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Trend Trading All Pairs

  • #4,521
  • Feb 23, 2010 9:38pm Feb 23, 2010 9:38pm
Quoting yunero
Hi NM,

I wont dare to short this pair.. the price is already break my H4 trendline..

Good luck!
I drew the trendline from the point where the trend started not at the initial drop, because that drop was so steep, so I drew it across the first second and third largest pullbacks...but we will see, I use the fibs from the top but I usually draw my trend lines from the point where it gets organized...but then again its an arbitrary thing anyway every one draws them just a little different...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD4hr trendline.png Size: 41 KB
  • #4,522
  • Feb 23, 2010 9:47pm Feb 23, 2010 9:47pm
Quoting NightMoves
I drew the trendline from the point where the trend started not at the initial drop, because that drop was so steep, so I drew it across the first second and third largest pullbacks...but we will see, I use the fibs from the top but I usually draw my trend lines from the point where it gets organized...but then again its an arbitrary thing anyway every one draws them just a little different...

--NM
Yeah, drawing trendline is very subjective sometimes and people looking at different perspective..
Trend + S&R + RR =
  • #4,523
  • Feb 23, 2010 9:52pm Feb 23, 2010 9:52pm
Quoting yunero
Yeah, drawing trendline is very subjective sometimes and people looking at different perspective..
Yeh thats why you will see inside trend lines outside trendlines and everything in between, as long as you have good S/R levels near the trend line then you just wait and see what price does there, we have a few good things in place right there, we just need the PA to do the right thing now.--NM
  • #4,524
  • Feb 23, 2010 9:59pm Feb 23, 2010 9:59pm
Quoting NightMoves
Yeh thats why you will see inside trend lines outside trendlines and everything in between, as long as you have good S/R levels near the trend line then you just wait and see what price does there, we have a few good things in place right there, we just need the PA to do the right thing now.--NM
Drawing a Trendline is like poll taking ... the more number of touches the better it is ....BTW ....I dont have GBP/CAD on Alpari U.S....i subscribed to MIG demo but received no confirmation emal ....i guess i would have to do it again.....

NM, i read earlier that you use trading station platform , which broker offers it?

Yunero, which broker you are using?
  • #4,525
  • Feb 23, 2010 10:00pm Feb 23, 2010 10:00pm
Quoting yunero
Yeah, drawing trendline is very subjective sometimes and people looking at different perspective..
Heres a good example, I drew this trend line the same way this is the EU 4 hour chart.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr trend line.png Size: 35 KB
  • #4,526
  • Feb 23, 2010 10:06pm Feb 23, 2010 10:06pm
This pair is in sideways consolidation ....i think getting ready for a LOB..anyone else stalking it?
  • #4,527
  • Feb 23, 2010 10:06pm Feb 23, 2010 10:06pm
Quoting MktScape
Drawing a Trendline is like poll taking ... the more number of touches the better it is ....BTW ....I dont have GBP/CAD on Alpari U.S....i subscribed to MIG demo but received no confirmation emal ....i guess i would have to do it again.....

NM, i read earlier that you use trading station platform , which broker offers it?

Yunero, which broker you are using?
You should have a minumum of 3 touches but yes the more the better, but you can draw trend lines at every burp in the action if you wanted too...LOL

I use FXCM been with them for a long time.....

--NM
  • #4,528
  • Feb 23, 2010 10:08pm Feb 23, 2010 10:08pm
Quoting MktScape
This pair is in sideways consolidation ....i think getting ready for a LOB..anyone else stalking it?
I think your right, I have a JPY trade still open so I cant take that trade, or the GBPCAD for that matter because I have trade open in CAD too...

--NM
  • #4,529
  • Feb 23, 2010 10:11pm Feb 23, 2010 10:11pm
Quoting NightMoves
I think your right, I have a JPY trade still open so I cant take that trade, or the GBPCAD for that matter because I have trade open in CAD too...

--NM
I am sitting around 135 pips each on both of my open trades right now, the EU and the CADJPY so if I trade another it has to be something without any of those currencies in it...

--NM
  • #4,530
  • Feb 23, 2010 10:29pm Feb 23, 2010 10:29pm
Quoting MktScape
This pair is in sideways consolidation ....i think getting ready for a LOB..anyone else stalking it?


