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Trend Trading All Pairs

  • #12,501
  • Jun 22, 2014 10:09pm Jun 22, 2014 10:09pm
Chienung,

I've attached a chart to explain this in 2 dimension. 1h and the 5 min. 1H trend down (purple line) however price do not just keep on falling. it will fall then back to the mean area (sma30, sma50) then down again.. when it goes down... it is following the 1H down trend..when it goes up it is following the lower time frame trend.. in this case the 5min (black line). That is reason why 1H is downtrend while 5min is uptrend. Which is why you hear many say the higher timeframe is more important.. in this case.. 1H being the higher timeframe.. the trend is down.. 5min uptrend is just a temporary small movement up to 1H confluence area.

As for which timeframe to trade is really up to you..In this case of coz you can trade the 5mins too but you have to be aware that when you reach the 1H confluence area, 1H being the higher timeframe and downtrend.. the 5min uptrend might end and follow the main 1H downtrend.

Sometimes you get a chart where 30m 1h 4h daily are all uptrend.. the rule of thumb to choose between these is go with the timeframe with the best harmonic swing.
Attached Image (click to enlarge)
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  • #12,502
  • Jun 22, 2014 11:37pm Jun 22, 2014 11:37pm
Quoting hytten
Chienung, I've attached a chart to explain this in 2 dimension. 1h and the 5 min. 1H trend down (purple line) however price do not just keep on falling. it will fall then back to the mean area (sma30, sma50) then down again.. when it goes down... it is following the 1H down trend..when it goes up it is following the lower time frame trend.. in this case the 5min (black line). That is reason why 1H is downtrend while 5min is uptrend. Which is why you hear many say the higher timeframe is more important.. in this case.. 1H being the higher timeframe.....
Thank you Hytten for your detail explaination...
  • #12,503
  • Aug 22, 2014 2:10pm Aug 22, 2014 2:10pm
gbpaud
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THERE IS NO SYSTEM
  • #12,504
  • Aug 22, 2014 2:15pm Aug 22, 2014 2:15pm
nzdjpy
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THERE IS NO SYSTEM
  • #12,505
  • Sep 1, 2014 8:16am Sep 1, 2014 8:16am
GBPCAD H4
(1) Price bouncing off 30 and 50 SMA
(2) Price bounced off 50% fib
(3) 35 pip trendline breakout

Not a picture perfect setup but let's see.

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  • #12,506
  • Edited Sep 3, 2014 5:46am Sep 2, 2014 7:49pm | Edited Sep 3, 2014 5:46am
GBPCAD H4

The pair now moved to the downside. Looks like it can do a 100 pip move. But im only speculating.

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EDIT: Pair has now moved more than 100 pips.
  • #12,507
  • Sep 2, 2014 8:57pm Sep 2, 2014 8:57pm
EURCHF H4

Slowest moving pair but it has the best looking harmonic trend at the moment IMO.

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  • #12,508
  • Sep 3, 2014 5:06am Sep 3, 2014 5:06am
Quoting ccboi1
EURCHF H4 Slowest moving pair but it has the best looking harmonic trend at the moment IMO. {image}
I personally stopped trading EURCHF since it was floored.. Just curious.. ATR 19 with a spread of 3.6pip for FXDD at least.. it is even worth the time and effort esp on H4? Just saying..
  • #12,509
  • Sep 3, 2014 5:44am Sep 3, 2014 5:44am
Quoting hytten
{quote} I personally stopped trading EURCHF since it was floored.. Just curious.. ATR 19 with a spread of 3.6pip for FXDD at least.. it is even worth the time and effort esp on H4? Just saying..
Yes, swings are small. But risk is also small. The creator of the system said to trade the best looking setups only. I'm trying to exercise my "patience" muscles.
  • #12,510
  • Sep 3, 2014 8:17am Sep 3, 2014 8:17am
Quoting ccboi1
{quote} Yes, swings are small. But risk is also small. The creator of the system said to trade the best looking setups only. I'm trying to exercise my "patience" muscles.
Good for you.. I just watched Hector's video today.. He did not consider this pair as well... Perhaps I was thinking.. having margin locked up for 19 pips.. might as well look for better opportunity elsewhere..

I guess if you are practicing your patience.. above won't matter.
  • #12,511
  • Edited 9:48pm Sep 3, 2014 7:29pm | Edited 9:48pm
loving the thread
There has never been a statue erected in honor of a critic
  • #12,512
  • Sep 3, 2014 9:09pm Sep 3, 2014 9:09pm
Quoting pip.monkey
here is the dashboard from 2013 -- it seems to need update to on the 670 build \ runs but freezes mt4 loving the thread {file}

very nasty crash, why post it ?
  • #12,513
  • Sep 3, 2014 9:24pm Sep 3, 2014 9:24pm
Quoting pip.monkey
here is the dashboard from 2013 -- it seems to need update to on the 670 build \ runs but freezes mt4 loving the thread {file}
Gosh you must have gotten it free and thought it was released last year. I got that version back in 2008 when I bought the course.. I think it was released much earlier because I did not even received any support after I purchased the course. Another new version was released after Hector repackaged the course in 2010.
  • #12,514
  • Sep 3, 2014 9:40pm Sep 3, 2014 9:40pm
Quoting hytten
{quote} Gosh you must have gotten it free and thought it was released last year. I got that version back in 2008 when I bought the course.. I think it was released much earlier because I did not even received any support after I purchased the course. Another new version was released after Hector repackaged the course in 2010.
ok thanks -- I think its better just to search by eye == good pips
There has never been a statue erected in honor of a critic
  • #12,515
  • Sep 3, 2014 9:43pm Sep 3, 2014 9:43pm
Quoting IveGotQuads
{quote} very nasty crash, why post it ?
sorry-- i removed it
There has never been a statue erected in honor of a critic
  • #12,516
  • Sep 3, 2014 9:53pm Sep 3, 2014 9:53pm
here is something nzdusd 1H
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There has never been a statue erected in honor of a critic
  • #12,517
  • Sep 3, 2014 10:05pm Sep 3, 2014 10:05pm
Quoting pip.monkey
{quote} ok thanks -- I think its better just to search by eye == good pips
Fresh from the oven.. Good luck
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  • #12,518
  • Sep 3, 2014 10:30pm Sep 3, 2014 10:30pm
Quoting hytten
{quote} Fresh from the oven.. Good luck {image}
Cool finally that ET translator I have been praying for-- thanks man
There has never been a statue erected in honor of a critic
  • #12,519
  • Sep 3, 2014 10:38pm Sep 3, 2014 10:38pm
Quoting pip.monkey
{quote} Cool finally that ET translator I have been praying for-- thanks man
http://www.forexfactory.com/showthread.php?p=6698447
  • #12,520
  • Sep 3, 2014 11:52pm Sep 3, 2014 11:52pm
euro 4H
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There has never been a statue erected in honor of a critic
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