Trend Trading Chart Thread | Page 95 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Are you a trend trader or a counter-trend trader? 29 replies

Trading bounces off daily chart trend lines 13 replies

Trend trading with 55EMAs on the Daily Chart 10 replies

Is Grid Trading (combined trend following and counter trend) Profitable? 3 replies

Attachments: Trend Trading Chart Thread
Exit Attachments

Trend Trading Chart Thread

  • #1,881
  • Jul 29, 2010 12:23pm Jul 29, 2010 12:23pm
Quoting crazzypip
Where is everyone?
CP
Shorting Gold!
  • #1,882
  • Jul 29, 2010 1:38pm Jul 29, 2010 1:38pm
well not very vigorously since i am finding few setups.

but anyway a quick recap.

had a short on usdchf of a beob off a resistance level which got stopped out. am currently long on eurnzd of daily bullish pinbar against resistance level and have 200 points locked in. those 200 points more than make up for my usdchf loss.

on cable and euro, frankly i see absolutely no reason to go short and if price drops i am thinking of blindly entering longs.

i have been trying to enter cable and euro long since time began but the bleeding pairs are just not retracing properly.
  • #1,883
  • Jul 29, 2010 1:52pm Jul 29, 2010 1:52pm
Quoting crazzypip
Where is everyone?
G/U may be looking good to sell?
any thoughts here.

Also looking at A/J short nice day pin bar.
CP
I liked the look of A/J but missed the boat i had 7900 marked but missed it and don't want to chase the trade.
Apart from waiting for EU & GU to let me in as well i don't see any trend trades at the moment.
I am currently in:
usdcad long
usdjpy short
gbpchf long.

But these entries have been made using a different style so wont discuss them here
  • #1,884
  • Jul 29, 2010 2:31pm Jul 29, 2010 2:31pm
Changed my Avatar as "NoBread" has the same as me and visits the same threads so might get confusing
  • #1,885
  • Jul 29, 2010 3:03pm Jul 29, 2010 3:03pm
i hope some of you got long on audusd. there were three consecutive h4 pin bars (FXDD MT4) early today and would have been a trade that already moved to b/e in just a few hours. i missed that trade.

there is also a bearish h4 pinbar on chfjpy off 83.50 and price has been ranging between 83.50 and 82.5....
  • #1,886
  • Jul 29, 2010 3:28pm Jul 29, 2010 3:28pm
Hi guys,

I'm still trading! Just been quiet on this thread lately... probably because we've all been concentrating on other things (you know what I'm talking about... those dirty little lower timeframes!).

My current long term trades are... buying GBP/USD, EUR/USD and AUD/USD. Selling USD/CHF and EUR/GBP.

I am also "scalping" some H4 price action but that is both trend and counter trend stuff so I haven't bothered posting anything here. Nothing secretive... normal "James16" style stuff with a little bit of trend trading mixed in.

Regards,

Dan
  • #1,887
  • Jul 29, 2010 8:39pm Jul 29, 2010 8:39pm
Im long on eur/usd but waiting for the down tren to get some nice pips.
closing the week with about 60 pips using retracements.
  • #1,888
  • Jul 30, 2010 12:55am Jul 30, 2010 12:55am
on usdchf, you went short at the pin bar at 1.062 ish on h4? and eurgbp short. at the beob on h4 at 8520 ish?

Quoting DanUK
Hi guys,

I'm still trading! Just been quiet on this thread lately... probably because we've all been concentrating on other things (you know what I'm talking about... those dirty little lower timeframes!).

My current long term trades are... buying GBP/USD, EUR/USD and AUD/USD. Selling USD/CHF and EUR/GBP.

I am also "scalping" some H4 price action but that is both trend and counter trend stuff so I haven't bothered posting anything here. Nothing secretive... normal "James16" style stuff with a little bit of trend trading mixed in.

Regards,...
  • #1,889
  • Jul 30, 2010 1:49am Jul 30, 2010 1:49am
interestingly poised at 6200. commander what do you do if say gbpcad breaks and closes above 6200 on h4, but there is no pa like pin or buob. there might never be p.a. do you then just take a blind long trade on retrace?
  • #1,890
  • Jul 30, 2010 12:44pm Jul 30, 2010 12:44pm
Quoting crazzypip
Where is everyone?
G/U may be looking good to sell?
any thoughts here.
I hope not as I am bullish at the moment!!
  • #1,891
  • Jul 30, 2010 12:47pm Jul 30, 2010 12:47pm
Quoting coolshades
on usdchf, you went short at the pin bar at 1.062 ish on h4? and eurgbp short. at the beob on h4 at 8520 ish?
Not quite... usdchf was higher up bearish outside bar (h4) off 1.09 and eurgbp was a bit lower at 0.8460 - obviously our different feeds are causing slight confusion!