By far, the best pairs are the GBP-crosses such as GBPUSD, GBPJPY, GBPAUD, GBPCAD, GBPNZD, and GBPCHF (all of them with over 120 pips/day on average). In second place come the EUR-crosses, especially EURJPY, EURNZD, EURCAD and EURAUD (all of them with over 100 pips/day on average). I personally avoid EURUSD, EURCHF and EURGBP because they just don't have the punch. Finally, USDCHF may also be suitable for the L.O.B. strategy.

Anyway these are the pairs that I would look to trade for the LOB method. These seem to have the best moves during that first hour or two of the london session.

--NM
  • #4,531
  • Feb 23, 2010 10:53pm Feb 23, 2010 10:53pm
Quoting MktScape
Drawing a Trendline is like poll taking ... the more number of touches the better it is ....BTW ....I dont have GBP/CAD on Alpari U.S....i subscribed to MIG demo but received no confirmation emal ....i guess i would have to do it again.....

NM, i read earlier that you use trading station platform , which broker offers it?

Yunero, which broker you are using?
My main acc is @ Oanda.. but I'm also have small acc on Instafx since they have a server on singapore, i can get fast execution. Make my analysis on Instafx MT4.. i'm still searching for a better broker which have MT4 platform & small spread.. i hate to trading on different broker/platform .. any suggestion?
Trend + S&R + RR =
  • #4,532
  • Feb 23, 2010 11:01pm Feb 23, 2010 11:01pm
Quoting NightMoves
Heres a good example, I drew this trend line the same way this is the EU 4 hour chart.

--NM
Yes, i see your point.. I drew my EU the same way you do..

http://www.forexfactory.com/showpost...postcount=4412
http://www.forexfactory.com/showpost...postcount=4456
Trend + S&R + RR =
  • #4,533
  • Feb 23, 2010 11:03pm Feb 23, 2010 11:03pm
Quoting yunero
Yes, i see your point.. I drew my EU the same way you do..

http://www.forexfactory.com/showpost...postcount=4412
http://www.forexfactory.com/showpost...postcount=4456
Thats because great minds think the same...

--NM
  • #4,534
  • Feb 23, 2010 11:13pm Feb 23, 2010 11:13pm
Thanks NM, i'll watch these pairs closely. i would take a nap andhopefully see you guys in London session.

Quoting NightMoves
By far, the best pairs are the GBP-crosses such as GBPUSD, GBPJPY, GBPAUD, GBPCAD, GBPNZD, and GBPCHF (all of them with over 120 pips/day on average). In second place come the EUR-crosses, especially EURJPY, EURNZD, EURCAD and EURAUD (all of them with over 100 pips/day on average). I personally avoid EURUSD, EURCHF and EURGBP because they just don't have the punch. Finally, USDCHF may also be suitable for the L.O.B. strategy.

[font=Arial][size=2][font=Verdana]Anyway...
  • #4,535
  • Feb 23, 2010 11:15pm Feb 23, 2010 11:15pm
Have you thought about MIG or FXCM ...does it suit ur needs in singapore

Quoting yunero
My main acc is @ Oanda.. but I'm also have small acc on Instafx since they have a server on singapore, i can get fast execution. Make my analysis on Instafx MT4.. i'm still searching for a better broker which have MT4 platform & small spread.. i hate to trading on different broker/platform .. any suggestion?
  • #4,536
  • Feb 23, 2010 11:15pm Feb 23, 2010 11:15pm
Quoting MktScape
Thanks NM, i'll watch these pairs closely. i would take a nap andhopefully see you guys in London session.
I am going to do the same thing, for a couple of hours then get up and see if there is anything we can get into...

--NM
  • #4,537
  • Feb 23, 2010 11:16pm Feb 23, 2010 11:16pm
Looked like ducks were in a line. Into the GBP/CAD trade short at 1.6269.
  • #4,538
  • Feb 23, 2010 11:26pm Feb 23, 2010 11:26pm
Quoting MktScape
Have you thought about MIG or FXCM ...does it suit ur needs in singapore
Thanks i'll take that on my check list..

FYI i'm from Malaysia, Singapore is the nearest country that has fx server i can get.. but i dont mind about where the server is..it just an option for me..
Trend + S&R + RR =
  • #4,539
  • Feb 23, 2010 11:31pm Feb 23, 2010 11:31pm
I cant shoot the ducks ...as i dont have this pair ...will switch broker soon t have all the crosses
Quoting PippyD
Looked like ducks were in a line. Into the GBP/CAD trade short at 1.6269.
  • #4,540
  • Feb 23, 2010 11:45pm Feb 23, 2010 11:45pm
Hi ALL ,

is there any alerts that can send sms to phone when trendline breaks ?
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