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Trend Trading All Pairs

  • #11,261
  • Jul 11, 2012 11:23am Jul 11, 2012 11:23am
Quoting Skynet
Market report:

Trending pairs on higher time frames.

8th of july, 2012.
sorry lads, i wasnt able to post this earlier...like i did with the eur/sgd....still...i posted the chart yesterday on this thread. that should be good enough to spot it.

anyways...entered long USD/DKK...closed a large potion for 1:3 r/r...leaving the rest to run...below are charts with annotations showing the trade mechanics.

anyways...the daily trending chart was clearly posted on sunday....leaving more than enough time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdddkh4.jpg Size: 69 KB
Click to Enlarge Name: usddkkm5.jpg Size: 72 KB
" It may mean something. It may mean nothing at all "
  • #11,262
  • Jul 11, 2012 11:29am Jul 11, 2012 11:29am
Quoting Skynet
UPDATE ON XAG/CAD. here is how the trade is progressing nicely...i always keep my entry point as close to the confluence spot as possible....anyways, due to that H4 resistance...i B/E the trade.
Quoting Skynet
.........XAG/CAD has retraced on me to B/E +3 pips. shite happens...luckily...my EUR/SGD is taking no prisoners....
UPDATE ON xag/cad....well...after triggering B/E...it went back down and reach original TP of 1:4 R/R

chart attached below:
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: xagcad.jpg Size: 68 KB
" It may mean something. It may mean nothing at all "
  • #11,263
  • Jul 11, 2012 11:35am Jul 11, 2012 11:35am
Quoting Skynet
I WILL BE BACK LATER TO REPLY TO all of shomari wonderful posts....and of course, read the NYT article linked you posted.

for now...i need to run...dump another cargo here of EUR/SGD at 1.5522 for r/r 1:5.7....the previous one was r/r 1:4...the rest...a tiny fraction...is now in complete set and forget mode ....i only have a tiny fraction left...i am leaving to run...till kingdom come.

first alert was here.

final chart update attached below:
well...this will probably be my last update on eur/sgd in a while...it is kicking along nicely...in fact...SGD is destroying every other currency remorselessly.

previous setup chart was here.

update chart below:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eursgd.jpg Size: 68 KB
Click to Enlarge Name: eursgdfinal.jpg Size: 63 KB
" It may mean something. It may mean nothing at all "
  • #11,264
  • Jul 11, 2012 11:44am Jul 11, 2012 11:44am
Quoting mkb1272
Maybe this is a good setup? enter after the pullback??

Attachment
I dont see why not.

another take on it:
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2012-07-11_12-42_OANDA.jpg Size: 63 KB
" It may mean something. It may mean nothing at all "
  • #11,265
  • Jul 11, 2012 12:22pm Jul 11, 2012 12:22pm
SHOMARI,

#1. I wasnt even thinking about your take on seasonality....i was busy looking at it from a commodities point of view...good point, shomari.

#2. Yeah, i saw the cramer video....i believe the whole thing started with rick santelli chicago rant and teabagging...then....john stewart went after cnbc with a baseball bat, a machete, a bazooka and a flamethrower. it was scathing:
http://www.thedailyshow.com/watch/we...nancial-advice

#3. On how to trade china..well..i seriously have nothing else to add...you covered the bases. Here is this johns hopkins university professor, deborah brautigam, that did a detailed investigation of china in africa.
here is a youtube video of one of her presentations.

Heck, the chinese boys there are already going after the african women. they have my total approval. Hey, god speed to them all. rock on. exhibit a ; exhibit b ; exhibit c; exhibit d; exhibit e ; exhibit f ; exhibit g ; you can find more about chino-africa relations at this chinese website(written in chinese). Here is a new york times story about an african engineering student becoming #3 pop singer in china. i shit you not. He can sing too -- youtube. even better.

My POINT? IT IS A NEW WORLD...BOUNDARIES ARE GETTING broken down...it is a global economy...and soon...a global culture....old powers will get displaced and others will evolve. need proof....here is ANGOLA BANKS bailing out PORTUGUESE national banks. I am not joking....angola was the african colony of portugal....now..things are upside down and sideways....

it is a new world...global economy...global politics...global culture...multilingual...multicultural...multiracial. boundaries be damned!

peace out,

skynet

p.s. didnt jim rogers made his children learn chinese while growing up?
" It may mean something. It may mean nothing at all "
  • #11,266
  • Jul 11, 2012 12:51pm Jul 11, 2012 12:51pm
Well, closed my nzd/cad for BE and there is no risk anymore left. was doing nothing for too long. all stops either BE or 100+ pips now. also took some profits today. leave the rest running. most of positions. eur/usd has a stop run today but I think it is going to break to downside. it is along the trend and supply of long orders is being exausted. been 400 pips today on this pair and I have 1.55 locked on this pair through profit taking and some locked pips. so are others but gbp/usd and gbp/jpy.
  • #11,267
  • Jul 11, 2012 1:15pm Jul 11, 2012 1:15pm
It looks like supports are getting broken. more than 2000 pips in profit on al positions now.
  • #11,268
  • Jul 11, 2012 1:18pm Jul 11, 2012 1:18pm
Quoting Holy Cow
It looks like supports are getting broken. more than 2000 pips in profit on al positions now.


