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Trend Trading All Pairs

  • #8,641
  • Oct 25, 2010 6:08am Oct 25, 2010 6:08am
Quoting Custos
yeah in general it's okay. But on the weekly time-frame you will see that we just reached a high. So that might hinder that trade. Other than that I think it's okay.
OK thanks --nice to know I'm on track. I see the weekly now --poss double top.
We are all One. Be present. Be the Observer
  • #8,642
  • Oct 25, 2010 8:03am Oct 25, 2010 8:03am
Quoting Custos
oh, that's how you have drawn that line. I know there are no hard rules, but I always only draw the retracement trendline from the low to the highest high of the retracement move
high 1 is higher than high 2, thus I would not adjust the retracement trendline. I think that's how it's done typically.
If however the formation looks like a triangle or range, you can disregard that rule.
So one could argue that it looks a bit like a triangle. Again no hard rules here. But for me personally the retracement trendline is broken.

cheers


Custos, thank you for sharing.
I need to explain myself a little regarding retracement line. I was not sure about it, but my thinking went this way. If retracement line broken, but did not go into real continuation and down move and another bounce up happens I consider this level serving as suuport and move my retracement line connect lines and previous retracement line is disregarded as a failed one. I am not quite sure if I got it right but I never traded trend lines of any kind before getting into this thread. i always used only horizontal s/r lines.
  • #8,643
  • Oct 25, 2010 8:22am Oct 25, 2010 8:22am
Good morning,
I am curious how far down can price break from the trend line for the BPC before it is invalid? The chart below this morning price on the GBP/JPY broke my TL and kept going. Now it is starting it's pull back. What would make this invalid? It is almost to the previous swing low.
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  • #8,644
  • Edited 9:39am Oct 25, 2010 8:35am | Edited 9:39am
Quoting Siddhi69
Good morning,
I am curious how far down can price break from the trend line for the BPC before it is invalid? The chart below this morning price on the GBP/JPY broke my TL and kept going. Now it is starting it's pull back. What would make this invalid? It is almost to the previous swing low.
I am not sure what your problem was here. Price broke the retracement trendline and made a bpc.

In general if there is no pullback, or the pullback happens late, then you just search for another setup. No need to participate in each and every move.
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  • #8,645
  • Oct 25, 2010 9:27am Oct 25, 2010 9:27am
Hi ya Everyone..

I was wondering if someone could please put me in the direction of more of Hector's info, preferably videos outside of his course which I have already?..
The original site he had up before I noticed has now been taken down..

cheers,
Adrian
  • #8,646
  • Oct 25, 2010 9:33am Oct 25, 2010 9:33am
Quoting shiko
It looks like you are quite talkative , LOL I have check the pair. It is in downtrend on weekly. so, weekly trend reasserting itself probably.
It looks like NightMoves set up on weekly with trigger on daily. Wow.
Did you take the BPC on H4? Highlighted in chart below. For EUR/AUD, that is.

I want it to clear the 1.4053 and bpc under that RN, either on the H4 or DAILY time frame, then enter.
Attached Image(s) (click to enlarge)
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  • #8,647
  • Oct 25, 2010 9:35am Oct 25, 2010 9:35am
Quoting aarangio
Hi ya Everyone..

I was wondering if someone could please put me in the direction of more of Hector's info, preferably videos outside of his course which I have already?..
The original site he had up before I noticed has now been taken down..

cheers,
Adrian
on youtube there are a lot.
  • #8,648
  • Oct 25, 2010 9:36am Oct 25, 2010 9:36am
Quoting Custos
I am not sure what your problem was here. Price broke the retracement trendline and made a bpc.

In general if their is no pullback, or the pullback happens late, then you just search for another setup. No need to participate in each and every move.
My, Oh my, they should give you some stipend for all the teaching you've been doing.....it is incredible just how generous complete strangers can be on FF.
  • #8,649
  • Oct 25, 2010 9:39am Oct 25, 2010 9:39am
Quoting aarangio
Hi ya Everyone..

I was wondering if someone could please put me in the direction of more of Hector's info, preferably videos outside of his course which I have already?..
The original site he had up before I noticed has now been taken down..

cheers,
Adrian
Indeed, custos is right. There are at least, 177 videos of his live trades on youtube.

We've mentioned this fact before.

In fact, if you spend time seriously studying these videos, most of the questions being asked about hector trades are already answered over and over and over. Just spend some weekends on it. Well, you will need more than a weekend to thoroughly study it.
  • #8,650
  • Oct 25, 2010 9:42am Oct 25, 2010 9:42am
Quoting Mortician.
My, Oh my, they should give you some stipend for all the teaching you've been doing.....it is incredible just how generous complete strangers can be on FF.
haha, well, it also benefits me. Reinforces things I haven't thought of in a while.
Also, otherwise I would be bored
  • #8,651
  • Oct 25, 2010 9:48am Oct 25, 2010 9:48am
Quoting Custos
on youtube there are a lot.
Hi ya Custos, Mortician.,

Excellent!, thanks for your help on this, much appreciated!!

