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Trend Trading Chart Thread

  • #2,101
  • Aug 24, 2010 10:59am Aug 24, 2010 10:59am
This just caught my eye, looking to short on the break of the pin bar.
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  • #2,102
  • Aug 24, 2010 11:59am Aug 24, 2010 11:59am
yes have a pending sell at 8170 ish targetting 8130-8100 ish. i dont have a pin but a beob. the next h4 was a bull candle but has still closed below the high of beob.

Quoting bez3000
This just caught my eye, looking to short on the break of the pin bar.
  • #2,103
  • Aug 26, 2010 5:27am Aug 26, 2010 5:27am
My short nearly got stopped out earlier today... we've hit the 50% retracement though so hopefully we'll be heading down again!
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  • #2,104
  • Aug 26, 2010 7:10am Aug 26, 2010 7:10am
Quoting DanUK
My short nearly got stopped out earlier today... we've hit the 50% retracement though so hopefully we'll be heading down again!
So, the market didn't do quite as she was told! Stopped out at 1.2750 for +100 pips.
  • #2,105
  • Aug 26, 2010 2:58pm Aug 26, 2010 2:58pm
Still very choppy at the moment, market needs some direction, crazy August trading.
Taking some time out for now, dont want to lose pips made.
CP
  • #2,106
  • Aug 27, 2010 10:44pm Aug 27, 2010 10:44pm
going long on cable next week. this has been a lousy week. aug in whole has been crap.

some good weekly pins. check out usdcad, eurchf, and some of the jpy pins like usdjpy, audjpy
  • #2,107
  • Aug 28, 2010 12:14am Aug 28, 2010 12:14am
Quoting coolshades
going long on cable next week. this has been a lousy week. aug in whole has been crap.

some good weekly pins. check out usdcad, eurchf, and some of the jpy pins like usdjpy, audjpy
I agree about August being lousy that's something else I've learnt, not to trade August again 
  • #2,108
  • Aug 30, 2010 4:16am Aug 30, 2010 4:16am
usdcad = I like the look of the weekly pin looking to short at 1.0450
gbpjpy = looking to go long of the weekly pin at 1.3250

eurgbp = still short from 8190
eurusd = still short from 1.2700
gbpchf = still long from 1.5950
  • #2,109
  • Aug 30, 2010 4:38am Aug 30, 2010 4:38am
Quoting bez3000
usdcad = I like the look of the weekly pin looking to short at 1.0450
gbpjpy = looking to go long of the weekly pin at 1.3250

eurgbp = still short from 8190
eurusd = still short from 1.2700
gbpchf = still long from 1.5950
mm.....weekly pins on eu and gu also, have you noticed?
i am looking to go long once e opportunity present itself
we r on opposing sides!
:/
  • #2,110
  • Aug 30, 2010 8:42am Aug 30, 2010 8:42am
Quoting herzog21
mm.....weekly pins on eu and gu also, have you noticed?
i am looking to go long once e opportunity present itself
we r on opposing sides!
:/
ooppss you are right didn't notice (must get more screen time) Thanks....
  • #2,111
  • Aug 30, 2010 5:19pm Aug 30, 2010 5:19pm
Hi guys,

I see the weekly pins but I am not too keen on them. My personal reasons are as follows:

EUR/USD is counter-trend (I am currently trading short off the H4 charts from 1.2750). It does look like an ok pin, not perfect looking but reasonable with a bullish close however it isn't really "off" of a major S/R level.

I prefer the GBP/USD pin as it is "off" of a much better location (1.5500 being a pretty good level) and the break of the high would be a positive signal for a move potential up to 1.5800 and perhaps beyond. However it isn't a great looking pin and the break of the low could signal a move further down (initial target could be 1.5000). I do not currently have a trade bias on GBP/USD however I favor a short position - particularly if we can move beyond the 1.5500 level which is proving to be a little bit of a struggle at the moment. I reckon we should get some more direction this week though.

Of course that's just my personal view - not trade advice - and I could well be completely wrong! Everyone should trade as they see fit!

Regards,

Dan

PS... Been a very busy day for me and I've only just got home (hence the late post) so I am hitting the sack for a couple hours sleep before London opens!!
  • #2,112
  • Sep 2, 2010 9:50am Sep 2, 2010 9:50am
A new month time for some new trades and to put ugly August behind us!

