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Trend Trading All Pairs

  • #10,761
  • May 23, 2012 10:13am May 23, 2012 10:13am
Quoting shomari
Nice!!! I don't know what pairs your in, but it sounds like you got it right. BPC then jump in. Congrats !! You are now SWING TRADING, like th big boys.
Hectors course is great, the BEST, I'd recommend it to my grand mother for crying out loud. But there is ONE little mistake in his course. Big institutions use FIBONNACI EXPANSIONS, for their profit targets. Not the measuring thing that Hector talks about.
So,draw fibonnaci expansions on your SETUP CHARTS. Those are your price targets. You'll notice price "pause" and go "sideways", at these...
hy, what u mean by BPC?....and i see that on trend scanner appears cdr next to adr what means that too?and sorry for the english
  • #10,762
  • May 23, 2012 1:51pm May 23, 2012 1:51pm
Quoting vladutz112
hy, what u mean by BPC?....and i see that on trend scanner appears cdr next to adr what means that too?and sorry for the english


BPC = Breakout Pullback Continuation
  • #10,763
  • May 23, 2012 2:07pm May 23, 2012 2:07pm
I had some demo trades running, with these results:


Closed Pairs Pips

USDCADBUYSTOP100
EURUSDSELLSTOP169
GBPUSDSELLSTOP95

Still running trades:

EURJPYSELLSTOP109
CHFJPYSELLSTOP91
AUDJPYSELLSTOP30
GBPAUDBUYSTOP51
CADJPYSELLSTOP89
EURNZDBUYSTOP-13


I placed pending orders with a TP target at the FE100 fib levels, good results so far.
  • #10,764
  • May 24, 2012 2:56am May 24, 2012 2:56am
Quoting mkb1272
I had some demo trades running, with these results:


Closed Pairs Pips

USDCAD BUYSTOP 100
EURUSD SELLSTOP 169
GBPUSD SELLSTOP 95

Still running trades:

EURJPY SELLSTOP 109
CHFJPY SELLSTOP 91
AUDJPY SELLSTOP 30
GBPAUD BUYSTOP 51
CADJPY SELLSTOP 89
EURNZD BUYSTOP -13


I placed pending orders with a TP target at the FE100 fib levels, good results so far.

Well, the EURNZD trade was not a good idea, there was no retracement to the SMAs so I made a mistake by taking this trade....luckily just a demotrade
  • #10,765
  • May 24, 2012 6:32am May 24, 2012 6:32am
Quoting vladutz112
hy, what u mean by BPC?....and i see that on trend scanner appears cdr next to adr what means that too?and sorry for the english
BPC-= Breakut, Pullback, Conntinuation.

As price retraces to the next timeframe up it creates a trendline. Once the trendline is broken, that's called the BREAKOUT. After the breakout, price reverses again to the trendline, that's called the PULLBACK. Then, when you see that happen, you place your entry order some pips below or above the breakout, (depending if you're going long or short), and wait for the CONTINUATION.
The continuation will blow through your entry order, (giving you instant profits), and continue in the direction of the main trend.
CDR and ADR mean "Current Daily Range" and "Average Daily Range". Don't bother looking at that. The scans I send in to this thread are not accurate when it comes to ADR and CDR. I scan through this broker because their "Start of Day" is 3pm EST, which is what the big banks use. But it's a 5 decimal point broker, so it messes up the trendscan, when it comes to ADR/CDR. My charts have the real ADR/CDR for the day, so, I just wait til I open a chart and look at them from there.

Trade Life !!
  • #10,766
  • May 24, 2012 6:36am May 24, 2012 6:36am
Quoting mkb1272
I had some demo trades running, with these results:


Closed Pairs Pips

USDCAD BUYSTOP 100
EURUSD SELLSTOP 169
GBPUSD SELLSTOP 95

Still running trades:

EURJPY SELLSTOP 109
CHFJPY SELLSTOP 91
AUDJPY SELLSTOP 30
GBPAUD BUYSTOP 51
CADJPY SELLSTOP 89
EURNZD BUYSTOP -13


I placed pending orders with a TP target at the FE100 fib levels, good results so far.
I like. How are the fib expansion levels workig for you ? Makes things alot easier (mechanical) right?
I'm in the AUD and CAD JPY trades myself. Acctualy I WAS i them, then I cashd out ad as of this posting I'm waiting to reenter.

Nice trades Bro !!

Trade Life !!
  • #10,767
  • May 24, 2012 6:40am May 24, 2012 6:40am
Quoting mkb1272
BPC = Breakout Pullback Continuation
You got it !! The signal of all signals.
When you see BPC = Party time !! ( Get ready to collect your money )
LOL!!!

