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Trend Trading All Pairs

  • #5,161
  • Mar 8, 2010 8:37pm Mar 8, 2010 8:37pm
Quoting NightMoves
Now its just going to sit there until the London session opens...

--NM
Looks like maybe the Asian lunch break is over, time to get back to work...

--NM
  • #5,162
  • Mar 8, 2010 8:43pm Mar 8, 2010 8:43pm
Quoting NightMoves
Looks like maybe the Asian lunch break is over, time to get back to work...

--NM
Well it moved a little...LOL

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Fib Management2.png Size: 48 KB
  • #5,163
  • Mar 8, 2010 8:43pm Mar 8, 2010 8:43pm
Quoting NightMoves
Now its just going to sit there until the London session opens...

--NM
good probability for your risk free final run
  • #5,164
  • Mar 8, 2010 8:44pm Mar 8, 2010 8:44pm
Quoting NightMoves
Looking at the 15 min trigger chart of the GBPJPY I have shaded the BPC of the trend line, as you can see there were a couple of false breakouts previous to the actual BPC, waiting for the BPC will keep you out of the majority of those false breakouts.

The 1-2-3 formation looks the same however it does not have to break a trend line or S/R to be valid sometimes it will form right at a horizontal S/R line and never break it.

--NM
I just want to share how I trade BPC, well at least how it makes life easier for me to trade BPC, thru EMA 4 and 5 cross.

Personally I would have taken the first big red arrow on the left. NightMoves trigger would be the arrow on the right. I tried to copy your trendline the best I can, hope it is the same.

It helps me since i cannot look at the chart as often so when my alarm goes off I see if trendline is broken, look for a pull back after arrow then enter the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_08 Mar. 09 12.32.jpg Size: 56 KB
  • #5,165
  • Mar 8, 2010 8:45pm Mar 8, 2010 8:45pm
Quoting NightMoves
Well it moved a little...LOL

--NM
still in the middle of the lunch break now for GMT +8
patience are almost always rewarded
  • #5,166
  • Mar 8, 2010 8:48pm Mar 8, 2010 8:48pm
Quoting A 5
still in the middle of the lunch break now for GMT +8
patience are almost always rewarded
Ah I'm in Singapore too.. Going out for lunch now so I can be ready for LOB. Can;t think with empty stomach.
  • #5,167
  • Mar 8, 2010 8:50pm Mar 8, 2010 8:50pm
Quoting hytten
I just want to share how I trade BPC, well at least how it makes life easier for me to trade BPC, thru EMA 4 and 5 cross.

Personally I would have taken the first big red arrow on the left. NightMoves trigger would be the arrow on the right. I tried to copy your trendline the best I can, hope it is the same.

It helps me since i cannot look at the chart as often so when my alarm goes off I see if trendline is broken, look for a pull back after arrow then enter the trade.
Everyone has a different way of finding the sweet spot, but like I said before I feel more comfortable knowing that I got a retest of the trend line and it held, so many times the restest has not held and price continued back from where it started, and the break and restest gives me a little more reassurance that the setup is not a false break out.

--NM
  • #5,168
  • Mar 8, 2010 8:52pm Mar 8, 2010 8:52pm
Quoting hytten
Ah I'm in Singapore too.. Going out for lunch now so I can be ready for LOB. Can;t think with empty stomach.
Hahaha have a good lunch!!!

--NM
  • #5,169
  • Mar 8, 2010 8:54pm Mar 8, 2010 8:54pm
Quoting A 5
good probability for your risk free final run
I hope so, I am going on vacation in a couple days so I need a couple good trades before I go...

--NM
  • #5,170
  • Mar 8, 2010 8:59pm Mar 8, 2010 8:59pm
Anyone long NZD/JPY? The bottom has been tested 3 times.. I think bull is in control now.. PA is a little bit slow now, better wait for london session..
Attached Image (click to enlarge)
Click to Enlarge Name: Yunero_ Mar. 09, 2010_ 12.51.gif Size: 19 KB
Trend + S&R + RR =
  • #5,171
  • Mar 8, 2010 9:06pm Mar 8, 2010 9:06pm
Quoting yunero
Anyone long NZD/JPY? The bottom has been tested 3 times.. I think bull is in control now.. PA is a little bit slow now, better wait for london session..
I have not done anything with any of the Kiwi pairs, they have been kind of squirrely lately for some reason.

