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- TradeOne replied Nov 20, 2009
The volatility on this pair is quite low so I would probably go with a 50 pip stop loss allowing me to double my position size. Are you interested in a sell at 1.0150? I'm still undecided whether it's worth it with strong support at 1.0000.
Trend Trading Chart Thread
- TradeOne replied Nov 20, 2009
I'd be interested to know your opinion on the USD/CHF. The 50% Fib and downward resistance line are at around 1.2000 which is where price is currently hovering. However, there is upward sloping support at 1.0000... With 1.0000 being such a big round ...
Trend Trading Chart Thread
- TradeOne replied Nov 20, 2009
USD/CHF. AUD/CHF — I have a couple of new setups that I've been looking at. My concern about the USD/CHF is resistance at around 1.0000. Also, current price on AUD/CHF is 0.9265 which is approaching 50 pips under the support area of 0.9300...
Trend Trading Chart Thread
- TradeOne replied Nov 18, 2009
Eur/gbp, usd/cad, gbp/aud — Stopped out on the EUR/GBP for 100 pips profit. Stops on USD/CAD and GBP/AUD moved to breakeven.
Trend Trading Chart Thread
- TradeOne replied Nov 17, 2009
Thanks, I'm still in there. Volatility is quite low on this pair so I have a 50 pip trailing stop with 100 pips locked in.
Trend Trading Chart Thread
- TradeOne replied Nov 17, 2009
AUD/USD — Sounds reasonable but the strong trendline (support) is at around 9050, so maybe we should wait to see if it goes a bit lower...
Trend Trading Chart Thread
- TradeOne replied Nov 17, 2009
GBP/AUD — In short on the GBP/AUD at 1.8100...
Trend Trading Chart Thread
- TradeOne replied Nov 12, 2009
EU/GU/EG — I think I've come up with all of this because I was bored waiting for pairs to get back to a level where I can trade in the direction of the long-term trend. I do believe that trading off the shorter term trends is riskier and ...
Trend Trading Chart Thread
- TradeOne replied Nov 12, 2009
I agree that the long-term trend is up but the most recent trend on the daily chart is down. It bounced off 0.9050 (resistance line and close to 50% fib taken from the most recent swing high and low) so I entered an order to go short at 0.9000.
Trend Trading Chart Thread
- TradeOne replied Nov 12, 2009
EUR/GBP — Another interesting thing is that the EUR/GBP chart looks like a downward trend with a potential trade to go short at 0.9000. This would support the strategy I'm using on the EU and GU. Maybe I'm overanalysing but it could be ...
Trend Trading Chart Thread
- TradeOne replied Nov 12, 2009
USD/GBP — Hi Dan, thanks for the advice. This thread is a great place to learn by the way. Nice work. I took a couple of small trades on the EU and GU. I went short at 1.5000 on the EU and long on the GU at 1.6600. Prices currently stand at ...
Trend Trading Chart Thread
- TradeOne replied Nov 11, 2009
GBP/USD — Hi Dan, are you seeing this as a potential trade?
Trend Trading Chart Thread
- TradeOne replied Nov 9, 2009
USD/YEN — USD/JPY has been hanging around 89.75-90.25. I've been trying to get in at around 90.50-91.00. Looks like this one's running away from me as well...
Trend Trading Chart Thread
- TradeOne replied Nov 9, 2009
The market is at 0.7378 now so it looks like we're missing out on this one but I would go with a 100 pip trailing stop (moving it along manually) and let it ride until it gets stopped out. I think this is the way Dan would play it...
Trend Trading Chart Thread
- TradeOne replied Nov 8, 2009
NZD/USD — Hi All, I'm new here. I've found a lot of useful in this thread and I think it's time for me to post up a suggestion. Does anyone else see this as a potential setup on NZD/USD? Looking for a bounce off 0.7150 and a buy at 0.7200...
Trend Trading Chart Thread
- TradeOne replied Nov 4, 2009
From my understanding the AH can only be used when you are trading in the direction of the trend, so if you believe the bias is long then you're not supposed to use the AH. Also, I think we need to wait for price to go 50 pips past the stop loss ...
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