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Trend Trading All Pairs

  • #6,061
  • Mar 30, 2010 11:03am Mar 30, 2010 11:03am
Quoting Kanderpro
Hello Custos,
FXCM were not helpful in explaining how I can post a snapshot of one of their charts on to FF.
Which company do you use for your charts?
Kan
I am using the metatrader platform for my charts, just check out a few. I am right now using the mbtrading metatrader platfrom. But there are so many out there, just try some and take the best one.
  • #6,062
  • Mar 30, 2010 11:05am Mar 30, 2010 11:05am
Quoting NightMoves
The bounce of the 134.00 RN it always bounces around those RN's.

--NM
oh i see!

i was boiling oatmeal and getting ready for class and talking to my girlfriend my mind wasn't in one place lol

i really need to find the right place to focus.
  • #6,063
  • Mar 30, 2010 12:33pm Mar 30, 2010 12:33pm
Hi All,

I wanted to check on the setup. Is the "P" in this picture enough?

Thanks
BR
Attached Image (click to enlarge)
Click to Enlarge Name: EU1.png Size: 51 KB
  • #6,064
  • Mar 30, 2010 12:44pm Mar 30, 2010 12:44pm
Quoting Big1red9
Hi All,

I wanted to check on the setup. Is the "P" in this picture enough?

Thanks
BR
i have a short limit order at 1.3389 sl @ 1.3431
  • #6,065
  • Mar 30, 2010 2:04pm Mar 30, 2010 2:04pm
hmm

is that low still our trigger?

hmm
Attached Image
  • #6,066
  • Mar 30, 2010 2:06pm Mar 30, 2010 2:06pm
this is what that spot looks like on the hourly
Attached Image
  • #6,067
  • Mar 30, 2010 3:26pm Mar 30, 2010 3:26pm
Quoting Big1red9
Hi All,

I wanted to check on the setup. Is the "P" in this picture enough?

Thanks
BR
Sorry about the delay I just got home, I am going to treat this a normal range breakout at this point. I am going to use the 1.3400 as the lower channel of the range.

--NM
  • #6,068
  • Mar 30, 2010 3:26pm Mar 30, 2010 3:26pm
Hi Frankkn,

Wanted to make sure I am getting a handle on the multiple bar pullback portion of the setup.

Thanks,
BR

Quoting frankkn
i have a short limit order at 1.3389 sl @ 1.3431
  • #6,069
  • Mar 30, 2010 3:28pm Mar 30, 2010 3:28pm
Quoting frankkn
hmm

is that low still our trigger?

hmm
Yes it is, but seeing as how it in a range I am going to treat it like a normal range breakout in the direction of the trend, if it breaks upside then I will scratch the whole setup.

--NM
  • #6,070
  • Mar 30, 2010 3:32pm Mar 30, 2010 3:32pm
Quoting Big1red9
Hi Frankkn,

Wanted to make sure I am getting a handle on the multiple bar pullback portion of the setup.

Thanks,
BR
The way I look at the pullback is if I am using the hourly chart as my trigger then usually a 1 bar pullback is enough, if I am on the 15 minute trigger then I like to see at least 2 bars no more than 5. If I get more than 5 bars when using the 15 minute then I will revisit the whole setup.
--NM
  • #6,071
  • Mar 30, 2010 3:36pm Mar 30, 2010 3:36pm
The EURAUD just does not want to stop, and I say keep going, Maybe I will be in this until the end of the year...Hahahaha

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: H1.png Size: 20 KB
  • #6,072
  • Mar 30, 2010 3:48pm Mar 30, 2010 3:48pm
Look at the pin bar on the GBPJPY H4.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Big 4 hour pin bar.png Size: 30 KB
  • #6,073
  • Mar 30, 2010 4:58pm Mar 30, 2010 4:58pm

http://lh3.ggpht.com/_WdCVNN-NiCg/S7...png?imgmax=800

It was an exciting day for EURUSD.Let’s look at 4Hour Chart of EURUSD.EURUSD has touched my Fibonacci 50.0 level – 1.3542(between the highest level 1.3817 and the lowest level 1.3266)and started dropping (the bigger purple circle),we can it very clearly from the picture at above.4H Chart formed a long tail then the second candlestick had a bearish signal,which gave us a first signal for bearish of EURUSD.Next,we look at the bottom MACD Indicator,we see a red pointing down arrow(at the top of “TC” word) which is another bearish signal of my MACD indicator. 4 hours later,another Strong bearish came out again,75 pips has dropped,which give me a strong signal to short the EURUSD. If you look at the bottom purple circle,you can see that,MACD will further go down below the 0 line,which mean,the uptrend has finished and downtrend is taking over,we will see MACD move further down.

