Trend Trading All Pairs | Page 455 | 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

  • #9,081
  • Nov 9, 2010 3:15am Nov 9, 2010 3:15am
Quoting Custos
and the nice thing, after a while, that position will pay for all your future losses.
i dont deny the rationality of your statement. i just dont have the psychological requirement to implement it.
  • #9,082
  • Nov 9, 2010 3:20am Nov 9, 2010 3:20am
Quoting Custos
it closes in 2 hours and 47 min.

There is an indicator I use to display time left for the candle. It's called P4L CandleTime.
I don't wanna attach it here, since I don't know if I am allowed to by the original programmer, but you can for sure find it in this forum.

I see, it is 7:00 a.m. EST here.
It is always nice to know this especially when looking for certain candle formation.

I like GBP/Jpy more and more. this due is making all the right moves for now.
but frankly, both GBP/JPY and Eur/Jpy are shadows of former self.
I do not know when, but this big triangle gonna burst one day and as Mortician put it, it will be golden
  • #9,083
  • Nov 9, 2010 3:22am Nov 9, 2010 3:22am
I also think that not taking partials is good thing, I only think that I am not confident enough in my skill for now to implement this. I need more results pip wise.
  • #9,084
  • Nov 9, 2010 3:22am Nov 9, 2010 3:22am
breakouts in the last 24hours. some are better than others

eur/cad WEEKLY/DAILY, SHORT
EUR/JPY, daily/h1, short
cad/jpy, daily/h1, short
gbp/chf, daily/h4 short
gbp/jpy, daily/h4 short
eur/gbp, weekly. daily., short.
eur/chf weekly.daily. short
  • #9,085
  • Nov 9, 2010 3:37am Nov 9, 2010 3:37am
Quoting Andy_G
Hi all Nightmoves/Hector traders

I took this usd/chf daily trade last week and made 140 pips (demo). As per Hectors rules my target was the previous swing low at 0.95000 ish but it did not make that?
My question is, would the blue trendline have been a valid exit point?

thanks
Andy
did you check usd/chf H4, and 15mins? short side.breakout, pullbck, conti
  • #9,086
  • Nov 9, 2010 3:46am Nov 9, 2010 3:46am
partial profits or no partial profits?

i think i know how to settle this once and for all.

starting next year, i will split my account into two. take the same trade simultaneously, one will involve the way i normally trade, the other will involve absolutely no partial profit until the very end.

by december 2011 i will compare the results of both accounts and the matter will finally be settled once and for all. i think a year is good enough to answer this for me.
  • #9,087
  • Nov 9, 2010 3:50am Nov 9, 2010 3:50am
Quoting shiko
I also think that not taking partials is good thing, I only think that I am not confident enough in my skill for now to implement this. I need more results pip wise.
well, as I said, punch in orders in forex tester. One time with partials, one time without and see how the equity curve develops over time.

Then you get the pip results in a matter of hours.
  • #9,088
  • Nov 9, 2010 4:01am Nov 9, 2010 4:01am
Quoting Custos
well, as I said, punch in orders in forex tester. One time with partials, one time without and see how the equity curve develops over time.

Then you get the pip results in a matter of hours.

I guess I need to trade this style only for some time to test this, right?
  • #9,089
  • Nov 9, 2010 4:06am Nov 9, 2010 4:06am
Setups happening right now and waiting for the close on h4.
eur/usd, usd/dkk - engulfing candles
aud/jpy - I think you call that a tweezer (almost an outside bar formation)
  • #9,090
  • Nov 9, 2010 4:08am Nov 9, 2010 4:08am
Quoting shiko
I guess I need to trade this style only for some time to test this, right?
well, to get a 10,000 pip runner it takes several months to years. Problem is, you will have to take several losses and b/e trades in order to position yourself with the long-term trend, which means you need to have faith in the strategy to stay with it.
So, there is the slow way by waiting years to see, if that is profitable, or the fast way to speed up the market action and see it within hours.
  • #9,091
  • Nov 9, 2010 4:16am Nov 9, 2010 4:16am
Quoting Custos
well, to get a 10,000 pip runner it takes several months to years. Problem is, you will have to take several losses and b/e trades in order to position yourself with the long-term trend, which means you need to have faith in the strategy to stay with it.
So, there is the slow way by waiting years to see, if that is profitable, or the fast way to speed up the market action and see it within hours.

