Trend Trading All Pairs | Page 444 | 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

  • #8,861
  • Nov 4, 2010 7:10am Nov 4, 2010 7:10am
Quoting Custos
haha, I have these fights still sometimes, but it gets better and better with every trade that outperforms my initial expectations

I need that trade for positive reinforcement ...
  • #8,862
  • Nov 4, 2010 7:21am Nov 4, 2010 7:21am
market going ballistic. new levels on all interesting pairs. enough job for next week. will be waiting for pull backs/ retracements
  • #8,863
  • Nov 4, 2010 8:19am Nov 4, 2010 8:19am
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 74 KB
  • #8,864
  • Nov 4, 2010 10:30am Nov 4, 2010 10:30am
Quoting Custos
haha, once you had your first 1000 pip trade you will find that 90 pips is really small.
Hi ya Custos..

Amazing how you can do that!....I get 20 pips and I run for the hills!
Were you like this once and was there a little trick you did to get over this or is it just time and experience?
Or it's all down to psychology patients and persistence?

cheers,
Adrian
  • #8,865
  • Nov 4, 2010 10:35am Nov 4, 2010 10:35am
Quoting aarangio
Hi ya Custos..

Amazing how you can do that!....I get 20 pips and I run for the hills!
Were you like this once and was there a little trick you did to get over this or is it just time and experience?

cheers,
Adrian
if you asked me a couple of months ago, I would have been exactly like you. Trying to catch my pips and run. But it is just inefficient.
Well, it was just when I analysed my past trades and saw that many of them would have survived for hundreds or thousands of pips. Also was reading more about long-term trading.
I gave it a go and found that it is so much more relaxing and rewarding to let the trend do the work.
Once you got some trades that run a 500 to 1000 pips you will have a nice feeling that will let you stay with the longterm approach. At least that was my turning point.
  • #8,866
  • Nov 4, 2010 10:39am Nov 4, 2010 10:39am
I'm watching this setup for a short.
Custos, please correct if I missed something.

Thanks
Andreas
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy d1.gif Size: 18 KB
  • #8,867
  • Nov 4, 2010 10:39am Nov 4, 2010 10:39am
Quoting aarangio
Hi ya Custos..

Amazing how you can do that!....I get 20 pips and I run for the hills!
Were you like this once and was there a little trick you did to get over this or is it just time and experience?
Or it's all down to psychology patients and persistence?

cheers,
Adrian
Another benefit of sticking to the long-term trend is that you always only enter high quality setups. You never try trading against the trend. When we fight the trend we generally lose money. But when we are with the trend, we might have 2 or 3 minor losses until the trend takes off and makes up for these few losses in a matter of days.
  • #8,868
  • Nov 4, 2010 10:39am Nov 4, 2010 10:39am
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 47 KB




forgot to post my entry here


put it in the eurusd thread
  • #8,869
  • Nov 4, 2010 10:44am Nov 4, 2010 10:44am
Quoting Custos
if you asked me a couple of months ago, I would have been exactly like you. Trying to catch my pips and run. But it is just inefficient.
Well, it was just when I analysed my past trades and saw that many of them would have survived for hundreds or thousands of pips. Also was reading more about long-term trading.
I gave it a go and found that it is so much more relaxing and rewarding to let the trend do the work.
Once you got some trades that run a 500 to 1000 pips you will have a nice feeling that will let you stay with the longterm approach....
Going on what you say here are you basically trading from say monthly down to 4HR and maybe 1hr TF's to get in on the trade and using the last reversal points and S/R for the stop loss?...
what size average SL could you have on at times?

Thanks again for your help
  • #8,870
  • Nov 4, 2010 10:46am Nov 4, 2010 10:46am
Quoting AndreasF
I'm watching this setup for a short.
Custos, please correct if I missed something.

Thanks
Andreas
I will personally also take this setup for a short, if I see a good candle.

But you should be very much aware that this pair looks terrible on the weekly and monthly chart. It kind of goes down, now two upsings. Overall it's down, but just kind of ranging around.

So, it's not A+ by no means, because the trend is just so vague with that pair, but I have a slight down bias, that's why I will also trade it. Good overall identification of the levels.
One thing I would suggest you, for the horizontal levels on those high time-frames, try to make them fit with a round number. Like here it would be 84.00 in my opinion. Just the market tends to use this round numbers a lot.

cheers
  • #8,871
  • Nov 4, 2010 10:50am Nov 4, 2010 10:50am
Quoting Custos
Another benefit of sticking to the long-term trend is that you always only enter high quality setups. You never try trading against the trend. When we fight the trend we generally lose money. But when we are with the trend, we might have 2 or 3 minor losses until the trend takes off and makes up for these few losses in a matter of days.
silly me has only got use to trading with the trend and realised the power of it and I'm very happy with the outcome since I've taken this on board more importantly over the last couple of months..
  • #8,872
  • Nov 4, 2010 10:51am Nov 4, 2010 10:51am
Quoting aarangio
Going on what you say here are you basically trading from say monthly down to 4HR and maybe 1hr TF's to get in on the trade and using the last reversal points and S/R for the stop loss?...
what size average SL could you have on at times?

