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Trend Trading All Pairs

  • #6,401
  • Apr 21, 2010 3:14pm Apr 21, 2010 3:14pm
Quoting Andy_G
Where has everyone gone???
yeah, thread has been quite dead lately. Probably everybody is busy trading? hehe.
Let's see maybe it get's more active again in future.
  • #6,402
  • Apr 21, 2010 4:24pm Apr 21, 2010 4:24pm
Quoting Custos
yeah, thread has been quite dead lately. Probably everybody is busy trading? hehe.
Let's see maybe it get's more active again in future.
Hi Custos,
I agree ... this thread has slowed down quite a bit ...some of the regular contributors are missing as well ... i think its cyclical ...NM appears to be busy with his projects ...I havent been able to place a single trade in the last month or more, as i am stuck in my personal and office challenges... but i am very keen to start contributing again asap (i am reading the posts quite regularly) ...this gives a sense of connection with other traders otherwise i would feel bored.
I was wondering if you trade any other market than FX? Also can you share your experience on transition from full time job to become a full timetrader? I am finding it very challenging to moniotor & execute trades with full time job and family matters? How long it took you to start full time trading? how did you manage it.?

Thanks in advance
  • #6,403
  • Apr 21, 2010 8:26pm Apr 21, 2010 8:26pm
Quoting Custos
yeah, thread has been quite dead lately. Probably everybody is busy trading? hehe.
Let's see maybe it get's more active again in future.
HI guys,
I see the thread has slowed down some, I have been buried in some of these projects, but hopefully soon I can get back out here regularly. I still have been trading when I get an opportunity.

--NM
  • #6,404
  • Apr 21, 2010 10:02pm Apr 21, 2010 10:02pm
Quoting NightMoves
Ok here is a recap of the entry position:

1) Spot a vali d trend as per the rules.
2) Find the level of strongest Confluence support/resistance where a new swing may spring from.
3) Wait for a retrace to that level.
4) Zoom into shorter time frames.
5)[color=black] Read what price does at that...
I have been reading through your strategy, very good writeup indeed.
what do you mean by "Confluence" in this line:
2) Find the level of strongest Confluence support/resistance where a new swing may spring from.
  • #6,405
  • Apr 21, 2010 10:36pm Apr 21, 2010 10:36pm
Quoting Custos
hm, it is kind of getting going. You just have to read some market signs. Weekly, definitely down. Daily is up, h4 down, h1 down.
Now three times down against one side up is pretty down in my opinion. Of course we can't be sure until the daily is also down biased. But I am already betting a bit of money on a downtrend continuation. Let's see if it pays off or not.

that is the eur/jpy we talk about here
OK, but keep in mind that this EUR / JPY trend is not well defined, the week has been in range and it seems that the BPC is doing to continue to fall, what I mean is that there is a clear entry as required by this method of business.

excuse my English
regards.
  • #6,406
  • Apr 22, 2010 12:07am Apr 22, 2010 12:07am
Quoting MktScape
Hi Custos,
I agree ... this thread has slowed down quite a bit ...some of the regular contributors are missing as well ... i think its cyclical ...NM appears to be busy with his projects ...I havent been able to place a single trade in the last month or more, as i am stuck in my personal and office challenges... but i am very keen to start contributing again asap (i am reading the posts quite regularly) ...this gives a sense of connection with other traders otherwise i would feel bored.
I was wondering if you trade any other market than FX? Also...
for trading I am basically only in fx. Gives the highest leverage and the best ROI. Yeah, it was kind of difficult with a full time job. I was lucky that I could also trade at work (when nobody was looking). Anyways, I would wake up half an hour earlier and look for potential setups and cancel all the other charts. Now maybe on one day there are maybe 3 to 5 pairs triggering according to hector's method. So monitoring has not been as challenging.

But, I would recommend either doing that as described above or find a trend and enter on retraces near S/R levels. With that strategy you can just go over your charts in the morning and then set limit orders, which are to be triggered during the day. Then you just have to commit half an hour during the day to punch the limit orders in. And don't have to monitor the trades the whole day long.

hope that helps
cheers
  • #6,407
  • Apr 22, 2010 12:21am Apr 22, 2010 12:21am
Quoting cerevante
I have been reading through your strategy, very good writeup indeed.
what do you mean by "Confluence" in this line:
2) Find the level of strongest Confluence support/resistance where a new swing may spring from.
confluence means that you are looking for more than one S/R factor.
You want to have a trendline nearby, a horizontal S/R level, a round number, maybe a counter trendline, a fib number and so on. This is called confluence if more than one factor is making price bounce again.

cheers
  • #6,408
  • Apr 22, 2010 12:26am Apr 22, 2010 12:26am
Quoting sistecno
OK, but keep in mind that this EUR / JPY trend is not well defined, the week has been in range and it seems that the BPC is doing to continue to fall, what I mean is that there is a clear entry as required by this method of business.

excuse my English
regards.
well good thing that I don't exclusively trade this method and can also enter on less defined trends.
45 pips in profit, trailed stop.

cheers
  • #6,409
  • Apr 22, 2010 7:23am Apr 22, 2010 7:23am
Guys,

having had an "out of trade office" week mostly, I took 2 trades on limit orders:

yesterday: EUR/USD sell @ 1.3425 +25 @1% stake, SL 25 - breaking below prev day low down to RN level

today: EUR/USD sell @ 1.3370 +35 @1% stake, SL 35 - breaking below asian low down to S/R level

Personally I like to be on the side of the higher TF's bias...

