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Trend Trading All Pairs

  • #8,241
  • Oct 11, 2010 2:17am Oct 11, 2010 2:17am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 120 KB


Good morning and Good for all Trades
This is my first post here, I find these very interesting analysis.
I think what the cost meant was that the attached graphic shows.
please comment

PS. Sorry for my bad English
lika
  • #8,242
  • Oct 11, 2010 2:33am Oct 11, 2010 2:33am
Quoting Lika
Attachment

Good morning and Good for all Trades
This is my first post here, I find these very interesting analysis.
I think what the cost meant was that the attached graphic shows.
please comment

PS. Sorry for my bad English
lika
hi, can you please tell me which currency pair and time-frame you talk about? And what does the cost mean?

cheers
  • #8,243
  • Oct 11, 2010 2:38am Oct 11, 2010 2:38am
Quoting Custos
hi, can you please tell me which currency pair and time-frame you talk about? And what does the cost mean?

cheers
I was just going to ask the same thing. I think cost = custos. His chart is labeled aud/usd but it appears to be U/Cad. We need more clarity, Lika
******************* I'd rather make money than be right.
  • #8,244
  • Oct 11, 2010 2:46am Oct 11, 2010 2:46am
Quoting Lika
Attachment

Good morning and Good for all Trades
This is my first post here, I find these very interesting analysis.
I think what the cost meant was that the attached graphic shows.
please comment

PS. Sorry for my bad English
lika

Attached Image (click to enlarge)
Click to Enlarge Name: loony.jpg Size: 102 KB
  • #8,245
  • Oct 11, 2010 2:50am Oct 11, 2010 2:50am
Quoting 4xStar
I was just going to ask the same thing. I think cost = custos. His chart is labeled aud/usd but it appears to be U/Cad. We need more clarity, Lika
oh, you are right, that must be the usd/cad.

so Lika, here is what I see:
not sure how you got your rising trendline. Mine is much higher as you can see from my daily chart and already has been broken. furthermore on the h1 chart you see that we also already broke the retracement trendline. Now it's just a matter of waiting for the continuation of the move to the downside.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad d1 11.10.2010.gif Size: 32 KB
Click to Enlarge Name: usdcad h1 11.10.2010.gif Size: 25 KB
  • #8,246
  • Oct 11, 2010 3:01am Oct 11, 2010 3:01am
That is very clear .. I am beginning to see this & how you go from higher to lower tf's to find trigger points. If I am seeing it right, 1.0090 is entry point for short with 1.0127-ish as the stop?

Quoting Custos
oh, you are right, that must be the usd/cad.

so Lika, here is what I see:
not sure how you got your rising trendline. Mine is much higher as you can see from my daily chart and already has been broken. furthermore on the h1 chart you see that we also already broke the retracement trendline. Now it's just a matter of waiting for the continuation of the move to the downside.
******************* I'd rather make money than be right.
  • #8,247
  • Oct 11, 2010 3:07am Oct 11, 2010 3:07am
Quoting 4xStar
That is very clear .. I am beginning to see this & how you go from higher to lower tf's to find trigger points. If I am seeing it right, 1.0090 is entry point for short with 1.0127-ish as the stop?
exactly.
only problem with that setup is that the retracement trendline should have been broken much earlier and not so late. Right now we are almost near the bottom. If you use targets that could be a concern, cause you won't have much to profit from anymore.
I myself don't use targets and just pyramid my way in conjunction with the trend on the daily/weekly, that's why I don't really care that the retracement trendline got broken so late on the h1.

cheers
  • #8,248
  • Oct 11, 2010 3:09am Oct 11, 2010 3:09am
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 120 KB
  • #8,249
  • Oct 11, 2010 3:22am Oct 11, 2010 3:22am
Cool, thanks
I'm not much of a target person either as I close partial positions on the way and try to let the last one run as far as it wants.


Quoting Custos
exactly.
only problem with that setup is that the retracement trendline should have been broken much earlier and not so late. Right now we are almost near the bottom. If you use targets that could be a concern, cause you won't have much to profit from anymore.
I myself don't use targets and just pyramid my way in conjunction with the trend on the daily/weekly, that's why I don't really care that the retracement trendline got broken so late on the h1.

cheers
******************* I'd rather make money than be right.
  • #8,250
  • Oct 11, 2010 3:38am Oct 11, 2010 3:38am
I apologize for the confusion.

Custos, you said everything in post # 8245.

Tks
Lika
  • #8,251
  • Oct 11, 2010 3:40am Oct 11, 2010 3:40am
Quoting Custos
oh, you are right, that must be the usd/cad.

so Lika, here is what I see:
not sure how you got your rising trendline. Mine is much higher as you can see from my daily chart and already has been broken. furthermore on the h1 chart you see that we also already broke the retracement trendline. Now it's just a matter of waiting for the continuation of the move to the downside.
Hi ya Custos..

