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Trend Trading All Pairs

  • #12,121
  • May 4, 2013 10:10pm May 4, 2013 10:10pm
This is great stuff. I had that chart up watching for the next swing down.

Here is how I am reading it. It retraced as a flag and broke out early on the 3rd. I didn't trade it as I was thinking profit taking may happen on Friday. It looks like that occurred later on the third and the swing down didn't happen.

I am thinking this could be a tradable pair again on Monday.


I also still have the AudJpy up.


(I have yet to be profitable. Sticking to demo account for now.)
  • #12,122
  • May 6, 2013 6:57am May 6, 2013 6:57am
anyone watching NZDCAD with this method?
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD.jpg Size: 67 KB
  • #12,123
  • May 6, 2013 7:00am May 6, 2013 7:00am
Quoting mike_g
anyone watching NZDCAD with this method?
I´m long from 75 since Friday, based on my own set of entry criteria though.
  • #12,124
  • May 6, 2013 7:01am May 6, 2013 7:01am
i see a very good pinbar at that level. wow!!! very wholesale price you got there @MYO.
  • #12,125
  • May 6, 2013 1:00pm May 6, 2013 1:00pm
Quoting Myo
{quote} I´m long from 75 since Friday, based on my own set of entry criteria though.
Good one bro. It is a perfect setup on the daily timeframe, it is just that its not my kind of settup, I take setup strictly on 4hr tf, I seem to have a lot of success on that timeframe. I also noticed your trendpro indicator, the one at the lower left corner on your chart, i noticed it has a the weekly component as against the one I have that only reads 5mins to daily timeframe....do you mind sharing it
i trust my system, only my broker i distrust
  • #12,126
  • Edited 2:17pm May 6, 2013 1:44pm | Edited 2:17pm
Quoting mikeinaa
I had that chart up watching for the next swing down. Here is how I am reading it. It retraced as a flag and broke out early on the 3rd. I didn't trade it as I was thinking profit taking may happen on Friday. It looks like that occurred later on the third and the swing down didn't happen. I am thinking this could be a tradable pair again on Monday.
Mike

Your analysis of the of the price action within the flag retracement pattern is on the money. Fridays typically many traders seem to take profits and switch off their trading stations for the weekend and therefore market volume and liquidity dries up. And you called it correctly as price did move today and broke out with a 123 reversal pattern where I entered again as you can see below. The trade is up about 27 pips on AUDCAD as I write, it was a Bank Holiday in London today so again less liquidity than a normal Monday, hopefully tomorrow price may continue to move.

If this link has not been posted for a while (forgive me if it has) you can see this strategy live in 177 videos:

http://www.youtube.com/user/Yaguex?feature=

If you are new to this system these videos will answer virtually every question you have and read this thread from the beginning. If you think this is for you take Hector's course and then demo or go live when you are ready. Remember it is a trending trading strategy. The markets must be trending! Then you can make money!

