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Trend Trading All Pairs

  • #2,781
  • Feb 1, 2010 1:20am Feb 1, 2010 1:20am
Hey Someone,

I had the same issue on Friday when i took the EURJPY Short..............i scanned the Dashboard and there was no Red on it but when i went to the charts i noted the pair was trending downwards based on the solid 3SMAs and i went short....made some 72Pips and prior to that i had gone long based on MACD and Price Divergence.

Probably what you are trying to ask is, if Hector recommends scanning the Dashboard to see if any pair is trending.....why would the DB show no trend and yet if you go the charts you will notice there is a definate trends?

Someone, i would recommend scanning the charts should be more important that the Dashboard. Ever since i purchased Hector's i have notice what you are mentioning depending on which broker you are using. Some of the brokers do not even allow the Dashboard...............hope this helps................

Great Piping everyone.............this week

Cheers

Quoting Someone
Hi all,

This question is aimed NightMoves or anyone who has bought ans uses hectors indicators.

I have been monitoring hectors 3sma filter indicator on my charts but I often see a perfect trend with all 3 sma's in line price above/below the 30 ect ect yet the dashboard nor the indicator on the chart signals it as a good trending opportunity.

For example the usdcad 4H chart right now is in a nice up trend with a triple top (waiting for a breakout) yet the indicators are grey meaning no trend.

If i was to only use the dashboard i would have...
  • #2,782
  • Feb 1, 2010 1:31am Feb 1, 2010 1:31am
Quoting Pip Dawg
Has anyone got anything on the radar for this week? I'm looking at alot of these charts and it looks like some good trends have developed but many need some deep retracements before a good entry is given.
Hi - I agree, looks like it - especially 4hr/1hr & day/4hr combinations
  • #2,783
  • Feb 1, 2010 3:01am Feb 1, 2010 3:01am
HI All,

took GBP/USD:

Confluence factors:
1hr TF:
trend down, small asian range 40pips, bouncing off 100%fib of fridays movement;

15min TF:
dynamic Resistance holds, 38-61Fib of friday holding, counter trend line breaking, 8:00 candle = b-p-c, and "$GBPUSD tumbles as FSA's Turner says carry trades economically valueless"

SL = 3pips above high of 7:00, TP = 45, opted out on retrace @ +40
  • #2,784
  • Feb 1, 2010 4:12am Feb 1, 2010 4:12am
Wish all a very good week.

I'm eying EUR/USD 1H myself. got P&C sell at 1.3925 sl 1.3955 tp 1.3865

btw: I'm using the currensys calculator since a wekk and I must say that it's brilliant. google it and check it out..ITS FREE :-)
It's my price or no price at all!
  • #2,785
  • Feb 1, 2010 5:07am Feb 1, 2010 5:07am
Quoting EntropyLad
Thanks, the chart below is the WEEKLY chart for EUR/CHF, you can see the SUPPORT as clear as day. Still, what kind of a currency cross bounces of support with that kind of verocity and speed? It is unreal.
Perhaps, the best way to trade EUR/CHF most of the time is from the LONG SIDE, unless the CHF gets seriously undervalued.

http://www.forexfactory.com/attachme...1&d=1264984598
That would be the Swiss central bank intervening and trying to keep the value of the Franc at what they conceive to be a reasonable level against the Euro. I don't know the reasons behind it, I'm a trader not an economist, but suffice to say that every time they've intervened, the market has shot up a couple of days after. Just worth bearing in mind if anybody is short on the CHF pairs.
  • #2,786
  • Feb 1, 2010 5:20am Feb 1, 2010 5:20am
Quoting 4extool
Wish all a very good week.

I'm eying EUR/USD 1H myself. got P&C sell at 1.3925 sl 1.3955 tp 1.3865

btw: I'm using the currensys calculator since a wekk and I must say that it's brilliant. google it and check it out..ITS FREE :-)
Changed my entry to 1.3917
It's my price or no price at all!
  • #2,787
  • Feb 1, 2010 5:23am Feb 1, 2010 5:23am
Quoting 4extool
Changed my entry to 1.3917
My entry as well...
  • #2,788
  • Feb 1, 2010 5:50am Feb 1, 2010 5:50am
Looks like a triangle breakout and retrace happening on the aud/usd...

http://www.biggerbids.com/members/im...screenshot.jpg

  • #2,789
  • Feb 1, 2010 6:05am Feb 1, 2010 6:05am
Quoting Pip Dawg
Looks like a triangle breakout and retrace happening on the aud/usd...

http://www.biggerbids.com/members/im...screenshot.jpg

I actually like that one.
It's my price or no price at all!
  • #2,790
  • Feb 1, 2010 6:14am Feb 1, 2010 6:14am
Hi Guys,
I am watching the EU at the moment, was hoping I would get the bpc before my news block out period but it does not look like it is going to happen.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Waiting for the bpc.png Size: 34 KB
  • #2,791
  • Feb 1, 2010 6:32am Feb 1, 2010 6:32am
Looks like GBPUSd is also testing some major support at the moment...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd major support.gif Size: 32 KB
  • #2,792
  • Feb 1, 2010 6:48am Feb 1, 2010 6:48am
Quoting Someone
Hi all,

This question is aimed NightMoves or anyone who has bought ans uses hectors indicators.

