Trend Trading All Pairs | Page 120 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading correlation pairs by using the other pairs 843 replies

28 Pairs Trading Panel (Multi-pairs) 0 replies

Export All pairs or selected pairs to .csv with script 3 replies

Daily Bar Analysis - All Pairs/All Welcome 15 replies

Trend Trading All Currency Pairs 3 replies

Attachments: Trend Trading All Pairs
Exit Attachments

Trend Trading All Pairs

  • #2,381
  • Jan 21, 2010 2:00pm Jan 21, 2010 2:00pm
okay, let's try it again. usd/jpy broke down through the previous fake-out.
Looks good for an asian open breakout, what do you guys think?

attached is usdjpy h1 as my setup chart
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy h1 21.1.2010.gif Size: 41 KB
  • #2,382
  • Jan 21, 2010 3:10pm Jan 21, 2010 3:10pm
Quoting Custos
okay, let's try it again. usd/jpy broke down through the previous fake-out.
Looks good for an asian open breakout, what do you guys think?

attached is usdjpy h1 as my setup chart
SORRY, i dont see it on h1. I see it on H4(MORE LIKE I USED TO see it on H4). But now, H4 price action has touched the 100SMA. So, that nullifies it. The only POTENTIAL smooth trend i see here is WEEKLY PRICE ACTION(second picture below). The third picture below is the daily trigger chart for the weekly setup chart. Daily trigger entry should have been 90.70. I guess we all missed it. Oh well.

Anyways, the first picture below is H4, the second one is WEEKLY price action. The third picture below is the daily trigger chart. You can clearly see the trend in weekly price action.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy h4.gif Size: 28 KB
Click to Enlarge Name: usdjpy weekly.gif Size: 25 KB
Click to Enlarge Name: usdjpy daily trigger.gif Size: 27 KB
  • #2,383
  • Edited 3:38pm Jan 21, 2010 3:26pm | Edited 3:38pm
CUSTOS, That is the technical setup that i see for USDJPY(weekly chart setup, daily chart trigger)...but is there a fundamental catalyst capable of propelling USDJPY all the way to 85.00 or even conservatively, 86.60 area? It is currently at 90.40 now. i am not sure that technicals alone can push it that far against the USD-- because that will be going back to an all time low. multiyear, decades low, a low not seen since april 1995. All this simply because of technical analysis says so? I will wager it will need more than that, it will need a fundamental propellant. Anyways, we will see, wont we? I will sell short some and see, as an experiment, how far it will go down
  • #2,384
  • Jan 21, 2010 9:19pm Jan 21, 2010 9:19pm
Quoting EntropyLad
CUSTOS, That is the technical setup that i see for USDJPY(weekly chart setup, daily chart trigger)...but is there a fundamental catalyst capable of propelling USDJPY all the way to 85.00 or even conservatively, 86.60 area? It is currently at 90.40 now. i am not sure that technicals alone can push it that far against the USD-- because that will be going back to an all time low. multiyear, decades low, a low not seen since april 1995. All this simply because of technical analysis says so? I will wager it will need more than that, it will need...

UPDATE on the USD/JPY weekly that i sold short at 90.40 earlier during the day.
http://www.forexfactory.com/showpost...postcount=2383
Anyways, closed out 1/3rd at 89.90 for + 50 pips. There is some resistance on the daily chart at 90.00. Thinking i should locked in some gains here. I genuinely dont expect USDJPY to go all the way to 86.60(that just FEELS too much for me.), but i am willing to leave the last 1/3rd around and see how far it can go down. The second 1/3rd will be offloaded at 88.60 for a +180 pips.
  • #2,385
  • Jan 22, 2010 2:04am Jan 22, 2010 2:04am
Hello, i love your way of trading, following the trend, But please i want to ask which time frame is best for your method.
  • #2,386
  • Jan 22, 2010 3:08am Jan 22, 2010 3:08am
Quoting Ubtex
Hello, i love your way of trading, following the trend, But please i want to ask which time frame is best for your method.
we trade anything from the m30 to the daily. Everything below m30 has too much noise and anything above daily is too long-term in general.
  • #2,387
  • Jan 22, 2010 3:21am Jan 22, 2010 3:21am
Quoting EntropyLad
SORRY, i dont see it on h1. I see it on H4(MORE LIKE I USED TO see it on H4). But now, H4 price action has touched the 100SMA. So, that nullifies it. The only POTENTIAL smooth trend i see here is WEEKLY PRICE ACTION(second picture below). The third picture below is the daily trigger chart for the weekly setup chart. Daily trigger entry should have been 90.70. I guess we all missed it. Oh well.

