Trend Trading All Pairs | Page 285 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading correlation pairs by using the other pairs 843 replies

28 Pairs Trading Panel (Multi-pairs) 0 replies

Export All pairs or selected pairs to .csv with script 3 replies

Daily Bar Analysis - All Pairs/All Welcome 15 replies

Trend Trading All Currency Pairs 3 replies

Attachments: Trend Trading All Pairs
Exit Attachments

Trend Trading All Pairs

  • #5,681
  • Mar 22, 2010 9:16am Mar 22, 2010 9:16am
Quoting Custos
haha, as long as you are profitable
EntropyLad, I came across evidence that Custos trade(d?) news too (EDIT: as in was a news trader, not blending news) ... So when are you taking up news trades?
  • #5,682
  • Mar 22, 2010 9:18am Mar 22, 2010 9:18am
Quoting NightMoves
Scalpng addiction, there are centers that can help you but as long as you are winning who cares, just keep gathering the pips..

--NM
Rationally you are right. Still working on the SL parameters though. It may also degrades my well-earned discipline on patience.

Anyways, anyways, back to trading...enough with the whining...

Quoting Paulette
EntropyLad, I came across evidence that Custos trade(d?) news too (EDIT: as in was a news trader, not blending news) ... So when are you taking up news trades?
Not in a million years. This is where i draw the line...the sniper and i part ways on this one...

ADDENDUM: paulette, how was your USD/CHF trade?
  • #5,683
  • Mar 22, 2010 9:29am Mar 22, 2010 9:29am
Quoting Paulette
EntropyLad, I came across evidence that Custos trade(d?) news too (EDIT: as in was a news trader, not blending news) ... So when are you taking up news trades?
haha, yeah, news are a dangerous thing. These days I don't like trading news that much, just sometimes, when it coincides with a technical setup
  • #5,684
  • Mar 22, 2010 9:29am Mar 22, 2010 9:29am
Quoting Entropy'
thanks, but small comfort.

Nailing almost to the pip all those reversal points today alone on NZD/USD( bullish 0.7000), EUR/USD(bullish 1.3471), gbp/jpy(bullish:134.00, bearish:134.97, bullish:134.60, ) doesnt help that much.

You poisoned my thought process with precision trades:trend and counter-trend.

Any liability incurred from overtrading will be surcharge to you, CUSTOS.... sign your soul below the fine print
haha, yeah, those freaking precision trades! haha soon you are gonna trade the 1 minute chart (let's hope not).
  • #5,685
  • Mar 22, 2010 9:36am Mar 22, 2010 9:36am
Quoting Entropy'
Rationally you are right. Still working on the SL parameters though. It may also degrades my well-earned discipline on patience.

Anyways, anyways, back to trading...enough with the whining...



Not in a million years. This is where i draw the line...the sniper and i part ways on this one...

ADDENDUM: paulette, how was your USD/CHF trade?
No +40 was it, then it took me out as I thought the retrace might be on its way - moves sl too just above RN and just as well - retraced all the way back up with a little interest and now looks like breaking down again...
  • #5,686
  • Edited 10:16am Mar 22, 2010 10:03am | Edited 10:16am
Hey, to those who trades GBP/NZD, shahroor and yunero, it seems our beloved GBP/NZD fails to make lower lows now....which means, a beak of that H4 trendline may spur a TLC.

Looking at the DAILY, you can see a solid HAMMER formation on 10th of march.

ADDENDUM: I know it is still far away, this means that 2.1704 is a potential short(barring news, and PA strength, etc. You know the drill).

H4
http://www.forexfactory.com/attachme...1&d=1269270121


DAILY

http://www.forexfactory.com/attachme...1&d=1269270121
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Mar. 22 10.59.gif Size: 30 KB
Click to Enlarge Name: ScreenHunter_03 Mar. 22 10.59.gif Size: 29 KB
  • #5,687
  • Mar 22, 2010 7:00pm Mar 22, 2010 7:00pm
Quoting NightMoves
The CADJPY has a very nice pin bar right at the daily horizontal resistance.

--NM
Nice call NM.

Time to short the retest of previous support, now resist...
  • #5,688
  • Mar 22, 2010 7:04pm Mar 22, 2010 7:04pm
Quoting yunero
emm.. PA is too fast.
trend + s+r

but whats RR stand for ?
  • #5,689
  • Mar 22, 2010 7:20pm Mar 22, 2010 7:20pm
Quoting swano
trend + s+r

but whats RR stand for ?
Risk Reward ratio..
Trend + S&R + RR =
  • #5,690
  • Edited 7:39pm Mar 22, 2010 7:27pm | Edited 7:39pm
BPC trade on GJ.. Hope it make new low today

Edit: same trade also on GBP/USD, AUD/USD, CHF/JPY
Attached Image (click to enlarge)
Click to Enlarge Name: Yunero_ Mar. 23, 2010_ 08.25.gif Size: 13 KB
Trend + S&R + RR =
  • #5,691
  • Mar 23, 2010 3:21am Mar 23, 2010 3:21am
Quoting yunero
BPC trade on GJ.. Hope it make new low today

Edit: same trade also on GBP/USD, AUD/USD, CHF/JPY
Locked some pips.. red news is coming..
Attached Image
Trend + S&R + RR =
  • #5,692
  • Edited 5:18am Mar 23, 2010 3:34am | Edited 5:18am
Quoting yunero
Locked some pips.. red news is coming..
Good, so have I, will news be able to flush it thru the 1.5 level? EDIT: Then there is also the CBI news to follow 90mins after the first red news tide... Lets see

UPDATE: GU: +45 and taken out... Will it stay below the 1.5 level, will only review this chart after the CBI news announcement

Tried EJ this morning, made a few (+5) taken out on retrace
  • #5,693
  • Mar 23, 2010 5:37am Mar 23, 2010 5:37am
Quoting Entropy'
Hey, to those who trades GBP/NZD, shahroor and yunero, it seems our beloved GBP/NZD fails to make lower lows now....which means, a beak of that H4 trendline may spur a TLC.