Anyone short eurchf with me?
Entered 1.30000 due to 50%fib, support, good bearish trend.
Price broke 1.3100 which was the previous support area so now there is nothing to stop this pair.
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Click to Enlarge Name: eurchf.png Size: 39 KB
  • #2,113
  • Sep 2, 2010 11:16am Sep 2, 2010 11:16am
Quoting bez3000
A new month time for some new trades and to put ugly August behind us!

Anyone short eurchf with me?
Entered 1.30000 due to 50%fib, support, good bearish trend.
Price broke 1.3100 which was the previous support area so now there is nothing to stop this pair.
Hi Bez

that seems to be an interresting trade. this EC has not been so deep for a long time. I do not even know if it has ever been this deep

Good luck to your trade!
Kind Regards zol
  • #2,114
  • Sep 3, 2010 5:45am Sep 3, 2010 5:45am
i am these days waiting for pa at even the 50% fib. i dont take touch trades, that can be my loss occassionally, but days like today, i am happy.

i mean wrt the eurchf ofcourse.that set up was on my radar, but was waiting for a good beovb or bearish pin, which never came.

Quoting bez3000
A new month time for some new trades and to put ugly August behind us!

Anyone short eurchf with me?
Entered 1.30000 due to 50%fib, support, good bearish trend.
Price broke 1.3100 which was the previous support area so now there is nothing to stop this pair.
  • #2,115
  • Sep 3, 2010 7:59am Sep 3, 2010 7:59am
Quoting coolshades
i am these days waiting for pa at even the 50% fib. i dont take touch trades, that can be my loss occassionally, but days like today, i am happy.

i mean wrt the eurchf ofcourse.that set up was on my radar, but was waiting for a good beovb or bearish pin, which never came.
Yes not happy the way that turned out it looked a good setup
  • #2,116
  • Sep 3, 2010 6:52pm Sep 3, 2010 6:52pm
Quoting bez3000
ooppss you are right didn't notice (must get more screen time) Thanks....
dude...i hope u have closed yr eu trade for a profit or at least at b/e?

happy pips for u again next week.
=)
  • #2,117
  • Sep 3, 2010 10:49pm Sep 3, 2010 10:49pm
do any of you trade weekly pa and if so how?

there are a few nice pins, bearish eurcad, eurchf bullish,cadjpy, two consecutive weeks bullish,

also look at euraud, seems to have reached a very strong bottom resistance
  • #2,118
  • Sep 4, 2010 5:13am Sep 4, 2010 5:13am
Quoting coolshades
do any of you trade weekly pa and if so how?

there are a few nice pins, bearish eurcad, eurchf bullish,cadjpy, two consecutive weeks bullish,

also look at euraud, seems to have reached a very strong bottom resistance
Hi Coolshades,

I don't trade weekly candles myself but I do watch them for guidance. For instance last week's bullish pin on EU was a fair warning that the Euro bulls were coming and it played out ok (wouldn't have traded though as it wasn't a great setup IMHO).

If however we had weekly PA that supported our current trend I would use it as a signal but I would still enter on either a daily or H4 chart. Hope that makes sense!
  • #2,119
  • Sep 4, 2010 11:20am Sep 4, 2010 11:20am
Hi guys,

As it's been very quiet in here lately I thought I would just post this from my blog, just some thoughts on what's going on in the markets:

Friday's NFP announcement came out better than expected but didn't do much to strengthen the US Dollar. In fact the opposite appears to be true as a return to risk appetite appears to be the order of the day.

If this is true we may see a return to the longer term uptrend for the EUR/USD and GBP/USD. I still have a couple of long term buys in position from before I started this blog (I maintain some long term positions as well as my normal trend trades; these are basically the same as my normal trades but based on weekly trends rather than the 4 hourly/daily trends).

Monday is a holiday in the US and so the markets may not show there true colours until Tuesday onwards - it is also a relatively quiet news week so volatility should be reasonable.

I won't be taking any long (buy) trades just yet as both EUR/USD and GBP/USD are sitting just under key support/resistance levels (1.3000 and 1.5500 respectively). However, a break above these levels will be my signal to buy.

I'm hoping the market will start to pick up next week lol!

Regards,

Dan
  • #2,120
  • Sep 4, 2010 11:25am Sep 4, 2010 11:25am
I was thinking about this.
Any thoughts?
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