Anyways, the first picture below is H4, the second one is WEEKLY price action. The third picture below is the daily trigger chart. You can clearly see the...
yeah, you are right, I was thinking about the same when I reanalyzed the pair. good that you pointed that out.
  • #2,388
  • Jan 22, 2010 3:24am Jan 22, 2010 3:24am
Quoting EntropyLad
CUSTOS, That is the technical setup that i see for USDJPY(weekly chart setup, daily chart trigger)...but is there a fundamental catalyst capable of propelling USDJPY all the way to 85.00 or even conservatively, 86.60 area? It is currently at 90.40 now. i am not sure that technicals alone can push it that far against the USD-- because that will be going back to an all time low. multiyear, decades low, a low not seen since april 1995. All this simply because of technical analysis says so? I will wager it will need more than that, it will need...
hm, yes, that's kind of true. It definitely needs some kind of fundamental news. BUT, as you said, weekly is in a trend. To break this trend we have to have very big surprising news coming out, but for trend continuation just some small fundamental news confirming the general trend direction will make price move down rather easy. What do you think?
  • #2,389
  • Jan 22, 2010 5:52am Jan 22, 2010 5:52am
I think eur/usd is ready for another leg down. Setup chart is eur/usd h4, it did almost reach the 38.2 fib.
Now starting to go down on the h1, waiting for the bpc. Gonna look for entries once ny starts.

Attached is the h1 trigger chart

what do you guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h1 22.1.2010.gif Size: 53 KB
  • #2,390
  • Jan 22, 2010 6:44am Jan 22, 2010 6:44am
Quoting Custos
I think eur/usd is ready for another leg down. Setup chart is eur/usd h4, it did almost reach the 38.2 fib.
Now starting to go down on the h1, waiting for the bpc. Gonna look for entries once ny starts.

Attached is the h1 trigger chart

what do you guys think?
I don't post much, but I follow this thread very closely. I really like this method.

This looks like a good setup, aside from the 1.4000 big number looming underneath it. I haven't had very much luck taking trades at this time of day though. It always seems so choppy.
  • #2,391
  • Jan 22, 2010 7:06am Jan 22, 2010 7:06am
Quoting Ubtex
Hello, i love your way of trading, following the trend, But please i want to ask which time frame is best for your method.
UBTEX, i will have to refer you to the two jedi masters, CUSTOS and NIGHTMOVES. Apart from Hector the Man, those two breathe this stuff like air.

Respectfully,

Entropy
  • #2,392
  • Jan 22, 2010 7:18am Jan 22, 2010 7:18am
Quoting Custos
I think eur/usd is ready for another leg down. Setup chart is eur/usd h4, it did almost reach the 38.2 fib.
Now starting to go down on the h1, waiting for the bpc. Gonna look for entries once ny starts.

Attached is the h1 trigger chart

what do you guys think?
Mr. CUSTOS, it Looks like a standard pattern breakout(e.g. flag formation, triangle, rectangles, in this specific case, flag formation breakout setups) for EUR/USD on H4.
US open +/- 1hr should push volume in, one way or the other. Today being friday though...that could make things...interesting...especially, since there are no USD news coming out, otherwise, it would have been the classic case of "blend the news".
Personally, i only trade two pattern breakouts(triangles and rectangles), and i only do them at LOB time frame or US open time frame, otherwise, i skip them all for 1,2,3 setups trades outside of LOB/US open. Also, I defer all flag formation trades to 1,2,3 setups trades unless it is LOB trade. That is just me.
  • #2,393
  • Jan 22, 2010 7:18am Jan 22, 2010 7:18am
Quoting finswin56
I don't post much, but I follow this thread very closely. I really like this method.

