Trend Trading All Pairs | Page 414 | 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

  • #8,261
  • Oct 11, 2010 6:05am Oct 11, 2010 6:05am
Hello guys, i been reading the first pages of this thread, so far im in the 6th.
I really like the system, and i´m ready to read all the 500+ pages, but first, i would like to know, can it be traded only on the daily chart?
That is important because i work most of the day and dont have the chance to look at the charts during the day.
Well, thanks in advance
And wish you all success in your trades!!!
  • #8,262
  • Oct 11, 2010 6:08am Oct 11, 2010 6:08am
Quoting Custos
interesting, can you please explain why you would look for a long?

cheers
Because 4h trend is long and on daily 30 sma has crossed the 50. The only thing pulling the EJ down has been the UJ because Euro just wants to go up.
So I am more biased to longs for the immediate future.... unless UJ continues to set new records against the $ .. which could happen.
******************* I'd rather make money than be right.
  • #8,263
  • Oct 11, 2010 6:10am Oct 11, 2010 6:10am
I see them now but had to get withing inches of monitor .. could you use darker bolder font for those words? Some of us have older eyes.

Quoting Lika
Please follow the points SELL / TP / SL
Tks Lika
******************* I'd rather make money than be right.
  • #8,264
  • Oct 11, 2010 6:11am Oct 11, 2010 6:11am
Quoting Lika
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
as I said in a couple of posts before, I do not use TP's. I am shooting for thousands of pips for each of my trades, until I see the long-term trend changing. However, I will move my stop to break-even after a while.

Hope that makes sense.
  • #8,265
  • Oct 11, 2010 6:13am Oct 11, 2010 6:13am
Quoting 4xStar
Because 4h trend is long and on daily 30 sma has crossed the 50. The only thing pulling the EJ down has been the UJ because Euro just wants to go up.
So I am more biased to longs for the immediate future.... unless UJ continues to set new records against the $ .. which could happen.
okay, thanks for the explanation.
  • #8,266
  • Oct 11, 2010 6:16am Oct 11, 2010 6:16am
Quoting Custos
as I said in a couple of posts before, I do not use TP's. I am shooting for thousands of pips for each of my trades, until I see the long-term trend changing. However, I will move my stop to break-even after a while.

Hope that makes sense.

Custos, wanted to ask a favor, if not asking too much. if you could you explain it with images, becouse I am very bad at interpreting English.
tks
Likahttp://cdn.forexfactory.com/images/icons/icon14.gif
  • #8,267
  • Oct 11, 2010 6:17am Oct 11, 2010 6:17am
Quoting 4xStar
Because 4h trend is long and on daily 30 sma has crossed the 50. The only thing pulling the EJ down has been the UJ because Euro just wants to go up.
So I am more biased to longs for the immediate future.... unless UJ continues to set new records against the $ .. which could happen.
Never mind ... I'm now looking short since it passed what would have been my stop if the long trade had triggered. Still not convinced there will be long term downside, but for the moment ... looks like south is the preffered direction.
******************* I'd rather make money than be right.
  • #8,268
  • Oct 11, 2010 6:23am Oct 11, 2010 6:23am
Quoting Lika
Custos, wanted to ask a favor, if not asking too much. if you could you explain it with images, becouse I am very bad at interpreting English.
tks
Likahttp://cdn.forexfactory.com/images/icons/icon14.gif
well, attached is usd/jpy daily. As long as price doesn't break the channel to the upside, I will look for shorts and will leave all my short positions open. Once the channel gets broken to the upside, I will close all my positions.

makes more sense?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy d1 11.10.2010.gif Size: 28 KB
  • #8,269
  • Oct 11, 2010 6:26am Oct 11, 2010 6:26am
Quoting Custos
well, attached is usd/jpy daily. As long as price doesn't break the channel to the upside, I will look for shorts and will leave all my short positions open. Once the channel gets broken to the upside, I will close all my positions.

