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Trend Trading All Pairs

  • #8,921
  • Nov 5, 2010 5:05am Nov 5, 2010 5:05am
Quoting redsword11
Attachment



forgot to post my entry here


put it in the eurusd thread

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  • #8,922
  • Nov 5, 2010 5:06am Nov 5, 2010 5:06am
Quoting redsword11
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  • #8,923
  • Nov 5, 2010 5:12am Nov 5, 2010 5:12am
Quoting shiko
You need to check weekly and daily to see why.
I went short Eur/Aud but extremely small size. total risk is 0.25%. shorted with limit order at 139.63. stop loss 80 pips and first take profit same. the rest is far. let's see how this thing plays out. I am under water right now.
reason for entry:
the pair is in down trend on weekly. range was broken and when price tried to get back into the range daily candle closed as shooting star down.
SMAs are in order on 4H and weekly. It is the break of retracement trend line, pull back and continuation on...
If I were you, I would have shorted the really big pinbar on h4. But that was not really at weekly support, that's why I just watch it for now.
  • #8,924
  • Nov 5, 2010 5:47am Nov 5, 2010 5:47am
Quoting redsword11
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  • #8,925
  • Nov 5, 2010 6:16am Nov 5, 2010 6:16am
Quoting Custos
If I were you, I would have shorted the really big pinbar on h4. But that was not really at weekly support, that's why I just watch it for now.

Are you guys still holding onto your usd/chf positions? i got my stop at b/e, 135 pips. . . . nfp awaits..........
  • #8,926
  • Nov 5, 2010 6:21am Nov 5, 2010 6:21am
Quoting NaughtyPip
Are you guys still holding onto your usd/chf positions? i got my stop at b/e, 135 pips. . . . nfp awaits..........
yes, no reason to close usd/chf position out.
  • #8,927
  • Nov 5, 2010 7:14am Nov 5, 2010 7:14am
Quoting NaughtyPip
Are you guys still holding onto your usd/chf positions? i got my stop at b/e, 135 pips. . . . nfp awaits..........

Same here. hanging on... why to close. if it breaks below 0.9400 it can be a long run.
  • #8,928
  • Nov 5, 2010 7:21am Nov 5, 2010 7:21am
Quoting Custos
If I were you, I would have shorted the really big pinbar on h4. But that was not really at weekly support, that's why I just watch it for now.
Yeah, I just noticed it was actually fighting support on weekly. Tough nut to crack. it's been tested few times.
  • #8,929
  • Nov 5, 2010 7:26am Nov 5, 2010 7:26am
It's always high hopes that some kind of new employment data shows something that there is just not there. USA is unable to create jobs. All decent paying jobs creating facilities for majority of population gone somewhere abroad and all numbers are pure fantasy.
What is not fantasy is debt.
I obviously do not care and trade from charts only but I wonder what is heavier, $600 billions more debt added or some fluke with employment numbers if any which can evaporate within following month.
  • #8,930
  • Nov 5, 2010 7:28am Nov 5, 2010 7:28am
E/U is a good boy. It at least already hit previous resistance area and few pips withn Fib38, G/U is a bad boy. doe snot want to come home to daddy
  • #8,931
  • Nov 5, 2010 7:33am Nov 5, 2010 7:33am
Ouch, did not notice that I set all TP at 80 pips. just was taken out.
  • #8,932
  • Nov 5, 2010 7:51am Nov 5, 2010 7:51am
Quoting shiko
It's always high hopes that some kind of new employment data shows something that there is just not there. USA is unable to create jobs. All decent paying jobs creating facilities for majority of population gone somewhere abroad and all numbers are pure fantasy.
What is not fantasy is debt.
I obviously do not care and trade from charts only but I wonder what is heavier, $600 billions more debt added or some fluke with employment numbers if any which can evaporate within following month.
yeah, the problem is already how americans measure unemployment. I think if you are already unemployed for a few months/years you don't qualify anymore for being in the unemployment statistics (If I am wrong please correct me).
That is the major problem: you don't see the real unemployment figure, which could actually be much much higher.
Also it doesn't help that a lot of the gdp in america comes from the finance sector, where nothing is created per se.
Not saying that there are not similar problems in europe, but I think in america they are a little more pronounced.
  • #8,933
  • Nov 5, 2010 7:51am Nov 5, 2010 7:51am
Anyone went long on E/U?
I am still watching.
  • #8,934
  • Nov 5, 2010 7:54am Nov 5, 2010 7:54am
Quoting shiko
Anyone went long on E/U?
I am still watching.
yep
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  • #8,935
  • Nov 5, 2010 7:55am Nov 5, 2010 7:55am
Quoting Custos
yeah, the problem is already how americans measure unemployment. I think if you are already unemployed for a few months/years you don't qualify anymore for being in the unemployment statistics (If I am wrong please correct me).
That is the major problem: you don't see the real unemployment figure, which could actually be much much higher.
Also it doesn't help that a lot of the gdp in america comes from the finance sector, where nothing is created per se.
Not saying that there are not similar problems in europe, but I think in america they are a...
I think a lot more pronounced in US than in Europe. I have relatives in Germany, so, it is kinda different thing in Gemrany and US. Germany got a lot of manufacturing and not just manufacturing but high level manufacturing jobs with good pay. US is only losing this kind of employment. Auto industry is another example. It is still there but from very good paying it is sliding to so so paying. Even increased profits by Ford and GM generated form reducing their workers related expenses.
  • #8,936
  • Nov 5, 2010 8:05am Nov 5, 2010 8:05am
Quoting shiko
I think a lot more pronounced in US than in Europe. I have relatives in Germany, so, it is kinda different thing in Gemrany and US. Germany got a lot of manufacturing and not just manufacturing but high level manufacturing jobs with good pay. US is only losing this kind of employment. Auto industry is another example. It is still there but from very good paying it is sliding to so so paying. Even increased profits by Ford and GM generated form reducing their workers related expenses.
yes, very true, industry is very important for germans. After all, I think the service sector is way too overrated. Technology is where it's at, so countries should try becoming technology leaders, not service leaders. (Just my humble opinion, but I am not an economist, so if there is somebody with a more "professional" opinion out there, then don't hesitate to ciritisize my amateurish economic thoughts)
  • #8,937
  • Nov 5, 2010 8:10am Nov 5, 2010 8:10am
I am long too now. Slapped stop of 100 pips or so and same take profit on first half. let's see what will happen. Obviously the smaller the stop the better potential payout. for now, until this trade at BE I am not entering anything. Pity I got closed 100 % on E/A
  • #8,938
  • Nov 5, 2010 8:12am Nov 5, 2010 8:12am
Quoting Custos
yes, very true, industry is very important for germans. After all, I think the service sector is way too overrated. Technology is where it's at, so countries should try becoming technology leaders, not service leaders. (Just my humble opinion, but I am not an economist, so if there is somebody with a more "professional" opinion out there, then don't hesitate to ciritisize my amateurish economic thoughts)
US deconstructed itself. I doubt it has industrial capacity bigger than that of Germany or Japan.
I simply cannot fathom how country can consciously hurt itself like US did.
  • #8,939
  • Nov 5, 2010 8:14am Nov 5, 2010 8:14am
I guess we entered around same price. 1.4060-1.4080. It is pure DanUk simple not advanced strategy He used to have another thread there. Was entering when there was some rejection around round number with other confluencies.
s/r, round number, fibs, highs lows, we have all of this in the area.
  • #8,940
  • Nov 5, 2010 8:40am Nov 5, 2010 8:40am
Custos, I wonder, where you usually consider moving stop to BE position? 40,50-60 pips in profit?
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