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Trend Trading All Pairs

  • #11,301
  • Jul 12, 2012 8:04pm Jul 12, 2012 8:04pm
Quoting Skynet
Here is the same for GBP/CAD. bear in mind the monthly consolidation range...and of course, the H4 s/r in front of the bearish move.
MY gbp/cad went down to retracement low. closed the trade. made roughly 3.6R...that is, 3.6 times return on risk.

i originally posted the setup chart two days ago in this post.

the updated chart is below.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.jpg Size: 68 KB
" It may mean something. It may mean nothing at all "
  • #11,302
  • Jul 12, 2012 8:06pm Jul 12, 2012 8:06pm
Quoting kumarr81
gbpcad short trade was good for 50 pips

http://spartan-trader.blogspot.in
good work. my gbp/.cad short developed well into a profit too. MY return was 3.6R with +90pips gain from entry.

setup chart
http://www.forexfactory.com/attachme...1&d=1341910718

update chart

http://www.forexfactory.com/showthre...08630&page=754http://www.forexfactory.com/attachme...9&d=1342141473

http://www.forexfactory.com/showthre...08630&page=754
" It may mean something. It may mean nothing at all "
  • #11,303
  • Jul 13, 2012 1:07am Jul 13, 2012 1:07am
Quoting Holy Cow
agree 100%. Pronouncement of China as the next superpower is a bit premature. The country cooks books and everything, wasting money, has a lot of bad internal debts , ecological, demographic problems, no resopurces to sustain itself including simple water. The first time China starts looking like mortal again.
Todays play for me is simple. I cashed out of all those pairs last night (everything short vs USD and JPY). Today I'm zoomed into the H1 on all pairs. I'll trade from H1 with trigger as M15. If entry is good, I'll zoom back out to the relevant TFs and watch in realtime again.
Concerns: a/j and n/j.I'm taking short but zoom out to the D1 and it looks like they could be bucking up on a trend long. Will be watching veeeeeeery closely !!
Here's an interesting article.

http://www.zerohedge.com/news/forget...eps-pboc-night

Today the Chinese may have gotten away with "massaging" the numbers (we'll see at London open in an hour). But they can't hide the truth forever. Let's see how todays trading goes.

Happy pipping everyone, and notice my shiny new vouches, gifts from SKYNET and his pals. I am honored.

Now, let's go make some loot !!!
  • #11,304
  • Jul 13, 2012 1:09am Jul 13, 2012 1:09am
Quoting Holy Cow
No, no experiments. I follow the method. it is all done on daily. No weekly.
I meant to say I've been doing that o the e/a, not g/a. I've been using the W1.
Ooops,my bad.
  • #11,305
  • Jul 13, 2012 1:20am Jul 13, 2012 1:20am
Until I see price break nicely through yesterdays lows, (I'mtaking everything short vs USD and JPY) I'll be holding my breath.
  • #11,306
  • Jul 13, 2012 1:57am Jul 13, 2012 1:57am
Quoting Custos
Actually it's not enough knowing fundamentals, otherwise good economists would also be rich through the markets.
You have to get an idea how the markets react with regards to new events or whatever. Some things are already priced into the markets. Sometimes there aren't even any news out there and just rumors. No matter if they are based on anything "real" or not, rumors also affect the markets in a big way. It's rather easy to assess the fundamental situation, but not as easy to estimate the effects on the markets.

Actually george soros mentions...
First of all, rumors may affect the equities market, but forex is predominantly a data driven market. No one knows CPI #'s before anyone else, no one knows Italy bond yields, before anyone else. Rumors might be a factor in equity markets, since CEOs and high level corporate officers often have friends and associates in the banking sector. But things are QUITE DIFFERENT in the forex market, or really any other market, other than equities (CDS a little bit, corporate CDS).
Actually just knowing the data, is not good enough. You have to know how that fundamental data affects your particular type of investment vehicle. Not only that, but WHICH pieces of data affect the movements of your particular investment vehicle.
That's why, for us as traders, we watch (I'll say it AGAIN) bond prices, CDS prices, COT charts, etc, etc. to make our trading decisions. If you don't know how the correlating markets affect the price of currencies, you are trading with only one eye open.

If you want to learn how to put it all together, look back a month or so and I posted articles about CDS, bonds, COT charts etc, and how the interact with forex, and how to use them as a tool to make MUCH MORE informed trading decisions.

AGAIN EVERYONE GOOGLE: "bonds and fx market", "interest rates and fx market" " central banks and fx market", " CDS and fx market", "COT report and fx market", "currency indices and fx market". ALSO GO TO www.babypips.com and READ THE WHOLE THING. This should help you apply the information you learn on a fundamental level, to your daily trading.