makes more sense?
Thank you, now I understand.
Lika
  • #8,270
  • Oct 11, 2010 6:27am Oct 11, 2010 6:27am
Quoting 4xStar
Never mind ... I'm now looking short since it passed what would have been my stop if the long trade had triggered. Still not convinced there will be long term downside, but for the moment ... looks like south is the preffered direction.
well, I hope you are seeing the weekly trendline which got hit. For me that's a good reason to continue down. But of course it could just ignore that trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy w1 11.10.2010.gif Size: 26 KB
  • #8,271
  • Oct 11, 2010 6:34am Oct 11, 2010 6:34am
Quoting Custos
well, I hope you are seeing the weekly trendline which got hit. For me that's a good reason to continue down. But of course it could just ignore that trendline.
It can do any dang thing it wants! And usually does
That's what makes the game so interesting....
******************* I'd rather make money than be right.
  • #8,272
  • Oct 11, 2010 6:46am Oct 11, 2010 6:46am
Custos, Could you give a brief word about your pyramid system? Keith
  • #8,273
  • Oct 11, 2010 6:58am Oct 11, 2010 6:58am
Attached Image (click to enlarge)
Click to Enlarge Name: c.jpg Size: 78 KB
  • #8,274
  • Oct 11, 2010 7:01am Oct 11, 2010 7:01am
I have been following this recent chat. Way I see usdcad it has ranged between 1.01 and 1.07 since May (600 pips). I am waiting for strong trend and then for BPC. At present the MA 30, 50 and 100 are still mixed. Waiting reduces stop loss hits. Maybe I am too cautious. But NM's system of wait until BPC has happened seems more useful than others I have tried in the last year. Keith
  • #8,275
  • Oct 11, 2010 7:28am Oct 11, 2010 7:28am
Quoting redsword11
Attachment


Attached Image (click to enlarge)
Click to Enlarge Name: g.jpg Size: 97 KB
  • #8,276
  • Oct 11, 2010 7:35am Oct 11, 2010 7:35am
hi all,

I've found this thread and it seems to match my recent trading style well. so 'd like to contribute.

I have open positions since this september

eurusd long
usdjpy short
usdcad short

and gbpusd long, opened today

I'll post charts later
  • #8,277
  • Oct 11, 2010 8:09am Oct 11, 2010 8:09am
Quoting ashes
hi all,

I've found this thread and it seems to match my recent trading style well. so 'd like to contribute.

I have open positions since this september

eurusd long
usdjpy short
usdcad short

and gbpusd long, opened today

I'll post charts later
Hi ashes,
welcome to the thread!
  • #8,278
  • Oct 11, 2010 8:38am Oct 11, 2010 8:38am
Quoting NightMoves
Trading is all about finding the S/R levels and watching what price does there. There is no way to predict what the market is going to do, it respect a trend line and it could blast right through it.

The way I trade is only trading in the direction of the main trend and I use FIBS, Round numbers, and previous high and lows and breakout points as S/R. The longer time frames are the ones I use to look for the stronger S/R levels.

I have no idea what his new course covers. I know he changed it for some reason....

Thanks NM, I agree totally. I noticed that my losses of my winners usually have psychological nature. I am very aggressive by nature and when I am on my toes I am very patient, but if something is off, I start jumping when price action says stay away and I do start guessing.
I decided to stand back for now and bring more structure into my trading, more patience. This method actually has structure and require patience.
I have one more question. Are you entering when pull back and then break out happens as per method with all your position or you enter with part of it and put the rest if the price make one more retracement below your entry but with stop loss at the same price as your first entry?
  • #8,279
  • Oct 11, 2010 9:05am Oct 11, 2010 9:05am
Quoting Keithmaxkb
Custos, Could you give a brief word about your pyramid system? Keith
sorry, missed your post.

Well, nothing special, it's a bit based on the millipede thread, just search it in the forum, you for sure gonna find it. It's basically about position trading, but using lower time-frames to get into the long-term trend.
In the end you gonna have a lot of different positions in conjunction with the long-term trend and you spread the risk. Most will be closed at b/e or at loss, and a few will survive, but those few positions will give you thousands of pips in return assuming the long-term trend continues.

cheers
  • #8,280
  • Oct 11, 2010 11:34am Oct 11, 2010 11:34am
Anybody watching GBP/AUD? Looks like a set up forming. 4H set up, 1H trigger. short.
7 traders viewing now