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Trend Trading All Pairs

  • #1,901
  • Jan 12, 2010 9:19am Jan 12, 2010 9:19am
Quoting Big1red9
Morning,

What are the typical TF's that are used to scan for pairs?

Does not appear to be many options for long term trends. I have found a couple using weekly data, but without studying it, I would guess the stop on those are quite high because of bar range.

On the other end, I have found a few that are turning using 4 hr data.

Thanks for the input,

BR
I normally trade the daily on down to the 30 min TF. But I always look at the longer TF for the major S/R levels for those kinds of trades. It seems right now many of the pairs are at those levels so we could be seeing a change in many of the trends but they may continue too.

I do not ususally keep a trade open more than a couple of days at most, usually in and out the same day but not always. So all TF are looked at, when you find a trend on one pair in say the Dialy TF then just keep switching TF and see what it looks like it may not look good on TF but there may be a trend on another.

We have an indicator in the left upper corner of our charts that kind of helps in that respect but again its only and indicator and you really have to look at the TF too see if there is any possible trades coming up.

--NM
  • #1,902
  • Jan 12, 2010 9:20am Jan 12, 2010 9:20am
on that pair i am sitting on the fence. if the daily closes above the dtl, i might go long.

lets see how daily candle closes. are you already short?

Quoting jonjon
If u look at indicators ur jury may still be out -))
However if u look at price and price action a clue may be gleemed. -))

Oh well thats what makes a market .... give a pic to 5 pple and they see 5 diff things. Dosen't that make trading so much more fullfilling ? LOL

Oh well key is being on the right side more often than not ...

M still a rookie so just sharing...

Wat do u see coolshades ?
  • #1,903
  • Jan 12, 2010 9:23am Jan 12, 2010 9:23am
Quoting Pip Dawg
Question for anyone out there.....

Do you guys typically run the Fibs on the longer term charts or will you use them on the shorter time frames like the trigger chart as well. I'm currently using the longer term charts to run my Fibs.
On the trigger chart I do not use the fibs, I only use them on the setup chart. Once you find the setups on the setup chart your fibs should already be drawn, and now you switch to the trigger and look for an entry and SL placement.

So use your setup chart for the fibs and your S/R levels. Once you find those levels on the setup then use the trigger to fine tune your entry.

--NM
  • #1,904
  • Jan 12, 2010 9:28am Jan 12, 2010 9:28am
Quoting coolshades
on that pair i am sitting on the fence. if the daily closes above the dtl, i might go long.

lets see how daily candle closes. are you already short?
Remember guys if you do not see a setup...then it is not there if you have to look hard and create one then pass it up.

--NM
  • #1,905
  • Jan 12, 2010 9:32am Jan 12, 2010 9:32am
i trade a mix of bwilc and trend trading. so if i went long on break of dtl it wld be via a different system.

Quoting NightMoves
Remember guys if you do not see a setup...then it is not there if you have to look hard and create one then pass it up.

--NM
  • #1,906
  • Jan 12, 2010 9:39am Jan 12, 2010 9:39am
Quoting coolshades
i trade a mix of bwilc and trend trading. so if i went long on break of dtl it wld be via a different system.
Oh ok, I really only trade the trends but there are a million ways to trade this market for sure.

--NM
  • #1,907
  • Jan 12, 2010 9:50am Jan 12, 2010 9:50am
almost every trading system is a variant of trend trading or counter trend trading.

Quoting NightMoves
Oh ok, I really only trade the trends but there are a million ways to trade this market for sure.

--NM
  • #1,908
  • Jan 12, 2010 9:59am Jan 12, 2010 9:59am
Hi coolshades

short ? nah! am long since 7360

Interesting acronyms u have -))

Anyway thks for sharing... rookie learning here -))
  • #1,909
  • Jan 12, 2010 10:02am Jan 12, 2010 10:02am
Quoting coolshades
almost every trading system is a variant of trend trading or counter trend trading.
You are right well any of the good methods are, I think about 95% of these methods came from the stock markets even though I have never traded stocks everything I have read about the stock markets was the same as trading this for the most part, there are some differences of course but pretty much the same thing.

A lot of the stock traders I know say this is more difficult to trade than stocks are, but the rewards are higher as well so I guess there is a trade off.

--NM
  • #1,910
  • Jan 12, 2010 10:11am Jan 12, 2010 10:11am
Quoting NightMoves
You are right well any of the good methods are, I think about 95% of these methods came from the stock markets even though I have never traded stocks everything I have read about the stock markets was the same as trading this for the most part, there are some differences of course but pretty much the same thing.

