Trend Trading All Pairs | Page 550 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading correlation pairs by using the other pairs 843 replies

28 Pairs Trading Panel (Multi-pairs) 0 replies

Export All pairs or selected pairs to .csv with script 3 replies

Daily Bar Analysis - All Pairs/All Welcome 15 replies

Trend Trading All Currency Pairs 3 replies

Attachments: Trend Trading All Pairs
Exit Attachments

Trend Trading All Pairs

  • #10,981
  • Jun 18, 2012 11:42am Jun 18, 2012 11:42am
Quoting shomari
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.
Hello Shomari, I've noticed this trade, but after my weekend watching the Hector video's again and again and again and the warning in the video for trading the first retracement....... well......, on the other side, it looks very good ... Well..what is your experience with those 'first time' retracement?. I keep an eye on this trade, looks very tempting to trade, like to see the price to move more into the DASR
Thank's for sharing this one ..
  • #10,982
  • Jun 18, 2012 12:41pm Jun 18, 2012 12:41pm
Quoting mkb1272
Hello Shomari, I've noticed this trade, but after my weekend watching the Hector video's again and again and again and the warning in the video for trading the first retracement....... well......, on the other side, it looks very good ... Well..what is your experience with those 'first time' retracement?. I keep an eye on this trade, looks very tempting to trade, like to see the price to move more into the DASR
Thank's for sharing this one ..
What do you mean by first retracement ? I took the original Hector course and he didn't speak about that.
  • #10,983
  • Jun 18, 2012 12:55pm Jun 18, 2012 12:55pm
Does anyone use Hector's Forex Currency Index in trading?

Attached Image (click to enlarge)
Click to Enlarge Name: fci.gif Size: 13 KB
  • #10,984
  • Jun 18, 2012 12:59pm Jun 18, 2012 12:59pm
Quoting shomari
What do you mean by first retracement ? I took the original Hector course and he didn't speak about that.
He mentioned it in one of his 3SMA video's can look it up for you, but he did not speak of it a lot , it is the first retracement in a new trend, he did not like to trade that one.
  • #10,985
  • Jun 18, 2012 1:16pm Jun 18, 2012 1:16pm
Quoting mkb1272
He mentioned it in one of his 3SMA video's can look it up for you, but he did not speak of it a lot , it is the first retracement in a new trend, he did not like to trade that one.
I think I get it. This is the first retrace to the D1.
Well, I look at it like this. It's been trending down for a month already in the shorter timeframes, and usually trends start at the smaller TFs the get larger and larger. m15, then bumps up to m30, then H1 etc. So I just trade the direction of the trend, no matter if it's the 1st or the 5th retracement. As long as it'sin the directio of the main trend, and the market sentiment is in line,I take the trade.
  • #10,986
  • Jun 18, 2012 1:22pm Jun 18, 2012 1:22pm
Quoting mkb1272
Does anyone use Hector's Forex Currency Index in trading?

Attachment
Not always, but extremely useful.
I like to use it when there's no clear strong or weak currency. For instance USD going up against everything, or AUD falling agaist everything, etc. When the market is like that, I like to fire it up, to pinpoint specific trades. There's usually a couple out there.
Excellent tool !!
But I like the old trendscanner, not to much a fan of the layout of the new one. (since we're speaking of Hector tools)
  • #10,987
  • Jun 18, 2012 1:22pm Jun 18, 2012 1:22pm
Quoting shomari
I think I get it. This is the first retrace to the D1.
Well, I look at it like this. It's been trending down for a month already in the shorter timeframes, and usually trends start at the smaller TFs the get larger and larger. m15, then bumps up to m30, then H1 etc. So I just trade the direction of the trend, no matter if it's the 1st or the 5th retracement. As long as it'sin the directio of the main trend, and the market sentiment is in line,I take the trade.
Ok, I also get it , will look for a entry tomorrow morning, thanks!
  • #10,988
  • Jun 19, 2012 7:11am Jun 19, 2012 7:11am
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..
i guess it is time for me to start actively participating on this thread.....i should not leave all the hard work to SHOMARI.
" It may mean something. It may mean nothing at all "
  • #10,989
  • Jun 19, 2012 7:15am Jun 19, 2012 7:15am
Quoting Skynet
i guess it is time for me to start actively participating on this thread.....i should not leave all the hard work to SHOMARI.

Hello Skynet, that would be great, I am not the most experienced trader here, but also will post my setups, if there are any mistakes, I only can learn from the others here .
  • #10,990
  • Jun 19, 2012 8:26am Jun 19, 2012 8:26am
Quoting Skynet
i guess it is time for me to start actively participating on this thread.....i should not leave all the hard work to SHOMARI.
How's it going ?
Good to see you back, I thought you left us all of a sudden. LOL.
Hey, do you have one of those heatmaps ? Those are cool.
  • #10,991
  • Jun 19, 2012 8:37am Jun 19, 2012 8:37am
These are the trades I'm in, so far, this week.
Setup chart is H4 (except for the e/a, I'll explain later.)
All trades triggered the night before, and now it's about taking out profits. I take out profits at FIB expansion lines (the red horizantal lines on the charts.)
Now about the e/a short trade. This trade is going to be a kind of experiment for me. It's trending down in the W1, so what I did is enter short, and I'm going to let it ride all the way (if it gets there) to at least the 0.0 FIB retracement level. If at takes 2-3 weeks, so be it. It's risky but I'm not going to close this trade over the weekend either. Just to see what happens. I'm risking less than 1% of my account on this little "experiment". Wish me luck.

