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Trend Trading All Pairs

  • #4,481
  • Feb 23, 2010 9:33am Feb 23, 2010 9:33am
Quoting yunero
Well done NM..
Thanks Yunero,
Maybe this time it will work, last time it sprang back up on me and I closed it at 8 pips on the second half of the trade, the first half netted 46 pips so maybe this time I can ride it for awhile.

--NM
  • #4,482
  • Feb 23, 2010 9:36am Feb 23, 2010 9:36am
Quoting yunero
Well done NM..
I just took an even 100 pips off the table, and now no risk so I need to stop watching it...LOL

--NM
  • #4,483
  • Feb 23, 2010 9:37am Feb 23, 2010 9:37am
Hello,

I have started reading this interesting thread. Thanks for your contributions.

For NightMoves......can you please tell me what MAs are on your chart?

Thank you
  • #4,484
  • Feb 23, 2010 9:47am Feb 23, 2010 9:47am
Quoting trademeister
Hello,

I have started reading this interesting thread. Thanks for your contributions.

For NightMoves......can you please tell me what MAs are on your chart?

Thank you
Hi trademeister,
I use those to determine the condition of a trend, they need to pointing in the same direction, and in order meaning the the fastest line needs to be closest to the PA, I do not use them for entries I only use them to determine trend condition, and whether or not I am in a wild trend or a tame trend. I have them set at 30,50,100 SMA on the close.

The CADJPY trade was a different method called a trend collapse method, and the MA lines do not play a part in that. I have not used that technique live very much because I had to practice it for awhile to get comfy with it.

--NM
  • #4,485
  • Feb 23, 2010 10:05am Feb 23, 2010 10:05am
NightMoves....
Thank you for answering. I understand.


congrats on all those pips
  • #4,486
  • Edited 11:55am Feb 23, 2010 10:39am | Edited 11:55am
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
NM,

When you are trading a trend collapse are your TP rules any different? I got in this trade too based on a nice H1 BPC but got out right before the previous swing high resistance. I can't complain as it was worth almost 50 pips but that's about half the move.

Only trading single lots right now. I suppose a multiple lot, multiple TP would have been a more sophisticated way to manage this.

All of the advice here, and Hector's course, are starting to pay off. I wrote down my analysis of this trade, remembered to be patient and let the trade come to me, and then had the confidence to "push the trigger" (If you've seen the video you'll get it. ).

PD
  • #4,487
  • Edited 1:26pm Feb 23, 2010 11:36am | Edited 1:26pm
Quoting PippyD
NM,

When you are trading a trend collapse are your TP rules any different? I got in this trade too based on a nice H4 BPC but got out right before the previous swing high resistance. I can't complain as it was worth almost 50 pips but that's about half the move.

Only trading single lots right now. I suppose a multiple lot, multiple TP would have been a more sophisticated way to manage this.

All of the advice here, and Hector's course, are starting to pay off. I wrote down my analysis of this trade, remembered to be patient and let the trade...
Not really, I closed out half the position moved stop to BE now I will just let it run using the 75% fib method and see how long that keeps in...

--NM
  • #4,488
  • Feb 23, 2010 11:37am Feb 23, 2010 11:37am
I just got back home, and nice to see my EU trade up 157 pips...Go USD...LOL
  • #4,489
  • Feb 23, 2010 11:44am Feb 23, 2010 11:44am
Between the 2 trades as of right now...309 pips, makes up for yesterdays snail races...

--NM
  • #4,490
  • Feb 23, 2010 12:04pm Feb 23, 2010 12:04pm
Looks like GBP/CAD might do something interesting.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD 2-23-2010 11-01-44.jpg Size: 77 KB
  • #4,491
  • Feb 23, 2010 12:18pm Feb 23, 2010 12:18pm
Quoting PippyD
Looks like GBP/CAD might do something interesting.
Sure looks like it is in an interesting area again...

