Trend Trading All Pairs | Page 152 | 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

  • #3,021
  • Feb 4, 2010 10:32am Feb 4, 2010 10:32am
The AUDJPY just had a major support broken and then crushed into dust...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Major support broken.png Size: 40 KB
  • #3,022
  • Feb 4, 2010 10:32am Feb 4, 2010 10:32am
Anyone short on the Yen crosses is making $$$$

pipnut
Even a blind squirrel finds a nut sometime.
  • #3,023
  • Feb 4, 2010 10:36am Feb 4, 2010 10:36am
Quoting pipnut
Anyone short on the Yen crosses is making $$$$

pipnut
I knew they were very near long term S/R levels but I was not prepared for this, I was hoping they would break the levels, but hoping for them to break in way we could trade it, not expecting them to just fall of the cliff...

--NM
  • #3,024
  • Feb 4, 2010 10:36am Feb 4, 2010 10:36am
Quoting pipnut
Anyone short on the Yen crosses is making $$$$

pipnut
I know, PIPNUT, but the only good setup i was able to spot was the GBP/JPY. The rest were not good: the cad/jpy wasnt good, the usdjpy, or eurjpy, or nzdjpy, or hardly is the audjpy. dont know about the chf/jpy. The only elegant setup was the GBP/JPY, but unfortunately, we had the GBP MPC and asset purchase nonsense today.
http://www.forexfactory.com/showpost...postcount=2981

Oh well. There will always be another trade. and besides, the retracements of these explosions will give good pickings next week.
  • #3,025
  • Feb 4, 2010 10:40am Feb 4, 2010 10:40am
Quoting NightMoves
I knew they were very near long term S/R levels but I was not prepared for this, I was hoping they would break the levels, but hoping for them to break in way we could trade it, not expecting them to just fall of the cliff...

--NM
they are JUST absolutely RELENTLESS. Insane. I am sure those fundamental analysts will soon give us some sensible sounding ex post facto explanation of what is happening now in the JPY or USD.
  • #3,026
  • Feb 4, 2010 10:41am Feb 4, 2010 10:41am
GBPJPY nearing 400 pips on the day....
--NM
Attached Image (click to enlarge)
Click to Enlarge Name: 400 pips on the day.png Size: 41 KB
  • #3,027
  • Feb 4, 2010 10:42am Feb 4, 2010 10:42am
[quote=pipnut;3431246]
Quoting Custos
haha, actually this week I couldn't watch the markets a lot, cause I was quite busy with some other stuff. But I got into the eur/usd trade. not a lot of position size though, since I was not able to watch my position. Entry at: 1.4018 and 2 targets hit 1.3979 and 1.3855. Now waiting for my last target 1.3755, quote]

Almost there!

pipnut
Only 1 pips more before CUSTOS hit final PT...COME On, eur/usd, you know you want to go down...*wink*.
  • #3,028
  • Feb 4, 2010 10:44am Feb 4, 2010 10:44am
Quoting NightMoves
GBPJPY nearing 400 pips on the day....
--NM
Please, stop rubbing it in, nightmoves. Hehehe. I still think i made the right choice here(by not shorting gbp/jpy due to the MPC news)

http://www.forexfactory.com/showpost...postcount=2976

(this hurts, i wont deny it...but still the right choice in retrospect. Sometimes, right choices doesnt work out. so what?)
  • #3,029
  • Feb 4, 2010 10:44am Feb 4, 2010 10:44am
[quote=EntropyLad;3431356]
Quoting pipnut

Only 1 pips more before CUSTOS hit final PT...COME On, eur/usd, you know you want to go down...*wink*.
haha, yeah it hit the tp nice ride, hopefully we get another one like that soon.
  • #3,030
  • Feb 4, 2010 10:50am Feb 4, 2010 10:50am
Anyone hear any news as to why this happened? Did some bank interject and is now reaping megaprofits from this?

--NM
  • #3,031
  • Feb 4, 2010 10:59am Feb 4, 2010 10:59am
Quoting NightMoves
Anyone hear any news as to why this happened? Did some bank interject and is now reaping megaprofits from this?

