Trend Trading All Pairs

I agree we are all adults out here and should act like it, if you dont like a system or a method then dont trade that system, there many methods traded on this thread that I do not trade, the point of the thread is to trade trends and help other traders with what ever method they so desire, I have my method(s) and others have theirs, but because I dont trade a particular method also does not give me license to trash it especially if I know nothing about it.

There are other traders that may find the different methods very usfeul, I dont trade all the methods here not because they are not any good but because I have my own style of trading and thats the only reason.

The one thing these mthods have on common is they are trading in the direction of the trend and not just trading off any support or resistance that happens to pop up.

SO the bashing stops now, and keep in mind this thread is open to everyone even kids, so the language has to be kept in perpective.

Like I have said before their are plenty of the threads that a person can become a lose cannon on if they so desire but it is not going to continue in this thread.

If you want to discuss a particular method thats fine, there are times when a method pops up that is nothing more than a numbers game and even a blind dog finds a bone once in awhile, however the methods I use and any of the regulars here are proven and we have consistantly made profits , if you dont want to trade any of them then its your choice.

So now on with the goal of this thread to trade and help other traders and the noobs.

--NM

I am keeping an eye on the AUDUSD pair on my watch list, the pair is playing around with the weekly resistance and could go either way. This resistance level has held several times in the past.

--NM

Time for me to head out and go design something, I will be back later today...

--Happy Trading

--NM

Nice to see you hear NM.

Welcome back dude.

Lets hustle them pip coins haha.

Pip

Actually, that is what i have seen here. They will just draw lines with points on them and call them "supply and demand" zone and take a position regardless of trend. I discussed this flagrancy, in private, with custos.

I will give you examples. Just thread search andreasf name. I look at all the charts s/he posted and track these trades. The failure rate is alarming. Whenever ANDREASf trades with the trend, s/he gets solid, sometimes stunning results. Every PRO-TREND trades andreasF took worked. Every last one. But when s/he starts razzle-dazzle, gymnastic trades against the higher trend it is usually negative pips after negative pips almost instantly. There was only one anti-trend trade that was positive(aud/cad). Unfortunately, a large portion of ANDREASf trades were taken against the trend with custos blessing. Resulting in instant losses after losses. Why encourage newbies to trade against the trend is beyond me.
Still think i am making stuff up? I have the facts and figures to back them up. Check below.
Below are all of andreasf trades(the ones where s/he posted charts). 13 of them. ALL of them. The results speaks for itself: trade with the trend. Forget razzle-dazzle trades against the trend.

#1.
andreasF took this trade
http://www.forexfactory.com/showthre...81#post4003981
That was short AUD/USD at 0.9170 area on september 7, when AUD/USD is clearly in an uptrend. Why would you do that? Short a massive daily/weekly uptrend? Of course, that trade resulted in a loss. It was anti-trend. AUD/USD quickly blasted through that spot with brutal force, moving against that position by roughly -300pips before starting to reverse.

#2.
Another trade by ANDREASF. shorting USD/CAD at 1.0556 on aug 30th. It was anti-trend. Check the H4.
http://www.forexfactory.com/showthre...21#post3987521
USD/CAD blasted through that short entry point by -100 pips without blinking. Why short that when you can see the sequences of STRONG UPSWINGS on H4. why short against that uptrend? It was an anti-trend trade. It resulted in a strong -100 pips against that short position before reversing.

#3. On august 27th, Here is another trade by ANDREASf. Again, shorting a massive daily/weekly uptrend of AUD/USD at 0.8984
http://www.forexfactory.com/showthre...12#post3982712
What did price do? It gapped through by -50pips before reversing. It was anti-trend. Maybe andreasF sl was wide enough to accomodate.

#4. This trade was PRO-TREND which actually makes sense. I dont know why andreasF doesnt do this more often. Anyways, AndreasF shorted the WEEKLY downtrend in GBP/CAD at 1.6340 on AUG 20th.
http://www.forexfactory.com/showthre...45#post3966645
This was pro-trend, and guess what? It quickly resulted in a gain of +100pips before turning around. It was a perfect entry. Price only moved against that position by -7pips. It was a solid PRO-TREND play.
http://www.forexfactory.com/showthre...45#post3966645
Which goes to my point of PRO-TREND plays.

