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Trend Trading All Pairs

  • #7,861
  • Aug 28, 2010 10:39am Aug 28, 2010 10:39am
Returning to this thread to try to find information and further enlightenment is becoming really frustrating. As a gentle reminder, the thread name is Trend Trading All Pairs.

It has wandered far from that. Why even have a title and a theme for the thread when at post #7800+ it has seemingly drifted completely away from that subject?

And now this cat fight? Really folks, why don't you all take this kind of criticism and nattering over to the Private Messaging area where you can conduct your spitting and clawing in some privacy? Wouldn't that be more grownup, not to mention more productive? At least for the rest of us.

I find it particularly amusing to look at some of your profile tag lines ...

"Nothing much to say" (Really?)

"Emotion is your enemy in trading" (Ah, yeah, and this thread is increasingly proof of that)

Could all participants in this hissy-fit just take it someplace private because the rest of us are here are for developing and strengthening our trading prowess.

There are some things that just shouldn't be done in public.

And in the case of this (now misnamed) thread, developing the finer points of understanding Trend Trading and the strengths it offers would allow those of us here to return to the reason why we were attracted to the thread in the first place.

It appears to this participant that forum threads are incapable of sticking to the subject that is the attraction for why people gravitated here in the first place. It has become virtually impossible to find any current developments and additional discoveries on the subject of Trend Trading here.

And please, if anybody is going to use this post to now attack me, please do it where others won't have to waste their time wading through the cat spittle. Because I will not respond to such personal content here. In fact I probably won't respond to it at all.

Could we now get back to a discussion of Trend Trading as first covered here (oh so long ago!) by NightMoves and as taught by Hector DeVille?

Thank you.
  • #7,862
  • Aug 29, 2010 5:43pm Aug 29, 2010 5:43pm
Quoting Custos
yep, those breakouts are very interesting. I am actually testing out what the best setup is for breakouts, but as I stressed before the london session tends to break levels, thus that session should be used for breakout trades.
Just discovered this thread. Pls can u direct me to de post on "touch trade"? I'll like to understand it more. thanks.
  • #7,863
  • Aug 30, 2010 1:57am Aug 30, 2010 1:57am
Good morning

What about buying about RN 85.00

Regards
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  • #7,864
  • Aug 30, 2010 2:25am Aug 30, 2010 2:25am
Quoting MktScape
here is a good point from BRVs website which i thought worth repeating again with respect to breakouts
On breakouts, my take on it.

I wasn't in front of computer for this one but have used the set up many times.

EJ almost gets to 106, and bounces some 70 pips. Then it falls to 25 level and the bounces get smaller and smaller. Smaller bounces from a level is a high prob signal that the level will fail.

When the right set up occurs, 1hr down, 15 min down, 5 min lower high with little/low lower wick on set up candle there's a good chance its going to break through.
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  • #7,865
  • Aug 30, 2010 8:48am Aug 30, 2010 8:48am
Daily: four interesting setups, the best looking is imho USD/JPY (good stratigt channel, I will wait for a deeper pullback to the 30-50 SMA area and after market reverses will look for entry.

Two setups: cad/chf and usd/chf - I'm still undecided which is better, but we will have time to do so. Of course we should choose one as trading both will be too risky - as it may be that we will be trading the same move.

Last one: cad/jpy looks good, but also we should choose better one (the second is usd/jpy) as situation matures.
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  • #7,866
  • Aug 30, 2010 9:43am Aug 30, 2010 9:43am
H4: Interesting situation - four setups with swissie. I will take gbp/chf or eur/chf if it breaks out.

USD/CAD - cross over close to curent position and it looks as if actual move is first bounce from area of 30-50, so it will be better to patiently wait how current situation develops.
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  • #7,867
  • Aug 30, 2010 9:53am Aug 30, 2010 9:53am
H1 - interesting but untradable situation, it looks as if on all pairs we have first bounce from the 30-50 area so it is better to wait if trend develops.
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  • #7,868
  • Aug 30, 2010 11:04am Aug 30, 2010 11:04am
M30 - untradable.

