-2-3 per se but a big "W" and that is a reversal pattern during a downtrend, and a "M" is a reversal pattern in an uptrend, it is pretty clear on the 1hr chart. That is what I was tslking about and saying the this could turn on us, as soon as the was completed I it took off like a rocket to the upside.

--NM
  • #955
  • Dec 9, 2009 7:24pm Dec 9, 2009 7:24pm
If the G/J gets through that brush it is trying to get through then I am going to start looking for long entries again I think. The "W" is pretty pronounced and I am sure every Huge money player in the market has seen it by now...

--NM
  • #956
  • Dec 9, 2009 7:25pm Dec 9, 2009 7:25pm
Quoting NightMoves
Open the the 1hr chart on the G/J pair and look at the big "W" at the bottom of the chart, it is not a 1-2-3 per se but a big "W" and that is a reversal pattern during a downtrend, and a "M" is a reversal pattern in an uptrend, it is pretty clear on the 1hr chart. That is what I was tslking about and saying the this could turn on us, as soon as the was completed I it took off like a rocket to the upside.

--NM
Yes I see it. Thanks.
  • #957
  • Dec 9, 2009 7:34pm Dec 9, 2009 7:34pm
usdchf breaking trend line
Chris
  • #958
  • Dec 9, 2009 7:35pm Dec 9, 2009 7:35pm
NM,

I guess there is a fundamental misunderstanding on my part. I was under the impression the application of MA's and PA as it relates interacting with the MA's were hard fast rules.

Just trying to figure out what I know, what I thought I knew and what I need to learn.

Thanks
BR



Quoting NightMoves
BR it just takes a little screen time and getting used to trading PA and not indicators, anyone that trades PA had to learn it no one is born with the talent everyone is taught, and PA is by far the best way to trade. But it does take practice but you will get it I am sure.

--NM
  • #959
  • Dec 9, 2009 7:36pm Dec 9, 2009 7:36pm
Quoting Scratch99
Yes I see it. Thanks.
If it bounces and for some reason and the resistance at the level holds then we are still good, but if it gets through that resistance level then this ride is over imo, and we will have to ride back to the top again...but thats ok too...

--NM
  • #960
  • Dec 9, 2009 7:45pm Dec 9, 2009 7:45pm
Quoting Big1red9
NM,

I guess there is a fundamental misunderstanding on my part. I was under the impression the application of MA's and PA as it relates interacting with the MA's were hard fast rules.

Just trying to figure out what I know, what I thought I knew and what I need to learn.

Thanks
BR
The MA lines are nothing more than an indicator to give a good visual that a trend is in place, and once it start bouncing harmonically off that MA area then we have a tradable tend with low risk trades, if the lines are not in setup according to the rules then it is not tradable with low risk trades, meaning larger SL and more guess work as to where to enter, the trend will ALWAYS come back to those lines and it could change direction anywhere and imo taking a trade where the PA is not harminically swinging off of those is just too risky.

Those lines by themselves mean nothing however the larger impulse PA starts from those lines in a good trending market, if you go back and look at different charts you will see what I am saying, it may bounce and swing when not near those but the impulses are normally smaller. So I like to see price come back to that area before taking an entry. Make sense?

--NM
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