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Trend Trading All Pairs

  • #2,661
  • Jan 27, 2010 11:26am Jan 27, 2010 11:26am
Quoting NightMoves
Was that guy that was advertising trying to sell something?

--NM
I am pretty sure. He was just so like a sales guy. I mean you can read the previous posts, didn't sound like he was gonna offer anything except his "voodoo" predictions without explanations & possibly charge money in the future...
  • #2,662
  • Jan 27, 2010 11:26am Jan 27, 2010 11:26am
Quoting EntropyLad
I know. Imagine if you are only trading that one pair? The temptation to just take a trade, any trade...will just get exponentially higher. I never understand one pair trading...if a method is robust, it should apply to all of them.

My two cents.
And it does, I have heard people talk and say they do not trade this pair or that pair because they have never traded and the need to understand how it behaves, well fact is it makes no difference, it moves like the rest of the market, up, down, and sidways, I understand different news events react different, but really if you are worried about that, then I guess you should not trade the news...I worry about it, and I dont trade the news, but other than that if it moves I will shoot at it...LOL


--NM
  • #2,663
  • Jan 27, 2010 11:27am Jan 27, 2010 11:27am
Quoting NightMoves
Was that guy that was advertising trying to sell something?

--NM
Nightmoves, it is buy one, get one free deal. With a free set of toothbrushes if you call 1-800-we-be-pippin in the next 15minutes.

hey, deal is going fast! flying off the shelves! Opportunity like this only come once in a lifetime!

BUY!! BUY!! BUY!!

Interested?

If you refer your friends and family, we will even throw in a few of of Flavo Flav's designer clocks. Personally autographed.

http://www.grenouille888.org/dyn/IMG...400a111606.jpg
  • #2,664
  • Jan 27, 2010 11:35am Jan 27, 2010 11:35am
Quoting EntropyLad
Nightmoves, it is buy one, get one free deal. With a free set of toothbrushes if you call 1-800-we-be-pippin in the next 15minutes.

hey, deal is going fast! flying off the shelves! Opportunity like this only come one in a lifetime!

BUY!! BUY!! BUY!!

Interested?

If we like you, we will throw in a few of of Flavo Flav's designer clocks. Personally autographed.

http://www.grenouille888.org/dyn/IMG...400a111606.jpg
... 1-800-WE-BE-PIPPIN

I would buy just for the clocks!!!!!!!!!!!

--NM
  • #2,665
  • Jan 27, 2010 11:39am Jan 27, 2010 11:39am
with due respect, there are quite a few very successful single/limited pair traders on FF. they have mastered their itchy fingers and are able to trade multiple contracts on just the one/few pairs they trade.

jacko is one for example. he trades only the euro.

Quoting NightMoves
And it does, I have heard people talk and say they do not trade this pair or that pair because they have never traded and the need to understand how it behaves, well fact is it makes no difference, it moves like the rest of the market, up, down, and sidways, I understand different news events react different, but really if you are worried about that, then I guess you should not trade the news...I worry about it, and I dont trade the news, but other than that if it moves I will shoot at it...LOL


--NM
  • #2,666
  • Jan 27, 2010 11:44am Jan 27, 2010 11:44am
Quoting coolshades
with due respect, there are quite a few very successful single/limited pair traders on FF. they have mastered their itchy fingers and are able to trade multiple contracts on just the one/few pairs they trade.

jacko is one for example. he trades only the euro.
Good for him. If his method works, i am faily certain it works on other pairs/crosses as well(even if he has a STRONG personal AFFINITY for just trading only and only the EURO). Personally, it doesnt rationally compute for me, that a method will work for one forex pair and not work for others. Who knows, i may check his method, see if i make sense of it, then, proceed to apply to other pairs/crosses. Thanks for the reference.
  • #2,667
  • Jan 27, 2010 11:45am Jan 27, 2010 11:45am
Quoting coolshades
with due respect, there are quite a few very successful single/limited pair traders on FF. they have mastered their itchy fingers and are able to trade multiple contracts on just the one/few pairs they trade.

jacko is one for example. he trades only the euro.
Yes I am aware of that, I am saying I do not limit myself to 1 pair, I know people that only trade one pair, and only one pair, and there is nothing wrong with that, there are some people that trade the minor currencies, I do not do that but there is nothing wrong with it that either, it is what ever you are comfortable trading, we all here for the same purpose and how one gets the job done is entirely up to them.

At one time I only traded 3 pair and no more, now I trade any of the majors, and that is no different than what the single currency traders are doing. They stick to 1 pair I stick to the Majors.

--NM
  • #2,668
  • Jan 27, 2010 11:54am Jan 27, 2010 11:54am
bpc developing on the gbp/jpy h1 (trigger chart). But asian session didn't start yet, so if it triggers before asian open, maybe you just wanna watch it very carefully or put on a smaller than usual lotsize. Since I am already in the (risk-free) trade with 100 pips profit, I won't take that bpc, due to the wrong session.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy h1 27.1.2010.gif Size: 66 KB
  • #2,669
  • Jan 27, 2010 12:08pm Jan 27, 2010 12:08pm
you are misunderstanding what i said and how these traders work.

its not about their system working on one pair only. its about their individual preference to trade only one pair. they have mastered their itchy fingers.

i think NM has got what i meant.

