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Trend Trading All Pairs

  • #2,261
  • Jan 18, 2010 7:41pm Jan 18, 2010 7:41pm
Quoting Custos
Also could you please show me the setup for gbp/usd? I looked at it and could not really figure out how that would be good for a london open or any setup today. Daily trendline right above and the tokyo range is in the middle of nowhere, and US is on holidays today.
I think that would have been a really dangerous trade, but that's just my opinion, maybe I become too conservative these days...

Hey custos,
I'm curious about the 'up', 'down' and 'range' you have on your charts. Is that something you just type on aftre reviewing or is it a market flow type of indicator? Thanks!
  • #2,262
  • Jan 18, 2010 9:29pm Jan 18, 2010 9:29pm
Guys just wanted to give you a heads up, watch the USDJPY pair might be triggering and entry soon in a short position.

--NM
  • #2,263
  • Jan 18, 2010 9:43pm Jan 18, 2010 9:43pm
NM,

On it thanks...

I see price crossed... now we need pullback .. correct? or did it happen on diff TF and I missed it.

Thanks
BR


Quoting NightMoves
Guys just wanted to give you a heads up, watch the USDJPY pair might be triggering and entry soon in a short position.

--NM
  • #2,264
  • Jan 18, 2010 9:43pm Jan 18, 2010 9:43pm
Quoting NightMoves
Guys just wanted to give you a heads up, watch the USDJPY pair might be triggering and entry soon in a short position.

--NM
I am just waiting for a pullback and then the continuation on through, I am using the 90.50 as my break line.

--NM
  • #2,265
  • Jan 18, 2010 9:45pm Jan 18, 2010 9:45pm
Quoting Big1red9
NM,

On it thanks...

I see price crossed... now we need pullback .. correct? or did it happen on diff TF and I missed it.

Thanks
BR
I am going to use the 15 min TF as my trigger chart...

--NM
  • #2,266
  • Jan 18, 2010 9:53pm Jan 18, 2010 9:53pm
Quoting Big1red9
NM,

On it thanks...

I see price crossed... now we need pullback .. correct? or did it happen on diff TF and I missed it.

Thanks
BR
Yep I am waiting for the pull back I would have like to have seen a bigger momentum break out but we will see what it looks like after a little while and see if it looks good or not,,.

--NM
  • #2,267
  • Jan 18, 2010 9:56pm Jan 18, 2010 9:56pm
Quoting Big1red9
NM,

On it thanks...

I see price crossed... now we need pullback .. correct? or did it happen on diff TF and I missed it.

Thanks
BR
Also imo a one bar pullback is not enough should be at least 2 or 3 no more than 4 and if it crosses back into the channel then scrap the setup and wait for another one.

--NM
  • #2,268
  • Jan 18, 2010 10:03pm Jan 18, 2010 10:03pm
NM,

You mean the downward TL over the last 4 hrs on the 15?

Cause the trigger seems to be in the channel.

Thanks
BR

Quoting NightMoves
Also imo a one bar pullback is not enough should be at least 2 or 3 no more than 4 and if it crosses back into the channel then scrap the setup and wait for another one.

--NM
  • #2,269
  • Jan 18, 2010 10:09pm Jan 18, 2010 10:09pm
Here is the channel I am talking about, the top line is a longer term support now resistance and the lower line is a previous swing low.
Attached Image (click to enlarge)
Click to Enlarge Name: Channel.png Size: 53 KB
  • #2,270
  • Jan 18, 2010 10:14pm Jan 18, 2010 10:14pm
Quoting EntropyLad
Do you lads abide the dictum of no trades after 12pm london time?

Because, i have been letting some trades go while sticking to that rule.

