Trend Trading All Pairs

Ozzie, thats a very nice hit on euraud. sometimes the breakout will be so fierce that there will be no pullback whatsoever. I think we need to be a bit flexible with this bpc, so as nt to miss awesome opportunities like the one u took. i took some pips too frm eurusd yesterdayon similar reasons as yours. meanwhile be mindful of that euraud , it may be retracing anytime soon. I may be wrong though. Am still taking trades frm my fone. cheers

You must always wait for a pull back to the last support or resistance to be valid. Meanwhile, if the pullback touches one of the moving averages, without other confirmation like round number, trend lines, and most importantly support or resistance, it becomes invalid. Sorry can't post charts nw, have a laptop wit a broken screen. Cheers

Looking at a few setups, see charts below.
I am realizing I need to really keep a trading journal, to analyze my mistakes and keep track of my progress. This weekends homework!
Hope everyone's making some pips

Critical is where it is now

This is excellent. Thanks so much for taking the time to create this, it is very helpful! Hopefully this will work well for me as it does for you.

NZDUSD Daily Range= 0.8360 - 0.8408/24 Best area for Buy Position is 0.8365/75 T/P1=0.8380 T/P2=0.84.10 Sell Position = 0.8420/25 T/P=0.8405 T/P2=0.8375

Hi ozzie,i was hoping u will post some chats dis week and here u are with fantastic ones. I took some bad trades on gbpusd yesterday which eroded all profits on euraud which occured on monday. Am sure in no time i will recover the losses. Meanwhile i also noticed a nice buy setup on usdjpy yesternait, and i entered a pending buy order which is already up by 8pips,l see u are also in the same trade. lets see how it goes. Also i observed there are no round numbers on ur charts, do u usually ignore them?

I trend trade all pairs on the 4H timeframe, using only 20 and 60 period moving averages...

A typical week is a 1200 pips with a max 400 pip drawdown.. This is definitely where the $ in trading is.

I am seeing a nice H4 setup on AUDUSD, my signal would be long on close of current bar above 30 SMA. lets see how it plays out. Rosaferno, mainly look at S/R levels which often fall around Round numbers. I should pay more attention to them they are on my entry checklist.

sounds like a bad idea to play a trend, when we are in a consolidating environment on the weekly.

Yeah, it looks like we need to break out of these SR zones before the market is going to go anywhere.

EURAUD 4H chart below, a few things are lining up for a potential short. We have bounced off a weekly support zone so I think if I do get the short signal the stops and target etc will be tight. anyway lets see what happens. hope you all enjoy the weekend. I have not actually read this thread that much so thought I might start from the beginning and give it a read! I'm also working on developing a trading journal to track my bad trades and try to learn from them, as I seem to keep making similar mistakes, trade too close to news, overtrading etc, and recently (I took the AUDUSD long) forgetting to pay attention to higher timeframes (thanks Custo's for reminding me ) so with this setup I will tread carefully!!

Trigger chart is setting up

I got my laptop repaired so I can post some charts now. Right now I took a sell position on Eur/Jpy based on of breakout and a retest of support , which also conincided with the 30 MA and a big round number(120.00) . I removed the MAs to make the chart cleaner, meanwhile this position has been on for like 9hours, it has refused to move. My take profit is at 118.3 based on the daily ADR, lets see how it goes. Custos please, am available for correction...

This is another Usdcad sell setup chart, on 4hr Tf, price has retrace towards the 30MA and SR zone. I will be waiting for a bpc or 123 formation on the trigger chart which is the 30mins tf. lets see how it goes.

Another EurGbp setup chart on 4hr tf.

I closed my EJ trade earlier today since it was moving nowhere, only to come back to see itvery close to my earlier set take profit. Meanwhile my usdcad sell is still on, it had remain indecisive .....i will just leave it and let it fo whatever

Only 1 Trade this week so far, short GBPUSD based on the dailies. closed now made an ok 1.6RR
My plans for April are to only take the most optimal trades, if that mean only 1 or two (or none!) a week so be it, haha.
rosaferno, I was browsing my Charts for setups and the best one I found is also on the USDCAD!! great minds and all that. Heres my take on the potential setup, as you mentioned Im also waiting for the BPC to get in. Cheers

Most of my setups have been rubbished by the "red" news. I am still trying to grasp which of those news have serious implication on 4hr setup, but from my very naive observation, i think the rate statements, the talking heads sure have massive implications. But seriously I just want to know the red news that should be respected and those that should be ignored cos I see too many red news this days.

CHECK THIS H4 triangle, and show in H1 swing in 30 sma dynamic support