Quoting EntropyLad
Good for him. If his method works, i am faily certain it works on other pairs/crosses as well(even if he has a STRONG personal AFFINITY for just trading only and only the EURO). Personally, it doesnt rationally compute for me, that a method will work for one forex pair and not work for others. Who knows, i may check his method, see if i make sense of it, then, proceed to apply to other pairs/crosses. Thanks for the reference.
  • #2,670
  • Jan 27, 2010 12:11pm Jan 27, 2010 12:11pm
....can you show where exactly you entered this trade?

Quoting Custos
bpc developing on the gbp/jpy h1 (trigger chart). But asian session didn't start yet, so if it triggers before asian open, maybe you just wanna watch it very carefully or put on a smaller than usual lotsize. Since I am already in the (risk-free) trade with 100 pips profit, I won't take that bpc, due to the wrong session.
  • #2,671
  • Jan 27, 2010 12:20pm Jan 27, 2010 12:20pm
Quoting MktScape
....can you show where exactly you entered this trade?
Attached is the chart with explanations of entries, I entered right at the top (search the previous couple of posts, I explained there the reason why I entered it exactly there).

Then below bpc you could enter with stop above bpc, but again, wrong session, so be careful.

best regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy h1 27.1.2010.gif Size: 63 KB
  • #2,672
  • Jan 27, 2010 12:39pm Jan 27, 2010 12:39pm
Thanks for your swift response ... I'll review the earlier posts ...
I am not sure if you have hector's dashboard or not but I am feeling that his trend indicator may not be showing an established trend in a timely manner i.e. a bit too late in the trend?

Have you or NM experienced smilarly?


Quoting Custos
Attached is the chart with explanations of entries, I entered right at the top (search the previous couple of posts, I explained there the reason why I entered it exactly there).

Then below bpc you could enter with stop above bpc, but again, wrong session, so be careful.

best regards
  • #2,673
  • Jan 27, 2010 12:47pm Jan 27, 2010 12:47pm
Quoting MktScape
Thanks for your swift response ... I'll review the earlier posts ...
I am not sure if you have hector's dashboard or not but I am feeling that his trend indicator may not be showing an established trend in a timely manner i.e. a bit too late in the trend?

Have you or NM experienced smilarly?
hm, can't really tell you since I don't use it anymore since a while. Eyes are always better than an indicator. But maybe NM can answer your question better.
  • #2,674
  • Jan 27, 2010 12:49pm Jan 27, 2010 12:49pm
custos, have a look at h1 charts. beautiful step patterns. ofcourse right now price is not at a discount.

Quoting Custos
hm, can't really tell you since I don't use it anymore since a while. Eyes are always better than an indicator. But maybe NM can answer your question better.
  • #2,675
  • Jan 27, 2010 12:57pm Jan 27, 2010 12:57pm
Quoting coolshades
custos, have a look at h1 charts. beautiful step patterns. ofcourse right now price is not at a discount.
sorry, but what do you mean by step pattern?
  • #2,676
  • Jan 27, 2010 1:58pm Jan 27, 2010 1:58pm
what is with EUR/USD?

Serious fundamental news hit...and it just remains absolutely stagnant...sitting there like a statue. The same thing happened last week....I guess the greek problem, the spain 20% umployment, etc vs the fiscal mess in the USD makes things...well...at equilibrium?

I mean, all the other USD and JPY moved,...but the EUR/USD jist remain zen-like still. Maybe the bernanke nomination tomorrow will blow this baby out of its stupor.
  • #2,677
  • Jan 27, 2010 4:35pm Jan 27, 2010 4:35pm
Quoting EntropyLad
what is with EUR/USD?

Serious fundamental news hit...and it just remains absolutely stagnant...sitting there like a statue. The same thing happened last week....I guess the greek problem, the spain 20% umployment, etc vs the fiscal mess in the USD makes things...well...at equilibrium?

I mean, all the other USD and JPY moved,...but the EUR/USD jist remain zen-like still. Maybe the bernanke nomination tomorrow will blow this baby out of its stupor.
That is exactly what I think is happening, uncle Ben's fate will make this move. I think it is just going to hang around like this until after all this big news comes, out, I expected a little more out of the news releases earlier so I was kind of suprised by the lack of interest for now, but I guess we will wait and see what the next release does, because I do not think this pair is going anywhere until then.
--NM
  • #2,678
  • Jan 27, 2010 4:40pm Jan 27, 2010 4:40pm
Quoting MktScape
Thanks for your swift response ... I'll review the earlier posts ...
I am not sure if you have hector's dashboard or not but I am feeling that his trend indicator may not be showing an established trend in a timely manner i.e. a bit too late in the trend?

Have you or NM experienced smilarly?
HI Mktscape,

It does not always show what I would consider a trend, and it is based off the MA lines, if they touch somewhere on the chart it may show there is no trend, but again its an indicator and really its best to just set your charts up so you can see them quickly. I do not use it that much but it is handy at times.

--NM
  • #2,679
  • Jan 27, 2010 7:49pm Jan 27, 2010 7:49pm
HI Guys,
I thought I would post this setup on the CADJPY 4hr chart, possibly getting ready for another impulse to the downside.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY 4hr setup.png Size: 86 KB
  • #2,680
  • Jan 27, 2010 8:58pm Jan 27, 2010 8:58pm
Quoting Custos

Why don't you just mark up all S/R levels on the daily charts and set limit orders with stops and targets on the weekend? Then you don't need to sit in front of your pc and still can get in on the action.
I don't like leaving those trades unattended. Too many variables.
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