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Trend Trading All Pairs

  • #1,201
  • Dec 13, 2009 8:20pm Dec 13, 2009 8:20pm
waiting for the pullback and continuation for UJ now. =D it broke out of retracement line alr
  • #1,202
  • Dec 13, 2009 9:10pm Dec 13, 2009 9:10pm
Quoting ja5on
waiting for the pullback and continuation for UJ now. =D it broke out of retracement line alr
I actually shorted the pair based off my earlier analysis that this is a 1-2-3 formation on the daily, and closed out the first half 66 pips, and the second half was up 80 pips it is has pulled back some now and it is at 67 pips.

This was a more risky trade than I ususally take but after the 144.50 was broke I figured my daily setup was correct and I figure I would trade it on down if I could.

--NM
  • #1,203
  • Dec 13, 2009 9:15pm Dec 13, 2009 9:15pm
Here is where I entered the Trade and my second TP is based on the ADR:

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy trade sunday.gif Size: 30 KB
  • #1,204
  • Dec 13, 2009 9:55pm Dec 13, 2009 9:55pm
Quoting NightMoves
Here is where I entered the Trade and my second TP is based on the ADR:

--NM
I closed it out at 143.11 for +114 pips on the second half, It might make the ADR but I figures it has to be getting close to a retracement and I dont want to give that many pips back.

--NM
  • #1,205
  • Dec 13, 2009 10:21pm Dec 13, 2009 10:21pm
Quoting NightMoves
I closed it out at 143.11 for +114 pips on the second half, It might make the ADR but I figures it has to be getting close to a retracement and I dont want to give that many pips back.

--NM
OK I did not expect that kind of retracement.....

--NM
  • #1,206
  • Dec 13, 2009 10:24pm Dec 13, 2009 10:24pm
Quoting NightMoves
OK I did not expect that kind of retracement.....

--NM
Where in the heck is that coming from???? WOW am I glad I closed that when I did...

--NM
  • #1,207
  • Dec 13, 2009 10:28pm Dec 13, 2009 10:28pm
* 14 Dec 09: 04:22(SGA) - FX NOW! USD/JPY, AUD/JPY Flows - Cross/JPY jumps on news Dubai to pay back $4.1b Sukuk
  • #1,208
  • Dec 13, 2009 10:32pm Dec 13, 2009 10:32pm
Quoting forextine
* 14 Dec 09: 04:22(SGA) - FX NOW! USD/JPY, AUD/JPY Flows - Cross/JPY jumps on news Dubai to pay back $4.1b Sukuk
is that the cause of this? all pairs going nuts right now....
  • #1,209
  • Dec 13, 2009 10:37pm Dec 13, 2009 10:37pm
Quoting NightMoves
I actually shorted the pair based off my earlier analysis that this is a 1-2-3 formation on the daily, and closed out the first half 66 pips, and the second half was up 80 pips it is has pulled back some now and it is at 67 pips.

This was a more risky trade than I ususally take but after the 144.50 was broke I figured my daily setup was correct and I figure I would trade it on down if I could.

--NM
the one u posted was GJ pair? hmm i dont see any set up on their charts.
  • #1,210
  • Dec 13, 2009 10:37pm Dec 13, 2009 10:37pm
Quoting forextine
* 14 Dec 09: 04:22(SGA) - FX NOW! USD/JPY, AUD/JPY Flows - Cross/JPY jumps on news Dubai to pay back $4.1b Sukuk
WOW I thought I missed some news on the calendar. I cut that kind of close, did anyone know this new was coming out before it did?????

--NM
  • #1,211
  • Dec 13, 2009 10:56pm Dec 13, 2009 10:56pm
Quoting ja5on
the one u posted was GJ pair? hmm i dont see any set up on their charts.
I used the daily chart and just took a chance that it was a 1-2-3 setup and there was a HnS on the 30 min chart, after it bounced off the trendline again and then broke the 144.00 I took the trade... But I may never do it again, it was more risky than I should have taken and then the news come out that was not expected, and I just got out in time....LUCK!!

