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Trend Trading Chart Thread

  • #1,341
  • May 26, 2010 1:51pm May 26, 2010 1:51pm
my view on h4. i will need it to clear 73.70 ish to go short. that box is noise.

Quoting Danku
Anyone watching AUDJPY & AUDUSD...................AUDJPY looks better with the IB Fakey Setup with the trend....cheers
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  • #1,342
  • May 26, 2010 1:53pm May 26, 2010 1:53pm
my dear young man, i stumbled into forex nov 2006, without any knowledge of what it is. here i am 3.5 yrs later, still trading a micro account. who do you think is the newbie? you or i?

Quoting bez3000
True i know you are right coolshades, i guess sometimes when i loose i ask to see if i did something stupid as still a newbie, or if others went the same way (just an ego boost i guess).
Anyway i am confident i am right about usdcad just the wrong entry price so i am back in now.
  • #1,343
  • May 27, 2010 1:17pm May 27, 2010 1:17pm
Hay Dan can you share with us what trades you are currently in? Any charts would be great and your results would be fantastic.
Thanks in advance,
Trooper Bez
  • #1,344
  • May 27, 2010 3:24pm May 27, 2010 3:24pm
Hi All

I am back. Well, never been too much anyway but I feel guilty since I keep reading and thnking but saying nothing.

So I am more relaxed now. I have a job, I have language ourses, I read books and I trade. I have my business gear in a form of a HTC device and pretty much that is it. Tring to trade and the daily is the cool TF, sometimes the 4H. I just set the alarm to key levels (actually before them) and check my charts every 2 hours or rather 4. And try to do what I upposed to do .
Now I try to post some of my 2 cents.

I see some of you are getting really kick asses! Congratulation!
Now, I am posting some things which do ridicule me. no matter.
I post now trade set ups I did recognise before they happend and I did not pulle the trigger. Instead I did pull when there were no set up. And lost and won too, but the most important thing is this:

I should have pulled only at the set up and no other time. period. So hard....is it not? So please enjoy and help me kicking my ass to post here more often than zero.

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I did have everything on my chart! Only the guts tu pull it.

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Kind Regards zol
  • #1,345
  • May 27, 2010 3:31pm May 27, 2010 3:31pm
More fun to come....

So anyway, I believe that this method is really great.
I read a lot of things and have been learning for over 1 year. I am one of those who do not get this stuff in a year. But I actually believe slow motion trading as oppose to day trading, although I do not mind a quick drop.

Thank you Dan for this nice thread. May we all be on the right side! (Than who will be on the wrong side????)

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Kind Regards zol
  • #1,346
  • May 28, 2010 2:30am May 28, 2010 2:30am
Hi guys,

I'm really pleased to see everyone posting charts, ideas, trade setups etc!

I know there are a few questions out there for me and I'm not ignoring them... I've just been really busy this week; so I will endeavour to get answers posted later today or over the weekend.

Regards,

Dan

PS... @Coolshades - I have mostly despaired about the Cleggarons take over so far although I was pleased to hear about IDS's plans to completely overhaul the corrupt benefits system. I also hope they take John Redwood's advice that an increase in CGT will reduce the total income they receive from it (proven fact). I watched Question Time last night with Alistair Campbell and it made me glad that we have gotten rid of that bunch of shysters! So fingers crossed, maybe it won't be as bad as I originally suspected!
  • #1,347
  • May 28, 2010 5:52am May 28, 2010 5:52am
keeping an eye on AUD/USD....been waiting for a retrace before short.
entered sell @ .8528.....looking to go down from here

anyone else watching this pair?
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  • #1,348
  • May 28, 2010 5:56am May 28, 2010 5:56am
Might be of interest to someone...
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  • #1,349
  • May 28, 2010 6:09am May 28, 2010 6:09am
U also have 50%Fibs around 1.2415 close to the 1.2400 RN...if you look at Resistance as a Zone....cheers

Quoting DanUK
Might be of interest to someone...
  • #1,350
  • Edited 7:47am May 28, 2010 7:29am | Edited 7:47am
Quoting dlanor nahc
keeping an eye on AUD/USD....been waiting for a retrace before short.
entered sell @ .8528.....looking to go down from here

anyone else watching this pair?

oh yeah.....sorry guys I know this is a trend trading thread...typically use my trendlines over ichimoku & RSI indicators, trading mostly on H4. Know the charts here are usually trendlines only. Hope no one minds?
  • #1,351
  • May 28, 2010 7:37am May 28, 2010 7:37am
missed this. oh well, will wait for a retrace. are you watching eurjpy at current levels?

btw, on the euro, do you enter on a touch at 2450 or at 2400?

Quoting DanUK
Might be of interest to someone...
  • #1,352
  • May 28, 2010 9:24am May 28, 2010 9:24am
Sold E/U 1,2450 - sold A/U 0.8500. 200 SL
The crazzy one
  • #1,353
  • May 28, 2010 11:20am May 28, 2010 11:20am
Hi Dan can you have a look at the charts below as i am interested to know if you think they are valid entries using your new strategy.

