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Trend Trading All Pairs

  • #6,461
  • Apr 27, 2010 10:45pm Apr 27, 2010 10:45pm
Quoting MktScape
Hey Custos,
You were looking for an EA to manage trades. Attached is an EA to move SL to Breakeven and take partial profits on trades. I had it for some time but havent used it yet however a lot of people on James16 thread are using it on live trades. Try it on demo before using it.

Hope this helps.

Ciao
thanks man, I am gonna try that one out. Would be awesome if that works. Thanks a lot!
  • #6,462
  • Edited 2:38am Apr 28, 2010 2:09am | Edited 2:38am
HI Guys,

although I missed these, review the AJ & AU charts:

AJ Day/4hr/15min: Trend Up; Confluence @ RN 85:00; 61%fib; S-level 85.06 + bouncing off TL (this is perception - every one draws them differently)

AU: same setup could be applied;

Trading now:
EU: currently in trade +50 - just entered off the retest of the Asian high @ 1.32112, SL @ 1.31728 - will monitor closely with news coming up soon, UPDATE: JUMPED TRADE on big pullback when SL was hit

trade safe
P
Attached Image (click to enlarge)
Click to Enlarge Name: aj 27 april 2010.jpg Size: 199 KB
  • #6,463
  • Apr 28, 2010 2:39am Apr 28, 2010 2:39am
Just FYI...



Market News

 

  1. Dollar traders should note that we have the Interest Rate decision scheduled for release this evening.
  2. Japanese annual retail sales grew at 4.75, the fastest levels for 13 years. Car sales and household appliances led the way.
  3. In the commodity markets, this afternoon sees the weekly EIA oil inventory data being released.
  4. New Zealand Dollar traders should note that they too have an interest rate decision, scheduled for 2100 GMT.
  5. Sterling watchers should note that we have the final televised debate tomorrow evening, with pollsters still saying that the likely outcome is a hung Parliament.

  • #6,464
  • Edited 5:45am Apr 28, 2010 4:48am | Edited 5:45am
Hmmmm ..... thanks

Have you used the FFcal News indicator .... what i like about this indi is that it can display news related to the pair it is applied on. Prevents lots of clutter.


Quoting Paulette
Just FYI...



[color=#F40005][font=Arial]Market...
Attached File(s)
File Type: mq4 FFCal.mq4   47 KB | 356 downloads
  • #6,465
  • Apr 28, 2010 7:43am Apr 28, 2010 7:43am
Quoting MktScape
Hmmmm ..... thanks

Have you used the FFcal News indicator .... what i like about this indi is that it can display news related to the pair it is applied on. Prevents lots of clutter.
Hi MktScape

thanks for sharing, I will check it out... I normally just mark the news in chart with lines, will try and see...


P
  • #6,466
  • Apr 28, 2010 3:12pm Apr 28, 2010 3:12pm
anyone considering to short this pair? It is at a major resistance level + RN + 50% wkly Fib level + pin bars.

Looks appealing to me ...anyone else on board?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF=H4.jpg Size: 122 KB
  • #6,467
  • Apr 28, 2010 5:40pm Apr 28, 2010 5:40pm
Here is another potential setup for a short.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD-H4.jpg Size: 130 KB
  • #6,468
  • Apr 28, 2010 10:08pm Apr 28, 2010 10:08pm
Quoting MktScape
anyone considering to short this pair? It is at a major resistance level + RN + 50% wkly Fib level + pin bars.

Looks appealing to me ...anyone else on board?
wow man, you wanna short this pair? First of all, usd/chf is highly negatively correlated with eur/usd. And as you probably have heard, the euro room has big problems with regards to greece and portugal.
Until these problems are solved, the euro is a definite short, which makes the usd/chf a definite long.
The higher your time-frame, the more you have to take fundamentals into consideration.

cheers
  • #6,469
  • Apr 28, 2010 10:10pm Apr 28, 2010 10:10pm
Quoting MktScape
Here is another potential setup for a short.
yep, that one I like much more. will also short it.
  • #6,470
  • Apr 28, 2010 10:29pm Apr 28, 2010 10:29pm
Keep an eye on GU red news up on deck...
  • #6,471
  • Apr 28, 2010 11:38pm Apr 28, 2010 11:38pm
Quoting sam0182
Keep an eye on GU red news up on deck...
and JPY public holiday today - so JPY's a no-no for me...
  • #6,472
  • Apr 28, 2010 11:40pm Apr 28, 2010 11:40pm
Quoting MktScape
Here is another potential setup for a short.
Hi MktScape

mind sharing this indicator that .... the S/R levels? just wanna try it and see - if you dont mind...

