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Trend Trading All Pairs

  • #6,881
  • Jun 14, 2010 7:36am Jun 14, 2010 7:36am
Quoting Custos
That's exactly how it's supposed to work. for a sell limit you have to wait until price is below the point you want to enter at. If it is still above the price you wanna enter at, it will enter right away. Cause a sell limit basically says: enter short at "defined" price level or higher.
ok ...thanks for the explanation.
  • #6,882
  • Jun 14, 2010 7:39am Jun 14, 2010 7:39am
Custos,
On GBPUSD H4 the current momentum looks high ...what do you think and do you still have your order in place?
  • #6,883
  • Jun 14, 2010 7:41am Jun 14, 2010 7:41am
Quoting mayorowo
Here is a setup, i think its a nice opportunity to wait for...what do you guys think?

1luv
haha, you are funny. Didn't we just talk about nzd/jpy a couple of posts ago?
http://www.forexfactory.com/showpost...postcount=6847

Again, as you can see in that post, it is actually ranging around. You would want nzd/jpy to go below the weekly support, come back to test it and then enter on the continuation if you do it hector-style.

I also attached nzd/jpy with the trendline (blue line) now how it should be drawn in my opinion. You should draw it from the low to the high of the swing. The arrow marks the highest high the retracement made. The trendline should only be changed if price makes a higher high which did not happen.

But anyways, just my opinion, maybe some other guys can also give some input on that setup.

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy w1 14.6.2010.gif Size: 36 KB
  • #6,884
  • Jun 14, 2010 7:48am Jun 14, 2010 7:48am
Quoting MktScape
Custos,
On GBPUSD H4 the current momentum looks high ...what do you think and do you still have your order in place?
you know, with using my wide stop loss now, I don't watch PA anymore. If it breaks the level it will come back more often than not. And I can get out at zero loss. So if it decides to break through then it's fine for me. Well, and sometimes I will get stopped out, but hopefully that doesn't happen too often.
But if I were to watch momentum then I also would not be worried. This setup is actually based on the weekly resistance level (last swing low). So watching daily PA is enough in my opinion. And I gotta say, this bar doesn't look too big for me yet. But who knows, all we do here is to "bet" on direction, but with calculated probabilities (hopefully).

does that answer your question?
  • #6,885
  • Jun 14, 2010 7:52am Jun 14, 2010 7:52am
This one is at the rock bottom support and rounding bottom formation is taking palace ...though it could still react to the level. I was wondering that in this scenario would you take a shot at it?
  • #6,886
  • Jun 14, 2010 7:54am Jun 14, 2010 7:54am
Quoting MktScape
This one is at the rock bottom support and rounding bottom formation is taking palace ...though it could still react to the level. I was wondering that in this scenario would you take a shot at it?
thanks for telling me, I didn't see that monthly support. No, eur/cad is cancelled now for me.
  • #6,887
  • Jun 14, 2010 8:03am Jun 14, 2010 8:03am
Quoting Custos
you know, with using my wide stop loss now, I don't watch PA anymore. If it breaks the level it will come back more often than not. And I can get out at zero loss. So if it decides to break through then it's fine for me. Well, and sometimes I will get stopped out, but hopefully that doesn't happen too often.
But if I were to watch momentum then I also would not be worried. This setup is actually based on the weekly resistance level (last swing low). So watching daily PA is enough in my opinion. And I gotta say, this bar doesn't look too big...
I see .... yes thats going right into the weekly resistance level which should have significant impact. Last H4 bar appears to be retreating now. let see ...i have my limit order there.
  • #6,888
  • Jun 14, 2010 8:35am Jun 14, 2010 8:35am
Quoting Custos
haha, you are funny. Didn't we just talk about nzd/jpy a couple of posts ago?
http://www.forexfactory.com/showpost...postcount=6847

Again, as you can see in that post, it is actually ranging around. You would want nzd/jpy to go below the weekly support, come back to test it and then enter on the continuation if you do it hector-style.

I also attached nzd/jpy with the trendline (blue line) now how it should be drawn in my opinion. You should draw it from the low to the high of the swing. The arrow marks the highest high...
Thanks Custo..thats a nice insight
  • #6,889
  • Jun 14, 2010 4:39pm Jun 14, 2010 4:39pm
Good evening.

Custos do you remember this chart? The support that you suggested last week hold the price.

Excellent note.

Regards
Jackk
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.jpg Size: 115 KB
  • #6,890
  • Jun 14, 2010 10:25pm Jun 14, 2010 10:25pm
not many charts i like right now...
marked up a quick chart for this forum thread with quick opinion on eurusd next day or so.

Will play both pivots if they go as planned. Otherwise, I adjust to what the market says. Win or lose...thats a plan. Any other plans out there?
Attached Image
  • #6,891
  • Jun 15, 2010 2:31am Jun 15, 2010 2:31am
Please advise on the chart .
Attached File(s)
File Type: csv AUDUSD60.csv   29 KB | 241 downloads
  • #6,892
  • Jun 15, 2010 6:35am Jun 15, 2010 6:35am
Quoting Ibz
Please advise on the chart .
Hi,
There isnt any chart here other than the excel sheet.?
  • #6,893
  • Jun 15, 2010 6:36am Jun 15, 2010 6:36am
This one worked out quite well.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-AUD-H1.jpg Size: 157 KB
  • #6,894
  • Jun 15, 2010 6:50am Jun 15, 2010 6:50am
Quoting randomperson
not many charts i like right now...
marked up a quick chart for this forum thread with quick opinion on eurusd next day or so.

Will play both pivots if they go as planned. Otherwise, I adjust to what the market says. Win or lose...thats a plan. Any other plans out there?
Hi Randomperson,
The resistance at 1.2452 is aligning with a weekly resistance level. Price may still react to the lower Res you have identified.

Ciao
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-USD-H1.jpg Size: 116 KB
  • #6,895
  • Jun 15, 2010 9:07am Jun 15, 2010 9:07am
I was wondering that how many of us are also attempting to take a note of their throughts, feelings including fear, greed. As far as I understand this is also a very important part of overall notes making which will help monitor the psychological changes taking place overtime?
  • #6,896
  • Jun 15, 2010 9:11am Jun 15, 2010 9:11am
Quoting Custos
I thought I share some new long-term levels I am watching

Those are the:
eurcad h4 & gbpusd d1
eurjpy w1 & eurgbp w1
nzdusd w1 & eurchf d1

Tell me what you guys think or if you have other levels to watch out for.

cheers

by the way, welcome back nightmoves!!!!!!!!!!
Custos, thanks for posting these setups .... much apprecaited.
  • #6,897
  • Jun 15, 2010 12:00pm Jun 15, 2010 12:00pm
Hey Custos,
Any range setups insight .... ?

Ciao
  • #6,898
  • Jun 15, 2010 12:07pm Jun 15, 2010 12:07pm
Quoting MktScape
Hey Custos,
Any range setups insight .... ?

Ciao
well, I am currently short in usd/jpy h1.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 15.6.2010.gif Size: 40 KB
  • #6,899
  • Jun 15, 2010 12:09pm Jun 15, 2010 12:09pm
Quoting MktScape
I was wondering that how many of us are also attempting to take a note of their throughts, feelings including fear, greed. As far as I understand this is also a very important part of overall notes making which will help monitor the psychological changes taking place overtime?
well, I don't write those down. But I guess it is important, maybe I should start one day
  • #6,900
  • Jun 15, 2010 12:24pm Jun 15, 2010 12:24pm
this is another level: eur/gbp h1
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp h1 15.6.2010.gif Size: 37 KB
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