Trend Trading All Pairs | Page 74 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading correlation pairs by using the other pairs 843 replies

28 Pairs Trading Panel (Multi-pairs) 0 replies

Export All pairs or selected pairs to .csv with script 3 replies

Daily Bar Analysis - All Pairs/All Welcome 15 replies

Trend Trading All Currency Pairs 3 replies

Attachments: Trend Trading All Pairs
Exit Attachments

Trend Trading All Pairs

  • #1,461
  • Dec 23, 2009 10:07pm Dec 23, 2009 10:07pm
merry xmas and a happy new yr. =D
  • #1,462
  • Dec 23, 2009 10:31pm Dec 23, 2009 10:31pm
MERRY CHRISTMAS 1!!

MAY YOUR TRADES BE SWEET AND THE TRENDS ALWAYS BE IN YOUR FAVOUR !!!

SHOMARI "PIPBANDIT" CLARKE

NM a special thanks and shout out to you and this awesome thread !! I bet out of all the threads on forex factory we bank the most pips !!
  • #1,463
  • Dec 23, 2009 11:31pm Dec 23, 2009 11:31pm
Quoting shomari
MERRY CHRISTMAS 1!!

MAY YOUR TRADES BE SWEET AND THE TRENDS ALWAYS BE IN YOUR FAVOUR !!!

SHOMARI "PIPBANDIT" CLARKE

NM a special thanks and shout out to you and this awesome thread !! I bet out of all the threads on forex factory we bank the most pips !!
Thanks Shomari,
I do not know if we bank the most pips but one thing for sure is we bank a lot of them, for the month of December I am over 400 pips on 6 trades and have decided not to trade now the rest of the month and I will wait until January to trade. I hope everyone on this thread is banking more pips now than they were when they first came in.

--NM
  • #1,464
  • Dec 23, 2009 11:33pm Dec 23, 2009 11:33pm
Quoting ja5on
merry xmas and a happy new yr. =D
And a Merry Christmas right back at ya!!

--NM
  • #1,465
  • Dec 24, 2009 1:32am Dec 24, 2009 1:32am
Quoting NightMoves
Merry christmas Everyone!!
merry christmas to you guys!
  • #1,466
  • Dec 24, 2009 4:39am Dec 24, 2009 4:39am
Merry Christmas to all

Lets all enjoy a nice christmas and start the new year with the right foot.

Pip
  • #1,467
  • Dec 24, 2009 4:48am Dec 24, 2009 4:48am
Hi all

Next week is study time for me and A MERRY CHRISTMAS AND A HAPPY NEW YEAR TO all

John from Durban, South Africa
  • #1,468
  • Dec 24, 2009 9:00am Dec 24, 2009 9:00am
Quoting jmcl
Hi all

Next week is study time for me and A MERRY CHRISTMAS AND A HAPPY NEW YEAR TO all

John from Durban, South Africa
Merry Christmas to you too jmcl. and have a great New Year!!

--NM
  • #1,469
  • Dec 24, 2009 11:09am Dec 24, 2009 11:09am
Quoting NightMoves
Here is how I set my entries, looking at the chart, we are in a down trend so I am looking to short this pair, You can see it has broken the retracement line, price is bouncing off a round number, I am near the MA lines, and then it breaks below the retracement line, I wait for the pullback, and when it continues on down below where the pullback started I place my entry, I placed my stop above the pullback high, if you do not wait for the pull back and place the entry as soon as it breaks the retracement line, well the retracement may never stop...
Hi Nightmoves,
I am trying to learn your system. Can you pinpoint the exact point of entry? At the point where the entry line crosses the down candle the pair starts going back up after the a small short profit. Without the benefit of the rest of the chart in real time would you continue to stay in the trade?

thanks
  • #1,470
  • Edited 12:10pm Dec 24, 2009 11:39am | Edited 12:10pm
Quoting unclek6
Hi Nightmoves,
I am trying to learn your system. Can you pinpoint the exact point of entry? At the point where the entry line crosses the down candle the pair starts going back up after the a small short profit. Without the benefit of the rest of the chart in real time would you continue to stay in the trade?

thanks
Hi unclek6,
Look at this chart, this is really a down trend on on the GBPJPY pair, and it is in a retracement, what I am looking for is a bounce off of a level of several S/R elements coming together all in the same area, you need sveral of them to make the setup stronger.

On this chart we had the trend line (does not have to be to the pip) the round number and a fibonacci area, I use an area between the 31% and 68% fibinacci number, it does not have to be the pip again. As long as you have a confluenece of elements come together withing a few pips of each other.

Now going back to the chart, the PA bounced off the round number at aspect #1, then there was a pullback that started at aspect #2, then
The at apsect #3 is where priced ended the pullback and the continuation pattern began.

You would enter the market at the point where the coninuation cleared aspect #2, and your SL would be placed right behind within a few pips of aspect #3. Does that help clear things up? If not let me know and I will add the enter and SL lines.

