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Trend Trading All Pairs

  • #3,961
  • Feb 16, 2010 11:09am Feb 16, 2010 11:09am
Quoting Custos
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.

My offer is still on the table...and that cat life depends on it...You've been forewarned....

Reiterating the offer again:

http://www.forexfactory.com/showpost...postcount=3597
  • #3,962
  • Feb 16, 2010 11:12am Feb 16, 2010 11:12am
Quoting Paulette
Hi EntropyLAD

AJ seems to be battling to break RN & Resistance
You took the trade? the AJ triangle breakout?

I took the CADJPY trade instead -- later this morning...
  • #3,963
  • Feb 16, 2010 11:23am Feb 16, 2010 11:23am
I dont see anything else to trade....all breakouts...USD and CAD and JPY...now...just wait for retracements and consolidations....

See you all later.
  • #3,964
  • Feb 16, 2010 11:28am Feb 16, 2010 11:28am
Quoting EntropyLad
i beleive CUSTOS made the prediction that this week will be JPY week. He is right, again, as usual.

http://www.forexfactory.com/showpost...postcount=3863

ONCE AGAIN, good work, yunero.
Yeah, i still remember what he said yesterday.. today is though day for me especially the major pair..
Trend + S&R + RR =
  • #3,965
  • Edited 11:55am Feb 16, 2010 11:33am | Edited 11:55am
Area around 144.00 has quite strong resistance its at 50% & 78.6% fib ret of prior moves combined with prior price resistance and a RN. Looks good.
Quoting Pipalicious
gbp/jpy.

Anybody waiting for a touch trade?
Attached Image (click to enlarge)
Click to Enlarge Name: GPJPY.jpg Size: 125 KB
  • #3,966
  • Feb 16, 2010 11:49am Feb 16, 2010 11:49am
Quoting PippyD
Which swing did you use for the Fib for this analysis?
The one from 1.4574 - low on daily chart.

I will add that there also exists the possibility of seeing e/u continue its downtrend around 1.3850ish due to the strong confluence present aswell.

Watch and see what price does when it reaches 1.3850. If it breaches strongly it "should" go to 1.4000 - 1.4050ish

Heres a chart

This is just my opinion. Im still learning... so take it with a pich of salt lol
Attached Image (click to enlarge)
Click to Enlarge Name: fib.png Size: 58 KB
  • #3,967
  • Feb 16, 2010 11:55am Feb 16, 2010 11:55am
GBPUSD is going to test major resistance.. i'll keep my eye on this one..

http://img713.imageshack.us/img713/5...6feb170151.gif
Trend + S&R + RR =
  • #3,968
  • Feb 16, 2010 11:59am Feb 16, 2010 11:59am
Quoting EntropyLad
You took the trade? the AJ triangle breakout?

I took the CADJPY trade instead -- later this morning...
Hi Entropy,

Is this how you saw your charts?

Have I done it correctly or is there anything that differs from your thoughts here?

Input Input Input im like a robot on steroids ha.

Cheers again

Pip
Attached Image (click to enlarge)
Click to Enlarge Name: cadyen1h.png Size: 59 KB
  • #3,969
  • Feb 16, 2010 12:02pm Feb 16, 2010 12:02pm
Quoting EntropyLad
You took the trade? the AJ triangle breakout?

I took the CADJPY trade instead -- later this morning...

Yes I did, and guess what, then I moved my SL before TP1 as I had to go out - damm, she stops me out in small profit and then starts running with the bulls...
  • #3,970
  • Feb 16, 2010 12:06pm Feb 16, 2010 12:06pm
Looking good to short
Good luck!

http://img5.imageshack.us/img5/206/s...8feb170203.gif
Trend + S&R + RR =
  • #3,971
  • Feb 16, 2010 12:32pm Feb 16, 2010 12:32pm
Quoting Pipalicious
The one from 1.4574 - low on daily chart.

I will add that there also exists the possibility of seeing e/u continue its downtrend around 1.3850ish due to the strong confluence present aswell.

Watch and see what price does when it reaches 1.3850. If it breaches strongly it "should" go to 1.4000 - 1.4050ish

Heres a chart

This is just my opinion. Im still learning... so take it with a pich of salt lol
Thanks. I had mine on the H4. Took me a second to realize you were looking at the daily.

It's not always clear how to identify the correct swing. If you mess around enough it seems you can make the chart tell you anything you want. The value of experience I guess.

It will be interesting to see what happens around 1.3850...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 2-16-2010 11-27-42.jpg Size: 139 KB
  • #3,972
  • Feb 16, 2010 1:03pm Feb 16, 2010 1:03pm
Quoting yunero
Looking good to short
Good luck!

http://img5.imageshack.us/img5/206/s...8feb170203.gif
This does appear to be setting up nicely.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY 2-16-2010 12-00-41.jpg Size: 203 KB
  • #3,973
  • Feb 16, 2010 1:05pm Feb 16, 2010 1:05pm
Quoting PippyD
Thanks. I had mine on the H4. Took me a second to realize you were looking at the daily.

