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Trend Trading All Pairs

  • #1,501
  • Dec 28, 2009 8:48am Dec 28, 2009 8:48am
Quoting Custos
very true, waiting till we get quality trades again!
Yep and we will get them again. I expect thnigs to start ranging this week and that probably will be messy.

--NM
  • #1,502
  • Dec 28, 2009 9:40am Dec 28, 2009 9:40am
I thought I would post a couple charts showing the 1-2-3 formation a little better than the previous post I made. The first chart is the 1hr Setup and then zoom into a smaller TF to look for the 1-2-3.

This is a much clearer picture of what needs to take place before you place an entry.

--NM
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1hre Setup Chart.png Size: 27 KB
Click to Enlarge Name: Entry and Stop Placement.png Size: 45 KB
  • #1,503
  • Dec 28, 2009 8:28pm Dec 28, 2009 8:28pm
Attached Image (click to enlarge)
Click to Enlarge Name: eaud.gif Size: 29 KB
Enjoying your thread nightmoves.I never got in this one but really like these pennant formations with the 3 higher low and 3 lower higher points on top and bottom especially close to the round numbers. We still may get a pullback here but the voltality is still low for me. Take care,Tex
  • #1,504
  • Dec 28, 2009 8:36pm Dec 28, 2009 8:36pm
Quoting tex123
Attachment Enjoying your thread nightmoves.I never got in this one but really like these pennant formations with the 3 higher low and 3 lower higher points on top and bottom especially close to the round numbers. We still may get a pullback here but the voltality is still low for me. Take care,Tex
Hi Tex,
I agree any of those type of formations are kind of fun to trade. The volumes are so low right now that the market gets pretty chaotic and for no reason a spike shows up just anywhere. So I stay out until things get back to normal.

--NM
  • #1,505
  • Dec 28, 2009 11:54pm Dec 28, 2009 11:54pm
Now that's more like it
  • #1,506
  • Dec 29, 2009 5:44am Dec 29, 2009 5:44am
Quoting NightMoves
Here is the USDCAD daily chart.

--NM
USDCAD broke the support on daily chart... I placed a short order with a profit target at Oct 15 close.
  • #1,507
  • Dec 29, 2009 6:13am Dec 29, 2009 6:13am
Quoting InvestMoney
USDCAD broke the support on daily chart... I placed a short order with a profit target at Oct 15 close.
Hello InvestMoney,
It looks as thought the USDCAD has a couple hundred pips before it finds any real support at around the 1.0205 level or so...

--NM
  • #1,508
  • Dec 29, 2009 6:41am Dec 29, 2009 6:41am
Trends popping up like Mushrrooms...

--MN
Attached Image
  • #1,509
  • Dec 29, 2009 6:52am Dec 29, 2009 6:52am
Quoting NightMoves
Hello InvestMoney,
It looks as thought the USDCAD has a couple hundred pips before it finds any real support at around the 1.0205 level or so...

--NM
I don't know, if I look at my weekly chart, we are banging right now against some pretty strong support.

And yes, I agree, so many trends popping up. In fact I was taking a small trade on gbp/cad, for nice 50 pips

best regards
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad w1 29.12.2009.gif Size: 52 KB
  • #1,510
  • Dec 29, 2009 6:57am Dec 29, 2009 6:57am
Quoting Custos
I don't know, if I look at my weekly chart, we are banging right now against some pretty strong resistance.

And yes, I agree, so many trends popping up. In fact I was taking a small trade on gbp/cad, for nice 50 pips

best regards
Yes I agree,

I am gald you grabbed some pips, a lot of the current trends right now are testing some strong support/resistance across the board, and the fact that we are in the low volume time of year you cant really trust what you see. So I am not trading this week I am just watching the show...

--NM
  • #1,511
  • Dec 29, 2009 7:01am Dec 29, 2009 7:01am
Quoting NightMoves
Yes I agree,

I am gald you grabbed some pips, a lot of the current trends right now are testing some strong support/resistance across the board, and the fact that we are in the low volume time of year you cant really trust what you see. So I am not trading this week I am just watching the show...

