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  • #1,321
  • Jul 21, 2008 10:22am Jul 21, 2008 10:22am
Quoting BillyRayValentine
sure sounds good - I'm actually going to post links to key posts at the front of this thread when I get a couple extra minutes this week to help clear things up for newer readers; I'll post when its done.


Hey BRV,

This would surely prove very helpful to me, as I am still spending time to compile the "no-noise" posts so far. If you could be kind enough to give me some clues to some good posts. I am also thinking about including a couple of other thread members' posts as I find them extremely competent and in the spirit of the general discussion.

p.s. Sorry about that trade I posted after...guess have to double check on the rules again. However, any thread member's help with valuable posts will be appreciated. My only desire is if you guys could PM me the links to valuable posts, so that we do not clutter the main thread, as it continues to expand.

Thank you all for your participation, and above-all BRV's no brainer conception.
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #1,322
  • Jul 21, 2008 11:05am Jul 21, 2008 11:05am
Quoting BillyRayValentine
sure sounds good - I'm actually going to post links to key posts at the front of this thread when I get a couple extra minutes this week to help clear things up for newer readers; I'll post when its done.
Quote
Also, what might be most helpful to you (and what I look at the most intraday) are key futures to see where things are headed - there is a strong corrlation to be held about a number of different things and relevant currency pairs.

For example -

S&P futures up, USD/JPY up, also affecting other currencies pegged to USD but not to the magnitude (primary to oil as higher spx will push the pair harder and faster - also oil down can mean spx up, especially recently so there is a minor tug-of-war here)
Oil up, USD/CAD (big exporter) down, USD/JPY (big importer) up, hence CAD/JPY up
Gold up, AUD/USD and NZD/USD up (big producers) - USD/CHF down (but not as relevant CHF has a portion of its currency pegged to Gold)
Fed Fund futures up, USD up
etc....
US imports about half of its oil, Japan about all of it, Aussie is the worlds 3rd largest producer of gold, closely linked with New Zealand, and we all know about interest rates

hope this helps...
Thanks for following up on these! Definitely gives me more to chew on. I've become away of the JPY/spx and AUS/gold correlations, but sometimes it seems difficult to gauge which ones will move.
  • #1,323
  • Jul 21, 2008 4:01pm Jul 21, 2008 4:01pm
Quoting ozziedave
Hi BRV,

Here is a GBP long that looks interesting. Buy area 1.9936 to 1.9950.
Both of these trades paid out awesome today - nice work!
  • #1,324
  • Jul 21, 2008 4:04pm Jul 21, 2008 4:04pm
Quoting finian204rea
hey brv
do you think selling the EUR/USD at 1.5853 AND SETTING STOP LOSS AT 1.1.5905 is a good trade? cos the usd is strenghning against the eur
Hi there, sorry took me so long to get back to you had to step out for a little while today - considering the circumstances, though, I would have said no at the time of the post because eur just made a move down right through this level.....there should be another chance to sell at around 1.5948, but overall looking to establish longer term longs on the pair.
  • #1,325
  • Jul 21, 2008 4:07pm Jul 21, 2008 4:07pm
Quoting SmokeyMcPip
Hey BRV.

Hope you had a good weekend! I kinda did pick that 1.9905 GU trade out back in post 1211 a day and a half before it hit, but I guess I'd only said I'd see it as 'showing quite a bit of promise'..... It was good for a max of 80 on the first bounce (at 1.9906) and went again today for a max of 70 so far on a second strike (at 1.9907).

Anyway, still looking at Gbp/Usd.........longer term I was looking waaaaaaaay down at the 1.9595-1.9584 area for a 'no brainer' if it made it that far....would anyone else agree with that? Good S/R historically and ties in with a 76.4.

Shorter term, on the way down, I'm thinking 1.9795-1.9780, and below that 1.9712-1.9696. To the upside, still looking at 2.0094-2.0106 for a potential short....

Good hunting this coming week everybody!
oh ok, gotcha didnt see that - I had 1.9800 area marked up and I do like the 1.9595-1.9584 as well - plenty to make a lot of sense of down there. Based on today's numbers though I'm wondering when we'll see that, but you never know......I usually mark these areas up way in advance and play them as they come - usually saves me a lot of time when I dont really have it better yet I'm prepared in general way ahead of the mark.
  • #1,326
  • Jul 21, 2008 4:10pm Jul 21, 2008 4:10pm
Quoting djambazov84
Hey BRV,

This would surely prove very helpful to me, as I am still spending time to compile the "no-noise" posts so far. If you could be kind enough to give me some clues to some good posts. I am also thinking about including a couple of other thread members' posts as I find them extremely competent and in the spirit of the general discussion.

p.s. Sorry about that trade I posted after...guess have to double check on the rules again. However, any thread member's help with valuable posts will be appreciated. My only desire is if you guys could PM me the links to valuable posts, so that we do not clutter the main thread, as it continues to expand.

Thank you all for your participation, and above-all BRV's no brainer conception.
Oh no worries no need for sorries we're all helping each other out here - I'll def. let you know when I put them together.
  • #1,327
  • Edited 6:48pm Jul 21, 2008 4:54pm | Edited 6:48pm
Quoting djambazov84
Hey BRV,

This would surely prove very helpful to me, as I am still spending time to compile the "no-noise" posts so far. If you could be kind enough to give me some clues to some good posts. I am also thinking about including a couple of other thread members' posts as I find them extremely competent and in the spirit of the general discussion.

p.s. Sorry about that trade I posted after...guess have to double check on the rules again. However, any thread member's help with valuable posts will be appreciated. My only desire is if you guys could PM me the links to valuable posts, so that we do not clutter the main thread, as it continues to expand.

