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Trend Trading All Pairs

  • #4,361
  • Feb 21, 2010 7:04pm Feb 21, 2010 7:04pm
Quoting EntropyLad
hahaha....
Having looked at all these threads in the past (danuk, jacko, j16...) the one thing i can truly say about hectors "refined" entries is the fact that they take off *usually* with a lot of momentum. Mainly because like you posted it clears the retracement trendline, essentially clearing potential obstacles in its way. Thats my personal take on it.

Having said that they are all specialists within their own "niche" way of trading, with the underlying factor of simplicity

I seriously believe candle formations with TT trades are an excellent combination. Then again it isnt the formation in itself as you know, but the WHERE abouts it forms.

Good stuff in j16 thread. Look at mbqb11´s stuff aswell. He trades breakouts mostly with huge success.
  • #4,362
  • Feb 21, 2010 7:21pm Feb 21, 2010 7:21pm
Quoting Pipalicious
Having looked at all these threads in the past (danuk, jacko, j16...) the one thing i can truly say about hectors "refined" entries is the fact that they take off *usually* with a lot of momentum. Mainly because like you posted it clears the retracement trendline, essentially clearing potential obstacles in its way. Thats my personal take on it.

Having said that they are all specialists within their own "niche" way of trading, with the underlying factor of simplicity

I seriously believe candle formations with TT trades are an excellent...
Its pretty amazing how a simple method can and most of the time will have the greatest success, james16 thread has another very good way of trading, I have not fully learned that method but it looks pretty sound, as well as DanUK's thread he has a good method too.

Like this method and the others mentioned above simpler is always better...

--NM
  • #4,363
  • Feb 21, 2010 7:27pm Feb 21, 2010 7:27pm
Anyone watching the USDCAD 1hr/15min....

--NM
  • #4,364
  • Feb 21, 2010 7:28pm Feb 21, 2010 7:28pm
Quoting NightMoves
Hi HLang,

All you need to do for the template is set 3 moving average lines, 30, 50, AND 100. And those will tell you if you are in a safe trend to trade, entires into the market are not set by those, they are only to give you an idea of the trend condition. Entry in the market is explained in the beginning of the thread and various posts an examples throughout the thread.

Some people will get confused and enter based on those MA lines, that is not their pupose, they are there ONLY to let you know if you are in a tame trend or a wild trend,...
Thanks NM

Appreciate.
  • #4,365
  • Feb 21, 2010 7:32pm Feb 21, 2010 7:32pm
Quoting NightMoves
Anyone watching the USDCAD 1hr/15min....

--NM
Seems like there are too many bars I may pass this up for now....anymore than a 5 bar pullback on a 15 minute chart makes me nervous...

--NM
  • #4,366
  • Edited 7:49pm Feb 21, 2010 7:35pm | Edited 7:49pm
Quoting Pipalicious
Having looked at all these threads in the past (danuk, jacko, j16...) the one thing i can truly say about hectors "refined" entries is the fact that they take off *usually* with a lot of momentum. Mainly because like you posted it clears the retracement trendline, essentially clearing potential obstacles in its way. Thats my personal take on it.

Having said that they are all specialists within their own "niche" way of trading, with the underlying factor of simplicity

I seriously believe candle formations with TT trades are an excellent...
I read MBQb 11 Stuff on breakouts. Thanks. For those interested, here it is:

http://www.forexfactory.com/showpost...ostcount=13103
http://www.forexfactory.com/showpost...ostcount=13108
http://www.forexfactory.com/showpost...ostcount=13456
http://www.forexfactory.com/showpost...ostcount=13537
http://www.forexfactory.com/showpost...ostcount=14031


Man, i have spent the major part of my saturday, and practically the whole of my sunday reading through james16 thread. It has been fun and exhausting. I just came to FF this january for the first time, and i have learned soo much it is as if my brain was put on an accelerated academic program on steriods. My brain needs some cooling down period. Some time to digest and re-digest all that info from danuk + jacko+ james16 + brv + sith lord + pip dawg pictures.

One guy i never bothered with is "AUSLANCO". I am pathologically averse to indicators.

Yeah, i think strong candle formations with TT is a good idea too....it offers three advantages
(1)You can use it to pyramid into your position after your initial, standard TT entry.
(2)If price didnt trigger your initial, expected entry; candle formation offers a second chance to get in.
(3)If your initial entry hits the tight stop loss, you can re-enter again at candle confirmation, in fact, the candle formation is a FURTHER confirmation of you having picked the right spot for entry to begin with.

