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Trend Trading All Pairs

  • #4,881
  • Mar 1, 2010 3:17pm Mar 1, 2010 3:17pm
Here are the few primers on trend collapse trade or TC trade:

What is a TC?
http://www.forexfactory.com/showpost...postcount=2421

Minimum time frame for drawing TC:
http://www.forexfactory.com/showpost...postcount=2431

Fundamentals + TC:
http://www.forexfactory.com/showpost...postcount=2459
http://www.forexfactory.com/showpost...postcount=2432

Some thoughts on PROFIT TARGET with regards to TC:
http://www.forexfactory.com/showpost...postcount=2423

Other examples of TC:
http://www.forexfactory.com/showpost...postcount=2418



Quoting PippyD
NM,

When you are trading a trend collapse are your TP rules any different?...
  • #4,882
  • Mar 1, 2010 3:28pm Mar 1, 2010 3:28pm
Entropy,
For the trade entry based on 123 formation .... does this formation needs to occur near/at a former support / resistance level.

In case of EURAUD it doesnt appear to be near a strong resitance level...can you post your chart with some comments on foramtion and entry.

Thanks
  • #4,883
  • Mar 1, 2010 4:15pm Mar 1, 2010 4:15pm
Quoting MktScape
Entropy,
For the trade entry based on 123 formation .... does this formation needs to occur near/at a former support / resistance level.

In case of EURAUD it doesnt appear to be near a strong resitance level...can you post your chart with some comments on foramtion and entry.

Thanks
I have attached the chart below, it is a H4/H1 setup. On 1, 2, 3 formation.....I dont just take a 1, 2,3 formation...i like the 1, 2, 3 formation to be followed by a BPC that solidly failed to breach the inner trendline. That is my default mode. If i dont see anything that looks like a solid bpc after the 1, 2, 3 formation, i do have the tendency to keep making the trendline more and more conservative until i get a bpc or i have to scrap the trade because the R/R isnt worth it.

i have noticed that if you have a BPC after the 1, 2, 3,and the BPC failed while retesting the trendline, the subsequent move down tends to be strong and violent....sometimes, the 1, 2,3 is also the BPC.

Anyways, i have attached the EUR/AUD chart below.

H4 SETUP CHART

http://www.forexfactory.com/attachme...1&d=1267481648

H1 TRIGGER CHART

http://www.forexfactory.com/attachme...1&d=1267481648
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraud h4 setup chart.gif Size: 37 KB
Click to Enlarge Name: euraud h1 trigger chart.gif Size: 50 KB
  • #4,884
  • Mar 1, 2010 4:37pm Mar 1, 2010 4:37pm
Great explanation ...thanks for your efforts Entropy .

Quoting EntropyLad
I have attached the chart below, it is a H4/H1 setup. On 1, 2, 3 formation.....I dont just take a 1, 2,3 formation...i like the 1, 2, 3 formation to be followed by a BPC that solidly failed to breach the inner trendline. That is my default mode. If i dont see anything that looks like a solid bpc after the 1, 2, 3 formation, i do have the tendency to keep making the trendline more and more conservative until i get a bpc or i have to scrap the trade because the R/R isnt worth it.

i have noticed that if you have a BPC after the 1, 2, 3,and the BPC...
  • #4,885
  • Mar 1, 2010 4:43pm Mar 1, 2010 4:43pm
Quoting MktScape
Entropy,
For the trade entry based on 123 formation .... does this formation needs to occur near/at a former support / resistance level.

In case of EURAUD it doesnt appear to be near a strong resitance level...can you post your chart with some comments on foramtion and entry.

Thanks

In continuation of what i was talking about here:
http://www.forexfactory.com/showpost...postcount=4883

I have attached two more charts to clearly illustrate my point.

addendum: Look at the best, the fasted runners of hector setup you've seen that are not( lob or "blend the news" or trendlin collapse), you will see that they have a solid combination of 1, 2,3 followed by a BPC that failed at the retest of the inner trendline.

GBP/JPY

http://www.forexfactory.com/attachme...1&d=1267483340


NZD/CAD


http://www.forexfactory.com/attachme...1&d=1267483340
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdcad d1h4.gif Size: 51 KB
Click to Enlarge Name: gbpjpy dailyh4.gif Size: 37 KB
  • #4,886
  • Mar 1, 2010 5:44pm Mar 1, 2010 5:44pm
I think this might be NightMove's office to match his bathroom. No creepy guy here though.

http://lifehacker.com/5481921/the-da...8Lifehacker%29
  • #4,887
  • Mar 1, 2010 5:59pm Mar 1, 2010 5:59pm
Quoting EntropyLad
I have attached the chart below, it is a H4/H1 setup. On 1, 2, 3 formation.....I dont just take a 1, 2,3 formation...i like the 1, 2, 3 formation to be followed by a BPC that solidly failed to breach the inner trendline. That is my default mode. If i dont see anything that looks like a solid bpc after the 1, 2, 3 formation, i do have the tendency to keep making the trendline more and more conservative until i get a bpc or i have to scrap the trade because the R/R isnt worth it.

i have noticed that if you have a BPC after the 1, 2, 3,and the BPC...
It's interesting that you move your trendlines. I know Hector says they are dynamic but I've been hesitant to fiddle with mine as it felt like I was trying to make the answer fit the data. Seeing what I wanted to see in other words. At least on the H1 and below.

Perhaps I need to be a bit more flexible and adapt as the market changes.

