Trend Trading All Pairs

Not personally,but been watching over the past few weeks. NZD gdp #'s were great today, should see it strengthen across the board.

added a buy to audjpy

Any nice looking H4 or D1 setup charts?

obviously eur/usd is going down.

I set this AUDCAD trade up late last night and it triggered this morning, I had a few losing trades last week so I decided to go back to basics. My set-up chart is the 1H and my trigger chart is the 30mins (not 15mins) as I could see the price action clearly on this chart. I set my entry not at the bottom of the breakout (A), but instead after price had taken out Fridays low (green line) which seems at the moment to be acting as resistance. (so far!). I mix Hector stlye with Micardo's (see "Trend Following - A complete guide" in FF forums), in that I like to ride the trend as long as possible and when there is another retracement, breakout, pullback & contintuation I will enter a new position and move my previous stop up to the new entry's stop to lock in some profit. I've only been trading 18mths-ish so I am relatively new, but finally making some headway. I plan to post some more of my trades in the future as there is some great interaction here to help us all learn. Peace.

Persistence overcomes resistance!

There might be a good trading setup when there is a breakout pullback continuation pattern on the the bottom of the triangle.....

where do you see a triangle again?

...BPC on the support... .. a very quick reply Custos

okay, then I state it a bit more obvious. Where do you see that triangle? I can't see a triangle there. Only with a lot of phantasy.

Well, I guess I have a lot of imagination, maybe too much, but I did mean the 'triangle' formed with the support line and the trend line, it is a major 'triangle' I know... ..

well, you think other technical traders will see that triangle? Cause the less traders see the same thing, the less follow through there will be.

You didn't see it, so I think I am a bit lonely with this one.

this is a triangle. You see the difference between the one I marked up and yours?

Yes I see.. , no argument here ..thank you for the feedback.

you always gotta remember to take only the best setups. The more selective you are, the better for your account. Most often it's about account protection by not getting into substandard setups.

However, if you have researched your kind of pattern well enough and see that it is profitable over time, then please trade it.

Thank you Custos, I really appreciate your help, that's why I like this forum, it always good to get a different view on a possible setup, to see what I didn't see before.

Here are my charts from last weeks trades. Not a good week, slightly down.
Stopped out of g/a, e/a, and e/n. Slight gain on g/n.

This week is looking real good though. JPY crosses ar tanking, and now Cyprus needs a bailout, so it's a flight to safety week. Comm dolls and EUR short. I'll post my setup and trigger charts for this week later.
Anyways, here are last weeks pathetic trades.

Eur is tanking. Cyprus just requested a bailout, and NZD had GREAT numbers last week, th only reason it's weakening is because of the HUGE drop in US manufacturing that came out. I'm looking at e/u, e/j, g/j, n/j,a/j, and c/j. ALL SHORT. It's RISK OFF this week. Bigtime!! USD and JPY strengthening across the board. Those are your money makers for this week.
BTW, I see the triangle you're talking about. Price will continue to bounce around inside until finally it breaks out. Valid trade in my opinion.
If you watch Hectors trades on youtube I've seen him draw WAY crazier triangles than the one you have. Look at the very first video that pops up when you go to his youtube page. Now THAT's a crazy triangle!!!
If you have had doubt sown in your mind now about the trade, no problem. Just watch it and see what happens over the next while. If the trade would have went in your favor (which I think it would), great. Now the next time you see that pattern you'll be confident in your skills of analysis and take the trade, because you have proof of it working. If that made any sense. Keep an eye on it.
EVRYONE YOU CAN WATCH HECTOR TRADER LIVE TRADE VIDEOS AT THE FOLLOWINNG LINK :

http://
www.youtube.com/profile?user=Yaguex

Hello Shomari, I am already in a e/u trade, there is no room for a second trade, I surely will watch that eur/nzd d1 trade , when there is a breakout I will trade it in my demo account.

Here are my Setup and Trigger charts for the week.
I placed orders so everyone can see where I enter and place my stops, but since London hasn't opened yet, those entries could be moved up a little depending on how price moves at the beginning of London.

WHY THESE TRADES ?

I'm taking these particular trades this week because I believe that we have just crossed the threshhold into a RISK OFF sentiment in the markets again. (I will be watching US and Euro bond prices closely this morning, to guage the level of fear in the markets. And CDS data IN REAL TIME).

Why do I believe a RISK OFF ENVIROMENT?

Let's start with Europe. We all know the chaos that's been happening there, especially over the last month and a half with Spain, Italy, Greece, all in major finacial trouble. This weekend Cyprus has announced, they too, will be needing a bailout, adding significantly to the already disasterous situation gripping the Continent.
Now, their problems are easily solved, but Angela merkel refuses to do what needs to be done, namely, joining together and issuing a EUROBOND, which would help troubled countries reduce their bond yield rates and be able to borrow money at a sustainable level, thus enabling them to balance budgets, and bail out their strained financial institutions So, until she caves in, Europe is in for a world of hurt.
Now, why am I shorting CommDolls (AUD, CAD, NZD) ?
The reason I'm shorting them is because recent credible reports have come out about Chinnese officials falsifying numbers to make their economy look better than it really is.
You see, China is going to transition power this year to a new leader. Whenever that happens, officials that are doing well, get promoted, those who's districts are not growing, get demoted. Since this is a transitional year, officials are fudging their numbers to make themselves look good so they will be promoted up the rannnks of the CCP. How do we know this ? Chinese energy cosumption, mainly their coal stockpiles. China's economy is run on coal energy, so ecoomists look at coal consumption and electricity consumption as a MAJOR indicator of Chinese economic strength. Well, energy consumption is at the lowest levels since the 2008 financial crisis. They've got RECORD levels of coal sittinng in surplus because the power plants don't need it, because there's less demand for electricity to power all the fatories that make all those "made in China" goods we've all become so familiar with.. Even the Chinese officials can't hide an extra 200 tons of coal!!

Finally, last weeks US manufacturing numbers were HORRIBLE!!

If China's manufacturing is slowing down, along with the US, guess what, that's less raw materials like copper, and iron, and steel that are needed. AUD, CAD, and NZD are based on those products, so less demand for their commodities, equals a weaker currency.

So that's the full (longwinded) breakdown of my analysis for these trades. Hope you learned something.
THERE'S MORE TO THIS THAN JUST LOOKING AT CHARTS. YOU HAVE TO LOOK AT THE WHOLE WORLD AROUND YOU...THEN TRADE LIFE !!

CHARTS BELOW.