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Daily Trendline Trading

  • #181
  • Oct 11, 2011 12:48pm Oct 11, 2011 12:48pm
Quoting dddd
gbp/cad UPDATE? how did it go for you?
I played it safe and got out with around 200 pips. Got out at the yellow line due to the are shaded in gray on left side of screen shot.
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  • #182
  • Oct 11, 2011 12:53pm Oct 11, 2011 12:53pm
Currently long eur/chf and s/l locked in at +2. I would really like to see this close above the red line and then move up the upward channel.
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  • #183
  • Oct 11, 2011 1:00pm Oct 11, 2011 1:00pm
some setups for your method:
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  • #184
  • Oct 11, 2011 1:05pm Oct 11, 2011 1:05pm
Quoting bkg102665
I played it safe and got out with around 200 pips. Got out at the yellow line due to the are shaded in gray on left side of screen shot.
i see what you did. your entry also concides with the weekly line.

i look at the failed trade of aud.cad that szpower took, obviously he was running against the weekly.

anyways, gbp/cad may be setting up for another trade.



http://www.forexfactory.com/attachme...7&d=1318363202





Quoting bkg102665
Currently long eur/chf and s/l locked in at +2. I would really like to see this close above the red line and then move up the upward channel.
i am skittish with eur/chf. or any of the chfs..... best of luck.
fffff
  • #185
  • Oct 11, 2011 1:19pm Oct 11, 2011 1:19pm
i am skittish with eur/chf. or any of the chfs..... best of luck.
fffff[/quote]



I know what you mean about the chf. I do not mind shorting it but not wanting to play it to the long side for sure.
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  • #186
  • Oct 16, 2011 2:24pm Oct 16, 2011 2:24pm
I think I forgot to post it last week put anyway I made 280 pips week ending 10/7 and made 246 week ending 10/14. I have been extremely busy at work and not had much time to trade or manage the trades I did get in. Hopefully I will do a better job of posting and trading this week.
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  • #187
  • Oct 16, 2011 3:21pm Oct 16, 2011 3:21pm
I have pending orders set on three currencies. I am looking to short aud/usd, gbp/usd, and nzd/usd. Notice the trendlines and s/r lines.
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  • #188
  • Oct 17, 2011 4:26am Oct 17, 2011 4:26am
It looks like I may have missed the ride on all my trades. I will what and see show the day plays out.
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  • #189
  • Oct 17, 2011 8:38am Oct 17, 2011 8:38am
Quoting bkg102665
It looks like I may have missed the ride on all my trades. I will what and see show the day plays out.
how about cad/jpy daily? around 77.00
  • #190
  • Oct 17, 2011 8:44am Oct 17, 2011 8:44am
Quoting dddd
how about cad/jpy daily? around 77.00
This is what I had on cad/jpy but I did not play it because I was waiting on my other trades to hit which has not happened yet. 77.oo would have been an excellent entry.
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  • #191
  • Oct 17, 2011 8:46am Oct 17, 2011 8:46am
Quoting bkg102665
This is what I had on cad/jpy but I did not play it because I was waiting on my other trades to hit which has not happened yet. 77.oo would have been an excellent entry.
i see. because it has that nice intersection of s/r and trendlines in a nice channel.

notice something similar with EUR/JPY....weekly....daily.

i trade this pattern a lot on h4...where it occurs with more regularity. nice channel with TL conciding with S/R levels....preferably around fib/rn
  • #192
  • Oct 17, 2011 8:54am Oct 17, 2011 8:54am
Quoting dddd
i see. because it has that nice intersection of s/r and trendlines in a nice channel.

notice something similar with EUR/JPY....weekly....daily.

i trade this pattern a lot on h4...where it occurs with more regularity. nice channel with TL conciding with S/R levels....preferably around fib/rn
I see it on the weekly chart. I rarely ever look at weekly charts but good eye dddd. I would not have taken it based on my daily because it never went to my line. You clearly see on the weekly it was a great place to go short.
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  • #193
  • Oct 17, 2011 10:34pm Oct 17, 2011 10:34pm
i dont know how i feel about EUR/NZD....but...if you are comfortable with it, give it a go. It is now dealing with 1.7400
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  • #194
  • Oct 18, 2011 4:06am Oct 18, 2011 4:06am
Quoting dddd
i dont know how i feel about EUR/NZD....but...if you are comfortable with it, give it a go. It is now dealing with 1.7400
dropped by +65 pips since. S/R and trendline in the path at 1.7330 area bothers me, take heed.
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  • #195
  • Oct 18, 2011 5:32am Oct 18, 2011 5:32am
I saw that price was not going to pick up my pending orders so I cancelled them and jumped in three shorts last night.
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  • #196
  • Oct 18, 2011 5:37am Oct 18, 2011 5:37am
Quoting bkg102665
I saw that price was not going to pick up my pending orders so I cancelled them and jumped in three shorts last night.

best of luck, as always.

both the eur/jpy and cad/jpy are both down by what? +200 pips now....sweet. i wish i had that early entry
  • #197
  • Oct 19, 2011 1:48pm Oct 19, 2011 1:48pm
Quoting bkg102665
I saw that price was not going to pick up my pending orders so I cancelled them and jumped in three shorts last night.
Well yesterday I was up as many as 200 pips with these three trades combined and today I have been down as many as 370 and as we speak I am down 50. I still think we are headed short so I am still holding these shorts.
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  • #198
  • Oct 31, 2011 4:21am Oct 31, 2011 4:21am
CAD/JPY.....cad gdp NEWS coming at 8:30am EST. beware. It is a little bit in progress already. The gdp news will either move things to BE or adds fuel to the downward momentum.
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  • #199
  • Oct 31, 2011 1:32pm Oct 31, 2011 1:32pm
gbp/chf.
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  • #200
  • Nov 1, 2011 4:38am Nov 1, 2011 4:38am
Quoting dddd
CAD/JPY.....cad gdp NEWS coming at 8:30am EST. beware. It is a little bit in progress already. The gdp news will either move things to BE or adds fuel to the downward momentum.
price has dropped to 77.03 rom 78.03 when i last posted chart. +100pips.



Quoting dddd
gbp/chf.
back to back GBP/CHF news renders this trade null. the minute i saw the GBP handling the HPI news positively, i bailed. for a small loss -21 pips. GBP red labeled news attached. On top of the GBP NEWS...there was the CHF news...it makes this a useless trade to begin with.
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