Trend Trading All Pairs | Page 595 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading correlation pairs by using the other pairs 843 replies

28 Pairs Trading Panel (Multi-pairs) 0 replies

Export All pairs or selected pairs to .csv with script 3 replies

Daily Bar Analysis - All Pairs/All Welcome 15 replies

Trend Trading All Currency Pairs 3 replies

Attachments: Trend Trading All Pairs
Exit Attachments

Trend Trading All Pairs

  • #11,881
  • Sep 18, 2012 4:47pm Sep 18, 2012 4:47pm
Quoting zusch
I don't need to post a chart as that is an excellent example proving my point. Look at the first 7 candles of your chart. No retrace hardly and all of them green. That is the pros signaling each other and all of them are entering accordingly. Any positions open on one of the first 4-5 days are still alive today making you mega pips while the rest of the market chases you. Could you post a monthly chart of XAGCAD with the last 20-30 candles? I don't get that pair from my broker.

zusch, if you dont mind me asking, do you have training in hard science? or quantitative fields?

the reason why i ask this is because your statement displays biased sampling....you dont get to pick which area of a chart, how many candles to the left or right...or many days to the left or right to make an argument....you dont cherry pick which area you like to make a point....if we are looking at 7 candles to reach conclusion, i too could look at 7 days of bearish action and claim that means all currency are bearish. or, i could look at 4 -5 days or 20 - 30 candles on the eurchf and say that because they are flat, therefore currencies are flat. it will be illogical to engage in selective selection like that. you dont cherry pick your data or facts to fit your conclusion.

a point is either valid or invalid.

let me try and bring it home here:

skynet: every drug has a side effect e.g every currency rallies(or drug efficacy) have pullbacks(or side effects)
zusch: some drugs do not have a side effect
skynet: post chart of penicillin showing that it has side effect on 50 people and no side effect on 200 people
zusch: see! if you only look at those 200 people(and ignore the other 50 people), you will see that penicillin doesnt have a side effect! this proves that some drug doesnt have side effects!(if you only look at 7 candles.....4-5 days...or 20- 30 candles...that prove this or that.)

with all due respect, zusch, you cant pick and choose a subsection of a chart (or subsection of penicillin data)to make an argument. you have to look at the whole chart...because you cant honestly answer what is going to happen the next day...the next day could be a rally day or a pullback day...you dont know...is tomorrow going to be a rally or pullback in EURUSD? ONLy the market gods knows for sure. everybody is just guessing.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-18_17-21_OANDA.jpg Size: 61 KB
" It may mean something. It may mean nothing at all "
  • #11,882
  • Sep 18, 2012 4:59pm Sep 18, 2012 4:59pm
Quoting Mr.Deghayes
as states eur vs jpy is to go up so im buying @sky
do you see it?
i am sorry, i dont know the answer to that question.
" It may mean something. It may mean nothing at all "
  • #11,883
  • Sep 18, 2012 5:03pm Sep 18, 2012 5:03pm
Quoting shomari
Yeah yeah, I know what you mean. Like if you try to trade an h4 setup using an m5 trigger. Too much noise. Yep yep, I get it.

How doyou put all those ovals and arrows on your posts, that's cool.
excellent. i am glad i made myself clear. i will watch arbritrage when i have the time.

i like the videos of predator hunting...please, keep them coming


Quoting mkb1272
Skynet!....great great great posts!!!! ....
most humbled, your highness. we all do our best...except for MR. CUNT-OS....who has apparently decided to be a pest.
" It may mean something. It may mean nothing at all "
  • #11,884
  • Edited 5:59pm Sep 18, 2012 5:48pm | Edited 5:59pm
Quoting Skynet
zusch, if you dont mind me asking, do you have training in hard science? or quantitative fields?
No I do not. I am a 22 year old kid with a finance degree who spends countless hours every day looking at charts and financial news. Any potential employers out there? I'm looking for a job! Do you have a background in those fields because from reading what you wrote it sure sounds like your a statistician of some sort.

