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Trend Trading All Pairs

  • #4,401
  • Feb 21, 2010 10:20pm Feb 21, 2010 10:20pm
Quoting EntropyLad
They dont use it in vacuum. They use it in conjuction with a strong hammer or inverted hammer reversal (2)RN (3)s/r level

They always wait for strong hammer or inverted hammer as confirmation. Just getting in at fib levels alone will get anybody killed.
What I did was look at where the reversals had occured and most occered at RN and the 38- 61 fib window of the last retracement, the extra fib did catch a couple, and each one of course did have S/R levels, I am not saying it is a bad idea I am saying I need to play with the idea somewhat to see what the hit an miss ratio looks like, I have seen charts where there are 3 or 4 fib levels drawn and they take the trade and matching levels. So I need to play with it.

--NM
  • #4,402
  • Feb 21, 2010 10:33pm Feb 21, 2010 10:33pm
Quoting NightMoves
USDCHF off the weekly support area...

--NM
Where did you put that weekly support area? I'm looking at around 1.07320 give or take.

It's getting close to an H4 trendline in that area too.
  • #4,403
  • Feb 21, 2010 10:40pm Feb 21, 2010 10:40pm
Quoting PippyD
Where did you put that weekly support area? I'm looking at around 1.07320 give or take.

It's getting close to an H4 trendline in that area too.
Its actually weekly resistance, it is around the 1.0900, very close to where the last impulse wave turned around...

--NM
  • #4,404
  • Feb 21, 2010 10:47pm Feb 21, 2010 10:47pm
Quoting NightMoves
Its actually weekly resistance, it is around the 1.0900, very close to where the last impulse wave turned around...

--NM
Got it. That number came from the OTL. I was looking at the horizontal support from swings in Dec 2008 and May 2009. Those two areas are getting very close to each other.
  • #4,405
  • Feb 21, 2010 10:51pm Feb 21, 2010 10:51pm
Quoting PippyD
Got it. That number came from the OTL. I was looking at the horizontal support from swings in Dec 2008 and May 2009. Those two areas are getting very close to each other.
If you zoom out on the weekly you can see this pair is in a big triangle shape price pattern...

--NM
  • #4,406
  • Feb 21, 2010 11:02pm Feb 21, 2010 11:02pm
Quoting NightMoves
If you zoom out on the weekly you can see this pair is in a big triangle shape price pattern...

--NM
Bottom around .99200? This is looking interesting.
  • #4,407
  • Feb 21, 2010 11:10pm Feb 21, 2010 11:10pm
Quoting PippyD
Bottom around .99200? This is looking interesting.
Yes it sure is, could be a very nice profitable move in the very near future....

--NM
  • #4,408
  • Feb 21, 2010 11:43pm Feb 21, 2010 11:43pm
Hello guys..
Anyone watching AUDUSD?
I'm just short AUDUSD on trendline retest a while ago..

Wish me luck!
Attached Image (click to enlarge)
Click to Enlarge Name: Yunero_02 Feb. 22, 2010 13.38.gif Size: 21 KB
Trend + S&R + RR =
  • #4,409
  • Feb 22, 2010 12:50am Feb 22, 2010 12:50am
Quoting yunero
Hello guys..
Anyone watching AUDUSD?
I'm just short AUDUSD on trendline retest a while ago..

Wish me luck!
Hi Yunero,

I have been watching your postings closely and with interest - is I my assumption correct that you sniff for:
1) Trend direction;
2) confluence of TL and S/R levels;

Questions:
Do you consider RN's?
Different TF's (i.e. setup and trigger charts)

Basically what are the rules you apply - if you dont mind sharing

Thanx
  • #4,410
  • Feb 22, 2010 1:37am Feb 22, 2010 1:37am
Quoting Paulette
Hi Yunero,

I have been watching your postings closely and with interest - is I my assumption correct that you sniff for:
1) Trend direction;
2) confluence of TL and S/R levels;

Questions:
Do you consider RN's?
Different TF's (i.e. setup and trigger charts)

Basically what are the rules you apply - if you dont mind sharing

Thanx
Yes, you right buddy.. i'm sniffing for trend and S&R level..
but not round numbers..

I'm only trading on H4 timeframe. I've tried fibo and RN before but its not suit my trading style as it too much for me.. KISS give me more confidence to enter the market.

I like the touch trade concept very much.. i can set my SL tight and very small compare to my target.. i'll jump to the market as long my RR is ok.

Hey, did you my signature? Thats is my trading rules
Trend + S&R + RR =
  • #4,411
  • Feb 22, 2010 1:47am Feb 22, 2010 1:47am
Quoting yunero
Yes, you right buddy.. i'm sniffing for trend and S&R level..
but not round numbers..

I'm only trading on H4 timeframe. I've tried fibo and RN before but its not suit my trading style as it too much for me.. KISS give me more confidence to enter the market.

I like the touch trade concept very much.. i can set my SL tight and very small compare to my target.. i'll jump to the market as long my RR is ok.