In this particular trade I have already moved my SL below my entry point.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: trade 123.gif Size: 29 KB
  • #1,471
  • Dec 24, 2009 11:58am Dec 24, 2009 11:58am
Quoting NightMoves
Hi unclek6,
Look at this chart, this is really a down trend on on the GBPJPY pair, and it is in a retracement, what I am looking for is a bounce off of a level of several S/R elements coming together all in the same area, you need sveral of them to make the setup stronger.

On this chart we had the trend line (does not have to be to the pip) the round number and a fibonacci area, I use an area between the 31% and 68% fibinacci number, it does not have to be the pip again. As long as you have a confluenece of elements come together withing a few...
If aspect #3 takes out aspect #1 then the setup is not valid, and then you need to search for a new setup, it can reach aspect #1 but it cannot take it out, if it does then scrap the setup and wait for a new one.

Thats how I do it, we call that the 1-2-3 formation, actually any reversal formation will work but I look for that 1-2-3 I think more than any other.

And it MUST happen in the area of the confluence of elements of S/R , those are the areas where we look for the trend retracement to end and a new trend impulse wave to start. Make sense?

--NM
  • #1,472
  • Dec 24, 2009 2:06pm Dec 24, 2009 2:06pm
Quoting NightMoves
If aspect #3 takes out aspect #1 then the setup is not valid, and then you need to search for a new setup, it can reach aspect #1 but it cannot take it out, if it does then scrap the setup and wait for a new one.

Thats how I do it, we call that the 1-2-3 formation, actually any reversal formation will work but I look for that 1-2-3 I think more than any other.

And it MUST happen in the area of the confluence of elements of S/R , those are the areas where we look for the trend retracement to end and a new trend impulse wave to start. Make sense?...
Thanks NM,
I am reading the post on 1-2-3 and confluence. I will post if I have questions. Great thread.
  • #1,473
  • Dec 24, 2009 11:15pm Dec 24, 2009 11:15pm
yes. take the holiday period to slowly digest =D
  • #1,474
  • Dec 28, 2009 5:14am Dec 28, 2009 5:14am
NM,

what are those MAs on your charts and how do you use them?

thks

Quoting NightMoves
Hi unclek6,
Look at this chart, this is really a down trend on on the GBPJPY pair, and it is in a retracement, what I am looking for is a bounce off of a level of several S/R elements coming together all in the same area, you need sveral of them to make the setup stronger.


--NM
  • #1,475
  • Dec 28, 2009 5:34am Dec 28, 2009 5:34am
Quoting coolshades
NM,

what are those MAs on your charts and how do you use them?

thks
30,50,100 sma..
  • #1,476
  • Dec 28, 2009 5:55am Dec 28, 2009 5:55am
EURJPY nice setup forming on H1 and M30 for a long.

Breakout is happening. Just need the Pull Back then Continuation to confirm.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 107 KB
  • #1,477
  • Dec 28, 2009 6:45am Dec 28, 2009 6:45am
Trigger Chart M15 buy stop above resistance.

For this to go higher it will need to break last trading day high.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 113 KB
  • #1,478
  • Dec 28, 2009 7:30am Dec 28, 2009 7:30am
Quoting Musashi
EURJPY nice setup forming on H1 and M30 for a long.

Breakout is happening. Just need the Pull Back then Continuation to confirm.
I would draw that one as a range, since as you pointed out, it should break the last high. Attached is H1 chart with the range as I would draw it.

Now, maybe some thoughts why this is maybe a less than perfect setup. At least I would say it is low quality.
1. Most people are still on holidays!
2. this pair tends to break out in the asian session or early london session. Now we are at the second half of london, not too likely to make a sizeable move.
3. I also attached a d1 chart of the eur/jpy. As you see, that pair just ranged around for the last couple of months. In my opinion, it is always better to see a pair trending, than ranging around (on higher time-frames) and then take a trade in that direction on the lower time frame.
In this specific example, if you are very conservative, wait till the pair breaks out of the huge d1 range, or as drawn on my chart, wait for one of the blue lines to be broken. So that you got some sort of higher time-frame consensus.
Quality of trades are always more important than quantity. just my 2 cents.

best regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy h1 28.12.2009.gif Size: 46 KB
Click to Enlarge Name: eurjpy d1 28.12.2009.gif Size: 51 KB
  • #1,479
  • Dec 28, 2009 8:03am Dec 28, 2009 8:03am
Still has plenty of room to the upside before reaching average daily range.

EURJPY moves quite a bit in NY session however.
  • #1,480
  • Dec 28, 2009 8:09am Dec 28, 2009 8:09am
Coolshades,
If you will go back and read the first 15-20 posts at the beginning of this thread, it will explain the system to you.
Regards,
Kunta

Quoting coolshades
NM,

what are those MAs on your charts and how do you use them?

thks
1 trader viewing now