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Trend Trading All Pairs

  • #2,541
  • Jan 26, 2010 4:33pm Jan 26, 2010 4:33pm
Quoting Custos
nzdusd is getting ready for another leg down. Attached is the nzd/usd h1 chart.
Also I think we could get a fabulous touch trade on eur/jpy. The area 126.8 to 127 is I think a really strong resistance (just look at the weekly), I am gonna risk it and put a small trade on when and if price reaches that level. (with stop at around 127.10)
The NZDUSD is setting up rather nicely, so is the CADJPY that is also looking good.

--NM
  • #2,542
  • Jan 26, 2010 4:38pm Jan 26, 2010 4:38pm
Quoting NightMoves
The NZDUSD is setting up rather nicely, so is the CADJPY that is also looking good.

--NM
yep, gpb/aud also looking good, but news for aud coming out in 2 hours, so I will not take that one into consideration.
  • #2,543
  • Jan 26, 2010 4:47pm Jan 26, 2010 4:47pm
Quoting NightMoves
Yes I am, I am waiting for a break of that level then I think we could score some really nice short pips. My computer went down this morning so I had to perform emergency surgery to get it back up and running, and I just got it back up and going, my wireless card is not performing too well, it is really noisy so I will need to change it out but for now it it is back up and running.

--NM
Would 1.4040 be concidered the breakout then 1-2-3 from there?
  • #2,544
  • Jan 26, 2010 5:05pm Jan 26, 2010 5:05pm
Quoting Scratch99
Would 1.4040 be concidered the breakout then 1-2-3 from there?
I think we really need a 4030 level before we can say hang on for the ride. But I am going to be watching that area very close.
  • #2,545
  • Jan 26, 2010 5:06pm Jan 26, 2010 5:06pm
Well, AUD CPI news is in 1hr: 30 mins...AUD news always affect NZD...not sure about trading NZD when AUD red-labeled news is concerned.

JPY trade balance , orange-labeled news, is coming out in 30mins...one may need to wait for that for the smoke to clear for any JPY trades.

P.S. custos, thanks for the response. Nightmoves, sorry to read about your computer problem.

Hey, nightmoves, i find this to be useful..i believe you are the person who sent the link to this site:

http://www.forexsignallive.com/market_times.html

Thanks, mate.
  • #2,546
  • Jan 26, 2010 5:09pm Jan 26, 2010 5:09pm
Quoting NightMoves
I think we really need a 4030 level before we can say hang on for the ride. But I am going to be watching that area very close.
Thanks. I guess I had a type error, my alarm is set to 4032
  • #2,547
  • Jan 26, 2010 5:11pm Jan 26, 2010 5:11pm
Quoting Scratch99
Thanks. I guess I had a type error, my alarm is set to 4032
I think if we get a nice bpc in that area we are looking at a nice move after that.

--NM
  • #2,548
  • Jan 26, 2010 5:13pm Jan 26, 2010 5:13pm
Quoting EntropyLad
Well, AUD CPI news is in 1hr: 30 mins...AUD news always affect NZD...not sure about trading NZD when AUD red-labeled news is concerned.

JPY trade balance , orange-labeled news, is coming out in 30mins...one may need to wait for that for the smoke to clear for any JPY trades.

P.S. custos, thanks for the response. Nightmoves, sorry to read about your computer problem.

Hey, nightmoves, i find this to be useful..i believe you are the person who sent the link to this site:

http://www.forexsignallive.com/market_times.html...
I agree I am not going to get in a live trade until after the dust settles and then we can see where the pieces are landing, and see if anything got broke or if we can salvage anything.

--NM
  • #2,549
  • Jan 26, 2010 5:28pm Jan 26, 2010 5:28pm
Quoting Paulette
Hi NightMoves and Co,

I now have the dashboard functional and am happy that I identified the right pairs yesterday, although I did not trade any of them.

Question: does it often happen that the dashboard does not show trending pairs/TF's while on chart you can clearly see the start of the trend?

How do you deal with these, does the dashboard get priority or chart visual in selecting possible charts to trade? Then still to be followed by analysis for trade of course.

