Trend Trading All Pairs

Quoting Custos

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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...

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Quoting ahks

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Would you guys have taken both the AUDUSD and EURUSD trades in those setups? How would you have approached those?

If we follow Hector's method strictly, looks like no trades could have been taken, unless there were BPC (2-6 bars) after the trendline break.

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Quoting ahks

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Would you guys have taken both the AUDUSD and EURUSD trades in those setups? How would you have approached those?

If we follow Hector's method strictly, looks like no trades could have been taken, unless there were BPC (2-6 bars) after the trendline break.

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Quoting Custos

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If we are talking about hector-style, then I would have taken audusd at the bpc of the trendline.
Other than that, I usually try to enter at strong S/R levels, so depends on the bigger picture, if I see a strong S/R level.

cheers

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Quoting ahks

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Thanks everyone for your help.

With not as much screen time, in those situations, I would sometimes hesitate about taking the trade.

Given all your inputs, I think it is safe to say both trades are safe (high probability) enough to take, with some discretion involved based on Hector's style.

It seems most of those trades taken in the future should likely end up in positive pips.

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Quoting redsword11

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Attachment

loony daily view

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Quoting MktScape

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Thanks for the hint red.

Here is another view of the same chart ....

Custos, how about a limit order at 1.0212?

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Quoting MktScape

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Custos,
how does the above resistance zone looks like?

Would you take this level as a TT? Where would be your order and SL? I am thinking of my order at the blue line and SL above swing high.

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Quoting Custos

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I don't know, I am actually thinking that usdcad will go down. The weekly trend is still down, even though it has been ranging around since a year.

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Quoting Andy_G

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eurgbp 4h triangle ???

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