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Trend Trading All Pairs

  • #4,041
  • Feb 17, 2010 3:53am Feb 17, 2010 3:53am
Quoting Paulette
Higher High's

Sorry Custos, did not see your reply

thanks, as well.
  • #4,042
  • Feb 17, 2010 4:38am Feb 17, 2010 4:38am
Looks like EUR/CAD wants to swing again: 4hr / 1hr
  • #4,043
  • Feb 17, 2010 4:50am Feb 17, 2010 4:50am
Looking to enter long on BPC from the range.

Strong break out of the range, now waiting for continuation.

1h/15m

If you look at 4h chart theres a lot of space for the trade to move. In fact my last target is set to 64.450, below the RN, 80% aprox of ADR and below the 4h resistance.

Lets see how it plays out
  • #4,044
  • Feb 17, 2010 5:01am Feb 17, 2010 5:01am
Quoting Pipalicious
Looking to enter long on BPC from the range.

Strong break out of the range, now waiting for continuation.

1h/15m

If you look at 4h chart theres a lot of space for the trade to move. In fact my last target is set to 64.450, below the RN, 80% aprox of ADR and below the 4h resistance.

Lets see how it plays out
hm, my ATR for the day goes only up to 64.28, and that's a 100%. Not sure if it will reach the 64.45 today.
  • #4,045
  • Feb 17, 2010 5:07am Feb 17, 2010 5:07am
Quoting Custos
hm, my ATR for the day goes only up to 64.28, and that's a 100%. Not sure if it will reach the 64.45 today.
??

Thats strange.

Ive got the adr on 122...

Has anybody else got anything different?
Attached Image (click to enlarge)
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  • #4,046
  • Feb 17, 2010 5:15am Feb 17, 2010 5:15am
Euro/usd

It seems come down first suport is. 13655
  • #4,047
  • Feb 17, 2010 5:19am Feb 17, 2010 5:19am
Quoting Pipalicious
??

Thats strange.

Ive got the adr on 122...

Has anybody else got anything different?

my ADR = 105
  • #4,048
  • Feb 17, 2010 5:22am Feb 17, 2010 5:22am
Quoting Paulette
my ADR = 105
interesting, I looked now at two metatrader platforms and the ADR is 75 and 70 for nzd/jpy.

Interesting that everybody has different values.
  • #4,049
  • Feb 17, 2010 5:28am Feb 17, 2010 5:28am
Quoting Custos
another piece of advice: Plan first and then act. Plan out every single eventuality for the trade. Once you have finished your plan you stop analysing and just taking the trade according to your plan.
Problem is, if you plan the trade when you are already in it, your emotions will conflict with rational judgement.
Only if really unexpected things happen, or if your target is not hit by 1 to 5 pips, only then would I interfere with the plan. Otherwise just trade according to the plan.
By following these steps and dividing planning from acting,...
That is right, do you have a good plan?
  • #4,050
  • Feb 17, 2010 5:30am Feb 17, 2010 5:30am
Quoting Custos
interesting, I looked now at two metatrader platforms and the ADR is 75 and 70 for nzd/jpy.

Interesting that everybody has different values.
hmmm

That is strange. If anything they all should be pretty close and 30pip+ is a large jump IMO.

Im a bit weary on nzd/jpy but im following it closely.

How about e/u custos? You think a TT is appropriate here around 1.3700?
If not what dont you like about it if i may ask?

Cheers
  • #4,051
  • Feb 17, 2010 5:32am Feb 17, 2010 5:32am
Quoting Pipalicious
??

Thats strange.

Ive got the adr on 122...

Has anybody else got anything different?
my ADR = 105 on MIG
  • #4,052
  • Feb 17, 2010 5:41am Feb 17, 2010 5:41am
Quoting Pipalicious
hmmm

That is strange. If anything they all should be pretty close and 30pip+ is a large jump IMO.

Im a bit weary on nzd/jpy but im following it closely.

How about e/u custos? You think a TT is appropriate here around 1.3700?
If not what dont you like about it if i may ask?

Cheers
I like more the level 1.3670 to 1.3680, it also has a trendline coinciding, furthermore ADR would exhaust also in that area.
1.3700 would be fine, if we didn't have the area I mentioned just below as an S/R level. But need to watch price action, if it continues to drop fast, then I won't get in.
However, you could also scale in if you want, enter some at 1.3700, some at 1.3680, some at 1.3670. But I rather miss a trade than entering at a level, I don't have faith in.

