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GBP/USD, USD/CHF, USD/JPY

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  • #1,361
  • Jul 22, 2008 5:00am Jul 22, 2008 5:00am
hi BRV

how about this one? long yen at 104.87

http://i35.tinypic.com/5btst3.gif
  • #1,362
  • Jul 22, 2008 5:29am Jul 22, 2008 5:29am
Guys, short EJ 169.36

Paj
Attached Image (click to enlarge)
Click to Enlarge Name: ej 1h 22 july.gif Size: 13 KB
  • #1,363
  • Jul 22, 2008 6:18am Jul 22, 2008 6:18am
Quoting BillyRayValentine
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.
Trade was hit - not a level to be playing around with on a day like today where the move for the dollar is very much biased downwards so no recommendations on a "sticky" level here. 1.0136 was the low mark to 51 so far for only +15.
  • #1,364
  • Jul 22, 2008 6:21am Jul 22, 2008 6:21am
Quoting Poocher
Come on already...an hourly close under 169.40 and we should be off to the races!


Attachment
It used the 40 level as resistance - good continuation sign.....UJ looking pretty good as well right now for finding shorts - still early in the day but so far....
  • #1,365
  • Jul 22, 2008 6:24am Jul 22, 2008 6:24am
Quoting rogerdoger
someone already posted this, but does this qualify as a no-brainer?

the s/r level coincides with a daily fib level
what pair is this rd?
  • #1,366
  • Jul 22, 2008 6:25am Jul 22, 2008 6:25am
Quoting manistra
Scalp trade that I will enter if level is triggered
AUDUSD Short @0.9790 15 pips TP


2nd Scalp candidate:
EURCHF Long @1.6172
Again if you guys want me to track these in the perf. just let me know in the post and it shall be done.
  • #1,367
  • Jul 22, 2008 7:18am Jul 22, 2008 7:18am
Eurusd all day in 40 pip range channel. Not atractive day to trade. When i get back from work i hope to see it below that range
  • #1,368
  • Edited 6:08pm Jul 22, 2008 7:52am | Edited 6:08pm
Quoting BillyRayValentine
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.
Plosser made a comment about a rate hike that worked out very well for this trade so were up about +66 at the most here. Nice but totally unexpected.
  • #1,369
  • Jul 22, 2008 7:55am Jul 22, 2008 7:55am
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.
BRV,

Thanks very much for the summary. I am slowly working my way through it.

I remember in one of your earlier posts you spoke about the best currencies to trade this method which were, if memory serves me correctly:

GBPUSD, EURUSD, EURJPY, USDCAD, USDCHF, USDJPY and AUDUSD.

However, this information is not mentioned in your summary posts.

So I'm wondering if this is still the case i.e. are these the currencies you favour, or will you be opening up the method to other currencies as well?

Faq,
  • #1,370
  • Jul 22, 2008 8:09am Jul 22, 2008 8:09am
Hey BRV,

If the 1.5857 and 1.5835 areas get breached, would you consider the 1.5780-1.5800 area to be an absolute "no brainer" and a really good position to establish some longer term longs (purple diagonal trendline is from the daily chart connecting 06/13 - 07/07) ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 38 KB
  • #1,371
  • Edited 9:25am Jul 22, 2008 8:14am | Edited 9:25am
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
Here's another one that ended up sticking like glue for a good + hundred something pip run......easy to identify, leave the rest to Paulson.
  • #1,372
  • Jul 22, 2008 8:20am Jul 22, 2008 8:20am
Ooops! Guess I already asked you that.
  • #1,373
  • Jul 22, 2008 8:22am Jul 22, 2008 8:22am
Quoting faq123
BRV,

Thanks very much for the summary. I am slowly working my way through it.

I remember in one of your earlier posts you spoke about the best currencies to trade this method which were, if memory serves me correctly:

GBPUSD, EURUSD, EURJPY, USDCAD, USDCHF, USDJPY and AUDUSD.

However, this information is not mentioned in your summary posts.

So I'm wondering if this is still the case i.e. are these the currencies you favour, or will you be opening up the method to other currencies as well?

Faq,
Yeah as I explained these are the main ones and I keep pretty busy - I dont like the exotic crosses as much because they are in general much harder to control and provide a higher level of risk, due to the fact that the main focus is usually on the majors. Pairs like GBP/JPY get some pretty nutty price action and although the methodology works with it as well, I dont feel I'm in control over what's happening as much. I'm almost always subject to more drawdown than necessarry when I trade it in general. But its still good, I mean, just not for me personally but others go nuts over it because it can provide more pips, but I have found a little higher probability trading the others.
  • #1,374
  • Jul 22, 2008 9:18am Jul 22, 2008 9:18am
how does a long eur/usd at 1.5800 look? i'm probably expecting a bounce from there
  • #1,375
  • Jul 22, 2008 9:20am Jul 22, 2008 9:20am
Quoting rogerdoger
how does a long eur/usd at 1.5800 look? i'm probably expecting a bounce from there
Look for the diagonal tl to hit on the 4hr - 1.5830 or thereabouts around yesterday's low. could reach for 1.5800 still though.
  • #1,376
  • Edited 6:08pm Jul 22, 2008 9:55am | Edited 6:08pm
Quoting BillyRayValentine
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.
+109 pips on this in 3 hours. Thank you Mr. Plosser.

Good sell/buy zones around here in general across all the majors just a heads up - pls check your charts. Also SPX just about closed the morning gap and fading away.....could crawl a little higher though heads up.
  • #1,377
  • Jul 22, 2008 10:09am Jul 22, 2008 10:09am
Quoting BillyRayValentine
+109 pips on this in 3 hours. Thank you Henry Paulson.

Good sell/buy zones around here in general across all the majors just a heads up - pls check your charts. Also SPX just about closed the morning gap and fading away.....could crawl a little higher though heads up.
good news for usd in the equity markets yet another heads up little crazy out there today.
  • #1,378
  • Jul 22, 2008 10:12am Jul 22, 2008 10:12am
http://www.marketwatch.com/news/stor...&dist=hplatest

....
  • #1,379
  • Jul 22, 2008 10:20am Jul 22, 2008 10:20am
looks like eur/usd is heading for 1.5800, i hope every one is watching, also usd/jpy 107.35pls brv bo brokers target stop loss, if so what do you advice on mental stop loss espesially wen you are watching the market, this is bcos i was short on eur/usd from last night and immediately i got stopped out,the pair has done 120pips, iam so so so so so angry,pls advice
  • #1,380
  • Jul 22, 2008 10:22am Jul 22, 2008 10:22am
Quoting BillyRayValentine
good news for usd in the equity markets yet another heads up little crazy out there today.
Good afternoon BRV,

Do you have any specific opinions on equities? Equities shrugging off another horrific bank earnings report and rallying on a $4 drop in oil? AMEX absolutely dumping. Apple barely hanging in there. I think it's just a matter of time before another downleg. Do you think S&P 1260 will be the ceiling?
Thanks mate.
"Timing Is Everything. Really I Swear It Is"
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