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Trend Trading All Pairs

  • #5,041
  • Mar 4, 2010 1:06pm Mar 4, 2010 1:06pm
I am looking at the 1 hour trigger chart on the GBPUSD and it is beginning to look like it is finally turning into something useful. What do you guys think?

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: 3-4-2010 GBPUSD Hourly.png Size: 41 KB
  • #5,042
  • Edited 1:15pm Mar 4, 2010 1:13pm | Edited 1:15pm
Quoting NightMoves
I am looking at the 1 hour trigger chart on the GBPUSD and it is beginning to look like it is finally turning into something useful. What do you guys think?

--NM
I've had my eye on this too. Is that enough of a pullback? Seems a bit weak.

I was waiting to see how it shapes up on the H4.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4 3-4-2010 12-14-30.jpg Size: 89 KB
  • #5,043
  • Mar 4, 2010 1:17pm Mar 4, 2010 1:17pm
can be a nice move up ...
Attached Image
  • #5,044
  • Mar 4, 2010 1:22pm Mar 4, 2010 1:22pm
Quoting NightMoves
I am looking at the 1 hour trigger chart on the GBPUSD and it is beginning to look like it is finally turning into something useful. What do you guys think?

--NM
on the h4 gbp/usd didn't bounce off any fib level. I would think that it still has to go to the 38.2% retracement before it will eventually move down.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h4 4.3.2010.gif Size: 28 KB
  • #5,045
  • Mar 4, 2010 1:43pm Mar 4, 2010 1:43pm
Quoting vasoiu
can be a nice move up ...
HI Vasoiu,
It may go up, but those kinds of trades are a little to risky for me to take, but I think it is going to retrace some.

--NM
  • #5,046
  • Mar 4, 2010 1:44pm Mar 4, 2010 1:44pm
Quoting Custos
on the h4 gbp/usd didn't bounce off any fib level. I would think that it still has to go to the 38.2% retracement before it will eventually move down.
Yeh I was thinking on the same lines, I am gong to pass on it...

--NM
  • #5,047
  • Mar 4, 2010 2:13pm Mar 4, 2010 2:13pm
Good afternoon

Nice thread NightMoves.

One I'm in right now...broke out of the sharp downtrend but still in an overall downtrend until we make higher highs (looking for a break & hold above 89.5). I'm scaled in (short) at 88.95 and again at 90.2, stops above 89.6

http://i24.photobucket.com/albums/c2...Forex/uj-4.jpg
  • #5,048
  • Mar 4, 2010 2:14pm Mar 4, 2010 2:14pm
Damn! make a mistake today, sell @ support CAD/CHF. AUD/JPY hit my TSL for 80 pips. Well, now I'm short it again near @ resistance.. anyone looking at this pair?
Attached Image (click to enlarge)
Click to Enlarge Name: Yunero_ Mar. 05, 2010_ 04.08.gif Size: 20 KB
Trend + S&R + RR =
  • #5,049
  • Mar 4, 2010 2:19pm Mar 4, 2010 2:19pm
Quoting yunero
Damn! make a mistake today, sell @ support CAD/CHF. AUD/JPY hit my TSL for 80 pips. Well, now I'm short it again near @ resistance.. anyone looking at this pair?
hm, I am just afraid that aud/jpy already bounced 2 times off that level. not sure if it will do that a third time. I am staying out, but hope it works out for you.
  • #5,050
  • Mar 4, 2010 3:11pm Mar 4, 2010 3:11pm
anyone watching GBPNZD 4H chart, down trending with nice retracement approaching 61.8 Fib levels, which corresponds with previous low and the trendline
any thoughts
not sure how to copy a chart from MT4 on to here!
  • #5,051
  • Mar 4, 2010 3:29pm Mar 4, 2010 3:29pm
Quoting sam0182
Good afternoon

Nice thread NightMoves.

One I'm in right now...broke out of the sharp downtrend but still in an overall downtrend until we make higher highs (looking for a break & hold above 89.5). I'm scaled in (short) at 88.95 and again at 90.2, stops above 89.6
Hi Sam,
Glad you like the thread, what bothers me with the USDJPY is we are so close to the weekly support level, I am not sure I trust that area right now.

--NM
  • #5,052
  • Mar 4, 2010 3:32pm Mar 4, 2010 3:32pm
I am just not seeing anything I like right now, not a darn thing looks good...

--NM
  • #5,053
  • Mar 4, 2010 3:44pm Mar 4, 2010 3:44pm
Quoting NightMoves
I am just not seeing anything I like right now, not a darn thing looks good...

--NM
Hopefully something will churn out in the Asain session ...more likely by london session.
  • #5,054
  • Mar 4, 2010 3:58pm Mar 4, 2010 3:58pm
Quoting Custos
Looks like it really reacted around that point. But PA was so fast so I did not enter.
Any reason you didnt go with the 1.3550 area? It has the 61% fib, the h4 trendline meets around there....
  • #5,055
  • Mar 4, 2010 4:01pm Mar 4, 2010 4:01pm
[quote=Paulette;3521115]
Quoting EntropyLad
Very simply, PIP DAWG told me.
He likes to dress up as a "suicide bomber vest wearer/forex trader". You dont believe me? Here is the proof:

EntropyLad - we should use this man to scare the LOB's into compliance!

hahaha. Please, ma'am, call me "entropy"....
  • #5,056
  • Mar 4, 2010 7:58pm Mar 4, 2010 7:58pm
Hi Guys.... just signing on. Big E
  • #5,057
  • Mar 4, 2010 9:28pm Mar 4, 2010 9:28pm
Quoting shahroor
anyone watching GBPNZD 4H chart, down trending with nice retracement approaching 61.8 Fib levels, which corresponds with previous low and the trendline
any thoughts
not sure how to copy a chart from MT4 on to here!
Just wakeup.. I think its good setup. I missed the touch trade. Hope its work for you.

Hey, you can right click on your MT4, select "Save As Picture", and attach the file to your post.

p/s: I'm using ScreenHunter, It's free!, I can work faster: press F6, select the area and you done.
You can get it here >> http://download.cnet.com/8301-2007_4-9866406-12.html
Attached Image (click to enlarge)
Click to Enlarge Name: Yunero_ Mar. 05, 2010_ 11.13.gif Size: 19 KB
Trend + S&R + RR =
  • #5,058
  • Mar 5, 2010 1:30am Mar 5, 2010 1:30am
Quoting EntropyLad
Any reason you didnt go with the 1.3550 area? It has the 61% fib, the h4 trendline meets around there....
Yeah, I saw that too. I still gotta look which levels price respects after a fast run. Right now I just stay on the sidelines when price is moving fast.
  • #5,059
  • Mar 5, 2010 2:05am Mar 5, 2010 2:05am
Almost everything is at a crawl in anticipation of dollar news in less than 6 hours.
guess its better off starting the weekend early for the 1st week of march
have fun
  • #5,060
  • Mar 5, 2010 6:09am Mar 5, 2010 6:09am
Anyone still holding EUR/AUD?

Any comment for USD/JPY? dare to short?? Looking good to short.. but red news is coming tonight.. so i dont take it.. it look same as AUD/JPY that i took last night stopped out @ BE.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Yunero_ Mar. 05, 2010_ 20.00.gif Size: 20 KB
Click to Enlarge Name: Yunero_ Mar. 05, 2010_ 20.03.gif Size: 20 KB
Trend + S&R + RR =
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