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Trend Trading All Pairs

  • #4,121
  • Feb 17, 2010 6:13pm Feb 17, 2010 6:13pm
Quoting Pip Dawg
Don't be silly...that's one of the Brazilian bikini girls in my pool. You can't see the other 6 or 7 of them. They are just out of the frame.

I would never let that guy in my pool.
These are some of the other girls Pip Dawg is talking about...

http://www.motifake.com/image/demoti...1243087383.jpg


OUR undercover paparazzi photographs caught PIP dawg in action:

http://www.motifake.com/image/demoti...1257978776.jpg
  • #4,122
  • Feb 17, 2010 6:21pm Feb 17, 2010 6:21pm
Hmmmm....those bikinis are pretty big. This is more like it.

I like our end of day picture exchange...it relaxes me.
Attached Image
  • #4,123
  • Feb 17, 2010 6:22pm Feb 17, 2010 6:22pm
On a more serious note....do you guys using MT4 have to wait a long time for your charts to load? It seems that it takes mine a long time. I will even start it up and go get a cup of coffee while I wait.
  • #4,124
  • Feb 17, 2010 6:22pm Feb 17, 2010 6:22pm
Quoting Pip Dawg
Hmmmm....those bikinis are pretty big. This is more like it.

I like our end of day picture exchange...it relaxes me.
By relaxation, you do mean this?

http://farm4.static.flickr.com/3043/...37b9dc.jpg?v=0
  • #4,125
  • Feb 17, 2010 6:25pm Feb 17, 2010 6:25pm
I love my SMA soo much i got this on a t-shirt.

http://www.southwestmeat.org/newslet...chive/sma.jpeg
  • #4,126
  • Feb 17, 2010 7:52pm Feb 17, 2010 7:52pm
Any inputs on this possible long NZD/USD?
Thanks
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  • #4,127
  • Feb 17, 2010 8:13pm Feb 17, 2010 8:13pm
Quoting Pip Dawg
On a more serious note....do you guys using MT4 have to wait a long time for your charts to load? It seems that it takes mine a long time. I will even start it up and go get a cup of coffee while I wait.
My Charts will take awhile to load if I have the dashboard or any of those kind of indicators otherwise it does not take too long, maybe a 1 minute or so...

--NM
  • #4,128
  • Feb 17, 2010 8:20pm Feb 17, 2010 8:20pm
Anyone watching the AUDUSD....

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr Chart.png Size: 28 KB
  • #4,129
  • Feb 17, 2010 8:36pm Feb 17, 2010 8:36pm
Here is the EJ looking like it is getting ready to bust a move...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr downtrend.png Size: 33 KB
  • #4,130
  • Feb 17, 2010 8:57pm Feb 17, 2010 8:57pm
Quoting NightMoves
Here is the EJ looking like it is getting ready to bust a move...

--NM
I like the setup, but the 123 level is looming support IMO. I would love to see it break the TL and then retrace to 123.86 to short on a TT.
The BPC just seems to close to tough support.
  • #4,131
  • Feb 17, 2010 9:27pm Feb 17, 2010 9:27pm
Quoting NightMoves
Anyone watching the AUDUSD....

--NM
I've had this one on my watch list but I'm a bit confused about where to enter. I feel that I've been missing some good trades waiting for the exact setup. Would you wait for the break of the counter trend line or the first sign of higher highs and higher lows on the trigger chart?
  • #4,132
  • Feb 17, 2010 9:50pm Feb 17, 2010 9:50pm
Anyone looking at CadJpy 1H?
  • #4,133
  • Feb 18, 2010 12:40am Feb 18, 2010 12:40am
I think that we all agree that one of the best trading methods is the ones without all kinds of indicators. I even dare to say that our method here could even be traded with the moving averages. It just makes trends more visual but we could surely do without.

We all look pretty much for the same thing, and all of us can see that this way of trading is working. So why aren't we all making crazy pips...and when i say all I MEAN ME!

When I'm not trading and looking at the charts I know exactly what to look for. To test this i haven't traded this week and only called trades. I looked at the charts once a day and called the trades that i would have made...if and when the setup arose.

Some came close to being a setup but wouldn't have made it. Others how ever did become a good setup and if i would have entered I would have made pips.

The question that i asked myself: would I really have made pips if I would have closely watched these setups form? Would I really have made pips if I would have managed the trades after entering?

Honestly, I think not. There are many things that could have gone wrong but all would have the same reason: my mind playing tricks on me! How many times I haven't found a reason to enter a trade to early or to late. I talked myself out of good and into bad trades more times than I care to remember.