--NM
yes, I just got an itchy finger. When I saw so many pairs setting up, I put on a SMALL trade just to get a little bit of the action. But I agree right now everything is low volume, thus high risk and shouldn't be traded.
  • #1,512
  • Dec 29, 2009 7:09am Dec 29, 2009 7:09am
Quoting Custos
yes, I just got an itchy finger. When I saw so many pairs setting up, I put on a SMALL trade just to get a little bit of the action. But I agree right now everything is low volume, thus high risk and shouldn't be traded.
I am actually suprised the ADR on many of these pairs is being reached or very close to it, and the markets do not to seem to be as chaotic as they normally are for this time of year.

And I dont trust that, I am not going to fall for that old trick....

--NM
  • #1,513
  • Dec 29, 2009 1:48pm Dec 29, 2009 1:48pm
First chart Aud/jpy h1 setting up for an Asian Open Breakout in about 2 to 4 hours.
Second chart aud/nzd h4 setting up for a breakout to the downside.
Not gonna take any of them, since it's still holiday, but just showing them for reference. Well maybe on aud/jpy I would put on a very very small trade, but let's see, depends on how the reaction is.

best regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audjpy h1 29.12.2009.gif Size: 48 KB
Click to Enlarge Name: audnzd h4 29.12.2009.gif Size: 51 KB
  • #1,514
  • Dec 30, 2009 12:11am Dec 30, 2009 12:11am
Costos the aud/nzd looks good - it's banging up against some strong resisitance on the daily-good eyes my friend.We have one of those nice spike bars on the hourly .I may just take this one.Don't take care much for the spread but it could explode for a ways.We have a fairly descent wedge on the 15 min. Tex
  • #1,515
  • Dec 30, 2009 5:26am Dec 30, 2009 5:26am
Quoting Custos
First chart Aud/jpy h1 setting up for an Asian Open Breakout in about 2 to 4 hours.
Second chart aud/nzd h4 setting up for a breakout to the downside.
Not gonna take any of them, since it's still holiday, but just showing them for reference. Well maybe on aud/jpy I would put on a very very small trade, but let's see, depends on how the reaction is.

best regards
I see your AUD/JPY made the break during the London session, did you manage to get in on it?

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: 12-30-2009 7-17-23 AM aud_jpy.png Size: 41 KB
  • #1,516
  • Dec 30, 2009 8:09am Dec 30, 2009 8:09am
This looks like a deliberate attack on the GBP Crosses.....

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: End of year positioning.png Size: 23 KB
  • #1,517
  • Dec 30, 2009 12:04pm Dec 30, 2009 12:04pm
NM,Just closed my aud/nzd with a small profit. I'm done till after the first of the year-just not moving the way i like it.

Tex
  • #1,518
  • Dec 30, 2009 12:09pm Dec 30, 2009 12:09pm
Quoting tex123
NM,Just closed my aud/nzd with a small profit. I'm done till after the first of the year-just not moving the way i like it.

Tex
At least you took a profit, this final week of the year the market does not move like it normally would, and it can be difficult to have what would normally be a good valid setup carry through, a lot of chaotic movement and spikes for no apparent reason...etc so I just say out of the market.

After the 1st of the year I will look everything over and try and make a good assesment of what the market is telling me. Even the ADR is all messed up so it will take it while to get back to a point where it all makes sense again. But it will get organized again...same thing every year about this time.

--NM
  • #1,519
  • Dec 30, 2009 5:21pm Dec 30, 2009 5:21pm
Night Moves,

I wanted to thank you again for taking the time to share and help. Your putting in a ton of effort and lots of hours to help others. It is noticed.

I hope everyone had a great 2009 and will have a fantastic 2010!

HAPPY NEW YEAR
  • #1,520
  • Dec 30, 2009 6:12pm Dec 30, 2009 6:12pm
Quoting Big1red9
Night Moves,

I wanted to thank you again for taking the time to share and help. Your putting in a ton of effort and lots of hours to help others. It is noticed.

I hope everyone had a great 2009 and will have a fantastic 2010!

HAPPY NEW YEAR
HI Big1red9.

Your more than welcome and HAPPY NEW YEAR right back at ya!!!

--NM
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