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Trend Trading All Pairs

  • #5,221
  • Mar 10, 2010 7:28am Mar 10, 2010 7:28am
Quoting Rush
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?
Not sure it will hold this time.. The price made new HL everytime its drop.. and the gap between support and trendline is too close.
Attached Image (click to enlarge)
Click to Enlarge Name: Yunero_ Mar. 10, 2010_ 21.23.gif Size: 20 KB
Trend + S&R + RR =
  • #5,222
  • Mar 10, 2010 8:49am Mar 10, 2010 8:49am
I think EU & UCHF is going for a breakout soon.. I'm looking for a bpc trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Yunero_ Mar. 10, 2010_ 22.35.gif Size: 19 KB
Click to Enlarge Name: Yunero_ Mar. 10, 2010_ 22.30.gif Size: 20 KB
Trend + S&R + RR =
  • #5,223
  • Mar 10, 2010 9:07am Mar 10, 2010 9:07am
Quoting Custos
here you got my chf/jpy chart.
Only thing I don't like is fast PA, when price was retracing, would have liked it a little slower. Nonetheless, sometimes it's just better to take a shot.
CHF/JPY....nicely done.

http://www.forexfactory.com/showthre...py#post3534967
  • #5,224
  • Mar 10, 2010 9:11am Mar 10, 2010 9:11am
Quoting EntropyLad
CHF/JPY....nicely done.

http://www.forexfactory.com/showthre...py#post3534967
thanks, was a good entry after all.
  • #5,225
  • Mar 10, 2010 9:18am Mar 10, 2010 9:18am
I am thinking of going short in aud/usd. Attached is the daily chart. Confluence of trendline, horizontal S/R level and 76.4% fib.
PA is quite slow, so the level is likely to hold in my opinion, any objections or comments?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd d1 10.3.2010.gif Size: 26 KB
  • #5,226
  • Mar 10, 2010 9:19am Mar 10, 2010 9:19am
Quoting Custos
thanks, was a good entry after all.
Of course, it is! You are the Custos, mfer! I would have taken that trade at 83.05(which fits into my +/- 5 pips off RN.) if i had spotted it earlier.... I got my revenge with a 1, 2, 3/ bpc off 83.85 at 9am London time today. H4/H1 trade. Thanks for bringing it to my attention.
  • #5,227
  • Mar 10, 2010 9:23am Mar 10, 2010 9:23am
[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...
That is actually a very good explanation, A_5. The part i am worried about is the counter-trend trades aspect of it. That will be the challenge. I am privately working on something similar.
  • #5,228
  • Mar 10, 2010 9:23am Mar 10, 2010 9:23am
Quoting EntropyLad
Of course, it is! You are the Custos, mfer! I would have taken that trade at 83.05(which fits into my +/- 5 pips off RN.) if i had spotted it earlier.... I got my revenge with a 1, 2, 3/ bpc off 83.85 at 9am London time today. H4/H1 trade. Thanks for bringing it to my attention.
congrats on your trade! I love making pips!!!!!!!!
  • #5,229
  • Mar 10, 2010 9:25am Mar 10, 2010 9:25am
Quoting Custos
congrats on your trade! I love making pips!!!!!!!!
Your CHF/JPY trades looks similar to your GBP/JPY trade

http://www.forexfactory.com/showpost...postcount=5025

Dont think i didnt notice!!
  • #5,230
  • Mar 10, 2010 9:26am Mar 10, 2010 9:26am
Quoting EntropyLad
Your CHF/JPY trades looks similar to your GBP/JPY trade

http://www.forexfactory.com/showpost...postcount=5025

Dont think i didnt notice!!
haha, you caught me, next time I hide it better
  • #5,231
  • Mar 10, 2010 9:38am Mar 10, 2010 9:38am
Quoting Custos
haha, you caught me, next time I hide it better

Lol. I think you were attempting to do the same thing with EUR/USD on H4, 4th of march, 2010. In fact, the same thing happened on the 61% fib rather than the 50% area you aimed for.

Your recent EUR/USD, CHF/JPY, GBP/JPY all have certain characteristics.

#1. Strong rectangular consolidations that is crystal clear on h4 after a nice run down.

