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Trend Trading Chart Thread

  • #1,801
  • Jul 13, 2010 3:56pm Jul 13, 2010 3:56pm
Hi everyone, can someone pls explain how you enter trade. Yesterday i drew my tl on EURGBP and buy limit only for price to take my entry and start moving up untill it get to 50% level and drop to enter me again. Pls what is the best entry i should be using. thanks
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  • #1,802
  • Edited Jul 14, 2010 7:45am Jul 13, 2010 5:10pm | Edited Jul 14, 2010 7:45am
Hi Dan,

Yes after the bad news at 2.30 for US I came out with a few pips.
and also the same E/G. 90 pips tp.
Are you still in the E/G short?

Thanks, I made lots of pips on the E/N short tp for now 1.7650.

Also in now A/U long after the break 0.87900ish
CP
  • #1,803
  • Jul 14, 2010 12:52am Jul 14, 2010 12:52am
i closed eurgbp for 50 pips and eurusd for another 50.

no current trades for me. i think trades have to be monitored very carefully these days since the swings are short term.

cp - a/u has not seen 7900 for a very long time.

bez - hope you took the chfjpy trade. was a good buovb off the 50% fib,but i was at work as usual.

Quoting crazzypip
Hi Dan,

Yes after the bad news at 2.30 for US I came out with a few pips.
and also the same E/G. 90 pips tp.
Are you still in the E/G short?

Thanks, I made lots of pips on the E/N short tp for now 1.7650.

Also in now A/U long after the break 0.7900ish
CP
  • #1,804
  • Jul 14, 2010 2:10am Jul 14, 2010 2:10am
Quoting coolshades
bez - hope you took the chfjpy trade. was a good buovb off the 50% fib,but i was at work as usual.
I had it on my watch list but i to was at work
  • #1,805
  • Jul 14, 2010 2:54am Jul 14, 2010 2:54am
Closed eu for -25
Still in eurgbp & usdjpy.
  • #1,806
  • Jul 14, 2010 5:31am Jul 14, 2010 5:31am
Possible gbpusd short?
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  • #1,807
  • Jul 14, 2010 6:28am Jul 14, 2010 6:28am
and here i am thinking of taking a speculative long of 5200!

Quoting bez3000
Possible gbpusd short?
  • #1,808
  • Jul 14, 2010 6:42am Jul 14, 2010 6:42am
Quoting coolshades
and here i am thinking of taking a speculative long of 5200!
it seems to me the pair has been in a sort of ranging mode for the past 2 week on H4 chart. no NEW SIGNIFICANT highs or lows either.
so i think i wil stay out of this.
  • #1,809
  • Jul 14, 2010 7:44am Jul 14, 2010 7:44am
Sorry A/U long I ment 0.87900
CP
  • #1,810
  • Jul 15, 2010 12:31am Jul 15, 2010 12:31am
anything new folks? the last 2 weeks have been a nightmare work wise and hardly any time to trade. i closed my eurusd and eurgbp shorts as mentioned earlier but no new trades.

there was an opportunity yesterday to take a short of usdchf at 1.055 but missed it as usual. and i am regretting not taking that speculative cable long on 1.52.
  • #1,811
  • Jul 15, 2010 1:54am Jul 15, 2010 1:54am
Hi coolshades i am currently:

eurgbp short 8370
usdjpy short 8864
chfjpy long 8373
eurchf short 13426

  • #1,812
  • Jul 15, 2010 4:27am Jul 15, 2010 4:27am
Does anyone have an opinion as to which way the trend is now re the Euro/Usd?

I have been trying to go short since the price was around 1.2200, and getting stopped out pretty much all the time.

The price is now at (I believe) a major resistance and could be a good place to sell? (presuming the bear trend is still active??).

All the best - JoelD
  • #1,813
  • Jul 15, 2010 5:14am Jul 15, 2010 5:14am
why at those two prices?

Quoting bez3000
chfjpy long 8373
eurchf short 13426

  • #1,814
  • Jul 15, 2010 5:22am Jul 15, 2010 5:22am
no i dont think its a good place to sell and i am looking at good places to buy, unfortunately i am not getting them!

Quoting JoelD
Does anyone have an opinion as to which way the trend is now re the Euro/Usd?

I have been trying to go short since the price was around 1.2200, and getting stopped out pretty much all the time.

The price is now at (I believe) a major resistance and could be a good place to sell? (presuming the bear trend is still active??).

All the best - JoelD
  • #1,815
  • Jul 15, 2010 5:23am Jul 15, 2010 5:23am
commander,

are you still in your long from 495?
  • #1,816
  • Jul 15, 2010 6:00am Jul 15, 2010 6:00am
Quoting coolshades
why at those two prices?
chfjpy: on 4h, 50% fib from 8297 on the 12th to 8441 on the 14th and rejection of TL, with the trend.

eurchf: Bit of a speculative one based on the 13450 area showing some support then resistance and then producing l lovely bearish daily pin bar yesterday in a down trend.
  • #1,817
  • Jul 15, 2010 4:55pm Jul 15, 2010 4:55pm
Anybody looking at GBP/USD. Close to major resistance 1.5520, Confluence with BRN 1.5500. If 4hour chart produces Inside Bar then i may enter a short trade on 4hr or look for short trades on 15 min chart. It has broken though its daily channel but stalled just before resistance. Anyone else ?
  • #1,818
  • Jul 15, 2010 7:10pm Jul 15, 2010 7:10pm
G/U not for me thanks,

But I might take a long E/U from 1.2900ish target 1.3000
CP
  • #1,819
  • Jul 16, 2010 4:13am Jul 16, 2010 4:13am
Quoting crazzypip
G/U not for me thanks,

But I might take a long E/U from 1.2900ish target 1.3000
CP
Hi Crazzypip, just wondering what your reasons are for not taking the G/U trade, i am new to forex trading so im probably missing something that makes this trade a bad idea. Any advice ?
  • #1,820
  • Jul 16, 2010 6:22am Jul 16, 2010 6:22am
Hi Dan89

Dont let me put you of, I am also new.
I just think with all the bad news from the US it could go both ways.
pa is the key I think.

CP
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