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Trend Trading Chart Thread

  • #1,721
  • Jul 6, 2010 7:06pm Jul 6, 2010 7:06pm
G/C short
I went short 1.6620 very strong daily pivot point.
first target 1.57700
CP
  • #1,722
  • Jul 6, 2010 7:40pm Jul 6, 2010 7:40pm
U/C
Looking good to short
10555 target 10250
CP
  • #1,723
  • Jul 6, 2010 7:52pm Jul 6, 2010 7:52pm
Quoting crazzypip
U/C
Looking good to short
10555 target 10250
CP

Here is my chart on usd/cad...I think it has more upside to come.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_7_3_10.png Size: 129 KB
{Promotion Removed}
  • #1,724
  • Jul 6, 2010 9:10pm Jul 6, 2010 9:10pm
Thanks Gamefx, noted.
I have been long on U/C for some time, so I think this might be a CT trade for me.
I will let it play out, and may tp early.
  • #1,725
  • Jul 7, 2010 2:09am Jul 7, 2010 2:09am
Quoting crazzypip
Thanks Gamefx, noted.
I have been long on U/C for some time, so I think this might be a CT trade for me.
I will let it play out, and may tp early.
Hi,

I haven't traded U/C for some time as the daily trend has not been great... ranging more than anything. I decided to drop down to H4 to look for an entry and took a long off of 1.0500 yesterday - I'm looking for an initial target of 1.0675 and if that breaks I'll be looking for 1.0853 after. Then who knows!!

Regards,

Dan
  • #1,726
  • Jul 7, 2010 2:19am Jul 7, 2010 2:19am
Quoting DanUK
PS... I'm off to bed now... I've been reading far too many other threads here on FF and it shocks me how many people think they are gurus! I'm sure you know what I mean. Seriously, people who are buying dips and selling rallies who seriously believe they have the holy grail. Since the "commercial" side of this forum has taken flight I think it has really started to go down hill. Such a shame as it used to be a good place to learn.
I agree Dan and i would have to say i think this is one of the best threads on FF purely because people try and help each other and post charts showing possible trade setups, and not just after the fact saying how many pips they made as is the case on some threads. I just hope it doesn't suffer the same fate as the Jacko thread which has been reduced to a slagging match with no useful trading advice being added for a long time. My thinking is that there are some people on FF who struggle with there trading and decide to blame someone else as in the case of the Jacko thread.
This is a great place for like minded traders to help each other and hopefully become better traders thanks to you.
  • #1,727
  • Jul 7, 2010 3:02am Jul 7, 2010 3:02am
i am in between meetings. not able to trade intraday today.

commander what about
long usdchf @ 1.06
short eurgbp - .8375
  • #1,728
  • Jul 7, 2010 3:13am Jul 7, 2010 3:13am
coolshades i am watching those pairs as well but i am looking:
short usdchf
short eurgbp but at slightly higher price of around 8400 (50%, prev support)


Quoting coolshades
i am in between meetings. not able to trade intraday today.

commander what about
long usdchf @ 1.06
short eurgbp - .8375
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp.png Size: 32 KB
Click to Enlarge Name: usdchf.png Size: 28 KB
  • #1,729
  • Jul 7, 2010 3:14am Jul 7, 2010 3:14am
Quoting bez3000
I agree Dan and i would have to say i think this is one of the best threads on FF purely because people try and help each other and post charts showing possible trade setups, and not just after the fact saying how many pips they made as is the case on some threads. I just hope it doesn't suffer the same fate as the Jacko thread which has been reduced to a slagging match with no useful trading advice being added for a long time. My thinking is that there are some people on FF who struggle with there trading and decide to blame someone else as in...
That's good because that is exactly what I wanted to create here - a home to people who want to trend trade; similar to the way the J16 thread is a home to people who want to trade that way. Helping other traders to learn the method and also to discuss potential setups.

