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Trading Major Lines

  • #1,381
  • Jul 2, 2011 4:37am Jul 2, 2011 4:37am
AUDUSD, NZDUSD, and EURGBP all look good to me next week for longs. I will also be fishing around 1.44 on EURUSD.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #1,382
  • Jul 2, 2011 5:48am Jul 2, 2011 5:48am
I will be looking for longs on NZDUSD, EURGBP, AUDUSD as well. If oportunity for AUDUSD long happens then 1.10 is not far away (250ish pips) and would be keeping a watchfull eye on that level to cash in pips if it looks it may turn around at that level.

EURCHF looking for long oportunitys next week

Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 20 KB


GBPAUD for short

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.gif Size: 21 KB


AUDNZD it did close above 1.3 so long bias next week

Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.gif Size: 25 KB


USDCAD for short

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 21 KB


AUDSGD for long

Attached Image (click to enlarge)
Click to Enlarge Name: audsgd.gif Size: 21 KB
  • #1,383
  • Jul 2, 2011 12:21pm Jul 2, 2011 12:21pm
Quoting jasonc1213
This is a good point. Let's discuss this? I've had at least 4 positions die after reaching 200+ pips since April.
smaller the profit you take greater the win/loss ratio you get but worse reward/risk ratio then the trades with greater profits.In the long run its always better to target something big like 1000 pips..
  • #1,384
  • Jul 2, 2011 12:22pm Jul 2, 2011 12:22pm
Quoting Vaydon
I will be looking for longs on NZDUSD, EURGBP, AUDUSD as well. If oportunity for AUDUSD long happens then 1.10 is not far away (250ish pips) and would be keeping a watchfull eye on that level to cash in pips if it looks it may turn around at that level.

EURCHF looking for long oportunitys next week

Attachment

GBPAUD for short

Attachment

AUDNZD it did close above 1.3 so long bias next week

Attachment

USDCAD for short

Attachment

AUDSGD for long

Attachment
very good charts..
  • #1,385
  • Jul 4, 2011 11:27pm Jul 4, 2011 11:27pm
Quoting Vaydon
I will be looking for longs on NZDUSD, EURGBP, AUDUSD as well. If oportunity for AUDUSD long happens then 1.10 is not far away (250ish pips) and would be keeping a watchfull eye on that level to cash in pips if it looks it may turn around at that level.

EURCHF looking for long oportunitys next week

Attachment

GBPAUD for short

Attachment

AUDNZD it did close above 1.3 so long bias next week

Attachment

USDCAD for short

Attachment

AUDSGD for long

Attachment ...

Although I'm not following these pairs, I agree on all but AUDNZD.

Cheers
  • #1,386
  • Jul 5, 2011 1:59am Jul 5, 2011 1:59am
Yesterday was a slow day, US bank holiday. I was able to find two entrys on EURGBP, one of them survived the other died at BE. AUDNZD has gone past the 62 fibo line so I will wait for next week and a new candle.

This was my signal candle on 4hr charts from yesterday

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 18 KB


And my entry on 5 min charts

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp 5min.gif Size: 20 KB
  • #1,387
  • Jul 5, 2011 4:21am Jul 5, 2011 4:21am
Hi Nomask & Friends

EURGBP has gone above 0.9000 and fell back below it....so as per our methods how should we trade this pair? Since it is failing at 0.9000 should we target 0.8000 or should we target 1.0000? Thanks in advance.
  • #1,388
  • Jul 5, 2011 4:52am Jul 5, 2011 4:52am
Very interesting trading system pure & simple as I like it,thanks for sharing!
  • #1,389
  • Jul 5, 2011 5:16am Jul 5, 2011 5:16am
I am still new to this method but I think I can help you with your question.

We get our bias from last weeks weekly candle and we do not change our bias untill we get a new weekly candle.

So last week big bull candle passing through and closing above .9 major line. My bias is to go long and I will only be looking for oportunitys to go long this week.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp weekly.gif Size: 23 KB


I placed my fibo on last weeks candle and moved down to 4hr charts. The zone I have painted yellow (38-62 fibo levels) is where I am waiting and watching for price action to tell me it is time to go long. I normaly only go for engulfing or a pinbar formations.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp 4hr.gif Size: 20 KB


So even though this pair has crossed below the .9 major line it has not gone past the 62% fibo level and we can still be waiting and watching for oportunitys to buy.

Bias is decided at the start of the week and we do not change our bias durring the week. I hope this was helpful.
  • #1,390
  • Jul 5, 2011 5:53am Jul 5, 2011 5:53am
I got your point, thanks.

