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Trend Trading All Pairs

  • #4,721
  • Feb 26, 2010 3:07am Feb 26, 2010 3:07am
Quoting yunero
Good eyes NM

We are getting close.. still waiting for breakout
Hey Yunero,
Are you looking to enter at the BPC of the nearest RN or BPC of the TL.
  • #4,722
  • Feb 26, 2010 3:24am Feb 26, 2010 3:24am
Quoting MktScape
Hey Yunero,
Are you looking to enter at the BPC of the nearest RN or BPC of the TL.
I'm looking to enter at the BPC of the nearest TL.. same with EURUSD that has double bottom already
Attached Image (click to enlarge)
Click to Enlarge Name: Yunero_ Feb. 26, 2010__04.gif Size: 18 KB
Trend + S&R + RR =
  • #4,723
  • Feb 26, 2010 3:29am Feb 26, 2010 3:29am
Quoting yunero
I'm looking to enter at the BPC of the nearest TL.. same with EURUSD that has double bottom already
Okay ..since there was a RN very near the TL ...which will cause price to react ...and potentially take out the SL....thanks for the reply ... see you later

I am out to catch some sleep ...gotta go to office tomorrow
  • #4,724
  • Feb 26, 2010 8:09am Feb 26, 2010 8:09am
Dont look like these markets are going to move much until after the US existing Home sales data comes out...in about 45 minutes or so...

--NM
  • #4,725
  • Feb 26, 2010 8:30am Feb 26, 2010 8:30am
Quoting Paulette
Hi NM & Co

interesting indeed - Weekly chart is now showing 2 consecutive doji's, ranging within 250pips for 3 weeks, considering the retest of the support at 1.06390/ 1.06400 as a false break, ranging 4-5 weeks then...

Will indeed be interesting to see what they plan next and where they will "inter-spike" (thinking back at eur/chf earlier this year).
That pair is up to something, it was bouncing off the trend line and the 30 MA quite nicely for a while then it started digging deeper into the trend and began bouncing off the 50 MA and now it is digging even deeper and playing with that 100 MA when looking at the 4 hr chart...

--NM
  • #4,726
  • Feb 26, 2010 8:58am Feb 26, 2010 8:58am
Quoting NightMoves
Dont look like these markets are going to move much until after the US existing Home sales data comes out...in about 45 minutes or so...

--NM
It was quite slow since yesterday afternoon ...i think due to the barrage of news which was coming yesterday and today. I closed the AudNzd trade which was initiated yesterday for a loss, it was going no where for a longest time and then hit the SL.I think it will start moving down again later.
  • #4,727
  • Feb 26, 2010 9:00am Feb 26, 2010 9:00am
Quoting MktScape
It was quite slow since yesterday afternoon ...i think due to the barrage of news which was coming yesterday and today. I closed the AudNzd trade which was initiated yesterday for a loss, it was going no where for a longest time and then hit the SL.I think it will start moving down again later.
You took the AUDNZD trade? were looking for a collapse or were you long?

--NM
  • #4,728
  • Feb 26, 2010 9:22am Feb 26, 2010 9:22am
Quoting NightMoves
You took the AUDNZD trade? were looking for a collapse or were you long?

--NM
Short ... I entered after the retest of 1.28500 RN but there was not momentum at all... I closed the FL a bit lower than the previous swing low and got stopped out this morning.
  • #4,729
  • Feb 26, 2010 9:28am Feb 26, 2010 9:28am
Quoting MktScape
Short ... I entered after the retest of 1.28500 RN but there was not momentum at all... I closed the FL a bit lower than the previous swing low and got stopped out this morning.
Thats a tough pair to trade...the wicks are so long stops have to be really wide especially for the small amount of distance it covers in a day...

--NM
  • #4,730
  • Feb 26, 2010 9:31am Feb 26, 2010 9:31am
Quoting NightMoves
Thats a tough pair to trade...the wicks are so long stops have to be really wide especially for the small amount of distance it covers in a day...

--NM
'Thats indeed a realy slow moving pair ...it that how it generally is? I am making some notes on my Entry Exit Charts for future reference
  • #4,731
  • Feb 26, 2010 9:39am Feb 26, 2010 9:39am
Quoting NightMoves
That pair is up to something, it was bouncing off the trend line and the 30 MA quite nicely for a while then it started digging deeper into the trend and began bouncing off the 50 MA and now it is digging even deeper and playing with that 100 MA when looking at the 4 hr chart...

--NM
Is that a trend collapse in the making
  • #4,732
  • Feb 26, 2010 9:49am Feb 26, 2010 9:49am
Quoting MktScape
'Thats indeed a realy slow moving pair ...it that how it generally is? I am making some notes on my Entry Exit Charts for future reference
Yes that pair is always like that.

--NM
  • #4,733
  • Feb 26, 2010 9:53am Feb 26, 2010 9:53am
Quoting Paulette
Is that a trend collapse in the making
It appears to be but a really momentumless one at the moment...

--NM
  • #4,734
  • Feb 26, 2010 9:57am Feb 26, 2010 9:57am
This USDCHF is very reluctant to go any direction the way it seems...

--NM
  • #4,735
  • Feb 26, 2010 9:58am Feb 26, 2010 9:58am
Quoting NightMoves
Yes that pair is always like that.
--NM
Hmmm.... I'll make a note and be careful with it or wont place a trade at all ... we got other faster moving pairs
  • #4,736
  • Feb 26, 2010 10:01am Feb 26, 2010 10:01am
Quoting MktScape
Hmmm.... I'll make a note and be careful with it or wont place a trade at all ... we got other faster moving pairs
Exactly, like Custos had said there are easier pairs to trade than that one..

--NM
  • #4,737
  • Feb 26, 2010 10:05am Feb 26, 2010 10:05am
I expected this USDCHF to fall off over the edge of the cliff but it is hanging on pretty good. it must have some really long arms...

--NM
  • #4,738
  • Feb 26, 2010 10:10am Feb 26, 2010 10:10am
Quoting NightMoves
I expected this USDCHF to fall off over the edge of the cliff but it is hanging on pretty good. it must have some really long arms...

--NM
It will be interesting to see what this pullback looks like. The trouble is at this rate it will be the end of the week before it develops.
  • #4,739
  • Feb 26, 2010 10:17am Feb 26, 2010 10:17am
Quoting PippyD
It will be interesting to see what this pullback looks like. The trouble is at this rate it will be the end of the week before it develops.
I am using the 4 hour chart as the setup and 1 hour as the trigger and I am in already, but it may be like the last one, I had to enter that one twice to get it right...

--NM
Attached Image (click to enlarge)
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  • #4,740
  • Feb 26, 2010 10:21am Feb 26, 2010 10:21am
Quoting NightMoves
Exactly, like Custos had said there are easier pairs to trade than that one..

--NM
This weekend I'll mark the slow moving pairs so that I dont waste time withit ....here is what i found about some slow and fast moving pairs:

Slow moving pairs include the NZD/USD, AUD/NZD, EUR/GBP and CHF/JPY. The next group moves a little faster like the AUD/USD, EUR/CHF, AUD/JPY, AUD/CAD, NZD/JPY.
Intermediate volatility pairs include the EUR/USD, USD/CHF, USD/JPY, EUR/JPY and USD/CAD.
High to very high volatility pairs include the GBP/AUD, GBP/CAD, GBP/USD, GBP/CHF, GBP/JPY, EUR/AUD, CAD/JPY, and EUR/CAD.
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