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Trend Trading All Pairs

  • #5,201
  • Mar 9, 2010 8:47pm Mar 9, 2010 8:47pm
Quoting yunero
http://www.forexfactory.com/showpost...postcount=5062

shahroor, you still holding your short on GBP/NZD? The price is already break the low.. 600+ pips
I am still holding and loving it.. one or two of these trades a month is enough to keep the account flourished, but still on demo though
  • #5,202
  • Mar 9, 2010 9:08pm Mar 9, 2010 9:08pm
Quoting yunero
http://www.forexfactory.com/showpost...postcount=5121

My NZD/CAD stopped out @ BE. Now the price is approaching the resistance. I'm looking for short again if the resistance can hold.. i'll keep my eyes on this one..
This is looking oh so tempting at .7250. Struggling a bit to get there right now.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD H1 3-9-2010 20-05-07.jpg Size: 95 KB
  • #5,203
  • Mar 9, 2010 9:08pm Mar 9, 2010 9:08pm
I've seen many trades being posted after moving massive pips in favour of the trades . Can we post trades setups and entry well before it happen ? I am not trying to follow but its a good gauge on ones performance and prediction .
  • #5,204
  • Mar 9, 2010 9:59pm Mar 9, 2010 9:59pm
Quoting Ibz
I've seen many trades being posted after moving massive pips in favour of the trades . Can we post trades setups and entry well before it happen ? I am not trying to follow but its a good gauge on ones performance and prediction .
It is definitely helpful to share views on setups before it is too late, I will post my trades setups whenever I can but am no expert to follow...lol
  • #5,205
  • Mar 9, 2010 10:18pm Mar 9, 2010 10:18pm
Quoting shahroor
It is definitely helpful to share views on setups before it is too late, I will post my trades setups whenever I can but am no expert to follow...lol
Yes, me too.. but sometimes for some reason i missed some trades also. Look at AUD/USD last night.. it was a very good trade.. damn!
Attached Image (click to enlarge)
Click to Enlarge Name: Yunero_ Mar. 10, 2010_03 12.13.gif Size: 20 KB
Trend + S&R + RR =
  • #5,206
  • Mar 9, 2010 10:21pm Mar 9, 2010 10:21pm
I'm waiting for bpc trade on CAD/CHF..
Attached Image (click to enlarge)
Click to Enlarge Name: Yunero_ Mar. 10, 2010_ 12.13.gif Size: 19 KB
Trend + S&R + RR =
  • #5,207
  • Mar 9, 2010 11:08pm Mar 9, 2010 11:08pm
Quoting Ibz
I've seen many trades being posted after moving massive pips in favour of the trades . Can we post trades setups and entry well before it happen ? I am not trying to follow but its a good gauge on ones performance and prediction .
I hardly ever post trades that have moved many pips in my favour. In fact, my last three posts involving trading setups were,

#1. the USD/CAD. You can clearly see "before" and "after". And my objections.
http://www.forexfactory.com/showpost...postcount=5011

#2. The other was the TT trades for EUR/USD and EUR/AUD.
http://www.forexfactory.com/showpost...postcount=4984
If you check the date and time, and follow what happens to the EUR/USD(went up by +40 pips before collapse) and the EUR/AUD(it has now moved by +350 pips). You can see clearly the "before" and "after" too. Also my objections.

#3. The other trade before that was the LOB EUR/CAD that i had issue with
http://www.forexfactory.com/showpost...postcount=4915
You just have to see where it is now = +150pips. Also, my objections.

Those are just the last three ones.

I was in the gbp/jpy trade(that paulette and nightmoves took) too and gbp/nzd short trade too. But since i didnt post the pre-trade here, that is why i didnt even bother talking about my gbp/jpy trade. Because it serves no purpose talking about a trade that has already completed or well under way that you didnt alert people about. So, i just shut up about them. We are sometimes just too busy combining work with trading to even come here to post trading setups before it happens. So, yeah, i can understand when some people post about making +400 pips after the fact.

And sometimes, seriously, these pairs will almost setup for a trade, only to reverse at the last minute. For example, look at this post of mine:

http://www.forexfactory.com/showpost...postcount=4435

That trade almost setup, only to reverse, then, re-setup again about 12 to 14 hours later. That was fracking annoying. I just felt that i should have just shut up and never said anything. At that point, i didnt even bother posting about it again, i just took the trade straight up on D1/H4 instead of H4/H1. Figuring that if you are mildly intelligent, you can see what i was seeing, as such, i dont need to come here again and talk about it all over.

