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Trend Trading Chart Thread

  • #1,201
  • May 11, 2010 7:48am May 11, 2010 7:48am
I am in A/U @8990 also anyone with me in EURCAD been in for three days now and it's moving well hope to add to it on next pull back.

Quoting DanUK
Hi Coolshades,

You may remember that I took an experimental short on A/U from 1.9250... this trade from 1.9000 is in addition based on 50% retracement and the big 1.9000 round number (s/r level).

Regards,

Dan
  • #1,202
  • May 11, 2010 8:32am May 11, 2010 8:32am
Quoting bez3000
I am in A/U @8990 also anyone with me in EURCAD been in for three days now and it's moving well hope to add to it on next pull back.
Hi bez3000,

Yes I am with you on the EUR/CAD shorts too! I'm shorting EUR against almost everything at the moment!! I think I have too many Euro shorts actually... but it seems to be working out well so far lol!

Regards,

Dan
  • #1,203
  • May 11, 2010 8:45am May 11, 2010 8:45am
i exited eurcad for 180 pipsearlier today. wondering what to do about euraud.

by the way commander, i wish dave had the balls to tell nickie, screw you, we wont negotiate. come to us unconditionally. what wld nickie have done?what option did he realistically have.



Quoting DanUK
Hi bez3000,

Yes I am with you on the EUR/CAD shorts too! I'm shorting EUR against almost everything at the moment!! I think I have too many Euro shorts actually... but it seems to be working out well so far lol!

Regards,

Dan
  • #1,204
  • May 11, 2010 9:15am May 11, 2010 9:15am
I am up about 400 pips on eurcad at the moment but i have tightened my stop to 50 and will let the market take me out.
I am also looking at auraud but waiting for more of a retracement above 14300.

Quoting coolshades
i exited eurcad for 180 pipsearlier today. wondering what to do about euraud.

by the way commander, i wish dave had the balls to tell nickie, screw you, we wont negotiate. come to us unconditionally. what wld nickie have done?what option did he realistically have.
  • #1,205
  • May 11, 2010 10:14am May 11, 2010 10:14am
Quoting coolshades
i exited eurcad for 180 pipsearlier today. wondering what to do about euraud.
Good work!

Quoting coolshades
i wish dave had the balls to tell nickie, screw you, we wont negotiate. come to us unconditionally. what wld nickie have done?what option did he realistically have.
Now you're talking my language! I totally agree; what a crazy world we live in when it's the party that came third that holds all the power!

I understand an official statement (Con/Lib) is due out soon so we'll see what happens...

Regards,

Dan
  • #1,206
  • May 11, 2010 1:32pm May 11, 2010 1:32pm
Commander all done and dusted now. So davey boy did blink first. Whilst I voted for his party I do think georgie is a lightweight and am not fully convinced by davey so let's see

UOTE=DanUK;3715843]Good work!



Now you're talking my language! I totally agree; what a crazy world we live in when it's the party that came third that holds all the power!

I understand an official statement (Con/Lib) is due out soon so we'll see what happens...

Regards,

Dan[/quote]
  • #1,207
  • May 11, 2010 4:45pm May 11, 2010 4:45pm
Thanks guys,
A/U Very nice!!!
What a lovely week so far.
The crazzy one
  • #1,208
  • May 11, 2010 8:28pm May 11, 2010 8:28pm
I also think that trend trading is the easiest way to trade. I recently caught this good pin bar in eurjpy. I consider this trend to be down, thus the pin bar had added meaning. The only problem with trend trading is that it's somewhat open to interpretation. For example, what might be an uptrend on 4 hour chart might be part of a larger downtrend on a weekly chart. This is why I use price action setups, if there is a good price action setup in the direction of the trend with the time frame you are currently looking at, it tends to be a pretty good signal. Here is a video about pin bars: pin bar trading
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  • #1,209
  • May 12, 2010 2:47am May 12, 2010 2:47am
Quoting coolshades
Commander all done and dusted now. So davey boy did blink first. Whilst I voted for his party I do think georgie is a lightweight and am not fully convinced by davey so let's see
My thoughts exactly!

I meant to post this yesterday but I got interrupted... you may have already seen it but it amused me:
Attached Image (click to enlarge)
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  • #1,210
  • May 12, 2010 4:38am May 12, 2010 4:38am
btw, have u loaded on sells at 2700 again and do you trade eurchf?

Quoting DanUK
My thoughts exactly!

I meant to post this yesterday but I got interrupted... you may have already seen it but it amused me:
  • #1,211
  • May 12, 2010 5:51am May 12, 2010 5:51am
Quoting coolshades
btw, have u loaded on sells at 2700 again and do you trade eurchf?
No I was waiting for price to go to 2750 before adding! Doh!

I don't trade eur/chf although there was a nice pin bar on Monday (daily) that would have been a good short! Do you trade eur/chf?
  • #1,212
  • May 12, 2010 6:18am May 12, 2010 6:18am
nope, just looking at it now.

Quoting DanUK
No I was waiting for price to go to 2750 before adding! Doh!

I don't trade eur/chf although there was a nice pin bar on Monday (daily) that would have been a good short! Do you trade eur/chf?
  • #1,213
  • May 12, 2010 11:56pm May 12, 2010 11:56pm
A/U trades closed this morning...

Short from 1.9250 closed for +250

Short from 1.9000 closed at BE

Not too keen on the action so I am on the sidelines now!
  • #1,214
  • May 13, 2010 12:39am May 13, 2010 12:39am
Another great Victory Commander

Any pip party that is on your pending list currently
"Thinking Heart & Feeling Brain"
  • #1,215
  • May 13, 2010 12:51am May 13, 2010 12:51am
dont be so sure of sitting on the sidelines on au commander. watch the h4 close ;-)

Quoting DanUK
A/U trades closed this morning...

Short from 1.9250 closed for +250

Short from 1.9000 closed at BE

Not too keen on the action so I am on the sidelines now!
  • #1,216
  • Edited 2:05am May 13, 2010 1:43am | Edited 2:05am
Quoting coolshades
dont be so sure of sitting on the sidelines on au commander. watch the h4 close ;-)


Funnily enough I was just having a think about this... my candle closes in 1 hour 20 minutes, if we close as a pin bar under 0.9 I will think about shorting again with a relatively tight stop.

Regards,

Dan
  • #1,217
  • May 13, 2010 1:45am May 13, 2010 1:45am
Quoting Sylar
Another great Victory Commander

Any pip party that is on your pending list currently
Thanks Sylar!

I am considering a re-entry on AU (as per above post). Other than that I haven't got any pending trades at the moment... everything is moving in the right direction at the moment!!

Regards,

Dan
  • #1,218
  • May 13, 2010 3:19am May 13, 2010 3:19am
Still not keen on the A/U setup so as the old adage goes... when there is doubt there is no doubt... stay out!
  • #1,219
  • May 13, 2010 5:49am May 13, 2010 5:49am
agree commander, i have a s/r line at 8980 ish and would want to see a nice close below to go further short.

Quoting DanUK
Still not keen on the A/U setup so as the old adage goes... when there is doubt there is no doubt... stay out!
  • #1,220
  • May 13, 2010 6:58am May 13, 2010 6:58am
Quoting DanUK
Still not keen on the A/U setup so as the old adage goes... when there is doubt there is no doubt... stay out!

i got kicked out at BE yesterday, i was thinking of re-entry earlier on today, but don't like the price action now, it looks as though its heading north

its better to stay out! i think
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