HOLY COW!!.. nice!!
  • #11,269
  • Jul 11, 2012 1:27pm Jul 11, 2012 1:27pm
Quoting kamifx
Buy Limit:1.0180
S/L: 1.0160
T/P1:1.0200
T/P2:1.0230
T/P3;1.0250
Kami
Hope you get why i insist on strong Level open your Position
Attached Image (click to enlarge)
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Don’t follow someone else’s trading advice blindly
  • #11,270
  • Jul 11, 2012 2:42pm Jul 11, 2012 2:42pm
Quoting Skynet
SHOMARI,



skynet

p.s. didnt jim rogers made his children learn chinese while growing up?

Jim and his family moved to Singapore years ago,
said it was the way forword and that all real wealth
was in the east,almost always ahead of the crowd that man.
You can remain irrational longer than you can remain solvent.
  • #11,271
  • Jul 11, 2012 3:50pm Jul 11, 2012 3:50pm
Quoting Skynet
SHOMARI,

#1. I wasnt even thinking about your take on seasonality....i was busy looking at it from a commodities point of view...good point, shomari.
as if commodities are not seasonal instruments....
  • #11,272
  • Jul 12, 2012 2:04am Jul 12, 2012 2:04am
I took a short trade in usdjpy at 79.48 target 50 pips

http://spartan-trader.blogspot.in
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.JPG Size: 169 KB
  • #11,273
  • Edited 7:50am Jul 12, 2012 4:45am | Edited 7:50am
Quoting Skynet
SHOMARI,

#1. I wasnt even thinking about your take on seasonality....i was busy looking at it from a commodities point of view...good point, shomari.

#2. Yeah, i saw the cramer video....i believe the whole thing started with rick santelli chicago rant and teabagging...then....john stewart went after cnbc with a baseball bat, a machete, a bazooka and a flamethrower. it was scathing:
http://www.thedailyshow.com/watch/we...nancial-advice

#3. On how to trade china..well..i seriously have nothing else to add...you...
Angola bailing out Portugal !!!!!???? What the heck is this world coming too !!!!??
Again, you have completely dropped some data on me that is BLOWING MY MIND !!!!
I knew China was in Africa securing resource, but I had NO IDEA that the ties already ran so deep. I mean, AN AFRICAN CHINESE POP STAR !!!!!!!?

I literally had to go pour myself a shot of rum and read your post over a couple of times, just to absorb that scenario.
It's so interesting, and refreshing to hear news you wouldn't often hear reported back in your home country. I think I'm gonna start to look into the financial ties of countries you might not necessarily hear about,and their political relations ie.Venezuela and, say, Egypt, India and South Africa etc...
This is really deep stuff.
Thanks again SKY.

BTW, since I'm here and all, let me say that I think it's spawning season finally. Prices are starting to behave themselves. It's been super crappy for me this trading week. I have been on the WRONG SIDE OF EVERYTHING!! But today I think that will change. CHINESE #'s come out today, and like I said in my "thoughts of the week" post, (or whatever I called it,earlier this week) I think we'll see HUUUUGE moves today, thus I am positioned and READY TO STRIKE.
Just like salmon spawning season boys, you know the salmon are coming. You know what streams they'll be travelling up, you know the season and what signs to look for, but you don't know the exact day. That's like this trading week for me. I've been playing the lame Chinese data angle,and nothing has broken my way, YET, but the data is coming, like the salmon, and my NET IS READY TO PULL IN SOME BIIIIG FISH.

CHINESE DATA RELEASE, 10 pm EST !!!! Get your entry orders and stops set, this could be a WIIIILD RIDE !!!
(or nothing at all)

Read the following article, while you stare at your screens

http://www.marketwatch.com/story/chi...ing-2012-07-11

Time will tell
  • #11,274
  • Jul 12, 2012 4:52am Jul 12, 2012 4:52am
Quoting Holy Cow
It looks like supports are getting broken. more than 2000 pips in profit on al positions now.
The party is just getting started !!!
  • #11,275
  • Jul 12, 2012 5:00am Jul 12, 2012 5:00am
Quoting mkb1272
HOLY COW!!.. nice!!

