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Trend Trading All Pairs

  • #10,881
  • Jun 5, 2012 8:05am Jun 5, 2012 8:05am
Here it is folks. BOJ dickheads (finance minister), ruining perfecty good trades. TALKING DOWN THE YEN.
http://www.forexlive.com/blog/2012/0...king-down-yen/
Let's see what happens when the US ISM Non-Manufacturing PMI
data comes out.

It'snot over yet BOJ (said in an evilguy type voice).

Trade Life !!
  • #10,882
  • Jun 5, 2012 10:20am Jun 5, 2012 10:20am
Quoting shomari
Fits into MY framework ???!!!
This thread is called: "Trend Trading all pairs", and specifically, using "Hector Style", (Swing trading), to trade the markets. Or HAVE YOU FORGOTTEN ?!!
Anyone who wants to know how I , and other successful traders trade, just go to the BEGINNING OF THIS THRAD, and Nightmovs explains the whole thing. Trend trading using 30, 50, 100 SMAs is EXACTLY what this thread is about. That's WHY it was created.
And for anyone who wants to learn how to make 1000's of pips, Get the HECTOR TRADER TRADING COURSE, and read THIS...
Quoting shomari
How's that for your alpha male?!!
!
you sure are the alpha here!!
  • #10,883
  • Jun 5, 2012 10:21am Jun 5, 2012 10:21am
Quoting shomari
17 TRADERS 7 MEMBERS VIEWING. How ya like them apples boys?!!! The pure stuff. The REAL goods. NO MORE MYSTERY. CUSTOS MAD ME SO ANGRY WITH ALL THIS BACKTEST CRAP I JUST HAD TO POST THE GOODS FOR YOU ALL.!
haha, good that my posts were of some use
  • #10,884
  • Jun 5, 2012 10:23am Jun 5, 2012 10:23am
Quoting shomari
Notice the charts below. Specifically c/j and a/j . We got, BP but no C. A FAKEOUT.. If you got in short already on these, you're taking a beating.
That's why we wait for, BP AND C !! (Breakout, Pullback, AND continuaion) before entering.

Lesson learned.
Now we search for a possible new entry to present itself.
AS STATED A FEW POSTS BEFORE.

Trade Life !!
cad/jpy and aud/jpy are banging against a support level on the daily.
  • #10,885
  • Edited 10:35am Jun 5, 2012 10:32am | Edited 10:35am
Quoting Custos
cad/jpy and aud/jpy are banging against a support level on the daily.
I know, from early January this year. Big head and shouders.

Oh well, it was good while it lasted.

I'm glad we can be amicable again.

Trade Life !!
  • #10,886
  • Edited 11:49am Jun 5, 2012 11:03am | Edited 11:49am
Quoting Custos
you sure are the alpha here!!
Hey bro. Here's a little somthing for you.
My name is Shomari. real name not a nick, it's african, and it means FORCEFUL.I guess my parents chose the right namefor me.

I don't want (or pretend) to be some "alpha male".
I may be a bit abrasive for you, but that's just the way I am. I get my point across, and I take no prisoners. But I also, can admit when I'm wrong, and am the first one to ask a question if I don't understand something. (Yes, I was the kid in the front of the class with my hand up.)

It's just that, in this thread, all the bullshit was gone. We know how to trade. This is how it's done. And I guess I'm just so sick and tired of talking with people peddlig some crap or don't know what tthey are talking about, speaking to me as if they do. So when I came back to the thread I expected it to be like before. Everyone on the same page. Not searching, we have it. We KNOW what we're doing. Not a theory,or a speculation, but a working blueprint, straight from the professional trading desks of the worlds biggest financial institutions. And HELP OTHERS TO DO THE SAME.
And, that's fine if someone does things another way, or their satisfied with their results, or whatever, they have their own threads for that. London open breakouts, scalping, etc, etc. But here, in this thread, we swing trade the markets, taking down big trades, and we speak a common language. Trends, retracements, and price projections, to name a few.
You remember how it was, you've been in this thread longer than I have, I think.
So that's all I'm getting at. There's no searching here, that part of the forex journey is complete for us, and just starting for others. But the method is tried and tested, and stands up to the highest of scrutiny. So the time for talk is over, now it's time to execute, to master the method. Time to put to practical use, the tools and methods, of successfuly trading the global forex markets. AND SHARE THE KOWLEDGE WITH OTHERS .
I've mastered this method over 5 years now. Many others have been at it longer than that. I 'm going to reach out to them and try to bring them back. Plenty of peope will roll through here. Some will stay, and some will drift on for whatever reason.
But here in this thread, let's keep the discussions to OUR thing (like a swing trading mafia, LOL!!). The way it's done, and leave all that other nonsense for the other threads. Let's MASTER OUR TECHNIQUE.
Honestly, learning this whole forex and swing trading is one of the greatest things to ever happen to me, after my marriage (married 4 years, I lost my "alpha male" status a looong time ago CUSTOS. LOL!!!), and I want newbies to learn it, because it wil change their lives, just like it is mine. I know that sounds corny or something, but that's really how I feel. I guess I'm kind of an activist in that way. (My sister created a stock trading simuation that was used in elementary schools in chicago, texas, and a bunch of other places. Maybe that's where I get the drive to help people learn this stuff).
So, I guess I'm rambling but let's not sow doubt in the minds of others. I plan to show, with proof, my trades before they trigger, to show everyone how easy this method is. AND HOW POWERFUL.
I have nothing to gain from this. I'm not selling anything. I just want to talk to people in the same "profession" I'm in, and build a thriving community, where we master our technique, and help others to do the same. And where we have people to talk to, who understand where we're coming from,.
So that being said, no hard feelings man.