I dont think people are obligated to babysit or hand-hold others....and if you are complaining about people posting trading setups after the fact because you want to trade their setups rather than originally find your own, mr. IBZ, i dont think that is helpful for you.

i dont think it is helpful to piggyback ride trading setups rather than learn how they are done. So, yeah, people can COMPLETELY post trades and talk about how they made +2,000 pips after the fact. If you are familiar with hector's method, it should be obvious to you why they took that trade in the first place. So, you shouldnt even have to complain that they are posting trading setups after the fact. It is just something i personally dont like to do(posting trading setups after the fact), but others are absolutely entitled to do it.

Just my two cents on the matter.
  • #5,208
  • Mar 9, 2010 11:45pm Mar 9, 2010 11:45pm
[quote=EntropyLad;3536762]I hardly ever post trades that have moved many pips in my favour. In fact, my last three posts involving trading setups were,

#1. the USD/CAD. You can clearly see "before" and "after". And my objections.
http://www.forexfactory.com/showpost...postcount=5011

Morning EntropyLad - well spoken. There has been a bit of "snotty entitlement" creeping into the thread and I dont like that 1little bit.

To all the other junior traders of this thread's strategies, I have been following this thread for 3 months and learned to spot the trades as per the Hector strat, some others I am still trying to master.

There are senior traders here that post very valuable trade setups and go thru a lot of trouble explaining those. Go thru the thread and do some reading / try to grasp what they are saying. Ask questions, I am still to see them not giving you a reasonable explanation.

Like EntropyLad said, one needs to find your own setups based on your interpretation of the strategy and demo it accordingly until you find some solid recurring pattern - hopefully winning. Ultimately the decision to push that button to enter is yours, why would you not base entering on your own analysis? Empower yourself.

Personally, I prefer not to post my setups before I take them. I don't post all my trades either. I have posted all types of trades - from winners to losses, and everything in between. I don't see the point in flooding the thread with my efforts while NM, Custos, EntropyLad and Yunero IMO posts much more valuable contributions (from setup to completion with motivations).

Again these guys are doing a brilliant job keeping quality in this thread and I respect that.

It is only thru their support (sometimes spiked with twisted humor and braz houses) and hard work (hours and hours of screen time) that I have managed to get to where I am in 3 months. I have been trading for 15mthns in total - so about time the penny's start dropping!

Am I doing well? In comparison to my past record, yes - in terms of what I have id'd in the market there is huge room for improvement.

Keep doing screentime, learn to make your own trade selections and respect the guys in the thread - a forum is just a means of "willing" knowledge exchange and some fun. It is free and we all contribute in the way we see fit and feel comfortable.

That is my 2c worth - respect, respect and again respect others and you will be respected too.
  • #5,209
  • Mar 10, 2010 1:16am Mar 10, 2010 1:16am
[quote=Custos;3527714]I know I play around with a lot of things, but I think in trading it is important to always look for new stuff and either incorporate it or reject it.
What I am looking at is going with the flow with those touch trades by just marking up all different S/R levels from different time-frames and colour-coding them. And instead of just looking for trades going with the trend, I would just look for trades that go with the flow.

Hi Custos
Am trying to understand your intent here.
i have attached a PA sketch, did i get you right?
cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Custos TT Flow.jpg Size: 77 KB
  • #5,210
  • Mar 10, 2010 1:24am Mar 10, 2010 1:24am
Quoting A 5
Hi Custos
Am trying to understand your intent here.
i have attached a PA sketch, did i get you right?
cheers...
exactly, that is exactly what I am playing around with. Reasoning behind that idea is that I think if price reacts big at a certain higher time-frame S/R level (in this case the daily), it will continue in that direction more often than not, thus the lower time-frames (here h4) can give good entries in direction of that reaction.
But this idea is still in the testing phase and from what I've seen already it is really important to judge PA at all times.
  • #5,211
  • Mar 10, 2010 1:44am Mar 10, 2010 1:44am
Quoting Custos
exactly, that is exactly what I am playing around with. Reasoning behind that idea is that I think if price reacts big at a certain higher time-frame S/R level (in this case the daily), it will continue in that direction more often than not, thus the lower time-frames (here h4) can give good entries in direction of that reaction.
But this idea is still in the testing phase and from what I've seen already it is really important to judge PA at all times.
Thanks Custos
i generally follow the rule that, if my setup is H1 going short, then my H4 chart must be down trending and vice versa.
however there can be exceptions, i took a trade yesterday going long on the H4 USDCAD at 1.0240 with the D1 still in a downtrend, but with obvious reasons to support.
thanks again
cheers
  • #5,212
  • Mar 10, 2010 2:22am Mar 10, 2010 2:22am
Quoting Custos
exactly, that is exactly what I am playing around with. Reasoning behind that idea is that I think if price reacts big at a certain higher time-frame S/R level (in this case the daily), it will continue in that direction more often than not, thus the lower time-frames (here h4) can give good entries in direction of that reaction.
But this idea is still in the testing phase and from what I've seen already it is really important to judge PA at all times.

