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Trend Trading All Pairs

  • #10,681
  • Feb 1, 2012 7:53pm Feb 1, 2012 7:53pm
Quoting K.c.
Recently purchased the material a couple months ago and have been going over it rather slow and intentional trying to absorb it. Never new this thread existed until a few days ago. Looking forward to learning and getting feedback on my trades once I start posting them.
It takes time to get used to reading the charts and knowing when the best time is to jump in, I have been trading the longer time frames recently because of the amount of time I have to trade the smaller time frames but the method I use is the same.

I have traded this methoed for a few years now and it still is treating me well.

--NM
  • #10,682
  • Feb 5, 2012 7:04pm Feb 5, 2012 7:04pm
Quoting K.c.
Recently purchased the material a couple months ago and have been going over it rather slow and intentional trying to absorb it. Never new this thread existed until a few days ago. Looking forward to learning and getting feedback on my trades once I start posting them.
I have been lurking for a while on FF but I'm not much of a poster. I am considering taking Hector's course. After taking the multiple indicator direction for some time, I have come to realize that price action trading is the way to go. I am really appreciating this thread! Does Hectors course still offer the "Trend Scanner" indicator as part of the course offering?

Thanks
  • #10,683
  • Feb 5, 2012 9:46pm Feb 5, 2012 9:46pm
Quoting lomax
I have been lurking for a while on FF but I'm not much of a poster. I am considering taking Hector's course. After taking the multiple indicator direction for some time, I have come to realize that price action trading is the way to go. I am really appreciating this thread! Does Hectors course still offer the "Trend Scanner" indicator as part of the course offering?

Thanks

Yes he does. The best money I've spent on education so far.
Attached Image (click to enlarge)
Click to Enlarge Name: 2-5-2012 10-43-32 PM.png Size: 6 KB
  • #10,684
  • Feb 8, 2012 12:14pm Feb 8, 2012 12:14pm
Here's my lastest that ended in a loss of 40 pips.

Wondering if my stop may have been too tight but I placed it above the swing of the pullback as per Hector's rules.

One to learn from tho.
Attached Image (click to enlarge)
Click to Enlarge Name: UsdCad 1310 2-8-12.jpg Size: 63 KB
  • #10,685
  • Feb 8, 2012 12:34pm Feb 8, 2012 12:34pm
Here's one I'm still in, waiting for the 3rd and 4th targets to be hit, stops are now sitting at target 1 level.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AudCad H1 Trigger 2-8-2012 1-28-19 PM.png Size: 46 KB
Click to Enlarge Name: AudCad H4 Setup 2-8-2012 1-26-59 PM.png Size: 40 KB
  • #10,686
  • Mar 21, 2012 2:38am Mar 21, 2012 2:38am
http://i42.tinypic.com/35k4cud.png

Whoever loves to trade in Gold and other pairs using trend patterns and channels, I would like to combine some few indicators and give my outlook. Currently I have attached an hourly chart on Gold.

On a time frame between 9th March and 21st March, Gold has been creating lower highs which shows a downtrend channel and stays below the Moving average of 100 and 200. Still Gold has been below the downtrend resistance level indicated by a red line like a triangle. Similarly on a short time frame between 14th March and 21st March, Gold has been moving in a consolidated range between 1635 to 1670 approximately finding a clear direction for breakout. As you can see in the chart between 14th March and 21st March, it is moving in a slight uptrend creating higher lows.


Gold resistance and support levels
R1 / 1660.00R2 / 1670.00R3 / 1682.00
S1 / 1641.00S2 / 1634.00S3 / 1625.00
  • #10,687
  • Mar 21, 2012 4:05am Mar 21, 2012 4:05am
http://i39.tinypic.com/15wf4f4.png

Attached is the GBPUSD daily chart which is trying to create a Head and Shoulder pattern. Currently the Sterling is forming the end of the Shoulder if it is able to bounce from the resistance level.
  • #10,688
  • Mar 23, 2012 4:24am Mar 23, 2012 4:24am
http://i44.tinypic.com/2lb6sz.png

Euro trend broken determining further price action with a support and resistance level. Buying from the support with a stop loss as the trend is confirmed.
  • #10,689
  • Mar 26, 2012 2:42am Mar 26, 2012 2:42am
http://i41.tinypic.com/67p7io.png

Attached is the daily chart of EURUSD. Note that this is very important for medium to long term traders as it is a longer frame chart. Above shows a clear flat head & shoulder pattern on EURUSD which acts as a strong resistance and support level rebounding from the resistance level 1 currently.