Happy pipping !! London's about to open. Get them pips !!
  • #11,307
  • Jul 13, 2012 3:20am Jul 13, 2012 3:20am
Hi everybody
Just i should appreciate for all infos you have here that not comparing with others which are full of idle -talking and chit chats
Have a nice weekend
Kami
Don’t follow someone else’s trading advice blindly
  • #11,308
  • Jul 13, 2012 4:34am Jul 13, 2012 4:34am
USDJPY
Those who have opened Sell position at
79.65 for

T/P1=79.35

T/P2=79.15

T/P3=78.80
Now the pair is on Strong Resistance and going toward T/P2 and T/P3 and next week for 78.00 or will be retracing again as weeks ago!
Don’t follow someone else’s trading advice blindly
  • #11,309
  • Jul 13, 2012 9:14am Jul 13, 2012 9:14am
Quoting shomari
First of all, rumors may affect the equities market, but forex is predominantly a data driven market. No one knows CPI #'s before anyone else, no one knows Italy bond yields, before anyone else. Rumors might be a factor in equity markets, since CEOs and high level corporate officers often have friends and associates in the banking sector. But things are QUITE DIFFERENT in the forex market, or really any other market, other than equities (CDS a little bit, corporate CDS).
Actually just knowing the data, is not good enough. You have to...
So, when there was rumor that spain can't pay cope with its debt anymore and will apply for getting some money from the EU then it is not a rumor? In FX that would be called data?
Data is much more irrelevant than what politicians are about to decide with regards to their monetary or fiscal policies. Some infos come out as rumors before the actual announcement and sometimes false rumors get spread. Sometimes the markets interpret a move in fiscal policies in a totally wrong way, cause they more often just look for short-term relief, when in fact long-term situation is still crap.
Again spain needing money from the EU. Market interpreted that as a good thing when that thing was out in the news, of course market finally dropped a week later. But it makes one wonder why the hell the market does interpret spain wanting money from the EU in a good way.
  • #11,310
  • Jul 13, 2012 12:36pm Jul 13, 2012 12:36pm
Quoting Skynet
i have another current trade in EUR/SGD...chart attached: ........
previous entry chart.

price target achieved. trade completed its swing low...while i was busy and away....chart update attached. risk reward was 1:2.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-07-13_13-23_OANDA.jpg Size: 73 KB
" It may mean something. It may mean nothing at all "
  • #11,311
  • Jul 13, 2012 12:59pm Jul 13, 2012 12:59pm
Quoting Skynet
previous entry chart.

price target achieved. trade completed its swing low...while i was busy and away....chart update attached. risk reward was 1:2.
Sky net what happend at 4:30 pm gmt+3 there was no news till 4:55 pm?
  • #11,312
  • Jul 13, 2012 1:00pm Jul 13, 2012 1:00pm
Quoting shomari
.......
Happy pipping everyone, and notice my shiny new vouches, gifts from SKYNET and his pals. I am honored.

Now, let's go make some loot !!!
hey, you deserve it...and that is the least i could do. in my humble opinion, you've posted quality posts soo many times...and you only have one vouch?!?....

i have to do something about that...besides, i ask them to judge you on YOUR MERITS before dishing out any vouches.

so, you won this square and fair. It is all your effort only. YOURS ONLY.

--skynet
" It may mean something. It may mean nothing at all "
  • #11,313
  • Jul 13, 2012 1:02pm Jul 13, 2012 1:02pm
Quoting Skynet
hey, you deserve it...and that is the least i could do. in my humble opinion, you've posted quality posts soo many times...and you only have one vouch?!?....

i have to do something about that...besides, i ask them to judge you on YOUR MERITS before dishing out any vouches.

so, you won this square and fair. It is all your effort only. YOURS ONLY.

--skynet
what are those vouches and what you can do with them?
  • #11,314
  • Jul 13, 2012 1:02pm Jul 13, 2012 1:02pm
Quoting vladutz112
Sky net what happend at 4:30 pm gmt+3 there was no news till 4:55 pm?
what do you mean? the movement on the chart? can you post your chart and hihghlight what you mean?

are you also referencing the eur/usd too? the bullish movement?

post some charts if you dont mind.
" It may mean something. It may mean nothing at all "
  • #11,315
  • Jul 13, 2012 1:04pm Jul 13, 2012 1:04pm
i can't post the internet is limited and yes i'm reffering at the eur/usd and also at others pair
  • #11,316
  • Jul 13, 2012 1:06pm Jul 13, 2012 1:06pm
nice thread
No place for mistakes
  • #11,317
  • Jul 13, 2012 1:07pm Jul 13, 2012 1:07pm
Quoting vladutz112
what are those vouches and what you can do with them?
vouches? they are not that of a big deal. It is not that you can convert them to money, is it? some threads has vouches restriction...i am not sure you can start a thread in certain section without a vouch...etc...

is there a better system? hell ya. nubcake has a better idea, in my opinion.
" It may mean something. It may mean nothing at all "
  • #11,318
  • Edited 1:21pm Jul 13, 2012 1:10pm | Edited 1:21pm
Quoting vladutz112
i can't post the internet is limited and yes i'm reffering at the eur/usd and also at others pair

well..the best explanation i have is this post of mine.

i am sure some explanation is going to come out, sooner or later.

p.s. the useless thread and the euranalysis thread...tends to be up on the latest breaking news about eur...who knows...somebody there might know.
" It may mean something. It may mean nothing at all "
  • #11,319
  • Jul 13, 2012 1:11pm Jul 13, 2012 1:11pm
Quoting Skynet
vouches? they are not that of a big deal. It is not that you can convert them to money, is it? some threads has vouches restriction...i am not sure you can start a thread in certain section without a vouch...etc...

is there a better system? hell ya. nubcake has a better idea, in my opinion.
skynet..u got the message from other thread
If there was easy money lying around,no one would be forcing it into your
  • #11,320
  • Jul 13, 2012 1:13pm Jul 13, 2012 1:13pm
Quoting FXMindset
skynet..u got the message from other thread
just checked. about turkey?

i will get on it....

wanted to finish posting the replies to this thread.

thanks, fxmindset. you da man!
" It may mean something. It may mean nothing at all "
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