Trend Trading All Pairs | Page 410 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading correlation pairs by using the other pairs 843 replies

28 Pairs Trading Panel (Multi-pairs) 0 replies

Export All pairs or selected pairs to .csv with script 3 replies

Daily Bar Analysis - All Pairs/All Welcome 15 replies

Trend Trading All Currency Pairs 3 replies

Attachments: Trend Trading All Pairs
Exit Attachments

Trend Trading All Pairs

  • #8,181
  • Oct 6, 2010 9:31pm Oct 6, 2010 9:31pm
Here is the currency index at the moment. Showing the strong currencies against the weak currencies at different time frames.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Index for 10_06_2010.png Size: 10 KB
  • #8,182
  • Oct 7, 2010 6:49am Oct 7, 2010 6:49am
I have scaled down the position as my original target was reached (within a few pips anyway) tightened up my stop. +303 pips so far on this trade.

Now I will just follow it until I get stopped out at some point in this trade.

Here is the chart showing my original target, pretty strong uptrend happening here for sure.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Target reached.png Size: 29 KB
  • #8,183
  • Oct 7, 2010 7:47am Oct 7, 2010 7:47am
Quoting NightMoves
Shiko,
yes those threads are all good too, you know like I was saying there are many ways to trade this market and make money, what all these methods have in common is the fact they all trade trends and off of a confluence of S/R and round numbers, no matter what method you use those few elements of S/R and round numbers are the key to making it in this market the more elements of S/R you have that come together in those key locations the better the trade will be.

--NM
Hi NM,

very true and still a fan...

Enjoy the trends...

Trade safe
P
  • #8,184
  • Oct 7, 2010 11:09am Oct 7, 2010 11:09am
Quoting NightMoves
I have scaled down the position as my original target was reached (within a few pips anyway) tightened up my stop. +303 pips so far on this trade.

Now I will just follow it until I get stopped out at some point in this trade.

Here is the chart showing my original target, pretty strong uptrend happening here for sure.

--NM
Good work, NM, i did something similar with my AUD/USD too...close out 95% of my position at 0.9850. I talked about it here:

http://www.forexfactory.com/showpost...postcount=7892

(i was replying to jackk, who wanted to short AUD/USD at 0.9335 because of something called "supply/demand zone" whatever). Trade with the trend! that is all!

I was in at 0.9193, 0.9302, 0.9522, my last entry was at 0.9591. Which makes a nice gain of +658 pips, +547pips, +330pips, +259 pips. There was ABSOLUTELY NOTHING CLEVER OR BRILLIANT about it. All i did were simple hector trades and pyramiding in the larger time frame direction, fundamental and technical uptrend aligned together, and then, i traded in that direction. Period.

My entry were simple hector trades, and standard break, bpc, etc. Nothing brilliant, or super clever. Simple hector trades and pyrmading with each swings. Simple. Trend following. No brainer. I just pyramid with the trend....which goes to trend trading all pairs. Trend trading.

My remaining 5% is left at 0.9530.

In my view, despite the fundamental strength of AUD, NZD, CNY or EUR compared to the rest...they are long overdue for a correction, technically speaking.

Quoting Mortician.
Actually, i am long. I have been long since...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 16 KB
Click to Enlarge Name: audusd WEEKLY.gif Size: 16 KB
  • #8,185
  • Oct 7, 2010 11:17am Oct 7, 2010 11:17am
Quoting Mortician.
In the interest of turning a new page....i will give my two cents your question.

Watch for the breakouts of that pennant.

Chart attached.
Due to the consolidation going on, i already closed this CAD/CHF trade for +201 pips. I wonder if mrkscape took the trade as well....ANOTHER EXAMPLE OF TREND TRADING.
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHF.gif Size: 21 KB
  • #8,186
  • Oct 7, 2010 11:37am Oct 7, 2010 11:37am
Quoting NightMoves
I have scaled down the position as my original target was reached (within a few pips anyway) tightened up my stop. +303 pips so far on this trade.

Now I will just follow it until I get stopped out at some point in this trade.

Here is the chart showing my original target, pretty strong uptrend happening here for sure.

--NM
Nothing beats TREND TRADING...it requires some patience...but the rewards are worth it....my USD/DKK is well over +3,000 pips...last i check it was +3,700 pips and some change. Spread was only 7pips.

