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Trend Trading All Pairs

  • #11,201
  • Jul 6, 2012 5:13pm Jul 6, 2012 5:13pm
Well we come to the close of another great trading week.

As you al know I went short the same trades I've been shortig all week.

Most trades last night weren't triggered g/a, e/a, g/n and e/n .
Some trades did trigger though, and the takings were good E/j, g/j, e/u and e/j all went through.

Side note: Notice how the comm dolls lost steam last night whie the USD and JPY flew. Could that be because people are starting to doubt the Chinese numbers and fear is creeping back in? I know it's way too early to tell, but, I think we'll be riding those comm dolls short next week. Just a closing week thought, I' be keeping my eyes closely fixed on the Chinese numbers next week. SO SHOULD ALL OF YOU.

Anyways, here's the charts from last night, Now I'm off to enjoy the day.
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  • #11,202
  • Jul 6, 2012 6:26pm Jul 6, 2012 6:26pm
LOL, Thanks guy Nice portrait.

I think stocks are a better proposition regarding return on money than FX. To make anyhting close to serious money there must be pretty big bankroll in FX. It is a big guys' game. i am in it only to develop skills and track record. But from my own experience stocks provide much better possibility of return on money. Day trading FX is like asking for trouble. While stocks can be day traded pretty well. There is a lot mor einformation that is important to day trade in stocks.
It looks I will have to change demo every 5-30 days depending on broker.
  • #11,203
  • Jul 6, 2012 6:45pm Jul 6, 2012 6:45pm
Quoting shomari
I don't trade stocks, but, if the demo accounts are in metatrader just go to FILE> open an account, and you can reset your demo over and over for infinity. AND it keeps your charts when you open a new account.

I hope that helped a little

Moooo

I know, I have MT4 from FXPrimus. They trade stocks but it is a BS. there is no information stocks day trader needs to trade. Neither level II nor volumes. Level II is less important for me but volumes are very important. for someone trading stocks long term MT4 might be ok.
also, the number of stocks is limited. I also will go with broker that has alarms. Like RealTick or DAS. Need to demo them for 6-8 months and have convincing results before comitting.
  • #11,204
  • Jul 7, 2012 5:51am Jul 7, 2012 5:51am
Holy Cow congratulations on your superb week, I caught some of the gbp/aud and eur/usd pips, but you really caned it. It will be interesting to see how the euro and gbp crosses react next week.

Persistence overcomes resistance!
  • #11,205
  • Jul 8, 2012 3:37am Jul 8, 2012 3:37am
Like most of you,
· Finding Key and Strong Levels
· consider Fundamental, (write down the time of important News)
· Technical( as mentioned here,1st page, 3 MAs 30,50,100, and Fibonacci),
· and analyzing COT report, etc,
and in the end get together all of them to get a result. Never seeking the perfect formula or strategy that it’s unrealistic
During the Market (2July.2012- 6July.2012) I mentioned Strong resistance and support Level and against most of the sites, I suggested the Dominant Up-Trend for USDCHF, now I would like to show about key levels for next 2 Months according to Reversed Fibonacci Method.
But, this scenario will be changed if H4 Candle opens under 0.96363 ( Be Caution, H4 candle opens under this level).
You see the key levels for Months in the Chart but for those who trade during the day:
Again according to Fibo ; pair should touch 0.9810>0.9841>0.9875 > 0.9905
If I miss strong level for opening position, wait for next opportunity
“Never follow traders’ opinion blindly.”
Have a nice weekend
Kami
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Don’t follow someone else’s trading advice blindly
  • #11,206
  • Jul 8, 2012 12:19pm Jul 8, 2012 12:19pm
Market report:

Trending pairs on higher time frames.

8th of july, 2012.
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" It may mean something. It may mean nothing at all "
  • #11,207
  • Jul 8, 2012 12:20pm Jul 8, 2012 12:20pm
MORE TRENDING PAIRS.
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" It may mean something. It may mean nothing at all "
  • #11,208
  • Jul 8, 2012 12:26pm Jul 8, 2012 12:26pm
Quoting Skynet
MORE TRENDING PAIRS.
Thank's for these charts Skynet!!
  • #11,209
  • Jul 8, 2012 12:35pm Jul 8, 2012 12:35pm
Quoting mkb1272
Thank's for these charts Skynet!!
No problem.

