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Trend Trading All Pairs

  • #8,061
  • Sep 24, 2010 4:05am Sep 24, 2010 4:05am
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looking for longs
  • #8,062
  • Sep 24, 2010 9:10am Sep 24, 2010 9:10am
hehe, red is very busy posting
good setups.

Here is one I just took a couple of minutes ago. eur/chf m15
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  • #8,063
  • Sep 24, 2010 9:39am Sep 24, 2010 9:39am
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Red
  • #8,064
  • Sep 24, 2010 10:34am Sep 24, 2010 10:34am
Quoting redsword11
Attachment




Red

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  • #8,065
  • Sep 24, 2010 11:27am Sep 24, 2010 11:27am
attached is usdcad m15.
I expect a bounce at the trendlines.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad m15 24.9.2010.gif Size: 23 KB
  • #8,066
  • Sep 24, 2010 11:28am Sep 24, 2010 11:28am
Quoting Custos
attached is usdcad m15.
I expect a bounce at the trendlines.
funny, just saw that red's last post was also about usdcad m15. haha
  • #8,067
  • Sep 24, 2010 11:45am Sep 24, 2010 11:45am
Quoting Custos
funny, just saw that red's last post was also about usdcad m15. haha

hey dude - would expect it to go to re test - my tg is below that



struggling a little now thou
  • #8,068
  • Sep 24, 2010 12:14pm Sep 24, 2010 12:14pm
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Red
  • #8,069
  • Sep 24, 2010 12:26pm Sep 24, 2010 12:26pm
Quoting redsword11
Attachment

Attachment



Red
I think eur/usd will go down to the area I marked on the attached eur/usd m15 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m15 24.9.2010.gif Size: 22 KB
  • #8,070
  • Sep 24, 2010 1:05pm Sep 24, 2010 1:05pm
Quoting Custos
I think eur/usd will go down to the area I marked on the attached eur/usd m15 chart.

Attached Image (click to enlarge)
Click to Enlarge Name: eu entry.jpg Size: 83 KB
  • #8,071
  • Sep 24, 2010 1:17pm Sep 24, 2010 1:17pm
Quoting redsword11
Attachment

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Click to Enlarge Name: eu entry.jpg Size: 78 KB



add south
  • #8,072
  • Sep 24, 2010 3:02pm Sep 24, 2010 3:02pm
Hello NM, Custo and other Hector traders,

Are the setups below valid 123 formations based on Hector's method?

I wasn't sure if it was more a triangle/channel breakout (requiring BPC) or a 123 formation.

AUDUSD 4 HR Setup, 1 HR Trigger
EURUSD, 4 HR Setup, 1 HR Trigger
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 33 KB
Click to Enlarge Name: eurusd.gif Size: 31 KB
  • #8,073
  • Sep 24, 2010 3:16pm Sep 24, 2010 3:16pm
Quoting ahks
Hello NM, Custo and other Hector traders,

Are the setups below valid 123 formations based on Hector's method?

I wasn't sure if it was more a triangle/channel breakout (requiring BPC) or a 123 formation.

AUDUSD 4 HR Setup, 1 HR Trigger
EURUSD, 4 HR Setup, 1 HR Trigger
I wont consider AUDUSD as a 123 formation.

EURUSD can qualify as a 123 formation.


For a formation to qualify as 1-2-3, price will make a swing low(point 1), retrace upwards to a swing high (point 2), where a downward correction begins. Price would then form another swing low (point 3), which is higher than the previous low (point 1). From this higher swing low (point 3) price then resumes the upward movement.

Hope this helps.
  • #8,074
  • Sep 24, 2010 3:26pm Sep 24, 2010 3:26pm
Quoting MktScape
I wont consider AUDUSD as a 123 formation.

EURUSD can qualify as a 123 formation.


For a formation to qualify as 1-2-3, price will make a swing low(point 1), retrace upwards to a swing high (point 2), where a downward correction begins. Price would then form another swing low (point 3), which is higher than the previous low (point 1). From this higher swing low (point 3) price then resumes the upward movement.

Hope this helps.
Aren't double bottom/tops a type of 123 formation? I thought as long as point 3 doesn't take out point 1. For AUDUSD, although point 3 slightly took out point 1 isn't there a double bottom formed?
  • #8,075
  • Sep 24, 2010 4:12pm Sep 24, 2010 4:12pm
Quoting ahks
Aren't double bottom/tops a type of 123 formation? I thought as long as point 3 doesn't take out point 1. For AUDUSD, although point 3 slightly took out point 1 isn't there a double bottom formed?

If its a double top/bottom then it wont be 123 and vice versa ...yes one can number it that way however to qualify as a double top the second high need to reach the same level as the first swing high. In 123 second high/ low has to be lower/higher.

cheers
  • #8,076
  • Sep 24, 2010 4:15pm Sep 24, 2010 4:15pm
Quoting redsword11
Attachment
Great setups red .... soon i'll taking some days off from work and we will do some more shorter TF scalping.
  • #8,077
  • Sep 24, 2010 4:15pm Sep 24, 2010 4:15pm
Quoting Custos
funny, just saw that red's last post was also about usdcad m15. haha
Great minds ................think .....................
  • #8,078
  • Sep 24, 2010 4:17pm Sep 24, 2010 4:17pm
Quoting Custos
hehe, red is very busy posting
good setups.

Here is one I just took a couple of minutes ago. eur/chf m15
sorry man couldnt post anything today .... completely overwhelmed at work...i'll be back with some weekend review ...stay in touch.
  • #8,079
  • Sep 24, 2010 4:41pm Sep 24, 2010 4:41pm
Quoting ahks
Hello NM, Custo and other Hector traders,

Are the setups below valid 123 formations based on Hector's method?

I wasn't sure if it was more a triangle/channel breakout (requiring BPC) or a 123 formation.

AUDUSD 4 HR Setup, 1 HR Trigger
EURUSD, 4 HR Setup, 1 HR Trigger
Hi ahks,

if you go totally hector style, then I agree with mktscape. audusd is not a 123 formation, cause the 3 is below the 1.
for eurusd, if you go totally hector style, then this is also not valid. Normally the break of the trendline should be before the break of the aspect 2. (That is my personal interpretation of a clear hector style setup)

Anyways, this is just a method, it helps to understand it, cause it's based on principles of the market, but in the end you can bend that method quite a bit. So, if something is a "profitable" 1-2-3 formation or not should depend more on your personal judgement, than on standard rules. Again screen time is the key here. (I know everbody says this crap, but it is true, the longer you've seen how price behaves, the smarter you get in determining what works and what doesn't)

cheers
  • #8,080
  • Sep 24, 2010 4:42pm Sep 24, 2010 4:42pm
Quoting ahks
Aren't double bottom/tops a type of 123 formation? I thought as long as point 3 doesn't take out point 1. For AUDUSD, although point 3 slightly took out point 1 isn't there a double bottom formed?
yeah, maybe it is, personal interpretation required.
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