The problem is, of course, #1. what kind of reversal candle formations? I prefer hammer, inverted hammer, and engulfing bar. These strike me as the strongest and most intuitive. #2. How "good-looking" should the candle formation be? #3. The question of "SPACE".

The disadvantages of reversal candle formation is, the bounce maybe soo strong, that by the time the candle closes, you dont have enough "SPACE" to exploit for gains. And if you force your hand, you may simply be entering at the top rather than a continuation. You cant win them all.....

I like nightmoves use of 75% fib to trail stops. I like CUSTOS use of 10%, set and forget approach. I like danUK use of ADR as trailing SL or 100 pips to trail.

Mix, chop, re-combine. Extract. It is a big buffet...what are you going to eat?
  • #4,367
  • Feb 21, 2010 7:44pm Feb 21, 2010 7:44pm
or scalping ???

It seems that USD trends are too volatile ...

Any boring yet moving pairs to look at ?

Thanks
{Promotion Removed}
  • #4,368
  • Feb 21, 2010 7:45pm Feb 21, 2010 7:45pm
Quoting EntropyLad
I read MBQb 11 Stuff on breakouts. Thanks. For those interested, there it is:

http://www.forexfactory.com/showpost...ostcount=13103
http://www.forexfactory.com/showpost...ostcount=13108
http://www.forexfactory.com/showpost...ostcount=13456
http://www.forexfactory.com/showpost...ostcount=13537
http://www.forexfactory.com/showpost...ostcount=14031


Man, i have spent the major part of my saturday, and practically the whole...
lol! I´ll have fish and chips please

I like the idea of applying a manual trailing stop to intra-week trades (4h+). In fact that IS what i used to do, but imho by itself you tend to give back a fair chunk and believe me, its demoralising...

So my thoughts now are a combination of custos scaling out with either:

a) fixed manual tsl ala jacko/danuk.
b) 75% fibo per 40pip impulse move tsl ala NM (if im correct).

Either way i like this because:

a) most profits are in the bank due to scaling and locking. Also psychologically the impact is very positive.
b) a small amount open to exploit the *potential* longer term trend providing we dont have strong s/r in vicinity.


Thats my focus right now. Individually they all work well but a combo of them will definitely improve RR.
  • #4,369
  • Feb 21, 2010 7:45pm Feb 21, 2010 7:45pm
Quoting EntropyLad
I read MBQb 11 Stuff on breakouts. Thanks. For those interested, here it is:

http://www.forexfactory.com/showpost...ostcount=13103
http://www.forexfactory.com/showpost...ostcount=13108
http://www.forexfactory.com/showpost...ostcount=13456
http://www.forexfactory.com/showpost...ostcount=13537
http://www.forexfactory.com/showpost...ostcount=14031


Man, i have spent the major part of my saturday, and practically the whole of my...
You miss my pictures already...don't you?
  • #4,370
  • Feb 21, 2010 7:51pm Feb 21, 2010 7:51pm
Quoting earthsmate
or scalping ???

It seems that USD trends are too volatile ...

Any boring yet moving pairs to look at ?

Thanks
I think if you are trading the USD trends on the smaller time frames they can be very volatile, but the 4 hour TF I have found that to be pretty stable once you find a good trend, even the 1 hr can be pretty good at times. I am not a scalper so I do not look any shorter than really the 1 hour time frame for a trend, I have traded the 30 minute TF trends but I prefer the longer time frames myself.

--NM
  • #4,371
  • Feb 21, 2010 7:52pm Feb 21, 2010 7:52pm
Quoting EntropyLad
For those interested....i have been reading through JAMES16 thread. Here is the collection of the best of james16.

http://www.forexfactory.com/showpost...ostcount=23250

Knock yourself silly.
Thanks Entropy for posting some of the good parts of James16's thread. I know there is alot there. My ADD prevents me from reading the whole thing...very fast anyway.

I do like what he says about trading longer time frames. I've tried to scalp on the shorter term time frames for a long time with mediocre results. It hasn't been until recently that I've started using longer time frames that I've been doing better with my trading. I do believe the longer time frames are the way to go.
  • #4,372
  • Feb 21, 2010 7:52pm Feb 21, 2010 7:52pm
Quoting Pipalicious
lol! I´ll have fish and chips please

I like the idea of applying a manual trailing stop to intra-week trades (4h+). In fact that IS what i used to do, but imho by itself you tend to give back a fair chunk and believe me, its demoralising...

So my thoughts now are a combination of custos scaling out with either:

a) fixed manual tsl ala jacko/danuk.
b) 75% fibo per 40pip impulse move tsl ala NM (if im correct).

