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Trend Trading Chart Thread

  • #861
  • Edited 2:41am Feb 8, 2010 12:07am | Edited 2:41am
jing is a screencapture software. very easy to use, its just easier than copy and pasting into paint

ps. is everyone waiting for retracements up to fibs and trendlines now?
seems like everything is at the same spot and needs to pullback abit to go with some of these trends?
  • #862
  • Feb 8, 2010 7:06am Feb 8, 2010 7:06am
Quoting supermatt
jing is a screencapture software. very easy to use, its just easier than copy and pasting into paint

ps. is everyone waiting for retracements up to fibs and trendlines now?
seems like everything is at the same spot and needs to pullback abit to go with some of these trends?
Yes, i'm waiting for a pullback to ride the trend again.. my last trade was closed for profit +300 . This is really a simple method that works.. i just have to be patient, wait for perfect set up and go with the trend
  • #863
  • Feb 9, 2010 6:51am Feb 9, 2010 6:51am
PA appears to be at confluence of factors making this a point of interest? (50% fib (4H), round number and prev SR level). Be watching how PA reacts at this point re poss sell. Any thoughts?[
cheers Mitch
ATTACH]413321[/ATTACH]
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  • #864
  • Feb 9, 2010 7:03am Feb 9, 2010 7:03am
50%
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  • #865
  • Feb 9, 2010 7:25am Feb 9, 2010 7:25am
Quoting MitchOZ
PA appears to be at confluence of factors making this a point of interest? (50% fib (4H), round number and prev SR level). Be watching how PA reacts at this point re poss sell. Any thoughts?[
cheers Mitch
hmm

for me this is zone of interrest. In this case I am more interrested in the slightly higer potential resistance and supply line confluence as the 50% and supply line confluence.
I olso want to see a confirming price action. EU may go up more and unless EU starts the way down AU may as well go sideways but perhaps not down yet. Who knows??????

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Kind Regards zol
  • #866
  • Feb 9, 2010 7:49am Feb 9, 2010 7:49am
Quoting zoli
hmm

for me this is zone of interrest. In this case I am more interrested in the slightly higer potential resistance and supply line confluence as the 50% and supply line confluence.
I olso want to see a confirming price action. EU may go up more and unless EU starts the way down AU may as well go sideways but perhaps not down yet. Who knows??????

Attachment
Yes, I agree the TL touch (around 87.80) and round number (88) just above would be prime points of interest (to see how price reacts) if the 50% fib and prev resis don't hold.
Thanks for your input.
cheers
M
  • #867
  • Feb 9, 2010 7:57am Feb 9, 2010 7:57am
Quoting dorostkar
50%
I also think EU has more to go. Point of interest is around the 1.3850 mark. If it got there and PA confirms bearish move, closest round no (1.38) becomes sell opportunity. Who knows???Time (and market) will tell !!
cheers
M
  • #868
  • Feb 9, 2010 10:43am Feb 9, 2010 10:43am
My thinking is aligned with Mitchoz #863 post and Babe fx #10438 on Jackos site. So, I know me. I like to be in. I'm in the A/$ trade and if I'm wrong on the trade but right with the trend the AH will bail me out. Also if I'm wrong with the trade it's a better chance of getting E/$ at the higher price. It's a matter of whether this is another small grinding retrace on the 4H or a larger multi day retrace since these are both $ based. IF I am right on the current trend I should be ok. I could be wrong, we'll see.
  • #869
  • Feb 9, 2010 4:17pm Feb 9, 2010 4:17pm
whats everyone up to? some pairs at good levels now?
i have my eye on eu sell at 3750
au sell at 8750

there are a few others but dont want to many positions 2 will do.

im not sure though.
  • #870
  • Feb 10, 2010 5:31am Feb 10, 2010 5:31am
watching current h4 candle close.

btw whoever introduced jing here, thks. thats a fantastic piece of software
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  • #871
  • Feb 10, 2010 6:21am Feb 10, 2010 6:21am
Hi,

Watching USD-CHF at the mo. Will wait for trade balance report later today before trading this long.
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  • #872
  • Feb 10, 2010 10:05am Feb 10, 2010 10:05am
Hi guys - looks like we've finally got some movement back into the various trends... will post some charts when I get home.

Dan
  • #873
  • Feb 11, 2010 3:54am Feb 11, 2010 3:54am
I have some trades running
1.NZDJPY short at 63, strong S/R area + H4 TL, with daily trend
2.NZDUSD short at 0.7000 , similiar setup as NZDJPY. I was thinking just to tak NZDJPY and double the risk as the outcome will be probably the same for both trades.
3.EURGBP, wasnt filled at 0.8850 for short(8841 was the high). I will wait for this price as there is daily TL together with nice rezistance and round number

There are other setups but Im not going to take more as these pairs are too correlated and the risk would be unnecesary high. So I take other trades only if Im stopped out or SL is moved at BE.
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  • #874
  • Feb 11, 2010 3:57am Feb 11, 2010 3:57am
Quoting DanUK
Hi guys - looks like we've finally got some movement back into the various trends... will post some charts when I get home.

