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Trend Trading All Pairs

  • #11,661
  • Sep 10, 2012 3:29am Sep 10, 2012 3:29am
Quoting Holy Cow
markets are trending now. pick the pair now. there were some retracements/ pull backs. you can get in. eur/nzd looks like a classic Hector set up btw.
I am already in almost all pairs I was looking to be in except for gbp/usd closed it 2 weeks ago after getting spooked by news. will be managing whatever I have now.
OK, thanks a bunch. Sounds like you've been kickin ass lately, as usual.Niiiice.
What was that about getting paid to go laong AUD ? Are you saying your broker pays you to trade a certain direction?m Or amI completely missing something ?
  • #11,662
  • Sep 10, 2012 3:40am Sep 10, 2012 3:40am
Quoting OrionGI
Hello everyone

Good information here. Thank you all for giving me some additional tools to trade the markets. Using this method with bits and pieces of others i've picked up along the way has shown some positive results. Ill be around to absorb some more.
Come on in and make yourself at home. Grab a seat,chill. Can I offer you something while you wait....
How about a whole thread full of sexy trending charts, with a side of 1000pip a week soup.

Enjoy
  • #11,663
  • Sep 10, 2012 3:45am Sep 10, 2012 3:45am
Quoting shomari
OK, thanks a bunch. Sounds like you've been kickin ass lately, as usual.Niiiice.
What was that about getting paid to go laong AUD ? Are you saying your broker pays you to trade a certain direction?m Or amI completely missing something ?

i think COW meant the swap rate....in the case of AUD...you get paid the swap when long AUD...but get the swap deducted when short the AUD....As you already know...this play a role in carry trades....

attachment below should show what i mean:
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-10_04-41_Trading Accounts - FinFX.jpg Size: 30 KB
" It may mean something. It may mean nothing at all "
  • #11,664
  • Sep 10, 2012 4:09am Sep 10, 2012 4:09am
Quoting Skynet
i think COW meant the swap rate....in the case of AUD...you get paid the swap when long AUD...but get the swap deducted when short the AUD....As you already know...this play a role in carry trades....

attachment below should show what i mean:
Yeah right. Doh. Swap rate is something I really should take into consideration. Honestly, I've never really cared or paid attention. I think back in the day a few years ago I looked innto it to do carry trades but the the markets blew up and people stopped doing them as much.

OK I get it. Thanks.
  • #11,665
  • Sep 10, 2012 4:58am Sep 10, 2012 4:58am
To all traders reading this.

You may think you own the Holy Grail, but turn your cup over, you"ll see it's just a regular old cup, MADE IN CHINA !!
There's no secret to trading forex gents. Just alot of analysis and common sense decisions.

Peace
  • #11,666
  • Sep 10, 2012 6:39am Sep 10, 2012 6:39am
Quoting shomari
As you know, (and if not,you better read some backposts) CHINA IS FU**ED!!!!!!!!
Make it plain Bro!

shomari and sky have been beating this drum for a few months now and the figures are now singing along in perfect tune what the early fundies were pointing to:

"...China's August copper imports fell 2.9 percent from the previous month…the economic slowdown in the world's top consumer of the metal cut demand…

...(Chinese) crude oil imports in August fell 12.5 percent from a year earlier to the lowest daily rate since October 2010…

China's biggest customers are the debt-ridden, recession-bound European Union and the still struggling United States…Without a big boost in demand from those two economies, Beijing policymakers face an uphill battle…

…China's factories are running at their slowest rate of expansion since May 2009, data on Sunday showed…"

Read the whole article here.

It does'nt look like the commodity dollars (aud, nzd) will be strengthen anytime soon. And as China is the undisputed powerhouse in in that region the fallout from its downturn is likely to further weaken other linked Asian economies (hkd, sgd). But sky's charts were telling us this a while ago.

From our perspective there should be some good trends to to keep us busy!

Persistence overcomes resistance!
  • #11,667
  • Sep 10, 2012 6:25pm Sep 10, 2012 6:25pm
Quoting shomari
To all traders reading this.

You may think you own the Holy Grail, but turn your cup over, you"ll see it's just a regular old cup, MADE IN CHINA !!
There's no secret to trading forex gents. Just alot of analysis and common sense decisions.

Peace
I actually think less analysis but no hesitation when there is set up present.
cut losers let profits run go with a trend.
The simpler the better.
  • #11,668
  • Sep 10, 2012 6:35pm Sep 10, 2012 6:35pm
This was a matter of time. China has been able to grow only through exports of cheap cr*p to the West. We did not need it in the first place. Cost us lots of good paying jobs and is a root of current crisis.