SO there is a reason I do not take risky trades I just plain got lucky on this one....

--NM
  • #1,212
  • Dec 13, 2009 10:58pm Dec 13, 2009 10:58pm
Quoting pkmurphys
is that the cause of this? all pairs going nuts right now....
It is amazing what a paid bill can do...

--NM
  • #1,213
  • Dec 13, 2009 11:03pm Dec 13, 2009 11:03pm
Quoting NightMoves
I used the daily chart and just took a chance that it was a 1-2-3 setup and there was a HnS on the 30 min chart, after it bounced off the trendline again and then broke the 144.00 I took the trade... But I may never do it again, it was more risky than I should have taken and then the news come out that was not expected, and I just got out in time....LUCK!!

SO there is a reason I do not take risky trades I just plain got lucky on this one....

--NM
yea haha
actually in the daily chart there is no confluence of S/R. mayb the UJ pair has it. but the GJ pair seems to be abit messy in the daily. so i suppose u based on the UJ pair to see where the yen pair will go? or am i seeing things wrong.
  • #1,214
  • Dec 13, 2009 11:14pm Dec 13, 2009 11:14pm
Quoting ja5on
yea haha
actually in the daily chart there is no confluence of S/R. mayb the UJ pair has it. but the GJ pair seems to be abit messy in the daily. so i suppose u based on the UJ pair to see where the yen pair will go? or am i seeing things wrong.
Here is what I was looking at as a 1-2-3 on the daily the big bounce off the daily trent line and I figured I would trad it dowm because there was so much room and would probabaly trend to there anyway...really risky...really really risky, but once it crossed the 144.00 and the HnS showed on the 30 min chart I took the trade...and just got out in time and I kept my pips ....

But I am sure I will never try that play again....

--NM

Oops forgot the chart here it is..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 1-2-3.gif Size: 29 KB
  • #1,215
  • Dec 13, 2009 11:24pm Dec 13, 2009 11:24pm
ohh.. haha. thats nice. so for this time u nv use the confluence of S/R.
that's close. haha. rules are meant to be broken right. haha
  • #1,216
  • Dec 13, 2009 11:31pm Dec 13, 2009 11:31pm
Quoting ja5on
ohh.. haha. thats nice. so for this time u nv use the confluence of S/R.
that's close. haha. rules are meant to be broken right. haha
Well I took a silly chance and I think it would have made the ADR going to the downside if silly Dubai would not have paid thier bill on time...

--NM
  • #1,217
  • Dec 13, 2009 11:36pm Dec 13, 2009 11:36pm
Quoting ja5on
ohh.. haha. thats nice. so for this time u nv use the confluence of S/R.
that's close. haha. rules are meant to be broken right. haha
I am going to call it quits for tonight that was too close, I think I just lost about 10 years of life span, I cannot believe I closed that down before it shot up like a rocket....way too close...never try this at home....Wow...

I am out of here for now any way good luck if you take a trade...



--NM
  • #1,218
  • Dec 14, 2009 12:23am Dec 14, 2009 12:23am
any pairs u guys looking at now? =D
  • #1,219
  • Dec 14, 2009 2:18am Dec 14, 2009 2:18am
Quoting ja5on
any pairs u guys looking at now? =D
well, I don't have any intraday-trades, at least for the london session. However, I got on almost every pair a setup from H4 to weekly, so I don't think anything is gonna trigger today.

oh yeah, I also took a very risky short on usd/chf at the weekly trendline, and moved my stop already to breakeven, so it's a risk free trade.

best regards
  • #1,220
  • Dec 14, 2009 2:43am Dec 14, 2009 2:43am
Quoting ja5on
any pairs u guys looking at now? =D

Based on the fibonacci levels for the EUR/USD pair, I am anticipating a possible wave 3 down. Monthly, weekly, daily and 4 hour charts confirmation apply. Any thoughts?
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