I have been writing a lot of analysis lately...i want to start posting more trades....and less analysis.

i think i should start doing a weekly report. a post of overall fundamental and technical analysis...of course, sentiment analysis too.

with some charts.

you know, for example, if nzd.usd is trending nicely and priming for a trade. do a fundie and techie with some senti on nzd.usd

i think that will be a good idea. what do you think?
" It may mean something. It may mean nothing at all "
  • #11,210
  • Jul 8, 2012 12:50pm Jul 8, 2012 12:50pm
Quoting 4rexx
Holy Cow congratulations on your superb week, I caught some of the gbp/aud and eur/usd pips, but you really caned it. It will be interesting to see how the euro and gbp crosses react next week.

Persistence overcomes resistance!
GOOD WORK TO YOU TOO. 4rexx.


If i may say this...as a sidenote: there is always some pairs, either majors or exotics trending somewhere...that is why there is never a shortage of trending opportunity to take in forex. One of the reasons why i like trend trading all pairs, 3sma style.

take a look at this post for example. the SGDs were my trades last week. See how they performed? marvelously. SGD is singapore dollar. Solid fundamentals. check their status on tradingeconomics.com Dont just look at the fancy GDP score on the right upper hand corner(although they rank #3 in terms of best gdp growth on the planet)...dig deep to see singapore sterling performance.

The beauty of 3sma trend trading all pairs...is that you can apply it to all pairs. all of them. even xau/xag.

using higher time frames also help compensate for the wider spreads of these exotics.

i never understood why people only focus on eur/usd. or say their method only work on ONLY ONE PAIR like eur/usd or complain that there are no trending market...obviously, they've never heard of the 3sma trending method.
" It may mean something. It may mean nothing at all "
  • #11,211
  • Jul 8, 2012 12:58pm Jul 8, 2012 12:58pm
Quoting Skynet
No problem.

I have been writing a lot of analysis lately...i want to start posting more trades....and less analysis.

i think i should start doing a weekly report. a post of overall fundamental and technical analysis...of course, sentiment analysis too.

with some charts.

you know, for example, if nzd.usd is trending nicely and priming for a trade. do a fundie and techie with some senti on nzd.usd

i think that will be a good idea. what do you think?
I did see the large posts, I have some reading to do after being ill last week.
I think it a great idea to post those charts, we would all have a idea for the pairs to trade in that week, and I would have a good comparison to my own analyses, and were I could do better.
I really would appreciate it Skynet.
  • #11,212
  • Jul 8, 2012 1:09pm Jul 8, 2012 1:09pm
here is the currency heat map...i have posted the ones from 1 year...6 months...3months....you can find them here: you can also switch from classic to sorted.
http://fxtrade.oanda.com/analysis/currency-heatmap

anyways, here they are:
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" It may mean something. It may mean nothing at all "
  • #11,213
  • Jul 8, 2012 1:12pm Jul 8, 2012 1:12pm
Quoting Skynet
here is the currency heat map...i have posted the ones from 1 year...6 months...3months....you can find them here: you can also switch from classic to sorted.
http://fxtrade.oanda.com/analysis/currency-heatmap

anyways, here they are:

here is the heatmap reading guide:
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" It may mean something. It may mean nothing at all "
  • #11,214
  • Jul 8, 2012 1:17pm Jul 8, 2012 1:17pm
Quoting 4rexx
Holy Cow congratulations on your superb week, I caught some of the gbp/aud and eur/usd pips, but you really caned it. It will be interesting to see how the euro and gbp crosses react next week.

Persistence overcomes resistance!
Thanks 4rexx. It is actually my second big run. in between there was a whipsaw. Now it looks some pairs my turn a nice trends.
  • #11,215
  • Jul 8, 2012 1:19pm Jul 8, 2012 1:19pm
Quoting Skynet
here is the currency heat map...i have posted the ones from 1 year...6 months...3months....you can find them here: you can also switch from classic to sorted.
http://fxtrade.oanda.com/analysis/currency-heatmap

anyways, here they are:

You post a lot of statistic data. It might be very useful if to know how to use it.
Statistics rule
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  • #11,216
  • Jul 8, 2012 2:17pm Jul 8, 2012 2:17pm
Skynet
So valuable info, but as i have seen before, having so many analysis about Break Out and Price Pattern as well
Kindly please, give some info in this regards, too
Kami
Don’t follow someone else’s trading advice blindly
  • #11,217
  • Edited 5:19pm Jul 8, 2012 4:29pm | Edited 5:19pm
Originally Posted by Skynet

#1. trade with the trend.