Cheers,
Adrian
  • #8,652
  • Oct 25, 2010 9:54am Oct 25, 2010 9:54am
Quoting aarangio
Hi ya Custos, Mortician.,

Excellent!, thanks for your help on this, much appreciated!!

Cheers,
Adrian
FUN FACT: i went through the entire list of hector youtube videos online before i even got the classic, old hector course. I was googling for forex videos on youtube when i stumbled upon it. After watching the videos over and over, and also using metatrader to check what hector was doing...i completely understand what he was about.

In retrospect, i am not sure i even need to get the course with the amount of information in those videos.(especially, if you've read a couple of books on trading and forex.)
  • #8,653
  • Oct 25, 2010 9:55am Oct 25, 2010 9:55am
Quoting Mortician.
Indeed, custos is right. There are at least, 177 videos of his live trades on youtube.

We've mentioned this fact before.

In fact, if you spend time seriously studying these videos, most of the questions being asked about hector trades are already answered over and over and over. Just spend some weekends on it. Well, you will need more than a weekend to thoroughly study it.


Hey Mortician..

Thanks for your advice and help..

I was doing Hectors style of trading before and got lured away by other systems and I'm just starting to get myself straight with my trading and going back to basics and liking Hector's style again and realised how good a system it is now as I feel I've learnt alot more since I first got his course and going over it again makes me realise I didn't understand a lot of it back then clearly and was missing parts of his teachings at the time.. wish I didn't get lured away from it so easily before!..

Thanks for your help..

Adrian
  • #8,654
  • Oct 25, 2010 9:56am Oct 25, 2010 9:56am
Custos,
I think my TL is a little bit off. In your screen shot your bpc happened alot earlier and you got to first tp. On my chart it happened much later. I got the pull back at almost the previous swing low.

So my question is: When drawing the TLs do you always try to use the extreme highs and lows as part of the TL? I thought it was more of an impulse move so I set my TL a little bit higher. Which in my case makes me miss this trade. An insight would be great! Take a look at the difference between the charts.
  • #8,655
  • Oct 25, 2010 10:11am Oct 25, 2010 10:11am
Quoting Siddhi69
Custos,
I think my TL is a little bit off. In your screen shot your bpc happened alot earlier and you got to first tp. On my chart it happened much later. I got the pull back at almost the previous swing low.

So my question is: When drawing the TLs do you always try to use the extreme highs and lows as part of the TL? I thought it was more of an impulse move so I set my TL a little bit higher. Which in my case makes me miss this trade. An insight would be great! Take a look at the difference between the charts.
Yes, typically I use the extreme low/high from which I draw the trendline. But exceptions confirm the rule. There are times when you have to bend this rule, but this comes with practice and screentime.
  • #8,656
  • Oct 25, 2010 10:16am Oct 25, 2010 10:16am
Quoting Siddhi69
Custos,
I think my TL is a little bit off. In your screen shot your bpc happened alot earlier and you got to first tp. On my chart it happened much later. I got the pull back at almost the previous swing low.

So my question is: When drawing the TLs do you always try to use the extreme highs and lows as part of the TL? I thought it was more of an impulse move so I set my TL a little bit higher. Which in my case makes me miss this trade. An insight would be great! Take a look at the difference between the charts.
Like i said above about all questions answered already in hector videos online. Your question is already answered in this live trade:

PART I

Inserted Video


PART II

Inserted Video


PART III

Inserted Video


FOR TRADE PLANS, CHECK OUT:

Inserted Video


Inserted Video
  • #8,657
  • Oct 25, 2010 10:18am Oct 25, 2010 10:18am
Quoting Mortician.
Did you take the BPC on H4? Highlighted in chart below. For EUR/AUD, that is.

I want it to clear the 1.4053 and bpc under that RN, either on the H4 or DAILY time frame, then enter.

No, I didn't. I was not here. It moved higher than 1.4053 now.
  • #8,658
  • Oct 25, 2010 10:22am Oct 25, 2010 10:22am
I entered short EUR/AUD but with very small position. stop at 1.4130.
First TP at 1.3990. Betting half of my today profit. I am simply interested to see how such longer term trades go and how I can wait.
  • #8,659
  • Oct 26, 2010 4:04am Oct 26, 2010 4:04am
Quoting Mortician.
......You know the strangest thing: i wont be surprised at all if the greenius trade worked(to some extent) on that GBP/CHF. But i cant emphasize it enough: trade with the trend.
what do you know?
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  • #8,660
  • Oct 26, 2010 4:12am Oct 26, 2010 4:12am
Quoting shiko
GBP/AUD you got yourself a runner. It is breaking under 1.5800. excellent trade

Quoting Mortician.
In my humble opinion, not really. I expect a full retracement back to 1.5950 area in a couple of days. That will prime it for a nice hector trade, that is when the pyramiding begins....

GBP/AUD has retraced all the way to 1.5950 and blasted through it(good thing we only trade 1,2,3 formation or trendline breaks.)
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