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Trend Trading All Pairs

  • #10,561
  • Sep 20, 2011 7:29am Sep 20, 2011 7:29am
Quoting ericjschroed
I'm watching the H1 even though it's a new trend because the H4 and D1 are too far away from the MAs. Still learning, though.

it doesnt have to touch the sma. (sma job is to indicate how healthy the trend is. On gbp/jpy watch out for the monthly low118.83
  • #10,562
  • Sep 20, 2011 8:48am Sep 20, 2011 8:48am
good point. And the H1 may have moved too far, might have to look to H4 for setup.
  • #10,563
  • Sep 20, 2011 12:23pm Sep 20, 2011 12:23pm
Quoting dddd
ha! this thread is coming alive again. i will start posting soon....
Thanks DDDD and for your comments on my posts too.
Service to Man is service to God.
  • #10,564
  • Sep 22, 2011 6:50am Sep 22, 2011 6:50am
Quoting jeepill
With GBPJPY, I am not sure if the bounces of the Dynamic area of support and resistance (that is, the area between the 30 and 50SMA) is better on the daily chart or H4 time frame...Looks like smoother bounces of the daily?

Quoting ericjschroed
good point. And the H1 may have moved too far, might have to look to H4 for setup.

How was the GBP/JPY trade? looks like it worked out well.
  • #10,565
  • Sep 22, 2011 12:19pm Sep 22, 2011 12:19pm
On the one hand, I didn't actually take the trade because I'm adjusting to a new sleep schedule and I'm watching 2 systems at once, both very similar, and my alerts aren't always working. On the other hand, if I had taken the H4 trade on the H1, I probably would have been stopped out if I had taken 1/2 trade profit and moved SL to BE as shown in my first pic. However, the H1 started to develop a trade although the first one, in the second pic might be too soon because the trend is too new, but the second (in the 3rd pic) could have been taken and turned out very nice.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpyh4h1.JPG Size: 80 KB
Click to Enlarge Name: gbpjpyh1m15a.JPG Size: 82 KB
Click to Enlarge Name: gbpjpyh1m15b.JPG Size: 74 KB
  • #10,566
  • Sep 22, 2011 2:33pm Sep 22, 2011 2:33pm
Yip that pair moved well and the CAD ones did not...I enjoyed watching AUD/USD too...am still going thru the course material on exits and entries...Thus far its a great feeling to observe the course material come to fruition in the markets even though I still have a lot to learn.
Service to Man is service to God.
  • #10,567
  • Sep 23, 2011 1:04am Sep 23, 2011 1:04am
Looks like a lot of pairs have set up today already but triggered earlier than I expected. If I find this happens alot (haven't finished reading all the earlier posts), I may need to set some alerts, or just check back more often. Of the 6 trades that triggered earlier, 4 could have been moved to BE and 2 losses, so if you closed 1/2 like some suggest, so far would be a breakeven day with other trades triggering now and some others setting up. Of course London hasn't opened yet, and it is Friday too. Haven't checked yet whether the losing trades set up again.
  • #10,568
  • Sep 23, 2011 5:32am Sep 23, 2011 5:32am
so many pairs trending today
Service to Man is service to God.
  • #10,569
  • Sep 26, 2011 3:53am Sep 26, 2011 3:53am
I am watching Eurjpy 4H, GBPJPY 4h, GBPUSD 4h and EURCAD 1h with the Hector method.

What are you watching guys? Any successfull trades today?
  • #10,570
  • Sep 26, 2011 7:33am Sep 26, 2011 7:33am
On my watchlist today is EurJPY 4hr, GBPJPY 4hr, NZDJPY 1hr ...The EURCAD, GBPUSD, GBPCAD and NZDUSD are all prone to the US news release...
Service to Man is service to God.
  • #10,571
  • Sep 26, 2011 8:51am Sep 26, 2011 8:51am
... On the other hand, I would be very carefull with the JPY crosses. E.g. NZDJPY, have a look at the weekly chart. There are plenty of S/Rs at the current price level..
  • #10,572
  • Sep 26, 2011 10:40am Sep 26, 2011 10:40am
Yes you are right, I had the S/R levels marked on the weekly and monthly charts though...I find it difficult to navigate across the currency pairs and time frames once I downloaded Hector's template onto each chart - it just slows the MT4 down a lot...
Service to Man is service to God.
  • #10,573
  • Sep 26, 2011 3:30pm Sep 26, 2011 3:30pm
Have you had any success with the Hector strategy? I have known about Hector for 2-3 years but I started to really learn his trading method few days ago. It seems to really work but I havent got any experiences with it sofar.

What is your or anybody else's take on the profitability of the Hector style of trading?
  • #10,574
  • Sep 26, 2011 4:19pm Sep 26, 2011 4:19pm
I have read many opinions about the success of his 3sma on this thread. I decided to choose trades at random using the 3sma filter - demo'ed for 3 weeks (not paying any attention to news and S/R levels on the higher time frames or proper entries and exits) and I could see that the system works for me. Hence I decided to pursue a more in-depth study and am now trying to pay more attention to daily set-ups...
Service to Man is service to God.
  • #10,575
  • Sep 27, 2011 2:42am Sep 27, 2011 2:42am
Jeepill, thank you for sharing your experiences. Has anybody have bad experiences with this strategy? I have begun reading this thread but sofar I am on the page 49. It'll take some time till I finish it.

Today I am watching the JPY crosses, GBPUSD 4h and I went long on GBPCAD 1h at 1.5983. Just demo account. Let's see what will happen..

Has anybody tried Hector trading method on let's say stock indices, commodities or plain stocks? Does it work there?

Cheers,
mtrader123
  • #10,576
  • Sep 27, 2011 6:52am Sep 27, 2011 6:52am
Unfortunately, I got stopped out at GBPCAD. I admit, the setup was not very clean, I'll give Hector strategy another shot.
  • #10,577
  • Sep 27, 2011 11:25am Sep 27, 2011 11:25am
Quoting mtrader123
Jeepill, thank you for sharing your experiences. Has anybody have bad experiences with this strategy? I have begun reading this thread but sofar I am on the page 49. It'll take some time till I finish it.

Today I am watching the JPY crosses, GBPUSD 4h and I went long on GBPCAD 1h at 1.5983. Just demo account. Let's see what will happen..

Has anybody tried Hector trading method on let's say stock indices, commodities or plain stocks? Does it work there?

Cheers,
mtrader123


i thought the trade has already completed itself yesterday for gbp/cad. The retracement low was at 1.5915 right inbetween the 50 and the 61 with the S/R level at 1.5950 RN (check highlighted blue box on chart)
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Sep. 27 12.23.jpg Size: 146 KB
  • #10,578
  • Sep 27, 2011 12:21pm Sep 27, 2011 12:21pm
I am watching USDSGD 4-hour...
Service to Man is service to God.
  • #10,579
  • Sep 27, 2011 12:31pm Sep 27, 2011 12:31pm
Quoting jeepill
I am watching USDSGD 4-hour...

I DONT SEE it. care to show me?
  • #10,580
  • Sep 27, 2011 12:35pm Sep 27, 2011 12:35pm
Set-ups forming AUDUSD, CADJPY - 4hour ..
Service to Man is service to God.
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