Persistence overcomes resistance!
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD 6.5.2013.gif Size: 100 KB
  • #12,127
  • May 6, 2013 3:20pm May 6, 2013 3:20pm
I also took the sell position on the audcad 4hr setup earlier this morning. It is up by 18pips.....I am hoping it will give out all it has by wednesday, lets see how it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: 060513 audcad trigger sell chart.png Size: 180 KB
i trust my system, only my broker i distrust
  • #12,128
  • Edited 5:05pm May 6, 2013 4:52pm | Edited 5:05pm
Quoting 4rexx
{quote} Mike Your analysis of the of the price action within the flag retracement pattern is on the money. Fridays typically many traders seem to take profits and switch off their trading stations for the weekend and therefore market volume and liquidity dries up. And you called it correctly as price did move today and broke out with a 123 reversal pattern where I entered again as you can see below. The trade is up about 27 pips on AUDCAD as I write, it was a Bank Holiday in London today so again less liquidity than a normal Monday, hopefully tomorrow...
I love the activity on the message board! Actually I did take Hector's course. Finished it a couple of weeks ago. I am trading on a demo account now. I've missed on the first few trades, but last night I entered short on audcad at 1.0365. I am up 40 fake pips at this point! It's my first good trade. I've moved sl to trail a few pips behind ranging areas.
  • #12,129
  • May 7, 2013 12:47am May 7, 2013 12:47am
Quoting mikeinaa
{quote} I love the activity on the message board! Actually I did take Hector's course. Finished it a couple of weeks ago. I am trading on a demo account now. I've missed on the first few trades, but last night I entered short on audcad at 1.0365. I am up 40 fake pips at this point! It's my first good trade. I've moved sl to trail a few pips behind ranging areas.
I work up this morning to see this set up up by 75 pips, lets see if it will spit more pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 060513 audcadmicroh4 sell trigger chart .png Size: 57 KB
i trust my system, only my broker i distrust
  • #12,130
  • May 7, 2013 12:49am May 7, 2013 12:49am
Sorry I wanted to upload this.....75pips going, lets see if ,more pips will be spitted
Attached Image (click to enlarge)
Click to Enlarge Name: 070512audcad sell.png Size: 45 KB
i trust my system, only my broker i distrust
  • #12,131
  • May 7, 2013 5:11am May 7, 2013 5:11am
AUDCAD - original tp hit at 1.0264 while I slept. +101 fake pips
  • #12,132
  • May 7, 2013 6:07am May 7, 2013 6:07am
Quoting mikeinaa
AUDCAD - original tp hit at 1.0264 while I slept. +101 fake pips
I dont have a take profit, except when I am going to be away from my system for a full day. I jst let my profit run, till i get a signal to get out, one can never know which trade will give the ultimate ROI. But for the stoploss, I dont joke with it. It feels really good having a trading system with a high Win ratio, and also a high RR....the only downside being that, there are very few setups in a month.
i trust my system, only my broker i distrust
  • #12,133
  • May 7, 2013 1:19pm May 7, 2013 1:19pm
Rosaferno, what would have kept you in this trade through the 3 up bars of the 1 hr between 1.0255 and 1.02850? If I hadn't had a tp and I was awake, I would have closed the trade around 1.0270
  • #12,134
  • May 7, 2013 3:49pm May 7, 2013 3:49pm
Quoting mikeinaa
Rosaferno, what would have kept you in this trade through the 3 up bars of the 1 hr between 1.0255 and 1.02850? If I hadn't had a tp and I was awake, I would have closed the trade around 1.0270
It is jst a minor retracement on the 4hr TF. I will get out if the candle start touching the 7sma,thats what i use to get out of trade
Attached Image (click to enlarge)
Click to Enlarge Name: audcadmicroh4running.png Size: 46 KB
i trust my system, only my broker i distrust
  • #12,135
  • May 7, 2013 9:19pm May 7, 2013 9:19pm
Quoting rosaferno
{quote} It is jst a minor retracement on the 4hr TF. I will get out if the candle start touching the 7sma,thats what i use to get out of trade {image}
Ok, I see how I was too jumpy to get out. Your right on the 4 hr it was minor. I was focusing on the trigger chart not the setup chart. I also experimented with the 7sma as the exit. It seams to work pretty well across a few charts. Thanks.
  • #12,136
  • May 8, 2013 11:57am May 8, 2013 11:57am
Quoting mikeinaa
{quote} Ok, I see how I was too jumpy to get out. Your right on the 4 hr it was minor. I was focusing on the trigger chart not the setup chart. I also experimented with the 7sma as the exit. It seams to work pretty well across a few charts. Thanks.
Thanks for the feedback. The 7sma gets me out of a loosing trade faster too, may be u should experiment across several pairs and see if there is any better modification. I have been pretty confused as regards my exits, you know a strategy is not complete without a strict exit, i jst accidently bumped on the 7sma, and it is been working pretty well. Meanwhile, I am out of the audcad trade, stalking nzdusd for now
i trust my system, only my broker i distrust
  • #12,137
  • May 8, 2013 4:58pm May 8, 2013 4:58pm
Looks like you guys have been getting some nice setups! I have been out of action for the past month as my PC had a heart attack and I have only just received my new one. I have finally got it all setup and will resume posting up some charts etc, so keep it going! there have been a few good setups this week, I took GBPAUD 4h last night for a nice move. rosaferno you said you only take 4h setups, on average how many does this give you a month?

Cheers,
  • #12,138
  • May 8, 2013 8:03pm May 8, 2013 8:03pm
Quoting OzzieMatt
Looks like you guys have been getting some nice setups! I have been out of action for the past month as my PC had a heart attack and I have only just received my new one. I have finally got it all setup and will resume posting up some charts etc, so keep it going! there have been a few good setups this week, I took GBPAUD 4h last night for a nice move. rosaferno you said you only take 4h setups, on average how many does this give you a month? Cheers,
Yes i take setups strictly on 4hr tf , it seems to align well with my psychology and my schedule cos I still work full time though on shift. I see an average of two setups per week thats because I dont take more than one setup on each currency pair at a time, and also i usually miss some nice set ups while at work.
i trust my system, only my broker i distrust
  • #12,139
  • May 9, 2013 12:16am May 9, 2013 12:16am
Did anyone noticed some pages in this thread deleted, it was already on page 809 and then suddenly it changed back to only page 607....is it that some brokers are skeeming against us, trying to delete some vital pages that should give better understanding and put some dollars on our table...anyone feel me
i trust my system, only my broker i distrust
  • #12,140
  • May 9, 2013 12:32am May 9, 2013 12:32am
Quoting rosaferno
Did anyone noticed some pages in this thread deleted, it was already on page 809 and then suddenly it changed back to only page 607....is it that some brokers are skeeming against us, trying to delete some vital pages that should give better understanding and put some dollars on our table...anyone feel me
Default posts number per page changed from 15 to 20, that's why...
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