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Trend Trading All Pairs

  • #3,901
  • Feb 16, 2010 5:19am Feb 16, 2010 5:19am
Pipalicious,

Mind sharing your spread indicator you have on your chart? So tired of having to calculate it all the time.
  • #3,902
  • Feb 16, 2010 5:29am Feb 16, 2010 5:29am
Quoting iezzzwan
same here..i am short after 1.3640..classic bpc. The usdjpy looks like a goner though.
bpc's normally happen at the BREAKOUT of the retracement trendline. That's why they are called bpc's (BREAKOUT-pullback-continuation).

Secondly, trigger chart should be h1, since setup chart is h4.
Thirdly, right now it's getting to lunch break for london traders and ny didn't start yet. So kind of risky to get in now.

Just some thoughts.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h4 16.2.2010.gif Size: 47 KB
  • #3,903
  • Feb 16, 2010 5:49am Feb 16, 2010 5:49am
Quoting iezzzwan
same here..i am short after 1.3640..classic bpc. The usdjpy looks like a goner though.
am short from 13639, and a lot of confluence at this level - 38%fib, RN & Support, CTL breakout on pivots, next level is at 13628...
  • #3,904
  • Feb 16, 2010 5:59am Feb 16, 2010 5:59am
Quoting Custos
bpc's normally happen at the BREAKOUT of the retracement trendline. That's why they are called bpc's (BREAKOUT-pullback-continuation).

Secondly, trigger chart should be h1, since setup chart is h4.
Thirdly, right now it's getting to lunch break for london traders and ny didn't start yet. So kind of risky to get in now.

Just some thoughts.
Thanks Custos for pointing it out, Ill have to manage my risk very closely now and rather opt out waiting for a reentry than be wacked out... Also news coming up shortly
  • #3,905
  • Feb 16, 2010 6:11am Feb 16, 2010 6:11am
I am aslo watching the EU, here is what my game plan. Looking for around 80 pips total on this move if it plays out...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: EU Trigger 1 hour chart.png Size: 36 KB
  • #3,906
  • Feb 16, 2010 6:13am Feb 16, 2010 6:13am
yup i was mentioning the retracement on the m15.. counting the chicken before they are hatch. Havent pull the trigger yet though.. lol noob mistake. Thanks custos.
  • #3,907
  • Feb 16, 2010 6:19am Feb 16, 2010 6:19am
Quoting Custos
bpc's normally happen at the BREAKOUT of the retracement trendline. That's why they are called bpc's (BREAKOUT-pullback-continuation).

Secondly, trigger chart should be h1, since setup chart is h4.
Thirdly, right now it's getting to lunch break for london traders and ny didn't start yet. So kind of risky to get in now.

Just some thoughts.
Thanks Custos. To me this is more like a bpc from the rejection of 1.3680 rather than the typical 1H trigger chart.

The price is way way way above pivot so I think it will fall. My entry is at 1.3650. Rejection of the retracement TL and weekly pivot at 1.3661
  • #3,908
  • Feb 16, 2010 6:52am Feb 16, 2010 6:52am
It keeps getting rejection off of yesterdays high.....A break below that an it should head south...

--NM
  • #3,909
  • Feb 16, 2010 7:10am Feb 16, 2010 7:10am
Quoting hytten
Pipalicious,

Mind sharing your spread indicator you have on your chart? So tired of having to calculate it all the time.
This is the link i got it from...

http://www.earnforex.com/metatrader-indicators/Spread

Its good.

In the settings turn the last option to "true".

Easy and very usefull

Pip
  • #3,910
  • Feb 16, 2010 7:26am Feb 16, 2010 7:26am
Quoting Paulette
Hi EntropyLAD

AJ seems to be battling to break RN & Resistance

and there AJ goes breaking the resistance it was fighting all morning...
  • #3,911
  • Feb 16, 2010 7:40am Feb 16, 2010 7:40am
Quoting NightMoves
I am aslo watching the EU, here is what my game plan. Looking for around 80 pips total on this move if it plays out...