AND AGAIN, EVERYONE, READ THIS THREAD FROM THE BEGINNING.

Trade Life !!
  • #10,887
  • Jun 5, 2012 11:54am Jun 5, 2012 11:54am
Quoting shomari
I notice you have the trend indicators and stuff. Do you have the Hector trendline alerter. If not I uploaded it with instructions. You can set it to you retracement trendlines by typing: Alert_0. Then when your GBP trades retrace you'll know, and you can get in on those other setups..

You asked about BPC before (breakout, pullback, continuation) Well here's a perfect, real-world (tradable), example.
Notice the c/j and a/j charts below. In those charts the retracement trendline is the black diagonal line. As you can see price followed thatr...
Thanks Shomari,

You just confirmed I'm approaching it the right way thanks, do you know the settings for the grid indicator? I'm having a 5 digit broker, and the grid is way too dense with the standard settings, I did play with the settings, but did not worked out so good ... and well you were right, should have placed trades while waiting for the pending orders on the the Daily to trigger
  • #10,888
  • Jun 5, 2012 12:12pm Jun 5, 2012 12:12pm
Just places a pending sell stop order on the GBPUSD, the first is the 4H setup, the second the 1H trigger...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h4 setup.gif Size: 23 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h1 trigger.gif Size: 25 KB
  • #10,889
  • Jun 5, 2012 12:14pm Jun 5, 2012 12:14pm
a re-post, with a better chart...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h1 trigger.gif Size: 25 KB
  • #10,890
  • Jun 5, 2012 12:16pm Jun 5, 2012 12:16pm
hy , i was thinking if we are in an downtrend and some good news appear for the currency we may go in consolidation? untill some bad news appear again to drop?
  • #10,891
  • Jun 5, 2012 12:41pm Jun 5, 2012 12:41pm
Quoting vladutz112
hy , i was thinking if we are in an downtrend and some good news appear for the currency we may go in consolidation? untill some bad news appear again to drop?
Sorry, I have no experience what news may do to a trend, maybe someone else could answer that for you....
  • #10,892
  • Jun 5, 2012 12:41pm Jun 5, 2012 12:41pm
Quoting mkb1272
Just places a pending sell stop order on the GBPUSD, the first is the 4H setup, the second the 1H trigger...

Attachment
just for the sake of it, look at your weekly chart. Gbp/usd is at a quadruple bottom. You think your trade has a high likelihood of working out when on such a long time-frame it is at a massive support?
I don't think so. Secondly, for pairs that are normally traded in the london and ny session it's generally bad to place stop orders over night, cause you will just get faked out. 9 out of 10 times there is no follow through.

Anyways, I am out of here. On to my backtesting

Shomari, take the lead!
  • #10,893
  • Jun 5, 2012 1:12pm Jun 5, 2012 1:12pm
Quoting mkb1272
Thanks Shomari,

You just confirmed I'm approaching it the right way thanks, do you know the settings for the grid indicator? I'm having a 5 digit broker, and the grid is way too dense with the standard settings, I did play with the settings, but did not worked out so good ... and well you were right, should have placed trades while waiting for the pending orders on the the Daily to trigger
respectfully, the answer to adjusting grid is in this thread....a quick search will suffice.
Quoting vladutz112
hy , i was thinking if we are in an downtrend and some good news appear for the currency we may go in consolidation? untill some bad news appear again to drop?
respectfully, the answer to this question too...is in this thread....you can find the answer literarily under 47seconds.

since custos and shomari.....seems to be working hand in hand..in educating people about trend trading....so far, so good anyways....i think i should give both of them a vouch.
" It may mean something. It may mean nothing at all "
  • #10,894
  • Jun 5, 2012 1:22pm Jun 5, 2012 1:22pm
Quoting Skynet
respectfully, the answer to adjusting grid is in this thread....a quick search will suffice.


respectfully, the answer to this question too...is in this thread....you can find the answer literarily under 47seconds.