Either way i like this because:

a) most profits are in the bank due to scaling and locking. Also psychologically the impact is very...
In the begining i use to sell 1/2 at swing low/high like hector talked about in his video...only to watch too many times the other 1/2 retraced back. I hate that. In fact, unless it is a trendline collapse trade, i just close out everything at swing low/high. But, i can clearly see the appeal of 10% combined with ADR as T-SL(ala danuk) or with 75% fib(ala nightmoves)
  • #4,373
  • Feb 21, 2010 7:54pm Feb 21, 2010 7:54pm
I am thinking this USDCAD pair is getting ready for launch for some reason, I am watching on the 4hr/1hr, and I think it is going to bust a move here shortly...it gets within a pip or 2 and then backs up and tries it again...interesting. I am not sure how long it is keep doing this until either wins or gives up but it is certainly trying to do something

--NM
  • #4,374
  • Feb 21, 2010 7:56pm Feb 21, 2010 7:56pm
Quoting NightMoves
I think if you are trading the USD trends on the smaller time frames they can be very volatile, but the 4 hour TF I have found that to be pretty stable once you find a good trend, even the 1 hr can be pretty good at times. I am not a scalper so I do not look any shorter than really the 1 hour time frame for a trend, I have traded the 30 minute TF trends but I prefer the longer time frames myself.

--NM
The best time frames for hector trades are H4, In my opinion, of course, i trade M30 to weekly. But the best, tends to be H4. I never quite focused until chrisP keeps mentioning how he tends to only focused on that...that sharpens my observation of H4 timeframe.
  • #4,375
  • Feb 21, 2010 7:57pm Feb 21, 2010 7:57pm
Quoting NightMoves
I am thinking this USDCAD pir is getting ready for launch for some reason, I am watching on the 4hr/1hr, and I think it is going to bust a move here shortly...it gets within a pip or 2 and then backs up and tries it again...interesting. I am not sure how long it is keep doing this until either wins or gives up but it is certainly trying to do something

--NM
Best of luck. One thing is almost certain, after a strong move down...i will trade good retracement setups towards the 1.04000.
  • #4,376
  • Feb 21, 2010 8:01pm Feb 21, 2010 8:01pm
Quoting EntropyLad
In the begining i use to sell 1/2 at swing low/high like hector talked about in his video...only to watch too many times the other 1/2 retraced back. I hate that. In fact, unless it is a trendline collapse trade, i just close out everything at swing low/high. But, i can clearly see the appeal of 10% combined with ADR as T-SL(ala danuk) or with 75% fib(ala nightmoves)
Its funny you mention about closing at swing low/high. Ive noticed how many a time price will usually retrace considerably prior to swing low/high.

My focus is to exit minimum 70%/80% at previous swing low/high and trail the rest.

Combining micro patterns on trigger chart + RN (hector style), obviously scaling out like custos, and some sort of combo between NM/danuk tsl...

Thats my focus as we speak. Time will tell.
  • #4,377
  • Feb 21, 2010 8:02pm Feb 21, 2010 8:02pm
Quoting EntropyLad
Best of luck. One thing is almost certain, after a strong move down...i will trade good retracement setups towards the 1.04000.
Because of the position of it and the distance from the 0350 level I would not take this trade with such a large spread, at least not on this session...

--NM
  • #4,378
  • Feb 21, 2010 8:10pm Feb 21, 2010 8:10pm
Entropy,
1.04000 level passed and there dosent appear to be a bounce ...i think the next bounce level would be around 1.03500 ...there are 4 conflunece factors around there RN, 78% Fib, Daily Support, 100% Fib extension.

What do you guys think?

Quoting EntropyLad
Best of luck. One thing is almost certain, after a strong move down...i will trade good retracement setups towards the 1.04000.
  • #4,379
  • Feb 21, 2010 8:14pm Feb 21, 2010 8:14pm
Quoting MktScape
Entropy,
1.04000 level passed and there dosent appear to be a bounce ...i think the next bounce level would be around 1.03500 ...there are 4 conflunece factors around there RN, 78% Fib, Daily Support, 100% Fib extension.

What do you guys think?

I have no idea. I dont know how far USD/CAD will be bearish before any retracement and how far the retracement will be. My preferred entry is 1.0400...and it is contigent on a lot of future price action. On top of that, there is my 10 rules of TT trades to consider. So, it is still far in the future.
  • #4,380
  • Feb 21, 2010 8:14pm Feb 21, 2010 8:14pm
USDCHF appears to be retesting the counter trend line on H1 ...
Quoting NightMoves
The USDCHF has retraced back to the 61.8 fib number 36 pips above the RN 1.0700...

--NM
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