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Trend Trading All Pairs

  • #5,421
  • Mar 16, 2010 9:42am Mar 16, 2010 9:42am
Quoting EntropyLad
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.

some have deeper pockets, I guess... and so we all have our own experiences...

My pre-this-thread-coach & community insisted (and still attempts) scalp trades, risking 30 to try and gain 10... Anything higher than 5min was not a good idea...

R:R was a foreign concept, MM alien and confluence mystic - blaming all and sundry for losses, never looking at probability. I just could not get it - as you say I.D. and "cheers vi eers" (till later, never to return)
  • #5,422
  • Mar 16, 2010 9:48am Mar 16, 2010 9:48am
Quoting EntropyLad
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?)

alarm problems? touch wood not, I have had up to 14 set simultaneously... I see the TLC too...
  • #5,423
  • Mar 16, 2010 10:04am Mar 16, 2010 10:04am
EURUSD Enter short at 1.3770

and enter long till breakout will appear.

crackjack
  • #5,424
  • Mar 16, 2010 10:12am Mar 16, 2010 10:12am
Quoting Paulette
alarm problems? touch wood not, I have had up to 14 set simultaneously... I see the TLC too...
I guess i will have to find a good place to enter or, trade counter daily trend from the weekly.

Quoting Paulette
some have deeper pockets, I guess... and so we all have our own experiences...

My pre-this-thread-coach & community insisted (and still attempts) scalp trades, risking 30 to try and gain 10... Anything higher than 5min was not a good idea...

R:R was a foreign concept, MM alien and confluence mystic - blaming all and sundry for losses, never looking at probability. I just could not get it - as you say I.D. and "cheers vi eers" (till later, never to return)
Feel ya. I was actually banned from my old group. My IP address and my internet provider in my region completely banned. I was too much of a trouble for them.

Anyways, currently searching back and forth for trading setups. I missed too many setups this week already. Missed all the fun on sunday. Missed this AUD/NZD collapse...something similar happened in AUD/CHF too.
  • #5,425
  • Mar 16, 2010 10:31am Mar 16, 2010 10:31am
CUSTOS, EUR/AUD may be in the early stages of your counter trend trades. The daily trendline has been broken.
  • #5,426
  • Mar 16, 2010 10:43am Mar 16, 2010 10:43am
I just finished a review, i see a lot of TLC forming for this week. Their daily trendline has been broken. Which means a TT and/or 1,2,3/bpc on lower time frames. Of course, LOB when these TLC takes a break.