I have been monitoring hectors 3sma filter indicator on my charts but I often see a perfect trend with all 3 sma's in line price above/below the 30 ect ect yet the dashboard nor the indicator on the chart signals it as a good trending opportunity.

For example the usdcad 4H chart right now is in a nice up trend with a triple top (waiting for a breakout) yet the indicators are grey meaning no trend.

If i was to only use the dashboard i would have...
HI Someone,
I have noticed on some of the pairs, if the MA lines cross anywhere on the chart the DB will show no trend, and then on others it will show a trend. The dashboard indicator is only an indicator and I find it more useful if trends are developing on multiple time frames rather than just 1 or 2 of the time frames.

I really do not use it very often, I would rather just look the charts over, the trend filter pro is pretty good but again it is an indicator and still takes good scanning of the charts to really understand what is going on.

I have mine setup so I can see all the charts at once on a bunch of mini charts, then I pick out the best looking ones and create a profile and open the charts up in that profile and then I only see the ones I am really interested in at the time.

--NM
  • #2,793
  • Feb 1, 2010 6:52am Feb 1, 2010 6:52am
Quoting NightMoves
Hi Guys,
I am watching the EU at the moment, was hoping I would get the bpc before my news block out period but it does not look like it is going to happen.

--NM
Agree on EU and GU, any thoughts on EJ and AU - I find them a bit short on confluence.
  • #2,794
  • Feb 1, 2010 7:01am Feb 1, 2010 7:01am
Quoting 4extool
I actually like that one.
Didn't quite fly did it? Oh well ....we'll keep looking.
  • #2,795
  • Feb 1, 2010 7:06am Feb 1, 2010 7:06am
Quoting Paulette
Agree on EU and GU, any thoughts on EJ and AU - I find them a bit short on confluence.
The AU pair needs more retracement in my imo and the EJ pair retracements are getting to deep, the lower lows and lower highs are not spacing themselves far enough apart, its getting to the point where I am thinking this pair might be in a turn around stage, neither one of those pairs are really safe to trade at the moment, at least in imo, I have scratched both of those pairs off my list, I just do not like the way PA looks right now.

I might be wrong and they both may take off but until it tames down in one direction or another I am staying out of both of those.

--NM
  • #2,796
  • Feb 1, 2010 7:12am Feb 1, 2010 7:12am
I sure like the way the EU is setting up at the moment, it is almost where it needs to be for the next big move to the down side, unless the news messes it all up for us.

--NM
  • #2,797
  • Feb 1, 2010 7:16am Feb 1, 2010 7:16am
Once we get through this next wave of news we will have a better understanding of where we are on the EU pair...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Upcoming News.png Size: 35 KB
  • #2,798
  • Feb 1, 2010 7:19am Feb 1, 2010 7:19am
Quoting NightMoves
Once we get through this next wave of news we will have a better understanding of where we are on the EU pair...

--NM
news soon, so we will know soon...
  • #2,799
  • Feb 1, 2010 7:26am Feb 1, 2010 7:26am
Quoting NightMoves
I sure like the way the EU is setting up at the moment, it is almost where it needs to be for the next big move to the down side, unless the news messes it all up for us.

--NM
Actually I'm already in that trade. my p&c got hit. Since my RR is much better than the 50% change that the news is pushing the market against me, I really don't care. in fact i never know why people why have RR that are greater than 1:2 worry about the news. I 'm only careful not to have a P&C order that trades into the price around news.

PIPdawg

AUD/USD did exactly what I hoped for. I retraced to last weeks low of 0.8832 I'm in that bad boy as well.

earlier I took another trade: GBP/JPY short of course :-) -15 at the moment but very promising

BTW i reduced the number of lots of course so these 3 trades cover 5% of my account.
It's my price or no price at all!
  • #2,800
  • Feb 1, 2010 7:34am Feb 1, 2010 7:34am
For those of you who are really interested in learning all about what news means to the forex market, go to informedtrades.com. its a sick site with hundreds of videos for beginners and advanced traders. I really like their lessons about what news releases mean.

Everything is free!
It's my price or no price at all!
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