#2. Market misalignment. This is what i mean by market misalignment:


(a)I look for disjointment between fundamental and market action. e,g. when QE was released the USD was depreciating....and every other currencies was beating the crap out of the USD...during this time i look for currencies that least appreciate against the USD(e.g turkish lira)...when the QE is over....i will wait for the currency to break below appopriate technical levels...then i went long the crap out of it. e.g. USD/TRY


More powerful information you are dropping on us Sky, I have used a similar strategy on equities/stocks. Say for example any of the stock indices; Dow Jones, FTSE 100, S&P, etc, enter into a strong downturn, scan the index/es for stocks that buck that trend and actually strengthened during this period. This is so that you can identify those stocks with a greater strength in relation to those stocks that are nose-diving in line with the overall index. Now when do we use this analysis? We wait until the index/es in question now turn bullish! We then read price action and go long on those stocks/equities, because due to their inherent strength these stock should (no guarantees) make greater gains than the other stocks within that baskets.
Obviously we reverse these instructions if the index/es are in a uptrend we scan for poor performing stock/equities which going south (or sideways) during this period. And you’ve guess it when the overall index turns around and goes bearish short the hell out of those identified “weaker” stocks/equities for potentially greater and faster gains.

In the FX market I’m sure many of you know the relative strength inquiry is called parallel and inverse analysis of the FX pair. Brenzaj42 explians simply here. So if nzd/jpy is going long, is it because of nzd strength or jpy weakness? To find out you need to check out all the nzd pairs and jpy pairs to come to a understanding. Or you could use Hector’s Forex Currency Index or thanks to Sky use the Bloomberg currency index to do a similar analysis. Sky said it had many uses and it also allows you to compare 2 or 3 currencies at a time over a D, W, M or years. See attached chart. Just type in the “Add a comparison” field BCWI???:IND and click on “add” (obviously exchange ??? for USD, CAD, GBP, etc.). As you can imagine the Ideal scenario of course is to find the currency on either side of the pair going in different directions, for the biggest pip move.

Persistence overcomes resistance!
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  • #11,218
  • Jul 9, 2012 2:24am Jul 9, 2012 2:24am
Correction Trend :
Fibonacci H1:
23.6%=0.97439
38.2%=0.97125
50.0%=0.96789
61.8%=0.96633
Fibonacci H4:
23.6%=0.97190
38.2%=0.96701
50.0%=0.96330
61.8%=0.95907
Don’t follow someone else’s trading advice blindly
  • #11,219
  • Jul 9, 2012 6:05am Jul 9, 2012 6:05am
Gentlemen, all I've gotta say this week is CHINA. They already know, China's numbers are BAD!!!!
SHORT THOSE COMM DOLLS BOYS !! With "the world's manufacturer" slowing down, expect Comm Dolls to tank this week (according to CNY data, of course, but rest assured, we are expectig REALLY BAD news)

How bad is it for Comms ?

I think it's gonna be so bad that you might even be able to short them with the EUR, and GBP, (take back the gains lost in the last few weeks).

Just food for thought guys, but this is where my is at , at the begininng of this trading week.

CHINA, CHINA, CHINA !!!!

Of course, I could be, completely, 100% WRONG !!!!

Only time will tell.
  • #11,220
  • Jul 9, 2012 6:15am Jul 9, 2012 6:15am
Quoting Skynet
here is the heatmap reading guide:

I like those. Thanks SKy, for sharing.

hey SKY, I trade the majors, but I noticed you posted soe charts andeven spoke of trading the exotics.
I, personally, have always been afraid of exotics, but from your charts, they just trend like anything else.
Question: 1) Where do you find data releases for the exotics (if any)? AND
2) Do you have any special advice when it comes to trading exotics ?

Also, any relavent input/knowledge/funndamental indicators/personnnal suggestion/anything, WOULD BE GREATLY APPRECIATED.

Thanks

and as always..............
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