I have attached examples of my trend trading trades.THEY ARE WEEKLY OR DAILY charts. The break of the red lines are my earliest entries...before continous pyramiding....i entered at bpc of those lines...then pyramid using hector swing trades and LOB breakout trades on lower time frames...sometimes as low as 15mins like NM did with EUR/USD. Some of these trades i alerted here(like aud/usd or aud/cad OR EUR/GBP or USD/SGD OR usd/sgd), others, i alerted at other threads.

As you can see, from these attached daily and weekly charts, a lot of these moves are +400pips, +600 pips +900pips moves....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCAD.gif Size: 15 KB
Click to Enlarge Name: AUDNZD DAILY.gif Size: 18 KB
Click to Enlarge Name: audusd.gif Size: 16 KB
Click to Enlarge Name: audusd WEEKLY.gif Size: 16 KB
Click to Enlarge Name: EURGBP WEEKLY.gif Size: 15 KB
Click to Enlarge Name: EURUSD WEEKLY.gif Size: 19 KB
Click to Enlarge Name: GBPAUD.gif Size: 14 KB
  • #8,187
  • Oct 7, 2010 11:44am Oct 7, 2010 11:44am
Quoting Mortician.
Nothing beats TREND TRADING...it requires some patience...but the rewards are worth it....my USD/DKK is well over +3,000 pips...last i check it was +3,700 pips and some change. Spread was only 7pips.

I have attached examples of my trend trading trades.THEY ARE WEEKLY OR DAILY charts....
I am not writing all this to boast, on the contrary, just to show just how simple and elegant it is to use hector methods, trading in the direction of the higher trends.

Here are more charts. they are weekly or daily charts....i enter at bpc at 1/4th or 1/8th of time frame. then, i subsequently pyramid using much lower time frames, like 15mins.....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCHF.gif Size: 13 KB
Click to Enlarge Name: GBPUSD.gif Size: 15 KB
Click to Enlarge Name: NZDUSD.gif Size: 16 KB
Click to Enlarge Name: USDDKK.gif Size: 18 KB
Click to Enlarge Name: USDCHF.gif Size: 18 KB
Click to Enlarge Name: USDJPY.gif Size: 16 KB
Click to Enlarge Name: XAGUSD.gif Size: 17 KB
  • #8,188
  • Edited 12:00pm Oct 7, 2010 11:48am | Edited 12:00pm
Quoting Mortician.
I am not writing all this to boast, on the contrary, just to show just how simple and elegant it is to use hector methods, trading in the direction of the higher trends.

Here are more charts. they are weekly or daily charts....i enter at bpc at 1/4th or 1/8th of time frame. then, i subsequently pyramid using much lower time frames, like 15mins.....

See more examples here:

bottom line: trade with the trends. trend trade all pairs. the break of the weekly and daily, especially the weekly, when backed by fundamental, can the serious. USD/DKK netted me +3,700 pips alone. and that is just one position(my earliest one after bpc of the weekly trendline), and i had pyramind a few more positions into usd/dkk using hector techniques along the way on H1 and H4.... even use it on XAG/USD and XAU/USD. Trade with the trend, that is all there is to it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCHF.gif Size: 18 KB
Click to Enlarge Name: USDSGD.gif Size: 16 KB
Click to Enlarge Name: XAUUSD.gif Size: 16 KB
Click to Enlarge Name: USDSGD WEEKLY.gif Size: 16 KB
Click to Enlarge Name: USDJPY.gif Size: 16 KB
  • #8,189
  • Oct 7, 2010 12:02pm Oct 7, 2010 12:02pm
Quoting NightMoves
I have to agree, looking at the longer time frame, the weekly chart is at the top again, so if this level holds could be a nice ride south.

--NM
I can see the applicability of your trend collapse(you, entropylad, and yunero).
  • #8,190
  • Oct 7, 2010 4:15pm Oct 7, 2010 4:15pm
Quoting Mortician.
All i did were simple hector trades and pyramiding in the larger time frame direction, fundamental and technical uptrend aligned together, and then, i traded in that direction. Period.