Trade Life !!
  • #10,768
  • May 24, 2012 6:50am May 24, 2012 6:50am
Quoting shomari
I like. How are the fib expansion levels workig for you ? Makes things alot easier (mechanical) right?
I'm in the AUD and CAD JPY trades myself. Acctualy I WAS i them, then I cashd out ad as of this posting I'm waiting to reenter.

Nice trades Bro !!

Trade Life !!

Those levels work great!!.
In my demotrades I just took the fib exp 100 as a take profit target, but you just see price level out a bit on the 61.8 level, before going to the 100 fib ex level.
For me this is just perfect, I have a dayjob, so I just have to place the pending orders, the SL and the TP targets at those fib expansion levels, and can walk away... ... a lot more mechanical, just like you said.
Great!! Thanks my friend, with this system I don't have to demo for a long time, going live soon!.
  • #10,769
  • May 24, 2012 6:52am May 24, 2012 6:52am
Quoting mkb1272
I had some demo trades running, with these results:


Closed Pairs Pips

USDCAD BUYSTOP 100
EURUSD SELLSTOP 169
GBPUSD SELLSTOP 95

Still running trades:

EURJPY SELLSTOP 109
CHFJPY SELLSTOP 91
AUDJPY SELLSTOP 30
GBPAUD BUYSTOP 51
CADJPY SELLSTOP 89
EURNZD BUYSTOP -13


I placed pending orders with a TP target at the FE100 fib levels, good results so far.
Word of advice man. Don't give up on the EUR/USD or GBP/USD yet !! They've stil got alot of pips to give out this week.
Zoom into the H1 and notice the price retraces to that level. Treat these as H1 trends, and jump in using the M15 as your trigger.
Trade the trend within the trend. That is master trading. Your overall trend is still the H4, but sometimes you cash out and jump back in. That's how you jump back in. Use a smaller trend as your entry point back into the main trend, then continue using your H1 timeframes as your trigger again, once you've reentered.

Trade Life !!
  • #10,770
  • May 24, 2012 7:03am May 24, 2012 7:03am
OK Here's an example of using a smaler timeframe trend, to jump back into the main trend. (Actually, this is what I am doing myself in my live account right now)
The H1 charts are my SETUP charts, and the M15s, are the TRIGGER charts. I'm still trading these pairs as trendng down in the H4, but I'm just using the smaller timeframe trends to "safely" jump back in to the longer H4 trend.
Once I enter I'll watch my trade from the H1 charts again.

trade Life !!
Attached Image(s) (click to enlarge)
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  • #10,771
  • May 24, 2012 7:07am May 24, 2012 7:07am
Quoting shomari
Word of advice man. Don't give up on the EUR/USD or GBP/USD yet !! They've stil got alot of pips to give out this week.
Zoom into the H1 and notice the price retraces to that level. Treat these as H1 trends, and jump in using the M15 as your trigger.
Trade the trend within the trend. That is master trading. Your overall trend is still the H4, but sometimes you cash out and jump back in. That's how you jump back in. Use a smaller trend as your entry point back into the main trend, then continue using your H1 timeframes as your trigger again, once...
Thanks, will look at the charts this evenening (14:00 overe here), so the H4 retracement is treated as the 'main' trend in the H1 TF?,with the M15 as the trigger chart? Have to see the charts on Metatrader before I can say something usefull , will absolutely give it a try. Sounds good!!
  • #10,772
  • May 24, 2012 7:08am May 24, 2012 7:08am
Quoting shomari
OK Here's an example of using a smaler timeframe trend, to jump back into the main trend. (Actually, this is what I am doing myself in my live account right now)
The H1 charts are my SETUP charts, and the M15s, are the TRIGGER charts. I'm still trading these pairs as trendng down in the H4, but I'm just using the smaller timeframe trends to "safely" jump back in to the longer H4 trend.
Once I enter I'll watch my trade from the H1 charts again.

trade Life !!

Too late again with my reaction ... thanks...
  • #10,773
  • May 24, 2012 7:16am May 24, 2012 7:16am
Quoting mkb1272
Those levels work great!!.
In my demotrades I just took the fib exp 100 as a take profit target, but you just see price level out a bit on the 61.8 level, before going to the 100 fib ex level.
For me this is just perfect, I have a dayjob, so I just have to place the pending orders, the SL and the TP targets at those fib expansion levels, and can walk away... ... a lot more mechanical, just like you said.
Great!! Thanks my friend, with this system I don't have to demo for a long time, going live soon!.
Ya man great....I'm glad I could help. Honestly, that ONE LITTLE TOOL is what changed my whole trading career. Once I leared about that, life became so much easier. It's almost boring now. You don't have to gues, or think "Where should I take my money?". It's right there.
Now, mind you, price doesn't always make it, down to the levels you hope, so you still have to be vigalent. But as to an estimate of how many pips you can expect from a trade, and when to start cashing out, FIB EXPs are INVALUABLE.
Enjoy.

