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Trend Trading All Pairs

  • #4,461
  • Feb 23, 2010 3:42am Feb 23, 2010 3:42am
Quoting Paulette
I agree, I got some demo pips on your GBP/CHF as I entered once it dipped below the RN, placing my stop just above the test level @ 1.6726... Then moved my SL too close, stopped out +40...

Was watching AUD/USD and USD/CAD for potential LOB's - but those trains left the station without a b-p-c... Just as well, they have now both returned...

EDIT: what was your GBP/USD entry?
I'm short GU @ 1.5554.. Also short EU right on my trendline (touch trade)
Trend + S&R + RR =
  • #4,462
  • Feb 23, 2010 3:54am Feb 23, 2010 3:54am
Quoting yunero
I'm short GU @ 1.5554.. Also short EU right on my trendline (touch trade)

I watched EU and wondered - hmmmm, but hey, there will be more...

EDIT: yr GU = +100 at the moment! Well done, congrats
  • #4,463
  • Feb 23, 2010 4:02am Feb 23, 2010 4:02am
Quoting yunero
I'm short GU @ 1.5554.. Also short EU right on my trendline (touch trade)
good job yunero was deciding to short EU and GBP because they bounced from the trendlines and ended on shorting the EU instead. Then i see GBP +100 pips already while EU only +30 pips so far. oh well a profit is a profit
  • #4,464
  • Feb 23, 2010 5:12am Feb 23, 2010 5:12am
Quoting yunero
I'm short GU @ 1.5554..
Hi Yunero,
I've been lurking here for some time and am now formulating my own rules from the wisdom of Jacko, DanUK, Hector, NightMoves, Custos and Entropy.
You seem to have entered your GU short within two hours of the GBP 0915GMT news, which Hector wouldn't have done. We can choose to follow Hectors rules or not. I think part of Hector's thinking is that if you enter within two hours of the news, you may not have got to breakeven by the time the news comes out. With GU being such a fast-moving pair, I think it's less of a risk to enter within two hours of the news. I'd be grateful if you can find the time to answer
1) Is that your rationale?
2) Generally, what's your take on this?
Thanks,
Kan
Thanks for your help, warmth and straight talking Heather.
  • #4,465
  • Feb 23, 2010 7:43am Feb 23, 2010 7:43am
Just back to my computer..
I'm long UJ right now.. let see
Attached Image (click to enlarge)
Click to Enlarge Name: Yunero_ Feb. 23, 2010__05.gif Size: 21 KB
Trend + S&R + RR =
  • #4,466
  • Feb 23, 2010 8:11am Feb 23, 2010 8:11am
Quoting Kanderpro
Hi Yunero,
I've been lurking here for some time and am now formulating my own rules from the wisdom of Jacko, DanUK, Hector, NightMoves, Custos and Entropy.
You seem to have entered your GU short within two hours of the GBP 0915GMT news, which Hector wouldn't have done....
Hello there,

I dont believe that.. sometimes price can move very fast before the news is release. The problem is the entry point, not the time news come out..

I'm pure technical.. i dont care too much about news.. trendline trading give me a very good risk reward and that is enough for me..

Keep it simple..

sorry my english is suxxx..
Trend + S&R + RR =
  • #4,467
  • Feb 23, 2010 8:20am Feb 23, 2010 8:20am
Thanks, Yunero.
Thanks for your help, warmth and straight talking Heather.
  • #4,468
  • Feb 23, 2010 8:21am Feb 23, 2010 8:21am
Quoting yunero
Just back to my computer..
I'm long UJ right now.. let see
I have applied the KISS rules you stated yesterday:
- Trend;
- S/R level bounce off / touch
-R:R (1:2)

So that would make your entry around lets say 90.70, SL 15, tp1 30

Is my assessment of your trade above correct?

Now Hector Rules:
Looking at the 4hr chart it is also setting up to be a nice setup chart for a swing to Hector rules.

Trend is up, price in dynamic resistance area, counter trend line established, looks like bouncing off support / TL confluence, fib zone (38-61%), forming a pin-bar (indicating end of down movement???)

However the ADR is already exhausted for the day, 1st swing of new trend...

Lets see...
  • #4,469
  • Feb 23, 2010 8:29am Feb 23, 2010 8:29am
HI Guys I am not sure if you call this a touch trade or not on the EU pair right at the trend line, I had a 30 pip stop in place but did not need that much this time around... I took out 97 pips and closed out half, now I will follow it using the 75% fib method, and see what happens. These TT's rock if you catch them right( if thats what it really is)...my SL is a little lower than 75% right now, after the next inpulse if there is one, then I will use the 75% fib method.

