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Trend Trading All Pairs

  • #1,321
  • Dec 17, 2009 4:43am Dec 17, 2009 4:43am
okay out first target .0528 is my next target
Chris
  • #1,322
  • Dec 17, 2009 5:30am Dec 17, 2009 5:30am
eur/gbp is setting up now just need a break
Chris
  • #1,323
  • Edited 5:44am Dec 17, 2009 5:31am | Edited 5:44am
still long chf taking some heat
Chris
  • #1,324
  • Dec 17, 2009 5:43am Dec 17, 2009 5:43am
eur/gbp
Attached Image (click to enlarge)
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Chris
  • #1,325
  • Dec 17, 2009 7:42am Dec 17, 2009 7:42am
Look at the GPBCHF, as we were talking about it was very close to the daily down trend line and it could not break it:

--NM
Attached Image (click to enlarge)
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  • #1,326
  • Edited 8:03am Dec 17, 2009 7:58am | Edited 8:03am
Quoting NightMoves
Look at the GPBCHF, as we were talking about it was very close to the daily down trend line and it could not break it:

--NM
weekly charts indicates a long, but if it drops to 1.6760 by Friday I'll keep the short, if it doesn't ill go long
any one took AUDUSD short this week?
Attached Image (click to enlarge)
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  • #1,327
  • Dec 17, 2009 8:10am Dec 17, 2009 8:10am
Quoting Custos
eur/usd just broke it's daily resistance, as so many other usd pairs. Now we got around 700 pips of free fall. Exciting opportunity. Hope low liquidity around christmas is not gonna screw the setups up. I am planning on getting in at a bigger lotsize than usual, once I get a nice setup.
I agree Custos, there could be be a big drop on this E/U pair, a lot of pairs to watch, it would be helpful I thinkfor the newbie traders if we posted what we are seeing like S/R levels and such. I wil post some charts as well.

--NM
  • #1,328
  • Dec 17, 2009 8:26am Dec 17, 2009 8:26am
Here is the E/U major supports as I see them on the daily chart:

Major support ( Previous swng highs)
1: 1.4331

2: 1.4338

3: 1.3556

There are some minor support levels in there as well 1.4228 is one of those support levels so expect price to react in some way around these levels..

--NM
Attached Image (click to enlarge)
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  • #1,329
  • Dec 17, 2009 9:15am Dec 17, 2009 9:15am
Quoting jado911
weekly charts indicates a long, but if it drops to 1.6760 by Friday I'll keep the short, if it doesn't ill go long
any one took AUDUSD short this week?
Yes the weekly trend on the AUDUSD has been long, but I see that is has broke below the weekly trendline which has been in place since March of 2008. I did take a short on the AUDUSD last night and once it finally made up its mind to go I did a few pips out of it.

--NM
Attached Image (click to enlarge)
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  • #1,330
  • Dec 17, 2009 9:23am Dec 17, 2009 9:23am
Quoting NightMoves
Yes the weekly trend on the AUDUSD has been long, but I see that is has broke below the weekly trendline which has been in place since March of 2008. I did take a short on the AUDUSD last night and once it finally made up its mind to go I did a few pips out of it.

--NM
Another sign that this longterm uptrend could be running out of steam is the daily trend is now testing the 100 MA which has not been done in a very long time.

--NM
Attached Image (click to enlarge)
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  • #1,331
  • Dec 17, 2009 9:45am Dec 17, 2009 9:45am
Quoting NightMoves
Yes the weekly trend on the AUDUSD has been long, but I see that is has broke below the weekly trendline which has been in place since March of 2008. I did take a short on the AUDUSD last night and once it finally made up its mind to go I did a few pips out of it.

--NM
I thought this thread is to trade the whole trend, not parts of it! im in at .9072
AUDJPY acting the same way too!
  • #1,332
  • Dec 17, 2009 9:59am Dec 17, 2009 9:59am
NM can you post your entry chart of aud last night please
Chris
  • #1,333
  • Dec 17, 2009 10:06am Dec 17, 2009 10:06am
Quoting NightMoves
I agree Custos, there could be be a big drop on this E/U pair, a lot of pairs to watch, it would be helpful I thinkfor the newbie traders if we posted what we are seeing like S/R levels and such. I wil post some charts as well.

--NM
Good idea NM,

gonna post more of the long-term charts so everybody is aware of the S/R levels!

best regards
  • #1,334
  • Dec 17, 2009 10:11am Dec 17, 2009 10:11am
Quoting NightMoves
Another sign that this longterm uptrend could be running out of steam is the daily trend is now testing the 100 MA which has not been done in a very long time.

--NM
I agree, furthermore, it always helps to draw major S/R levels. Right now aud/usd is plummeting through the daily resistance, like eur/usd. For now I will definitely only search for shorts and definitely not for longs.

best regards
Attached Image (click to enlarge)
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  • #1,335
  • Dec 17, 2009 10:21am Dec 17, 2009 10:21am
GBP/USD is not as clear for breaking the S/R level, however, if it does break the blue line (daily resistance), we can look for shorts all the way down to the black line (weekly resistance). 400 pips in there
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  • #1,336
  • Dec 17, 2009 10:36am Dec 17, 2009 10:36am
aud/cad is also looking good. Broke daily resistance. On the H1 it formed a kind of ugly range, but nonetheless I am gonna take the bpc there and wait for price hitting the round number for confirmation. With this trade I try to ride price down till the next S/R level.

best regards
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: audcad h1 17.12.2009.gif Size: 48 KB
  • #1,337
  • Dec 17, 2009 10:42am Dec 17, 2009 10:42am
Quoting Custos
aud/cad is also looking good. Broke daily resistance. On the H1 it formed a kind of ugly range, but nonetheless I am gonna take the bpc there and wait for price hitting the round number for confirmation. With this trade I try to ride price down till the next S/R level.

best regards
Thats another good setup, it is at the ADR so I do not know how much more it will move today but it still a good looking range to trade out of.

--NM
  • #1,338
  • Dec 17, 2009 10:44am Dec 17, 2009 10:44am
The E/U is trying to break out again.....
  • #1,339
  • Dec 17, 2009 10:46am Dec 17, 2009 10:46am
Here is the E/U 1 hr chart trying to go again...

--NM
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  • #1,340
  • Dec 17, 2009 10:52am Dec 17, 2009 10:52am
Quoting NightMoves
Here is the E/U 1 hr chart trying to go again...

--NM
yep, but this pair moved too much today, it really gotta retrace now at some point, so I can trade an LOB tomorrow
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