In order to provide me more reasons to short EURUSD,I looked at the Daily Chart to confirm my trade.Let’s look at the Daily Chart at below.

http://lh5.ggpht.com/_WdCVNN-NiCg/S7...png?imgmax=800

Well,the latest black candlestick is the current candlestick that I’m looking at,a strong black candlestick *(bearish engulfing) has formed and MACD Indicator (at the bottom with number “3” there),has formed a TC (Trend Continuous) signal,which mean. However,the candlestick has not closed yet, therefore,we will wait and see the daily candlestick close to confirm the downtrend,and I will make another short position for the upcoming downtrend,which I estimate that the EURUSD will drop to 1.3122 and 300pips will be the estimate pips we will gain.


*Bearish engulfing is a candlestick pattern name. If you’d like to know more about candlestick study,please refer to Japanese Candlestick Charting Techniques,Second Edition by Steve Nison , or Beyond Candlesticks: New Japanese Charting Techniques Revealed by Steve Nison , it will mention a lot of techniques about candlestick.

Hope all these will help you!
Cheers
Charles BY

  • #6,074
  • Mar 30, 2010 5:06pm Mar 30, 2010 5:06pm
Quoting booyu



[left]It was an exciting day for EURUSD.Let’s look at 4Hour Chart of EURUSD.EURUSD has touched my Fibonacci 50.0 level – 1.3542(between the highest level 1.3817 and the lowest level 1.3266)and started dropping (the bigger purple circle),we can it very clearly from the picture at above.4H Chart formed a long tail...
HI Charles,
Thanks for the update, I do not think your going to see much more movement from this pair until after the NFP comes out, from there it should head down nicely if all goes well.

--NM
  • #6,075
  • Mar 30, 2010 5:20pm Mar 30, 2010 5:20pm
GU seems to be getting there.

Is where price touched the trendline... the 1 touch trade?


Thanks
BR
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 111 KB
  • #6,076
  • Mar 30, 2010 5:31pm Mar 30, 2010 5:31pm
I dont know if anyone is paying attention to the CJ pair, but it has broke out of the range it has been in to the upside on the daily, the range itself has been steadily climbing higher, it is now retesting the range top from above which is acting as support now. If this continues it could be around 400 pips before the next level of resistance. Just thought I would mention it.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Range Break.png Size: 26 KB
  • #6,077
  • Mar 30, 2010 6:10pm Mar 30, 2010 6:10pm
Thanks for the heads up.

Been watching it on a 4hr - Going to give it some room as I see the penetration as a tease at this point and not decisive.

BR


Quoting NightMoves
I dont know if anyone is paying attention to the CJ pair, but it has broke out of the range it has been in to the upside on the daily, the range itself has been steadily climbing higher, it is now retesting the range top from above which is acting as support now. If this continues it could be around 400 pips before the next level of resistance. Just thought I would mention it.

--NM
  • #6,078
  • Mar 30, 2010 6:19pm Mar 30, 2010 6:19pm
Quoting Big1red9
Thanks for the heads up.

Been watching it on a 4hr - Going to give it some room as I see the penetration as a tease at this point and not decisive.

BR
Yep exactly, but I wanted to give a heads up that it could be headed for a pretty big move, there seems to be some Yen weakness across the board.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Yen weakness across the board.png Size: 4 KB
  • #6,079
  • Mar 30, 2010 10:19pm Mar 30, 2010 10:19pm
Seems like I am going to hate myself no matter what I do.

I can't yet let go of this short. Am I deluding myself?

Thanks,
BR
Attached Image (click to enlarge)
Click to Enlarge Name: cj2.png Size: 64 KB
  • #6,080
  • Mar 30, 2010 10:59pm Mar 30, 2010 10:59pm
Quoting Big1red9
Seems like I am going to hate myself no matter what I do.

I can't yet let go of this short. Am I deluding myself?

Thanks,
BR
I think it may be too bearish on the JPY to hold on
just my personal opinion.
i know it's a hard call to make . . .
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