So, my level 1.367 to 1.368, but depends on PA.
  • #4,053
  • Feb 17, 2010 5:44am Feb 17, 2010 5:44am
Quoting forex_trader
That is right, do you have a good plan?
well, if you read through the thread, then you can judge for yourself how good or bad my plans are.
  • #4,054
  • Feb 17, 2010 5:50am Feb 17, 2010 5:50am
Quoting Pipalicious
??

Thats strange.

Ive got the adr on 122...

Has anybody else got anything different?
I think I know what makes up for the difference. I just loaded hector's old ADR indicator and got a value of around 100.
I think his new indicator already substracts 20% of the ADR. So you see a conservative estimate of the ADR (80% of normal ADR).
  • #4,055
  • Feb 17, 2010 5:51am Feb 17, 2010 5:51am
Hi Custos,

your views please on EUR/CAD:

4hr/1hr:

4hr: Dynamic Repell, Resistance holding, close to weekly trendline 4 nov 2009

1hr: ADR - remainder bit on low side, b-p-c in progress, RN - opportunity for 40 pips, possibly scaling in if breaking thru 14250 level
  • #4,056
  • Feb 17, 2010 5:54am Feb 17, 2010 5:54am
Quoting Custos
I think I know what makes up for the difference. I just loaded hector's old ADR indicator and got a value of around 100.
I think his new indicator already substracts 20% of the ADR. So you see a conservative estimate of the ADR (80% of normal ADR).
Your totally right...

Ive just applied it on the nzd/jpy and yes it goes down from 122 (old indicator) to 95 (new one) which is in fact aprox 80%.

IŽll use the new one.

I never realised the new one only projected the 80%. Learn something new everyday lol.

cheers for that.
  • #4,057
  • Feb 17, 2010 6:00am Feb 17, 2010 6:00am
In nzd/jpy.

Also watching usd/cad range looking for breakout to short. Lets see how strong the range is when the news come out. If it holds to the upside and continues down iŽll reassess and enter short.

Any opinions or thoughts ?
  • #4,058
  • Feb 17, 2010 6:03am Feb 17, 2010 6:03am
Quoting Pipalicious
In nzd/jpy.

Also watching usd/cad range looking for breakout to short. Lets see how strong the range is when the news come out. If it holds to the upside and continues down iŽll reassess and enter short.

Any opinions or thoughts ?

I think its a toss-up between eur/cad (4hr/1hr swing) and usd/cad range break... what's your opinion...

Custos got a neat 400-500 pips of eur/cad on the prev swing...
  • #4,059
  • Feb 17, 2010 6:06am Feb 17, 2010 6:06am
Quoting Paulette
Hi Custos,

your views please on EUR/CAD:

4hr/1hr:

4hr: Dynamic Repell, Resistance holding, close to weekly trendline 4 nov 2009

1hr: ADR - remainder bit on low side, b-p-c in progress, RN - opportunity for 40 pips, possibly scaling in if breaking thru 14250 level
I see that as a range and would wait for a breakout to the downside. Or a retrace back to my daily blue line.
I think what you wanna do is trading in-range to the downside? which is okay, but I think you got the concept of a bpc a little wrong. The bpc should TEST the trendline it broke. It should pull back to the trendline or breakout point. A bpc doesn't just happen anywhere in the chart, just at breakout points.
And I also wanna add that eur/cad already moved violently since a few hours. Not sure if it won't just return back up when ny starts.
Does that answer your question?
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  • #4,060
  • Feb 17, 2010 6:16am Feb 17, 2010 6:16am
Quoting Custos
I see that as a range and would wait for a breakout to the downside. Or a retrace back to my daily blue line.
I think what you wanna do is trading in-range to the downside? which is okay, but I think you got the concept of a bpc a little wrong. The bpc should TEST the trendline it broke. It should pull back to the trendline or breakout point. A bpc doesn't just happen anywhere in the chart, just at breakout points.
And I also wanna add that eur/cad already moved violently since a few hours. Not sure if it won't just return back up when ny starts.
Does...

Yes it does, thanks for you input - very much appreciated... Something was not quite sitting right with this trade and I could not figure what... I see this never got near the trendline, it just touched on 30SMA...

edit: also I think this tight market is making me see things that just aint there
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