Should be good.
  • #5,427
  • Mar 16, 2010 12:52pm Mar 16, 2010 12:52pm
Quoting EntropyLad
CUSTOS, EUR/AUD may be in the early stages of your counter trend trades. The daily trendline has been broken.
PA was too strong for my taste, maybe I will take it on a retracement back up.
  • #5,428
  • Mar 16, 2010 3:52pm Mar 16, 2010 3:52pm
A trade I am thinking about for tomorrow. GBP/CHF h1. I know counter-trend and all. BUT confluence around orange level and strong PA today, making the last movement up possibly an impulse wave, depending on the PA tomorrow I will take the entry or not. Let's see.
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  • #5,429
  • Mar 16, 2010 4:05pm Mar 16, 2010 4:05pm
Quoting Custos
A trade I am thinking about for tomorrow. GBP/CHF h1. I know counter-trend and all. BUT confluence around orange level and strong PA today, making the last movement up possibly an impulse wave, depending on the PA tomorrow I will take the entry or not. Let's see.
How about the H4 TF
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  • #5,430
  • Mar 16, 2010 4:06pm Mar 16, 2010 4:06pm
similar thing with eur/gbp h1. also counter trend, but definitely worth a shot if PA is right. it already breached the h4 up-trendline.
I know I posted a lot of counter trend setups lately. Gonna try to stick more to the trending setups for this thread. Just thought maybe somebody is interested in counter trend setups as well.
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  • #5,431
  • Mar 16, 2010 4:11pm Mar 16, 2010 4:11pm
Quoting shahroor
How about the H4 TF
the last 2 candles on the daily doesnt look too good for a short
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  • #5,432
  • Mar 16, 2010 4:13pm Mar 16, 2010 4:13pm
Quoting shahroor
How about the H4 TF
I hear you. Well, that's the problem with counter trend setups, there are always a lot of S/R levels to go through. However, if you look at the h4, trend line was broken significantly, indicating that we at least need a breather from the downtrend.
But again, counter trend setups are much lower probability than trend setups. Just pointing out a possibility of a trade.
But of course I agree with your analysis, definitely some resistance to go through. That's why I would take off half of my position pretty fast and move stop to b/e. Watching PA is also important.
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  • #5,433
  • Mar 16, 2010 4:23pm Mar 16, 2010 4:23pm
Quoting shahroor
the last 2 candles on the daily doesnt look too good for a short
that's why I love these discussions here. People always see charts from different angles. Good point. The daily definitely indicates that price doesn't wanna go down for now. Price always wants to come back to that S/R level and not moving away from it (to the downside), which makes me think maybe price wants to breach through to the upside? But I could be wrong.
  • #5,434
  • Mar 16, 2010 5:29pm Mar 16, 2010 5:29pm
took a small position earlier on GBPNZD on M15 TF
looked like some momentum was building up post news
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  • #5,435
  • Mar 16, 2010 10:26pm Mar 16, 2010 10:26pm
Quoting Custos
similar thing with eur/gbp h1. also counter trend, but definitely worth a shot if PA is right. it already breached the h4 up-trendline.
I know I posted a lot of counter trend setups lately. Gonna try to stick more to the trending setups for this thread. Just thought maybe somebody is interested in counter trend setups as well.
I had an eureka moment today...now, i have crystal clarity about counter-trend trades. Not only that, it helps me in refining my PT for pro-trend trades.
  • #5,436
  • Mar 17, 2010 12:25am Mar 17, 2010 12:25am
Quoting Custos
similar thing with eur/gbp h1. also counter trend, but definitely worth a shot if PA is right. it already breached the h4 up-trendline.
I know I posted a lot of counter trend setups lately. Gonna try to stick more to the trending setups for this thread. Just thought maybe somebody is interested in counter trend setups as well.
I think CT trades are ok as long as one base them on good solid rule that creates probability. I have taken a few small ones myself.
  • #5,437
  • Mar 17, 2010 1:45am Mar 17, 2010 1:45am
Quoting EntropyLad
I had an eureka moment today...now, i have crystal clarity about counter-trend trades. Not only that, it helps me in refining my PT for pro-trend trades.
haha, what was the eureka moment? Anything you found out on the charts or anything I said?
  • #5,438
  • Mar 17, 2010 2:12am Mar 17, 2010 2:12am
EURNZD. h1. 1.9405. short. TT. Will also make a good, 1, 2,3/bpc later.

Also, paulette, EUR.NZD from 15th of march, D/H4 short fits into what you were talking about...as the D/H4 trades progresses, you can see two more opportunities of H1/15MINS SHORT along the way.
http://www.forexfactory.com/showthre...25#post3554125

http://www.forexfactory.com/showpost...postcount=5352


CUSTOS, I am afraid, i can tell you my eureka moment for a price of $200,000. Delivered in cash. Unmarked bills. At exactly 11pm, dark alley, under the bridge. I will be the tall, well built young man in fedora, receding from the shadows....
  • #5,439
  • Mar 17, 2010 2:25am Mar 17, 2010 2:25am
Quoting EntropyLad
EURNZD....
haha, already called my bank to put the dollars into a bag
  • #5,440
  • Mar 17, 2010 4:36am Mar 17, 2010 4:36am
I seem to experiment on small positions when bored !
look at the EURUSD H4, it has been retracing back up recently but now facing resistance on 61.8% fib level
previous resistance /swing high level
round number 1.3800
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