Trend Trading All Pairs | Page 312 | 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

  • #6,221
  • Apr 7, 2010 4:44am Apr 7, 2010 4:44am
Quoting NightMoves
Here is my plan of attack on the GJ...

--NM
very good plan of attack. Most jpy crosses are setting up for a short. PA is confirming that by violent moves to the downside. This week has anyways been very extraordinary.
By the way, I stopped using targets now. The result is just incredible, if you keep adding during a trend and just trail your stop behind each S/R level. Maybe you guys wanna check that out by yourself too.
Maybe I am just lucky these days, who knows.
  • #6,222
  • Apr 7, 2010 4:46am Apr 7, 2010 4:46am
Quoting Custos
very good plan of attack. Most jpy crosses are setting up for a short. PA is confirming that by violent moves to the downside. This week has anyways been very extraordinary.
By the way, I stopped using targets now. The result is just incredible, if you keep adding during a trend and just trail your stop behind each S/R level. Maybe you guys wanna check that out by yourself too.
Maybe I am just lucky these days, who knows.
It has to be luck, because it seems the more I do this the luckier I get.....Hahahaha

--NM
  • #6,223
  • Apr 7, 2010 4:49am Apr 7, 2010 4:49am
Quoting NightMoves
It has to be luck, because it seems the more I do this the luckier I get.....Hahahaha

--NM
haha, so we don't wanna be consistently profitable, but consistently lucky
  • #6,224
  • Apr 7, 2010 4:53am Apr 7, 2010 4:53am
Quoting Custos
haha, so we don't wanna be consistently profitable, but consistently lucky
Hahaha they both work...

--NM
  • #6,225
  • Apr 7, 2010 4:58am Apr 7, 2010 4:58am
Quoting Custos
very good plan of attack. Most jpy crosses are setting up for a short. PA is confirming that by violent moves to the downside. This week has anyways been very extraordinary.
By the way, I stopped using targets now. The result is just incredible, if you keep adding during a trend and just trail your stop behind each S/R level. Maybe you guys wanna check that out by yourself too.
Maybe I am just lucky these days, who knows.
Hi Custos

Please elaborate on "stopped using targets"



I only use a 20% take-off/take-out when I move my SL to BE after # pips = to SL...

Thereafter I "trail" my SL on S/R levels (including RN's & Fib levels), which means retracements take me out of trades.

I am not adding to positions as yet - will demo first
  • #6,226
  • Apr 7, 2010 4:59am Apr 7, 2010 4:59am
Quoting Custos
very good plan of attack. Most jpy crosses are setting up for a short. PA is confirming that by violent moves to the downside. This week has anyways been very extraordinary.
By the way, I stopped using targets now. The result is just incredible, if you keep adding during a trend and just trail your stop behind each S/R level. Maybe you guys wanna check that out by yourself too.
Maybe I am just lucky these days, who knows.
Hmmm thats a good plan but not possible here, I tried that and because the FIFO when I add to it closes the first position and gives me a new one right where I entered so I am not sure its possible here. I need to experiment with linking a little more to see if I can do that. I should open a demo account with my broker and play with it and see just what I can and cannot do with it.

--NM
  • #6,227
  • Apr 7, 2010 5:02am Apr 7, 2010 5:02am
Quoting NightMoves
Hahaha they both work...

--NM
Luck or High Probability? I take higher probability, luck tends to run out...

There is a saying: "you need to be the casino owner, turning the probability into your favor" that is where I see us heading...

hahaha forget all of that, just make pips, keep pips, repeat and then
  • #6,228
  • Apr 7, 2010 5:04am Apr 7, 2010 5:04am
Quoting NightMoves
Hmmm thats a good plan but not possible here, I tried that and because the FIFO when I add to it closes the first position and gives me a new one right where I entered so I am not sure its possible here. I need to experiment with linking a little more to see if I can do that. I should open a demo account with my broker and play with it and see just what I can and cannot do with it.

--NM

Try opening a demo with a broker in Europe where FIFO does not apply - ask Custos for some tips on which one....
  • #6,229
  • Apr 7, 2010 5:08am Apr 7, 2010 5:08am
Quoting Paulette
Try opening a demo with a broker in Europe where FIFO does not apply - ask Custos for some tips on which one....
I can open a demo from a UK broker but that wont really help because my live account is in the US, so I will need to trade using those rules I can get a demo account on the same platform my live account is on so I can play with it a little.

--NM
  • #6,230
  • Apr 7, 2010 5:10am Apr 7, 2010 5:10am
Well, as you maybe know I used to first take off half at R:R 1:1 and then use the extension of the swing as a target. Right now I don't have any of those targets anymore. I just move stop to b/e as fast as possible and let the trade run until the trend is over. For example if we have a trend on the hourly chart I will add on each retracement and move my SL behind the hourly trendline and/or and obvious S/R level, which price shouldn't break through. Once price breaks one of the really obvious S/R leves or the trendline, I will liquidate all positions. Also with this strategy of adding to positions I now limit my position size to 1% on each trade. Allows me to diversify risk over several trades, but still profit from each and every move in direction of the trend.
Attached is an example of what I mean. I will just add on each retracement, and stop it out when it breaches my TL and/or S/R level. That's kind of discretionary. Also on the last trade fast PA at the retrace will warn me normally in advance that the trend will probably discontinue. So I won't add again.

