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Trend Trading Chart Thread

  • #1,521
  • Jun 11, 2010 4:52am Jun 11, 2010 4:52am
Quoting DanUK
Hi,

That's ok - I'm happy to help where I can!

The background is that I have shorts open all the way back to 1.4500 including one recently from 1.2500 - so my most recent trade from 1.2100 is based with that in mind.

I measure two possible 50% retracements - one lands on 1.2100 and one at 1.2150 - these both coincide with an area of support/resistance that I would like to think will hold.

Hope that helps!

Regards,

Dan

Thanks a mil
  • #1,522
  • Jun 11, 2010 8:01am Jun 11, 2010 8:01am
My trades are always a little more conservative. I like to see that the market is turning. I have trades at the following levels:

GBPUSD short from 1.4650 - Currently up just under 100 pips

EURUSD pending short from 1.2050

AUDUSD pending short from 0.8400
  • #1,523
  • Jun 11, 2010 9:24am Jun 11, 2010 9:24am
would love to see some charts and sls, and know more about your trading style.

Quoting jcalow
My trades are always a little more conservative. I like to see that the market is turning. I have trades at the following levels:

GBPUSD short from 1.4650 - Currently up just under 100 pips

EURUSD pending short from 1.2050

AUDUSD pending short from 0.8400
  • #1,524
  • Jun 12, 2010 8:18am Jun 12, 2010 8:18am
Dan

Thanks for all the info, has been a great read.

Looking at my charts the trend seems to retrace to the 38.2 more than the 50. Would you still consider this as vaild an entry compared to the 50 retrace?. Or are you looking for more confluence if we only get too the 38.2?.

Cheers

Jesse
  • #1,525
  • Jun 13, 2010 1:09am Jun 13, 2010 1:09am
Quoting DanUK
Me!!

I have also sold A/U @ 0.8500 this morning.

Regards,

Dan
Great .. I'm shorting AU @ that level as well but I'm looking to go long @ 0.8300 .. its a beautiful 50% ret in D1 chart. Not to mention the downtrend trendline in D1 (the only trendline) has been broken last week.
  • #1,526
  • Jun 13, 2010 5:29am Jun 13, 2010 5:29am
commander, what do you think of ucdchf at this level?
  • #1,527
  • Jun 13, 2010 3:13pm Jun 13, 2010 3:13pm
Dan,

You just enter (based on your current trading from only the daily charts now) when price reaches your support or resistance point, correct? In other words you don't wait for the confirmation of a move of, say, 50 pips (or whatever increment you used in the past) in your direction as you did before, right?

Thanks


Quoting DanUK
Hi,

That's ok - I'm happy to help where I can!

The background is that I have shorts open all the way back to 1.4500 including one recently from 1.2500 - so my most recent trade from 1.2100 is based with that in mind.

I measure two possible 50% retracements - one lands on 1.2100 and one at 1.2150 - these both coincide with an area of support/resistance that I would like to think will hold.

Hope that helps!

Regards,

Dan
  • #1,528
  • Jun 13, 2010 7:54pm Jun 13, 2010 7:54pm
Quoting DanUK
Hi,

That's ok - I'm happy to help where I can!

The background is that I have shorts open all the way back to 1.4500 including one recently from 1.2500 - so my most recent trade from 1.2100 is based with that in mind.

I measure two possible 50% retracements - one lands on 1.2100 and one at 1.2150 - these both coincide with an area of support/resistance that I would like to think will hold.

Hope that helps!

Regards,

Dan
Hi Dan,

Where are your current stoplosses for your current positions .. ? I assume it must be higher than 2100 ?

How frequent do you trail your SL ... ? Daily? Every hour ? Every 100 pips ...? ?
  • #1,529
  • Jun 14, 2010 1:45am Jun 14, 2010 1:45am
i am in on a sell on euro at 2100 with my sl at 2300 but have to say not very confident of this trade. if i get stopped out, next level to monitor will be 2500.

i think if we get to 2800 then i would reckon we should start thinking of a trend change. what do you reckon commander?

on AU - i was tempted to enter at 8500 (short), but there were too many green men pushing against the level and so have stayed out. 8600 is the level i am monitoring.

on ucad as i have mentioned previously, i am long from 440, off the level 0400, which on hindsight is a stupid level to trade off. i am expecting to be stopped out and if so the next level i will be watching is 0200 for a long.

cable - as usual never trends cleanly, so i am watching 4800. bit not sure if that will be for long or short!


euraud - hope it breaks 4200 and goes south. lets see.

eurcad- watching 2650 in the first instance for a short, if not 2900.

no other pairs i am tracking.
  • #1,530
  • Jun 14, 2010 9:23am Jun 14, 2010 9:23am
Hey guys
Here is my view on AUDUSD

0.87000 is a strong level and I am looking to go short around their but I will enter on the counter trend is broken.

On the other side if this level is broken I think the down trend we saw on the h4 is no longer valid.

Does anyone else have a eye on this level?

I am glad to here from you guys.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 140610.jpg Size: 128 KB
  • #1,531
  • Edited 3:45pm Jun 14, 2010 3:24pm | Edited 3:45pm
Last week was not good for me.
I have made a lot of pips in the last few months on this method only to give them back.
I want to be honest here so my A/U sell at 0.8300 hit sl as did my G/U and also my E/U
750 pips down.
I will now use the AH meth sell E/U at 1.2000 to hopefully to get me back on track.
I will also be watching A/U at 0.8500 to short. I will not be trading the G/U agian at pres.
I am still learning the big lesson not to change my sl to over 200 p per trade.

