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Trend Trading All Pairs

  • #7,621
  • Aug 5, 2010 2:41am Aug 5, 2010 2:41am
short USD/CAD trade using weekly, daily, h4. = +61pips and + 82 pips.

TRADE setups on 27th of july:
http://www.forexfactory.com/showthre...86#post3902286

Trade triggered:
http://www.forexfactory.com/showpost...8&postcount=43

Intra trade management:
http://www.forexfactory.com/showpost...0&postcount=46

http://www.forexfactory.com/showpost...6&postcount=47

http://www.forexfactory.com/showpost...5&postcount=45
  • #7,622
  • Aug 5, 2010 4:44am Aug 5, 2010 4:44am
Quoting Mortician.
short USD/CAD trade using weekly, daily, h4. = +61pips and + 82 pips.

TRADE setups on 27th of july:
http://www.forexfactory.com/showthre...86#post3902286

Trade triggered:
http://www.forexfactory.com/showpost...8&postcount=43

Intra trade management:
http://www.forexfactory.com/showpost...0&postcount=46

http://www.forexfactory.com/showpost...6&postcount=47

http://www.forexfactory.com/showpost...5&postcount=45
well done on that trade.
  • #7,623
  • Aug 5, 2010 4:51am Aug 5, 2010 4:51am
by the way, I am long euro since this morning.
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  • #7,624
  • Aug 5, 2010 7:08am Aug 5, 2010 7:08am
Quoting Mortician.
short USD/CAD trade using weekly, daily, h4. = +61pips and + 82 pips.

TRADE setups on 27th of july:
http://www.forexfactory.com/showthre...86#post3902286

Trade triggered:
http://www.forexfactory.com/showpost...8&postcount=43

Intra trade management:
http://www.forexfactory.com/showpost...0&postcount=46

http://www.forexfactory.com/showpost...6&postcount=47

http://www.forexfactory.com/showpost...5&postcount=45

what a nice and clean setup....
good job
  • #7,625
  • Aug 5, 2010 9:27am Aug 5, 2010 9:27am
I would not be surprised if the 'smart money' is going to use tomorrow's NFP-news release as an 'occasion' to unload batches of sell orders to reverse EU, GU and AU.

What do you think?
  • #7,626
  • Aug 5, 2010 10:16am Aug 5, 2010 10:16am
Quoting AndreasF
I would not be surprised if the 'smart money' is going to use tomorrow's NFP-news release as an 'occasion' to unload batches of sell orders to reverse EU, GU and AU.

What do you think?
you forget how the market works in such occasions. When the market spikes most orders don't even trigger. if the NFP is very bullish, there will only be buyers and no sellers, and that will make price shoot up, until the buyers and sellers are in balance again. But during that time, there will virtually not be any transaction. The market doesn't move because of transactions, it moves because of open interest, an imbalance between buyers and sellers. So even banks can't unload their large orders during the release. Cause there won't be anybody on the other side. But the market will move hard until there is a balance of buyers and sellers again.

Anyways, I know we have a different opinion on those pairs. I personally think the trend will continue up. But just my opinion for now.

cheers

EDIT: oh and I forgot: http://www.forexfactory.com/showthread.php?t=7484. This is a thread on how the market works. Maybe you wanna check it out.
  • #7,627
  • Aug 5, 2010 10:26am Aug 5, 2010 10:26am
Hi Custos

Thanks for your very valuable and logical explaination.
I missed that point completely.

Cheers
Andreas

Quoting Custos
you forget how the market works in such occasions. When the market spikes most orders don't even trigger. if the NFP is very bullish, there will only be buyers and no sellers, and that will make price shoot up, until the buyers and sellers are in balance again. But during that time, there will virtually not be any transaction. The market doesn't move because of transactions, it moves because of open interest, an imbalance between buyers and sellers. So even banks can't unload their large orders during the release. Cause there won't be anybody on...
  • #7,628
  • Aug 5, 2010 12:32pm Aug 5, 2010 12:32pm
Quoting Custos
you forget how the market works in such occasions. When the market spikes most orders don't even trigger. if the NFP is very bullish, there will only be buyers and no sellers, and that will make price shoot up, until the buyers and sellers are in balance again. But during that time, there will virtually not be any transaction. The market doesn't move because of transactions, it moves because of open interest, an imbalance between buyers and sellers. So even banks can't unload their large orders during the release. Cause there won't be anybody on...
Thanks for the link Custos ...
  • #7,629
  • Aug 5, 2010 12:54pm Aug 5, 2010 12:54pm
This one seems to be testing and holding at the support level quite successfully ....anyone looking to trade a break out ?
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  • #7,630
  • Aug 5, 2010 1:18pm Aug 5, 2010 1:18pm
Quoting MktScape
This one seems to be testing and holding at the support level quite successfully ....anyone looking to trade a break out ?
not really sure on this pair right now. But I am downbiased, since the longer term time-frames are down.
  • #7,631
  • Aug 5, 2010 2:03pm Aug 5, 2010 2:03pm
Quoting Custos
not really sure on this pair right now. But I am downbiased, since the longer term time-frames are down.
ok .... lets see if it holds further at this level or melts down .... i didnt really saw the weekly ...but thanks for the heads up ...

I'll do a full review in the evening or Friday (for next week trades). This week hasnt been too productive for trading as i missed my weekend analysis due to some chores .
  • #7,632
  • Edited 10:50am Aug 6, 2010 9:39am | Edited 10:50am
I really recommend you guys reading this thread:
http://www.forexfactory.com/showthread.php?t=245149

I was reading it over the last couple of days. It is something I also still have to learn and am not good at in the moment.