Regards,

Dan
  • #1,892
  • Jul 30, 2010 1:10pm Jul 30, 2010 1:10pm
knocking on heaven's door? i am dearly wanting it to break 6200 and then look for longs.

btw, for all those who are desperate to short cable or euro....... dont...
  • #1,893
  • Jul 30, 2010 1:53pm Jul 30, 2010 1:53pm
Quoting coolshades
knocking on heaven's door? i am dearly wanting it to break 6200 and then look for longs.

btw, for all those who are desperate to short cable or euro....... dont...
That is one hell off an area on G/CAD that's for sure. If it wasn't Friday that 1HR pin could have pointed to a break. Whichever pair out of GU and UC decides to break higher / lower or reverse first will be the key...I know which one I favour

With regards EU and GU I would not be opening any longs here...they are nearing daily PPZ areas now so next week we'll see how strong this up trend actually is...I have my doubts as to whether we'll go much higher, but that's just my personal opinion.
  • #1,894
  • Jul 30, 2010 2:06pm Jul 30, 2010 2:06pm
Quoting coolshades
knocking on heaven's door? i am dearly wanting it to break 6200 and then look for longs.

btw, for all those who are desperate to short cable or euro....... dont...
Oh yes I forgot to reply... personally I would like to see a nice clear daily close above 6200... if you get that then I reckon it's a green light for buying. However, I should add that I don't follow that currency and don't have full charts for it so I could easily be wrong!
  • #1,895
  • Jul 30, 2010 2:10pm Jul 30, 2010 2:10pm
Quoting lovejoy80
That is one hell off an area on G/CAD that's for sure. If it wasn't Friday that 1HR pin could have pointed to a break. Whichever pair out of GU and UC decides to break higher / lower or reverse first will be the key...I know which one I favour

With regards EU and GU I would not be opening any longs here...they are nearing daily PPZ areas now so next week we'll see how strong this up trend actually is...I have my doubts as to whether we'll go much higher, but that's just my personal opinion.
Ah look and there I was adding to my positions this morning! Well actually it was just EU... adding at 1.3000. GU I would agree to wait for a bit more of a retracement... perhaps 1.5500 for me... if we get back there!
  • #1,896
  • Jul 30, 2010 2:19pm Jul 30, 2010 2:19pm
Quoting DanUK
Ah look and there I was adding to my positions this morning! Well actually it was just EU... adding at 1.3000. GU I would agree to wait for a bit more of a retracement... perhaps 1.5500 for me... if we get back there!
A nice easy area that was to take a long...I bet you're sitting on hundreds of pips profits as usual aren't you Dan with your trend trades

How EU reacts @ 1.3120 area is key to whether the trend will continue IMO.
  • #1,897
  • Jul 30, 2010 2:27pm Jul 30, 2010 2:27pm
Quoting lovejoy80
A nice easy area that was to take a long...I bet you're sitting on hundreds of pips profits as usual aren't you Dan with your trend trades

How EU reacts @ 1.3120 area is key to whether the trend will continue IMO.
Not that many... only in the early stages of building long term positions at the moment, I also missed the beginning of the change of trend because I was paying too much attentions to fundies and the "experts" and not paying enough attention to what the charts were telling me.

I am up around 400 pips on EU but more on GU - around 1150 pips (long term positions).

Regards,

Dan
  • #1,898
  • Jul 30, 2010 2:51pm Jul 30, 2010 2:51pm
A little explanation is in order I think...

EUR/USD... I should have been in off of 1.2500 but as I mentioned earlier I missed it. As a result my first trade was a "touch trade" off of 1.2750, a s/r level I like that fell more or less on a 50% retracement and the aqua trendline (which was subsequently revised to the purple trendline after that move). The next trade was another "touch trade" off of 1.3000; due to the fact that it is an important s/r level and the purple trendline.

GBP/USD... again I missed the start and should really have been in from 1.4800 but alas my first position was off of 1.4900 (traded the break of the pin) due to the s/r level and 50% retracement. Next position was a break of the bullish outside bar (well actually it was off of the pin bar that I posted earlier, but that one ended up with partial profit and breakeven on the second half so I haven't included it here) s/r level at 1.52/1.5250, 50% and trendline.

At the moment I will be looking to hold positions and add to GU around 1.55 (depending on price action next week).

Regards,

Dan
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 22 KB
Click to Enlarge Name: gu.gif Size: 22 KB
  • #1,899
  • Jul 30, 2010 4:57pm Jul 30, 2010 4:57pm
Great work Dan.
What was I thinking looking to short G/U
CP
  • #1,900
  • Aug 1, 2010 4:58am Aug 1, 2010 4:58am
I have had my first long term euro position at 3040 and cable at higher on 5650.. not the best price i am sure.

will also be wanting to get on audusd 0.9 or lower.

Quoting DanUK
A little explanation is in order I think...

EUR/USD... I should have been in off of 1.2500 but as I mentioned earlier I missed it. As a result my first trade was a "touch trade" off of 1.2750, a s/r level I like that fell more or less on a 50% retracement and the aqua trendline (which was subsequently revised to the purple trendline after that move). The next trade was another "touch trade" off of 1.3000; due to the fact that it is an important s/r level and the purple trendline....
1 trader viewing now