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Trend Trading All Pairs

  • #4,941
  • Mar 3, 2010 5:55am Mar 3, 2010 5:55am
and here is EUR/CAD.. i'm not take it, already involve in too many trades..
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Trend + S&R + RR =
  • #4,942
  • Mar 3, 2010 5:56am Mar 3, 2010 5:56am
Quoting Custos
eur/aud looks good to me, also shorting it in that area. gbp/nzd I don't have on my platform.
I have the GBPNZD but the spread is always so big on that pair so I never trade it. Right now I have a 16 pip spread on that.

--NM
  • #4,943
  • Mar 3, 2010 5:58am Mar 3, 2010 5:58am
Quoting NightMoves
I have the GBPNZD but the spread is always so big on that pair so I never trade it. Right now I have a 16 pip spread on that.

--NM
wow, yeah, I think there are definitely better pairs out there than the gbp/nzd.
  • #4,944
  • Mar 3, 2010 6:01am Mar 3, 2010 6:01am
Quoting yunero
and here is EUR/CAD.. i'm not take it, already involve in too many trades..
I don't know, for eur/cad I would like to see a retracement back to 61.8% fib. Looks like a good area to me.
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  • #4,945
  • Mar 3, 2010 6:22am Mar 3, 2010 6:22am
Quoting NightMoves
The EURAUD is in a good spot, I do not think anything is going to go anywhere until after the news releases this morning.

--NM
I also like EUR/AUD... Will see how it develops...
  • #4,946
  • Mar 3, 2010 6:25am Mar 3, 2010 6:25am
Quoting Custos
I don't know, for eur/cad I would like to see a retracement back to 61.8% fib. Looks like a good area to me.
That is what I am looking at too, I think some of these trends are getting too steep, we need some retracement on a few of these imo.

--NM
  • #4,947
  • Mar 3, 2010 6:50am Mar 3, 2010 6:50am
I would like to see the GBPUSD retrace to around the 1.5150 or the 1.5175 area too it is pretty steep at the moment...

--NM
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  • #4,948
  • Edited 7:26am Mar 3, 2010 6:57am | Edited 7:26am
Quoting NightMoves
That is what I am looking at too, I think some of these trends are getting too steep, we need some retracement on a few of these imo.

--NM

I agree, I am looking for stronger retracements on most. There are a few that is starting to show retracements on the Day TF. There could also be a press sentiment change on the EURO - which would change the whole outlook.

EDIT: also, EUR/USD now sitting at 61% Fib
  • #4,949
  • Mar 3, 2010 7:01am Mar 3, 2010 7:01am
Quoting Paulette
I agree, I am looking for stronger retracements on most. There are a few that is starting to show retracements on the Day TF. There could also be a press sentiment change on the EURO - which would change the whole outlook.
I agree I would not be suprised to the EU pull back to the 1.400/1.4050 levels it looks like there is some indecision right now it has been going sideways on the daily chart, could be a turn is in the making.
--NM
  • #4,950
  • Mar 3, 2010 7:10am Mar 3, 2010 7:10am
Here is the EU daily we might see this retrace back to the 1.4200 area it has been a pretty steep decline for awhile.

--NM
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Click to Enlarge Name: daily retracement.png Size: 30 KB
  • #4,951
  • Mar 3, 2010 8:52am Mar 3, 2010 8:52am
The AUDNZD sure took a nice walk today...

--NM
  • #4,952
  • Mar 3, 2010 9:04am Mar 3, 2010 9:04am
Quoting NightMoves
The AUDNZD sure took a nice walk today...

--NM
Indeed, that walk started yesterday already - oh well cant get them all...

EDIT: just to add some humor to why I will never get this as long as I trade with my current broker: spread 20...
  • #4,953
  • Mar 3, 2010 9:11am Mar 3, 2010 9:11am
Quoting Paulette
Indeed, that walk started yesterday already - oh well cant get them all...

EDIT: just to add some humor to why I will never get this as long as I trade with my current broker: spread 20...
WOW 20 pips, I am 6 pips on that, some of the NZD crosses get kind of high for me too...

--NM
  • #4,954
  • Mar 3, 2010 10:37am Mar 3, 2010 10:37am
I got revenge on the USDCHF pair, I just took 24 pips from it...I wonder how it likes that??

I'll teach it to mess with me....

--NM
  • #4,955
  • Mar 3, 2010 10:46am Mar 3, 2010 10:46am
Quoting NightMoves
I got revenge on the USDCHF pair, I just took 24 pips from it...I wonder how it likes that??

I'll teach it to mess with me....

--NM
I took a short based on the H1 BPC last night and got stopped out. Today it makes a nice BPC on the H4 that I missed. Grrrrrr...
  • #4,956
  • Mar 3, 2010 10:51am Mar 3, 2010 10:51am
Quoting PippyD
I took a short based on the H1 BPC last night and got stopped out. Today it makes a nice BPC on the H4 that I missed. Grrrrrr...
I was waiting for a clean break of the 1.0700 level, I am hoping this will drop aways I am going to target 180 pips or so...down to the 1.0500 level.

--NM
  • #4,957
  • Mar 3, 2010 11:25am Mar 3, 2010 11:25am
Quoting PippyD
I took a short based on the H1 BPC last night and got stopped out. Today it makes a nice BPC on the H4 that I missed. Grrrrrr...
You mean the TC bpc? why not EUR/USD instead?

Sorry, i dont like anything CHF. I think they are tolerable if short CHF...but long CHF i am jittery off - SNB intervention.
  • #4,958
  • Mar 3, 2010 11:40am Mar 3, 2010 11:40am
Quoting EntropyLad
You mean the TC bpc? why not EUR/USD instead?

Sorry, i dont like anything CHF. I think they are tolerable if short CHF...but long CHF i am jittery off - SNB intervention.
The only reason I took this was because it stopped me out last week at BE, so I had a grudge against it....Hahahaha...

--NM
  • #4,959
  • Mar 3, 2010 11:54am Mar 3, 2010 11:54am
Quoting NightMoves
That is what I am looking at too, I think some of these trends are getting too steep, we need some retracement on a few of these imo.

--NM
I concur. It is about high time for retracement...they've run too long. Looking for break of H4 and DAILY trendlines on some of these pairs/crosses.
That should produce a bounty of TC trades, LOBs, polygonal breakouts...and later of course, swing trades.
  • #4,960
  • Mar 3, 2010 1:23pm Mar 3, 2010 1:23pm
Quoting EntropyLad
You mean the TC bpc? why not EUR/USD instead?

Sorry, i dont like anything CHF. I think they are tolerable if short CHF...but long CHF i am jittery off - SNB intervention.
It was a demo trade and I wanted to see if it was as bad as everyone says.

"Re"learned a bunch of things.

1. Wait to hit the next round number on the continuation. This would have kept me out of a bad trade.

2. "Re"read Entropy's rules on when during the day to take certain types of trades. This pair is pokey during the Asian session.

3. The long-term chart is your second best friend behind the trend.

4. Patience, patience, patience.

This is going to sound funny but I actually did OK on this trade from a technique perspective. I'm making fewer and fewer mistakes. And if it wasn't for one candle that ran way up and caught my stop I actually would have been positive right now.
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