Dan
Here are a couple of charts of my current EU and U/C trades. So far so good....
Cheers Mitch
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  • #875
  • Feb 11, 2010 1:38pm Feb 11, 2010 1:38pm
euro is at be now, audusd stopped out and anti hedging now. dont know why i missed the usdchf trade
  • #876
  • Feb 12, 2010 4:16am Feb 12, 2010 4:16am
Quoting DanUK
Hi guys - looks like we've finally got some movement back into the various trends... will post some charts when I get home.

Dan
Hi again,

Well I couldn't post any charts as my son was ill and he wanted his dad to look after him!

Fortunately MitchOZ posted some charts that showed my thoughts! When I posted I was short E/U from 1.3800 which has since closed at BE. I re-entered short at 1.3750 yesterday which is currently up about 200 pips, stop +100. I am also long USD/CHF from 1.0650 which is currently up about 150 pips. I was also short A/U from 0.8750 which got stopped out for -100 pips. I didn't anti-hedge the A/U trade though as I am not convinced about direction at the moment.

I am still looking to sell G/U - my target was a sell from 1.5800 but we don't seem to be getting there. My current 4H chart shows a bearish outside bar forming that I am thinking about shorting below it...

Regards,

Dan
  • #877
  • Feb 12, 2010 4:47am Feb 12, 2010 4:47am
Quoting DanUK
Hi again,

Well I couldn't post any charts as my son was ill and he wanted his dad to look after him!

Fortunately MitchOZ posted some charts that showed my thoughts! When I posted I was short E/U from 1.3800 which has since closed at BE. I re-entered short at 1.3750 yesterday which is currently up about 200 pips, stop +100. I am also long USD/CHF from 1.0650 which is currently up about 150 pips. I was also short A/U from 0.8750 which got stopped out for -100 pips. I didn't anti-hedge the A/U trade though...
Hi guys. Wow what a night (or day for you nth hemisphere bretheren)Thought I would provide my update (plus a chart of another trade I am in).
EURUSD short from 1.3800 currently up +250 (Stop +100)
USDCHF long from 1.650 currently +150 (stop +100)
NZDJPY Short from 63.00 currently +80 (stop +100) I have attached chart below (NB I entered yesterday and then added today when price came back to test for the third time).
I alos got stopped out of my Ozzie play but like Dan, alos opted not to invoke A-H strategy as I believe fundamentals are going to drive Ozzie back up in near term so will hold back A-H play until later (when things settle back down again). But ofcourse I may be totally wrong and, as always, the market will show us the way !!
Good trading all.
cheers from "down under"
Mitch
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  • #878
  • Feb 12, 2010 4:55am Feb 12, 2010 4:55am
i am on antihedge audusd and loving it. shorted cable too and loving that too.

why i went short on cable at 5700

ooh la la, what a lovely day, grey though it might be.



Quoting DanUK
Hi again,

Well I couldn't post any charts as my son was ill and he wanted his dad to look after him!

Fortunately MitchOZ posted some charts that showed my thoughts! When I posted I was short E/U from 1.3800 which has since closed at BE. I re-entered short at 1.3750 yesterday which is currently up about 200 pips, stop +100. I am also long USD/CHF from 1.0650 which is currently up about 150 pips. I was also short A/U from 0.8750 which got stopped out for -100 pips. I didn't anti-hedge the A/U trade though...
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  • #879
  • Feb 12, 2010 5:50am Feb 12, 2010 5:50am
Quoting coolshades
i am on antihedge audusd and loving it. shorted cable too and loving that too.

why i went short on cable at 5700

ooh la la, what a lovely day, grey though it might be.
I think it's a fair shot - at the time the fundamentals weren't clear however with China raising its basis rate (http://www.bloomberg.com/apps/news?p...Uk3XTvBk&pos=1) another 50 points we may see AUD react bearishly.

The big problem for me however is the 0.8800 s/r level - if we can break below this I would be happy to short too.

Regards,

Dan
  • #880
  • Feb 12, 2010 5:57am Feb 12, 2010 5:57am
you mean the audusd short? i closed that already. i dont always let my trades run. basically i trade from major s/r to major s/r.

so if i am long or short in a position and price hits a s/r and retraces, then i will exit that position, and renter in same direction if price reopens above/below s/r with some 20-30 pips gap.



below/
Quoting DanUK
I think it's a fair shot - at the time the fundamentals weren't clear however with China raising its basis rate another 50 points we may see AUD react bearishly.

The big problem for me however is the 0.8800 s/r level - if we can break below this I would be happy to short too.

Regards,

Dan
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