Quote
the reason why i ask this is because your statement displays biased sampling....you dont get to pick which area of a chart, how many candles to the left or right...or many days to the left or right to make an argument....you dont cherry pick which area you like to make a point....if we are looking at 7 candles to reach conclusion, i too could look at 7 days of bearish action and claim that means all currency are bearish. or, i could look at 4 -5 days or 20 - 30 candles on the eurchf and say that because they are flat, therefore currencies are flat....
Every day is not a trading opportunity, therefore I do not consider every day to be part of my sample size. So yes, I can cherry pick which areas I want to make a point (or take my trades). When the big boys are trading, they position themselves correctly for ensuing trend shift with minimal risk. The big boys can't trade every day because they control too much money. When the rest of the market sees the terrific move and want to get in, (or CNBC guests basically tell the public what are their most profitable positions so the public can hop on board) things start to get messy and the move becomes more of a "random walk" in the direction of the trend.

Quote
with all due respect, zusch, you cant pick and choose a subsection of a chart (or subsection of penicillin data)to make an argument. you have to look at the whole chart...because you cant honestly answer what is going to happen the next day...the next day could be a rally day or a pullback day...you dont know...is tomorrow going to be a rally or pullback in EURUSD? ONLy the market gods knows for sure. everybody is just guessing.
First your penicillin comparison make no sense to me. I can't say with 100% confidence I know the future, but when I make a call on Twitter or on these message boards I'm pretty damn confident its going to go in my direction (and it normally does). How can I have such accuracy? Because I am not giving predictions every day. I am cherry picking when I want to trade and that is one of the secrets to trading. I always laugh at so called "experts" who analyze every single pair (or the "major" pairs) every single day. What garbage.

With your XAG/CAD monthly chart, you've got multiple down candles in a row with smaller ranges, then a small green inside bar holding a triple bottom. That was the optimal time to trade. That chart looks similar to what I am seeing is really close to XAU/USD. I wrote a good post a while back explaining why I started to focus on gold. Please read: http://www.forexfactory.com/showthre...31#post5961831
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #11,885
  • Sep 18, 2012 9:10pm Sep 18, 2012 9:10pm
Quoting shomari
I just ran the heatmap at

http://fxtrade.oanda.com/analysis/currency-heatmap

I'm going to try to post it here. Sky how do you do it I could only save the full page to my hard drive.
Another way to copy your whole screen or any portion of the screen you want is to use Printkey here very easy to use. when you load it just click on the rectangle button wait for the crosshars then left mouse click drag it over the area of the screen you want. You can save (jpg, tiff, etc) the image to file or copy and paste it into a document such as word.

Go here to see a boring guy use it start the clip at 3:32.

Persistence overcomes resistance!
  • #11,886
  • Sep 18, 2012 11:59pm Sep 18, 2012 11:59pm
skynet: a currency(of a nation) that rallies continuosly everyday doesnt exist.
zusch: a currency that rallies everyday exit.
skynet: posted a picture of xag/cad with up days and down days--proving that a currency that rallies everyday doesnt exist.
zusch: i am going to look at only 7 candles in a certain area of the chart and then reach the conclusion that a currency that rallies everyday exist.

with all due respect, zusch, your point makes no sense to me. if your point is that a currency can rally everyday within a certain period of time...who is denying that? that much is obvious. if that is the case, then you can quote 7 candles and point it out...but that is not what i stated. what i stated was: a currency(of a nation) cannot rally every single day.

i dont know how to explain myself clearer than this.

respectfully,

--skynet



Quoting zusch
No I do not. I am a 22 year old kid with a finance degree who spends countless hours every day looking at charts and financial news. Any potential employers out there? I'm looking for a job! Do you have a background in those fields because from reading what you wrote it sure sounds like your a statistician of some sort.


