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Trend Trading All Pairs

  • #11,901
  • Sep 20, 2012 3:45am Sep 20, 2012 3:45am
Quoting shomari
Today jpy usd KILLED EVERYTHING during sydney session. WHY!!!???

RISK OFF all of a sudden ?
What about QE3 ? So much for usd weakness ....this is messed up.

my thread interactions NO politics, NO religion.
Hi Shomari,
BOJ is worried about growth, well joining the rest of the advanced world as well. Intervention on the Yen is something that markets can very well predict, but this time I thought they would rather show the action in EJ rather than UJ, but nonetheless the effect has been temporary.
In the past QEs the effect on USD has always been slow and consistent, this time it was rather a Knee Jerk reaction and pushed up risk currencies to unreasonable heights. I got caught with my shorts in EU, GU and AU, well I pushed up all SLs and made them really long ones and was sure that they would come back. And sure they did. I think because of the initial reaction, USD will start improving against its counter parts in the next few days.
You can see this is the USDX charts.
I am looking to short EU again if it crosses 1.29, this would confirm don movement eyeing 1.26 or so.

GBP crossed UTL and shot up to my level of FE100 which was unusual. Re-test of UTL could make it bounce back up again eyeing 1.64, ( I am waiting to see what happens there before I close shorts and go long).

Good luck.
Find a job that you love and you dont have to work again in your life.
  • #11,902
  • Sep 20, 2012 3:52am Sep 20, 2012 3:52am
Quoting tradoholic
Hi Shomari,
BOJ is worried about growth, well joining the rest of the advanced world as well. Intervention on the Yen is something that markets can very well predict, but this time I thought they would rather show the action in EJ rather than UJ, but nonetheless the effect has been temporary.
In the past QEs the effect on USD has always been slow and consistent, this time it was rather a Knee Jerk reaction and pushed up risk currencies to unreasonable heights. I got caught with my shorts in EU, GU and AU, well I pushed up all SLs and made them really...
Great post.
I'm there with you on the e/u. But wtf? I thought QE3 would give us dollar weakness. It's almost like they ran up the commdoll prices early and now like you said we're seeing ,what, a sort of correction? Oh well, gotta take what the market gives right ?
  • #11,903
  • Sep 20, 2012 3:57am Sep 20, 2012 3:57am
Guys check out your usd and jpy crosses, ALL RETRACING NICELY TO THE M15. CLASSIC HECTOR SETUPS !!!!
  • #11,904
  • Sep 20, 2012 4:22am Sep 20, 2012 4:22am
OK lets try this again.

Just got triggered on, e/u g/u, n/j e/j and a/j short. All m15 setups with m5 triggers.

HERE'S SETUP AND TRIGGERS FOR A FEW ( THEY ALL LOOK THE SAME)
Still waiting for bpc from the g/u.
Will they actually follow through ? Only time will tell.
TP levels are the red horizantal fib expansion lines.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: trig1.gif Size: 68 KB
  • #11,905
  • Sep 20, 2012 6:51am Sep 20, 2012 6:51am
Quoting shomari
OK lets try this again.

Just got triggered on, e/u g/u, n/j e/j and a/j short. All m15 setups with m5 triggers.

HERE'S SETUP AND TRIGGERS FOR A FEW ( THEY ALL LOOK THE SAME)
Still waiting for bpc from the g/u.
Will they actually follow through ? Only time will tell.
TP levels are the red horizantal fib expansion lines.
Shorter TF looking good Shomari.. too bad, not for me..will post my setups next week, even the ones that are not 'heatmap approved '....
  • #11,906
  • Sep 20, 2012 12:10pm Sep 20, 2012 12:10pm
Gold should move higher in the next 4 hours. Otherwise this week will finish something like an inside bar which would be disappointing for all the people who bought on QE3 being announced.
Attached Image (click to enlarge)
Click to Enlarge Name: 9.20.12 XAUUSD.png Size: 43 KB
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #11,907
  • Sep 22, 2012 4:18pm Sep 22, 2012 4:18pm
Below are the weighted indexes of the majors currencies, each line is an individual currency weighted against a basket of other currencies. They will give you a general view of the present relative strength each currency. You will see groups of 3 charts; the bottom monthly chart was posted last weekend, the middle chart is the latest monthly chart and the top chart is the yearly chart of the same currencies so you can see the bigger picture.

Persistence overcomes resistance!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 220912 Analysis 1.gif Size: 56 KB
Click to Enlarge Name: 220912 Analysis 2.gif Size: 56 KB
  • #11,908
  • Edited 5:21pm Sep 22, 2012 4:35pm | Edited 5:21pm
Quote
Below are the weighted indexes of the final two majors currencies, each line is an individual currency weighted against a basket of other currencies. They will give you a general view of the present relative strength each currency. You will see groups of 3 charts; the bottom monthly chart was posted last weekend, the middle chart is the latest monthly chart and the top chart is the yearly chart of the same currencies so you can see the bigger picture.

Persistence overcomes resistance!

Final Charts!
Attached Image (click to enlarge)
Click to Enlarge Name: 220912 Analysis 3.gif Size: 55 KB
  • #11,909
  • Sep 23, 2012 4:34pm Sep 23, 2012 4:34pm
Hi Shomari,

I have been following this thread for a while, and am sure it is close to the "holy grail" I have been searching for. I have actually traded live unsuccessfully in the past and am back to demo . With all the discussion going on here, and the pofitability of most of the contributors, I am sure I am here to stay. I really like the touch of fundamentals you guys are bringing to the table, though I am still struggling to digest the relationship between all the macro economics data you have been hammering on,(CDS, COT, VIX, and heatmaps) with your continous contributions, I will catch up in no time. Please keep on the good work. Meanwhile, I am waiting earnestly on you for the way forward for the week.