Don't worry though - so long as I am around I shall make sure that this thread doesn't turn into a mess - I always keep the option open to ban people who disrupt the thread and I'm not afraid to pull the trigger! Lol!

Regards,

Dan
  • #1,730
  • Jul 7, 2010 4:06am Jul 7, 2010 4:06am
Quoting DanUK
That's good because that is exactly what I wanted to create here - a home to people who want to trend trade; similar to the way the J16 thread is a home to people who want to trade that way. Helping other traders to learn the method and also to discuss potential setups.

Don't worry though - so long as I am around I shall make sure that this thread doesn't turn into a mess - I always keep the option open to ban people who disrupt the thread and I'm not afraid to pull the trigger! Lol!

Regards,

Dan
Thank goodness for that. If I wanted conflict I'd watch Jeremy Kyle! Keep up the good work.
  • #1,731
  • Jul 7, 2010 5:03am Jul 7, 2010 5:03am
Hi Friends!
i need ur guidance..
I'm a commodity trader in MCX (india) i don't have any A/C in forex. i want a free software which provide live charts with study(MACD,RSI).

currently i am using my broker's terminal, for charts,but want to see streaming charts in forex/NYMAX,COMEX & do study LIKE MACD etc..
do you know any software which provide free live charts with studies?
if there is any software pls pls give me the link to download.
Thanks in advance!

Dattatreya
Shri Ram
  • #1,732
  • Jul 7, 2010 6:29am Jul 7, 2010 6:29am
Quoting DanUK
That's good because that is exactly what I wanted to create here - a home to people who want to trend trade; similar to the way the J16 thread is a home to people who want to trade that way. Helping other traders to learn the method and also to discuss potential setups.

Don't worry though - so long as I am around I shall make sure that this thread doesn't turn into a mess - I always keep the option open to ban people who disrupt the thread and I'm not afraid to pull the trigger! Lol!

Regards,

Dan
Hi DanUK

good to hear this, I have been following the thread and like the way things are being done here.

I will start posting soon and hope to learn more from you and the rest of the guys on the thread.
  • #1,733
  • Jul 7, 2010 8:53am Jul 7, 2010 8:53am
for me on eurgbp, 8375 is a very strong reaction level with 50% fib above it at 8400 ish. will see what happens at 8375 in the first instance.

on usdchf, i mean long at 1.05, sorry. thats a strong level for me. that would be against the current trend, so would be cautious and see what happens first.

i hope someone went long on cable at 1.51, because i surely didnt and that level is very strongly being defended.

other pairs i am looking at are eurnzd for a close below 81, that will bring it back under the down trendline

commander, how do you enter now? is it on h4 charts? and how do you move your sls now in this brave new world?

Quoting bez3000
coolshades i am watching those pairs as well but i am looking:
short usdchf
short eurgbp but at slightly higher price of around 8400 (50%, prev support)
  • #1,734
  • Jul 7, 2010 9:47am Jul 7, 2010 9:47am
Yes i can see the support i went short @ 580 and have moved to BE early incase it is rejected around the 510 area currently +45 so we will see.

I missed the boat on cable as well i needed it to drop another 30 pips to 5050 for my entry .

We are on the same page with the eurnzd.

I am also watching for PA on eu at around 700 to short and eurgbp to short around 400.

Quoting coolshades
for me on eurgbp, 8375 is a very strong reaction level with 50% fib above it at 8400 ish. will see what happens at 8375 in the first instance.

on usdchf, i mean long at 1.05, sorry. thats a strong level for me. that would be against the current trend, so would be cautious and see what happens first.

i hope someone went long on cable at 1.51, because i surely didnt and that level is very strongly being defended.

other pairs i am looking at are eurnzd for a close below 81, that will bring it back under the down trendline

commander, how do...
  • #1,735
  • Jul 7, 2010 11:58am Jul 7, 2010 11:58am
USD/CAD stopped out at BE.
  • #1,736
  • Jul 7, 2010 12:10pm Jul 7, 2010 12:10pm
Quoting coolshades
commander, how do you enter now? is it on h4 charts? and how do you move your sls now in this brave new world?
Hi Coolshades,

I've decided to do a bit of H4 trading as well as daily. I was looking at my charts the other day and I thought it's silly to restrict myself to trading dailies only if there appears to be a good setup on H4 - I may as well trade it too.

