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Trend Trading All Pairs

  • #3,201
  • Feb 6, 2010 10:25am Feb 6, 2010 10:25am
Quoting Paulette
NM

quick question - have you seen the fake breakout strategy? I find it informative to say the least, not necessarily something I would trade but very interesting

am I allowed to post it - it is free?
I have never heard of it, feel free to post it...

--NM
  • #3,202
  • Feb 6, 2010 10:27am Feb 6, 2010 10:27am
Quoting NightMoves
I have never heard of it, feel free to post it...

--NM
will summarise the rules and some screenshots and post as pdf... long 84min video, still in progress
  • #3,203
  • Feb 6, 2010 10:29am Feb 6, 2010 10:29am
Quoting Paulette
will summarise the rules and some screenshots and post as pdf... long 84min video, still in progress
LMAO is that a video or a movie....do I need to make popcorn???

--NM
  • #3,204
  • Feb 6, 2010 10:31am Feb 6, 2010 10:31am
Quoting NightMoves
LMAO is that a video or a movie....do I need to make popcorn???

--NM
You guys are lucky....my wife wants me to clean the garage now. I'm afraid my forex training will have to wait until later.

Have a great day and thanks again for the cool stuff!
  • #3,205
  • Feb 6, 2010 10:33am Feb 6, 2010 10:33am
Quoting Pip Dawg
You guys are lucky....my wife wants me to clean the garage now. I'm afraid my forex training will have to wait until later.

Have a great day and thanks again for the cool stuff!
Your Welcome have fun!!!!...LOL
  • #3,206
  • Feb 6, 2010 10:49am Feb 6, 2010 10:49am
Quoting NightMoves
LMAO is that a video or a movie....do I need to make popcorn???

--NM
Yes start eating so long - am half way in video... Saturday nite at movies redefined...
  • #3,207
  • Feb 6, 2010 10:52am Feb 6, 2010 10:52am
Quoting Paulette
Yes start eating so long - am half way in video... Saturday nite at movies redefined...
LOL...once you get the details you can post what you think of it...sounds risky to me but I will certainly look at it...

--NM
  • #3,208
  • Feb 6, 2010 11:14am Feb 6, 2010 11:14am
Hi Guys,

(Entropy & Custos - sounds like your kinda game to try on demo at least)

I watched this and found it informative. For now a no! no! for me, am trying to focus on going with the trend (pattern breaks, swing and LOB), not fakey's...

Pure PA. Best to trade on Day or Week level as you have to wait on candles to close, meaning you will be managing this trade once a day. Also, day retracement candles = more pips, than 5 / 15/ 1hr retracements in general. ALWAYS try on demo first

Oh - the longer the wick / tail of the pinbar, the better the retracement.

High probability strat, 70% success...
Not aggressive strategy, suitable for conservative trader - apparently.
Attached File(s)
File Type: pdf Fake Breakout strategy.pdf   265 KB | 1,455 downloads
  • #3,209
  • Feb 6, 2010 11:21am Feb 6, 2010 11:21am
Quoting Paulette
Hi Guys,

(Entropy & Custos - sounds like your kinda game to try on demo at least)

I watched this and found it informative....
yeah, it is a good strategy, I actually adapted it a little bit. Instead of looking for such pin bars, I go into a lower time-frame and look for a small range at the longer-term S/R level and a counter-trend breakout of that range, with a break of a trendline. First target 80% extension of that range, second target next long-term S/R level. I actually posted such a trade a while ago, quite in the beginning of the thread. It's very counter-trend, but it's a good strategy.

Thanks for sharing that
  • #3,210
  • Feb 6, 2010 11:30am Feb 6, 2010 11:30am
Quoting Paulette
Hi Guys,

(Entropy & Custos - sounds like your kinda game to try on demo at least)

I watched this and found it informative. For now a no! no! for me, am trying to focus on going with the trend (pattern breaks, swing and LOB), not fakey's...

Pure PA. Best to trade on Day or Week level as you have to wait on candles to close, meaning you will be managing this trade once a day. Also, day retracement candles = more pips, than 5 / 15/ 1hr retracements in general. ALWAYS try on demo first

Oh - the longer the wick / tail of the pinbar, the better...
Thanks for sharing this. I know Custos and a couple of others in this thread use a simlilar strategy from time to time, I am actually demo trading a strategy like this too as an expeiriment, and so far I am about BE on the method, but again I am a rookie at this method so I am sure I am not trading it like it should be. But I will give it a try for awhile...