It's about position trading, about letting your profits run thousands of pips. His arguments are very convincing for letting positions open for months or years. And with our touch trade method here or whatever method, you have a low risk with a potential reward of thousands of pips. I yet have to have a thousand pip trade (I was always too impatient to let one run that far).

And this thread turns your focus again on what's important, the major trend (weekly & monthly trend).

Please read this thread and tell me what you think guys
  • #7,633
  • Aug 6, 2010 10:27am Aug 6, 2010 10:27am
Thanks for the link, Custos
I will study it during weekend

Cheers
Andreas


Quoting Custos
I really recommend you guys reading this thread:
http://www.forexfactory.com/showthread.php?t=245149

I was reading it over the last couple of days. It is something I also still have to learn and am not good at in the moment.

It's about position trading, about letting your profits run thousands of pips. His arguments are very convincing for letting positions open for months or years. And with our touch trade method here or whatever method you have a low risk with a potential reward of thousands of pips. I yet have to have a thousand...
  • #7,634
  • Aug 6, 2010 10:47am Aug 6, 2010 10:47am
Quoting Custos
I really recommend you guys reading this thread:
http://www.forexfactory.com/showthread.php?t=245149
Thanks to good data...Custos.

Saludos
  • #7,635
  • Aug 6, 2010 10:54am Aug 6, 2010 10:54am
Quoting Custos
I really recommend you guys reading this thread:
http://www.forexfactory.com/showthread.php?t=245149

I was reading it over the last couple of days. It is something I also still have to learn and am not good at in the moment.

It's about position trading, about letting your profits run thousands of pips. His arguments are very convincing for letting positions open for months or years. And with our touch trade method here or whatever method you have a low risk with a potential reward of thousands of pips. I yet have to have a thousand...
Hey Custos,
You have raised an important aspect ...i.e. long term trading. I was thinking on the same lines i.e. to have both a long term and short term strategy in place and let the long term trades take its course and for the short run we will do what we do.

Actually J16 tends to follow a similar strategy but i believe they use Daily as their highest TF.


Lets read and discuss.

Cheers
  • #7,636
  • Aug 6, 2010 10:59am Aug 6, 2010 10:59am
Quoting MktScape
Hey Custos,
You have raised an important aspect ...i.e. long term trading. I was thinking on the same lines i.e. to have both a long term and short term strategy in place and let the long term trades take its course and for the short run we will do what we do.

Actually J16 tends to follow a similar strategy but i believe they use Daily as their highest TF.


Lets read and discuss.

Cheers
problem with j16 is that they have profit targets. This guy basically advocates to not use profit targets at all and just to let the trend show its hands.
He won't trail his stop, just move it to b/e. And once you are uncertain what price will do, you cancel out a bit of the trade and reinvest it somewhere else where you are more certain.

But read yourself, I think very enlightening. I for sure will try that out.

cheers
  • #7,637
  • Aug 6, 2010 11:31am Aug 6, 2010 11:31am
Quoting Custos
I really recommend you guys reading this thread:
http://www.forexfactory.com/showthread.php?t=245149

I was reading it over the last couple of days. It is something I also still have to learn and am not good at in the moment.

It's about position trading, about letting your profits run thousands of pips. His arguments are very convincing for letting positions open for months or years. And with our touch trade method here or whatever method, you have a low risk with a potential reward of thousands of pips. I yet have to have a thousand...
That is pretty funny, as I was just waiting for my trade to end from today and was browsing around for kicks. Started reading that thread and was going to recommend it here as it made some good points. You beat me to it:
protect capital - i.e. kill a losing trade early if evident it is not working
let winners run - this is something you don't see much here on these forums. I do this with my own trading but notice that threads like BRV and j16 apparently advocate scalping. Personally I scale most of the position out at around 1:10 - 1:20 risk:reward, and leave like 5% on the table for big runners, hoping they stack over time. His method is more for the trader who doesn't withdraw profits. Can't comment on his holds toned down to a lower scale of time.

Never been into hedging, so I can't comment on his methods regarding that. He made some assumptions here and there in the thread that are flat wrong (such as generalizing how pro's trade), but they are few and far between.
  • #7,638
  • Aug 6, 2010 11:49am Aug 6, 2010 11:49am
Quoting Custos
I really recommend you guys reading this thread:
http://www.forexfactory.com/showthread.php?t=245149

I was reading it over the last couple of days. It is something I also still have to learn and am not good at in the moment.

It's about position trading, about letting your profits run thousands of pips. His arguments are very convincing for letting positions open for months or years. And with our touch trade method here or whatever method, you have a low risk with a potential reward of thousands of pips. I yet have to have a thousand...
Hello Custos!
I read this thread from the time it started. It's outstanding information, and author repeat old conception, that big money can be earned by trend trading with multiple adding to winning positions.

Also author describes original conception about hedging. It's really one of the best threads here on FF.

But you also can see that DanUK trades in simmilar concept, but without hedging.

For me ideal concept is to have 2 trading styles: one global position trend trading, and second - short-term trading.

Also you should read domino thread, he also have good thoughts about daily trend trading.
Per aspera ad astra
  • #7,639
  • Aug 6, 2010 12:55pm Aug 6, 2010 12:55pm
Quoting randomperson
That is pretty funny, as I was just waiting for my trade to end from today and was browsing around for kicks....
I totally agree with the points you made.
What I like especially is this letting winners run thing, gonna be interesting over time to see how well this works.

cheers
  • #7,640
  • Aug 6, 2010 12:57pm Aug 6, 2010 12:57pm
Quoting Ihor
Hello Custos!
I read this thread from the time it started. It's outstanding information, and author repeat old conception, that big money can be earned by trend trading with multiple adding to winning positions.

Also author describes original conception about hedging. It's really one of the best threads...
thanks for your comments and for your thread recommendations
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