Trend Trading All Pairs

You can also use Fib numbers to set targets as they work too.

--NM

Here is a chart example using fib extensions for targets

Hope this helps some

--NM

NightMoves,
Just registered for this valuable thread, but I have been looking at it for a few days. I see you have price numbers on your fib.I know there is a simple way to do this, but I have not used this for many months. Please can you refresh my memory.

Thanks for starting this thread. Keith

I believe you want this:

"50.0%% -- %$"

That's how you get the percentage and numbers next to the fibs (of course that only works with metatrader).

cheers

Hi NM

are you using a specific extension, depending on how far the retracement went. ie. 50% retracement, 150% extension target???

Andy

Hello NightMoves & everyone,

Hmm .. this could be the thread I've been looking for. I enjoy trading in company during the week but I've been having a problem with threads where there is constant 'calling' of direction: up, no....down, no...up, no....

I find myself entering a trade according to MY criteria (which is very compatible with NT's methodology) but then in certain threads, traders (including some very good ones) start calling for the pair to go opposite to my trade because of ... fundamentals, patterns, candles, or a host of other reasons & instead of ignoring it, I find myself questioning my own decisions & often leaving a trade that then goes on to do exactly what I though it would

I'm still way too insecure, clearly!

That's why I need a place where nearly everyone is on the same page, following similar criteria .. so if we are wrong at least we go down in flames together

I'll be checking in this week & hopefully contributing useful information as well. The more eyes the better.

Despite my avatar of a cigar-smoking cat, I am female.

And NM, I gave you a vouch for pages & pages of excellent information at beginning of this thread. Newbie traders can find all they need to start trading safely right there.

eurgbp has hit a trendline on the weekly chart, if that level holds we could be looking at a nice move south.. Cheeers!!

Yeah, I am watching this too, check Eur/ Chf. it is also testing weekly trend line now.

I actually started thinking of taking complete Hector's course.
I have been trading for 2 years live only and have made big progress, but I am not happy with it as my trading is too discretionary and whenever I am off I start trading badly losing my previous winners. I think having more systematic approach along price action/ s/r/ trend lines might be helpful for my development as a tarder.
NightMoves, what do you think? Does it worth it?
I actually like this style very much.

yes, worth watching this. If the downtrendline is respected it implies either a bullish cable and or EU corrects hard south









Red

It is very odd, I have been watching same chart and same trend line but there is a difference. You have got one more daily candle on your chart on the previous drop from daily trend line.
check it:

alpari uk and interbank do differ ........... my alpari uk chart is identical to yours



yes, you're right

been waiting for this for a while to reach demand zone, might get tetsed soon

l trade this pair often, it mrrors the dollar index. Prices have arrived at this support level - if it reacts bullish its a good indicator for some dollar strength

may hold for a further pole south

Custos,

Thanks for the advice to use "50.0%% -- %$". Where do I use this? I added it in the comments. The extra just appeared on the fib line. Keith