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Trend Trading All Pairs

  • #11,121
  • Jul 4, 2012 7:05am Jul 4, 2012 7:05am
Right now for swing trading
Buy Stop:0.9550
S/L:0.9530
T/P1:0.9561
T/P2:0.9578
T/P3:0.9588
Sell Stop:0.9563
S/L:0.9583
T/P1:0.9550
T/P2:0.9538
T/P2:0.9525
And the trend is mostly up but be careful for 0.9561 which during these weeks is very strong Resistance and Support
Kami
Don’t follow someone else’s trading advice blindly
  • #11,122
  • Jul 4, 2012 7:22am Jul 4, 2012 7:22am
That's a trend for this signals
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Don’t follow someone else’s trading advice blindly
  • #11,123
  • Jul 4, 2012 11:02am Jul 4, 2012 11:02am
Right now, as I said before this pair is trying to get 0.96230, though must swing between 0.9540 till 0.9585 to find momentum to get 0.96230
The best and strong level for opening Buy position is 0.9540 and if you miss this level the second level is 0.9555, but above this level is not very safe unless with very low Lot according to your balance ( for some traders 0.01 is ok and for others is 3.0 ) so it’s up to you to consider your lot
Another scenario is to break 0.95000 to down side that I share my idea about this trend later.
Kami
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Don’t follow someone else’s trading advice blindly
  • #11,124
  • Jul 4, 2012 12:39pm Jul 4, 2012 12:39pm
Well here's where my trades for the week are. I caled off the a/j and c/j.They were trtiggered 2days ago and have gone NOWHERE, so I just manually exited with a loss of like 3p or something. Whatever.
Still in the a/e a/g, and n/e and g/e I spokeof earlier in the week. Also in u/c (jumped into that one cause the new Iran EU sanctions came online so oil is up a bit. REMEMBER u/c tracks oil prices.)
So...we have BIG NEWS over the next 2 days,so persoally I am going to cash out these trades, let the news blow over and take it from there. 2 interest rate numbers, and ADP #'s from US tomorrow. WOW !!
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  • #11,125
  • Jul 4, 2012 1:12pm Jul 4, 2012 1:12pm
Quoting kumarr81
took shorts in cadjpy and audjpy

http://optimus-forex-trader.blogspot.in

I just manually closed both of those. They went nowhere !!
  • #11,126
  • Jul 4, 2012 1:19pm Jul 4, 2012 1:19pm
Quoting kamifx
Right now, as I said before this pair is trying to get 0.96230, though must swing between 0.9540 till 0.9585 to find momentum to get 0.96230
The best and strong level for opening Buy position is 0.9540 and if you miss this level the second level is 0.9555, but above this level is not very safe unless with very low Lot according to your balance ( for some traders 0.01 is ok and for others is 3.0 ) so it’s up to you to consider your lot
Another scenario is to break 0.95000 to down side that I share my idea about this trend later.
Kami
Very colourful chart there. Why did you take this trade, if I may ask ?
  • #11,127
  • Jul 4, 2012 2:38pm Jul 4, 2012 2:38pm
Quoting shomari
Very colourful chart there. Why did you take this trade, if I may ask ?
Sorry i am late but if i get your question,I should say, My trading strategy is according to strong level and after that i may take a look at indis, just to see them nothing more
For this pair it's very clear to move up toward last week important levels and if you consider price pattern in H4 you find out the "Succor and Cup"
Hope you get the question
Have a nice 4th
Kami
Don’t follow someone else’s trading advice blindly
  • #11,128
  • Jul 4, 2012 2:45pm Jul 4, 2012 2:45pm
Quoting kumarr81
took shorts in cadjpy and audjpy

http://optimus-forex-trader.blogspot.in
Kumar, I wonder, what reason did you have to short these 2 pairs at this time?
I did short cad/jpy a couple of days ago but there was a double top and signal to short which got broken....but at the moment both pairs are making new highs and show no weakness. also, you posted this trade as a Hector's method trade
  • #11,129
  • Jul 4, 2012 4:34pm Jul 4, 2012 4:34pm
Quoting Holy Cow
Kumar, I wonder, what reason did you have to short these 2 pairs at this time?
I did short cad/jpy a couple of days ago but there was a double top and signal to short which got broken....but at the moment both pairs are making new highs and show no weakness. also, you posted this trade as a Hector's method trade

I am presently Long cad/jpy It's trading in a tight range since yesterday.
  • #11,130
  • Jul 4, 2012 4:56pm Jul 4, 2012 4:56pm
Posted picture of chart for cadjpy

Long cad/jpy @ 78.85
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  • #11,131
  • Jul 4, 2012 5:27pm Jul 4, 2012 5:27pm
Quoting leveraged
I am presently Long cad/jpy It's trading in a tight range since yesterday.
cad/jpy is a mature trend. too late for me. i am looking for fresh trends.
there was a double top, but it looks like the trend is going to continue. it's consolidating.
  • #11,132
  • Jul 4, 2012 6:35pm Jul 4, 2012 6:35pm
As PSAR is above the price and RSI under the price and also Blue, it's not safe for Buy
i think the best level for buy position, is around 0.9565 till 0.9578
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  • #11,133
  • Jul 4, 2012 6:56pm Jul 4, 2012 6:56pm
AUDUSD
After News,
If the news not acceptable for AUD,( of course right now it's going down but i think 10 min. before the news it goes up and then comes down again)
Sell Position:
E/P:1.02900
S/L:1.0305
T/P1:1.02550
T/P2:1.02230
Don’t follow someone else’s trading advice blindly
  • #11,134
  • Jul 4, 2012 7:39pm Jul 4, 2012 7:39pm
Quoting Holy Cow
cad/jpy is a mature trend. too late for me. i am looking for fresh trends.
there was a double top, but it looks like the trend is going to continue. it's consolidating.