since custos and shomari.....seems to be working hand in hand..in educating people about trend trading....so far, so good anyways....i think i should give both of them a vouch.
Found the settings, thank's
  • #10,895
  • Jun 5, 2012 1:59pm Jun 5, 2012 1:59pm
Quoting Skynet
respectfully, the answer to adjusting grid is in this thread....a quick search will suffice.


respectfully, the answer to this question too...is in this thread....you can find the answer literarily under 47seconds.

since custos and shomari.....seems to be working hand in hand..in educating people about trend trading....so far, so good anyways....i think i should give both of them a vouch.
i think i'm a fool u mean that u dont care about fundamentals? or...? help sir
  • #10,896
  • Jun 6, 2012 12:10am Jun 6, 2012 12:10am
Quoting mkb1272
Thanks Shomari,

You just confirmed I'm approaching it the right way thanks, do you know the settings for the grid indicator? I'm having a 5 digit broker, and the grid is way too dense with the standard settings, I did play with the settings, but did not worked out so good ... and well you were right, should have placed trades while waiting for the pending orders on the the Daily to trigger
Yeah I know. 5 digit brokers make the charts messy.
I'll tell you what I do. For my executions I use one broker FXCM. But for my charting I use a MIG Bank demo account, and an Easy Forex demo account. So, the charts that don't open correctly in MIG Bank, then I open them in the easy Forex account. That's why if you notice, when I post charts, those are the 2 demo accounts I use for charting only, but I then execute my trades through a whole different broker.
It's kind of annoying but, that's how I worked around that problem. Seperate charting accounts.
Also, I run the trendscanner on MIG Bank demo only. Why ? because they start their metatrader trading day at the start of Sydney session, like all the big institutions, so when you run the scan through them, the data is correct. If you run the scan through a broker that starts their metatrader platform days at some other time, you'll get the wrong results.
The forex markets are 24 hrs.but all the big institutions and banks start their forex "clocks" so to speak, at the beginning of Sydey session, that's the "industry standard".
  • #10,897
  • Jun 6, 2012 12:23am Jun 6, 2012 12:23am
Quoting shomari
Yeah I know. 5 digit brokers make the charts messy.
I'll tell you what I do. For my executions I use one broker FXCM. But for my charting I use a MIG Bank demo account, and an Easy Forex demo account. So, the charts that don't open correctly in MIG Bank, then I open them in the easy Forex account. That's why if you notice, when I post charts, those are the 2 demo accounts I use for charting only, but I then execute my trades through a whole different broker.
It's kind of annoying but, that's how I worked around that problem. Seperate...
and I always thought 0 GMT was the opening time for the pros.
  • #10,898
  • Jun 6, 2012 12:27am Jun 6, 2012 12:27am
Quoting mkb1272
a re-post, with a better chart...

Attachment
Yeah I'm waiting for the same thing, but at this point it seems to be rising. it's 1:21 am EST where I am, so it's still only Tokyo session. Hopefully they'll break at london session. Yeterday was UK bank holiday so liquidity was waaaaay low.

Honestly, this week is a bit scary. I'm seeing alot of retraces to the daily, and with all these G7 meetings, Bernanke testifying Thursday, and the ECB seemingly fumbling the ball, I think it'sgonna be wild. I still have the same old charts open, but I'm really only looking to get into g/u and g/j this week. Everything else I see retracing to the daily, which means they won't be ready til next week at the earliest.

Trade Life !!
  • #10,899
  • Jun 6, 2012 12:30am Jun 6, 2012 12:30am
Quoting vladutz112
hy , i was thinking if we are in an downtrend and some good news appear for the currency we may go in consolidation? untill some bad news appear again to drop?
I agree totally. But I think we'll get 1 more big push down from the D1 befor we start ranging. The price moves have been so big though, that I think, even if prices start ranging, they'll be abig enough range to make somegood pips. Who knows though, We can only wait and see.

Trade Life !!
  • #10,900
  • Jun 6, 2012 12:39am Jun 6, 2012 12:39am
Quoting vladutz112
hy , i was thinking if we are in an downtrend and some good news appear for the currency we may go in consolidation? untill some bad news appear again to drop?
I didn't know that was a question.
Ya, you have it exactly right.
Basically we're trending down, or rather, USD and JPY are rising, because of the elections that happened last month in Europe, with the election of Hollande (in France, Socialist), and a divided caretaker government in Greece (which sends them back to the polls again in a few months), not to mention the debt problems, of Greece, and now Spain (the 4th largest Euro economy) needing bank bailouts, and Angela Merkel (German Chancellor) not agreeing to bail them out, or create the Eurobonds.
So yes, that's where the fear comes in,so everyone is running to safe havens, USD and JPY. And yes, you are right. If good news comes out about Europe fixing their problems the markets will drastically change direction. Or really good US data (which isn't going to come).
But for now it's RISK OFF until Europe canget their act together.


Trade Life !!
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