Hi Custos,

I stumbled upon an indicator that can set S/R and in different colours depending on TF and input parameters... http://www.forexfactory.com/showthread.php?t=204276

EDIT: maybe it can aide in some way or just be parked as obsolete
  • #5,213
  • Mar 10, 2010 3:38am Mar 10, 2010 3:38am
Quoting Paulette
Hi Custos,

I stumbled upon an indicator that can set S/R and in different colours depending on TF and input parameters... http://www.forexfactory.com/showthread.php?t=204276

EDIT: maybe it can aide in some way or just be parked as obsolete
okay thanks, I am gonna take a look at it.
  • #5,214
  • Mar 10, 2010 5:41am Mar 10, 2010 5:41am
[quote=A 5;3537045]
Quoting Custos
I know I play around with a lot of things, but I think in trading it is important to always look for new stuff and either incorporate it or reject it.
What I am looking at is going with the flow with those touch trades by just marking up all different S/R levels from different time-frames and colour-coding them. And instead of just looking for trades going with the trend, I would just look for trades that go with the flow.

Hi Custos
Am trying to understand your intent here.
i have attached a PA sketch, did i get you right?
cheers...
Thank you guys! A5, you made it clearer..easy to understand. I'm already saved the PA sketch.. learn something today.
Trend + S&R + RR =
  • #5,215
  • Mar 10, 2010 5:56am Mar 10, 2010 5:56am
Quoting yunero
Yes, me too.. but sometimes for some reason i missed some trades also. Look at AUD/USD last night.. it was a very good trade.. damn!
I am in on it, waiting to see if it will develop free ride tho - entry was 9115... now @ BE, so lets see what happens...
  • #5,216
  • Mar 10, 2010 6:19am Mar 10, 2010 6:19am
Hi Custos,

can you give me an indication of how you scale out of your trades? Once your r:r = 1:1 your bring SL to BE, then you sell off portion? is it 33% at each tp or 25% or is it randomly.

Thnx
  • #5,217
  • Edited 7:03am Mar 10, 2010 6:48am | Edited 7:03am
Propability trade coming up:
EUR/JPY approaching falling resistance-line, which starts in the beginning of February. Most easily viewed in 4H. Time for a new short-entry perhaps?
  • #5,218
  • Edited 9:09am Mar 10, 2010 6:53am | Edited 9:09am
Hello Everyone,

I'm keeping an eye on the USD/JPY. It looks like a good short opportunity.

1. Trend is down.
2. Retrace between 50 and 61.8 Fib
3. Resistance from an inner trend line
4. Horizontal resistance around 90.462

Regarding the horizontal resistance. I was playing around with an indicator I found here at FF. It is designed to identify S/R levels. Very configurable so read the directions. And it is only a tool to ASSIST in identifying levels, not REPLACE good manual analysis.

After a couple of hours yesterday I ended up with the areas shown on the second chart. Then, low and behold, look where price went. That happens to be within 15 pips of the 61.8 Fib level.

Something to play around with when things are slow. See the discussion here.

http://www.forexfactory.com/showthread.php?t=204276

Update: So much for that analysis. Price blew right through here. Glad I have learned to wait for confirmation.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY D1 3-10-2010 05-38-43.jpg Size: 91 KB
Click to Enlarge Name: USDJPY D1 3-10-2010 05-40-28.jpg Size: 104 KB
  • #5,219
  • Mar 10, 2010 7:06am Mar 10, 2010 7:06am
Quoting Paulette
Hi Custos,

can you give me an indication of how you scale out of your trades? Once your r:r = 1:1 your bring SL to BE, then you sell off portion? is it 33% at each tp or 25% or is it randomly.

Thnx
first target I take 50% off, and then the next targets I generally take 25% off. But that's just my approach to this. There are for sure also other techniques.
  • #5,220
  • Mar 10, 2010 7:15am Mar 10, 2010 7:15am
Quoting Custos
first target I take 50% off, and then the next targets I generally take 25% off. But that's just my approach to this. There are for sure also other techniques.
Thnks much appreciated...
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