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Trend Trading All Pairs

  • #10,961
  • Jun 14, 2012 6:42am Jun 14, 2012 6:42am
Quoting kevinpham
thanks mkb1272,

I am still on page 16 or so. Need to take a break and grasp what i have learned so far. I will download and use the template to see how it works.

Ok, don't forget to watch the free Hector video's
  • #10,962
  • Jun 14, 2012 8:26am Jun 14, 2012 8:26am
Quoting vladutz112
any trades this days? i haven't seen any post
Not really. I'm just kind of waiting for the markets to show a definate direction. All those pairs for instance I was trading last month have now retraced to the D1. But D1 trades take a while to get going (I once waited 3 weeks for a g/j trade). Don't get me wrong, they are worth the wait, they just take a whie to get going.
So.....this week I'm only "nibbling" at the market. I'm short g/n and e/n this week, that's it. Boooooooring.
I'lL post the setup and trigger charts for them below.
I'm using H4 for setups, and H1 for triggers.

How you doing ? Anything trading this week ?
Hey mkb1272 I heard your football team took a hit (not that you care).
ZEE GERMANZ !! LOL. (said in a crazy, fanatical, Hitler, German voice)

Oh yeah I've been cosidering a discussion we all had a while back, when Custos was talking about loading up the lot sizes on less volatile pairs like e/g.
Now, at the time I had dismissed this outright as a waste of time. But over the past few weeks I keep finding my mind drawn back to that conversation, and the more I think about that concept, is the more I can see that as a useful strategy during certain times in the market. Or even usin the concept in slower markets, say Sydney, or Tokyo. I'm not sold on it competely, but, any thoughts?
BTW thanks CUSTOS for that concept. It's really stimulated my mind , and is opening up my thoughts to trading opportunities I wouldn't have considered before. THANKS !!!

Anyways.. I know I always write these long posts guys, forgive, I just like to be clear about what I mean.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: su1.gif Size: 80 KB
Click to Enlarge Name: trig1.gif Size: 72 KB
  • #10,963
  • Edited 8:56am Jun 14, 2012 8:38am | Edited 8:56am
Quoting mkb1272
Ok, don't forget to watch the free Hector video's
Nice !! If I could, I would do one of those vouches for you.
  • #10,964
  • Jun 14, 2012 11:13am Jun 14, 2012 11:13am
Quoting shomari

How you doing ? Anything trading this week ?
Hey mkb1272 I heard your football team took a hit (not that you care).
ZEE GERMANZ !! LOL. (said in a crazy, fanatical, Hitler, German voice)
Well, I am glad the soccer for The Netherlands is almost over, there is a very slim change they will go to the quarter finals, but the have to win with great number from Portugal.
Congratulations to Custos, but he doesn't like soccer just like me , so I all forex traders don't like soccer?? That would be nice ...

I am doing some demo trades this week, I am short in the eur/aud (weekly setup chart), short in the gpbaud and the eurnzd, will post my charts later this evening.
  • #10,965
  • Jun 14, 2012 11:16am Jun 14, 2012 11:16am
Quoting shomari
Oh yeah I've been cosidering a discussion we all had a while back, when Custos was talking about loading up the lot sizes on less volatile pairs like e/g.
Now, at the time I had dismissed this outright as a waste of time. But over the past few weeks I keep finding my mind drawn back to that conversation, and the more I think about that concept, is the more I can see that as a useful strategy during certain times in the market. Or even usin the concept in slower markets, say Sydney, or Tokyo. I'm not sold on it competely, but, any thoughts?
BTW...

I am no expert in lot sizes, but I guess that the larger the pip distance between the SL and the opening-price, the smaller the lot size has to be for the same % risk in a trade, that's what I tried to tell KevinPham. I think the same can be done in different markets. I while ago I bought a EA that calculated the lot size depending on the opening price and the SL and the % risk in a trade.
Well, just like I said, I am just a beginner , don't know if this is what you ment
  • #10,966
  • Jun 14, 2012 12:06pm Jun 14, 2012 12:06pm
Quoting mkb1272
I am no expert in lot sizes, but I guess that the larger the pip distance between the SL and the opening-price, the smaller the lot size has to be for the same % risk in a trade, that's what I tried to tell KevinPham. I think the same can be done in different markets. I while ago I bought a EA that calculated the lot size depending on the opening price and the SL and the % risk in a trade.
Well, just like I said, I am just a beginner , don't know if this is what you ment
I'm beginning to see the value of this strategy.
Alot ofthe timeduring the day here EST I see the Sydey,and Tokyo markets, before I go to work, and I've noticed that they trend like London and New York sessions, but in the shorter timeframes. So, what I'm thinking is, it might not be a bad idea to employ this strategy in a less volatile market. So, now instead of just skipping that market action because it's not as many pips, I can jumpin and still get the same payout in a slow market as a faster market.
It's actualy so obvious, now that I think about it. That's why these forums are great though. Sometimes whenyou're looking forthe Ketchup in the fridge, it's sitting right in front of you the whole time.
D'oh (said in Homer Simpson voice) LOL!!
I'm excited about this strategy now.

