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Trend Trading All Pairs

  • #3,561
  • Feb 11, 2010 3:44am Feb 11, 2010 3:44am
Quoting Custos
I just want to make you aware that you reached a trendline. GBP/CAD might not have any momentum left today to push through that trendline, just a thought.
Thnx for pointing that out Custos. Fortunately I was a scary cat (again! LOL) and closed my remaining trade just as the new 15min candle opended above 16600.

However, I have rejoined the EUR/CAD trade at the asian breakout and also your Touch trade on NZD/USD on Demo - just for the fun of it...
  • #3,562
  • Feb 11, 2010 3:48am Feb 11, 2010 3:48am
Quoting MktScape
Hello Everyone,
I just couldnt sleep tonight ..even though i have to go to office its already 5:00 AM ....anyways....check this one out..for a short
yep, I see nothing wrong with that, however, time of the day is important here (at least for me). If I get a signal today I will not take the trade. for chf/jpy I want a signal in early asian or early london session. Now the early london session is almost over.
But if you get a signal in ny session and you are not as conservative as me, then go for it.

best regards
  • #3,563
  • Feb 11, 2010 3:55am Feb 11, 2010 3:55am
Quoting Paulette
Thnx for pointing that out Custos. Fortunately I was a scary cat (again! LOL) and closed my remaining trade just as the new 15min candle opended above 16600.

However, I have rejoined the EUR/CAD trade at the asian breakout and also your Touch trade on NZD/USD on Demo - just for the fun of it...
good, demo trading is important, cause YOU gotta get comfortable calling your own trades. Since everybody handles trades differently it's important for you to find out what works and what doesn't without risking any or only a little bit of your money.
  • #3,564
  • Feb 11, 2010 3:58am Feb 11, 2010 3:58am
Quoting Paulette
Thnx for pointing that out Custos. Fortunately I was a scary cat (again! LOL) and closed my remaining trade just as the new 15min candle opended above 16600.

However, I have rejoined the EUR/CAD trade at the asian breakout and also your Touch trade on NZD/USD on Demo - just for the fun of it...
I did consider the short EUR/CAD for an LOB trade...but i think the GBP/CAD looks a bit prettier...the other choice was the short GBP/CHF which i am not going to touch!
So, i opted for the GBP/CAD.

I mean, paulette, not bad for your first week: YOU Made pips in eur/cad earlier, made pips in gbp/cad now...

on another note...if NY open starts approaching and my NZD/USD hasnt reached my designated +20pips target of 1.6986 where i plan to offload 1/2 of my cargo.....that will starts to make me uncomfortable....

Anyways, so far, my score this week on touch trades:

AUD/USD(right setup, successful) = +1, +1 = +2
AUDJPY(wrong setup, but successful)= -1, + 1 = 0
USDSGD(wrong setup, but successful)= -1, + 1 = 0
NZD/USD(right setup, still a work in progress).= +1,

I consider it successful if a +20pips is reached that makes the trade risk free.

Hopefully, by the end of february, with inputs from CUSTOS and others...i will ready to get my feet wet with actual small, small live trades.
  • #3,565
  • Feb 11, 2010 4:03am Feb 11, 2010 4:03am
Quoting MktScape
Hello Everyone,
I just couldnt sleep tonight ..even though i have to go to office its already 5:00 AM ....anyways....check this one out..for a short
how can i didn't notice it was very good setup

http://img168.imageshack.us/img168/9585/chfjpy.gif
Trend + S&R + RR =
  • #3,566
  • Feb 11, 2010 4:05am Feb 11, 2010 4:05am
Quoting EntropyLad
I did consider the short EUR/CAD for an LOB trade...but i think the GBP/CAD looks a bit prettier...the other choice was the short GBP/CHF which i am not going to touch!
So, i opted for the GBP/CAD.

I mean, paulette, not bad for your first week: YOU Made pips in eur/cad earlier, made pips in gbp/cad now...

on another note...if NY open starts approaching and my NZD/USD hasnt reached my designated +20pips target of 1.6986 where i plan to offload 1/2 of my cargo.....that will starts to make me uncomfortable....

Anyways, so far, my score this week...
Really, the transition from demo to live trading is not a really big deal, IF you know what you are doing and have a method that makes sense and trust it.
  • #3,567
  • Feb 11, 2010 4:15am Feb 11, 2010 4:15am
Quoting Custos
Really, the transition from demo to live trading is not a really big deal, IF you know what you are doing and have a method that makes sense and trust it.

Guys - again thank you for your support and discussions here, it is really great. My sense of clarity is getting better by the day.

Entropy as you pointed out, I am making pips - my first proper swing will come and soon too...

Touchies - I am sticking those into my demo account along with those little counter trend jobs.
  • #3,568
  • Feb 11, 2010 4:25am Feb 11, 2010 4:25am
Quoting Pipalicious
Ye im still in the trade.

Will be interesting what price will do with the outer TL. Its taking its time although i expect momentum once it breaks....if it does lol

I exited my eur/cad at 1.4610...so im a happy bunny lol

Pip
Wonder if you are still in EUR/AUD short, Pipalicious.

