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Trend Trading All Pairs

  • #1,381
  • Dec 17, 2009 10:12pm Dec 17, 2009 10:12pm
Quoting ja5on
any pairs u guys watching now? i see a retracement trendline to the confluence s/r for most USD pairs. waiting for breakout. and pullback.
Pretty much the same most of the USD crosses right now look pretty good.

--NM
  • #1,382
  • Dec 17, 2009 10:46pm Dec 17, 2009 10:46pm
Quoting ja5on
any pairs u guys watching now? i see a retracement trendline to the confluence s/r for most USD pairs. waiting for breakout. and pullback.
Looks like we are going to have to wait for the London session to get these to move...

--NM
  • #1,383
  • Dec 17, 2009 10:50pm Dec 17, 2009 10:50pm
Quoting NightMoves
Looks like we are going to have to wait for the London session to get these to move...

--NM
ya agreed. u can go hit the sack first. set alarms! haha.
  • #1,384
  • Dec 17, 2009 10:58pm Dec 17, 2009 10:58pm
Quoting ja5on
ya agreed. u can go hit the sack first. set alarms! haha.
Alarms are set and ready to go...I will talk you again after the first alarm gets triggered.

--NM
  • #1,385
  • Dec 18, 2009 1:10am Dec 18, 2009 1:10am
Hello all,

I have just posted an updated version of my trading method for anyone interested. Bear necessities over my way.

Desert Island Trading Journal
__________________
  • #1,386
  • Dec 18, 2009 1:13am Dec 18, 2009 1:13am
any one took the eu trade?
  • #1,387
  • Dec 18, 2009 1:29am Dec 18, 2009 1:29am
Quoting ja5on
any one took the eu trade?
I have been short here since the first part of the month.
  • #1,388
  • Dec 18, 2009 6:58am Dec 18, 2009 6:58am
Quoting TaoTrader
I have been short here since the first part of the month.
short for a whole week now
  • #1,389
  • Dec 18, 2009 8:42am Dec 18, 2009 8:42am
Seems to be trading into a nice breakout point....

Attached Image (click to enlarge)
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  • #1,390
  • Dec 18, 2009 8:49am Dec 18, 2009 8:49am
Quoting 420trader
Seems to be trading into a nice breakout point....

Attachment
Hi 420trader,
I see it looks pretty good, that is one pair I have never really traded, something about those long wicks...

--NM
  • #1,391
  • Dec 18, 2009 8:57am Dec 18, 2009 8:57am
Quoting NightMoves
Hi 420trader,
I see it looks pretty good, that is one pair I have never really traded, something about those long wicks...

--NM

NM

Yea I see what your talking bout. I am waiting the 10am 1h candle before deciding.
  • #1,392
  • Edited 10:01am Dec 18, 2009 9:47am | Edited 10:01am
EU just broke the S, now I'll wait for it to close the 4hr below the S and keep my short for another week
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  • #1,393
  • Edited 10:24am Dec 18, 2009 10:08am | Edited 10:24am
GBPAUD short from 4hr

Forgot to do the bpc on this one
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  • #1,394
  • Dec 18, 2009 11:24am Dec 18, 2009 11:24am
Quoting jado911
GBPAUD short from 4hr

Forgot to do the bpc on this one
The bpc can really keep your drawdowns to a minimum. We us 3 MA average lines to determine which pair is actually trending and on what time frame it is trending. If the pair is just dropping it really is not trending until you see the harmonic swings. So I like to wait until it gets in a trendiing mode, lets say we are down trending, then I like to wait for the impulse wave, then the retracement, at the point where the retracement stops is where I look for an entry point.

I look for those retracements around the area where several elements of S/R come together Fibo, RN, previous swing lows (in the case of a downtrend)..etc in this method we need a confluence of those elements to come together one or two elements is notmally not enough for a low risk trade imo.

The MA lines let us know if we are trending or if the markert is not trending.

--NM
  • #1,395
  • Dec 18, 2009 11:26am Dec 18, 2009 11:26am
Quoting jado911
GBPAUD short from 4hr

Forgot to do the bpc on this one
Here is an example of what we would consider a good low risk High probability tradeable trend:

--NM
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  • #1,396
  • Dec 18, 2009 11:30am Dec 18, 2009 11:30am
Quoting jado911
GBPAUD short from 4hr

Forgot to do the bpc on this one
And here is what I would consider not tradeable:

--NM
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  • #1,397
  • Dec 18, 2009 11:44am Dec 18, 2009 11:44am
Here is what I am seeing today, according to the dashboard trend locator. I have not looked at all of these.

--NM
Attached Image
  • #1,398
  • Dec 18, 2009 12:11pm Dec 18, 2009 12:11pm
Hi Nightmoves:

Can you turn on "Show OHLC" on your charts?

I often can't tell what pair or timeframe you are talking about and I have seen several persons with the same difficulty.

Keep up the good work - this thread is the best trend following one yet!

Regards,
JS
  • #1,399
  • Dec 18, 2009 4:35pm Dec 18, 2009 4:35pm
Quoting NightMoves
The bpc can really keep your drawdowns to a minimum. We us 3 MA average lines to determine which pair is actually trending and on what time frame it is trending. If the pair is just dropping it really is not trending until you see the harmonic swings. So I like to wait until it gets in a trendiing mode, lets say we are down trending, then I like to wait for the impulse wave, then the retracement, at the point where the retracement stops is where I look for an entry point.

I look for those retracements around the area where several elements of...
I see, I'll keep eye for those MA's. 30,50, and 100
  • #1,400
  • Dec 18, 2009 4:43pm Dec 18, 2009 4:43pm
Quoting euro_dude
Hi Nightmoves:

Can you turn on "Show OHLC" on your charts?

I often can't tell what pair or timeframe you are talking about and I have seen several persons with the same difficulty.

Keep up the good work - this thread is the best trend following one yet!

Regards,
JS
HI euro_dude,
I will post the the pair and TF on the next post,, the last couple of charts were just examples of what I would consider low riks tradable and what I would consider not tradable or to risky to get into. But yes I will add the TF and currency pair.

Glad you like the thread there are some good traders out here with a lot of good information and techniques.

--NM
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