There was a breakout trade in GBP/CHF today, for example. 3pm est or 20:30hrs LONDON time. 1hr/15mins. at 1.6731. I didnt take it, of course. Been seeing a couple like that...i am curious as to others experience with regards to the dictum of no traders after 12pm london time.
It depends which currencies are in that pair and how much ATR is left. If it's gbp/chf I will enter only in early london, if it's gbp/jpy, I would enter maybe as well in asian session and so on. You can review my previous posts on that topic.

best regards
  • #2,271
  • Jan 18, 2010 10:16pm Jan 18, 2010 10:16pm
Quoting jtone
Hey custos,
I'm curious about the 'up', 'down' and 'range' you have on your charts. Is that something you just type on aftre reviewing or is it a market flow type of indicator? Thanks!
I type that in myself. So I am always aware what is going on on the higher time-frames, and that I don't jump in into troubled trades "range" being troubled and "up" & "down", being low risk for longs/shorts. (at least from a higher time-frame perspective)

best regards
  • #2,272
  • Jan 18, 2010 10:20pm Jan 18, 2010 10:20pm
This is not moving with the momentum I was hoping to see right now.

--NM
  • #2,273
  • Jan 18, 2010 10:25pm Jan 18, 2010 10:25pm
Quoting NightMoves
This is not moving with the momentum I was hoping to see right now.

--NM
I know what you mean. If it doesn't trigger until the next bar close on the m15, I will move up to the h1 as my trigger chart and see if I get a bpc there.
  • #2,274
  • Jan 18, 2010 10:32pm Jan 18, 2010 10:32pm
Quoting Custos
I know what you mean. If it doesn't trigger until the next bar close on the m15, I will move up to the h1 as my trigger chart and see if I get a bpc there.
haha, okay, I am gonna watch one more bar, since the previous closed almost at the bottom. Hope it's following through.
  • #2,275
  • Jan 18, 2010 10:32pm Jan 18, 2010 10:32pm
Quoting Custos
I know what you mean. If it doesn't trigger until the next bar close on the m15, I will move up to the h1 as my trigger chart and see if I get a bpc there.
Yeah for some reason it just is not acting right but we will wait and see what it does here...

--NM
  • #2,276
  • Jan 18, 2010 10:35pm Jan 18, 2010 10:35pm
Quoting Custos
haha, okay, I am gonna watch one more bar, since the previous closed almost at the bottom. Hope it's following through.
I looked at the calendar and did not see anything to stop it so it should go...

--NM
  • #2,277
  • Jan 18, 2010 10:39pm Jan 18, 2010 10:39pm
This what the chart looks like from the trade station, easy to manage the trade once your in it but very difficult to tell exactly where you really are...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Trade station.png Size: 39 KB
  • #2,278
  • Jan 18, 2010 10:40pm Jan 18, 2010 10:40pm
This thread has given a lot of new tools to work with, thanks for that guys. however, I feel now that this thread is messing with my decision taking. The way some of you guys trade is probably the way your nature dictates you to trade. I feel however that I have other ideas a frequent number of times, not necessarily better :-)

It's best for me to leave this thread, and maybe FF alone for a while. reading threads about how long it takes to become a successful trader can only undermine the confidence in becoming a profitable trader.

Basically, I'm doing the course and now it's time for me to learn by trail and error. That's the only way for me to develop my own style within the boundaries of hector's system.

Talk too you guys again in a couple of weeks. Don't mind me leeching may i need anything in the near future
It's my price or no price at all!
  • #2,279
  • Jan 18, 2010 10:57pm Jan 18, 2010 10:57pm
Quoting 4extool
This thread has given a lot of new tools to work with, thanks for that guys. however, I feel now that this thread is messing with my decision taking. The way some of you guys trade is probably the way your nature dictates you to trade. I feel however that I have other ideas a frequent number of times, not necessarily better :-)

It's best for me to leave this thread, and maybe FF alone for a while. reading threads about how long it takes to become a successful trader can only undermine the confidence in becoming a profitable trader.

Basically,...
Hey 4extool,
Study all you can and then absolutely trade your own style and put your own personal methods to method. And it will work for you.

--NM
  • #2,280
  • Jan 18, 2010 11:05pm Jan 18, 2010 11:05pm
Its acting kind of squirrely right now but I triggered anyway....we will see what happens...

--NM
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