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Trend Trading All Pairs

  • #5,401
  • Mar 16, 2010 2:17am Mar 16, 2010 2:17am
Quoting Custos
yeah, overtrading is not a good thing. I agree with that. I just wanna get into trading PA (going with the flow) a little more. As long as most of them work out I will start taking more of them. I actually log those kind of trades in now and created a separate equity curve just for those to objectively see if I am trading proper PA setups with decent returns, or if those riskier types are adding more to my losses than to my wins.
Once the losing trades would take out my winning trades I will of course stop with those riskier trades, however right...
Does USD/CHF m30 fits into what you are saying? I think the bounce already happened at 12am LONDON time though.

Alright, ladies and gentlemen. No trades that i can see...maybe they are getting ready for the FOMC decision later today.
  • #5,402
  • Mar 16, 2010 2:48am Mar 16, 2010 2:48am
Quoting EntropyLad
Does USD/CHF m30 fits into what you are saying? I think the bounce already happened at 12am LONDON time though.

Alright, ladies and gentlemen. No trades that i can see...maybe they are getting ready for the FOMC decision later today.
Hi EntropyLad & Custos,

let me try and explain my line of thinking:

1) "go with the flow" or follow the markets natural movements on Day level;
2) then I found that when looking at those Daily candles, the smaller tf's do provide entries that seemed good and lasting, looking at the smaller tf's in 1/4, 1/8, 1/16 etc; (EDIT: Kinda reverse engineer the day candle and build it from the smallest blocks - floor, walls, ceiling, roof)
3) the trick seems to be to let the higher TF rule and use the smaller TF to get into the swing of things. Keep the SL small and manage trade to BE, then let the market do what it is going to do anyway - with or without you.

Just got chills down my spine reading another thread, SL of 150-250+ being used...
  • #5,403
  • Mar 16, 2010 3:05am Mar 16, 2010 3:05am
Quoting EntropyLad
Does USD/CHF m30 fits into what you are saying? I think the bounce already happened at 12am LONDON time though.

Alright, ladies and gentlemen. No trades that i can see...maybe they are getting ready for the FOMC decision later today.
can you post a chart?
  • #5,404
  • Mar 16, 2010 3:21am Mar 16, 2010 3:21am
Quoting Paulette
Hi EntropyLad & Custos,

let me try and explain my line of thinking:

1) "go with the flow" or follow the markets natural movements on Day level;
2) then I found that when looking at those Daily candles, the smaller tf's do provide entries that seemed good and lasting, looking at the smaller tf's in 1/4, 1/8, 1/16 etc;...
good strategy, yeah would be totally difficult to make any money with such a high stoploss. haha
  • #5,405
  • Mar 16, 2010 4:45am Mar 16, 2010 4:45am
Quoting Custos
Got into eur/jpy. Let's see how it works out.
Attached is the h4 chart.
first target reached, stop at b/e.
  • #5,406
  • Mar 16, 2010 7:24am Mar 16, 2010 7:24am
just posting the final results http://www.forexfactory.com/showthre...08630&page=357

GJ: +175
GU: +130
E/Aud: 9 - opted out as this trade was just ranging and not moving at all
  • #5,407
  • Mar 16, 2010 7:46am Mar 16, 2010 7:46am
Quoting Paulette
just posting the final results http://www.forexfactory.com/showthre...08630&page=357

GJ: +175
GU: +130
E/Aud: 9 - opted out as this trade was just ranging and not moving at all
Good trades paulette,
I do have a question for you, did you have both GBP trades open at the same time?

--NM
  • #5,408
  • Mar 16, 2010 7:57am Mar 16, 2010 7:57am
Looks like the strengths and weaknesses across the board are beginning to even out somewhat, except maybe on the 4 hour time frame.

--NM
  • #5,409
  • Mar 16, 2010 7:58am Mar 16, 2010 7:58am
Quoting NightMoves
Good trades paulette,
I do have a question for you, did you have both GBP trades open at the same time?

--NM
Thnx NM,

I took GJ live and GU as demo - I was aware of the over-exposure factor, but about 30mins after I went into GJ, I realised that in this specific case, GU triggered before GJ (+-30 mins / 50pips), which would have allowed time/pips to bring GU to BE and then enter on GJ as GU had become a risk free trade.

Not sure how many times this would happen as these 2 are joined by the hip most of the time.

From the view of over-exposure, I would rather do a live and demo trade at this stage than try to push my hand at 2 live trades. Much more experience needed.
  • #5,410
  • Mar 16, 2010 8:02am Mar 16, 2010 8:02am
Quoting Paulette
Thnx NM,

I took GJ live and GU as demo - I was aware of the over-exposure factor, but about 30mins after I went into GJ, I realised that in this specific case, GU triggered before GJ (+-30 mins / 50pips), which would have allowed time/pips to bring GU to BE and then enter on GJ as GU had become a risk free trade.

