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Trend Trading All Pairs

  • #2,121
  • Jan 15, 2010 12:22pm Jan 15, 2010 12:22pm
MY AUDJPY trade would be sitting at 80 pips right now, I closed it at almost that now it is back down there.

--NM
  • #2,122
  • Edited 12:28pm Jan 15, 2010 12:25pm | Edited 12:28pm
Quoting NightMoves
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
on mine it's C:/user/acer/AppData/Local/VirtualStore/Programs/metatrader

and then you have a folder history in there and in that one you should find all the saved history data. Just delete the history file for the pair and time-frame with the bad bars and metatrader will automatically download that one again.

If it's not the same folder, just search for metatrader, and then look for some weird folder like the one I wrote down above.

best regards
  • #2,123
  • Jan 15, 2010 12:31pm Jan 15, 2010 12:31pm
Quoting Custos
on mine it's C:/user/acer/AppData/Local/VirtualStore/Programs/metatrader

and then you have a folder history in there and in that one you should find all the saved history data. Just delete the history file for the pair and time-frame with the bad bars and metatrader will automatically download that one again.

If it's not the same folder, just search for metatrader, and then look for some weird folder like the one I wrote down above.

best regards
Ok I found it, mine is a little different but I found it and each day month year, millennium....etc is in there...LOL

--NM
  • #2,124
  • Jan 15, 2010 1:01pm Jan 15, 2010 1:01pm
Quoting NightMoves
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....
I think cool shades was asking why a counter trend move.

NM, I think you mentioned you have been trading this system for a while and I just wondered if you had noticed before whether trends seem to go a little stale in January after the holidays?
  • #2,125
  • Jan 15, 2010 1:23pm Jan 15, 2010 1:23pm
Quoting jtone
I think cool shades was asking why a counter trend move.

NM, I think you mentioned you have been trading this system for a while and I just wondered if you had noticed before whether trends seem to go a little stale in January after the holidays?
Oh ok maybe I misunderstood the question. I am not really sure this is a counter trend move, it actually has bounced ooff resistance that has been in place since October, I personally think the trend is changing but thats just me and only my opinion and I could be wrong.

And yes I have noticed that, the trends seem to get a little sluggish right after December, and really until about the 3rd or 4th week of the month then they start picking up again.

--NM
  • #2,126
  • Jan 15, 2010 1:33pm Jan 15, 2010 1:33pm
Quoting NightMoves
Oh ok maybe I misunderstood the question. I am not really sure this is a counter trend move, it actually has bounced ooff resistance that has been in place since October, I personally think the trend is changing but thats just me and only my opinion and I could be wrong.

And yes I have noticed that, the trends seem to get a little sluggish right after December, and really until about the 3rd or 4th week of the month then they start picking up again.

--NM
Cool thanks!
My bad it looks like it was a hector setup on the 30mins TF I thinnk coolshades was looking at maybe a 4hour. I guess reversals of the large time frames are where it gets tricky!!!
  • #2,127
  • Jan 15, 2010 1:36pm Jan 15, 2010 1:36pm
NM - THANKS for posting charts and answers last night. Sorry, I am just now replying as I got sick last evening and just now getting back to the forum. Did not want you to think I did not appreciate your time and help.
  • #2,128
  • Jan 15, 2010 1:43pm Jan 15, 2010 1:43pm
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
NightMoves...

I'm confused...isn't the trade on this chart going the wrong direction? It looks like the 4H is in an uptrend.
  • #2,129
  • Jan 15, 2010 1:45pm Jan 15, 2010 1:45pm
Quoting dpowli
NM - THANKS for posting charts and answers last night. Sorry, I am just now replying as I got sick last evening and just now getting back to the forum. Did not want you to think I did not appreciate your time and help.
Hi dipowli hope your feeling better.
No problem on the charts, gald to do it.

--NM
  • #2,130
  • Jan 15, 2010 1:53pm Jan 15, 2010 1:53pm
Quoting Pip Dawg
NightMoves...

I'm confused...isn't the trade on this chart going the wrong direction? It looks like the 4H is in an uptrend.
You are correct on the 4 hour chart and direction, but it bounced of of a resistance that has been place since October, and since that bounce it has created lower highs and lower lows on the 4 hour chart and that is what prompted to take that tread, I was originally going to hold until the bottom blue line and hit that line but I missed it and did not get it closed.

Then I re entered the trade after it bounced back and then just followed it for while and then I set my TP and it got hit, I followed long enough to move SL to BE and it looks like shortly after that is when my TP got triggered.

So I had a second chance on that pair.

--NM
  • #2,131
  • Jan 15, 2010 2:06pm Jan 15, 2010 2:06pm
Quoting NightMoves
You are correct on the 4 hour chart and direction, but it bounced of of a resistance that has been place since October, and since that bounce it has created lower highs and lower lows on the 4 hour chart and that is what prompted to take that tread, I was originally going to hold until the bottom blue line and hit that line but I missed it and did not get it closed.

Then I re entered the trade after it bounced back and then just followed it for while and then I set my TP and it got hit, I followed long enough to move SL to BE and it looks like...
I meant lower highs and lows on the 1 hour chart, there is also somewhat of a head and shoulders pattern right at the bounce level. It was a risky trade and I did not have much at steak a very small lot size and my SL was about 15 pips or so.