From next week the focus will be back on trading during UK / US sessions. Fortunately both worked out.

Trade safe and keep 'em pips green...
  • #6,410
  • Apr 22, 2010 7:35am Apr 22, 2010 7:35am
Quoting Paulette
Hi

Looks like EJ is working itself into a POP situation again, forming a wedge... Possibly next week we'll see a POP going down/up again...

Pssttttt: Custos, see these naked charts... - growth...
attaching chart now... toooo fast for my own good
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 258 KB
  • #6,411
  • Apr 22, 2010 7:36am Apr 22, 2010 7:36am
Quoting Custos
well good thing that I don't exclusively trade this method and can also enter on less defined trends.
45 pips in profit, trailed stop.

cheers
experience showing... well done Custos
  • #6,412
  • Apr 22, 2010 11:38am Apr 22, 2010 11:38am
Quoting Custos
well good thing that I don't exclusively trade this method and can also enter on less defined trends.
45 pips in profit, trailed stop.

cheers
AHH..well, I thought we were working on this issue based on this method originally showed NightMoves. Congratulations, you want to share the method as you won the 45 pips.


Saludos.

sorry for my English
  • #6,413
  • Apr 22, 2010 12:26pm Apr 22, 2010 12:26pm
Quoting sistecno
AHH..well, I thought we were working on this issue based on this method originally showed NightMoves. Congratulations, you want to share the method as you won the 45 pips.


Saludos.

sorry for my English
Hi Saludos

not exclusively NM's method - but mostly... Don't apologize for your English, not everyone here is English first language, we all get the drift anyway...

Trade safe
P
  • #6,414
  • Apr 22, 2010 2:00pm Apr 22, 2010 2:00pm
Quoting sistecno
AHH..well, I thought we were working on this issue based on this method originally showed NightMoves. Congratulations, you want to share the method as you won the 45 pips.


Saludos.

sorry for my English
well, this is a thread concerning trend trading, not only the system originally posted.
I actually discussed my system in one of the recent posts, so just search the thread, you will find how I trade.

cheers.
  • #6,415
  • Apr 22, 2010 5:56pm Apr 22, 2010 5:56pm
Quoting Paulette
Hi Saludos
not exclusively NM's method - but mostly... Don't apologize for your English, not everyone here is English first language, we all get the drift anyway...
Trade safe
thanks for the clarification.

Quoting Custos
well, this is a thread concerning trend trading, not only the system originally posted.
I actually discussed my system in one of the recent posts, so just search the thread, you will find how I trade.

cheers.
Ahh .. ok seeketh and put some more knowledge to my head

Saludos.
  • #6,416
  • Apr 23, 2010 1:02am Apr 23, 2010 1:02am
Morning all,

interesting some pairs : EU, EA, EC, AC, UC, CJ, CC, UC, AJ all seems ready to move on from recent S/R levels breaking into new territory for 2010... lets see if retests of these bottoms/tops will mature into favorable trends next week...

Safe trading
P
  • #6,417
  • Apr 23, 2010 1:31am Apr 23, 2010 1:31am
Quoting Paulette
attaching chart now... toooo fast for my own good
EJ is knocking on that Support, lets see if she gives us a break and a b-p-c
  • #6,418
  • Apr 23, 2010 2:08am Apr 23, 2010 2:08am
Quoting Paulette
Morning all,

interesting some pairs : EU, EA, EC, AC, UC, CJ, CC, UC, AJ all seems ready to move on from recent S/R levels breaking into new territory for 2010... lets see if retests of these bottoms/tops will mature into favorable trends next week...

Safe trading
P
i agree the past two weeks was boring hopefully next week will give us good trends
  • #6,419
  • Apr 23, 2010 2:38am Apr 23, 2010 2:38am
Quoting piyeree
i agree the past two weeks was boring hopefully next week will give us good trends
did I miss something? eur/usd, eur/gbp, eur/aud, cad/chf, eur/cad have been trending incredibly the last week.

no idea what you guys talk about.
  • #6,420
  • Apr 23, 2010 2:43am Apr 23, 2010 2:43am
Quoting Custos
did I miss something? eur/usd, eur/gbp, eur/aud, cad/chf, eur/cad have been trending incredibly the last week.

no idea what you guys talk about.

yes we know they have been on the move the last week, but they can be breaking into new territory - doing new S/R's i.e. AC just broke the 9195 level forming a new low for 2010...

EDIT: no you never miss them, that is my job : but one day I am going to hit them the way you do, one day, dreams do come true... working on it... ROFL
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