--NM
  • #3,211
  • Feb 6, 2010 11:31am Feb 6, 2010 11:31am
Quoting Custos
yeah, it is a good strategy, I actually adapted it a little bit. Instead of looking for such pin bars, I go into a lower time-frame and look for a small range at the longer-term S/R level and a counter-trend breakout of that range, with a break of a trendline. First target 80% extension of that range, second target next long-term S/R level. I actually posted such a trade a while ago, quite in the beginning of the thread. It's very counter-trend, but it's a good strategy.

Thanks for sharing that
Pleasure - I will go hunt for it in the thread and include it into my strat doc for future use, at which time I will probably knock on your door for some crit/analitical thoughts...
  • #3,212
  • Feb 6, 2010 11:31am Feb 6, 2010 11:31am
Quoting Custos
yeah, it is a good strategy, I actually adapted it a little bit. Instead of looking for such pin bars, I go into a lower time-frame and look for a small range at the longer-term S/R level and a counter-trend breakout of that range, with a break of a trendline. First target 80% extension of that range, second target next long-term S/R level. I actually posted such a trade a while ago, quite in the beginning of the thread. It's very counter-trend, but it's a good strategy.

Thanks for sharing that
I didnt see your post....I just posted that you trade something similar to this...

--NM
  • #3,213
  • Feb 6, 2010 7:29pm Feb 6, 2010 7:29pm
HI Guys,
Other than FOREX I thought I would share another one of my pet projects, this was during a demonstration... and now you have to admit this is pretty cool, who would not want one of these little fellows...This was actually on a TV show about a year ago, I have a bunch of smaller ones than this, but this was the show stealer....

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Big Lightning Machine.jpg Size: 128 KB
  • #3,214
  • Feb 6, 2010 7:56pm Feb 6, 2010 7:56pm
Is your last name Tesla?
Quoting NightMoves
HI Guys,
Other than FOREX I thought I would share another one of my pet projects, this was during a demonstration... and now you have to admit this is pretty cool, who would not want one of these little fellows...This was actually on a TV show about a year ago, I have a bunch of smaller ones than this, but this was the show stealer....

--NM
  • #3,215
  • Feb 6, 2010 7:59pm Feb 6, 2010 7:59pm
Quoting Leche Mocha
Is your last name Tesla?
LOL no I just think he had some neat toys....

--NM
  • #3,216
  • Feb 7, 2010 2:57am Feb 7, 2010 2:57am
Quoting NightMoves
HI Guys,
Other than FOREX I thought I would share another one of my pet projects, this was during a demonstration... and now you have to admit this is pretty cool, who would not want one of these little fellows...This was actually on a TV show about a year ago, I have a bunch of smaller ones than this, but this was the show stealer....

--NM
wow, that is actually really cool. I think I saw this kind of machine in a movie once. Looks amazing.
  • #3,217
  • Feb 7, 2010 6:22am Feb 7, 2010 6:22am
Quoting Custos
wow, that is actually really cool. I think I saw this kind of machine in a movie once. Looks amazing.
I use the smaller ones, which stand about 7' (about 2.5 meters) for halloween props diring the season, they draw quite a crowd of onlookers... My latest creation is solidstate table top model for more halloween props, its pretty small but looks really cool...

--NM
  • #3,218
  • Feb 7, 2010 6:49am Feb 7, 2010 6:49am
Quoting NightMoves
I use the smaller ones, which stand about 7' (about 2.5 meters) for halloween props diring the season, they draw quite a crowd of onlookers... My latest creation is solidstate table top model for more halloween props, its pretty small but looks really cool...

--NM
Would that keep salesmen away from my front door? You know like a bug zapper?
  • #3,219
  • Feb 7, 2010 6:51am Feb 7, 2010 6:51am
Quoting Pip Dawg
Would that keep salesmen away from my front door? You know like a bug zapper?
You would be suprised what stays away when thats running...LOL

--NM
  • #3,220
  • Feb 7, 2010 6:55am Feb 7, 2010 6:55am
The USDCHF pair is uptrending nicely again, but I think it is about due for a good retracement on the 4 hour chart. If the SNB keeps interjecting into this we may see another one, the EURCHF pair is getting real close to the price area where the SNB made their presence known the last 2 times.

If the do decide to play with us again, then I Guess being long on the USDCHF at that moment would be good thing...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Retreacement Due.png Size: 159 KB
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