So nothing wrong with this method. We (talking about myself again) can definitely make pips. I am convinced that it isn't difficult, it's just not easy.

My task is clear. What i need is a way to implement the basics of this method but make it stress free. This will involve setting alarms at entry points and enter with SL, TP1, TP2 and a trailing stop in place. Make the trade and let it run without manual managing it.

This is the only way for me to trade. I just can't handle the psychology of it. Should that mean i have to give up trading all together? it might be...but i think this less intensive approach could be the answer to my problem.

Any ideas?
It's my price or no price at all!
  • #4,134
  • Feb 18, 2010 1:36am Feb 18, 2010 1:36am
Quoting Pip Dawg
I've had this one on my watch list but I'm a bit confused about where to enter. I feel that I've been missing some good trades waiting for the exact setup. Would you wait for the break of the counter trend line or the first sign of higher highs and higher lows on the trigger chart?
Wait for the break of the counter trend line, then wait for it to pull back then when it continues on its merry way then you hitch a ride when it crosses the point where the pullback began...

--NM
  • #4,135
  • Feb 18, 2010 1:39am Feb 18, 2010 1:39am
Quoting NightMoves
Here is the EJ looking like it is getting ready to bust a move...

--NM
Looks like this EJ is going to bust a move without a pullback....Sometimes they have a mind of their own...

--NM
  • #4,136
  • Feb 18, 2010 1:45am Feb 18, 2010 1:45am
Quoting 4extool
I think that we all agree that one of the best trading methods is the ones without all kinds of indicators. I even dare to say that our method here could even be traded with the moving averages. It just makes trends more visual but we could surely do without.

We all look pretty much for the same thing, and all of us can see that this way of trading is working. So why aren't we all making crazy pips...and when i say all I MEAN ME!

When I'm not trading and looking at the charts I know exactly what to look for. To test this i haven't traded this...
The psychology of it is probably the biggest thing to overcome, and the best way to do that is to make sure you are only trading in small lot sizes to get yourself adjusted, make sure you trade demo first to make sure you have the basics down, and when you have the basics down, and you start making money on the demo, then and only then go live, trade smaller lot sizes until you get used to it, and eventually you will get over the psychology issue, because the amount your trading is not a big amount, you need to get your feet wet and test the water dont jump right in until you know the temperature.

Then the psyhological issue go away..

--NM
  • #4,137
  • Feb 18, 2010 1:47am Feb 18, 2010 1:47am
Quoting finswin56
I like the setup, but the 123 level is looming support IMO. I would love to see it break the TL and then retrace to 123.86 to short on a TT.
The BPC just seems to close to tough support.
The AUDUSD pullback went deeper than I was hoping for I guess it is not quite ready..

--NM
  • #4,138
  • Feb 18, 2010 1:49am Feb 18, 2010 1:49am
Quoting hytten
Anyone looking at CadJpy 1H?
Yes I have been watching that pair as well, looks to me like that one dug in a little deeper than I was hoping for too...

--NM
  • #4,139
  • Feb 18, 2010 1:52am Feb 18, 2010 1:52am
Quoting 4extool
I think that we all agree that one of the best trading methods is the ones without all kinds of indicators. I even dare to say that our method here could even be traded with the moving averages. It just makes trends more visual but we could surely do without.

We all look pretty much for the same thing, and all of us can see that this way of trading is working. So why aren't we all making crazy pips...and when i say all I MEAN ME!

When I'm not trading and looking at the charts I know exactly what to look for. To test this i haven't traded this...
Hi 4exTool and Others,

I agree with what you are saying - we had a similar discussion yesterday on the pshycology side (Custos, EntropyLad and myself) - I implemented exactly this method today, getting up a wee bit earlier, finding the setups, planning my trades in advance, upon entry I setup my whole trade as per my plan. At times I will be here watching or doing something else, it has happens too many times now already that I get into good setups and then the in-trade management is not planned well enough.

Of the trades I identified yesterday as potential, 5 delivered and 3 did not reach my plan. Fortunately, unfortunately - whilst planning these trades, I did not take any of them as I had some other chores to do when they did kick in eventually. 2 of these trades could have been mine without overexposing my account unnecessarily...
  • #4,140
  • Feb 18, 2010 1:56am Feb 18, 2010 1:56am
The EJ is trying to leave the station without me, still no good pullback on the hourly chart, here is the 4 hour setup...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr setup.png Size: 36 KB
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