Sincera
i trust my system, only my broker i distrust
  • #11,910
  • Sep 24, 2012 5:38am Sep 24, 2012 5:38am
Hi guys,
just popped in to share a couple of charts you might be interested in
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Break of daily downtrend
4hr retracement bounces of 200ma daily then breaks 4hr retracement trendline
1hr 20, 50, 200 ma's crossed and diverging
If it breaks recent low it could go nicely, I'll see what happens
Obviously I don't know if it will go lower, but I thought it might be something you might want to watch

Cheers

Lille Bror
  • #11,911
  • Sep 24, 2012 10:39am Sep 24, 2012 10:39am
Quoting shomari
Anyone seen this movie: Arbitrage with Richard Gere

great flick. there's the link below, just close all th pop ups to get to th movie. It might askfor human verification just verify, then it'll take you to the movie. Enjoy!!

http://www.vidxden.com/v7ee9oiy0n17
Wanted to see it in theaters last weekend, but showtimes already stopped at local theaters after only a week or two! Thankfully DirecTV had it on demand already.

Overall I was pretty disappointed even though it was watchable. I thought it would have much more to do with finance, trading, etc than it really did. Seemed to be just another one of those movies I've seen 100 times. Without ruining the movie, I was pretty angry at the police in that movie b/c I'm sure those types of instances happen all the time in the real world. That cop just walks away with a slap on the wrist (if that) and he'll do it again to the next helpless victim. Just an example of how we Americans are giving up our freedom in favor of a police/nanny state.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #11,912
  • Sep 25, 2012 3:00pm Sep 25, 2012 3:00pm
There is a freaking silence in the house. Shomari, skynet, zusch, where you at?
i trust my system, only my broker i distrust
  • #11,913
  • Sep 25, 2012 3:09pm Sep 25, 2012 3:09pm
Since it's so quiet here, I'll post a potential (long timeframe) setup for EURGBP.
The setup chart is W1:

http://imageshack.us/a/img812/2237/egw1.png

The trigger chart is D1:

http://imageshack.us/a/img89/4296/egd1uqgtx.png

It'll be a couple days to weeks for it to trigger IF it's going to trigger, so patience is needed for this one.

Ruben.
  • #11,914
  • Sep 25, 2012 5:16pm Sep 25, 2012 5:16pm
Another potential setup on USDJPY. The setup chart is H1. Price bounced into the 38.2% fib retracement.

http://imageshack.us/a/img96/7420/usdjpyh1.png

Trigger chart M15:

http://imageshack.us/a/img59/9670/usdjpym15.png
  • #11,915
  • Sep 25, 2012 6:06pm Sep 25, 2012 6:06pm
Amazing scenes in Spain today outside of the parliament buiding in Madrid.

25% of the workers are unemployed, which hits the under 25's particular hard. Go here to play the video. The IMF world economic outlook says that a weak recovery is likely during 2013, it looks like things are going to get much worse before it gets better.

Persistence overcomes resistance!
  • #11,916
  • Sep 25, 2012 6:15pm Sep 25, 2012 6:15pm
I am planning to trade daily pin bar on EURGBP. Do you guys think where the arrow is is a resistance?
Attached Image (click to enlarge)
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  • #11,917
  • Sep 25, 2012 7:02pm Sep 25, 2012 7:02pm
Quoting hytten
I am planning to trade daily pin bar on EURGBP. Do you guys think where the arrow is is a resistance?
Looks like a pretty valid pin bar, but monthly and weekly charts are looking pretty messy so I'm not sure if it will work.

I'm watching GBPAUD. Monthly chart setting up for further bull action.
Attached Image (click to enlarge)
Click to Enlarge Name: 9.25.12 GBPAUD 4HR.png Size: 31 KB
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #11,918
  • Sep 26, 2012 2:21am Sep 26, 2012 2:21am
Took long in EU at 1.2870 with stop at 1.2835 (Risk - 0.6%)

Target 1 : 1.2900 ( will close 80% of my trades)

Target 2 : 1.2970
Attached Image (click to enlarge)
Click to Enlarge Name: eu.JPG Size: 95 KB
Forex Learner
  • #11,919
  • Edited 4:08am Sep 26, 2012 3:11am | Edited 4:08am
Quoting rkr81
Took long in EU at 1.2870 with stop at 1.2835 (Risk - 0.6%)

Target 1 : 1.2900 ( will close 80% of my trades)

Target 2 : 1.2970
Did you check upper timeframe? We are clearly heading down to test daily support. Not saying long wouldn't work out.. just better chance if you short.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_23 Sep. 26 16.09.jpg Size: 70 KB
  • #11,920
  • Sep 26, 2012 5:30am Sep 26, 2012 5:30am
Quoting hytten
Did you check upper timeframe? We are clearly heading down to test daily support. Not saying long wouldn't work out.. just better chance if you short.
Yes thanks for that.. i closed eu with small profit.. now took short at 1.2865 with stop at 1.2890 risk 1%

Target : 1.2840 and 1.2790
Attached Image (click to enlarge)
Click to Enlarge Name: eu.JPG Size: 57 KB
Forex Learner
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