This looks like a good setup, aside from the 1.4000 big number looming underneath it. I haven't had very much luck taking trades at this time of day though. It always seems so choppy.
I agree with you. I would have loved to see this setup forming in the early london session. I think ny has some liquidity, but not a lot. So, I will now wait 2 hours for it to trigger, otherwise I cancel the setup as a whole, and if it doesn't put me into profits right at the start, I will cancel it within 15 min upon entry (since the time of the day is not good).

Also, it is important to qualify trades. My lotsize for this trade will be kind of low, since I have doubts concerning the momentum. capital preservation is the key word here. (but I like to have some action, so I trade it nonetheless.)
  • #2,394
  • Edited 7:37am Jan 22, 2010 7:22am | Edited 7:37am
Quoting EntropyLad
Mr. CUSTOS, it Looks like a standard pattern breakout(e.g. flag formation, triangle, rectangles, in this specific case, flag formation breakout setups) for EUR/USD on H4.
US open +/- 1hr should push volume in, one way or the other. Today being friday though...that could make things...interesting...especially, since there are no USD news coming out, otherwise, it would have been the classic case of "blend the news".
Personally, i only trade two pattern breakouts(triangles and rectangles), and i only do them at LOB time frame or US open time frame,...
yeah, friday trading is anyways always dangerous.
I have to say, I like asian session and london the most. There are just so many good pairs for the asian session, and they just follow through so well. US session is always troublesome and I only trade it for boring days like today. Even sometimes I catch myself scalping for a few pips, when I am bored, but the account size I use for these is so insignificant, maybe only 0.05% or something.
  • #2,395
  • Jan 22, 2010 7:34am Jan 22, 2010 7:34am
Quoting Custos
I think eur/usd is ready for another leg down. Setup chart is eur/usd h4, it did almost reach the 38.2 fib.
Now starting to go down on the h1, waiting for the bpc. Gonna look for entries once ny starts.

Attached is the h1 trigger chart

what do you guys think?
I have to agree with you looks like it is getting ready for another impulse to the down side. Looks like a nice clean bounce off the 50% fib lets see if NY session can finish it.

--NM
  • #2,396
  • Jan 22, 2010 7:41am Jan 22, 2010 7:41am
Quoting EntropyLad
Mr. CUSTOS, it Looks like a standard pattern breakout(e.g. flag formation, triangle, rectangles, in this specific case, flag formation breakout setups) for EUR/USD on H4.
US open +/- 1hr should push volume in, one way or the other. Today being friday though...that could make things...interesting...especially, since there are no USD news coming out, otherwise, it would have been the classic case of "blend the news".
Personally, i only trade two pattern breakouts(triangles and rectangles), and i only do them at LOB time frame or US open time frame,...
EntropyLad,

I do not even trade the LOB without a BPC of some kind, I have to have that pullback or I will let just sit back and watch it go.

The flag formation on the 4 hour chart is looking really good, using a price pattern target which I use quite a bit this could be a nice trade setup if it follows through, about 350 pips could be in the works here or more, I always set my targets a little short just in case.

--NM
  • #2,397
  • Jan 22, 2010 7:45am Jan 22, 2010 7:45am
Quoting NightMoves
I have to agree with you looks like it is getting ready for another impulse to the down side. Looks like a nice clean bounce off the 50% fib lets see if NY session can finish it.

--NM
So would the entry be breaking the 1.4100 level?
  • #2,398
  • Jan 22, 2010 7:53am Jan 22, 2010 7:53am
Quoting Pip Dawg
So would the entry be breaking the 1.4100 level?
The way I would enter, I will wait until I know for sure the 1.4100 is going give way then I would enter, if we get a bounce on the trigger at the 1.4100 which I assume we will I will enter as soon as it clears that level depending on how price behaves at that level.

--NM
  • #2,399
  • Jan 22, 2010 7:53am Jan 22, 2010 7:53am
I have been in EU short on three separate entries: 12/29, 1/4, 1/5. Entering again today. See chart.
Attached Image
  • #2,400
  • Jan 22, 2010 7:55am Jan 22, 2010 7:55am
CAD red news is coming out...anybody plan on trading "blend the news" strategy with it?

Any of the CADs with the right trending setup will do. I like to do this on friday for RED labeled news.
2 traders viewing now