--NM
  • #5,172
  • Mar 8, 2010 9:12pm Mar 8, 2010 9:12pm
Quoting yunero
Anyone long NZD/JPY? The bottom has been tested 3 times.. I think bull is in control now.. PA is a little bit slow now, better wait for london session..
just pay attention, right above at 63.00 we have an S/R level from the daily. So you might be buying against some pretty big resistance.

What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy d1 9.3.2010.gif Size: 25 KB
  • #5,173
  • Mar 8, 2010 9:22pm Mar 8, 2010 9:22pm
The AUDNZD looks like it is getting ready for another run up, right off a previous swing low and 50% Fib and it has broken the counter trend line...might be something to watch, it does not move much in a day....well ok it runs in place a lot...but the ADR is quite low...

--NM
  • #5,174
  • Mar 8, 2010 9:27pm Mar 8, 2010 9:27pm
Time for me to get a couple hours sleep before the London session... I moved my SL inside the 75% fib danger zone, so it will close me out of it gets back that far.

--NM
  • #5,175
  • Mar 8, 2010 9:31pm Mar 8, 2010 9:31pm
Quoting NightMoves
Time for me to get a couple hours sleep before the London session... I moved my SL inside the 75% fib danger zone, so it will close me out of it gets back that far.

--NM
Dont worry
enough ppl here to push the GBP for you
  • #5,176
  • Mar 8, 2010 9:36pm Mar 8, 2010 9:36pm
Quoting Custos
just pay attention, right above at 63.00 we have an S/R level from the daily. So you might be buying against some pretty big resistance.

What do you think?
Thanks I didn't realize price is right on major resistance.. i wont dare to short at this moment, unless price stay above that level.
Trend + S&R + RR =
  • #5,177
  • Edited Mar 9, 2010 1:33am Mar 8, 2010 10:51pm | Edited Mar 9, 2010 1:33am
Quoting NightMoves
I hope so, I am going on vacation in a couple days so I need a couple good trades before I go...

--NM
O interesting where we find ourselves around this little planet of ours - lunch for some is shut eye for others!
I set my trade on GJ @ 135.45 (based on pullback) and went to complete my parental duties, putting the little people to bed etc. When I came back I decided to leave it there and just lowered my lot size and get some shut eye.

Woke up this morning to find it well in profit, now at BE, with +50 in bank @ R1:R1.5... Hoping for a free ride...

EDIT: now sitting on 200 pips profit

Enjoy your break - we will be off in June/July to do safari in Mozambique, thru Zim to VicFalls and back down Namibia to home... Nice 6 week trip with compliments of FIFA SWC...
  • #5,178
  • Mar 9, 2010 1:38am Mar 9, 2010 1:38am
My GBPJPY trade hit my final target for 174 pips. Now I can afford my vacation ....Hahaha. You guys have a good week I will talk to you all when I get back.

--NM
  • #5,179
  • Mar 9, 2010 1:40am Mar 9, 2010 1:40am
Quoting Paulette
O interesting where we find ourselves around this little planet of ours - lunch for some is shut eye for others!
I set my trade on GJ @ 135.45 (based on pullback) and went to complete my parental duties, putting the little people to bed etc. When I came back I decided to leave it there and just lowered my lot size and get some shut eye.

Woke up this morning to find it well in profit, now at BE, with +50 in bank @ R1:R1.5... Hoping for a free ride...

EDIT: now sitting on 200 pips profit

Enjoy your break - we will be off in June/July to do...
Excellent trade Paulette, good Job! My vacation is a short one, I have a lot of work to do so I cant be gone too long, but even a week or so is going to be good,.

--NM
  • #5,180
  • Mar 9, 2010 2:20am Mar 9, 2010 2:20am
Quoting NightMoves
Excellent trade Paulette, good Job! My vacation is a short one, I have a lot of work to do so I cant be gone too long, but even a week or so is going to be good,.

--NM
NM enjoy your break - thank you so much for all your support and wisdom. Today I have reached a special target: 1000pips profit in just a few weeks...

Thanks to you and your snr team here...
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