--NM
Not me. Nothing on the wires. But i am sure by this weekend, heck, before tonight, those fundamentals analysts would have come up with a hindsight reasons as to why all this happened. Be it some statement some important government official of some country made at a dinner party. Whatever.

Anyways, one thing for sure: ALL OF THEM HAD A BREAKDOWN OF MAJOR SUPPORT/RESISTANCE LINES, some slanted, some horizontal. All of them.

That is #1 thing we can see technically.

I will review these jpy and USD breakdowns this weekend, scoop around for reasons both fundamentals and technical. I like studying stuff like this. To see if i can exploit them in the future.

Happy hunting.
  • #3,032
  • Feb 4, 2010 11:01am Feb 4, 2010 11:01am
The EU pair took a nice bounce right off the weekly S/R level I was trying to target...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Nice bounce.png Size: 34 KB
  • #3,033
  • Feb 4, 2010 11:01am Feb 4, 2010 11:01am
just went out to grab a snack and was surprised 2 of my TPs are hit in just an hour. is anyone going to put a buy somewhere?
  • #3,034
  • Feb 4, 2010 11:05am Feb 4, 2010 11:05am
Quoting piyeree
just went out to grab a snack and was surprised 2 of my TPs are hit in just an hour. is anyone going to put a buy somewhere?
very dangerous to put a counter-trend trade on. I would prefer to get something with the trend...
  • #3,035
  • Feb 4, 2010 11:07am Feb 4, 2010 11:07am
Well, I closed out my trade at +175 pips, I'm a happy camper!

pipnut
Even a blind squirrel finds a nut sometime.
  • #3,036
  • Feb 4, 2010 11:07am Feb 4, 2010 11:07am
Quoting NightMoves
Anyone hear any news as to why this happened? Did some bank interject and is now reaping megaprofits from this?

--NM
I think it is the perception that USD and JPY are "safe" investments. the sentiment around is really risk aversion. just my guess though.
  • #3,037
  • Feb 4, 2010 11:09am Feb 4, 2010 11:09am
Quoting Custos
very dangerous to put a counter-trend trade on. I would prefer to get something with the trend...
yup that is the prudent move. thanks just tempting to see a bounce from huge drop
  • #3,038
  • Feb 4, 2010 11:12am Feb 4, 2010 11:12am
Quoting piyeree
I think it is the perception that USD and JPY are "safe" investments. the sentiment around is really risk aversion. just my guess though.
hm, well, there had to be a trigger today to justify such big moves. A perception of a currency being safe is not really a trigger, just a perception traders and investors get over time. Also I am not sure if investors nowadays think that the USD is a safe investment. I would prefer the euro, more stable economy...

just my opinion
  • #3,039
  • Feb 4, 2010 11:14am Feb 4, 2010 11:14am
Quoting pipnut
Well, I closed out my trade at +175 pips, I'm a happy camper!

pipnut
Nice trade Pipnut, I took 131 out of it this morning, now trading the left hand side of the chart I could have kept it in, unfortunate for me is that my broker wont let me trade that side of the chart...LOL I thought about keeping it in there, but I changed my mind. Excellent trade by you on all counts!!

--NM
  • #3,040
  • Feb 4, 2010 11:16am Feb 4, 2010 11:16am
Quoting EntropyLad
I know, PIPNUT, but the only good setup i was able to spot was the GBP/JPY. The rest were not good: the cad/jpy wasnt good, the usdjpy, or eurjpy, or nzdjpy, or hardly is the audjpy. dont know about the chf/jpy. The only elegant setup was the GBP/JPY, but unfortunately, we had the GBP MPC and asset purchase nonsense today.
http://www.forexfactory.com/showpost...postcount=2981

Oh well. There will always be another trade. and besides, the retracements of these explosions will give good pickings next week.

Actually I was thinking about the E/J from last nite around 3AM EST. Looked like a good entry that would really be paying off now. I was watching that pair yesterday eve for an entry. I agree though, waiting on next round to set up.

pipnut
Even a blind squirrel finds a nut sometime.
2 traders viewing now