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Trend Trading All Pairs

  • #10,161
  • Jan 16, 2011 2:28pm Jan 16, 2011 2:28pm
Quoting Custos
not quite sure what you mean.
4 bars on every time frame are just 4 bars.
On daily it's 4 days, on a second chart it's 4 seconds.

Not sure where you are coming from...

You are right ... i think I mixed it up with something else on my mind. But thanks for the heads up.
  • #10,162
  • Jan 16, 2011 5:55pm Jan 16, 2011 5:55pm
Quoting MktScape
You are right ... i think I mixed it up with something else on my mind. But thanks for the heads up.
MktScapoe, I think what you actually wanted to say is that different time frame have different time stops. I have been thinking of this too. If signal is on daily, time stop should be bigger than if signal is on 4h or 1H. everything depends upon what time frame signal was taken on. Custos is right about stats. I am sure there must be data where if trade taken on 4H is not working within say 16 hours probability of this trade to win is only 30% and thus it is better to close it right away.
  • #10,163
  • Jan 17, 2011 2:02am Jan 17, 2011 2:02am
Many pairs like Eur/Chf, Eur/Nzd and few others show forming long set ups on 4H but short set ups on dailies per NM along the longer term trends.
  • #10,164
  • Jan 17, 2011 2:05am Jan 17, 2011 2:05am
Quoting shiko
Many pairs like Eur/Chf, Eur/Nzd and few others show forming long set ups on 4H but short set ups on dailies per NM along the longer term trends.
I'll go with the dailies
  • #10,165
  • Jan 17, 2011 2:17am Jan 17, 2011 2:17am
Quoting Custos
I'll go with the dailies

I already set retracement trend lines and fibs there. looks ok, but I think it will not be immediate bpc, but trend lines will have to be moved. you probably know what I mean. I noticed that when trend line is too steep, there is a break and then pull back back above/ under trend line forming the real trend line to be broken for bpc.
anyway, on daily bpc is on 4H chart
  • #10,166
  • Jan 17, 2011 2:19am Jan 17, 2011 2:19am
Quoting shiko
I already set retracement trend lines and fibs there. looks ok, but I think it will not be immediate bpc, but trend lines will have to be moved. you probably know what I mean. I noticed that when trend line is too steep, there is a break and then pull back back above/ under trend line forming the real trend line to be broken for bpc.
anyway, on daily bpc is on 4H chart
yeah, I know what you mean, well, let's see how it works out. I strongly believe that this week we could see a push down.
  • #10,167
  • Jan 17, 2011 2:22am Jan 17, 2011 2:22am
Custos, have you noticed gbp/jpy breaking above all weekly down trend lines and testing them now?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy weekly.gif Size: 76 KB
  • #10,168
  • Jan 17, 2011 2:24am Jan 17, 2011 2:24am
Quoting Custos
yeah, I know what you mean, well, let's see how it works out. I strongly believe that this week we could see a push down.
I am waiting for this too. anyway, if there will be bpc right away, I will enter, it simply looks like in most cases it is not happening right away when trend line is very steep. momentum gotta be broken before trend resumes.
  • #10,169
  • Jan 17, 2011 2:29am Jan 17, 2011 2:29am
Quoting shiko
Custos, have you noticed gbp/jpy breaking above all weekly down trend lines and testing them now?

Attachment
yep, have seen that, but the whole area is one big consolidation, so I won't do anything until it breaks that black marked consolidation.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy w1 17.1.2011.gif Size: 19 KB
  • #10,170
  • Jan 17, 2011 2:37am Jan 17, 2011 2:37am
Quoting Custos
yep, have seen that, but the whole area is one big consolidation, so I won't do anything until it breaks that black marked consolidation.

this pair doe snot look like itself recently for quite a while.
I think eur/nzd is a much safer bet:

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd daily.gif Size: 76 KB


notice how it failed to break previous attempt's high before testing trend line
  • #10,171
  • Jan 17, 2011 2:46am Jan 17, 2011 2:46am
Quoting shiko
this pair doe snot look like itself recently for quite a while.
I think eur/nzd is a much safer bet:

Attachment

notice how it failed to break previous attempt's high before testing trend line
yep, looks good, unfortunately I don't have that pair with my broker, so won't be trading it.
  • #10,172
  • Jan 17, 2011 2:50am Jan 17, 2011 2:50am
Quoting Custos
yep, looks good, unfortunately I don't have that pair with my broker, so won't be trading it.
which broker are you with?
gonna take a nap again. at the moment nothing of interest. everything is in development.
  • #10,173
  • Jan 17, 2011 2:58am Jan 17, 2011 2:58am
ga lot of good set ups forming but this one looks the closest to fruition if there is bpc above those lines:
gbp/usd
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4h.gif Size: 83 KB
  • #10,174
  • Jan 17, 2011 3:03am Jan 17, 2011 3:03am
Quoting shiko
which broker are you with?
gonna take a nap again. at the moment nothing of interest. everything is in development.
mbtrading
  • #10,175
  • Jan 17, 2011 3:05am Jan 17, 2011 3:05am
Quoting shiko
ga lot of good set ups forming but this one looks the closest to fruition if there is bpc above those lines:
gbp/usd
Attachment
you have to watch the longer time-frames a bit more. gbp/usd is in a huge triangle on the weekly.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd w1 17.1.2011.gif Size: 21 KB
  • #10,176
  • Jan 17, 2011 4:21am Jan 17, 2011 4:21am
Quoting Custos
you have to watch the longer time-frames a bit more. gbp/usd is in a huge triangle on the weekly.
it does not mean you cannot make 50-60 pips on the move I am talking about. even more., it makes money making opportunity better one cause price wants to test upper trend line... it depends on momentum
  • #10,177
  • Jan 17, 2011 4:21am Jan 17, 2011 4:21am
anywaym, it is only if everything in in order.
  • #10,178
  • Jan 17, 2011 4:23am Jan 17, 2011 4:23am
Quoting shiko
it does not mean you cannot make 50-60 pips on the move I am talking about. even more., it makes money making opportunity better one cause price wants to test upper trend line... it depends on momentum
well, it's your money. I just know that I will not bet my money against a trendline.
  • #10,179
  • Jan 17, 2011 4:29am Jan 17, 2011 4:29am
Quoting Custos
well, it's your money. I just know that I will not bet my money against a trendline.

man, check where is the trend line, it is more than 100 pips away. above 1.6000
anyway, i am not trading yet. I see no momentum so far
  • #10,180
  • Jan 17, 2011 4:32am Jan 17, 2011 4:32am
Quoting shiko
man, check where is the trend line, it is more than 100 pips away. above 1.6000
anyway, i am not trading yet. I see no momentum so far
I don't see a need to argue. I told you my reasoning and you told me yours. We don't need to trade everything the same way.
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