M15 - nothing interesting at this moment.

M5 - several good looking setups, I will consider gbp/jpy or cad/jpy and aud/chf.
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  • #7,869
  • Aug 30, 2010 11:18am Aug 30, 2010 11:18am
Tony's system:

I have read over 1000 posts and have better knowledge of his system.

There are several important points;

1.
Tony in one post states that he has 36 losses or BE in a row, 70 pip loss overall. He trades 3 opens and also 8+ pips candles with continuation.

2.
Why he rejects the idea of trading close to important S/R points?

According to his experience (fourth year with this system) you should enter BEFORE the move - in the first seconds of London session because if main volume comes there is a lot of chaotic moves up and down and it is impossible to hold an order in the market - it will be surely closed.

3. He is very successful - I believe over 90% of his trades are losses or BE trades, but several wins are "epic" as he describes them

I will read the rest of his thread and then update my conclusions.
  • #7,870
  • Aug 30, 2010 11:59am Aug 30, 2010 11:59am
Has anyone gone through Hector's new forex course, LearnForexLive?

It seems like he is relying more on indicators for entry and exits. Is this true? Are his new strategies less conservative?

I have his older 3 SMA course, and is thinking of getting the new course.
  • #7,871
  • Aug 30, 2010 12:24pm Aug 30, 2010 12:24pm
Quoting MysticRiver
M30 - untradable.

M15 - nothing interesting at this moment.

M5 - several good looking setups, I will consider gbp/jpy or cad/jpy and aud/chf.
I like the daily, h4, and can tolerate h1/15mins. But anything less than that, i am not sure, due to noise levels.

Look at the GBP/CHF weekly. Solid setup. A break below, followed by a bpc should be profitable.

usd/cad is too messy for me on the weekly chart.

aud/jpy is a pennant formation. check the daily.

aud/nzd daily shows a consolidation after the breakout from this level
http://www.forexfactory.com/showpost...1&postcount=29

EUR/NZD is a utterly directionless consolidation right now. check the daily.

AUD/CAD h1/15mins already completed the 1, 2,3 formation and on its way, methinks.

EUR/AUD daily = pennant formation.
  • #7,872
  • Aug 30, 2010 12:27pm Aug 30, 2010 12:27pm
Quoting MysticRiver
Tony's system:

I have read over 1000 posts and have better knowledge of his system.

There are several important points;

1.
Tony in one post states that he has 36 losses or BE in a row, 70 pip loss overall. He trades 3 opens and also 8+ pips candles with continuation.

2.
Why he rejects the idea of trading close to important S/R points?

According to his experience (fourth year with this system) you should enter BEFORE the move - in the first seconds of London session because if main volume comes there is a lot of chaotic moves up and down...
Thanks, we all appreciate it. I have read through the entire thread. From start to finish. The only viable, sensitive way to trade it is to combined/merge the technique with LOB trades, in my humble opinion.

Quoting ahks
Has anyone gone through Hector's new forex course, LearnForexLive?

It seems like he is relying more on indicators for entry and exits. Is this true? Are his new strategies less conservative?

I have his older 3 SMA course, and is thinking of getting the new course.

With a due respect to hector(for he is a master), the old course is superior to the new course.
  • #7,873
  • Aug 30, 2010 1:57pm Aug 30, 2010 1:57pm
Quoting Mortician.
With a due respect to hector(for he is a master), the old course is superior to the new course.
I too was thinking of getting his new course. Why do you say the old one is superior?
  • #7,874
  • Aug 30, 2010 2:07pm Aug 30, 2010 2:07pm
Quoting Jackk
Good morning

What about buying about RN 85.00

Regards
I wouldn't buy at 85. The fundamentals are not in your favor and the news out this week looks to be very pessimistic. While there is potential for the dollar to increase against the yen, the odds are not in your favor. I would look to buy around low 84ish, and then place a wide stop loss and look for 100 plus pips. Word on the street is that the yen could go as low as 80, maybe lower before the Japanese Government decides to step up and intervene in the markets. With the current political situation in that country that scenario seems highly likely
  • #7,875
  • Aug 31, 2010 6:49am Aug 31, 2010 6:49am
Quoting Andy_G
I too was thinking of getting his new course. Why do you say the old one is superior?
Hey Andy,

I have both. Quite honestly if you have the first one you dont really need the second.

