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Trend Trading All Pairs

  • #4,661
  • Feb 25, 2010 3:10pm Feb 25, 2010 3:10pm
Quoting Custos
looks good to me. I think that will work out.
I took out some of my position at 1.4350 and moved to BE so now I will let it go....

--NM
  • #4,662
  • Feb 25, 2010 3:14pm Feb 25, 2010 3:14pm
Quoting NightMoves
Here where I entered, as shortly after the trend line was respected from the pullback I need to move my stop but at least i am going to score something I think....I am not the master at these...

--NM
Is that trendline off your H4? I've tried redrawing mine and I can't get it as close as yours. 1.4425 is about the best I could do. Which is why I was expecting price to go a bit higher.
  • #4,663
  • Feb 25, 2010 3:17pm Feb 25, 2010 3:17pm
Quoting PippyD
Is that trendline off your H4? I've tried redrawing mine and I can't get it as close as yours. 1.4425 is about the best I could do. Which is why I was expecting price to go a bit higher.
Yes I used the 4 hour TF to draw that...

--NM
  • #4,664
  • Feb 25, 2010 3:22pm Feb 25, 2010 3:22pm
Quoting NightMoves
Yes I am expecting it to turn around very soon, I am not sure how fast it will fall as this pair does not move much in a day but i do beleive we will be seeing a turn in the action very soon...

--NM
You weren't kidding about this pair moving slowly.

Looks like we are getting a nice pullback though.
  • #4,665
  • Feb 25, 2010 3:25pm Feb 25, 2010 3:25pm
Quoting PippyD
You weren't kidding about this pair moving slowly.

Looks like we are getting a nice pullback though.
I know, wild bars and they never really get any where...LOL

--NM
  • #4,666
  • Edited 3:36pm Feb 25, 2010 3:33pm | Edited 3:36pm
Quoting PippyD
You weren't kidding about this pair moving slowly.

Looks like we are getting a nice pullback though.
On the 4 hour chart it looks intact yet, but I think a break below that long wick on the red candle will take care of this pair for awhile...but then again who knows all you can do is react to it...
--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Possible collapse.png Size: 58 KB
  • #4,667
  • Feb 25, 2010 3:40pm Feb 25, 2010 3:40pm
Quoting NightMoves
On the 4 hour chart it looks intact yet, but I think a break below that long wick on the red candle will take care of this pair for awhile...but then again who knows all you can do is react to it...
--NM
yeah, I also think so. But I think money is more efficiently made (or lost) on other pairs. AUD/NZD is such a crappy pair. Too long wicks & very slow...
  • #4,668
  • Feb 25, 2010 3:40pm Feb 25, 2010 3:40pm
Quoting NightMoves
On the 4 hour chart it looks intact yet, but I think a break below that long wick on the red candle will take care of this pair for awhile...but then again who knows all you can do is react to it...
--NM
It's interesting that the candles look different on your chart.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD 2-25-2010 14-38-58.jpg Size: 82 KB
  • #4,669
  • Feb 25, 2010 3:43pm Feb 25, 2010 3:43pm
Quoting PippyD
It's interesting that the candles look different on your chart.
that's because of the different time-zones, but actually the shape of the candles doesn't matter so much, it's still the same price action & same information just "packaged" into different candles.
  • #4,670
  • Feb 25, 2010 3:44pm Feb 25, 2010 3:44pm
Quoting PippyD
It's interesting that the candles look different on your chart.
I think custos was right in that it depends on where your server is located...I can bring up mig and it is different than FXDD or FXCM...

--NM
  • #4,671
  • Feb 25, 2010 3:46pm Feb 25, 2010 3:46pm
Quoting Custos
yeah, I also think so. But I think money is more efficiently made (or lost) on other pairs. AUD/NZD is such a crappy pair. Too long wicks & very slow...
Yes this pair in one candle covers more ground than the all of the pass defenders in the NFL cover in a season...

--NM
  • #4,672
  • Feb 25, 2010 3:50pm Feb 25, 2010 3:50pm
Aud/Nzd should go down. A move below or close below 1.2817 should give it enough legs to go down at least 100 pips at least to 1.2700. I had a trade like this last year with this pair. It made me about 100 pips but it takes its sweet time to move. So if you can be patient it might be worth a try.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.gif Size: 29 KB
  • #4,673
  • Feb 25, 2010 3:50pm Feb 25, 2010 3:50pm
Quoting PippyD
It's interesting that the candles look different on your chart.
That chart I posted was actually a 1 hour not a 4 hour....sorry about that....

--NM
  • #4,674
  • Feb 25, 2010 3:50pm Feb 25, 2010 3:50pm
Quoting NightMoves
Yes this pair in one candle covers more ground than the all of the pass defenders in the NFL cover in a season...

--NM
haha, yeah that pair is very special, I rather watch paint dry than aud/nzd move up and down and up and down and up and down...
  • #4,675
  • Feb 25, 2010 3:51pm Feb 25, 2010 3:51pm
Quoting ferndog
Aud/Nzd should go down. A move below or close below 1.2817 should give it enough legs to go down at least 100 pips at least to 1.2700. I had a trade like this last year with this pair. It made me about 100 pips but it takes its sweet time to move. So if you can be patient it might be worth a try.
HI ferndog,
It is a slow mover it likes to run in place for extended periods of times...

--NM
  • #4,676
  • Feb 25, 2010 3:54pm Feb 25, 2010 3:54pm
Quoting Custos
haha, yeah that pair is very special, I rather watch paint dry than aud/nzd move up and down and up and down and up and down...
It kind of reminds of me of Forest Gump on a tread mill...Hahahahaa


--NM
  • #4,677
  • Edited 3:57pm Feb 25, 2010 3:54pm | Edited 3:57pm
Quoting NightMoves
I think custos was right in that it depends on where your server is located...I can bring up mig and it is different than FXDD or FXCM...

--NM
I'm sure that's it. I've never compared the two closely though.

I suppose it's only an issue if you trade the candlestick formations closely. You wouldn't want to be looking at a totally different pattern than everyone else.

Perhaps this is why Hector says the longer time frames respect the patterns better than the shorter. There would be fewer differences due to time discrepancies.

Or maybe it's just apples and oranges.
  • #4,678
  • Feb 25, 2010 3:57pm Feb 25, 2010 3:57pm
Quoting PippyD
I'm sure that's it. I've never compared the two closely though.

I suppose it's only an issue if you trade the candlestick formations closely. You wouldn't want to be looking at a totally different pattern than everyone else.

Perhaps this is why Hector says the longer time frames respect the patterns better than the shorter. There would be fewer differences due to time discrepancies.
I agree with that, the S/R levels hold much more weight on a longer time frame than they do on a shorter time frame, and the setups have a much better quality and trust to them...

--NM
  • #4,679
  • Feb 25, 2010 3:58pm Feb 25, 2010 3:58pm
Hello guys, I am new on this thread and I would like to learn the methods you are trading here, I really would like to know the basics of the methods used here..I have been triyng to trade swings and breakouts but still need some experience so i would like you to help me....thank you...
Get rich or die trading.
  • #4,680
  • Feb 25, 2010 4:00pm Feb 25, 2010 4:00pm
Quoting Magodelforex
Hello guys, I am new on this thread and I would like to learn the methods you are trading here, I really would like to know the basics of the methods used here..I have been triyng to trade swings and breakouts but still need some experience so i would like you to help me....thank you...
There are plenty of good traders in this thread that can guide you along, we all use pretty much the same method...with a few other techniques as well...

--NM
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