Your input is appreciated
Paulette
The I dont use the DASHBOARD anymore either. It is too CPU intensive as EURODUDE said. In fact, i follow NIGHTMOVES example, i simply use this(below)...and in one glance, i can see everything that is happening all at once. Nightmoves lead the way!

http://www.forexfactory.com/attachme...1&d=1264548448
  • #2,550
  • Jan 26, 2010 5:31pm Jan 26, 2010 5:31pm
Quoting Custos
yep, gpb/aud also looking good, but news for aud coming out in 2 hours, so I will not take that one into consideration.
Hi Custos...
Be careful with this one.....a HIKKAKE formation in progress on the Daily Tf at a GOOD LOCATION..

GBP_AUD Spot.png


baz
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  • #2,551
  • Jan 26, 2010 10:49pm Jan 26, 2010 10:49pm
Quoting NightMoves
Maforexcity,

So you are welcome to post your charts but an explanation is also needed, no one on this thread is just blindly going to follow the advice of anyone without some kind of logical reasoning behind the trade. And in my opinion a plotted line that says buy is just not enough reasoning for me to take a trade.

--NM
hi dear Nightmoves
you are absolutely right.
the ENTRY ZONE, is an area which i think there is high probability that the the market wanna change its temporary move and continue its main trend (which is in this example downtrend). but about the reasons:if you look at the ENTRY zone you could see there are strong resistances which the market react them the the soon as hit them.and if the market break these resistances (R! ,R2) we think it is going to hit the R3 , so in this time there reverse orders will be activated.
i'm sure it is not enough, but at now i'm busy,so maybe we talk about it later
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  • #2,552
  • Jan 27, 2010 12:22am Jan 27, 2010 12:22am
Quoting Maforexcity
hi every body
the lines show where you should enter the market
Well, i looked at your recommendation here:

http://www.forexfactory.com/showpost...postcount=2531

Now, looking at the current market update on your BUY/SELL recommendation for AUD/USD. I would have lost money TWICE. It went up just enough to trigger your BUY orders at 0.9025, then, went back down to trigger your sell order under 0.9000 only to reverse again.

I have attached your chart below:

http://www.forexfactory.com/attachme...3&d=1264537954
  • #2,553
  • Jan 27, 2010 12:55am Jan 27, 2010 12:55am
Quoting EntropyLad
Well, i looked at your recommendation here:

http://www.forexfactory.com/showpost...postcount=2531

Now, looking at the current market update on your BUY/SELL recommendation for AUD/USD. I would have lost money TWICE. It went up just enough to trigger your BUY orders at 0.9025, then, went back down to trigger your sell order under 0.9000 only to reverse again.

I have attached your chart below:

http://www.forexfactory.com/attachme...3&d=1264537954
looks like a lot of risk to thro at the market and hoping to hit. my previous coach did the same thing and claimed never to have lost a trade - that alone makes me think
  • #2,554
  • Jan 27, 2010 1:05am Jan 27, 2010 1:05am
Quoting Paulette
looks like a lot of risk to thro at the market and hoping to hit. my previous coach did the same thing and claimed never to have lost a trade - that alone makes me think
the guy second recommendation on EURJPY

BUY AT 125.60. SELL AT 125.00. SELL AT 126.80. BUY AT 127.20. BUT AT 128.35. I cannot make head or tail of why soo many clusters of orders. Besides, his buy at 125.60 has been triggered already. And it is already in the RED. the USD releases important fundamental info tomorrow: the FOMC rate statements, housing, etc. For me, USD is a no go the until those news cleared. Anyways, here is maforexcity EURJPY trade...the one already triggered is 125.60...and it is in the RED...Who knows, it might reverse later.