Hey, did you my signature? Thats is my trading rules
Thanks for Sharing - I thought that signature looked like the rules, but then again, you never know. The analysis seems very simple, I will have to try some of these out until I can id those strong S/R levels accurately.

I like the tight SL a lot. What is your R:R / success rate on trades?

Whats your opinion on Eur/Usd - it is looking like a 4hr setup for 150 pips to 13450.

AUD/USD is good so far.
  • #4,412
  • Feb 22, 2010 2:22am Feb 22, 2010 2:22am
Quoting Paulette
Thanks for Sharing - I thought that signature looked like the rules, but then again, you never know. The analysis seems very simple, I will have to try some of these out until I can id those strong S/R levels accurately.

I like the tight SL a lot. What is your R:R / success rate on trades?

Whats your opinion on Eur/Usd - it is looking like a 4hr setup for 150 pips to 13450.

AUD/USD is good so far.
I always keep my RR 1:2 or more..

Not sure about EU right now as it already break resistance @ 1.3580.. I will only short EU if it reach my trendline..
Attached Image (click to enlarge)
Click to Enlarge Name: Yunero_ Feb. 22, 2010__03.gif Size: 19 KB
Trend + S&R + RR =
  • #4,413
  • Feb 22, 2010 2:34am Feb 22, 2010 2:34am
Quoting yunero
I always keep my RR 1:2 or more..

Not sure about EU right now as it already break resistance @ 1.3580.. I will only short EU if it reach my trendline..
I see your reasoning on EU...

R:R 1:2 is pretty good as you can leave some to hitch the "free ride"...
  • #4,414
  • Feb 22, 2010 3:26am Feb 22, 2010 3:26am
Quoting yunero
I always keep my RR 1:2 or more..

Not sure about EU right now as it already break resistance @ 1.3580.. I will only short EU if it reach my trendline..
Yunero

worked thru a number of your posts and now have:
Question: do you wait for a candle to close as confirmation or do you enter say #pips below the S/R level?
  • #4,415
  • Feb 22, 2010 3:39am Feb 22, 2010 3:39am
Quoting EntropyLad
You took the TT short off 1.4650?

Looks pretty much okay to do. I dont see why not except that it is sunday. That is my only issue.
Despite my trepidations about the weekend as a factor(i will need to get CUSTOS opinion on this), it is good to know that the TT from 1.3650 still has effectiveness, eur/usd now at 1.3590.

p.s. i meant to write 1.3650 not 1.4650 on the EUR/USD above quote.
  • #4,416
  • Feb 22, 2010 3:44am Feb 22, 2010 3:44am
Quoting Paulette
Yunero

worked thru a number of your posts and now have:
Question: do you wait for a candle to close as confirmation or do you enter say #pips below the S/R level?
Most of my trades is a touch trade.. but i always depend on PA..ie; if the price is too fast (mostly on economic release), i wont dare to take the touch trade as it looks like will break the S&R level.. so then i'll wait for a candle to close first before make any decision..
Trend + S&R + RR =
  • #4,417
  • Feb 22, 2010 3:50am Feb 22, 2010 3:50am
Quoting yunero
Most of my trades is a touch trade.. but i always depend on PA..ie; if the price is too fast (mostly on economic release), i wont dare to take the touch trade as it looks like to break the S&R level.. so then i'll wait for a candle to close first before make any decision..
I like your style, yunero...but i am already working on too many amalgam of S/R techniques already to even consider seriously adding more to it. I am currently on hector + jacko + danUk + brv + james16+ (this or that from nightmoves and custos). That is currently enough for now....i should focus on extracting and re-extracting these before adding more. But...keep up the good work....i like reading good stuff....

Perhaps, of better interest is you talking about intra-trade money management and trend exploitation....

Best regards
  • #4,418
  • Edited 4:49am Feb 22, 2010 4:13am | Edited 4:49am
Quoting yunero
Hello guys..
Anyone watching AUDUSD?
I'm just short AUDUSD on trendline retest a while ago..

Wish me luck!

NZD/CAD short.

UPDATE: i dont feel like posting an entirely new post to just say that GBP/JPY bpc under 141.00 will be a good short. it is close to the daily low. use judgement
  • #4,419
  • Feb 22, 2010 4:45am Feb 22, 2010 4:45am
Hi Guys

I've following this thread with great interest, however my wife had a baby 4 weeks ago so I have been a bit busy to keep up to date. My question is about the 'Touch Trades' a few people have mentioned, I seem to have missed the concept, rules etc. Could someone elaborate or point me to the relevant posts.

thanks
Andy_G
  • #4,420
  • Feb 22, 2010 5:57am Feb 22, 2010 5:57am
For those interested in learning more about Price Action (PA), here's a file that explains the various bar/candle formations. For more info on how and where to look for these, head on over to the James16 thread.

They can be used very effectively in trends, and with the method explained by NightMoves here.

Best,
Chris
Attached File(s)
File Type: pdf Price Action Setups.pdf   45 KB | 733 downloads
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