Every day is not a trading opportunity, therefore I do not consider every day to be part of my sample size. So yes, I can cherry pick which areas I want to make a point (or take my trades). When the big boys are trading,...
" It may mean something. It may mean nothing at all "
  • #11,887
  • Sep 19, 2012 5:10am Sep 19, 2012 5:10am
just got triggered on e/a and e/n short
WILL POST CHARTS IN A BIT
  • #11,888
  • Sep 19, 2012 6:36am Sep 19, 2012 6:36am
1week heatmap for 19th of sept 2012.

AS promised: red/pink = long ; blue = short. trend trading style.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-09-19_07-20_Currency Strength Heatmap.jpg Size: 34 KB
Click to Enlarge Name: 2012-09-19_07-21_Currency Strength Heatmap.jpg Size: 30 KB
" It may mean something. It may mean nothing at all "
  • #11,889
  • Sep 19, 2012 6:47am Sep 19, 2012 6:47am
Quoting Mr.Deghayes
so next is a long eur/jpy buy???
acording to 2 weeks and one week heat map
Quoting Mr.Deghayes
as states eur vs jpy is to go up so im buying @sky
do you see it?

just out of curiosity, i went to look at your eurjpy ..i then compared it to where it was when you posted this question. apparently it went up by +90pips before collapsing at the beginning of frankfurst session. good pips is good pips.

i am happy for you...at the same time, the reason why i said, i dont know the answer to your question is because, you cant just say that the heatmap say this or that. therefore, buy. the heatmap is a secondary confirmation tool for your technical setups.
" It may mean something. It may mean nothing at all "
  • #11,890
  • Sep 19, 2012 7:03am Sep 19, 2012 7:03am
Quoting Skynet
GBP/AUD and GBP/USD are both technically flawless....

however, AUD and GBP are pretty much neck to neck on the heatmap...on top of that, NZD and JPY are both releasing major econ news today....which will inadvertently impact AUD....on top of that, the british are also having a MPC meeting in roughly 16hours. (that...
GBP/AUD didnt complete the swing high. chart attached below.

http://www.forexfactory.com/attachme...3&d=1348056105
Quoting Skynet
......
otherwise, i will go for the GBP/USD...on the heatmap, GBP/USD is beating the beating the pants of USD...personally, i will opt for GBP/USD long....the only draw back i can see with this GBP/usd IS THE mpc...HOWEver, IF THE trade completes intraday...excellent!

thanks, shomari, for bringing GBP/USD to our attention. good work, as always.

respectfully,

skynet
the GBP/USD reached 1st profit target before the MPC news destroyed the rally in gbp/usd. CHART attached below.
http://www.forexfactory.com/attachme...2&d=1348056105
" It may mean something. It may mean nothing at all "
  • #11,891
  • Sep 19, 2012 7:25am Sep 19, 2012 7:25am
i cant really see any setups to my liking.

EUR, CHF, GBP are all affected bearishly when the MPC minutes hit. i will read it carefully later....on the other news, JPY "enhances" their asset purchase program.
" It may mean something. It may mean nothing at all "
  • #11,892
  • Sep 19, 2012 7:59am Sep 19, 2012 7:59am
Got triggered on e/n g/n e/a and g/a

Charts below.
BTW Thanks Sky for the link to that software with the labelling and stuff. I'll post charts with it once I install and figure it out.

So, for now guys here's the raw charts. Sorry about the panel format but I'm too lazy to expand each individual chart.

Enjoy !!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: su1.gif Size: 71 KB
Click to Enlarge Name: trig1.gif Size: 65 KB
  • #11,893
  • Sep 19, 2012 8:22am Sep 19, 2012 8:22am
Quoting zusch
Sometimes a currency does rally every day/every week until it eventually doesn't.
That is what I said...not that a currency will rally forever.