--NM
  • #4,492
  • Feb 23, 2010 12:44pm Feb 23, 2010 12:44pm
Quoting PippyD
Looks like GBP/CAD might do something interesting.
I just took a closer look at the GBPCAD and that is really at a nice spot, thanks for the heads up on that, I am now watching that pair closely.

--NM
  • #4,493
  • Feb 23, 2010 1:11pm Feb 23, 2010 1:11pm
Here is another setup I am kind of watching, and have some side notes on...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD 4hr setup.png Size: 58 KB
  • #4,494
  • Feb 23, 2010 1:41pm Feb 23, 2010 1:41pm
Quoting PippyD
Looks like GBP/CAD might do something interesting.
PD,
Here is what I am seeing on the GBPCAD pair on the 4 hour chart, it is right there...right where it needs to be...just need the confirmation now...I do not have that pair on my MT4 platform but I have it on my live account...so this pic came from my live account platform...

EDIT: that is the 1 hour TF ( trigger chart) not the 4 hour

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr trend line.png Size: 46 KB
  • #4,495
  • Feb 23, 2010 1:59pm Feb 23, 2010 1:59pm
Quoting NightMoves
PD,
Here is what I am seeing on the GBPCAD pair on the 4 hour chart, it is right there...right where it needs to be...just need the confirmation now...I do not have that pair on my MT4 platform but I have it on my live account...so this pic came from my live account platform...

EDIT: that is the 1 hour TF ( trigger chart) not the 4 hour

--NM
Dont look like it is going to waste anytime either....

--NM
  • #4,496
  • Feb 23, 2010 2:10pm Feb 23, 2010 2:10pm
what an amazing trade that was on CAD/JPY , 150+ pips in few hours....
I wish it was my real account not the demo...
Thanks NM for this very interesting thread, I have been watching and learning for the last few months..
with regards to GBPCAD is looking very good too..waiting trigger point which is not far away
  • #4,497
  • Feb 23, 2010 2:33pm Feb 23, 2010 2:33pm
Looks like a nice bounce right off a confluence of S/R...as long as it holds we are in good shape for a possible another run to the bottom...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Hourly.png Size: 86 KB
  • #4,498
  • Feb 23, 2010 2:41pm Feb 23, 2010 2:41pm
EntropyLad,
I thought I would post this, you were talking about the different fibs from trend beginning and the fib from the last impulse....well take look at this...very interesting....

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Fib retracements.png Size: 72 KB
  • #4,499
  • Feb 23, 2010 2:55pm Feb 23, 2010 2:55pm
Quoting shahroor
what an amazing trade that was on CAD/JPY , 150+ pips in few hours....
I wish it was my real account not the demo...
Thanks NM for this very interesting thread, I have been watching and learning for the last few months..
with regards to GBPCAD is looking very good too..waiting trigger point which is not far away
HI Shahroor,

the CADJPY was an amazing trade for sure, I am not the expert at these trend collapse trades I have only done them a couple of times, but I feel I am getting more comfortable with them.

The GBPCAD I think will be another good trade, I have a trade open with the CAD so I will not take the GBPCAD trade but I think it is going to be a very good trade. 14 pips from there I had my trend line drawn, it bounced 50 pips quickly right around the 1.6300 RN, might have been a prefect touch trade.

--NM
  • #4,500
  • Edited 3:22pm Feb 23, 2010 3:12pm | Edited 3:22pm
Quoting shahroor
what an amazing trade that was on CAD/JPY , 150+ pips in few hours....
I wish it was my real account not the demo...
Thanks NM for this very interesting thread, I have been watching and learning for the last few months..
with regards to GBPCAD is looking very good too..waiting trigger point which is not far away
One thing I am beginning to take note of, is even if you are using the 4 hour setup chart, if you zoom into the micro patterns like say a 15 minute chart, they seem to give you a better entry. I have noticed that lately more and more with change in direction.

Even though I was using the 4 hr time frame as my setup, and would have used the hourly as my trigger, as I zoomed in even closer (down to the 15 TF) there was a perfect 1-2-3 at that turn around level. I noticed this again on the GBPCAD pair. Seems to be pretty consistant.

--NM
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