I do not think you do not need to be extreme to be profitable. I am not looking for this much pips. I prefer something in the middle and 500-600 pips trades will make me pretty happy. as long as my hit rate is good, risk controlled and profits let to run. My short Eur/Chf was giving me 100 pips. I did not take anyhting. it is around 40-50 pips now.
I am only thinking to move stop to BE or not. I remember you mentioned you do it only around 200-300 pips in profit. this entry is on weekly set up NightMoves. so I wonder, should I move stop now or still wait. It looks like a good one. pretty confident I have not seen everything on short side yet.
  • #9,092
  • Nov 9, 2010 4:19am Nov 9, 2010 4:19am
I obviously need to give some breathing space to such trades, but letting winner turn loser. dilemma.
  • #9,093
  • Nov 9, 2010 4:20am Nov 9, 2010 4:20am
yes, I am watching set ups. e/u, g/u. too many to take actually. i like majors.
  • #9,094
  • Nov 9, 2010 4:21am Nov 9, 2010 4:21am
Quoting shiko
I do not think you do not need to be extreme to be profitable. I am not looking for this much pips. I prefer something in the middle and 500-600 pips trades will make me pretty happy. as long as my hit rate is good, risk controlled and profits let to run. My short Eur/Chf was giving me 100 pips. I did not take anyhting. it is around 40-50 pips now.
I am only thinking to move stop to BE or not. I remember you mentioned you do it only around 200-300 pips in profit. this entry is on weekly set up NightMoves. so I wonder, should I move stop now or still...
I think I know why you get so many b/e trades. You tend to move stops too soon to b/e. Remember this, price almost always tests the area it breaks out from. Which also means it will very likey test the bpc (your entry point). Since it hasn't done that yet, I would not move stop to b/e.
  • #9,095
  • Nov 9, 2010 4:26am Nov 9, 2010 4:26am
Quoting Custos
I think I know why you get so many b/e trades. You tend to move stops too soon to b/e. Remember this, price almost always tests the area it breaks out from. Which also means it will very likey test the bpc (your entry point). Since it hasn't done that yet, I would not move stop to b/e.

I agree. I entered short Eur/Chf at 1.3430. it is Continuation price on 4H per NM method. Set up is on weekly. so,I think I need to trade to run further, probably what we are seeing now is exactly this retest. if everything goes fine, then next lower low might be a signal to move stop.
  • #9,096
  • Nov 9, 2010 4:28am Nov 9, 2010 4:28am
Quoting shiko
I agree. I entered short Eur/Chf at 1.3430. it is Continuation price on 4H per NM method. Set up is on weekly. so,I think I need to trade to run further, probably what we are seeing now is exactly this retest. if everything goes fine, then next lower low might be a signal to move stop.
yep
  • #9,097
  • Nov 9, 2010 4:40am Nov 9, 2010 4:40am
I like my mental state. I am calm not matter what. Yesterday as price hit my stop on G/U, I felt nothing.
anyway, it's pity. I would not have taken that trade had I had IBFX yesterday. There was absolutely nothing on IBFX to justify this trade.
I think, whatever the method, the main part is still mental.
I let my profits run and cut my losses and this is important
  • #9,098
  • Nov 9, 2010 4:44am Nov 9, 2010 4:44am
G/U looks like getting in place for set up.
  • #9,099
  • Nov 9, 2010 4:52am Nov 9, 2010 4:52am
Quoting shiko
I agree. I entered short Eur/Chf at 1.3430. it is Continuation price on 4H per NM method. Set up is on weekly. so,I think I need to trade to run further, probably what we are seeing now is exactly this retest. if everything goes fine, then next lower low might be a signal to move stop.
interesting. i breakeven mine when price hit 1.3345, the size of my risk. 90 pips.

my eur/jpy has triggered my breakeven. i sold 1/2 at 2x, moved the rrest to BE. meaning on that trade i made 1:1 risk/reward. waitinb for bpc under 111.50.
  • #9,100
  • Nov 9, 2010 5:00am Nov 9, 2010 5:00am
Quoting Bandit
interesting. i breakeven mine when price hit 1.3345, the size of my risk. 90 pips.

my eur/jpy has triggered my breakeven. i sold 1/2 at 2x, moved the rrest to BE. meaning on that trade i made 1:1 risk/reward. waitinb for bpc under 111.50.


I know where you entered. inside line bpc. But I waited for more confirmation making sure it is really down trend. I am not comfortable with pairs I have not traded and this one I traded 2 years ago when I was a newbie and it was very slow.
4 traders viewing now