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Trend Trading All Pairs

  • #3,361
  • Feb 9, 2010 2:30am Feb 9, 2010 2:30am
anybody seeing a new setup for this morning?
  • #3,362
  • Feb 9, 2010 2:35am Feb 9, 2010 2:35am
Quoting Custos
anybody seeing a new setup for this morning?
From what I can see no LOB's, and 4/1 still in process of developing new swings...

GU may give a small in-range trade, no b-p-c yet

Nothing on you other strats? Just realise I can still demo the gu counter trend, just because I can and am bored out of my scull...
  • #3,363
  • Feb 9, 2010 2:42am Feb 9, 2010 2:42am
Quoting Paulette
From what I can see no LOB's, and 4/1 still in process of developing new swings...

GU may give a small in-range trade, no b-p-c yet

Nothing on you other strats? Just realise I can still demo the gu counter trend, just because I can and am bored out of my scull...
yeah, I don't see any good setups, just watching some "boredom" setups, but they are not really worth to mention. Let's see, maybe I find some good setups later.
  • #3,364
  • Feb 9, 2010 2:54am Feb 9, 2010 2:54am
Quoting Custos
anybody seeing a new setup for this morning?

Nothing that i can trade. i cant trade the short GBP/CHF lob setup....because i fear SNB intervention....the trade seems to be working though...still, it is better to err on the side of caution.

Maybe there will be action later in GBP/USD, (gbp/cad already gone), EUR/CAD.
  • #3,365
  • Feb 9, 2010 2:57am Feb 9, 2010 2:57am
Quoting Paulette
Hi Entropy

LOB's I concur... I have seen previous intervention spikes, wild - too wild for the milkmen, will sour their week's outlook. Too wild for me too, just a mommy.
lmao. Milkman? hahaha. Sour milk? lol.

Oh well...for what is worth, the setup(short GBP/CHF did work)..but...it is better to err on the side of caution. it will be unfortunate to experience violent SNB intervention because you want to score a few pips. Apart from that, the trade is working. 1.6655 area will be the ADR price target if the trade was actually taken. Oh well.

http://i195.photobucket.com/albums/z...ertMilkman.jpg

I am guessing the picture below is that of PIP DAWG on saturdays...er...dressed up as milkman for the ladies(pip dawg undercover).

http://3.bp.blogspot.com/_pte2XO66Nw...00/milkman.jpg
  • #3,366
  • Feb 9, 2010 3:00am Feb 9, 2010 3:00am
Hey All.....I just saw this thread. Its great. I trade 22 different pairs. What time frame do most of you trade in?
In Charts We Trust!
  • #3,367
  • Feb 9, 2010 3:09am Feb 9, 2010 3:09am
Quoting X.Oden
Hey All.....I just saw this thread. Its great. I trade 22 different pairs. What time frame do most of you trade in?
I trade M30, H1, H4, DAILY, WEEKLY.

25 PAIRS. sometimes, 28. I think that is pretty much everybody trading range here, actually.

You like reminiscence of stock operator? Cool.
  • #3,368
  • Feb 9, 2010 4:18am Feb 9, 2010 4:18am
Quoting EntropyLad
lmao. Milkman? hahaha. Sour milk? lol.

Oh well...for what is worth, the setup(short GBP/CHF did work)..but...it is better to err on the side of caution. it will be unfortunate to experience violent SNB intervention because you want to score a few pips. Apart from that, the trade is working. 1.6655 area will be the ADR price target if the trade was actually taken. Oh well.

http://i195.photobucket.com/albums/z...ertMilkman.jpg
Hey....where did you get this picture of me at my second job?
  • #3,369
  • Feb 9, 2010 4:30am Feb 9, 2010 4:30am
Quoting EntropyLad
lmao. Milkman? hahaha. Sour milk? lol.

Oh well...for what is worth, the setup(short GBP/CHF did work)..but...it is better to err on the side of caution. it will be unfortunate to experience violent SNB intervention because you want to score a few pips. Apart from that, the trade is working. 1.6655 area will be the ADR price target if the trade was actually taken. Oh well.
Nicely done on the GBP/CHF! It looks like it may have been the only thing I missed. I almost got up for the London open.
  • #3,370
  • Feb 9, 2010 4:44am Feb 9, 2010 4:44am
It's nice to see some retracements finally happening on some of these.
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  • #3,371
  • Feb 9, 2010 4:45am Feb 9, 2010 4:45am
Hmmm...Markets are not showing much bias for the day right now...

--NM
  • #3,372
  • Feb 9, 2010 6:49am Feb 9, 2010 6:49am
Hey guys...correct me if I'm wrong but this is what we want to see right?