Good examples Entropy. Thanks.
  • #4,888
  • Edited 6:21pm Mar 1, 2010 6:03pm | Edited 6:21pm
Quoting PippyD
It's interesting that you move your trendlines. I know Hector says they are dynamic but I've been hesitant to fiddle with mine as it felt like I was trying to make the answer fit the data. Seeing what I wanted to see in other words. At least on the H1 and below.

Perhaps I need to be a bit more flexible and adapt as the market changes.

Good examples Entropy. Thanks.

Maybe i wasnt very clear...i moved the TRENDLINE to be MORE CONSERVATIVE. It still needs a minimum of two touches. Shifting the trendline to the LEFT is being more aggressive, shifting the trendline to the RIGHT is being more conservative. I moved them to the right. I always look to move them to the right, more and more, until i have a solid BPC after the 1,2, 3. Using a minimum of the two, outer most two touches.

If you look in this hector video...you can see the two inner trendline...and how he shifted to the outer inner trendline and talked about a one bar pullback,...the bpc came after a clear 1, 2, 3 formation. That is my point:
Inserted Video
  • #4,889
  • Mar 1, 2010 6:41pm Mar 1, 2010 6:41pm
Quoting PippyD
I think this might be NightMove's office to match his bathroom. No creepy guy here though.

http://lifehacker.com/5481921/the-da...8Lifehacker%29

you have to make money with that setup. It would be criminal not to...
If you think you can or cannot do it you are correct
  • #4,890
  • Mar 1, 2010 7:07pm Mar 1, 2010 7:07pm
Quoting Olu
you have to make money with that setup. It would be criminal not to...
Now that is a trading setup....puts my 3 monitors to shame......I gotta get me one of those....

--NM
  • #4,891
  • Mar 1, 2010 7:20pm Mar 1, 2010 7:20pm
Quoting PippyD
I think this might be NightMove's office to match his bathroom. No creepy guy here though.

http://lifehacker.com/5481921/the-da...8Lifehacker%29
Holy .... that setup is excessive IMO ... I think even the instituaional trader would not have that many monitors
  • #4,892
  • Mar 1, 2010 7:21pm Mar 1, 2010 7:21pm
Quoting Olu
you have to make money with that setup. It would be criminal not to...
Looks like the first 8 monitors are the same chart only they are spread across 8 monitors...

--NM
  • #4,893
  • Mar 1, 2010 7:35pm Mar 1, 2010 7:35pm
I think a guy might get sunburn sitting in front of all those monitors for any length of time...I guess if a guy had a bad losing streak you could always turn it into a tanning salon...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Trading setup.png Size: 852 KB
  • #4,894
  • Mar 1, 2010 7:57pm Mar 1, 2010 7:57pm
Quoting NightMoves
I think a guy might get sunburn sitting in front of all those monitors for any length of time...I guess if a guy had a bad losing streak you could always turn it into a tanning salon...

--NM
True ... with all that multi color radiation coming out of those monitors that trader can run a side business of tanning salon and make some bucks from there as well ....crazy stuff

BTW ...those charts look cluttered (with all sort of indicators) so is the workspace. This guy appears to have the famous disease of traders i.e Indicatoritus.
  • #4,895
  • Mar 1, 2010 8:03pm Mar 1, 2010 8:03pm
Quoting MktScape
True ... with all that multi color radiation coming out of those monitors that trader can run a side business of tanning salon and make some bucks from there as well ....crazy stuff

BTW ...those charts look cluttered (with all sort of indicators) so is the workspace. This guy appears to have the famous disease of traders i.e Indicatoritus.
I think your right, I am sure he gets analysis paralysis flareups once in a while...

--NM
  • #4,896
  • Mar 1, 2010 8:05pm Mar 1, 2010 8:05pm
A tanning salon. Too funny!

I've seen bank trading rooms that didn't have that much equipment. Three guys could work in that office and it would still be overkill.
  • #4,897
  • Mar 1, 2010 8:12pm Mar 1, 2010 8:12pm
Quoting EntropyLad
Maybe i wasnt very clear...i moved the TRENDLINE to be MORE CONSERVATIVE. It still needs a minimum of two touches. Shifting the trendline to the LEFT is being more aggressive, shifting the trendline to the RIGHT is being more conservative. I moved them to the right. I always look to move them to the right, more and more, until i have a solid BPC after the 1,2, 3. Using a minimum of the two, outer most two touches.

If you look in this hector video...you can see the two inner trendline...and how he shifted to the outer inner trendline and...
Your explanation was quite good. And thank you for the follow-up.

It's interesting to see the older videos. I haven't seen anywhere in the new course where he uses moving averages. Maybe in the intraday section as I haven't gone through that yet. And (gasp!) he refers to them as "dynamic resistance" in that video.
  • #4,898
  • Mar 1, 2010 8:50pm Mar 1, 2010 8:50pm
Anyone has this on their watchlist ...

Daily trend is down ...price at a historial resistance along with RN + 50% Fib...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY-H4.PNG Size: 63 KB
  • #4,899
  • Mar 1, 2010 8:56pm Mar 1, 2010 8:56pm
Quoting MktScape
Anyone has this on their watchlist ...

Daily trend is down ...price at a historial resistance along with RN + 50% Fib...
Hmmm, that is on my list now, that might have a good chance...thanks for the heads up.

--NM
  • #4,900
  • Mar 1, 2010 9:24pm Mar 1, 2010 9:24pm
I am kind of wondering if maybe the EURAUD is going to break and go for another run seems to be gettting into a range...I would think osme retracement is due, but the GBPUSD never retraced either...

--NM
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