I already got out with a +70 and +200 pips.
  • #3,569
  • Feb 11, 2010 4:32am Feb 11, 2010 4:32am
i will be interested in short TOUCH trade of GBP/CAD at 1.6650 area. H4/H1.
  • #3,570
  • Feb 11, 2010 4:48am Feb 11, 2010 4:48am
Quoting yunero
EG is approaching daily resistance at 0.8833..
i may short this pair if the lower trendline break

http://img710.imageshack.us/img710/3228/69245434.gif
anyone with me? touch trade is on BE right now. i will add more short if the lower trendline break.
Trend + S&R + RR =
  • #3,571
  • Feb 11, 2010 4:48am Feb 11, 2010 4:48am
this is not a trading question but i normally use ninjatrader charts but i am trying mt4 charts out. How do i move the right side of the chart more to the center? the current bar is all the way to the right side. If i try to click on the chart and drag it i can only go back in time not add more chart.
Chris
  • #3,572
  • Feb 11, 2010 4:55am Feb 11, 2010 4:55am
Quoting yunero
anyone with me? touch trade is on BE right now. i will add more short if the lower trendline break.
Nice job. I was waiting for price to reach .8849 - .8854.
  • #3,573
  • Feb 11, 2010 4:58am Feb 11, 2010 4:58am
Quoting gctrading1
this is not a trading question but i normally use ninjatrader charts but i am trying mt4 charts out. How do i move the right side of the chart more to the center? the current bar is all the way to the right side. If i try to click on the chart and drag it i can only go back in time not add more chart.
you can click 'Chart Shift' button sir..

http://img98.imageshack.us/img98/7333/mt4shift.png
Trend + S&R + RR =
  • #3,574
  • Feb 11, 2010 4:58am Feb 11, 2010 4:58am
Quoting EntropyLad
Wonder if you are still in EUR/AUD short, Pipalicious.

I already got out with a +70 and +200 pips.
Aheup pal. You defo are a piphustla ey lol!

Im out for 150pips.

Im still learning so im trying things. Still working on proper entries. I also arent basing my exits on previous swing lows/highs like hector says....i tend to look for strong S/R on weekly-daily and if it coincides before the swing low/high then that is my exit couple pips above

If the numbers are right iŽll be going live at the end of Feb aswell.

I dont see why not, this method is very very robust.

Lets pimp these markets ha!
  • #3,575
  • Feb 11, 2010 5:00am Feb 11, 2010 5:00am
thank you very much i have been using ninjatrader for 3 years and nothing else so it is hard to make the change. I still use it for futures but i finally conceded that mt4 was better for FX.
Chris
  • #3,576
  • Feb 11, 2010 5:20am Feb 11, 2010 5:20am
Quoting EntropyLad
I have my eyes on NZD/USD too...i will break things down into smaller three microlots...place limit shorts at three points of 0.7005(1/3rd)...0.7008(1/3rd)...0.7015(1/3rd). Using a cumulative 20 pips as SL at 0.7029.

Awesome, out for +20pips at 1.6986 on NZD/USD. Only the short entry 0.7008 and 0.7005 was triggered.
  • #3,577
  • Edited 5:52am Feb 11, 2010 5:41am | Edited 5:52am
Just noticed that my short NZD/JPY TOUCH trade at 63.00 level trade has been triggered about 3hours ago and i didnt even noticed. Entry was at 62.95, SL at 63.15. it is already up by +40pips, so the +20 pips safety margin has been met and exceeded.

The Trade was originally alerted here:
http://www.forexfactory.com/showpost...postcount=3418

So, for this week so far, touch trades:

AUD/USD(right setup, successful)
AUD/JPY(wrong setup, but successful)
USD/SGD(wrong setup, but successful)
NZD/USD(right setup, successful)
NZD/JPY(right setup, successful)



Quoting EntropyLad
Since class is in session by Sniper Master Custos,

Here is my take on a few pairs, please, give your input to better refine my understanding. Entry was at 62.95, SL at 63.15.

for NZD/USD, i will aim for 0.7000 level.
[b]for NZD/JPY, I will aim for...
  • #3,578
  • Feb 11, 2010 5:45am Feb 11, 2010 5:45am
Quoting EntropyLad
Again. Just noticed that my short NZD/JPY TOUCH trade at 63.00 level trade has been triggered about 3hours ago and i didnt even noticed. Entry was at 62.95, SL at 63.15.
Trade alerted here:
http://www.forexfactory.com/showpost...postcount=3418
good job
  • #3,579
  • Feb 11, 2010 6:01am Feb 11, 2010 6:01am
Quoting Custos
good job

Thanks, custos. Now, all we need is a 1, 2, 3 formation on those babies to (a) trade those babies in my live account and (b) add pyramid into them in my demo account.

I still need more practice with these TOUCH trades or as paulette likes to call them "touchies".
  • #3,580
  • Feb 11, 2010 6:06am Feb 11, 2010 6:06am
Im in e/u and n/u

Eur/usd entry at 1.3738 sl at 1.3769

nzd/usd touch trade entry at 0.6995 with sl at 0.7015 currently at BE.

Few questions guys....

1.- How many of you pay attention to the trendscanner when searching for trending markets to analize? Ive noticed that it doesnt always tell. For example my scanner doesnt say that nzd/usd is trending...yet it is.

2.- When scaling out how do you decide which points to do it at and in how many parts do you take them out? 2 exits? 3? Depends on trade?

Cheers.

Pip
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