Looking at the DAILY, you can see a solid HAMMER formation on 10th of march.

ADDENDUM: I know it is still far away, this means that 2.1704 is a potential short(barring news, and PA strength, etc. You know the drill).

H4


DAILY
haha, I think you should stop creating new nicknames for yourself. Not that you get thrown out of the forexfactory forum.
  • #5,694
  • Mar 23, 2010 5:53am Mar 23, 2010 5:53am
Quoting Custos
haha, I think you should stop creating new nicknames for yourself. Not that you get thrown out of the forexfactory forum.

Now which is it - the Entropy or the E_Lad? Confusion rules...
  • #5,695
  • Mar 23, 2010 6:14am Mar 23, 2010 6:14am
Quoting Custos
haha, I think you should stop creating new nicknames for yourself. Not that you get thrown out of the forexfactory forum.
Entropy' = Entropylad

I missed short trade on GBP/NZD last night..
Trend + S&R + RR =
  • #5,696
  • Mar 23, 2010 1:48pm Mar 23, 2010 1:48pm
wow, really quiet today. where is everybody?

new idea/concept: adding positions.
Let's say we got a good touch trade in direction of the trend. Now it would be reasonable to assume that the trend continues.
By adding positions we can exploit the whole new swing to the downside.
What I wanna do here is to add position every certain number of pips (50 pips for example) depending on the time-frame and currency pair.
Several questions/problems arise here:
1. how to define this certain number of pips? Should we just set limit orders at each 50 pips for example?
2. what should be the position size for added positions in relation to our initial entry
3. Should we take off half at R:R 1:1 for each new position?
4. Should we trail our stops? if yes, what should the stop size be? manual or automatic trailing stop?
5. when should we stop adding positions?

So what do you guys think. Would appreciate any input.
I definitely feel sometimes that I could have profited more from a move, that's why I came up with that idea. I never tried it, nor tested it. Just wanna discuss it first a little before I jump into the cold water with that idea.
Attached Image (click to enlarge)
Click to Enlarge Name: example.gif Size: 20 KB
  • #5,697
  • Mar 23, 2010 2:48pm Mar 23, 2010 2:48pm
Quoting Custos
wow, really quiet today. where is everybody?

new idea/concept: adding positions.
Let's say we got a good touch trade in direction of the trend. Now it would be reasonable to assume that the trend continues.
By adding positions we can exploit the whole new swing to the downside.
What I wanna do here is to add position every certain number of pips (50 pips for example) depending on the time-frame and currency pair.
Several questions/problems arise here:
1. how to define this certain number of pips? Should we just set limit orders at each 50 pips...
Thats is kind of similar to the Matingale MM of trading, kind of risky imo but it can be very profitable as long the market keeps going you can make a boat load, but if it goes the other way the losses can add up in hurry.
--NM
  • #5,698
  • Mar 23, 2010 2:56pm Mar 23, 2010 2:56pm
MY EU since Thursday of last week has not moved much, I think it needs to retrace back to the 136.00 level before we see it head back down again, I was hoping it would do that today and then get going like it should, but does not look like it is going to make it. To that critical area.

--NM
  • #5,699
  • Mar 23, 2010 2:58pm Mar 23, 2010 2:58pm
Quoting Paulette
Now which is it - the Entropy or the E_Lad? Confusion rules...
I am just going to call him the The Big "E" or TBE for short...Hahahaha

--NM
  • #5,700
  • Mar 23, 2010 3:01pm Mar 23, 2010 3:01pm
Quoting Custos
wow, really quiet today. where is everybody?

new idea/concept: adding positions.
Let's say we got a good touch trade in direction of the trend. Now it would be reasonable to assume that the trend continues.
By adding positions we can exploit the whole new swing to the downside.
What I wanna do here is to add position every certain number of pips (50 pips for example) depending on the time-frame and currency pair.
Several questions/problems arise here:
1. how to define this certain number of pips? Should we just set limit orders at each 50 pips...
There are a few ways you can do this. I personally only do it in certain scenarios, which are very rare. You have to remember that each add will be in less-than-ideal areas. Also remember it requires a lot of trade monitoring when time can be spent better looking for new trades.
Personally I never trail the stop as you want your stop to be at a key area - i.e. the s/r point. Otherwise you have a good chance of getting chopped up. Instead, I treat each trade as being separate trade. I watch the position and will close or scale-out based on feel and chart screentime. Only do these on less size than your initial position, and set a max loss count in case some odd chop occurs.
You can also trail the stop like you said. Don't forget your max risk %, as you never want to break that.
6 traders viewing now