Definate consolidation over the last 24 hours. If it can break highs at 78.92ish and then break the round number 79. short covering might reveal itself, and new takers will start entering above the 79 handle. Of course that'd have to be a sustained break above 79.

But my analysis/trading is more tailored for short-term trading.
  • #11,135
  • Jul 4, 2012 11:49pm Jul 4, 2012 11:49pm
here are the pairs i am watching closely.
Attached Image(s) (click to enlarge)
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As Above, So Below
  • #11,136
  • Jul 5, 2012 1:46am Jul 5, 2012 1:46am
Quoting leveraged
I am presently Long cad/jpy It's trading in a tight range since yesterday.
You shoudn't be in this pair, yet. The reason it's ranging is because everyone is waiting for the US employment data, later today. Until employment #'s come out, that pair is going NOWHERE. I would suggest waiting until 2min before US data comes out and then put an entry short about 15p below price, and an entry long 15p above price. Then when US #'s come out you'll capture the big pricespike, no matter which way it goes.
But, as for right now, you are just guessing (even though your chartsmight show a valid trade), until US news comes out later, all USD and JPY trades, should be kept on hold. What if good US data, your screwed. Price will spike long and you'll be stopped out (I hope you set a stop.).
I was in the same trade, but, after notmaking a big move yet this week, it's obvious everyone is waiting for US data. So should you. IMHO
  • #11,137
  • Jul 5, 2012 1:54am Jul 5, 2012 1:54am
GBPUSD Break Out Position

Buy Stop: 1.56220
S/L:1.5595
T/P1:1.5635
T/P2:1.5657
Sell Stop:1.55780
S/L:1.5560
T/P1:1.5565
T/P2:1.5523
T/P3:1.5496
Kami
Don’t follow someone else’s trading advice blindly
  • #11,138
  • Jul 5, 2012 2:14am Jul 5, 2012 2:14am
Quoting kamifx
Sorry i am late but if i get your question,I should say, My trading strategy is according to strong level and after that i may take a look at indis, just to see them nothing more
For this pair it's very clear to move up toward last week important levels and if you consider price pattern in H4 you find out the "Succor and Cup"
Hope you get the question
Have a nice 4th
Kami
Well Kami, thank you, and a happy 4th (US Independence day holiday) to you as well.
You do know that GBP,and EUR interest rates come out today, right ? Not to mention the even bigger US empoyment data after that, which will set the tone for the market in the short to medium term.
I don't think you want to be in u/ch when that data starts coming out, do you?
Also, USD, and CHF, tend to be what's know as "safe haven" currencies. While yes, they do move against each other, and there are pips to be made, in the markets these days you want to take pairs (lonng, or short) that include 1 "safe haven" currency (USD, JPY, CHF) vs. anything else.
We are in an environment right now, where the market is trading in what I call "blocks.
Block 1 : AUD, CAD, NZD (Comm dolls GOOGLE IT !!) "high risk currency" RISK ON
Block 2 : USD, JPY, CHF (Safe haven currencis) "LOW risk currencies" RISK OFF
Block 3 : EUR, GBP "Neutral" Trade based on FUNDAMENTALS.

So in this (GOOGLE: "RISK ON RISK OFF) environment, trades tend to be maximally effective when you pair any Block 2 with any Block 1 or 3. Also effective but less so is Block 1 vs Block 3, but that is only based on US data.
Good data LONG Block 1 RISK ON, Greed set in.
Bad data, LONG Block 2. RISK OFF, Fear set in
Block 3 LONG/SHORT vs. Blocks 1 or 2 based on US data (mostly).

I hope that made some sense.

Also, READ THIS THREAD FROM THE BEGINNING !!!

We swing trade around here, and pull in LOTS OF PIPS!!
We use "Hector style" swing trading. www.hectortrader.com
I'm not really sure what's going on in your charts there, but, if you wanna make BIG PIPS, then READ THIS THREAD FROM THE BEGINNING!

GO TO www.babypips.com (don't let the name fool you!)
THEN
GOTO www.learnforexlive.com and buy the course
THEN READ THIS THREAD FROM THE BEGINING.
THIS IS HOW WE TRADE !!

Of course, if you're completely comfortable with your trading "style", and your results, I'm sure there's a thread you can go find, in here (forex factory) somewhere, that caters to your type of trading.

AGAIN, HAPPY 4th !!
  • #11,139
  • Jul 5, 2012 2:27am Jul 5, 2012 2:27am
Quoting kamifx
GBPUSD Break Out Position

Buy Stop: 1.56220
S/L:1.5595
T/P1:1.5635
T/P2:1.5657
Sell Stop:1.55780
S/L:1.5560
T/P1:1.5565
T/P2:1.5523
T/P3:1.5496
Kami
But when ? After GBP interest rate #'s, or after US employment #'s ?
I'd stay away from that one. (today at least til after US data, if you must)
If you want to trade GBP today, I would suggest vs a comm doll. But AFTER US data.

Just a suggestion.
  • #11,140
  • Jul 5, 2012 2:31am Jul 5, 2012 2:31am
Quoting kamifx
AUDUSD
After News,
If the news not acceptable for AUD,( of course right now it's going down but i think 10 min. before the news it goes up and then comes down again)
Sell Position:
E/P:1.02900
S/L:1.0305
T/P1:1.02550
T/P2:1.02230

After the news is right, but not the Aussie news. You only wanna take this trade after US news later today. Anything before that, and you might as wel be guessing.
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