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Trend Trading All Pairs

  • #1,741
  • Jan 9, 2010 10:05am Jan 9, 2010 10:05am
Many thanks guys.....appreciate the sharing of your experience.

Yup its a lot less cpu heavy on platforms without all the pairs.
  • #1,742
  • Jan 10, 2010 1:07am Jan 10, 2010 1:07am
Great info on this thread. I'm new to FX and looking for any helpa and ideas. Its great that every one is willing to share. Right now I'm trying several demos and reading reviews. A lot of reviews seem to be negative.
Looking forward to more of these posts. Like the simplicty Night Moves, great charts
  • #1,743
  • Edited 7:01am Jan 10, 2010 6:39am | Edited 7:01am
Quoting Mach5
Great info on this thread. I'm new to FX and looking for any helpa and ideas. Its great that every one is willing to share. Right now I'm trying several demos and reading reviews. A lot of reviews seem to be negative.
Looking forward to more of these posts. Like the simplicty Night Moves, great charts
Hi Mach,

Glad you like the thread, simple is always the best. I have used a lot of "systems' when I first started trading and none of the systems really worked all that well, so PA seems to be the ticket and a good sound method.

Nothing is bullet proof but this method seems to get the job done, and if you like to trade the longer time frames like daily and weekly it works on those time frames as well. Selling resistance and buying support is all it really is nothing magical.

Your welcome to post charts and ask questions there is enough good traders on this thread to get you in the right direction.

--NM
  • #1,744
  • Jan 10, 2010 7:35am Jan 10, 2010 7:35am
I made a mistake in my analysis, new positions for the week are:
AUDUSD: LONG TARGET .....
EURUSD: LONG ..... TARGET: BUY AT 1.4613 ... 1.4350 SL: 1.423
USDCHF: SHORT
EURCHF: SHORT
AUDJPY: LONG
CHFJPY: LONG
EURGBP: LONG
AGAINST THE YEN TO BUY PAIR OF 3 GMT
PAIR AGAINST THE SWISS FRANC ON THE MARKET OF AUSTRALIA
ENTER THE SHORT TO BE FROM A R1
THE PERSONS FROM A LONG S1
  • #1,745
  • Jan 10, 2010 10:02am Jan 10, 2010 10:02am
The pairs I am watching and looking for possible entries are:

Long Entires:
USDJPY 4hr (also showing an inside candle)
CADJPY 4hr
AUDJPY 4hr (Could be a short if we get a bounce)

Short Entries:
EURCAD 4hr
GBPAUAD 4hr

--NM
  • #1,746
  • Jan 10, 2010 10:14am Jan 10, 2010 10:14am
Hers is the USDJPY D1, Just a heads up that we are testing the upper daily trendline and we have an inside daily bar.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY daily down trend.png Size: 55 KB
  • #1,747
  • Jan 10, 2010 10:27am Jan 10, 2010 10:27am
Setup...
Attached Image (click to enlarge)
Click to Enlarge Name: AU4hr-1.jpg Size: 110 KB


Entry...
Attached Image (click to enlarge)
Click to Enlarge Name: AU1hr.jpg Size: 118 KB
  • #1,748
  • Jan 10, 2010 10:34am Jan 10, 2010 10:34am
Quoting Moxy_UK
Setup...
Attachment

Entry...
Attachment
The AUDUSD was a very nice setup about as clean as it gets.

--NM
  • #1,749
  • Jan 10, 2010 10:58am Jan 10, 2010 10:58am
Hey guys I'm a noobie to this thread but I'm having some encouraging success with the system. I'm demo trading now until I gain a confidence with entry/exits. I have had some really good trades. My trading success over the years has been sporadic at best.

Am I analyzing this chart correctly and do I see an entry at the 85.48 level if it holds on the open?

Thanks for the great thread and advice!

http://www.biggerbids.com/members/im...screenshot.jpg

  • #1,750
  • Jan 10, 2010 11:04am Jan 10, 2010 11:04am
Quoting Mach5
Great info on this thread. I'm new to FX and looking for any helpa and ideas. Its great that every one is willing to share. Right now I'm trying several demos and reading reviews. A lot of reviews seem to be negative.
Looking forward to more of these posts. Like the simplicty Night Moves, great charts
I've been trading fx for a while and I've had some success but really have just done well enough to not lose all of what little money I've got. I'm new to these forums and I've gotten some great tips from them so far. I've been making some better trades based on NightMoves system and this thread alone.
  • #1,751
  • Jan 10, 2010 11:07am Jan 10, 2010 11:07am
Quoting NightMoves
Hers is the USDJPY D1, Just a heads up that we are testing the upper daily trendline and we have an inside daily bar.