Hope that helps
Quoting Paulette
Hi Custos

Please elaborate on "stopped using targets"



I only use a 20% take-off/take-out when I move my SL to BE after # pips = to SL...

Thereafter I "trail" my SL on S/R levels (including RN's & Fib levels), which means retracements take me out of trades.

I am not adding to positions as yet - will demo first
Attached Image (click to enlarge)
Click to Enlarge Name: example.gif Size: 7 KB
  • #6,231
  • Apr 7, 2010 5:12am Apr 7, 2010 5:12am
Quoting Paulette
Try opening a demo with a broker in Europe where FIFO does not apply - ask Custos for some tips on which one....
I am actually with mbtrading, which is a US broker I think. Never had problems you guys experience before. But maybe since I am european they put me in a different class of accounts where those FIFO rules don't apply?
  • #6,232
  • Apr 7, 2010 5:20am Apr 7, 2010 5:20am
Quoting Custos
I am actually with mbtrading, which is a US broker I think. Never had problems you guys experience before. But maybe since I am european they put me in a different class of accounts where those FIFO rules don't apply?
Yes the FIFO rules are US only theys just started that not long ago...

--NM
  • #6,233
  • Apr 7, 2010 5:47am Apr 7, 2010 5:47am
Quoting Paulette
Hi Custos

Please elaborate on "stopped using targets"



I only use a 20% take-off/take-out when I move my SL to BE after # pips = to SL...

Thereafter I "trail" my SL on S/R levels (including RN's & Fib levels), which means retracements take me out of trades.

I am not adding to positions as yet - will demo first

Would someone please explain how I can take money out of a trade when using spread betting eg.. with IGIndex? I have no way of being able to adjust the original stake but can move the stop.

Do I need to to use a different provider? Tha main reason I use spead betting is because in UK it is tax free

Many thanks
  • #6,234
  • Apr 7, 2010 5:51am Apr 7, 2010 5:51am
Quoting Custos
Well, as you maybe know I used to first take off half at R:R 1:1 and then use the extension of the swing as a target. Right now I don't have any of those targets anymore. I just move stop to b/e as fast as possible and let the trade run until the trend is over. For example if we have a trend on the hourly chart I will add on each retracement and move my SL behind the hourly trendline and/or and obvious S/R level, which price shouldn't break through. Once price breaks one of the really obvious S/R leves or the trendline, I will liquidate all positions....
I've got it, thanks, will monitor my current trade this way and old way - lets see what happens
  • #6,235
  • Apr 7, 2010 6:24am Apr 7, 2010 6:24am
Quoting bluemosaic
Would someone please explain how I can take money out of a trade when using spread betting eg.. with IGIndex? I have no way of being able to adjust the original stake but can move the stop.

Do I need to to use a different provider? Tha main reason I use spead betting is because in UK it is tax free

Many thanks

To take out from your original stake, all you need to do on IGIndex is right click on your trade, edit and then amend amount/pt...
  • #6,236
  • Edited 1:23pm Apr 7, 2010 6:25am | Edited 1:23pm
Quoting Paulette
To take out from your original stake, all you need to do on IGIndex is right click on your trade, edit and then amend amount/pt...
Thanks for your quick reply Paulette,

Is that using IGIndex spread betting?
I have not seen this functionality - will search again this evening though!

Cheers
  • #6,237
  • Apr 7, 2010 12:28pm Apr 7, 2010 12:28pm
GU setting up for a breakdown, this morning's uptrend cracking, waiting for the 1hr close below 1.525.
  • #6,238
  • Apr 7, 2010 11:18pm Apr 7, 2010 11:18pm
Quoting sam0182
GU setting up for a breakdown, this morning's uptrend cracking, waiting for the 1hr close below 1.525.

Not sure I like the GU setup, if you look at daily level there are now 2 pin bars - I would consider these PA indicators as warning signals for now.
  • #6,239
  • Apr 7, 2010 11:41pm Apr 7, 2010 11:41pm
Wow some fast PA on the Euro Zone open - need b-p-c to enter with the trend for some LOB-like action.

EUR/JPY
EUR/USD
GBP/JPY
GBP/USD - I am cautions of the pinbars on day level
  • #6,240
  • Apr 7, 2010 11:59pm Apr 7, 2010 11:59pm
Quoting Paulette
Wow some fast PA on the Euro Zone open - need b-p-c to enter with the trend for some LOB-like action.

EUR/JPY
EUR/USD
GBP/JPY
GBP/USD - I am cautions of the pinbars on day level
Good pairs! yeah and I would ditch the gbp/usd for the moment. It's kind of directionless.
1 trader viewing now