CHART BELOW:

http://www.forexfactory.com/attachme...8&d=1264567755
  • #2,555
  • Edited 1:54am Jan 27, 2010 1:07am | Edited 1:54am
HI

am watching - will have to make some selection based on trigger criteria:

GBP/USD for possible LOB as Asian range was only 40 with trend off 30mins, trigger would be 5min;

eur/jpy - 1hr, down, ranging just above 12500 area, still in channel, trigger 15mins, 30sma catching up with pa now

cad/jpy & chf/jpy - 1hr, down, triangle, waiting for bpc

aud/usd: breaking away from fib @ confluence with triangle - +20 and moved sl to BE

any comments?
  • #2,556
  • Jan 27, 2010 1:13am Jan 27, 2010 1:13am
Quoting Maforexcity
hi dear Nightmoves
you are absolutely right.
the ENTRY ZONE, is an area which i think there is high probability that the the market wanna...
I always find it interesting that you have time on posting your recommendations, but never have time to go into detail about your strategy, makes me very suspicious.

well, and personally, I think you can't just trade of pivot points, especially in the forex markets. Since this market never closes, the australian, japanese, london and ny traders would all look at different pivot points. S/R levels are 100% more reliable in my opinion.

best regards.
  • #2,557
  • Jan 27, 2010 1:27am Jan 27, 2010 1:27am
Quoting EntropyLad
Well, i looked at your recommendation here:

http://www.forexfactory.com/showpost...postcount=2531

Now, looking at the current market update on your BUY/SELL recommendation for AUD/USD. I would have lost money TWICE. It went up just enough to trigger your BUY orders at 0.9025, then, went back down to trigger your sell order under 0.9000 only to reverse again.

I have attached your chart below:

http://www.forexfactory.com/attachme...3&d=1264537954

you are absolutely right.
but let talk about it fairly. i am not gonna speak about 2 days before forecasts which all hit the first tp and most of them the second tp , but you can not just attach one pair and and judge based in it.first of all we never claim that there are no losses but there are so much profits.again so much profits. lets see some other charts
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  • #2,558
  • Jan 27, 2010 1:27am Jan 27, 2010 1:27am
Quoting Paulette
HI

am watching - will have to make some selection based on trigger criteria:

GBP/USD for possible LOB as Asian range was only 40 with trend off 30mins, trigger would be 5min;

eur/jpy - 1hr, down, ranging just above 12500 area, still in channel, trigger 15mins, 30sma catching up with pa now

cad/jpy & chf/jpy - 1hr, down, triangle, waiting for bpc

any comments?
I will say this... The USD fundamental timetable is like this

http://www.forexfactory.com/calendar...=2010-1-27&c=2

Those are heavy duty stuff. Not sure i want to touch anything USD related until those BLOODY RED NEWS blows over. Besides, the GBP has the CBI numbers due too. I am wary.

See the way the AUD news spiked the AUD and NZD chart earlier due to red AUD news? I will look for other

http://www.forexfactory.com/calendar...=2010-1-27&c=2
  • #2,559
  • Jan 27, 2010 1:31am Jan 27, 2010 1:31am
Quoting Paulette
HI

am watching - will have to make some selection based on trigger criteria:

GBP/USD for possible LOB as Asian range was only 40 with trend off 30mins, trigger would be 5min;

eur/jpy - 1hr, down, ranging just above 12500 area, still in channel, trigger 15mins, 30sma catching up with pa now

cad/jpy & chf/jpy - 1hr, down, triangle, waiting for bpc

any comments?
hm, gbp/usd is really just in a range, look at your daily chart, it's right sitting at a support trend-line. Furthermore, for an LOB it's always better to have good intra-week trend before (each day).
eur/jpy, I would wait for a retrace, already moved too far for my taste,
for cad/jpy I would say it's the wrong session, you should look into that pair either in asian or ny session.
& chf/jpy doesn't really have a very good triangle pattern, those patterns really must be very very obvious. I myself also don't see much good looking things in the charts.
GBP/AUD would have been a candidate for going long, but now the break-out was so violent and fast, I don't think I can get in on that. Gonna be a day to chill for me I think.

best regards
  • #2,560
  • Jan 27, 2010 1:36am Jan 27, 2010 1:36am
i am not gonna count the pips.cause i am sure there much more profit than losses. but again i want tell you that some days there are losses. but the reverse orders will decrease the amount of losses and some days it could not too. it is the way of market.but you should follow long term result which is absolutely positive.
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