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Trend Trading All Pairs

  • #2,101
  • Jan 14, 2010 8:12pm Jan 14, 2010 8:12pm

Quoting NightMoves
No not at all, once you get the break out and then a 2 or 3 bar pull back you should be good to go. If the pullback starts getting to 5 bars or higher then it may be time to rethink the setup.

Sometimes you get the pullback before the break out, as long as part of the 1-2-3 formation crosses through the trend line at some point the setup is valid.

--NM
  • #2,102
  • Jan 14, 2010 10:06pm Jan 14, 2010 10:06pm
Quoting Custos
good, gonna do that as well.

nzd/jpy also setting up for a pinbar right off 68.50 RN and around last high.

For any newbies out there, please don't trade this, this is just an experiment.
that's what I am talking about
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd m15 14.1.2010.gif Size: 54 KB
  • #2,103
  • Jan 15, 2010 12:05am Jan 15, 2010 12:05am
NM,

am a bit confused here.

in my opinion the audjpy was just as good to go long rather than short, and in fact a long trade would have been with the long term trend.

see chart attached. i am using a lousy picture editor, however i think we could have applied the 1,2,3 for the retracement from 86.1, the bounce off upwards from the long term upwards trendline, and then a continuation entry after two red bars.

i have indicated the entry with the long horizontal arrow.

Quoting NightMoves
Hey 70 pips is 70 pips no matter what, you will have more profitable weeks I am sure, this method is pretty solid has a good win to loss ratio.

Here the 2 charts, the setup and the trigger, normally I like to see at least a 2 or 3 bar pull back but sometimes especially during this session you just do not get it, so I had to go with just the one bar pullback.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyh4_bpc.jpg Size: 164 KB
  • #2,104
  • Jan 15, 2010 12:55am Jan 15, 2010 12:55am
gbpusd is looking good to the upside and euraud looks good to the down side
Chris
  • #2,105
  • Jan 15, 2010 2:44am Jan 15, 2010 2:44am
any other pairs that i am missing? Trading many pairs gets difficult
Chris
  • #2,106
  • Jan 15, 2010 2:47am Jan 15, 2010 2:47am
.6250 is the breaking point for the gbpusd it is no longer looking up
Chris
  • #2,107
  • Jan 15, 2010 3:04am Jan 15, 2010 3:04am
which tf? all i see are red bars.

Quoting gctrading1
gbpusd is looking good to the upside and euraud looks good to the down side
  • #2,108
  • Jan 15, 2010 3:12am Jan 15, 2010 3:12am
Quoting coolshades
which tf? all i see are red bars.
i posted later that gbpusd for now is not up but if it breaks .6354 we could see a nice run up and euraud is just going sideways still we will have to see. just not much to play right now
Chris
  • #2,109
  • Jan 15, 2010 4:38am Jan 15, 2010 4:38am
Hi NightMoves and other utilising the trend as your friend. I am using averages as my main trading tool. I have now see your Thread for the first time and will study it before I make any comment. Please to meet you all.

ps My trading is of a shorter term nature, mainly intra day. Maybe I am not that developed to trade the longer term moves. My favourite is the GPB/JPY pair (scary), but is also scary to cross the road if you do not look!!

Regards
  • #2,110
  • Jan 15, 2010 5:50am Jan 15, 2010 5:50am
Quoting coolshades
NM,

am a bit confused here.

in my opinion the audjpy was just as good to go long rather than short, and in fact a long trade would have been with the long term trend.

see chart attached. i am using a lousy picture editor, however i think we could have applied the 1,2,3 for the retracement from 86.1, the bounce off upwards from the long term upwards trendline, and then a continuation entry after two red bars.

i have indicated the entry with the long horizontal arrow.
Hi Coolshades,

The entry on that pair was not a long term trade I was after a whopping 40 pips based on the momentum breakout, I atually re-entered that after it got back down to my orignal entry which happened pretty quick, and my TP was just short of the previous days low, for 78 pips. During the Asian session I am very reluctant on any pair to take a trade for the long haul. That was the reason I took that trade and the fact that it had bounced off the daily resistance level reinforced the position. I had a very small lot size on that pair.