Could I just ask you on this trade as still a beginner at this stuff.... In this picture wouldn't the support line be more powerful than the trend line as it is on a daily chart also therefore wouldn't there be more chance of this bouncing back into the larger channeling range or...are those rejection spikes in price off the trendline more important/powerful?

Thanks in advance..
Adrian
Attached Image (click to enlarge)
Click to Enlarge Name: U-Cad 1D.png Size: 29 KB
  • #8,252
  • Oct 11, 2010 3:44am Oct 11, 2010 3:44am
and with this setup for the EURJPY, you guys agree?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.jpg Size: 146 KB
  • #8,253
  • Oct 11, 2010 3:47am Oct 11, 2010 3:47am
Quoting aarangio
Hi ya Custos..

Could I just ask you on this trade as still a beginner at this stuff.... In this picture wouldn't the support line be more powerful than the trend line as it is on a daily chart also therefore wouldn't there be more chance of this bouncing back into the larger channeling range or...are those rejection spikes in price off the trendline more important/powerful?

Thanks in advance..
Adrian
good point. and yes this is a support price still has to go through.

Attached is the weekly chart. I see the marked S/R level as the major one, and the one at the daily less significant. But I agree with you, usd/cad is still in a problematic area.
You know, since I pyramid my way into long-term profits, I also take less than perfect setups, because I am risking such an insignificant amount on each trade I take.
But if you wanna take an A+ setup, then forget the usdcad for now, it's still just mushing around.

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad w1 11.10.2010.gif Size: 25 KB
  • #8,254
  • Oct 11, 2010 3:47am Oct 11, 2010 3:47am
There are lines everywhere, I have no idea what you think it is going to do.. ??
I'm looking at a continuation long above 114.67


Quoting Lika
and with this setup for the EURJPY, you guys agree?Attachment
******************* I'd rather make money than be right.
  • #8,255
  • Oct 11, 2010 3:50am Oct 11, 2010 3:50am
Quoting 4xStar
There are lines everywhere, I have no idea what you think it is going to do.. ??
I'm looking at a continuation long above 114.67
Please follow the points SELL / TP / SL
Tks Lika
  • #8,256
  • Oct 11, 2010 3:51am Oct 11, 2010 3:51am
Quoting Lika
and with this setup for the EURJPY, you guys agree?Attachment
yes, as I said earlier, there should be another opportunity with this pair. Eur/jpy is a really good setup in my opinion. Attached is the h1 chart with my potential entry and stop (let's hope I don't get stopped out again) .
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy h1 11.10.2010.gif Size: 30 KB
  • #8,257
  • Oct 11, 2010 3:54am Oct 11, 2010 3:54am
Quoting 4xStar
There are lines everywhere, I have no idea what you think it is going to do.. ??
I'm looking at a continuation long above 114.67
interesting, can you please explain why you would look for a long?

cheers
  • #8,258
  • Oct 11, 2010 3:54am Oct 11, 2010 3:54am
Quoting Custos
good point. and yes this is a support price still has to go through.

Attached is the weekly chart. I see the marked S/R level as the major one, and the one at the daily less significant. But I agree with you, usd/cad is still in a problematic area.
You know, since I pyramid my way into long-term profits, I also take less than perfect setups, because I am risking such an insignificant amount on each trade I take.
But if you wanna take an A+ setup, then forget the usdcad for now, it's still just mushing around.

cheers
Hey Custos..

Thank you for your help and explanation to make things clear for me...much appreciated!

cheers,
Adrian
  • #8,259
  • Oct 11, 2010 3:57am Oct 11, 2010 3:57am
Quoting Lika
Please follow the points SELL / TP / SL
Tks Lika
hm, I see you got a negative Risk:Reward ratio. Personally I think you should especially in the beginning stick to high positive R:R ratios. You know, if your R:R is always negative, then you would need maybe a 80% win-loss ratio, which is quite a hard thing to achieve, especially in the beginning.
If you cherrie pick the ones that at least give you a 1.5:1 R:R ratio then you are way better off in the long-term.

cheers
  • #8,260
  • Oct 11, 2010 4:03am Oct 11, 2010 4:03am
Quoting Custos
hm, I see you got a negative Risk:Reward ratio. Personally I think you should especially in the beginning stick to high positive R:R ratios. You know, if your R:R is always negative, then you would need maybe a 80% win-loss ratio, which is quite a hard thing to achieve, especially in the beginning.
If you cherrie pick the ones that at least give you a 1.5:1 R:R ratio then you are way better off in the long-term.

cheers
Thanks for the advice. I'll take note.
cheershttp://cdn.forexfactory.com/images/icons/icon12.gif

in your setup I do not see your TP? (In this example EURJPY)
tks
Lika
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