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Trend Trading Chart Thread

  • #2,081
  • Aug 21, 2010 3:51am Aug 21, 2010 3:51am
For next week i like the look of:

 

  1. long nzdusd daily pin bar of 7000 large Rn and S&R area, looking to trade the break of this bar at 7080.
  2. long gbpusd of daily pin bar @ 5500 RN and S&R area.

Also still in my gbpaud trade currently +65 pips.

  • #2,082
  • Aug 21, 2010 10:25am Aug 21, 2010 10:25am
Next week.
E/CHF Will buy at 1.30789 piv point.
G/J day pin long maybe.
E/U & A/U at strong support now, looking to short at any signal.
G/U long on the pin.
CP
  • #2,083
  • Aug 21, 2010 11:17am Aug 21, 2010 11:17am
gu i like going long, 55 is a very level and so far has not breached it. i have nothing on daily or weekly, but on h4 i have two long tailed bullish looking bars. so wait and watch and maybe go long at 5560.

euro weekly is still bear i have a very small amount on sell.

AUD, i have a buy on the break of the bullish h4 pins, depending on the outcome of the elections, might close or keep that open tomorrow. however daily is a very strong bullish pin, so all conflicting signals on audusd

on eurnzd there is an inability to breach 8300 and i have two consecutive long tailed bearish looking pins.

lets see what happens tomorrow. right now the only clear trade i might take is cable long.
  • #2,084
  • Aug 22, 2010 3:57pm Aug 22, 2010 3:57pm
Quoting coolshades
why?
EDIT: am uncomfortable with conflicting signals on weekly and h4 on audusd and nzdusd. weekly says bear, h4 says bull.

what are your opinions folks? commander?
Hi guys,

AUD/USD - still a bit of a mess, with no real clear trend. Last weeks' bar formation looks indecisive - no particular bias either way in my opinion. Daily however shows a nice looking pin bar off the 50%, trendline and 0.8900 level. Looks reasonable for a long but I would be cautious of 0.9000 - major round number that could be a show stopper!

Regards,

Dan
  • #2,085
  • Aug 22, 2010 4:22pm Aug 22, 2010 4:22pm
Just logged on to move my gbpaud to BE and found it has gapped 150 pips on the open taking out my stop, dam elections why why why didn't i move to BE on Friday knowing an election was happening?
  • #2,086
  • Aug 22, 2010 4:32pm Aug 22, 2010 4:32pm
commiserations for the outcome of that trade. These things happen sometimes. I was caught out to sometime ago short the euro and they came up with a package to help greece out of their distress. Needless to say I was stopped out beyond my stop and I had great hopes for that trade

Chalk it up to experience.


Olu
If you think you can or cannot do it you are correct
  • #2,087
  • Aug 22, 2010 6:50pm Aug 22, 2010 6:50pm
Hi Bez,
Ssssshrrrrrrrfffffkkkkk!!!!!
Same here, why oh why.
Sometimes take the money and run.
CP
  • #2,088
  • Aug 23, 2010 8:05am Aug 23, 2010 8:05am
anyone daring to go long? i have a buob that closes above 3150
  • #2,089
  • Aug 23, 2010 8:20am Aug 23, 2010 8:20am
how did you guys manage to stop out? the gap was just about 70 points or so and if you entered at 7500 surely you wld have a stop of 150-200 points?

Quoting crazzypip
Hi Bez,
Ssssshrrrrrrrfffffkkkkk!!!!!
Same here, why oh why.
Sometimes take the money and run.
CP
  • #2,090
  • Aug 23, 2010 9:28am Aug 23, 2010 9:28am
Quoting coolshades
how did you guys manage to stop out? the gap was just about 70 points or so and if you entered at 7500 surely you wld have a stop of 150-200 points?
It closed at 7373 on Friday and opened at 7517 so 144 pips, i entered at 7440 and my stop was at 7520 just above the previous swing high. Price reached 7533 so taking my SL out by 13 pips. Price is now sitting 100 pips lower so at least my entry was correct but the trade was hampered by the election i think.
  • #2,091
  • Aug 23, 2010 9:31am Aug 23, 2010 9:31am
Quoting coolshades
anyone daring to go long? i have a buob that closes above 3150
No buob on my feed so nothing happening for me.
  • #2,092
  • Aug 23, 2010 9:33am Aug 23, 2010 9:33am
ok, i entered at 7500 and had a stop at 7700, so i survived. just closed half my lot for 170 and rest awaiting 7300. lets see.


Quoting bez3000
It closed at 7373 on Friday and opened at 7517 so 144 pips, i entered at 7440 and my stop was at 7520 just above the previous swing high. Price reached 7533 so taking my SL out by 13 pips. Price is now sitting 100 pips lower so at least my entry was correct but the trade was hampered by the election i think.
  • #2,093
  • Aug 23, 2010 9:35am Aug 23, 2010 9:35am
Quoting coolshades
ok, i entered at 7500 and had a stop at 7700, so i survived. just closed half my lot for 170 and rest awaiting 7300. lets see.
  • #2,094
  • Aug 23, 2010 9:42am Aug 23, 2010 9:42am
my only other trade is a cadjpy long off a h4 buob. but likely to get stopped out. i didnt have the balls to take that eurchf
  • #2,095
  • Aug 23, 2010 9:48am Aug 23, 2010 9:48am
Quoting coolshades
my only other trade is a cadjpy long off a h4 buob. but likely to get stopped out. i didnt have the balls to take that eurchf
I am still long of my daly pin bars:
gbpusd @ 15560
nzdusd @ 07080
  • #2,096
  • Aug 24, 2010 2:22am Aug 24, 2010 2:22am
I had a feeling that GBP/USD was going to break 1.5500 eventually (noted in my mini-blog last night) but I didn't realise it would drop so quickly!

I will be looking for a reasonable place to get in on the southbound train... 1.5000 next?
  • #2,097
  • Aug 24, 2010 4:26am Aug 24, 2010 4:26am
i am looking for a retrace to 545 to enter and if that doesnt happen, then the next pa . i think 5200 is next level to target.

i ofcourse noticed possible entries yesterday, only today. couldnt take any of those due to work.

i also have a highly speculative pending buy on eurchf off the bullish daily pin of yesterday

Quoting DanUK
I had a feeling that GBP/USD was going to break 1.5500 eventually (noted in my mini-blog last night) but I didn't realise it would drop so quickly!

I will be looking for a reasonable place to get in on the southbound train... 1.5000 next?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_h4_aug2010.png Size: 35 KB
  • #2,098
  • Aug 24, 2010 7:29am Aug 24, 2010 7:29am
commander, i suspect you have taken a short touch trade off 5450 or 5400
  • #2,099
  • Aug 24, 2010 7:32am Aug 24, 2010 7:32am
Quoting coolshades
commander, i suspect you have taken a short touch trade off 5450 or 5400
Hi Coolshades,

No, I was waiting for a retest of 1.5500 before getting in... I like a big discount! Of course I may have missed the entry... for now.

Regards,

Dan
  • #2,100
  • Edited 9:40am Aug 24, 2010 9:27am | Edited 9:40am
your wish is the market's command sir! be ready
i presume also adding to your position on euro, at 2700..

Quoting DanUK
Hi Coolshades,

No, I was waiting for a retest of 1.5500 before getting in... I like a big discount! Of course I may have missed the entry... for now.

Regards,

Dan
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