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Trend Trading All Pairs

  • #9,101
  • Nov 9, 2010 5:05am Nov 9, 2010 5:05am
it would be nice to enter USD/CHF, but I see no pull back. been watching. 15 min pull back is not valid for me anymore.
  • #9,102
  • Nov 9, 2010 5:28am Nov 9, 2010 5:28am
Quoting shiko
it would be nice to enter USD/CHF, but I see no pull back. been watching. 15 min pull back is not valid for me anymore.

Arent you in this already from last week?
  • #9,103
  • Nov 9, 2010 5:53am Nov 9, 2010 5:53am
Quoting NaughtyPip
Arent you in this already from last week?
I mean now...it is another set up.
  • #9,104
  • Nov 9, 2010 6:03am Nov 9, 2010 6:03am
Quoting shiko
I mean now...it is another set up.

ahh ok. I wont be re entering this as I like to variate my risk. I wont be entering eur/usd because of usd/chf correlation.
  • #9,105
  • Nov 9, 2010 8:04am Nov 9, 2010 8:04am
closed long E/U half position for 90 pips. risked 60. stop B/E. could be nice to add on bpc but today's ATR looks like exhausted, so I will manage whatever I have.
Eur/Chf was at BE and some loss now back to small profit. 100 pips to go for first target. It took massive power of will not to close this position, neither half at 100 pips profit nor when it moved close to BE. I want to see how this will end. Once I have half position closed and stop at BE, I do not care.
I hope there will not be one more BE. Stop at 1.4080. entered after break out and pull back of PB on 1H. I hope it might be a runner.
  • #9,106
  • Nov 9, 2010 8:59am Nov 9, 2010 8:59am
Quoting Custos
I was wondering one thing, how do you avoid fakeouts? What is your exact entry rule?
For entry, I like to wait until price breaks a horizontal S/R line and pulls back close enough to the 100 / 200 to allow me to enter with a 20 pip SL above or below both SMAs. Trendlines and horizontal S/R lines help avoid fakeouts, but nothing in forex is certain. How do you avoid fakeouts?

Many of you are missing my point so in a short paragraph ... the market can only do two things, trend and non trend. Non trending periods are followed by trending periods and trending periods are followed by non trending periods. When the 100 / 200 SMAs are flat and close together with price, the market is non trending, this is the signal to get ready because it will trend soon. That is what works 100% of the time. The direction is unknown and you should use other clues to determine direction, but it will definitely trend after a non trending period, guarenteed.

Seeing as some of you feel this is your personal chat / attack thread, I'll quit trying to help and let you get back to chatting amongst yourselves. The PM'd questions from those who see the merit have been replied to.
  • #9,107
  • Nov 9, 2010 9:30am Nov 9, 2010 9:30am
Quoting shiko
closed long E/U half position for 90 pips. risked 60. stop B/E. could be nice to add on bpc but today's ATR looks like exhausted, so I will manage whatever I have.
Eur/Chf was at BE and some loss now back to small profit. 100 pips to go for first target. It took massive power of will not to close this position, neither half at 100 pips profit nor when it moved close to BE. I want to see how this will end. Once I have half position closed and stop at BE, I do not care.
I hope there will not be one more BE. Stop at 1.4080. entered after break out...
Took another short on the eur/chf FROM H1/15MINS. you can see thew 1,2,3 formation below the 1.3438. entry was at 1.3415.
(my original position was closed out.)
  • #9,108
  • Nov 9, 2010 9:37am Nov 9, 2010 9:37am
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  • #9,109
  • Nov 9, 2010 9:50am Nov 9, 2010 9:50am
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  • #9,110
  • Nov 9, 2010 10:08am Nov 9, 2010 10:08am
Quoting redsword11
Attachment


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a closer look - closed it @ 2 candle reversal pivot
  • #9,111
  • Nov 9, 2010 10:23am Nov 9, 2010 10:23am
selling more after the retrace
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  • #9,112
  • Nov 9, 2010 10:37am Nov 9, 2010 10:37am
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  • #9,113
  • Nov 9, 2010 10:46am Nov 9, 2010 10:46am
Quoting Bandit
Took another short on the eur/chf FROM H1/15MINS. you can see thew 1,2,3 formation below the 1.3438. entry was at 1.3415.
(my original position was closed out.)
yes.
I was stopped at BE E/U. went short GBP/JPY on bpc 4H.
  • #9,114
  • Nov 9, 2010 10:51am Nov 9, 2010 10:51am
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  • #9,115
  • Nov 9, 2010 11:25am Nov 9, 2010 11:25am
Ok I am using the bpc stratergy as confirmation, but you guys who are using candlestick patterns to enter, where do you enter? Is it at the open of the following candle after a pin bar, engulfing bar etc.

thanks
Andy
  • #9,116
  • Nov 9, 2010 11:38am Nov 9, 2010 11:38am
Quoting Andy_G
Ok I am using the bpc stratergy as confirmation, but you guys who are using candlestick patterns to enter, where do you enter? Is it at the open of the following candle after a pin bar, engulfing bar etc.

thanks
Andy
It is at the break of the candle, at least for me.
  • #9,117
  • Nov 9, 2010 11:39am Nov 9, 2010 11:39am
Hi, i trade the following pairs and they seem to trend (same/opp.) direction:

same:
AUD/USD
EUR/USD
GBP/USD

opp:
USD/CAD

i've also starting looking at USD/ZAR which moves similar to USD/CAD but seems like a volcano and erupts now and then massively lol! and if ur on the wrong side u getting burnt badly!!!

Anyone else trade these pairs?
  • #9,118
  • Nov 9, 2010 11:48am Nov 9, 2010 11:48am
Custos, I wonder, how many pips you usually risk per trade? 100? more or less?
I start seeing the reason to let trades run and not to take partial profits actually.
  • #9,119
  • Nov 9, 2010 12:26pm Nov 9, 2010 12:26pm
Quoting Custos
It is at the break of the candle, at least for me.
the break of the open/close or the high/low?

can you post a picture or point me towards an example

thanks
  • #9,120
  • Nov 9, 2010 12:36pm Nov 9, 2010 12:36pm
Quoting redsword11
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