Quoting 4rexx
Make it plain Bro!

shomari and sky have been beating this drum for a few months now and the figures are now singing along in perfect tune what the early fundies were pointing to:

"...China's August copper imports fell 2.9 percent from the previous month…the economic slowdown in the world's top consumer of the metal cut demand…

...(Chinese) crude oil imports in August fell 12.5 percent from a year earlier to the lowest daily rate since October 2010…

[font=Verdana]China's biggest customers are the...
  • #11,669
  • Sep 11, 2012 12:35pm Sep 11, 2012 12:35pm
i read the china articles, nicely written.

due to the present USD bearish situation...some of the weaker currencies against the AUD, NZD, HKD, CAD, SGD are getting taken out....because USD bearishness is propelling the comm dolls....i cant wait for this week and her strings of economic data to be over.....anyways, that is the reason why we use the heatmap: so that we can pair the strongest against the comm dolls to resist episodal volatility/retracement strength.

some newbies may be curious how do USD bearishness affects the other AUD paired currency e.g. AUD/HKD or how does USD bearishness affects the asian currencies like HKD/JPY....

Simply: all other currencies were derived from the base currencies of USDXXX or XXXUSD...WHERE xxx = any currency.

Hence, AUD/HKD = derived from = AUD/USD x USD/HKD = AUD/HKD.

And something like HKD/JPY = is derived from = USD/JPY x 1/(USD/HKD) = HKD/JPY.

e.g.
USDJPY = 77.969
USD/HKD = 7.75420;

.........simple arithemtic gives us = HKD/JPY = 10.0279. which is the current price of HKD/JPY at this moment.....thereby eliminating arbitrage opportunities.

ANYWAYS, as china cools..i will expect more shorting opportunities in AUD, NZD, and of course, asian related currencies like SGD, HKD....like 4rexx said. maybe TWD if the spread is not soo damn wide.





Quoting 4rexx
Make it plain Bro!

shomari and sky have been beating this drum for a few months now and the figures are now singing along in perfect tune what the early fundies were pointing to:

"...China's August copper imports fell 2.9 percent from the previous month…the economic slowdown in the world's top consumer of the metal cut demand…

...(Chinese) crude oil imports in August fell 12.5 percent from a year earlier to the lowest daily rate since October 2010…

[font=Verdana]China's biggest customers are the...
" It may mean something. It may mean nothing at all "
  • #11,670
  • Edited 2:44pm Sep 11, 2012 12:43pm | Edited 2:44pm
Quoting 4rexx
To find the Seasonal Patterns of the majors go here.
Just for your information as I know some of you guys and gals trade crude oil and precious metals as well, go here for seasonal charts with 5 & 15 year stats on both the FX Majors and Commodities.

Persistence overcomes resistance!
  • #11,671
  • Edited 2:02am Sep 12, 2012 1:47am | Edited 2:02am
Quoting 4rexx
Make it plain Bro!

shomari and sky have been beating this drum for a few months now and the figures are now singing along in perfect tune what the early fundies were pointing to:

"...China's August copper imports fell 2.9 percent from the previous month…the economic slowdown in the world's top consumer of the metal cut demand…

...(Chinese) crude oil imports in August fell 12.5 percent from a year earlier to the lowest daily rate since October 2010…

[font=Verdana]China's biggest customers are the...
Damb skippy !! Nuff said. We still just have to wait a little bit longer for the rest of the herd to see it, before the stone cold REALITY sets in. THEN WE STRIKE WITH NO MERCY !!!

So, while we wait, here's my daily 2 cents worth of analysis and ideas.

And if I may, I said it earlier in the week but I must say it again....THIS WEEK IS PIVOTAL !!!!!
As for me, you can see I haven't posted the usual charts because this week I AM NOT TRADING. WHY? The news this week coming out, starting at 4am EST (German court rulings on the costitustionality of Germany participating in a fund which uses German taxpayer funds to bail out struggling entities both sovereign and private.) is only the beginning !! Then we'vev got the italian bond auctions, then the man himself BEN BERNANKE AND THE FOMC DECISION. QE3 or not ? if so, how much ? Many variables to look at there, and huuuuuuuuuge moves to be expected.
I guess what I'm saying boys is STRAP IN. This flight leaves at 4am EST, AND WE AIN"T LANDING TIL CHRISTMAS !!! All Aboooooooard !!!!
  • #11,672
  • Sep 12, 2012 2:00am Sep 12, 2012 2:00am
Like I said this week is pivotal,and that's because we should,next week, see where the short to medium term trends will take us, going into at least Christmas. So in fact NEXT WEEK, is the time to pounce, once the BIG DOGS have analysed and absorbed THIS WEEKS DATA. Basically I see looong trends developing, and we wanna get in at the beginnings.
SO, My request is:
On Monday, we all post our trendscans, heatmaps, COT chart analyses, CDS prices and interesting articles analysing this weeks data.
By next Tuesday, the trends will begin,so we should ALL be ready, with every tool we have at our disposals, pool them, analyse the data, then.... rip these markets a new asshole !!!!
  • #11,673
  • Edited 10:35pm Sep 12, 2012 3:07am | Edited 10:35pm
Well gentlemen, I thought I would post a few motivational videos for you to watch over the weekend, to prepare you mentally for the slaughter we are going to visit upon the markets in the coming weeks,months, and years. But especially next week
So like in the wild theirare groupings of like animals that rule the plains and jungles and deserts.
Well here in the forex world, it is we, us, who are the alpha predators,and just like in the wild,we analyzee the heard (currency pairs) , analyse til we find the most juicy,or vulnerable one/, THEN STRIKE.
So as you watch these videos, consider the pack the TTAP pack, and you are a lion in it, and you contribute to the kill. Next week, we go on the hunt. The land is full of wilderbeast, antelope,and zebra. Time to dine !!