CP
  • #1,532
  • Edited Jun 15, 2010 1:57am Jun 14, 2010 4:23pm | Edited Jun 15, 2010 1:57am
my dear friend i think a lot of us have been with fist in mouth today and late last week.

my usdcad got stopped out, but that's ok since i was expecting it to be.

my euro short at 2100 is still on.

audusd at a retest at 8500 looks good to be for a short.

EDIT: i would wait for an h4 bar to close BELOW 8500 before going short. and when i mean below, i dont mean by 1-2 pips. i like to see space.



Quoting crazzypip
Last week was not good for me.
I have made a lot of pips in the last few months on this method only to give them back.
I want to be honest here so my A/U sell at 0.8300 hit sl as did my G/U and also my E/U
750 pips down.
I will now use the AH meth sell E/U at 1.2000 to hopefully to get me back on track.
I will also be watching A/U at 0.8500 to short. I will not be trading the G/U agian at pres.
I am still learning the big lesson not to change my sl to over 200 p per trade.

CP
  • #1,533
  • Jun 14, 2010 5:37pm Jun 14, 2010 5:37pm
Thanks coolshades,
I had a black day today but am learning to lose with grace.
I know we will be back in pips soon.
CP
  • #1,534
  • Jun 15, 2010 3:09am Jun 15, 2010 3:09am
Quoting crazzypip
Last week was not good for me.
I have made a lot of pips in the last few months on this method only to give them back.
I want to be honest here so my A/U sell at 0.8300 hit sl as did my G/U and also my E/U
750 pips down.
I will now use the AH meth sell E/U at 1.2000 to hopefully to get me back on track.
I will also be watching A/U at 0.8500 to short. I will not be trading the G/U agian at pres.
I am still learning the big lesson not to change my sl to over 200 p per trade.

CP
Hi cp

I understand your pain.

I also broke my rules with regard to stop loses and lost many pips yesterday. Another MM lesson for me!!

Unfortunately, for me, I need these lessons to bring me down to earth and to follow my rules regardless of the behavior of the market at the time.

Nonetheless, lets hope that the AH leaves this week in a much better position.

BTW, honesty is a positive step towards success.
What you do is a reflection of you....what I do is a reflection of me.
  • #1,535
  • Jun 15, 2010 3:10am Jun 15, 2010 3:10am
Quoting Ezzy
Hi cp

I understand your pain.

I also broke my rules with regard to stop loses and lost many pips yesterday. Another MM lesson for me!!

Unfortunately, for me, I need these lessons to bring me down to earth and to follow my rules regardless of the behavior of the market at the time.

Nonetheless, lets hope that the AH leaves this week in a much better position.

BTW, honesty is a positive step towards success.
How big SL u guys are using ?
  • #1,536
  • Jun 15, 2010 3:17am Jun 15, 2010 3:17am
Quoting luqmanz
How big SL u guys are using ?
Hi lugmanz

My rules are a 100 pip sl, not too sure what other people use.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #1,537
  • Jun 15, 2010 3:24am Jun 15, 2010 3:24am
I am with you guys a rocky week for me:

GBPUSD currently -250
EURAUD currently +190
GBPJPY currently -57 & -220
EURUSD currently -240
USDCHF currently +5
AUDUSD currently -5

But i need to let my trades play out, i entered them to my rules so if i get stopped out it's just the price of trading.
Another trade will be along shortly.
  • #1,538
  • Jun 15, 2010 3:24am Jun 15, 2010 3:24am
Quoting luqmanz
How big SL u guys are using ?
im considering to use a 400 pip stop loss because i noticed the recent price reversal does happen within 400 pips, but then again maybe it depends if your profit target is 3 times your stop or more.. and how much you are comfortable to lose when u enter the trade.

I am still a newbie, so... Im not absolutely sure if I am right to think this way, but anyone who disagrees can also let me know why, thanks


Quoting bez3000
My stops are above or below the last swing normally.
bez3000: so that means u change your stops manually? you don't use the trailing stop? i havnt figure how to use trailing stop... so i am doing it your way as well, after the price has moved in my favour. but feels kind of troublesome..
  • #1,539
  • Jun 15, 2010 3:25am Jun 15, 2010 3:25am
Quoting luqmanz
How big SL u guys are using ?
My stops are above or below the last swing normally.
  • #1,540
  • Jun 15, 2010 3:40am Jun 15, 2010 3:40am
Bez,

usdchf and audusd, what are these, long/short? and off which levels? wld appreciate a chart thks.

i am not in any trade right now. waiting. my euraud got stopped out at 190 points but that was not enough to make up my usdcad losses.

i missed taking the short of eurcad as posted earlier. if anyone has taken, then they must be sitting pretty.

Quoting bez3000
I am with you guys a rocky week for me:

GBPUSD currently -250
EURAUD currently +190
GBPJPY currently -57 & -220
EURUSD currently -240
USDCHF currently +5
AUDUSD currently -5

But i need to let my trades play out, i entered them to my rules so if i get stopped out it's just the price of trading.
Another trade will be along shortly.
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