Retrace to 50% fib, previous resistance and all within the dynamic area of support.
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  • #3,373
  • Feb 9, 2010 7:19am Feb 9, 2010 7:19am
Quoting Pip Dawg
Hey guys...correct me if I'm wrong but this is what we want to see right?

Retrace to 50% fib, previous resistance and all within the dynamic area of support.
Yep, that's it PD

A LOT of USD pairs are retracing at the moment. It'll be interesting to watch how they all react to these areas...
  • #3,374
  • Feb 9, 2010 7:36am Feb 9, 2010 7:36am
Quoting Pip Dawg
Hey guys...correct me if I'm wrong but this is what we want to see right?

Retrace to 50% fib, previous resistance and all within the dynamic area of support.
Keep looking PipD, you'll be able to milk the market later today or tomorrow - if the rules apply
  • #3,375
  • Feb 9, 2010 7:54am Feb 9, 2010 7:54am
Quoting Pip Dawg
Hey guys...correct me if I'm wrong but this is what we want to see right?

Retrace to 50% fib, previous resistance and all within the dynamic area of support.
PipDawg, I am watching that same pair, and yep that would be a perfect area for the next entry, I have been watching this pair for a while...well since the SNB intervention on Thursday night, and it is right where we want it, now we just it need to start heading back up and look for a good entry.

--NM
  • #3,376
  • Feb 9, 2010 7:59am Feb 9, 2010 7:59am
Quoting Chris P
Yep, that's it PD

A LOT of USD pairs are retracing at the moment. It'll be interesting to watch how they all react to these areas...
Yup...it's like shopping for the best pair.
  • #3,377
  • Feb 9, 2010 8:02am Feb 9, 2010 8:02am
Quoting Paulette
Keep looking PipD, you'll be able to milk the market later today or tomorrow - if the rules apply
I hope so. This is the fun part...when the trend resumes and you can "milk" it for all it's worth.
  • #3,378
  • Feb 9, 2010 8:06am Feb 9, 2010 8:06am
Anybody got their eyes on the Eur/Aud?

Still needs developing but theres a fair bit of confluence on daily with future entry on 4h.

Opinions?

Another question...when you guys see several currencies with good opportunities...do you select the BEST out of all of them or does anyone here open "several" trades at a time?

If we open several i guess we are doubling our risk. For example e/u and u/chf.
Both look great. Would anyone consider increasing their lot size in order to just take one? instead of 3% go with 6%? Sounds crazy but i know of a few that do it quite well. Although im against it personally.

Just curious as to how you guys n gals go about it...

cheers

Pip
  • #3,379
  • Feb 9, 2010 8:17am Feb 9, 2010 8:17am
Quoting Pipalicious
Anybody got their eyes on the Eur/Aud?

Still needs developing but theres a fair bit of confluence on daily with future entry on 4h.

Opinions?

Another question...when you guys see several currencies with good opportunities...do you select the BEST out of all of them or does anyone here open "several" trades at a time?

If we open several i guess we are doubling our risk. For example e/u and u/chf.
Both look great. Would anyone consider increasing their lot size in order to just take one? instead of 3% go with 6%? Sounds crazy but i...
Hi Pip,
I personally will not double up my risk, if I have a trade open with say the USD as cross, I will not take another trade with that currency crossed with anything.

And yes I will open several trades at once, however I never risk more than 3% total, so I will reduce my lot size on each pair so I never have more than 3% at risk at any given time, and usually unless the setup is absolutely perfect I will not even risk 3% I will reduce it down to between 1 and 2% for the most part.

--NM
  • #3,380
  • Feb 9, 2010 8:46am Feb 9, 2010 8:46am
Quoting Pipalicious
Anybody got their eyes on the Eur/Aud?

Still needs developing but theres a fair bit of confluence on daily with future entry on 4h.

Opinions?
Yep, still watching. It's made a breakout over the last couple of bars, but it'll still take a while for this to form a retest and then continuation. Heavy support at 1.5500, so if this does play out as expected, either stops moved or take profit at that level.

Quote
Another question...when you guys see several currencies with good opportunities...do you select the BEST out of all of them or does anyone here open "several" trades at a time?

If we open several i guess we are doubling our risk. For example e/u and u/chf.
Both look great. Would anyone consider increasing their lot size in order to just take one? instead of 3% go with 6%? Sounds crazy but i know of a few that do it quite well. Although im against it personally.

Pip

I'm pretty much the same as NM here, although everyone has their own slight variation, I won't open another trade if I've got my full risk on the table, UNLESS I have my stops at BE. At which point I'm no longer risking anything on those trades, so I've freed that portion of my capital up again. I only risk 1% per trade, so this gives me room to open up 3 simultaneous trades if I want to.

Best,
Chris
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