A lot of the stock traders I know say this is more difficult to trade than stocks are, but the rewards are higher as well so I guess there is a trade off.

--NM
Technical analysis is technical analysis regardless of market. I think that the stocks are more difficult because of all the things that can go wrong with a company. There is no corporate malfeasance in 4x.

Once I started trading 4x I forgot what a stock was....4x rocks!
  • #1,911
  • Jan 12, 2010 10:12am Jan 12, 2010 10:12am
Anyone trade gold ?

Just a belief of mine that any sound approach should work across diff. mkts -))
So just testing ...
Attached Images
  • #1,912
  • Jan 12, 2010 10:18am Jan 12, 2010 10:18am
Equities, FX or commodities or indices etc all have their own personality.

Learning a markets idiosyncracies ( sori for mis spell) is all it takes for a fair shot at trading it. -))

Price action usually quite useful for this -))

But i do share pipdawg's sentiment .....FX rocks !! LOL
  • #1,913
  • Jan 12, 2010 10:19am Jan 12, 2010 10:19am
nope. my acct size not large enough for it.

coming back to nzdusd, am totally lost now. if you are long from 730 odd, why were you bothered about the developing bpc?

or was it to scale in more positions?

btw can i ask how you trade? 730 was a very good entry.



Quoting jonjon
Anyone trade gold ?

Just a belief of mine that any sound approach should work across diff. mkts -))
So just testing ...
  • #1,914
  • Jan 12, 2010 10:30am Jan 12, 2010 10:30am
Quoting jonjon
Here Custos nzd day
hm, I would require a bit more of an S/R level. If the weekly is the setup chart, you see we bounced off the fibs and a very round number (0.7000), but I don't really see a significant S/R level it bounced off from. With that I mean a significant swing high/low. It probably will still be a profitable trade. But it's just not an A+ setup, maybe only a B+/A setup. Just my opinion.
  • #1,915
  • Jan 12, 2010 10:47am Jan 12, 2010 10:47am
Custos

Thanks noted ... appreciate the input great for my learning curve -))


coolshades

i showed the nzd chart for the bpc to my sight -))
I trade a different approach that i have used for .......-))
Its a very simple ema base mapping approach with pa. Just my trend approach.
The way i trade across markets in indices, commodities, and FX
I apply it exactly the same way without deviation.


Sori for the confusion as it was not base on the method discussed here.
As mentioned earlier am here to learn to trade a trend within a trend -))
Since i do have a bit of time on my hands as my trades usually takes a while to unfold in either set ups or development.

basically am just a one sided trader -)) However, i find the approach discussed here as a sound approach in many ways.

M very thankful to NM for starting this thread and the sharing by custos and others.

PS. 7360 is not that great LOL M always late -))
  • #1,916
  • Jan 12, 2010 10:48am Jan 12, 2010 10:48am
usdjpy is about to break through daily support. Then searching for a bpc off it and shorts on lower time-frames.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy d1 12.1.2010.gif Size: 57 KB
  • #1,917
  • Jan 12, 2010 10:56am Jan 12, 2010 10:56am
maybe I am overly optimistic, but I still think gbp/aud has a chance for going down. Right now it kind of formed a range on the H4 chart. Would love to see a break below that range in the upcoming days.
  • #1,918
  • Jan 12, 2010 10:57am Jan 12, 2010 10:57am
Quoting jonjon
Hi coolshades

short ? nah! am long since 7360

Interesting acronyms u have -))

Anyway thks for sharing... rookie learning here -))
Shouldn't your entry have been at 7369?
  • #1,919
  • Jan 12, 2010 11:34am Jan 12, 2010 11:34am
NM,

Thank you.

Is the indi in the thread?

Thanks
BR

Quoting NightMoves
I normally trade the daily on down to the 30 min TF. But I always look at the longer TF for the major S/R levels for those kinds of trades. It seems right now many of the pairs are at those levels so we could be seeing a change in many of the trends but they may continue too.

I do not ususally keep a trade open more than a couple of days at most, usually in and out the same day but not always. So all TF are looked at, when you find a trend on one pair in say the Dialy TF then just keep switching TF and see what it looks like it may not look good...
  • #1,920
  • Jan 12, 2010 11:35am Jan 12, 2010 11:35am
Pip Dawg,
Thank you,
BR

Quoting Pip Dawg
I've been using the 1H to scan for trend and the 15 min for the trigger chart. I've also been checking the longer term charts for S/R levels and trend info. I've had some decent trades so far over the last week or so.
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