#2. This rectangular consolidations starts to form or morph into a flat top triangle with higher lows.

#3. A nice, burst of massive breakouts shooting off like crazy from the consolidation that is countertrend.

#4. This burst of activity is followed by a quick retracement into the consolidation, only to meet STRONG SUPPORT/bounce off area of strong confluence of PA consolidation, RN, fib level and trendline. It doesnt even have be a TLC to work.

That is my little observations so far.
  • #5,232
  • Mar 10, 2010 9:49am Mar 10, 2010 9:49am
Quoting EntropyLad
Lol. I think you were attempting to do the same thing with EUR/USD on H4, 4th of march, 2010....
good observations, I never explicitely formulated the points you mention, but it's a good little summary for people with less screen time.
  • #5,233
  • Mar 10, 2010 9:56am Mar 10, 2010 9:56am
Quoting EntropyLad
#1. Strong rectangular consolidations that is crystal clear on h4 after a nice run down.

#2. This rectangular consolidations starts to form or morph into a flat top triangle with...
having 2 genius on the same subject
what else can i ask for more
Excellent work
molto gracias
  • #5,234
  • Mar 10, 2010 10:08am Mar 10, 2010 10:08am
Quoting Custos
good observations, I never explicitely formulated the points you mention, but it's a good little summary for people with less screen time.
Check out EUR/JPY H4. you will notice the same thing too. Man, the multitude of ideas i stole from you, custos. Hahaha.


Quoting A 5
having 2 genius on the same subject
what else can i ask for more
Excellent work
molto gracias
hey now! It is all custos idea, dont get me involved in all this. He is the jedi master, i am just the shemale licking me balls! If interested, A_5, the same thing is going on right now in EUR/JPY H4 chart.
  • #5,235
  • Mar 10, 2010 10:29am Mar 10, 2010 10:29am
EUR/AUD is approaching the resistance. Looking good to short. Let see if it get there.
Attached Image (click to enlarge)
Click to Enlarge Name: Yunero_ Mar. 11, 2010_ 00.17.gif Size: 18 KB
Trend + S&R + RR =
  • #5,236
  • Mar 10, 2010 10:33am Mar 10, 2010 10:33am
Quoting yunero
EUR/AUD is approaching the resistance. Looking good to short. Let see if it get there.
yep, also looking at that one. But I guess we gonna see a reaction next week.
  • #5,237
  • Mar 10, 2010 10:44am Mar 10, 2010 10:44am
Quoting Custos
yep, also looking at that one. But I guess we gonna see a reaction next week.
I dont understand. Could you clarify it more?
Trend + S&R + RR =
  • #5,238
  • Mar 10, 2010 10:47am Mar 10, 2010 10:47am
Quoting yunero
I dont understand. Could you clarify it more?
well, just saying, we only have two more days to go before the weekend. Since I like price to move slowly to that area, I would not like if price reaches it in the next few days, too fast PA.
So, under normal circumstances it should move up to that level next week to qualify as a tradable opportunity for me, otherwise too fast PA.
Don't you think so?
  • #5,239
  • Mar 10, 2010 10:54am Mar 10, 2010 10:54am
Quoting PippyD
This is looking oh so tempting at .7250. Struggling a bit to get there right now.
Did you take it? My entry was suppose to be short at 0.7255. As per my +/- 5 pips RN rule.
http://www.forexfactory.com/showpost...postcount=4994

But i didnt take the trade though: NZD cash rate, RBNZ rate announcement coming today. Too scary for me. Unless you want to sell 2/3rd at +15 pips, and widen the SL and hope the RATE announcement goes in your favour.
  • #5,240
  • Mar 10, 2010 10:58am Mar 10, 2010 10:58am
Quoting Custos
well, just saying, we only have two more days to go before the weekend. Since I like price to move slowly to that area, I would not like if price reaches it in the next few days, too fast PA.
So, under normal circumstances it should move up to that level next week to qualify as a tradable opportunity for me, otherwise too fast PA.
Don't you think so?
Yes, me too.. most of the time when PA is too fast, it will break that S&R level. I dont like what happend now, PA is too fast..maybe need 1 more candle to get there. If it break that level, i think next resistance area is @ 1.5050.
Trend + S&R + RR =
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