Thanks again for your help
For analysis purposes I use the monthly down to the daily (identification of S/R & trend).
For trading purposes (pinbars...) time-frames are daily and h4. Weekly I rarely use, only if I see a good pinbar at a certain location. And wouldn't use monthly for trading, cause the stop loss would get seriously wide.

Yeah the stops I am still evaluating what is best. Either putting them behind the pinbar or behind the whole area. Need to do more testing on that. Right now I put the stops more often behind the pinbars and so on.

Size of stoploss depends on the pair, anything between 70 to 200 pips I guess.
  • #8,873
  • Nov 4, 2010 10:56am Nov 4, 2010 10:56am
Thanks a lot, Custos

Only 2 months ago I wasn't able to spot such levels.
Following your excellent guidance here in this thread helped a lot!

Thanks
Andreas


Quoting Custos
I will personally also take this setup for a short, if I see a good candle.

But you should be very much aware that this pairs looks terrible on the weekly and monthly chart. It kind of goes down, now two upsings. Overall it's down, but just kind of ranging around.

So, it's not A+ by no means, because the trend is just so vague with that pair, but I have a slight down bias, that's why I will also trade it. Good overall identification of the levels.
One thing I would suggest you, for the horizontal levels on those high time-frames, try to make...
  • #8,874
  • Nov 4, 2010 10:58am Nov 4, 2010 10:58am
Quoting Custos
For analysis purposes I use the monthly down to the daily (identification of S/R & trend).
For trading purposes (pinbars...) time-frames are daily and h4. Weekly I rarely use, only if I see a good pinbar at a certain location. And wouldn't use monthly for trading, cause the stop loss would get seriously wide.

Yeah the stops I am still evaluating what is best. Either putting them behind the pinbar or behind the whole area. Need to do more testing on that. Right now I put the stops more often behind the pinbars and so on.

Size of stoploss depends...
Thanks again..

Quote
or behind the whole area.
sorry not sure what you mean here?

Do you ever use the 1hr TF for an entry for a tighter stop?
On Price Action are you mainly using PB's or are you using Bullish/Bearish out side bars or any other type of bar formation for entry?

Sorry for all the questions!
  • #8,875
  • Nov 4, 2010 11:00am Nov 4, 2010 11:00am
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 75 KB




bear, followed by contracting prices, followed by a strong bear


common reversal PA, awaiting entry south
  • #8,876
  • Nov 4, 2010 11:02am Nov 4, 2010 11:02am
Quoting aarangio
Thanks again..

Do you ever use the 1hr TF for an entry for a tighter stop?
On Price Action are you mainly using PB's or are you using Bullish/Bearish out side bars or any other type of bar formation for entry?
sorry not sure what you mean here?

Sorry for all the questions!
well, with this method I don't use the h1.
I use any bar you just mentioned.
Well, sometimes you can see that the S/R level is quite big. It's not a to the pip level. So question is, should we put the stop behind the whole S/R level or just behind the candles?

no problem!

cheers

by the way, basically it is exactly what danuk is doing, so you might wanna check his thread.
  • #8,877
  • Nov 4, 2010 11:06am Nov 4, 2010 11:06am
Quoting Custos
well, with this method I don't use the h1.
I use any bar you just mentioned.
Well, sometimes you can see that the S/R level is quite big. It's not a to the pip level. So question is, should we put the stop behind the whole S/R level or just behind the candles?

no problem!

cheers

by the way, basically it is exactly what danuk is doing, so you might wanna check his thread.
Excellent!..thanks for all your help with this Custos..most appreciated!

Will check out Danuk's thread as you say!

Cheers,
Adrian
  • #8,878
  • Nov 4, 2010 11:14am Nov 4, 2010 11:14am
Quoting redsword11
Attachment



forgot to post my entry here


put it in the eurusd thread


Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 65 KB
  • #8,879
  • Nov 4, 2010 12:13pm Nov 4, 2010 12:13pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.jpg Size: 46 KB




this may prove to the a good indicator for kiwi correction


if prices react bullish to the lows ...........
  • #8,880
  • Nov 4, 2010 12:42pm Nov 4, 2010 12:42pm
Quoting redsword11
Attachment



forgot to post my entry here


put it in the eurusd thread

Attached Image (click to enlarge)
Click to Enlarge Name: dma.jpg Size: 58 KB
3 traders viewing now