Thanks MKB, Aud news looks like might be ending aud trends. I already was celebrating coming break outs on gbp/aud and aud/jpy but now it looks like things are turning. aud/jpy stop at be still. has not quite taken off this pair, but I will keep it . still remember closing eur/aud manually 50 pips away form stop and where it is now. never hit me. gbp/aud 600 pips locked. stop 70 pips above yesterday's high. aud has been struggling for some time and this news might be the last straw. new opportunities might be coming. thankfully other pairs moved even further in my direction. e/u support looks like getting broken. The longer it takes to breka the hard it fall.
  • #11,276
  • Jul 12, 2012 5:07am Jul 12, 2012 5:07am
Attached Image (click to enlarge)
Click to Enlarge Name: trades.JPG Size: 52 KB


this is it so far. will see how things will look by the end of the week. may be new trades will be added.
  • #11,277
  • Jul 12, 2012 5:09am Jul 12, 2012 5:09am
Quoting shomari
The party is just getting started !!!
oh year, the longer takes to break the harder it falls or goes up.
I do not envy guys buying eur and moving stops. there is a lot of them someone told on one forum that about 90% of myfxbook registered accounts are buying eur... no wonder 95% lose.
  • #11,278
  • Jul 12, 2012 6:28am Jul 12, 2012 6:28am
Quoting Holy Cow
oh year, the longer takes to break the harder it falls or goes up.
I do not envy guys buying eur and moving stops. there is a lot of them someone told on one forum that about 90% of myfxbook registered accounts are buying eur... no wonder 95% lose.
Like I said, COMM dolls are the ones to attack this week. USD, JPY LOOOOOOOONG!!!

Anyways,here's something fun to do while you watch all of those lovely pips roll in:
We are entering a SERIOUSLY, LONG TERM, BUTT HOLE CLENCHING, TIME OF GLOBAL SLOWDOWN AND FEAR.
Things really aren't looking good at all, from US, to Asia, EU. Think about the possibility of well known corporations going bankrupt *like the whole auto sector did here in the US) etc. The blinds are coming off. Global demand is falling and only getting worse. What can stop this ? Less income=less products sold= more job cuts= less income = less products sold, etc, etc...


This time the slowdown is truly global in nature.
Anyways, I'm not going to sit and expound about the truly cataclysmic future
that could be around the corner. (YET)

But just sit and think,of the macro ramifications, of all major economies slowing, ALL AT ONCE, and as you do listen to two songs. (This is childish, I know, but seriously. Think of it like an athlete preparing for game time. No matter the situation, you'll be prepared to execute)

Metallica: Enter Sandman
AND
Guns n Roses: Welcome to the Jungle

Just put them on a loop in your MP3 player, and think about,, what will happen to the bonds of certain countries, consider the ramifications of QE policies in certain countries and regions of the world. What of comm doll countries when they can no longer get rid of all their resources, and what of the companies (equities) that mine the stuff and sell it, and transport it, and on down the line ? Now expand that out to other vulnerable sectors in the global economic structure. Now think of the possible results, based on recent events of this nature happening to individual countries,and apply them to multiple like countries. ( HEY CUSTOS, THIS WOULD BE SOMETHING WORTH BACKTESTING !!! SERIOUSLY !!!)
What's the answer, who knows !!!??
But just preparing your mind for that kind of upcoming scenario will prepare us to take full advantage of any eventuality. Imagine if when the housing bubble burst you had known to position yourself long USD and JPY. Now we do because we've seen the money flows before. When yield go above 7% on EU country bonds what happens, when/if Chinese GDP is below 7.5% what happens?
Anyways, let your mind go and try it out. (I think I'm way too bored right now. Where did I even come up with this idea?) Oh well........
  • #11,279
  • Jul 12, 2012 6:42am Jul 12, 2012 6:42am
Quoting kamifx
T/P3 was also Touched (excuse me i forgot to put 0 between 0.98043 ) but,
Right now the situation for USDCHF has changed and 0.9778 has broken by H4 Candle

Now it’s important support and if it won’t be broken by H4 candle in the Down trend direction we have to see the pair for next AREA between 0.9846 – 0.9863 as strong resistance area to get 0.9911,also another resistance is 0.9825 which is not very strong but causes the pair returns to 0.9785
This is for daily traders and...
Just to remind this area
Don’t follow someone else’s trading advice blindly
  • #11,280
  • Jul 12, 2012 7:43am Jul 12, 2012 7:43am
Quoting Skynet
sorry lads, i wasnt able to post this earlier...like i did with the eur/sgd....still...i posted the chart yesterday on this thread. that should be good enough to spot it.

anyways...entered long USD/DKK...closed a large potion for 1:3 r/r...leaving the rest to run...below are charts with annotations showing the trade mechanics.

anyways...the [url="http://www.forexfactory.com/showthread.php?p=5822885#post5822885"]daily...

UPDATE ON long usd/dkk.....it is now up by 7R....that is 7times return on risk. chart update attached below:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-07-12_08-41_OANDA.jpg Size: 56 KB
Click to Enlarge Name: USDDKK.jpg Size: 57 KB
" It may mean something. It may mean nothing at all "
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