So if I am taking an H4 trade I will most likely manage the trade using the old trailing stop method. I am also looking at using PA triggers more these days, especially on H4, especially when trends aren't running smoothly.

I am still trading the dailies and these will be managed in the normal way.

Something I meant to add earlier - I have taken a short on USD/CHF; H4 trend is down at the moment (daily is not clear). Bearish outside bar formed this morning off of the rather steep trendline and the 1.0600 level and I sold below at 1.0580 (stop at 1.0640 above setup bar). I actually missed a similar entry before at 1.1100 but at that time I was not clear if the trend had changed or not. Looking back it would have been a reasonable trade but I wasn't really watching H4 at the time.

I think the lesson here is that there is no reason we can't trade both methods. Essentially they are the same thing anyway! Newbies should probably stick to one or the other though until they get their sea legs!

Regards,

Dan
  • #1,737
  • Jul 7, 2010 12:16pm Jul 7, 2010 12:16pm
Quoting coolshades
i am in between meetings. not able to trade intraday today.

commander what about
long usdchf @ 1.06
short eurgbp - .8375
Hello again,

I personally prefer shorts on USD/CHF at the moment although if you have reason to think otherwise please post a chart as I am open to other ideas!

EUR/GBP - I like short on this and I think 0.8375 is a perfectly good level to go from, although I would prefer it hit 0.8400 before going down!

I don't think I would be entering blind on these though - will look for confirming PA before entry.

Regards,

Dan
  • #1,738
  • Jul 7, 2010 12:18pm Jul 7, 2010 12:18pm
Quoting dattatreya
Hi Friends!
i need ur guidance..
I'm a commodity trader in MCX (india) i don't have any A/C in forex. i want a free software which provide live charts with study(MACD,RSI).

currently i am using my broker's terminal, for charts,but want to see streaming charts in forex/NYMAX,COMEX & do study LIKE MACD etc..
do you know any software which provide free live charts with studies?
if there is any software pls pls give me the link to download.
Thanks in advance!

Dattatreya
Hi,

You're posting in the wrong place really - but as I'm a nice fella the answer is: google "metatrader" - I can't give you the link as it is a commercial product but it should be easy to find.

Regards,

Dan
  • #1,739
  • Jul 7, 2010 12:19pm Jul 7, 2010 12:19pm
Quoting Paulette
Hi DanUK

good to hear this, I have been following the thread and like the way things are being done here.

I will start posting soon and hope to learn more from you and the rest of the guys on the thread.
Welcome aboard! Look forward to your posts.

Regards,

Dan
  • #1,740
  • Jul 7, 2010 12:30pm Jul 7, 2010 12:30pm
Quoting coolshades
on usdchf, i mean long at 1.05, sorry. thats a strong level for me. that would be against the current trend, so would be cautious and see what happens first.

i hope someone went long on cable at 1.51, because i surely didnt and that level is very strongly being defended.

other pairs i am looking at are eurnzd for a close below 81, that will bring it back under the down trendline

commander, how do you enter now? is it on h4 charts? and how do you move your sls now in this brave new world?
I should also add that I agree - 1.0500 is what I consider a "key" level and I will certainly be moving my stop to BE when we get there. Look for a very good PA signal here and we may be going long again... but I suspect (and this is only a feeling, nothing substantial) that we may be going lower.

EUR/NZD - I'm not sure how you have your trendline drawn but on my chart the outer trendline was not broken. I got an H4 double high with lower close off of the trendline and closed below 81. I took the break below this bar at 1.8060. Be interested to know if you got in too?

Regards,

Dan
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