Trade Life !!
  • #10,774
  • May 24, 2012 7:23am May 24, 2012 7:23am
Quoting shomari
Ya man great....I'm glad I could help. Honestly, that ONE LITTLE TOOL is what changed my whole trading career. Once I leared about that, life became so much easier. It's almost boring now. You don't have to gues, or think "Where should I take my money?". It's right there.
Now, mind you, price doesn't always make it, down to the levels you hope, so you still have to be vigalent. But as to an estimate of how many pips you can expect from a trade, and when to start cashing out, FIB EXPs are INVALUABLE.
Enjoy.

Trade Life !!

When I go live, I will just like you take in one trade, 2 or 3 TP targets at those extended fib levels. I did some forex courses, and what I've learned is that's a good thing when trading becomes boring, you make money, that's why we are here ...
  • #10,775
  • May 24, 2012 7:28am May 24, 2012 7:28am
Quoting mkb1272
Too late again with my reaction ... thanks...
Look at your charts now.
EUR/USD enter [email protected]
GBP/JPY enter [email protected]
EUR/JPY enter [email protected]


Then wait....USD #'s out this morning, if good cancel entry. If bad news, these will sink like stones, then just cash out at the next FIB EXP level. let's see how it goes.

Trade Life !!
  • #10,776
  • May 24, 2012 7:36am May 24, 2012 7:36am
Quoting shomari
Look at your charts now.
EUR/USD enter [email protected]
GBP/JPY enter [email protected]
EUR/JPY enter [email protected]


Then wait....USD #'s out this morning, if good cancel entry. If bad news, these will sink like stones, then just cash out at the next FIB EXP level. let's see how it goes.

Trade Life !!

Thank's, will look at these setups!, too bad to have still a day job, have to be behind metatrader
  • #10,777
  • May 24, 2012 7:44am May 24, 2012 7:44am
Quoting mkb1272
Thank's, will look at these setups!, too bad to have still a day job, have to be behind metatrader
Yeah 9-5 huh ?
I'm a night club promoter in South Beach, as my "real" job, so it works perfectly for me. I feed ladies drinks at the clubs all night til about 3am, come home and start trading. They're the perfect compliment.
I coldn't imagine what it must be like to do this with a 9-5.
Seems like you're definately on the right track with trading so I suspect you'll put that 9-5 to bed before too long.
Now I'm a philosopher LOL!!......

Trade Life !!
  • #10,778
  • May 24, 2012 7:52am May 24, 2012 7:52am
Quoting shomari
Yeah 9-5 huh ?
I'm a night club promoter in South Beach, as my "real" job, so it works perfectly for me. I feed ladies drinks at the clubs all night til about 3am, come home and start trading. They're the perfect compliment.
I coldn't imagine what it must be like to do this with a 9-5.
Seems like you're definately on the right track with trading so I suspect you'll put that 9-5 to bed before too long.
Now I'm a philosopher LOL!!......

Trade Life !!

That does't sound bad, you combined two great jobs , I am a topographical surveyor, also a nice job, but well there must be a much more clever way to make money..so this is it!
Will share some setups on FF, don't know how active this thread, there are not many people posting, like to contribute to this thread.
  • #10,779
  • May 24, 2012 8:34am May 24, 2012 8:34am
Quoting mkb1272
That does't sound bad, you combined two great jobs , I am a topographical surveyor, also a nice job, but well there must be a much more clever way to make money..so this is it!
Will share some setups on FF, don't know how active this thread, there are not many people posting, like to contribute to this thread.
Yeah. This thread used to be really quite active, with alot of people trading "Hector Trading" style, Swing Trading really, but It seems they've all gone on to better things.
Oh well,, I plan to be here for the duration, and I hope maybe you, and others , and we can get this thread active again, with profittable ideas and trades being shared amongst a healthy group of us.
Even though it's not that active, I would still recommend ANYONE, to buy the Hector Trader trading course, read this thread, actively participate, and make some REAL money. Not just talk about it, DOING IT !!



trade life !!
  • #10,780
  • May 24, 2012 8:54am May 24, 2012 8:54am
Hi shomari, I have a quastion about fibo how you draw the fibos. I mean if you look at chart we can draw a fibo from 1.32830 till 1.25110 on 4 hour timeframe. are you looking in 1 hour time frame to draw fibo line .
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