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Trend Trading All Pairs

  • #1,341
  • Dec 17, 2009 10:54am Dec 17, 2009 10:54am
Quoting Custos
yep, but this pair moved too much today, it really gotta retrace now at some point, so I can trade an LOB tomorrow
Right ow the E/U is like 80 pips over the ADR, I just cannot imagine it has much left to give out today....

--NM
  • #1,342
  • Dec 17, 2009 11:04am Dec 17, 2009 11:04am
I expect the E/U to retrace once it gets to the 143.00 level.

--NM
  • #1,343
  • Dec 17, 2009 11:10am Dec 17, 2009 11:10am
I think it will stop shortly at 1.4290
  • #1,344
  • Dec 17, 2009 11:12am Dec 17, 2009 11:12am
Quoting jado911
I think it will stop shortly at 1.4290
You may be very well correct on that, I am suprised it has moved this much already.

--NM
  • #1,345
  • Dec 17, 2009 11:12am Dec 17, 2009 11:12am
Quoting NightMoves
I expect the E/U to retrace once it gets to the 143.00 level.

--NM
Forgot to refresh before I post, 10 pips support zone
  • #1,346
  • Dec 17, 2009 11:13am Dec 17, 2009 11:13am
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
15 min has a H&S kinda but i normally use those for reversals but i guess it could be your entry
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 67 KB
Chris
  • #1,347
  • Dec 17, 2009 11:15am Dec 17, 2009 11:15am
Quoting NightMoves
You may be very well correct on that, I am suprised it has moved this much already.

--NM
Yeah, I hope after that it retraces back to the 1,4450-1,4480 level. Actually, I am gonna put a sell-order already right there. Gonna scale into that trade a little tomorrow and see how it goes. (I know, normally you should wait for reaction and so on, but hey, eur/usd broke daily support, the likelihood that it breaks up again is rather small in my opinion.)
  • #1,348
  • Dec 17, 2009 11:16am Dec 17, 2009 11:16am
Quoting gctrading1
15 min has a H&S kinda but i normally use those for reversals but i guess it could be your entry
Now if that was an inverted H&S then it would be reversal in this downtrend.

--NM
  • #1,349
  • Dec 17, 2009 11:16am Dec 17, 2009 11:16am
Quoting gctrading1
15 min has a H&S kinda but i normally use those for reversals but i guess it could be your entry
Oh, thanks for that hint! highly appreciated!
  • #1,350
  • Dec 17, 2009 11:18am Dec 17, 2009 11:18am
Quoting Custos
Yeah, I hope after that it retraces back to the 1,4450-1,4480 level. Actually, I am gonna put a sell-order already right there. Gonna scale into that trade a little tomorrow and see how it goes. (I know, normally you should wait for reaction and so on, but hey, eur/usd broke daily support, the likelihood that it breaks up again is rather small in my opinion.)
I agree, this looks like it could be a long ride to the down side this time around..

--NM
  • #1,351
  • Dec 17, 2009 11:23am Dec 17, 2009 11:23am
Maybe I post this prematurely, but looks to me like there is a head and shoulders forming on gbpaud H1 (right shoulder still missing).
The only counter trend trades I like to take are those kinds which happen at long-term S/R levels, and this one is right at one. Of course, not gonna go in with full lots in that, but nonetheless, could become a nice opportunity. What do you guys think?
  • #1,352
  • Dec 17, 2009 11:23am Dec 17, 2009 11:23am
Quoting Custos
Maybe I post this prematurely, but looks to me like there is a head and shoulders forming on gbpaud H1 (right shoulder still missing).
The only counter trend trades I like to take are those kinds which happen at long-term S/R levels, and this one is right at one. Of course, not gonna go in with full lots in that, but nonetheless, could become a nice opportunity. What do you guys think?
haha, sorry, forgot the chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud h1 17.12.2009.gif Size: 54 KB
  • #1,353
  • Dec 17, 2009 11:28am Dec 17, 2009 11:28am
Quoting Custos
haha, sorry, forgot the chart
It certainly has the makings of one, I see one at the bottom of your chart too..

--NM
  • #1,354
  • Dec 17, 2009 11:33am Dec 17, 2009 11:33am
Quoting NightMoves
Now if that was an inverted H&S then it would be reversal in this downtrend.

--NM
no it is just a regular H&S i am just trying to figure out what Custos is using as his entry my 1hr chart looks nothing like the one he posted. I do not see any S/R.
Chris
  • #1,355
  • Dec 17, 2009 11:35am Dec 17, 2009 11:35am
this is my 1H of the aud/cad
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 63 KB
Chris
  • #1,356
  • Dec 17, 2009 11:38am Dec 17, 2009 11:38am
Quoting gctrading1
this is my 1H of the aud/cad
well, besides your spike to the upside on one bar, it's pretty much the same. Just that I marked the boundaries of the range as I see it, but I agree, it's an ugly looking range. Anyways, still waiting for a bpc.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad h1 17.12.2009.gif Size: 55 KB
  • #1,357
  • Dec 17, 2009 11:41am Dec 17, 2009 11:41am
here is the eurgbp i posted about this AM on a 15 entry chart
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 50 KB
Chris
  • #1,358
  • Dec 17, 2009 11:42am Dec 17, 2009 11:42am
Quoting Custos
well, besides your spike to the upside on one bar, it's pretty much the same. Just that I marked the boundaries of the range as I see it, but I agree, it's an ugly looking range. Anyways, still waiting for a bpc.
ok i see i am sorry your entry chart is the 1H and the daily is your anchor chart?
Chris
  • #1,359
  • Dec 17, 2009 11:46am Dec 17, 2009 11:46am
Quoting gctrading1
ok i see i am sorry your entry chart is the 1H and the daily is your anchor chart?
yeah, with the daily chart I just wanted to show that we broke the d1 S/R level. Sorry for the confusion.

My setup chart is the H1.

best regards
  • #1,360
  • Dec 17, 2009 12:39pm Dec 17, 2009 12:39pm
Hi, attached is the H1 audjpy setup chart.
This could become a I don't know how to call it, maybe AOB (Asian open breakout)?

Red lines marking the range made in the ny session. If it does break to the downside, just be sure to close part or all of the trade at the green S/R level line. And only enter that one if it triggers in the asian session, which still takes a while to open

best regards
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy h1 17.12.2009.gif Size: 65 KB
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