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Trend Trading All Pairs

  • #5,621
  • Mar 19, 2010 9:33am Mar 19, 2010 9:33am
Quoting trade price
i am in for a quick few pips
I think you will get a few pips on that too, I would watch it as it closes in on todays low, you might get a bounce, but then just scale it down and move your SL, and I think it could turn out to be a good profitable trade.

--NM
  • #5,622
  • Mar 19, 2010 9:33am Mar 19, 2010 9:33am
GJ & NU will break the trendline.. more bpc trade..
Trend + S&R + RR =
  • #5,623
  • Mar 19, 2010 9:35am Mar 19, 2010 9:35am
Quoting NightMoves
I think you will get a few pips on that too, I would watch it as it closes in on todays low, you might get a bounce, but then just scale it down and move your SL, and I think it could turn out to be a good profitable trade.

--NM
i am out now with good profit .
its near the demand level.
it might go down but i am out.methood is methood.
Attached Image (click to enlarge)
Click to Enlarge Name: trade3.gif Size: 16 KB
  • #5,624
  • Mar 19, 2010 9:41am Mar 19, 2010 9:41am
Quoting EntropyLad
Ha! that was fun! the danUk style SL(red dotted line on the chart) hasnt being triggered yet...it is at 1.5089. Well, we will see how the rest of friday goes and next week.
Well, my SL was triggered. At one point the trade was +30 pips in my favour but i didnt move to BE or offload, i was waiting for a +40 pips in my favour to do that. Hahaha.
it was countertrend trade, for sure. countertrend/danUK style
Anyways, made some nice gains in USD/CAD short. So, not soo bad.

Quoting A 5
Entropy
fabulous trade
my 2nd load close at 1.0070, i pip away
cheers
Gracias. may the pips be with you.
  • #5,625
  • Mar 19, 2010 9:41am Mar 19, 2010 9:41am
Quoting Pidgeon
This more the profit target that I would expect from a "Trend Trading" system. I'm just getting back into FFactory after a hiatus (it was blocked from work!) The system I use now has a 50 pip S/L and 200 pip profit target. From the trades I've seen on my charts, this is certainly doable when a pair is trending. But there are plenty of pairs (look at the yen the last 10 days) that don't go anywhere for awhile. My objective is to only trade what's trending, and allow for periods of relative quiet.

I'm also seeing a good opportunity on the GBP/USD...
It all depends on how you trade, if you trade the intraday trades then the targets of course will be smaller, if you trade longer term then your targets will be bigger, the method we use can be used eitherway, long term, medium term, or short term. The key with this method is locating the entry with a very small SL inplace, then the targets can be whatever your trading style allows.

For the most part anywhere from 50 pips and higher is the normal, all depends on the indivdual, we have trades from 30 pips to around 500 pips (Custos so far holds the 500 pip record hahaha) but really ride the trend as long as you can or want too.

--NM
  • #5,626
  • Mar 19, 2010 9:53am Mar 19, 2010 9:53am
Quoting EntropyLad
Well, my SL was triggered. At one point the trade was +30 pips in my favour but i didnt move to BE or offload, i was waiting for a +40 pips in my favour to do that. Hahaha.
it was countertrend trade, for sure. countertrend/danUK style
Anyways, made some nice gains in USD/CAD short. So, not soo bad.



Gracias. may the pips be with you.
Ya cant get them all, but you made good on the CAD so still a good day.

--NM
  • #5,627
  • Mar 19, 2010 10:02am Mar 19, 2010 10:02am
Quoting yunero
http://www.forexfactory.com/showpost...postcount=5516

I hope EU can make new low today..
I think if it gets down to the 1.3500 area it will retrace back some, BUT I also think it has quite a distance to fall yet, there is brush in the way if it can clear the top of that brush pile it could go for a distance yet. I am going to hang in there and ride it as far as I can.

--NM
  • #5,628
  • Mar 19, 2010 10:02am Mar 19, 2010 10:02am
I am interested in long NZD/USD at those TWO purple lines. This is a DanUK style trade. 0.7064 and 0.7043.

CHART attached.


http://www.forexfactory.com/attachme...1&d=1269010930
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_07 Mar. 19 10.57.gif Size: 39 KB
  • #5,629
  • Mar 19, 2010 10:06am Mar 19, 2010 10:06am
GU is also breaking the trend line...

--NM
  • #5,630
  • Mar 19, 2010 10:15am Mar 19, 2010 10:15am
Quoting EntropyLad
I am interested in long NZD/USD at those TWO purple lines. This is a DanUK style trade. 0.7064 and 0.7043.

CHART attached.

Thats too risky for me especially after looking at the daily and weekly charts but it may work out ok, I for a while anyway am going to stay clear of the pair.

--NM
  • #5,631
  • Mar 19, 2010 10:15am Mar 19, 2010 10:15am
Quoting NightMoves
It all depends on how you trade, if you trade the intraday trades then the targets of course will be smaller, if you trade longer term then your targets will be bigger, the method we use can be used eitherway, long term, medium term, or short term. The key with this method is locating the entry with a very small SL inplace, then the targets can be whatever your trading style allows.

For the most part anywhere from 50 pips and higher is the normal, all depends on the indivdual, we have trades from 30 pips to around 500 pips (Custos so far holds...
That was impressive trade by custos, but i think shahroor GBP/NZD short beats that...gbp/nzd moves on average +200 pips per day...so, you can understand. Holding it for two days trending will almost guarantee you +500 pips. A week trending, you are pushing +1000 pips.
  • #5,632
  • Mar 19, 2010 10:20am Mar 19, 2010 10:20am
Quoting NightMoves
Thats too risky for me especially after looking at the daily and weekly charts but it may work out ok, I for a while anyway am going to stay clear of the pair.