--NM
Hello NM

On this chart which is our set up chart, price has bounced from confluence of daily trend line, 50% fib and RN 94, but MAs are not stacked on top of each other, does this not bother you?
Regards
  • #1,752
  • Jan 10, 2010 11:11am Jan 10, 2010 11:11am
Quoting howard
Hello NM

On this chart which is our set up chart, price has bounced from confluence of daily trend line, 50% fib and RN 94, but MAs are not stacked on top of each other, does this not bother you?
HI Howard,

On the setup chart I like to see the MA's pointing in the same direction and in order it gives me a little more confidence that the trend is established, on the trigger chart they do not have to be, the trigger chart is just where your looking for the reversal formation. Make sense?

--NM
  • #1,753
  • Jan 10, 2010 11:17am Jan 10, 2010 11:17am
Quoting NightMoves
HI Howard,

On the setup chart I like to see the MA's pointing in the same direction and in order it gives me a little more confidence that the trend is established, on the trigger chart they do not have to be, the trigger chart is just where your looking for the reversal formation. Make sense?

--NM
That is what I mean, on the D1 setup chart are the MAs pointing at the same direction?
Regards
  • #1,754
  • Jan 10, 2010 11:27am Jan 10, 2010 11:27am
Quoting howard
That is what I mean, on the D1 setup chart are the MAs pointing at the same direction?
Ok I see what your saying, I have been trading that on a smaller TF even though the upper daily down trend is now being tested, on the 4 hour TF there is a clear uptrend and that is what has been tradable.

Now that the retracement has made it back to the top then there is a good chance that the down trend will pick up again.

So basically I am trading trends within trends if the retracements go long enough to start trending then I will trade them up to the S/R levels and watch price action around those levels.

So I try and catch as many trends as I can catch.

Hope that helps..

--NM
  • #1,755
  • Jan 10, 2010 11:32am Jan 10, 2010 11:32am
Quoting NightMoves
Ok I see what your saying, I have been trading that on a smaller TF even though the upper daily down trend is now being tested, on the 4 hour TF there is a clear uptrend and that is what has been tradable.

Now that the retracement has made it back to the top then there is a good chance that the down trend will pick up again.

So basically I am trading trends within trends if the retracements go long enough to start trending then I will trade them up to the S/R levels and watch price action around those levels.

So I try and catch as many trends...
That is great
Regards
  • #1,756
  • Jan 10, 2010 11:37am Jan 10, 2010 11:37am
Quoting howard
That is great
Its a pretty simple method, you just have to be aware of the smaller trends colliding with the larger trends in opposite directions which the larger trend ususally wins that battle...

--NM
  • #1,757
  • Jan 10, 2010 11:37am Jan 10, 2010 11:37am
Quoting howard
That is what I mean, on the D1 setup chart are the MAs pointing at the same direction?
for usdjpy, the weekly chart is the setup chart. D1 is the trigger chart in my opinion.

best regards
  • #1,758
  • Jan 10, 2010 11:41am Jan 10, 2010 11:41am
Quoting NightMoves
The pairs I am watching and looking for possible entries are:

Long Entires:
USDJPY 4hr (also showing an inside candle)
CADJPY 4hr
AUDJPY 4hr (Could be a short if we get a bounce)

Short Entries:
EURCAD 4hr
GBPAUAD 4hr

--NM
as mentioned last week I also think that usd/cad and gbp/chf are good for trading it to the downside.

GBP/CAD could also show a possible setup to the downside the upcoming week
  • #1,759
  • Jan 10, 2010 11:46am Jan 10, 2010 11:46am
Quoting Custos
for usdjpy, the weekly chart is the setup chart. D1 is the trigger chart in my opinion.

best regards
You could go that route as well the trend line is the same on both charts, and with the daily inside candle it could easily continue up or it may reverse and continue the down trend. I have my alarms set in both directions on that pair.

--NM
  • #1,760
  • Jan 10, 2010 11:48am Jan 10, 2010 11:48am
Quoting Custos
as mentioned last week I also think that usd/cad and gbp/chf are good for trading it to the downside.

GBP/CAD could also show a possible setup to the downside the upcoming week
I could not agree with you more. I have alarms set on those as well, if all these pairs I have alarms set on play through it is going to be quite noisy in this office for a few minutes....

--NM
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