--NM
  • #2,111
  • Jan 15, 2010 5:53am Jan 15, 2010 5:53am
Quoting Woolly Worm
Hi NightMoves and other utilising the trend as your friend. I am using averages as my main trading tool. I have now see your Thread for the first time and will study it before I make any comment. Please to meet you all.

ps My trading is of a shorter term nature, mainly intra day. Maybe I am not that developed to trade the longer term moves. My favourite is the GPB/JPY pair (scary), but is also scary to cross the road if you do not look!!

Regards
Hi Woolly Worm and welcome to the thread,

For the most part that is the way we are trading as well, most of us are in and out the same day, but once in a while we may go longer, although I have not for sometime. But you welcome to post as well.

--NM
  • #2,112
  • Jan 15, 2010 5:56am Jan 15, 2010 5:56am
Just an update on this pinbar test, right now it is sitting at 45 pips.

--NM
  • #2,113
  • Jan 15, 2010 6:05am Jan 15, 2010 6:05am
thks. by how many pips did you enter the break? i think the low was 9495.

custos how is your gcad pb doing?

Quoting NightMoves
Just an update on this pinbar test, right now it is sitting at 45 pips.

--NM
  • #2,114
  • Jan 15, 2010 6:19am Jan 15, 2010 6:19am
Quoting coolshades
thks. by how many pips did you enter the break? i think the low was 9495.

custos how is your gcad pb doing?
I enterd at 84.57 an TP was 83.79.

--NM
  • #2,115
  • Jan 15, 2010 9:41am Jan 15, 2010 9:41am
anybody knows this?

Today I entered metatrader from a really crap wifi location and now my weekly bars are all messed up with huge wicks (like 10,000 pips apart). How can I make metatrader delete that data and reload it automatically?
I know that there is a history center where one can download data, but that data comes right from metaquotes and is not very reliable. I would prefer that metatrader reloads it automatically from the main broker source again.

Any suggestions?
  • #2,116
  • Jan 15, 2010 10:07am Jan 15, 2010 10:07am
Quoting Custos
anybody knows this?

Today I entered metatrader from a really crap wifi location and now my weekly bars are all messed up with huge wicks (like 10,000 pips apart). How can I make metatrader delete that data and reload it automatically?
I know that there is a history center where one can download data, but that data comes right from metaquotes and is not very reliable. I would prefer that metatrader reloads it automatically from the main broker source again.

Any suggestions?
I am not sure what would happen if you deleted all the data in the history center make sure you are off line when you do it, then shut down MT4 and then restart it. That might reload all the data for you. Just a thought.

--NM
  • #2,117
  • Jan 15, 2010 10:08am Jan 15, 2010 10:08am
Quoting Custos
anybody knows this?

Today I entered metatrader from a really crap wifi location and now my weekly bars are all messed up with huge wicks (like 10,000 pips apart). How can I make metatrader delete that data and reload it automatically?
I know that there is a history center where one can download data, but that data comes right from metaquotes and is not very reliable. I would prefer that metatrader reloads it automatically from the main broker source again.

Any suggestions?
never mind, already figured it out. was kind of tricky
  • #2,118
  • Jan 15, 2010 10:10am Jan 15, 2010 10:10am
Quoting NightMoves
I am not sure what would happen if you deleted all the data in the history center make sure you are off line when you do it, then shut down MT4 and then restart it. That might reload all the data for you. Just a thought.

--NM
Well, that didn't make it. I actually even uninstalled mt4, deleted everything and installed it again, and it still showed that bad bars, haha, until I figured out that metatrader saves the real history in some other really strange folder on my computer.

thanks anyways
  • #2,119
  • Jan 15, 2010 10:13am Jan 15, 2010 10:13am
Quoting Custos
Well, that didn't make it. I actually even uninstalled mt4, deleted everything and installed it again, and it still showed that bad bars, haha, until I figured out that metatrader saves the real history in some other really strange folder on my computer.

thanks anyways
LOL good to know, I had to change a few bars not long ago but not that many what folder does it store the data in?

--NM
  • #2,120
  • Jan 15, 2010 10:16am Jan 15, 2010 10:16am
Quoting Custos
Well, that didn't make it. I actually even uninstalled mt4, deleted everything and installed it again, and it still showed that bad bars, haha, until I figured out that metatrader saves the real history in some other really strange folder on my computer.

thanks anyways
My pin bar test is setting at -11 pips right now

--NM
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