All please comment on the charts below, all input is greatly received.

eurcad short @ 13100, TL, prev bar lows
eurgbp short @ 08600, S&R, TL
eurjpy short @ 12000, S&R
gbpjpy short @ 14000, S&R
gbpusd short @ 14850, S&R
usdchf long @ 11445,S&R,TL (missed the boat i think)
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  • #1,354
  • May 28, 2010 1:18pm May 28, 2010 1:18pm
bez,

some of these levels are being tracked by me too. on eurcad i am also looking at 2900, on eurjpy, 113.5 wld have been a good level to short but i too was day dreaming..

we have (me too) have forgotten to keep posting potential set ups and i think we need to start doing that to help improve all our trading. commander does not need our help ofcourse.

so for me right now, am looking at eurcad to break 2900.

Quoting bez3000
Hi Dan can you have a look at the charts below as i am interested to know if you think they are valid entries using your new strategy.

All please comment on the charts below, all input is greatly received.

eurcad short @ 13100, TL, prev bar lows
eurgbp short @ 08600, S&R, TL
eurjpy short @ 12000, S&R
gbpjpy short @ 14000, S&R
gbpusd short @ 14850, S&R
usdchf long @ 11445,S&R,TL (missed the boat i think)
  • #1,355
  • May 28, 2010 1:59pm May 28, 2010 1:59pm
Quoting coolshades
commander, eurchf @4330, i would have gone short IF i had got my version of bpc/123 (whatever you call it, my version being what i mentioned earlier). however i didnt get that pullback and had to be on the sidelines.

always always always always always always always always stick to the rules.

ucad, since price is now below 0700,will wait for a green bar to break and close above 0700, retrace and then enter. hopefully the bugger will behave and allow me an entry. by the way i am have been staring at my daily for some time and trying to figure...
Hi coolshades,

I prefer to think of it as a range in the 0700/0750 area. But, out of the two my preference would go to the 0700 simply because it is a proper round number!

Now, as it happens U/CAD has dropped to 0500 - an area I consider doing business with! The daily bar looks like it might form a pin - if it does; with a close above 0500 I will go long next week I think.

Regards,

Dan
  • #1,356
  • May 28, 2010 2:04pm May 28, 2010 2:04pm
Quoting Sylar
Commander & other Troopers

It seem that we all have different way of identify & drawing our swing.

So Commander (& others) would you like to share how would you go about identify a swing Hi or Low on the 4H timeframe.

Normally i identify or draw my swing/fib which coincide with those touches on the TL to add weight to the Fib & swing. However i also take into consider candlesticks/bar formation i.e hammer, shooting stars, pin bar etc

Would like to hear your comment(s)

Pip Well
Sylar
Hi Sylar,

I do this in a couple of stages... first of all I identify a swing by glancing at the chart - it's hard to explain in mechanical terms but basically it should be a fairly obvious, clear to see swing. A valid swing for me in an uptrend has a higher low and looks to make a higher high (the reverse in a down trend).

With regards to pulling fibs... I initially use these swings to pull from however if one breaks I will zoom out a bit and see if there is a larger swing that we are trading in... quite often the larger swings do have a fib anchor point at the trendline.

I don't necessarily take note of candle formations in swing analysis but I do take note of them for entries and exits.

Regards,

Dan
  • #1,357
  • May 28, 2010 2:07pm May 28, 2010 2:07pm
Quoting coolshades
have exited my usdchf short off pin bar at b/e. realised its counter trend and thats against my rules. yes the realisation was a bit late in coming....
Hi coolshades,

I'm glad to see you exited this trade... only that it was counter trend and I don't like counter trend trades, lol!

We may find 1.1500 acts as a barrier here and may not allow a deeper retracement before continuing up... only time will tell.

Regards,

Dan
  • #1,358
  • May 28, 2010 2:08pm May 28, 2010 2:08pm
Quoting coolshades
its been a wk since no trade i think.
You must be getting the shakes by now then
  • #1,359
  • May 28, 2010 2:12pm May 28, 2010 2:12pm
Quoting Danku
Anyone watching AUDJPY & AUDUSD...................AUDJPY looks better with the IB Fakey Setup with the trend....cheers
Hi Danku,

Both these look to be in interesting locations at present. Perhaps ones to short next week?

Regards,

Dan
  • #1,360
  • May 28, 2010 2:15pm May 28, 2010 2:15pm
Quoting bez3000
True i know you are right coolshades, i guess sometimes when i loose i ask to see if i did something stupid as still a newbie, or if others went the same way (just an ego boost i guess).
Anyway i am confident i am right about usdcad just the wrong entry price so i am back in now.
Hi bez3000,

I strongly recommend the use of candle patterns/PA setups. Although some of the easier pairs, like EUR/USD can be traded relatively easily using "touch trades" some of the pairs that don't trend so well might be easier to trade with some kind of confirmation first! This is what I do with pairs like USD/CAD. The potential daily pin might give you your opportunity.

Regards,

Dan
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