Trend Trading All Pairs | Page 361 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading correlation pairs by using the other pairs 843 replies

28 Pairs Trading Panel (Multi-pairs) 0 replies

Export All pairs or selected pairs to .csv with script 3 replies

Daily Bar Analysis - All Pairs/All Welcome 15 replies

Trend Trading All Currency Pairs 3 replies

Attachments: Trend Trading All Pairs
Exit Attachments

Trend Trading All Pairs

  • #7,201
  • Jul 6, 2010 6:30am Jul 6, 2010 6:30am
Quoting MktScape
Hello Everyone,
I couldnt post much lately ...trying to dig myself out of the backlog out of the G20 hole ... however i did read the interesting discussions.

There are also a lot of reports on economic doom & gloom, which has been worrisome especially for the long term the bail out packages by Europe & US are simply appears to be buying more time before things may get worse .... however i hope the situation starts to get better overtime.

I am starting to review the charts and here is a level which appears interesting ... lets see if it holds....
was a good level for a long, I personally would have drawn it a bit lower. Be sure to zoom out on your charts to see all points that connect that line.
  • #7,202
  • Jul 6, 2010 6:43am Jul 6, 2010 6:43am
Quoting Custos
was a good level for a long, I personally would have drawn it a bit lower. Be sure to zoom out on your charts to see all points that connect that line.
Hey Custos,
Can you show the level which could have been used for going long?

Cheers
  • #7,203
  • Jul 6, 2010 6:49am Jul 6, 2010 6:49am
Quoting MktScape
Hey Custos,
Can you show the level which could have been used for going long?

Cheers
well, it was your level, just a bit lower, since you didn't take into account the two earlier lows.

Since the candle before the arrow closed above, the next candle would have been good for a long at the retest.

Clear now?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy h1 6.7.010.gif Size: 21 KB
  • #7,204
  • Jul 6, 2010 7:22am Jul 6, 2010 7:22am
Quoting Custos
well, it was your level, just a bit lower, since you didn't take into account the two earlier lows.

Since the candle before the arrow closed above, the next candle would have been good for a long at the retest.

Clear now?
Thanks Custos ...much appreciated.
  • #7,205
  • Jul 6, 2010 7:32am Jul 6, 2010 7:32am
How about this support zone ...looks pretty strong.?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD-H4.jpg Size: 126 KB
  • #7,206
  • Jul 6, 2010 8:01am Jul 6, 2010 8:01am
Hi guys...

I was also looking at the EURJPY to go long, but I had pointed in my chart the lower level to enter on it, unfortunately it happened during late night hours in my timezone, so I was sleeping and missed it....

I was looking at your charts and I wonder if maybe had I drawn the level incorrectly (even when the shot up started from there)?

I am also looking at a level to go short in AUDUSD off the 0.8550 where I can see price has reacted in the past a few times... What do you think guys?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY1h.jpg Size: 62 KB
Click to Enlarge Name: audusd4h.jpg Size: 66 KB
  • #7,207
  • Jul 6, 2010 8:11am Jul 6, 2010 8:11am
Quoting MktScape
How about this support zone ...looks pretty strong.?
Hi MktScape,

Your Support looks good to me... and that level has acted as S/R many times in the past...
The only thing that concerns me about it is the channel bottom/TL broken...
But maybe good anyways, at least, for a retest from below of that TL...
I personally would play it aggressively trailing quite quick the SL to breakeven... and if 1H candle closes below it, quickly looking for a retest to get out at BE and even the short option in mind....

Only my humble opinion and views....
Hope it helps a little
Attached Image (click to enlarge)
Click to Enlarge Name: ga4h.jpg Size: 57 KB
  • #7,208
  • Jul 6, 2010 8:57am Jul 6, 2010 8:57am
Quoting Bancho
Hi guys...

I was also looking at the EURJPY to go long, but I had pointed in my chart the lower level to enter on it, unfortunately it happened during late night hours in my timezone, so I was sleeping and missed it....

I was looking at your charts and I wonder if maybe had I drawn the level incorrectly (even when the shot up started from there)?

I am also looking at a level to go short in AUDUSD off the 0.8550 where I can see price has reacted in the past a few times... What do you think guys?
The levels you have identified looks good to me. For AUDUSD if you zoom out a bit more then you will see another touch from above within the same zone therefore it does looks good. For EURJPY ... if i have seen that level earlier i.e. before price reaches there then i would have taken a shot at the same level as it is quite clear.

Lets see what Custos take on this?
  • #7,209
  • Jul 6, 2010 9:09am Jul 6, 2010 9:09am
Quoting Bancho
Hi guys...

