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Trend Trading All Pairs

  • #5,461
  • Mar 17, 2010 6:56am Mar 17, 2010 6:56am
Quoting Andy_G
I know this system is based around Hectors system, but I wondered if anyone incorporated candlestick patterns such as pin bars, inside bars etc.

Andy
Hi Andy,
This thread is really based around trends, not necessarily any particular method of trading the trends, but trends in general there are some people in this thread including myself that use the same method of trading the trends, and for the most part, those that do use the Hector method also variations of it.

There are a few traders out there that use candlestick formations, so the answer to your question is yes. Any way a person can trade the trend and get the job consistently done fits in this thread, it is not devoted to one particular method.

--NM
  • #5,462
  • Mar 17, 2010 6:59am Mar 17, 2010 6:59am
AUD/CAD too...the break of that daily pennant - TLC - will be glorious.

http://www.forexfactory.com/attachme...1&d=1268827108
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD.gif Size: 34 KB
  • #5,463
  • Mar 17, 2010 7:09am Mar 17, 2010 7:09am
Quoting EntropyLad
AUD/CAD too...the break of that daily pennant - TLC - will be glorious.
I have been eyeing that pair too, it is not a fast moving pair but it does make progress.

--NM
  • #5,464
  • Mar 17, 2010 7:21am Mar 17, 2010 7:21am
USDCAD nearing long term support.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly.jpg Size: 119 KB
  • #5,465
  • Mar 17, 2010 7:37am Mar 17, 2010 7:37am
Other candidates for TLC: daily charts.

NZD/CHF
USD/SGD
USD/JPY
GBP/CAD
EUR/CAD
AUD/USD

Quoting EntropyLad
AUD/CAD too...the break of that daily pennant - TLC - will be glorious.

http://www.forexfactory.com/attachme...1&d=1268827108
  • #5,466
  • Edited 8:24am Mar 17, 2010 7:49am | Edited 8:24am
This is starting to piss me off.....

First, it was EUR/NZD breaking out without a BPC to give me an entry:
http://www.forexfactory.com/showpost...postcount=5438

Then, it was AUD/NZD breaking out, without a BPC to give me entry before the next RN.
http://www.forexfactory.com/showpost...postcount=5451

Then, it is the EUR/AUD, without a BPC, just running off like that.
http://www.forexfactory.com/showpost...postcount=5460

All within the last 5 hours. darn squirrels!!

This is how i am feeling towards these....

http://www.premiere.com/var/ezflow_s...imagelarge.jpg



Quoting EntropyLad
EUR/AUD. D/H4. still forming. 1, 2, 3/bpc
  • #5,467
  • Mar 17, 2010 7:56am Mar 17, 2010 7:56am
Hi,
I also trade Hector system,

my trad today:
GBP / CHF; h4/h1, enter: Short 1.6031 sl: 1.6067 tp: 1.5915
10:30 gbp - important news

where I made a mistake?
Please comment.
Thanks,
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf-h1.gif Size: 33 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf-h4.gif Size: 29 KB

  • #5,468
  • Mar 17, 2010 8:19am Mar 17, 2010 8:19am
CAD/CHF daily/h4. good to keep an eye on...

DAILY CHART
http://www.forexfactory.com/attachme...1&d=1268831943



h4 TRIGGER CHART
http://www.forexfactory.com/attachme...1&d=1268831943
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADCHF daily chart.gif Size: 25 KB
Click to Enlarge Name: CADCHF h4triggerchart.gif Size: 34 KB
  • #5,469
  • Edited 8:29am Mar 17, 2010 8:22am | Edited 8:29am
http://www.forexfactory.com/showpost...postcount=5325

I'm just close my short on USD/CHF since last week for 146 pips.. EUR/USD only hit my TSL for 52 pips..

Edit: Attached is USD/CHF daily chart.. i think its good setup for long.
Attached Image (click to enlarge)
Click to Enlarge Name: Yunero_ Mar. 17, 2010_ 21.26.gif Size: 14 KB
Trend + S&R + RR =
  • #5,470
  • Mar 17, 2010 8:32am Mar 17, 2010 8:32am
Quoting Magnes
Hi,
I also trade Hector system,

my trad today:
GBP / CHF; h4/h1, enter: Short 1.6031 sl: 1.6067 tp: 1.5915
10:30 gbp - important news

where I made a mistake?
Please comment.
Thanks,
Attachment

Attachment
HI Magnes,
That GBPCHF pair is not in a reliable trend pattern imo, it is what I call a wild trend, and yes even though it is trending down, it is not really respecting any S/R levels with any consistency, I have been avoiding that pair because of that. And of course the news release just messed it up even more.

--NM
  • #5,471
  • Mar 17, 2010 8:40am Mar 17, 2010 8:40am
Quoting Magnes
Hi,
I also trade Hector system,

my trad today:
GBP / CHF; h4/h1, enter: Short 1.6031 sl: 1.6067 tp: 1.5915
10:30 gbp - important news

where I made a mistake?
Please comment.
Thanks,
Attachment

Attachment
The GBPCHF news comes in around 9:30am london time or (10:30am EUr TIME). No trade 2 hours before news. London open at 8am, frankfurst open at 7am LONDON TIME. You took the trade right before the news.

the BPC actually happened at asian open. 7pm US est time or 12am LOndon time. Not where you took the trade. I have tried pointing that out on the chart.