CUSTOS again THANKS !!
  • #10,967
  • Jun 14, 2012 3:49pm Jun 14, 2012 3:49pm
Two charts of a demo trade I'm in right now, the first is the trigger H4 chart, the second the H1 setup.


H4 setup

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud h4 setupchart.gif Size: 29 KB


H1 trigger

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud h1 setup.gif Size: 28 KB


Target 1 (0.0 fib) is almost taken, so I will move the SL for T2 and T3 to BE+5..

The low of the last swing low, was not that much lower than previous swing low, is this a sign of the trend getting weaker?, and moving sideways for a while?
Like to hear some opinions ...
  • #10,968
  • Jun 14, 2012 6:05pm Jun 14, 2012 6:05pm
because of the massive HTF S/R level in front of it, i didnt take that trade, otherwise, i like it. it has my favourite: the confluence of TL and S/R on h4 in addition to the usual hector requirements. Notice the same pattern on GBP/NZD...of course, the HTF s/r inteference.

Quoting mkb1272
Two charts of a demo trade I'm in right now, the first is the trigger H4 chart, the second the H1 setup.


H4 setup

Attachment

H1 trigger

Attachment

Target 1 (0.0 fib) is almost taken, so I will move the SL for T2 and T3 to BE+5..

The low of the last swing low, was not that much lower than previous swing low, is this a sign of the trend getting weaker?, and moving sideways for a while?
Like to hear some opinions ...
" It may mean something. It may mean nothing at all "
  • #10,969
  • Jun 14, 2012 7:01pm Jun 14, 2012 7:01pm
Quoting mkb1272
Two charts of a demo trade I'm in right now, the first is the trigger H4 chart, the second the H1 setup.


H4 setup

Attachment

H1 trigger

Attachment

Target 1 (0.0 fib) is almost taken, so I will move the SL for T2 and T3 to BE+5..

The low of the last swing low, was not that much lower than previous swing low, is this a sign of the trend getting weaker?, and moving sideways for a while?
Like to hear some opinions ...
i see wat ur tryn to get but, u are supposed to be connecting the highs of the candle wicks to create a supply line(and vice versa for demand).. that cld cost u
Z
  • #10,970
  • Edited 11:10pm Jun 14, 2012 10:58pm | Edited 11:10pm
Quoting Skynet
because of the massive HTF S/R level in front of it, i didnt take that trade, otherwise, i like it. it has my favourite: the confluence of TL and S/R on h4 in addition to the usual hector requirements. Notice the same pattern on GBP/NZD...of course, the HTF s/r inteference.
Thank you Skynet, I did not checked the support, but I also see it now on the D TF. Have to be more accurate with that . T1 has been taken, so I adjusted the SL to BE+5 for the T2 and T3, so a risk free trade (well, demo trades are always risk free )
  • #10,971
  • Jun 14, 2012 11:05pm Jun 14, 2012 11:05pm
Quoting ngbans
i see wat ur tryn to get but, u are supposed to be connecting the highs of the candle wicks to create a supply line(and vice versa for demand).. that cld cost u
Did I made a mistake with my TL?? I connected the highs for the downtrend, and drawn the retracement TL to the sma's...don't see what I did wrong
  • #10,972
  • Jun 15, 2012 12:29am Jun 15, 2012 12:29am
Quoting ngbans
i see wat ur tryn to get but, u are supposed to be connecting the highs of the candle wicks to create a supply line(and vice versa for demand).. that cld cost u
Hello Ngbans, I checked my lined, but can't find anything wrong with it. You talk about suply and demand lines, is this jargon used in the stock exchange?
  • #10,973
  • Jun 15, 2012 10:39am Jun 15, 2012 10:39am
Quoting mkb1272
Hello Ngbans, I checked my lined, but can't find anything wrong with it. You talk about suply and demand lines, is this jargon used in the stock exchange?
There's no problem with your charts, they look perfect. The only thing I would say would be that I would say the retracement trendline should be over to the right a few more bars in the Setup chart. Other than that PERFECT.
Is that template you're using a Hector Trader template ? I noticed you have the SMAs and the trend indicators at the bottom of your charts, whereas mine are on the top.
  • #10,974
  • Jun 15, 2012 10:56am Jun 15, 2012 10:56am
Quoting shomari
There's no problem with your charts, they look perfect. The only thing I would say would be that I would say the retracement trendline should be over to the right a few more bars in the Setup chart. Other than that PERFECT.
Is that template you're using a Hector Trader template ? I noticed you have the SMAs and the trend indicators at the bottom of your charts, whereas mine are on the top.