It's not always clear how to identify the correct swing. If you mess around enough it seems you can make the chart tell you anything you want. The value of experience I guess.

It will be interesting to see what happens around 1.3850...
Practice and patience. Im not a pro either but the more you practice the easier it gets (sort of lol)...

I start with a top down approach from M-W-D. When you do that on the e/u youŽll see the trendline from the dailies clearly.

When the bull run came to an end and broke the dailies trendline, it went on to create a swing. These two marks are my short dailies trendline.

The way i look at it is that we are simply trading trends *within* trends. So if you look at the dailies, the impulse starting from 1.4550 is just a swing. But when you zoom into that swing to the 4h charts that in itself is another trend so to speak.

Now it "seems" that the 4h trend has come to an end with a clear momentum break. But in reality this 4h TL "break" is nothing more than the correction of the DAILIES trend.

Hope i havent confused you here. Thats the way i personally understand it.

Maybe others can add to it. Or correct me if im wrong

Pip.
  • #3,974
  • Feb 16, 2010 1:25pm Feb 16, 2010 1:25pm
Quoting Pipalicious
Practice and patience. Im not a pro either but the more you practice the easier it gets (sort of lol)...

I start with a top down approach from M-W-D. When you do that on the e/u youŽll see the trendline from the dailies clearly.

When the bull run came to an end and broke the dailies trendline, it went on to create a swing. These two marks are my short dailies trendline.

The way i look at it is that we are simply trading trends *within* trends. So if you look at the dailies, the impulse starting from 1.4550 is just a swing. But when you zoom into...
Makes total sense Pip. I'm getting a much better feel for scanning on the longer time frames and using the shorter for entry. Using an alerter has helped a lot too. I don't feel like I'm glued to the M15. At first that was fun but it isn't a very efficient use of time.
  • #3,975
  • Feb 16, 2010 2:30pm Feb 16, 2010 2:30pm
Quoting Custos
yeah, that is a problem I always have with placing orders in advance on LOB's or AOB's. Difficult to know in advance what price is doing and where entry and stop loss should be places.
That's why I just like to set touch trades while I sleep. Cause the stoploss and entry level is already predefined and it wouldn't make much difference if I am in front of the computer or not...
How do you pre-define the entry and stop loss for those TT's?
  • #3,976
  • Feb 16, 2010 3:00pm Feb 16, 2010 3:00pm
Quoting PippyD
This does appear to be setting up nicely.
Not quite. Got oh so close and then pulled back to the resistance line.
  • #3,977
  • Feb 16, 2010 3:21pm Feb 16, 2010 3:21pm
Here is the pair which could qualify for a TT (input needed from TT specialists & veterans) .....at the level identified with yellow color there are two fib level ...RN ....Monthly resistance .....larger TF is down therefore Short ....on H4 it is more clear

Anyone who could chip in along with TT resident sniper Master Custos
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audcad.PNG Size: 47 KB
Click to Enlarge Name: audcad-h4.PNG Size: 44 KB
  • #3,978
  • Edited 3:48pm Feb 16, 2010 3:30pm | Edited 3:48pm
Quoting MktScape
Here is the pair which could qualify for a TT (input needed from TT specialists & veterans) .....at the level identified with yellow color there are two fib level ...RN ....Monthly resistance .....larger TF is down therefore Short ....

Anyone who could chip in along with TT resident sniper Master Custos
in general I agree with the area and reasons you pointed out. However, that pair is not trending, in fact it made a higher low recently (now looking like a triangle), if you look at your chart. Not a good indication. It probably will react at that level, but not sure if it will continue to the downside.
  • #3,979
  • Feb 16, 2010 4:06pm Feb 16, 2010 4:06pm
Quoting Custos
in general I agree with the area and reasons you pointed out. However, that pair is not trending, in fact it made a higher lower recently (now looking like a triangle), if you look at your chart. Not a good indication. It probably will react at that level, but not sure if it will continue to the downside.
Hi Custos,
Thanks for responding .... its good to know that i am thinking on the correct lines ..... pair is indeed not in a clear trend ...and the higher low ...hmmm...so i think if price does reacts at this level then one can probably take a small short move on a smaller TF ... nothing big ...i'll sift through other pairs for a better trading opportunity.
  • #3,980
  • Feb 16, 2010 4:21pm Feb 16, 2010 4:21pm
I made slightly over 300 pips on this pair today. Held it since the 9th...

Trending or not, I caught the retrace..



Quoting Custos
in general I agree with the area and reasons you pointed out. However, that pair is not trending, in fact it made a higher low recently (now looking like a triangle), if you look at your chart. Not a good indication. It probably will react at that level, but not sure if it will continue to the downside.
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