Thank you all for your participation, and above-all BRV's no brainer conception.

Ok all set. You can find them in the first post:

http://forexfactory.com/showthread.php?t=86429

If there are any in here you think should be on this list just shoot me a PM and I'll see about getting them on there.
  • #1,328
  • Jul 21, 2008 5:19pm Jul 21, 2008 5:19pm
Hey BRV,As for the EUR/USD, the 1.5948 that you mentioned has a confluence of resistance points (not to mention the neckline of what appears to be a Head and Shoulders pattern). I too am looking for a long term buying opp, do you see price being able to make it down to the 1.58 area again for a support bounce buy?



Glad I stumbled across this thread. Keep up the amazing work.
Jay
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  • #1,329
  • Jul 21, 2008 5:34pm Jul 21, 2008 5:34pm
Thank you very much BILLYRAYVALENTINE!

For the "Important Posts - Nuts and Bolts of the Strategy Used Here".
  • #1,330
  • Jul 21, 2008 5:51pm Jul 21, 2008 5:51pm
THANKS BILLY

  • #1,331
  • Jul 21, 2008 6:03pm Jul 21, 2008 6:03pm
BRV ,Thank You !!!!!
I started making green pips after so many red ones.
Zuzia9
  • #1,332
  • Jul 21, 2008 6:14pm Jul 21, 2008 6:14pm
Quoting pipeye
Hey BRV,As for the EUR/USD, the 1.5948 that you mentioned has a confluence of resistance points (not to mention the neckline of what appears to be a Head and Shoulders pattern). I too am looking for a long term buying opp, do you see price being able to make it down to the 1.58 area again for a support bounce buy?



Glad I stumbled across this thread. Keep up the amazing work.
Jay
Hi Jay - 1.5948 should get a reaction - thats the short term no brainer......as far as the lower move is concerned it would be a little hard to judge just now....once eur drops a little I'm going to be looking to stack on a bigger position, where, however, I'm not too sure. There is still a diagonal tl that is still intact on the 4hr (going up) so there's a possibility of that getting hit with a corresponding horizontal support line - I would watch that for probably the easiest buy-in, although these diagonal lines will usually get broken a little bit before price guns its way upwards, so look for confluence of the diagonal tl and any support levels slightly lower than it when price is about to touch it. It would be worth it for me to buy right off of it though, maybe a little early, but I wouldnt want to lose out on the possibility of a longer term move.
  • #1,333
  • Jul 21, 2008 6:18pm Jul 21, 2008 6:18pm
3X you're welcome!
  • #1,334
  • Jul 21, 2008 6:26pm Jul 21, 2008 6:26pm
would you consider the e/j at 170 still valid despite the market conditions?
  • #1,335
  • Jul 21, 2008 6:36pm Jul 21, 2008 6:36pm
Quoting rogerdoger
would you consider the e/j at 170 still valid despite the market conditions?
so far so good but again higher on the radar are the two levels I discussed earlier in case the level gets blown out. I wish I had a magic wand but unfortunately I dont. I can only say what I think - use your best judgement - I generally dont prefer EURJPY for several reasons - levels having a hard time sticking sometimes being the largest.
  • #1,336
  • Jul 21, 2008 6:50pm Jul 21, 2008 6:50pm
Quoting BillyRayValentine
Ok all set. You can find them in the first post:

http://forexfactory.com/showthread.php?t=86429

If there are any in here you think should be on this list just shoot me a PM and I'll see about getting them on there.

Looks like a very thoughtful selection and bit lengthy, which I like. I`ll put some effort in this week and try co come up with a "vision-friendly" approach

However, I think that I can keep a working .doc file to keep adding valuable stuff, since we all know....an ever-freaking-changing market like this does not follow any sort of price distribution...which reminds me, if anyone is interested in getting monthly price distribution indicator for MT4 and can successfully read it, assuming he has statistical aptitude for it, do not hesitate to speak up. I used to trade according to signals by DownRiverTrader and his dynamic pivots estimating value built around certain price levels. Results were "scaringly" accurate.

good luck all
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #1,337
  • Jul 21, 2008 6:53pm Jul 21, 2008 6:53pm
Long USD/CHF 1.0135 area

50%, strong level historically, but its countertrend....here she is:

Level been hit a lot - maybe a good scalp only if the market wants to push, maybe not - shouldnt be extremely difficult to take this one out though so careful.
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  • #1,338
  • Jul 21, 2008 6:55pm Jul 21, 2008 6:55pm
Quoting BillyRayValentine
Long USD/CHF 1.0135 area

50%, strong level historically, but its countertrend....here she is:

woah ! watch for 1.2000 I guess ?
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #1,339
  • Jul 21, 2008 6:58pm Jul 21, 2008 6:58pm
Quoting djambazov84
woah ! watch for 1.2000 I guess ?
HA! just an easy level to identify - never looking to hit them out of the park but if they go, they go.
  • #1,340
  • Jul 21, 2008 7:00pm Jul 21, 2008 7:00pm
Long USD/CHF 0.9886 area

Here's a better one. Looks good from here.
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