Not sure how many times this would happen as these 2 are joined by the hip most of the time.

From the view of over-exposure, I would rather do a live and demo trade at this stage than try to push my hand at 2 live trades. Much more...
Oh ok, I just wanted to be sure you are not getting yourself in what could turn out to be a bad situation in the future.

--NM
  • #5,411
  • Mar 16, 2010 8:09am Mar 16, 2010 8:09am
Quoting NightMoves
Oh ok, I just wanted to be sure you are not getting yourself in what could turn out to be a bad situation in the future.

--NM
thnx Captain - at this stage I would rather wish I was in a trade than wish I not... :nerd:
  • #5,412
  • Mar 16, 2010 8:39am Mar 16, 2010 8:39am
Quoting Custos
can you post a chart?
interesting point for this pair USDCHF
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Mar. 16 13.36.gif Size: 28 KB
  • #5,413
  • Mar 16, 2010 8:49am Mar 16, 2010 8:49am
Quoting shahroor
interesting point for this pair USDCHF

I agree, I have been watching this pair for weeks now...
  • #5,414
  • Mar 16, 2010 9:12am Mar 16, 2010 9:12am
Quoting EntropyLad
Closed out 1/2 at 1.3670. Thanks for playing, EUR/USD. I am genuinely torn between closing out 1/2 at 1.3670(which is par, for the course) or 1.3690. Anyways, closed out 1/2 at 1.3670.
Closed out 1/4 at 1.3727. We will see how the FOMC affects the remaining 1/4. moved SL to b/e. + 2.
  • #5,415
  • Mar 16, 2010 9:13am Mar 16, 2010 9:13am
Quoting Paulette
I agree, I have been watching this pair for weeks now...
would be unwise to trade with the FOMC announcement in 4 hours time
  • #5,416
  • Mar 16, 2010 9:16am Mar 16, 2010 9:16am
Quoting A 5
would be unwise to trade with the FOMC announcement in 4 hours time

watching does not mean participating... taking a break till tomorrow I think
  • #5,417
  • Mar 16, 2010 9:22am Mar 16, 2010 9:22am
Quoting Paulette
Hi EntropyLad & Custos,

let me try and explain my line of thinking:

1) "go with the flow" or follow the markets natural movements on Day...
Makes complete sense to me. Weekly may apply in certain cases too. Sl of 150 to make what? I know a group of people who thinks risking SL of 500 or 1500 pips to make +20pips is the right way to trade the market. And if you dont, you are a complete idiot. And if the market keeps going against you, just keep adding, and adding...one day, the whole thing will average out to B.E. or positive trade. I was with these people right before i came here....there was...shall we say....irreconcilable differences, as such, we have to part ways.

Quoting Paulette
just posting the final results http://www.forexfactory.com/showthre...08630&page=357

GJ: +175
GU: +130
E/Aud: 9 - opted out as this trade was just ranging and not moving at all

Good work, paulette. I closed out my g/j too for + 80 pips; and + 40 pips for the second part.


Quoting Custos
Just to illustrate, a similar trade I took yesterday. Short aud/jpy h1 chart. Actually bias is kind of up on the h4. Reached first tp, stop at break even (nice to make money while sleeping).
Bounced off the 83.00 RN, confluence of S/R. Too counter trend for my taste. I didnt take it.
  • #5,418
  • Mar 16, 2010 9:32am Mar 16, 2010 9:32am
Well, did go to + 60 pips slightly past the RN(purple line) before reversing. I still wont take it. I like good looking setups. But good to know the technical of the setups still works.



Quoting EntropyLad
Too much indecision in the H4 b-p-c setup. I have to let this one go.

http://www.forexfactory.com/attachme...1&d=1268717756
  • #5,419
  • Mar 16, 2010 9:36am Mar 16, 2010 9:36am
Well, now well past the PT of 1.01535. Also the next RN. I wont take the trade still. But, good to know that the technical structure of the trading setups still works.



Quoting EntropyLad
USD/CAD h4/h1.....darn it! the FOMC rate decision is coming up today.

http://www.forexfactory.com/attachme...1&d=1268719821
  • #5,420
  • Mar 16, 2010 9:39am Mar 16, 2010 9:39am
Frack! Anybody see the D1 trend collapse on the AUD/NZD? Anybody caught that daily TLC? My alarms just went off right now.

Go to the DAILY. draw the trendlines. See the break. Zoom to h1, look for BPC on the 15mins.

For some reason my metatrader alarm just went off. (does anybody have the problem? where there alarm goes off too late?)
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