--NM
I understand your reaction, the momentum and your experience yesterday with the kiwi.
  • #5,633
  • Mar 19, 2010 10:21am Mar 19, 2010 10:21am
Quoting EntropyLad
That was impressive trade by custos, but i think shahroor GBP/NZD short beats that...gbp/nzd moves on average +200 pips per day...so, you can understand. Holding it for two days trending will almost guarantee you +500 pips. A week trending, you are pushing +1000 pips.
I was not aware it moved that much, I do not have that pair on my MT4 platform so thats a pair I have never traded. Those are the pairs I look to trade.

--NM
  • #5,634
  • Mar 19, 2010 10:32am Mar 19, 2010 10:32am
Quoting NightMoves
I was not aware it moved that much, I do not have that pair on my MT4 platform so thats a pair I have never traded. Those are the pairs I look to trade.

--NM
This is where we both took the trade.
http://www.forexfactory.com/showpost...postcount=5285
that was 2.1600...now it is at 2.1200 = +400 pips. Unfortunately, i didnt hold that long.....

Keep in mind, she has been in it a week before that....i think around 2.1900 or 2.1850 area or something.

So, i can only imagine how many pips she has accumulated on GBP/NZD.

yunero made + 600 pips
http://www.forexfactory.com/showpost...postcount=5199
.
http://cdn.forexfactory.com/attachme...0&d=1267758978
.
Obviously, he is a fool(like me) for not holding through this week. hahaha.
.
  • #5,635
  • Mar 19, 2010 10:37am Mar 19, 2010 10:37am
Quoting EntropyLad
This is where we both took the trade.
http://www.forexfactory.com/showpost...postcount=5285
that was 2.1600...now it is at 2.1200 = +400 pips. Unfortunately, i didnt hold that long.....

Keep in mind, she has been in it a week before that....i think around 2.1900 or 2.1850 area or something.

So, i can only imagine how many pips she has accumulated on GBP/NZD.

yunero made + 600 pips
http://www.forexfactory.com/showpost...postcount=5199
.
.
Those are the kinds of pairs you like to see trending because you can ride those a long way. I have that pair on my trading platform but not on my MT4 platform, I could use MIG but I get way too many gaps and bad data feeds from them. And the FXCM MT4 disconnects alot on me so I dont use that one much either.

--NM
  • #5,636
  • Mar 19, 2010 10:41am Mar 19, 2010 10:41am
Quoting EntropyLad
This is where we both took the trade.
http://www.forexfactory.com/showpost...postcount=5285
that was 2.1600...now it is at 2.1200 = +400 pips. Unfortunately, i didnt hold that long.....

Keep in mind, she has been in it a week before that....i think around 2.1900 or 2.1850 area or something.

So, i can only imagine how many pips she has accumulated on GBP/NZD.

yunero made + 600 pips
http://www.forexfactory.com/showpost...postcount=5199
.
http://cdn.forexfactory.com/attachme...0&d=1267758978
.
Obviously,...
I just looked on my trading patform and the spread is around 14 pips and as high as 20 pips, Hahahaha...wow..

--NM
  • #5,637
  • Mar 19, 2010 10:42am Mar 19, 2010 10:42am
Quoting NightMoves
Those are the kinds of pairs you like to see trending because you can ride those a long way. I have that pair on my trading platform but not on my MT4 platform, I could use MIG but I get way too many gaps and bad data feeds from them. And the FXCM MT4 disconnects alot on me so I dont use that one much either.

--NM
The spread is large though: around 15 to 20 pips. So, definitely, you cant trade it on anything less than D/H4. well, i guess you can try H4/H1, but for what? when you can simply trade long time frame an accumulate the pips like crazy.


Quoting NightMoves
I just looked on my trading patform and the spread is around 14 pips and as high as 20 pips, Hahahaha...wow..

--NM
Well, is that a problem if you are trading D/H4 and above?
  • #5,638
  • Mar 19, 2010 10:51am Mar 19, 2010 10:51am
Quoting EntropyLad
The spread is large though: around 15 to 20 pips. So, definitely, you cant trade it on anything less than D/H4. well, i guess you can try H4/H1, but for what? when you can simply trade long time frame an accumulate the pips like crazy.




Well, is that a problem if you are trading D/H4 and above?
I have a steadfast rule ntohing over 7 pips, but then again most of the pairs I have been trading move around 145 pips, what is the ADR on the GBPNZD?

--NM
  • #5,639
  • Mar 19, 2010 11:00am Mar 19, 2010 11:00am
Well, my NZD/USD trade is up by +20pips. Since the RN of 0.7100 is right in front....and i didnt quite enjoy the experience of being in profit by +30 pips on gbp/usd only to turn it into a loss. I think, i will B/E this trade by selling 1/2 and adjusting the SL. It is friday...gaps could happen over the weekend too. Better safe than sorry.

Quoting EntropyLad
I am interested in long NZD/USD at those TWO purple lines. This is a DanUK style trade. 0.7064 and 0.7043.

CHART attached.


http://www.forexfactory.com/attachme...1&d=1269010930
Quoting NightMoves
Thats too risky for me especially after looking at the daily and weekly charts but it may work out ok, I for a while anyway am going to stay clear of the pair.

--NM
  • #5,640
  • Mar 19, 2010 11:03am Mar 19, 2010 11:03am
Quoting NightMoves
I have a steadfast rule ntohing over 7 pips, but then again most of the pairs I have been trading move around 145 pips, what is the ADR on the GBPNZD?

--NM
I get the hector 7 pips spread rule if you are trading H4/H1 or H1/15mins...not sure if it matters when you are at D/H4 or Weekly/D1. But each to his/her own.

The ADR on gbp/nzd is 212 currently, i have never seen it below 200 pips before.
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