EURUSD resistance and support levels:

R1 / 1.3290 R2 / 1.3333 R3 / 1.3485
S1 / 1.3180 S2 / 1.3131 S3 / 1.3000
  • #10,690
  • Mar 28, 2012 3:21am Mar 28, 2012 3:21am
http://i44.tinypic.com/21d3fut.png

Attached is the 4 Hour chart on EURUSD showing an uptrend channel from 12th of March to 28th March indicating various support and resistance levels. The EURUSD have been flowing in an uptrend channel bouncing from the trendlines.

EURUSD resistance and support levels:

R1 / 1.3385 R2 / 1.3485 R3 / 1.3565
S1 / 1.3290 S2 / 1.3180 S3 / 1.3131
  • #10,691
  • Mar 31, 2012 1:21pm Mar 31, 2012 1:21pm
NightMoves,

I am going to start reading this thread now and next week I want to start doing some demo trades

do you have any idea why when I load the grid on higher timeframes it dosent work? I have attach a screenshot


thank you
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  • #10,692
  • Apr 3, 2012 6:17am Apr 3, 2012 6:17am
Quoting migmac
NightMoves,

I am going to start reading this thread now and next week I want to start doing some demo trades

do you have any idea why when I load the grid on higher timeframes it dosent work? I have attach a screenshot


thank you
your broker has an extra decimal point.you have to find broker with proper decimal point placements. You might even hav touse multiplecahartig platforms in ordr tohave al your pairs charts to look proper.
  • #10,693
  • Apr 3, 2012 10:00am Apr 3, 2012 10:00am
http://i41.tinypic.com/15hmwsy.png

Attached is the hourly chart of Gold (XAUUSD). The movement of Gold has been consolidating and the range has been narrowing to form a triangle. Breaking up the triangle resistance can indicate a further movement or breaking down the triangle support can indicate a further movement down.
  • #10,694
  • Apr 5, 2012 2:44am Apr 5, 2012 2:44am
http://i42.tinypic.com/11qpbib.png

Attached is the 1 hour chart on Gold showing the trend continuation after breaking the previous triangle and downtrend channel. After breaking the triangle on 3rd April, Gold fell from 1666 to 1634$ an ounce indicating a position to take sell from the higher level in order to make approx 30$ profit.

Gold fell nearly to 1633-1634$ testing the downtrend channel which was broken yesterday which gave an opportunity to fall further after the breakout from the downtrend support line to the low of 1612$.
  • #10,695
  • Apr 5, 2012 10:23am Apr 5, 2012 10:23am
Quoting shomari
your broker has an extra decimal point.you have to find broker with proper decimal point placements. You might even hav touse multiplecahartig platforms in ordr tohave al your pairs charts to look proper.
Thank you for your help
  • #10,696
  • Apr 5, 2012 10:26am Apr 5, 2012 10:26am
Quoting K.c.
Here's one I'm still in, waiting for the 3rd and 4th targets to be hit, stops are now sitting at target 1 level.
Hi k.c.

are you using the trendlines alert? when you draw your trendlines do you usually set the indicator alert to alert you?
  • #10,697
  • Apr 7, 2012 9:13am Apr 7, 2012 9:13am
Quoting K.c.
Here's my lastest that ended in a loss of 40 pips.

Wondering if my stop may have been too tight but I placed it above the swing of the pullback as per Hector's rules.

One to learn from tho.
k.c.

this trade is against Hector rules, according to his rules the trend was finish when the 100sma was touch

is this tread still alive? can we discuss this strategy here? I am very interested in discussing this method
  • #10,698
  • Apr 10, 2012 5:47am Apr 10, 2012 5:47am
http://i42.tinypic.com/v7yslz.png

I have inserted both 4hr Chart and 1hr Chart on Gold to compare the trends between them.

4HR Chart on Gold shows a Downtrend channel pattern with a strong confirmation for buying and selling signals holding for good number of pips.- If anyone is looking to trade in Gold for a longer time frame wait for it bounce or break the trendline. If Gold bounces from the trendline then you can target the median of the channel and have stop loss beyond the trendline. If Gold breaks the trendline then you can find a new support or resistance level to determine the profit target and stoploss

1HR chart shows as an uptrend indicating market creating lower highs in a uptrend channel pattern format.- I have attached shorter time frame moving average for more confirmation of the trend. So the combination of uptrend channel and Moving Average can help in determining the trend.
  • #10,699
  • Apr 22, 2012 7:45pm Apr 22, 2012 7:45pm
What timeframe do you consider the most influential in terms of "trend"?
  • #10,700
  • Apr 26, 2012 6:14am Apr 26, 2012 6:14am
Quoting K.c.
Yes he does. The best money I've spent on education so far.
m unable to understanstand what green and red represent in the pic?
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