Yes, these are the indicators and templates I downloaded from the Hector website. Next week, will be a live week again. I traded a few demo trades this week, all profitable (except one on a smaller TF).
  • #10,975
  • Jun 15, 2012 2:12pm Jun 15, 2012 2:12pm
Quoting mkb1272
Yes, these are the indicators and templates I downloaded from the Hector website. Next week, will be a live week again. I traded a few demo trades this week, all profitable (except one on a smaller TF).
Nice !!

What URL do you have for Hector now? I only have the old one and the learnforexlive.com. Is there another ?
  • #10,976
  • Jun 15, 2012 4:30pm Jun 15, 2012 4:30pm
Quoting shomari
Nice !!

What URL do you have for Hector now? I only have the old one and the learnforexlive.com. Is there another ?

Hey Shomari, this is the link I use for the Hector website:

http://www.learnforexlive.com/member...bers/index.php

Let me know if it is working or not, have to get some sleep now ...
  • #10,977
  • Edited 2:38am Jun 18, 2012 2:19am | Edited 2:38am
Yo guys, the Greek elections were good for Europe, but don't jump on the bandwagon, yet. France just elected Socialist lawmakers, which gives Hollande a strong hand , and he's anti-austerity, so he'll be battling Merkel of Germay.
Not to mention, G20 meetings this week. Anything these poiticians and administrators say can send the market wild (like an interet rate change), so stay away, until they finish.

Analysis

Stay out of the markets until G20 meetings finish, and the proposed remedy for the market turmoil is laid out in stark detail.

Personally, no trades for me tonight. I don't care how sweet the Setup looks. Not until after G20.

COT (Commintment of Traders) report shows no conclusive market moves for the week.
Bonds hovering in the "not so bad region" (Italy, Spain, andGreece, under 7% yields.
GBP, getting killed.
But WAIT til after G20 meetings.
Also Switzerland says they will do whatever it takes to keep their currency stable (meaning intervention). Take no CHF long positions, or you could wind up thrashed by a Swiss Bank intervention (happened to me last year, not fun).

Anyways, if anyone wants to add any pertinent market date, PLEASE DO !!
  • #10,978
  • Edited 2:40am Jun 18, 2012 2:27am | Edited 2:40am
Quoting mkb1272
Hey Shomari, this is the link I use for the Hector website:

http://www.learnforexlive.com/member...bers/index.php

Let me know if it is working or not, have to get some sleep now ...
Yeah, it's the same course but different tools. I upgraded the tools (trendscanner etc), but didn't buy the new course cause it's the same thing (price pattern breakouts, swing trades, neWs trading, LOB, etc) But that's the site newbies should go to, to get the updated course.

TO ANYONE WHO WANTS TO PROFIT AT TRADING FX, GO TO THE FOLLOWING :
GOTO : www.babypips.com (DO THE WHOLE COURSE !!)

THEN GO TO: ( AND BUY THAT COURSE, OR AT LEAST DOWNLOAD FREE INDICATORS)
http://www.learnforexlive.com/member...bers/index.php or this site

http://www.learnforexlive.com/index-...0013O&apflag=1&

THEN, COME BACK TO THIS THREAD AND READ IT FROM THE BEGINNING (WE ALL TRADE THE SAME SYSTEM, AND THERE'S A TON OF ANSWRS, AND KNOWLEDGE HERE!!)


THEN : PREPARE TO BANK PIPS.
  • #10,979
  • Jun 18, 2012 2:58am Jun 18, 2012 2:58am
Quoting shomari
Yo guys, the Greek elections were good for Europe, but don't jump on the bandwagon, yet. France just elected Socialist lawmakers, which gives Hollande a strong hand , and he's anti-austerity, so he'll be battling Merkel of Germay.
Not to mention, G20 meetings this week. Anything these poiticians and administrators say can send the market wild (like an interet rate change), so stay away, until they finish.

Analysis

Stay out of the markets until G20 meetings finish, and the proposed remedy for the market turmoil is laid out in stark...

Did not find any good setups this morning, I only watch the H4 and D1 for setups, so I wait after the G20..
  • #10,980
  • Edited 9:27am Jun 18, 2012 9:12am | Edited 9:27am
Quoting mkb1272
Did not find any good setups this morning, I only watch the H4 and D1 for setups, so I wait after the G20..
E/J looks like it's setting up NICELY in the D1 for you. I'm also gonna take that baby short.
Check out the charts. we're just piercing the retracemet trend line.
It's 400 pips just to the 0.0 FIB !!!
Might be worth keeping on the Watchlist for this week.


BTW,remeber last month when I was taking this pair short ? Well, those black trendlines on my D1 chart are the retracements this pair went through. So each black trendline represents a spot in the trend that I took a trade. So I've taken 4 trades from this trend so far.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: su1.gif Size: 49 KB
Click to Enlarge Name: trig1.gif Size: 50 KB
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