Quoting Skynet
Just because the heatmap shows money flow in today...does not mean that automatically means money flow in tomorrow too...otherwise, that will mean the currency rallies everyday without a pullback at all. No currencies does that. No currency rally everyday.
That is what you said. Of course no currency rallies every day, but when you see a currency rally for 7 days in a row with hardly any pullback, that is the pros signaling each other for the ensuing trend change. That is what I was getting at in my last post which you probably just skimmed then said, "I don't get it." I take a lot of time to read your posts the least you could do is read mine because honestly my last post was not that hard to comprehend.

Respectfully,
zusch
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #11,894
  • Sep 19, 2012 8:32am Sep 19, 2012 8:32am
Quoting zusch
That is what I said...not that a currency will rally forever.


That is what you said. Of course no currency rallies every day, but when you see a currency rally for 7 days in a row with hardly any pullback, that is the pros signaling each other for the ensuing trend change. That is what I was getting at in my last post which you probably just skimmed then said, "I don't get it." I take a lot of time to read your posts the least you could do is read mine because honestly my last post was not that hard to comprehend.

Respectfully,
zusch

First off the forex market is way to huge for traders to "signal" each other through price moves, not to mention, wouldn't it be alot easier to just email each other and tell each other what time to change the trend ? LOL!!! Come on man, get your head out of that conspiracy shit.

Another thing, I think you said a fewposts back that the big boys don't trade everyday cause they have too much money,or something ike that. That, my friend, is absolutely NOT TRUE, there's nno such thing as too much moey when it comes to the forex market. It 100% liquid and is big enough to accomadate ANY SIZE of trader. You're thinking more of like the stock markets where yes there is a limited amount of shares so, you just might ot be able to get as many as you want. But never are they forced to NOT trade.
  • #11,895
  • Sep 19, 2012 10:07am Sep 19, 2012 10:07am
Attached Image
  • #11,896
  • Sep 19, 2012 11:18am Sep 19, 2012 11:18am
Quoting A-game
Huh ?
  • #11,897
  • Sep 19, 2012 1:37pm Sep 19, 2012 1:37pm
Quoting shomari
Huh ?

They didn't call me yesterday about further monetary easing so I was sleeping lol.
  • #11,898
  • Sep 19, 2012 2:13pm Sep 19, 2012 2:13pm
given the current back and forth....i think it is best, if i just focus on posting setups and whatnot, rather than comment(which may inadvertently add fuel to the fire). so, i will refrain from saying anything.

anyways, here are two potential setups...everything is fine except for the evernt risk of upcoming euro and usd news later....

USD/CHF with a breakout, pullback, continuation below that line.

USD/NOK...daily/h4. classic hector style...

and i have attached a screen shot of the event risk in the way. too many of them.

and for those with the balls...less than optimal setup in terms of fundie and also heatmap(AUD/NZD short) but...if you are feeling it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-09-19_14-49_OANDA.jpg Size: 66 KB
Click to Enlarge Name: 2012-09-19_14-56_OANDA.jpg Size: 90 KB
Click to Enlarge Name: 2012-09-19_15-01_Forex Calendar @ Forex.jpg Size: 60 KB
Click to Enlarge Name: 2012-09-19_15-11_OANDA.jpg Size: 68 KB
" It may mean something. It may mean nothing at all "
  • #11,899
  • Sep 19, 2012 5:14pm Sep 19, 2012 5:14pm
Thanks Skynet. I'm pretty new to this thread, but I prefer seeing potential setups over all the mudthrowing that's going on in this thread. Thanks for the heads up on these setups.
  • #11,900
  • Sep 19, 2012 7:44pm Sep 19, 2012 7:44pm
Quoting Skynet
........
and for those with the balls...less than optimal setup in terms of fundie and also heatmap(AUD/NZD short) but...if you are feeling ithttp://www.forexfactory.com/attachme...7&d=1348081957
UPDATE CHART BELOW(the NZD positive GDP pushed the setup...i took a look at shomari's EUR/NZD short...doing well too...the NZD positive gdp news was a nice kicker.:
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-19_20-51_OANDA.jpg Size: 69 KB
" It may mean something. It may mean nothing at all "
24 traders viewing now