Asian price action tends to reverse itself or experience some correction around frankfurst/london open. london price action tends to experience some correction at U.S. open. It is good to keep this in mind when you take trades during asian SESSION or london session. You may experience correction to your gains as price gets 1hour or so before a new trading session opens/begins. Pick any chart today...take a look at the chart on 1hour or 30 or 15mins, you will likely see price action correction to any sustained trend around 1hour or less of a new TRADING SESSION. Of course, the higher the timeframe of the trade, the less this matters.

chart is attached below.

http://www.forexfactory.com/attachme...1&d=1268833132
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF.gif Size: 31 KB
  • #5,472
  • Mar 17, 2010 8:53am Mar 17, 2010 8:53am
Quoting EntropyLad
The GBPCHF news comes in around 9:30am london time or (10:30am EUr TIME). No trade 2 hours before news. London open at 8am, frankfurst open at 7am LONDON TIME. You took the trade right before the news.

the BPC actually happened at asian open. 7pm US est time or 12am LOndon time. Not where you took the trade. I have tried pointing that out on the chart.

Asian price action tends to reverse itself or experience some correction around frankfurst/london open. london price action tends to experience some correction at U.S. open. It is good to keep...
It is best to stay out of the market around news time Entropylad has stated. Take a look at the bars an hour or so before the news is released and notice the difference in the length of the bars you see they get smaller and smaller, and then as soon as the news is released "Bang" it can go all over the place big bars small bars, I noticed on your chart it has done it there too,those very small bars are telling you everyone is tip toeing to their targets, I try to be out of the market at least 1 hour before news time sometimes a couple hours before unless I have enough room where the news is not going to effect my position.

--NM
  • #5,473
  • Mar 17, 2010 8:54am Mar 17, 2010 8:54am
Quoting yunero
http://www.forexfactory.com/showpost...postcount=5325

I'm just close my short on USD/CHF since last week for 146 pips.. EUR/USD only hit my TSL for 52 pips..

Edit: Attached is USD/CHF daily chart.. i think its good setup for long.

Congrats - well done...

your TSL do you use a default or does it vary / pair?
  • #5,474
  • Mar 17, 2010 8:59am Mar 17, 2010 8:59am
Quoting yunero
http://www.forexfactory.com/showpost...postcount=5325

I'm just close my short on USD/CHF since last week for 146 pips.. EUR/USD only hit my TSL for 52 pips..

Edit: Attached is USD/CHF daily chart.. i think its good setup for long.
it does look like a very good setup
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_06 Mar. 17 13.58.gif Size: 22 KB
  • #5,475
  • Mar 17, 2010 9:06am Mar 17, 2010 9:06am
Quoting Paulette
Congrats - well done...

your TSL do you use a default or does it vary / pair?
Thanks

no, i move it manually to previous S&R level.. i hope you understand what i mean..
Trend + S&R + RR =
  • #5,476
  • Mar 17, 2010 9:08am Mar 17, 2010 9:08am
Quoting shahroor
it does look like a very good setup
Funny, i am planning to go short on USD/CHF. 1hour/15mins. chart attached. I will be interested in USD/CHF long at 1.0418 region. Oh yes, good work, yunero. Always impressive. Nice work too, shahroor, on your gbp/nzd trade.

1 HOUR SETUP CHART
http://www.forexfactory.com/attachme...1&d=1268834875


15MINS TRIGGER CHART
http://www.forexfactory.com/attachme...1&d=1268834875
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScreenHunter_12 Mar. 17 10.03.gif Size: 26 KB
Click to Enlarge Name: ScreenHunter_13 Mar. 17 10.05.gif Size: 28 KB
  • #5,477
  • Mar 17, 2010 9:13am Mar 17, 2010 9:13am
the GBPNZD trade paid off, banked my pips
  • #5,478
  • Mar 17, 2010 9:16am Mar 17, 2010 9:16am
Quoting EntropyLad
Funny, i am planning to go short on USD/CHF. 1hour/15mins. chart attached. I will be interested in USD/CHF long at 1.0418 region. Oh yes, good work, yunero. Always impressive. Nice work too, shahroor, on your gbp/nzd trade.

1 HOUR SETUP CHART
http://www.forexfactory.com/attachme...1&d=1268834875


15MINS TRIGGER CHART
http://www.forexfactory.com/attachme...1&d=1268834875
interesting to see you going short, why not wait for the long setup which might be safer IMO
good luck
  • #5,479
  • Mar 17, 2010 9:22am Mar 17, 2010 9:22am
Quoting yunero
http://www.forexfactory.com/showpost...postcount=5325

I'm just close my short on USD/CHF since last week for 146 pips.. EUR/USD only hit my TSL for 52 pips..

Edit: Attached is USD/CHF daily chart.. i think its good setup for long.
marvellous short.
if the U turn gets going, you will get 2 bags of 146 pips when you get up to the previous swing high on the D1
way to go
  • #5,480
  • Mar 17, 2010 9:28am Mar 17, 2010 9:28am
Quoting shahroor
interesting to see you going short, why not wait for the long setup which might be safer IMO
good luck
Here is my personal thinking: the daily USD/CHF had a TLC...as such, the only place to look for a LONG is the weekly chart. if the TLC happened on the H4, the only place to look for a long will be the DAILY. If the TLC happened on h1, the only place to look for long is H4. If the TLC happened on a weekly, the only place to look for LONG is MONTHLY.

That is my approach. To me, the TLC on daily USD/CHF is still intact until proven otherwise, i.e., there is a trendline break to the upside of h4 or daily. Which hasnt happened.

But i understand why you think being short USD/CHF at this level is risky. It just doesnt look like it to me.
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