--NM

EU does not want to come & play.... -10 on first attempt... if she comes down again, I will relook
  • #3,912
  • Feb 16, 2010 7:53am Feb 16, 2010 7:53am
Quoting Paulette
EU does not want to come & play.... -10 on first attempt... if she comes down again, I will relook
I hear ya, I have not entered yet I want to fall below yesterdays high, but it just could not do it on the first go around hopefully it will do it this time around, the USDCAD is one I am watching too...

--NM
  • #3,913
  • Feb 16, 2010 8:05am Feb 16, 2010 8:05am
Quoting NightMoves
I hear ya, I have not entered yet I want to fall below yesterdays high, but it just could not do it on the first go around hopefully it will do it this time around, the USDCAD is one I am watching too...

--NM
UCAD - you waiting on a break below 1.0439? looks like b-p-c is complete now... on the news... where will she go now?

Am slightly annoyed with myself, had to leave the desk for 2 hours and then brought SL on AJ closer, it took me out and now she is off breaking upwards... Never move that SL
  • #3,914
  • Feb 16, 2010 8:10am Feb 16, 2010 8:10am
Quoting Pipalicious
This is the link i got it from...

http://www.earnforex.com/metatrader-indicators/Spread

Its good.

In the settings turn the last option to "true".

Easy and very usefull

Pip
Thank you so much
  • #3,915
  • Feb 16, 2010 8:10am Feb 16, 2010 8:10am
still remember my trade last week on gbp/aud? I still have a small position open with 500+ pips. Amazing that that pair runs so far in such a short period of time.
  • #3,916
  • Feb 16, 2010 8:11am Feb 16, 2010 8:11am
Quoting Paulette
UCAD - you waiting on a break below 1.0439? looks like b-p-c is complete now...

Am slightly annoyed with myself, had to leave the desk for 2 hours and then brought SL on AJ closer, it took me out and now she is off breaking upwards... Never move that SL
Yes I am hoping it keeps headin down but you never know all you can do is get in and hope for the best, Looks like it is not going to play nice either today.

--NM
  • #3,917
  • Feb 16, 2010 8:14am Feb 16, 2010 8:14am
Quoting NightMoves
Yes I am hoping it keeps headin down but you never know all you can do is get in and hope for the best, Looks like it is not going to play nice either today.

--NM
this one I will just watch, as I am yet to have a positive trade on this one - somehow our relationship is not on the + side...
  • #3,918
  • Feb 16, 2010 8:20am Feb 16, 2010 8:20am
Quoting Paulette
this one I will just watch, as I am yet to have a positive trade on this one - somehow our relationship is not on the + side...
Today it seems to have a mind of its own, these markets are playing games today and I am not sure I like the games they are playing...I entered at the break and now it seems it has changed it mind after letting me think it was going to be easy...

--NM
  • #3,919
  • Feb 16, 2010 8:20am Feb 16, 2010 8:20am
Quoting Paulette
this one I will just watch, as I am yet to have a positive trade on this one - somehow our relationship is not on the + side...
Are you talking of aud/jpy?

Could you post a pic so that i can see visually what you mean please?

Just want to contrast your personal view thats all.

Im not in any trade today. Market seems a bit "woncky" lol.
  • #3,920
  • Feb 16, 2010 8:24am Feb 16, 2010 8:24am
Quoting Pipalicious
Are you talking of aud/jpy?

Could you post a pic so that i can see visually what you mean please?

Just want to contrast your personal view thats all.

Im not in any trade today. Market seems a bit "woncky" lol.
Wonky is an understatement...looks like complete and total indecision so far...if this trade dont work then I am going to sit on the sidelines and see what the devil this market has in mind...that should have been a nice clean break on a normal day...but it was not....

--NM
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