I know he has "revamped" the new LFL course which i dont get nor need. However, i cant give my humble opinion on it.

Your choice buddy
  • #7,876
  • Aug 31, 2010 9:10am Aug 31, 2010 9:10am
Quoting MysticRiver
Tony's system:

I have read over 1000 posts and have better knowledge of his system.

There are several important points;

1.
Tony in one post states that he has 36 losses or BE in a row, 70 pip loss overall. He trades 3 opens and also 8+ pips candles with continuation.

2.
Why he rejects the idea of trading close to important S/R points?

According to his experience (fourth year with this system) you should enter BEFORE the move - in the first seconds of London session because if main volume comes there is a lot of chaotic moves up and down...
This is what i am going to do. Since tony trade frankfurst and london open. I will ignore the NY open.

I will merge the tony system with hector LOB. Using the 1 minute candle as entry signal. SL at 10 pips(or 10 pips + spread for exotics), BE the trade at + 10 pips. Close it out ADR or 80% ADR.

I will start this experiment today. LIVE. We will see how this goes. Then, i will compare the results to tony's thread result.
  • #7,877
  • Aug 31, 2010 9:14am Aug 31, 2010 9:14am
Quoting Andy_G
I too was thinking of getting his new course. Why do you say the old one is superior?
No indicators. It is clear, focused, logical, and concentrated. Price action, fibs, rn, 3sma(to determine trend). that is it....then everything after that becomes commercialized, unfortunately.

In my humble opinion, if you intelligently read the threads on FF, and combed and recombine enough tactics. You dont need any course.

All the good traders simply trade S/R zones. that is all there is to it.
  • #7,878
  • Sep 1, 2010 6:04am Sep 1, 2010 6:04am
Hi Guys and Girls,

I thought I would let you know that I recently decided to backtest the EUR/USD and AUD/USD pairs using the trend following system as defined in this thread (waiting for the 1-2-3 confirmations) without using MA's and only basic price action.

I found that over the course of 6 months this system was really quite profitable. I am talking if you risked nothing more than 2% per trade and you only traded off the 4 hour chart trading these two pairs you would be up 50% in little over six months from Jan to July of this year.

The reason I did this was to see how the results compared when trading this purely from technicals as oppose to also taking into account the fundamentals. Basically in the hope that this could eventually be coded into a mechanical type system.

Anyone who has been trading this system over the past six months would you agree with theses results being fairly consistent with the live environment?
  • #7,879
  • Sep 1, 2010 8:19am Sep 1, 2010 8:19am
Quoting PipRiderFX
Hi Guys and Girls,

I thought I would let you know that I recently decided to backtest the EUR/USD and AUD/USD pairs using the trend following system as defined in this thread (waiting for the 1-2-3 confirmations) without using MA's and only basic price action.

I found that over the course of 6 months this system was really quite profitable. I am talking if you risked nothing more than 2% per trade and you only traded off the 4 hour chart trading these two pairs you would be up 50% in little over six months from Jan to July of this year.

The...
Hector system is solid.


I did a combination of hector LOB with tony system today using the 1minute candle as entry. Unfortunately, i wasnt able to post the trade on time.

LOB is between US est 8am to 10am. As such, only breakouts within that time frame is taken into consideration.

I have attached the charts below. I will make sure the next one was a live trade.
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  • #7,880
  • Sep 1, 2010 9:25am Sep 1, 2010 9:25am
Hey Moritician,

So do you trade both the LOB as well as the trend trading stuff as well as his counter trend trading systems?

How are the y all working for you? How long have tyou been trading them?

What is the Tony System?

Thanks
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