Quoting Vaydon
I am still new to this method but I think I can help you with your question.

We get our bias from last weeks weekly candle and we do not change our bias untill we get a new weekly candle.

So last week big bull candle passing through and closing above .9 major line. My bias is to go long and I will only be looking for oportunitys to go long this week.

Attachment

I placed my fibo on last weeks candle and moved down to 4hr charts. The zone I have painted yellow (38-62 fibo levels) is where I am waiting and watching for price action...
  • #1,391
  • Jul 6, 2011 9:42pm Jul 6, 2011 9:42pm
Nomask,
Thanks for sharing this strategy in such clear detailed manner. I'm new to this method though I'm also a firm believer in KISS for trading.

Not sure if this question has been asked b4. If there are important news (those coded red in forex factory ) affecting traded pair in next 4 hr bar right upon entry, will u still take it for this strategy?

Thank you. Much to learn from you and the rest of the traders here.
  • #1,392
  • Jul 6, 2011 10:21pm Jul 6, 2011 10:21pm
...start looking for long...
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.png Size: 19 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,393
  • Jul 7, 2011 4:02am Jul 7, 2011 4:02am
hi, i'm a new member in fx and ff, i'm trying to find a good way to trade and i found this topic, thnks so much. and because of i'm a new one, i hope that can learn from you, so i will try to post chart ( as i understand ) and if there's anything wrong, pls fix it for me and tell me . and sorry because of my bad E.
This is my first case, Eu
as i see in w1 eu nearly reach to 1.5 and then fall down to 1.4, and last week it bounce to 1.45 , and i dont know in this case will we think it will go down or up continue?
http://www.flickr.com/photos/26829061@N07/5911241311/

and if we think it will down, we have to wait untill close this week, right?
and if we looking for long, will we long at that time, at h4 is fib 61.8 of last week

http://www.flickr.com/photos/26829061@N07/5911241315/

and this is m5

http://www.flickr.com/photos/26829061@N07/5911241317/
  • #1,394
  • Jul 7, 2011 4:22am Jul 7, 2011 4:22am
Quoting sam69
...start looking for long...
I entered this trade twice at 1.4283 & 1.4292....once died at BE second attempt in profit with BE placed....Thanks Nomask & other friends
  • #1,395
  • Jul 7, 2011 6:06am Jul 7, 2011 6:06am
Quoting ava_ind
I entered this trade twice at 1.4283 & 1.4292....once died at BE second attempt in profit with BE placed....Thanks Nomask & other friends
hi all this is my firs post on this thread
i am not agree you
All PA 4h (hammer HMR/ bullish engulging L_E) haven't had confirm at 5tfPA
Infact now the price is bearish.
I remember witch we want take an long position strong.
If we loook other pair with eur all have made the same movement and all fail thePA5tf (eur/chf eur/jpy)
if you entered and after take profit..you made only scalping...but this dont is ours targt
Attached Image (click to enlarge)
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  • #1,396
  • Jul 7, 2011 6:14am Jul 7, 2011 6:14am
Quoting L,,Olonese
hi all this is my firs post on this thread
i am not agree you
All PA 4h (hammer HMR/ bullish engulging L_E) haven't had confirm at 5tfPA
Infact now the price is bearish.
I remember witch we want take an long position strong.
If we loook other pair with eur all have made the same movement and all fail thePA5tf (eur/chf eur/jpy)
if you entered and after take profit..you made only scalping...but this dont is ours targt
yes,i agree with you,i cant find a good looking entry because of the PA on 5M,up and down between 50&68 fib,but i think we will get a chance
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,397
  • Edited 10:01am Jul 7, 2011 9:42am | Edited 10:01am
there were many pairs made a good setup and gave good opportunities in the last couple of hours but i could only catch one of them because of my busy day here..Its just a matter of patience..
If you are more patient than the market itself then you can make money in this business..
no such thing you have to make same amount of pips or certain percent every month..
There is no such deal.Some months you double your account but some you get nothing..
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-07-07_1736.png Size: 40 KB
  • #1,398
  • Jul 7, 2011 9:46am Jul 7, 2011 9:46am
for the above entry here is the 4hr chart..
I was little late in 5min entry but it worked.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2011-07-07_1745.png Size: 61 KB
  • #1,399
  • Jul 7, 2011 9:50am Jul 7, 2011 9:50am
Great thread Nomask, Really appreciate that you shared your ideas with us
  • #1,400
  • Jul 7, 2011 9:54am Jul 7, 2011 9:54am
hello, pls introduce me how to post chart photo to my post in this forum?
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