My CADJPY trade ended with an 8 pip gain on the second half, 46 on the first half.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD TT.png Size: 23 KB
  • #4,470
  • Feb 23, 2010 8:30am Feb 23, 2010 8:30am
Quoting yunero
Just back to my computer..
I'm long UJ right now.. let see
I was holding out for 90.50. Looks like I may have missed out. There's always a BPC if price doesn't come back though.
  • #4,471
  • Feb 23, 2010 8:42am Feb 23, 2010 8:42am
Quoting NightMoves
HI Guys I am not sure if you call this a touch trade or not on the EU pair right at the trend line, I had a 30 pip stop in place but did not need that much this time around... I took out 97 pips and closed out half, now I will follow it using the 75% fib method, and see what happens. These TT's rock if you catch them right( if thats what it really is)...my SL is a little lower than 75% right now, after the next inpulse if there is one, then I will use the 75% fib method.

My CADJPY trade ended with an 8 pip gain on the second half, 46 on the first...
Hey NM..

just wondering if this is one of those trend line breaks Hector talks about that should now bounce to the upside off that TL or am I understanding it wrongly??

cheers,
Adrian
  • #4,472
  • Feb 23, 2010 8:45am Feb 23, 2010 8:45am
The USDCHF pair is heading back up too, on the weekly it looks like it is headed for the trendline at the 1.0900 RN, might be a good spot for a TT?

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly.png Size: 37 KB
  • #4,473
  • Feb 23, 2010 8:51am Feb 23, 2010 8:51am
Quoting aarangio
Hey NM..

just wondering if this is one of those trend line breaks Hector talks about that should now bounce to the upside off that TL or am I understanding it wrongly??

cheers,
Adrian
Not really sure about that, but on the 4 hour chart it has been bouncing off that trend line almost to the pip each time it gets there, so I was just hoping it would do it again. That type of entry is not normal entry method, but with a few of the other guys out here using the TT method I thought I would give it a shot and see what happens.

This pair has reached some very strong support on the longer TF and it may take a big a bounce to the upside, I am really not sure how many more pips this pair is going to give up on the short side it may be getting ready to head north, but then again who knows.

--NM
  • #4,474
  • Feb 23, 2010 8:53am Feb 23, 2010 8:53am
Quoting NightMoves
Not really sure about that, but on the 4 hour chart it has been bouncing off that trend line almost to the pip each time it gets there, so I was just hoping it would do it again. That type of entry is not normal entry method, but with a few of the other guys out here using the TT method I thought I would give it a shot and see what happens.

This pair has reached some very strong support on the longer TF and it may take a big a bounce to the upside, I am really not sure how many more pips this pair is going to give up on the short side it may be...
cheers..thanks for that NM

Adrian
  • #4,475
  • Feb 23, 2010 8:55am Feb 23, 2010 8:55am
Quoting aarangio
Hey NM..

just wondering if this is one of those trend line breaks Hector talks about that should now bounce to the upside off that TL or am I understanding it wrongly??

cheers,
Adrian
Here is what I was talking about when I mentioned the 4hr trend line and the clean bounces it has made from there:
Attached Image (click to enlarge)
Click to Enlarge Name: Trend Line Bounces.png Size: 47 KB
  • #4,476
  • Feb 23, 2010 9:01am Feb 23, 2010 9:01am
Quoting NightMoves
Here is what I was talking about when I mentioned the 4hr trend line and the clean bounces it has made from there:
I was actually seeing a H and S pattern at the end and jumped in to early and got skinned alive! ..
Would you agree that was a nice H & S pattern?

Adrian
  • #4,477
  • Feb 23, 2010 9:13am Feb 23, 2010 9:13am
Quoting aarangio
I was actually seeing a H and S pattern at the end and jumped in to early and got skinned alive! ..
Would you agree that was a nice H & S pattern?

Adrian
I can kind of see an inverted HnS and I know a lot traders follow them religously, but I just have not had good luck trying to trade HnS reversal patterns they just do not seem to be very consistant, but it could be I am not setting my targets on them like I should either, I know how your supposed to do it, but I dont and that is probably why they always fail short of the target when I trade them.

--NM
  • #4,478
  • Feb 23, 2010 9:20am Feb 23, 2010 9:20am
Quoting Paulette
I have applied the KISS rules you stated yesterday:
- Trend;
- S/R level bounce off / touch
-R:R (1:2)

So that would make your entry around lets say 90.70, SL 15, tp1 30

Is my assessment of your trade above correct?

Now Hector Rules:
Looking at the 4hr chart it is also setting up to be a nice setup chart for a swing to Hector rules....
Well, stopped out @ BE.. Looks like all yen pair is on bearish mode..

About the RR, 1:2 is the minimum.. usually i moved my SL when its is 2 times than SL and let it ride..
Trend + S&R + RR =
  • #4,479
  • Feb 23, 2010 9:23am Feb 23, 2010 9:23am
I took a re-entry on the CADJPY earlier too, that is now headed the right way...Looks like the trend collapse is underway...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY re_entry Collapse trade.png Size: 14 KB
  • #4,480
  • Feb 23, 2010 9:27am Feb 23, 2010 9:27am
Quoting NightMoves
I took a re-entry on the CADJPY earlier too, that is now headed the right way...Looks like the trend collapse is underway...

--NM
Well done NM..
Trend + S&R + RR =
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