Thanks
P
  • #6,473
  • Apr 28, 2010 11:47pm Apr 28, 2010 11:47pm
Quoting Custos
wow man, you wanna short this pair? First of all, usd/chf is highly negatively correlated with eur/usd. And as you probably have heard, the euro room has big problems with regards to greece and portugal.
Until these problems are solved, the euro is a definite short, which makes the usd/chf a definite long.
The higher your time-frame, the more you have to take fundamentals into consideration.

cheers
Euro - absolutely agree, the Fundies now seems to question Italy's fin health too...

1 of my views for EU is that it might retrace back to 1.3250-80 area and then enter a next wave of selling.

1 of my other views is to just watch the chart and see what PA does...

trade safe
P
  • #6,474
  • Apr 29, 2010 8:11am Apr 29, 2010 8:11am
wat the hell is happening in EUROPE?

First Greece, then Spain and now Italy, i understand Portugal is on the way too................with all these mess...could we see the Euro Ditched or something..................n how did all these mess get where it is?

[quote=Paulette;3682373]Euro - absolutely agree, the Fundies now seems to question Italy's fin health too...
  • #6,475
  • Apr 29, 2010 11:34am Apr 29, 2010 11:34am
Quoting Danku
wat the hell is happening in EUROPE?

First Greece, then Spain and now Italy, i understand Portugal is on the way too................with all these mess...could we see the Euro Ditched or something..................n how did all these mess get where it is?
In my opinion it was a bad idea anyways to give the euro to countries with differently developed economies. I mean you can't compare greece's, portugal's or spain's economy with that one of germany for example. Again I am not an economist, but I think the wisest decision would have been to give the euro to countries with similar output ratios.
But on the other hand I understand germany as well for wanting those not so good economies in the euro zone. Cause germany was at a point where its own currrency was so high that its products were too pricey on the world markets. With the euro they can sell their products at a cheaper price.

And I think this mess started with industrial nations financing its systems not through economic output, but through loans. I always wondered how social security, national health care, national school and so on could be financed through taking on more and more loans, instead of increasing economic output and taxing that one. Apparently it doesn't work. Gonna be interesting to see if such a thing could also happen to other countries. I am eyeing the USA here with its trillion dollar deficit. But again, I don't know the high science of macro-economy, so maybe I am just talking bs here.
And I don't believe that the euro will be ditched all together. Nations shouldn't go backward, the euro-zone with all its faults actually also has a lot of benefits (normally).
  • #6,476
  • Apr 29, 2010 11:42am Apr 29, 2010 11:42am
Quoting Custos
In my opinion it was a bad idea anyways to give the euro to countries with differently developed economies. I mean you can't compare greece's, portugal's or spain's economy with that one of germany for example. Again I am not an economist, but I think the wisest decision would have been to give the euro to countries with similar output ratios.
But on the other hand I understand germany as well for wanting those not so good economies in the euro zone. Cause germany was at a point where its own currrency was so high that its products were too pricey...
very well said
  • #6,477
  • Apr 29, 2010 5:50pm Apr 29, 2010 5:50pm
Quoting MktScape
Hmmmm ..... thanks

Have you used the FFcal News indicator .... what i like about this indi is that it can display news related to the pair it is applied on. Prevents lots of clutter.
Here is a quick hint on configuration of this indicator:

In order for this to work correctly and synchronize with your broker's server time, you must enter the proper value for "TimeZone". This is entered relative to GMT. For example, my broker's server time is GMT+1, so I have the default set to 1. If your broker uses GMT+3, enter 3. If your broker uses GMT-2, then enter -2.
  • #6,478
  • Apr 29, 2010 8:03pm Apr 29, 2010 8:03pm
Quoting Paulette
Hi MktScape

mind sharing this indicator that .... the S/R levels? just wanna try it and see - if you dont mind...

Thanks
P
Here you go ...

Cheers!
Attached File(s)
File Type: mq4 Support and Resistance.mq4   2 KB | 433 downloads
  • #6,479
  • Apr 29, 2010 8:08pm Apr 29, 2010 8:08pm
Hello,
This pair didn't go no where therefore I've cancelled the trade. However entered into EURUSD H4 @1.32500. Anyone else in this one?

Anything else you are looking at or monitoring ?

Ciao

Quoting Custos
wow man, you wanna short this pair? First of all, usd/chf is highly negatively correlated with eur/usd. And as you probably have heard, the euro room has big problems with regards to greece and portugal.
Until these problems are solved, the euro is a definite short, which makes the usd/chf a definite long.
The higher your time-frame, the more you have to take fundamentals into consideration.

cheers
  • #6,480
  • Apr 29, 2010 8:45pm Apr 29, 2010 8:45pm
Quoting MktScape
Hello,
This pair didn't go no where therefore I've cancelled the trade. However entered into EURUSD H4 @1.32500. Anyone else in this one?

Anything else you are looking at or monitoring ?

Ciao
Personally going to take a nibble a bit higher around 1.3292, assuming it doesn't just die. However, with the recent daily p.a., I think a retrace to 1.5 is very plausible (once 1.4 is dealt with).
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