Watch this one first
Inserted Video


Now this.There may be darkness, but with a trendscanner, heatmap and balls, the hunt continues....

This week we are patiently lying low in the grass, analyzing every nuance,of each member of the herd, (the markets, are the herd, and the individual animals are the aud, cad,usd, etc.). Next week we strike, and take down as much of the herd as possible, and gourge ourselves on pips til Christmas season comes.

P.S. Yes. I am a little drunk right now, but believe me, these videos are cool. LOL. And the comparisons, are completely valid.

Enjoy, my fellow pip hunters.

http://www.youtube.com/watch?v=O0paB...gb4bjjwtfMtvtA

There is no escape. Some kills are big (elephant)(1000pips), some small (gazelle)(300pips), but they all add to the continuation of the life of the animal(your trading account). Any profits, are good profits.
SSSShshshshh....... I think I smell a herd of pips up ahead.......lay low, and stay vigilant, be ready for anything, let the hunt begin.(yeah yeah, corny,but I'm havin' fun. Back to the videos)

Inserted Video


Inserted Video


Inserted Video


Inserted Video


We are the hunters, and pips are our prey....

Inserted Video


OK OK,that's the last one. some good kills. That's how we take down trades.
whenever you wonder why you do this, or you're just drunk and bored like me LOL Get your killer instinct juices flowing.

BTW. German court decided to uphold the ESM thing. Wooop dee doooo. Big news is Bernanke later this week QE3 or not ? !! THAT is the question. Until then watch the above vids.and preparefor the slaughter. (A little dramatic I know, but hey, that'sjust how I roll!! LOL!!)
  • #11,674
  • Sep 12, 2012 4:01am Sep 12, 2012 4:01am
Herd went wild
  • #11,675
  • Sep 12, 2012 11:49am Sep 12, 2012 11:49am
Attached Image (click to enlarge)
Click to Enlarge Name: trades.JPG Size: 41 KB



got stopped on 4 trades. 1 BE aud/usd and other 3 about 1000 pips on all 3. covered my losses to open all current trades and the left trades have already 9% locked. +14% hanging unrealized.
Going on vacation for 3 weeks this Saturday.
  • #11,676
  • Sep 12, 2012 1:57pm Sep 12, 2012 1:57pm
Quoting shomari
On Monday, we all post our trendscans, heatmaps, COT chart analyses, CDS prices and interesting articles analysing this weeks data. By next Tuesday, the trends will begin,so we should ALL be ready, with every tool we have at our disposals, pool them, analyse the data, then...
I like your style shomari if we lend each other our ears and eyes we should be in good shape to position ourselves for next week (or longer). If we establish a bias on a number of trending pairs, or identify the top or bottom of a market and post our analysis for others to comment on to see if they agree or disagree it will create some hot educational debates! It could become an recurring event!

Persistence overcomes resistance!

ps well done HC have a good vacation!
  • #11,677
  • Sep 12, 2012 6:05pm Sep 12, 2012 6:05pm
Quoting 4rexx
I like your style shomari if we lend each other our ears and eyes we should be in good shape to position ourselves for next week (or longer). If we establish a bias on a number of trending pairs, or identify the top or bottom of a market and post our analysis for others to comment on to see if they agree or disagree it will create some hot educational debates! It could become an recurring event!

Persistence overcomes resistance!

ps well done HC have a good vacation!
Thanks Rexx, will be relaxing soon

Here is set up for eur/nzd. looks good for long side. i might get in although I am not sure cause I am leaving soon and depending upon PA. I got stopped tonight on this one just where the last wick is.

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd.JPG Size: 234 KB


I would wait for 1.5775 to get broken for conservative entry. of course depending upon eur and tonight nzd news things can change quickly.
  • #11,678
  • Sep 12, 2012 6:06pm Sep 12, 2012 6:06pm
eur/nzd is in longer term downtrend but you never know how far this thing can go. it might be 1000 pips run or more. here is classic Hectorlike set up but different ma's.
  • #11,679
  • Sep 12, 2012 6:10pm Sep 12, 2012 6:10pm
For me it looks more like this :

Attached Image


Quoting shomari
Well gentlemen, I thought I would post a few motivational videos for you to watch over the weekend, to prepare you mentally for the slaughter we are going to visit upon the markets in the coming weeks,months, and years. But especially next week
So like in the wild theirare groupings of like animals that rule the plains and jungles and deserts.
Well here in the forex world, it is we, us, who are the alpha predators,and just like in the wild,we analyzee the heard (currency pairs) , analyse til we find the most juicy,or vulnerable one/, THEN STRIKE....
  • #11,680
  • Sep 12, 2012 9:54pm Sep 12, 2012 9:54pm
QE3 gents, how big? starting when? etc etc
Attached Image
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