I was also looking at the EURJPY to go long, but I had pointed in my chart the lower level to enter on it, unfortunately it happened during late night hours in my timezone, so I was sleeping and missed it....

I was looking at your charts and I wonder if maybe had I drawn the level incorrectly (even when the shot up started from there)?

I am also looking at a level to go short in AUDUSD off the 0.8550 where I can see price has reacted in the past a few times... What do you think guys?
I love how clean your charts are dude.

way to go!

just my 2 cents...
  • #7,210
  • Jul 6, 2010 9:12am Jul 6, 2010 9:12am
Quoting MktScape
How about this support zone ...looks pretty strong.?
looks good, I would draw it at 1.7750
  • #7,211
  • Jul 6, 2010 9:19am Jul 6, 2010 9:19am
Quoting Bancho
Hi guys...

I was also looking at the EURJPY to go long, but I had pointed in my chart the lower level to enter on it, unfortunately it happened during late night hours in my timezone, so I was sleeping and missed it....

I was looking at your charts and I wonder if maybe had I drawn the level incorrectly (even when the shot up started from there)?

I am also looking at a level to go short in AUDUSD off the 0.8550 where I can see price has reacted in the past a few times... What do you think guys?
e/j and a/u look good. have drawn them the same way.
  • #7,212
  • Jul 6, 2010 9:26am Jul 6, 2010 9:26am
Quoting Pipalicious
I love how clean your charts are dude.

way to go!

just my 2 cents...
I second that
  • #7,213
  • Jul 6, 2010 9:29am Jul 6, 2010 9:29am
that was also a good short on eur/cad h1. Hope you guys see why that is a good level. Also if you go on the h4 you can see that level again.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad h1 6.7.2010.gif Size: 20 KB
  • #7,214
  • Jul 6, 2010 9:42am Jul 6, 2010 9:42am
Quoting Custos
e/j and a/u look good. have drawn them the same way.
ok here you go Bancho .... you are smiling now .... Custos has endorsed your levels as well
  • #7,215
  • Jul 6, 2010 9:43am Jul 6, 2010 9:43am
Quoting Pipalicious
I love how clean your charts are dude.
way to go!
just my 2 cents...
Quoting Custos
I second that
Quoting MktScape
ok here you go Bancho .... you are smiling now .... Custos has endorsed your levels as well
Thanks guys, just trying to work to grasp the concept, first in only 4 pairs (EU/GU/EJ/AU)

I have a big doubt now:::

USD ISM came out and market reacted to it giving some more strength to EUR, GBP and AUD....

But I don't really know how to react to this, because the resistances on EU and GU have been broken due to the news, and AU has been bullish fueled also, even when the 8550 has not been broken so clearly yet (although the news could have ruined the short there)...

I wasn't aiming to go short on the EU/GU resistances because I see them making some pressure to their resistances with no much time in between, so I was more like taking longs than shorts there....

SO now, which one could be the logical course of action ....? maybe waiting to see if the 1H bars close the other side of the resistance to wait for a retest and going long? or the move is ignored due to it was news related?...

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: gu-eu1h.jpg Size: 82 KB
  • #7,216
  • Jul 6, 2010 9:45am Jul 6, 2010 9:45am
Quoting Bancho

SO now, which one could be the logical course of action ....? maybe waiting to see if the 1H bars close the other side of the resistance to wait for a retest and going long? or the move is ignored due to it was news related?...

Thanks
I would wait for close and retest
  • #7,217
  • Jul 6, 2010 9:49am Jul 6, 2010 9:49am
Quoting Custos
that was also a good short on eur/cad h1. Hope you guys see why that is a good level. Also if you go on the h4 you can see that level again.
I took the same trade...

Posting will be intermittent, but will improve after about another 6weeks was told yesterday by Dr...
  • #7,218
  • Jul 6, 2010 9:53am Jul 6, 2010 9:53am
Quoting Custos
I would wait for close and retest
Thank you Custos for sharing your views...
I wasn't totally sure if news ruined the setups or not... but now I can see that one full hour bar doesn't reflect only the spike of the news publication instants, if not, It compiles the true reaction to that news...
  • #7,219
  • Jul 6, 2010 1:04pm Jul 6, 2010 1:04pm
Quoting Custos
that was also a good short on eur/cad h1. Hope you guys see why that is a good level. Also if you go on the h4 you can see that level again.
okay, level got breached, gonna be interesting to see if it hits my stop which is at 1.335 or react at that level again.
  • #7,220
  • Jul 6, 2010 2:16pm Jul 6, 2010 2:16pm
Quoting Custos
okay, level got breached, gonna be interesting to see if it hits my stop which is at 1.335 or react at that level again.
Custos .... i read somewhere that levels are being breached quite often lately. Whats you experience in this?
7 traders viewing now