My entry were simple hector trades, and standard break, bpc, etc. Nothing brilliant, or super clever. Simple hector trades and pyrmading with each swings. Simple. Trend following. No brainer. I just pyramid with the trend....which goes to trend trading all pairs. Trend trading.
Totally agree. Trend trading and pyramiding is as simple as it gets.
I also think problem for many people with that approach is patience, but if you have enough patience for that approach, then it's one of the easiest and most profitable ways of trading.

cheers.
  • #8,191
  • Oct 7, 2010 7:05pm Oct 7, 2010 7:05pm
Quoting Paulette
Hi NM,

very true and still a fan...

Enjoy the trends...

Trade safe
P
Hi Paulette,
Nice to hear from you again, I hope the trading is going well!!!

--NM
  • #8,192
  • Oct 7, 2010 7:12pm Oct 7, 2010 7:12pm
Quoting Custos
Totally agree. Trend trading and pyramiding is as simple as it gets.
I also think problem for many people with that approach is patience, but if you have enough patience for that approach, then it's one of the easiest and most profitable ways of trading.

cheers.
I agree Custos,

One just needs to keep it simple and look for the areas we talk about in the early posts in this thread. No reason to add more complexity than it needs. If you foloow the rules you will win most of your trades and the ones you dont win are small losses anyway so it is pretty easy to make them up quickly.

You may trade around every corner but then who cares, you dont need to be in a trade every second, only take the low risk high probablity trades and let the trend do the rest. Its has worked for me over the years, I might try something different now and again just to try it but my main method is the one you all know I use and I am sure it will never change...LOL

--NM
  • #8,193
  • Oct 7, 2010 7:15pm Oct 7, 2010 7:15pm
Quoting Mortician.
I can see the applicability of your trend collapse(you, entropylad, and yunero).
Yep the trend collapse method can work really well, its a riskier type of trade but I have done pretty well using it I dont think I dont think would recommend it to someone just starting out because you can stopped out pretty fast if you catch it wrong, it has happened to me several times, so sit and wait and see if you can get another entry and try it again.

--NM
  • #8,194
  • Oct 7, 2010 7:34pm Oct 7, 2010 7:34pm
Even though my target was reached I moved My stop and reduced my position substanially, I will add to it again if we get another bounce. Here is the chart showing the trade so far if it gets stopped out then thats ok too. I originally had my stop pretty tight but I decided after reducing my position again to open the stop up a little and just let it run and see if I can get another bounce.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Still Alive.png Size: 33 KB
  • #8,195
  • Oct 7, 2010 7:54pm Oct 7, 2010 7:54pm
Looks like I missed a couple of nice entries on the AUDCAD. Wasnt even watching that pair lately...

--NM
  • #8,196
  • Oct 7, 2010 8:15pm Oct 7, 2010 8:15pm
The AUDUSD is in a critical spot right now imo, it is testing the weekly resistance level, I am going to be watching this rather closely to see if the trend collapses or continues on its merry way...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly Resistance.png Size: 40 KB
  • #8,197
  • Oct 7, 2010 8:16pm Oct 7, 2010 8:16pm
Hi NM

I also took the EU 4H trade, but closed it at the previous swing high for about 35pips. I don't seem to be able to work out where they will go to and let them run?

Andy
  • #8,198
  • Oct 7, 2010 8:21pm Oct 7, 2010 8:21pm
Quoting Andy_G
Hi NM

I also took the EU 4H trade, but closed it at the previous swing high for about 35pips. I don't seem to be able to work out where they will go to and let them run?

Andy
There are a couple of ways to set targets that work pretty well, first thing you to do is define the major S/R levels and make sure you have room, then you can use the trend line channels, or you can use pattern targets, or you can use the ADR which works quite well for intraday trading. Of course nothing is ever set in stone but those methods give you at least something to work with.

--NM
  • #8,199
  • Oct 7, 2010 8:25pm Oct 7, 2010 8:25pm
"trendline channels" ???

Do you mean extend the top TL to see where price should next hit?
  • #8,200
  • Oct 7, 2010 8:31pm Oct 7, 2010 8:31pm
Quoting Andy_G
"trendline channels" ???

Do you mean extend the top TL to see where price should next hit?
Yep thats it, markets arent perfect but the channels work too, when there is round number near the channel it makes it that much more reliable.

--NM
5 traders viewing now