#6. Unfortunately, ANDREASF then went back to anti-trend plays. SHORTIing the USD/CAD on aug 21st at 1.0485.
http://www.forexfactory.com/showthre...04#post3965704
Just look at the sequence of swings on the daily and especially on the weekly time frame. It was compressing up. The pair blasted through andreasF position by -179 pips against the short side. "Blasted through" are the words.
http://www.forexfactory.com/showthre...04#post3965704
It was an anti-trend trade.
You can see andreasF taking some of these trades with custos blessings...which is what worries me. Dont try to be too clever with the market with razzle-dazzle. keep it simple: trade with the trend.

#7.Another anti-trend one by andreasF. Why trade like this? This one was anti-trend. Since EUR/CHF trend was down, down, down on all time frame.. andreasf went long eur/chf aug16th at 1.3312.
http://www.forexfactory.com/showthre...41#post3950241
Price quickly moved against that position by -50pips. Maybe andreasF sl was wide enough to accomodate, who knows?

#8 This EUR/USD trade was PRO-TREND. Now we are talking! On august 12th. at 1.2750 long position.
http://www.forexfactory.com/showthre...63#post3942063
Guess what happened? It instantly worked too for +150pips before reversing. Price only moved against that position by a mere, measly -20pips. Which is nothing.
http://www.forexfactory.com/showthre...63#post3942063
Again which goes to point of only trading with the trend.

#9. AndreasF took a PRO TREND play with GBP/NZD at 2.2100 on a aug 15th. It instantly gave a +120 pips before reversing. Instantly.
http://www.forexfactory.com/showthre...73#post3948673
Price only moved against that position by a silly -4pips. Which goes to show the power of trend trading all pairs.
Which proves the point was trying to make to CUSTOS about only trading with the trend.

#10. This short AUD/CAD trade 0.9374 worked for about +126pips on august 12. It was anti-trend. This was the only solid ANTI-TREND play i have seen posted by andreasF. Price moved against position by -20pips before yielding the +126 pips.
http://www.forexfactory.com/showthre...82#post3940982

#11. On august 7. andreas took a ANTI-TREND trade on USD/JPY. Long at 85.77 and 84.74.
http://www.forexfactory.com/showthre...62#post3929362
The 85.77 position was instantly wiped for -78 pips. The 84.74 long positon did well to a tune of +163 pips before reversing. Before price turned around and blasted throught that level to a tune of -183 pips. Why trade against the trend?

#12. On august 4, A short USD/CAD anti-trend trade. Total loss. Instantly. -85pips and -34pips before price reversed itself.
http://www.forexfactory.com/showthre...77#post3922377
I dont know why andreasF keeps taking anti-trend plays and custos keep giving his blessings to these trades.

#13. On august 2, anti trend short GBP/USD at 1.5788 and 1.5811. Total , instant loss for -200pips before price reversed. It was a rocket blast through those levels.
http://www.forexfactory.com/showthre...27#post3915127
Why trade against the trend?

I think i have made my points with facts and figures.

Bottomline: EVERY SINGLE PRO-TREND plays by ANDREASf WORKED. every single one. Only one counter-trend plays(aud/cad) actually performed the same way that the protrend plays performed. I wrote about these things to custos, in private, expressing my concerns, before everybody thinks i am the bad guy here.

It is spreading too...look at this post by jackk : http://www.forexfactory.com/showpost...postcount=7891

I had to express my concerns here: http://www.forexfactory.com/showpost...postcount=7892

And what do you know? The very next day, AUD/USD blasted through against-- that position by roughly 100pips.

Here is another one by jackk:http://www.forexfactory.com/showpost...postcount=7863
That level was completely destroyed by the USD/JPY to a tune of -212 pips as we all well know. The trend is down, why try to go long, mr.jackk?

That is just my point. Trade with the trend. Maybe custos knows how to do the razzle-dazzle trades. good for him. But the newbies will just keep getting burn. Besides, why not just keep things simple: trade with the trend.

These are just my humble opinion, of course.

Did you take the trade? H4/15MINS. 1, 2,3 formation. Then entry. at 1:1 positive move(THE redline on 15mins CHART) move SL to BE.
SL = below the 1,2,3 FORMATION(blue dotted line)
entry = completion of 1,2,3 formation.(red dotted line)

risking 37 pips to make 77 pips. roughly 1:2.
chart attached.

I understand what you are saying, I myself only trade with the trend(most of the time) and any that trader knows the safest trade is going to be in the direction of the trend. However I have been known to take counter trend trades from time to time.

Like I said before there are many ways to trade any market. I am an extremely conservative trader I feel the market has enough risks without adding to the risk factor.