Anyways.... here's the charts

Oh yeah one more thing I'll start taking the trades in the demo accounts, (mirror my live account) so everyone can see my entries and stop loss placement, when I post my charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: su1.gif Size: 77 KB
Click to Enlarge Name: trig1.gif Size: 73 KB
  • #10,992
  • Jun 19, 2012 9:05am Jun 19, 2012 9:05am
hey guys, check out this thread. When you're sitting there, bored, staring blankly at the screen, waiting to be triggered, go here, and laugh your asses off.

http://www.forexfactory.com/showthread.php?t=307052
  • #10,993
  • Jun 19, 2012 11:33am Jun 19, 2012 11:33am
This was my setup for this morning (3 hrs before London open), I placed a pending just below the red outside bar (on the setupchart), but the trade did not trigger, and price retraced deeper into the DASR.
Let the PO run, and see what price will do tomorrow.

Attached Image (click to enlarge)
Click to Enlarge Name: eurcad daily setup.gif Size: 21 KB
  • #10,994
  • Jun 19, 2012 1:16pm Jun 19, 2012 1:16pm
Quoting shomari
These are the trades I'm in, so far, this week.
Setup chart is H4 (except for the e/a, I'll explain later.)
All trades triggered the night before, and now it's about taking out profits. I take out profits at FIB expansion lines (the red horizantal lines on the charts.)
Now about the e/a short trade. This trade is going to be a kind of experiment for me. It's trending down in the W1, so what I did is enter short, and I'm going to let it ride all the way (if it gets there) to at least the 0.0 FIB retracement level. If at takes 2-3 weeks, so be...
I also looked at the EURAUD Weekly, too bad we missed the breakout of the retracement to the SMA's, we had to see this 4 weeks ago , but well, my account can't handle a too big retracement on the weekly, even with the smallest lotsize, so I skipped this one.
  • #10,995
  • Jun 19, 2012 1:50pm Jun 19, 2012 1:50pm
I also place a pending sell stop order on the EURJPY, the sma's are not really in line yet, so it's not a perfect setup.

D1 Setup

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy d1 setup.gif Size: 25 KB


H4 Trigger

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy h4 trigger.gif Size: 26 KB


Thank's for this one Shomari
  • #10,996
  • Jun 19, 2012 1:59pm Jun 19, 2012 1:59pm
Quoting mkb1272
I also place a pending sell stop order on the EURJPY, the sma's are not really in line yet, so it's not a perfect setup.

D1 Setup

Attachment

H4 Trigger

Attachment

Thank's for this one Shomari
Of course you can trade and should actually find your own system, but if you wanna start off with hector's system, then you didn't understand the bpc concept quite right. You need a breakout out of the trendline, a pullback and then a continuation. Neither of that happened. The breakout was a fake-out and thus there is no point in placing an order.
  • #10,997
  • Jun 19, 2012 2:23pm Jun 19, 2012 2:23pm
Quoting Custos
Of course you can trade and should actually find your own system, but if you wanna start off with hector's system, then you didn't understand the bpc concept quite right. You need a breakout out of the trendline, a pullback and then a continuation. Neither of that happened. The breakout was a fake-out and thus there is no point in placing an order.
Hello Custos

Thank you for your comments, and congratulations with the victory with the German soccer team ...maybe I'm more lucky here in The Netherlands, no soccer anymore
I do see price go above the TL, so there is no continuation, I understand. The 100 sma is also not aligned with the 50's and 30's, and it's the first retrace, I agree it is far from perfect.
I wanted to trade right of the setup chart with a pending order below the close of the green candle, just with a very small lot size.
  • #10,998
  • Jun 19, 2012 2:44pm Jun 19, 2012 2:44pm
Quoting mkb1272
Hello Custos

Thank you for your comments, and congratulations with the victory with the German soccer team ...maybe I'm more lucky here in The Netherlands, no soccer anymore
I do see price go above the TL, so there is no continuation, I understand. The 100 sma is also not aligned with the 50's and 30's, and it's the first retrace, I agree it is far from perfect.
I wanted to trade right of the setup chart with a pending order below the close of the green candle, just with a very small lot size.
If I were you I would be more methodical and less "I trade any setup that looks like it can make a profit". Write down the rules and only trade once every box is ticked. That way you will stay disciplined.
And don't forget to first research those rules, if they make any practical sense.
  • #10,999
  • Jun 19, 2012 3:41pm Jun 19, 2012 3:41pm
Quoting Custos
If I were you I would be more methodical and less "I trade any setup that looks like it can make a profit". Write down the rules and only trade once every box is ticked. That way you will stay disciplined.
And don't forget to first research those rules, if they make any practical sense.
Thank's Custos, I have indeed to be more methodical and less enthusiastic, have to develop more patients for the right setups. I only trade the H4 and D1 setup charts, when I look at my charts, there will be a lot of opportunities on the H4 in a couple of days.
  • #11,000
  • Jun 21, 2012 12:39am Jun 21, 2012 12:39am
My trades in NZD pairs. Is anybody in these trades
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nc.JPG Size: 152 KB
Click to Enlarge Name: nu.JPG Size: 143 KB
Click to Enlarge Name: nzchf.JPG Size: 153 KB
Click to Enlarge Name: nj.JPG Size: 144 KB
42 traders viewing now