--NM
  • #2,132
  • Jan 15, 2010 2:19pm Jan 15, 2010 2:19pm
Hi NM

I am currently working my way through Hectors course. It is well worth the cost and thanks to you I found this system. My only slight moan is, it is all video based which is great, but I do sometimes like to read through the written text. You mentioned you had a pdf document of this system, would you be willing to share it?

thanks again for starting a very informative thread.
Andy_G
  • #2,133
  • Jan 15, 2010 2:33pm Jan 15, 2010 2:33pm
I am not sure how many of you are aware that there is a new bill proposed to reduce the leverage from 100:1 to 10:1. here is what it means:
All figures listed below are for one mini lot (10k) and taken from an FXCM (US) mini account.

Current Margin Requirement in USD:
EUR/USD: $160
USD/JPY: $100
GBP/USD: $180
USD/CHF: $100

If 10:1 leverage proposal goes into effect:
EUR/USD: $1,600
USD/JPY: $1,000
GBP/USD: $1,800
USD/CHF: $1,000

These are the amounts which would be required just to open one position. Not included are any additional funds you would need to have in your account just to avoid a margin call or allow for fluctuations if the trade goes into a loss.
__________________


This would really put most of the smaller traders if not all of them right out of the trading business.

--NM
  • #2,134
  • Jan 15, 2010 2:51pm Jan 15, 2010 2:51pm
Quoting NightMoves
I am not sure how many of you are aware that there is a new bill proposed to reduce the leverage from 100:1 to 10:1. here is what it means:
All figures listed below are for one mini lot (10k) and taken from an FXCM (US) mini account.

Current Margin Requirement in USD:
EUR/USD: $160
USD/JPY: $100
GBP/USD: $180
USD/CHF: $100

If 10:1 leverage proposal goes into effect:
EUR/USD: $1,600
USD/JPY: $1,000
GBP/USD: $1,800
USD/CHF: $1,000

These are the amounts which would be required just to open one position. Not included are any additional...
They won't stop until all the free market is crippled or destroyed.
  • #2,135
  • Jan 15, 2010 2:58pm Jan 15, 2010 2:58pm
Quoting Pip Dawg
They won't stop until all the free market is crippled or destroyed.
I know what you mean, there is an email where you can voice your objection to this, This is just rediculus in my opinion.

--NM
  • #2,136
  • Jan 15, 2010 3:00pm Jan 15, 2010 3:00pm
Quoting NightMoves
I know what you mean, there is an email where you can voice your objection to this, This is just rediculus in my opinion.

--NM
Can you give the e-mail so I can pass it to all my friends? It's government interference that got us where we are today anyway...the bastards.
  • #2,137
  • Jan 15, 2010 3:03pm Jan 15, 2010 3:03pm
Quoting Pip Dawg
Can you give the e-mail so I can pass it to all my friends? It's government interference that got us where we are today anyway...the bastards.
Yes here is the email address:
[color=#22229c][email protected][/color] with "Regulation of Retail Forex" in the subect header.

--NM
  • #2,138
  • Jan 15, 2010 3:16pm Jan 15, 2010 3:16pm
Quoting Andy_G
Hi NM

I am currently working my way through Hectors course. It is well worth the cost and thanks to you I found this system. My only slight moan is, it is all video based which is great, but I do sometimes like to read through the written text. You mentioned you had a pdf document of this system, would you be willing to share it?

thanks again for starting a very informative thread.
Andy_G
Hi Andy,
PM me.

--NM
  • #2,139
  • Jan 15, 2010 4:19pm Jan 15, 2010 4:19pm
So as not to distract from this thread, I won't go into details or editorialize (although I want to). I will say killing the hedge was first and leverage will not be last.

Consider an overseas broker. Some are very strong and stable. More than one is in the process of or already has become a bank, increasing safety.

This is separate from voicing your opinion to your elected officials or administrators in charge of writing policy.

The saying...

When life hands you lemons..... applies.

Have a good weekend,
BR

Quoting NightMoves
I am not sure how many of you are aware that there is a new bill proposed to reduce the leverage from 100:1 to 10:1. here is what it means:
All figures listed below are for one mini lot (10k) and taken from an FXCM (US) mini account.

Current Margin Requirement in USD:
EUR/USD: $160
USD/JPY: $100
GBP/USD: $180
USD/CHF: $100

If 10:1 leverage proposal goes into effect:
EUR/USD: $1,600
USD/JPY: $1,000
GBP/USD: $1,800
USD/CHF: $1,000

These are the amounts which would be required just to open one position. Not included are any additional...
  • #2,140
  • Jan 15, 2010 4:23pm Jan 15, 2010 4:23pm
Quoting Big1red9
So as not to distract from this thread, I won't go into details or editorialize (although I want to). I will say killing the hedge was first and leverage will not be last.

Consider an overseas broker. Some are very strong and stable. More than one is in the process of or already has become a bank, increasing safety.

This is separate from voicing your opinion to your elected officials or administrators in charge of writing policy.

The saying...

When life hands you lemons..... applies.

Have a good weekend,
BR
I know what you mean BR, they are not going to hear us but I voiced my opinion on the matter in an email, until then I will keep on trading.

--NM
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