That does not mean counter trend trades cannot be productive because the reality of it is they can be, however it all depnds on how much risk you as an indivdual are willing to accept.

I took a counter trend trade last night for 50 pips, was it a huge gainer...no...did it work yes. So there are times when I will trade the market in any direction, I am not placing trades like a madman but when something is obvious I will take it.

Also trading counter trends takes practice and one is not going to achieve good success at it until they practice practice practice practice, Custos has been trading in here for long time and he has gotten quite good at it he can pretty much trade the market all directions using various methods.

So I see nothing wrong with learning a new method as with anything there is a learning curve and I know custos well enough to say he is not going to show a new method to someone without telling them to practice it in demo mode first he has repeatedly stated that I do not reccomend the method I use until you can show a profit with it in demo mode before going live.

Counter trend trades are not something I would reccomend to a noob at least until they get familiar with trend trading and knowing how to identify a trend however as long as it is in demo mode why not practice it.

--NM

I did look at #11 on your list and imo that pair has been ranging on that time frame sonce NOV 09, to me that time time frame is not tradable (well not safely anyay) but for those who range trade maybe.
Again I normally trade with the trend and if there is no trend then i dont trade, I do not range trade but there is nothing wrong with it either.

I know people that are succesful trading all over the place...lucky?...maybe but it works for them so what ever works is what you trade, and thats why they created demo accounts so you can see what works and what does not.

--NM

Hey ya PIP
Its good to be back, and I am ready to post more trades, so lets get to pippin...Hahaha

--NM

No I did not take the trade, there are a couple of things that need to happen before I get into it.

1. It need to break the countertrend line and then show me a 1,2,3 or

2. It needs to break below the main trend line and then show me a 1,2,3

So no trade in that one yet...
I am one to react to the market rather than try and predict it.

--NM

Here is a chart to show waht I am talking about, there was a break out and pullback but the continuation did not happen so now that there are so many bars the setup has been tossed and a new one is in place.

NM

Welcome back NM! As a big lurker of your thread I am very happy that you are back again.

Cheers.

Red.

You hit the nail squarely on the head.

Here is cleaner trendline sometimes I dont always draw them they way they should be but for my own purposes I know what I want price action to do.

Thanks Rednose it is nice to talk to you again! Its been awhile since I have been able to spend time in here but I kept on trading as usual but now I will be spending more time back in the house of pippage...Hahaha

--NM

Ah, yes, the standard hector approach. I used to do that too, still occasionally do it, but then i will have to keep my eye on the 50% fib level between the ultimate high and retracement low(in this case: ultimate high =0.9457, retracement low=0.9340. 50% fib = 0.9400). Because price tends to reverse at that level 50% of the new swing. Then, i realize that i can trade SETUp chart H4, or daily chart using as my trigger chart the 15mins formation of 1,2,3 at concentrated point of interest without having to wait for any inner trendline break. Just BE the trade at 1:1. I dont do H4/H1, i do H4/15MINS, i dont do D1/H4, i do D1/15MINS. If the setup chart is weekly or monthly, i look for 1,2,3 on hourly as trigger chart time frame.
Heck, i even have my IBFX pattern scanner notify me when my 1,2,3 has almost finished forming. (1,2,3 = ascending/descending triangle, pretty much.)so i dont have to babysit a trading setup.

I understand. It is a solid hector setup. I like this approach only when the retracement is an almost linear, rectangular sequences of smaller swings all the way to the area of fib, rn, s/r. That is, you can bracket the retracement in a rectangular box all the way to the concentrated point of confluence of S/R. SEE THE BLUE RECTANGULAR LINES ON THE CHART.

I have attached a chart.

It is tough to find a perfect market setup if the markets were linear as you say then it would be like taking candy from a baby on all time frames, it comes down to S/R areas and having a confluence of those things in 1 spot, it is not a new technique it has been around as long as the markets have been around and of course identifying the reversal patterns at those key locations.

And yes I will sometimes will zoom into smaller time frames other than normal to look for setups and entry points, however I think that trading a daily chart of a 15 minute chart is too risky and I myself would refrain from that. But that does not mean I am condeming the method I just would not do it at least not on a regular basis.

--NM

And as I have written in the picture the original setup is no longer valid so it becomes a different kind of setup.

--NM

Check your pm´s tomorrow got something to share with you.

Nice to talk to you.

WIll DO!!

--NM