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No Brainer Trades

  • #1,641
  • Jul 26, 2008 8:28pm Jul 26, 2008 8:28pm
Quoting pipeye
The 1.5800 - 1.5822 area is looking ripe for a short.
Pipeye you're becoming the master here.....there are three possible levels of reversal here on the way up....1.5783, 1.5800, and I was thinking 1.5726-30 range. The highest range I actually posted as a trade a few pages back (lines up with 50%). The higher the better, as continuation on this one has good potential after data this week.
  • #1,642
  • Edited 8:51pm Jul 26, 2008 8:34pm | Edited 8:51pm
Thanks very much for all the compliments - its good to hear that things are paying off......just keep it going and slosh around these ideas because so far we've got one thing very strange and out of the ordinary with a lot of other stuff written out there: we make money. HA! Thanks again guys .

Also keep on checking this, its free, its easy, and they're making some good cases I very much agree with lately:
http://fxtrade.oanda.com/resources/u...Strategy.shtml
  • #1,643
  • Jul 26, 2008 10:57pm Jul 26, 2008 10:57pm
Quoting BillyRayValentine
Pipeye you're becoming the master here.....there are three possible levels of reversal here on the way up....1.5783, 1.5800, and I was thinking 1.5726-30 range. The highest range I actually posted as a trade a few pages back (lines up with 50%). The higher the better, as continuation on this one has good potential after data this week.

High praise, but I think it is more like I have been masterfully taught. What do you think of the 212.60-212.85 area on the beast?
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  • #1,644
  • Jul 27, 2008 7:58am Jul 27, 2008 7:58am
Hey Guys , loving the thread , what time of the day are you doing the bulk of your trading ?? and for what duration per day ??......... New York time is fine as i can work the time difference out here in OZ ..

Cheers Chris
  • #1,645
  • Jul 27, 2008 12:01pm Jul 27, 2008 12:01pm
BRV

Do you wait till the 1 hour bar approaching support/resistance is closed to enter and then watch what the next one does?

I know you play these moves off a lower timeframe than the 1 hour chart, however if indeed you do break through the resistance point with the 1 hour bar, I'm assuming you'd be at a loss, if all you did was expet a reversal. Therefore are you monitoring price action and momentum as price approaches the sup/res to assess a bounce or a follow through?

PS I read everything, I'm just trying to confirm so to speak.

Thanks.
  • #1,646
  • Jul 27, 2008 5:31pm Jul 27, 2008 5:31pm
is anyone long a/u right now?
  • #1,647
  • Jul 27, 2008 5:33pm Jul 27, 2008 5:33pm
Quoting rogerdoger
is anyone long a/u right now?
My entry point was in .9530 to .9540 range - I am in at .9539 - I did discuss this one on an earlier post with BRV - he liked this range as it has behaved well here before. I hope it goes!
  • #1,648
  • Jul 27, 2008 5:39pm Jul 27, 2008 5:39pm
Quoting intrieri22
My entry point was in .9530 to .9540 range - I am in at .9539 - I did discuss this one on an earlier post with BRV - he liked this range as it has behaved well here before. I hope it goes!
I took a similar trade as you. Good Luck!
  • #1,649
  • Jul 27, 2008 5:41pm Jul 27, 2008 5:41pm
Quoting rogerdoger
I took a similar trade as you. Good Luck!
Where did you set your stop? I originally went 40 back - but I want to be aggressive on this one because there is so much support here and if it breaks down, it may head to .9474. What do you think?
  • #1,650
  • Jul 27, 2008 5:46pm Jul 27, 2008 5:46pm
I was trying to be a bit conservative so only did 40. I figured, if it breaks all the way down to .9475 then I can re-enter there. I don't really think that will happen though (I could be wrong though)
  • #1,651
  • Jul 27, 2008 5:51pm Jul 27, 2008 5:51pm
This is where i have my levels... any feedback is welcome...

Im hesitant to buy the Aussie here as it seems to have broken the level... however a strong close on the hour would give us a pin and lead me to believe it will hold...

Cheers,
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"If it bleeds ... we can kill it"
  • #1,652
  • Jul 27, 2008 6:15pm Jul 27, 2008 6:15pm
Quoting MMDealer
This is where i have my levels... any feedback is welcome...

Im hesitant to buy the Aussie here as it seems to have broken the level... however a strong close on the hour would give us a pin and lead me to believe it will hold...

Cheers,
I see a pin
  • #1,653
  • Jul 27, 2008 6:17pm Jul 27, 2008 6:17pm
Taken short position @ 0.9542.
Attached Image
"If it bleeds ... we can kill it"
  • #1,654
  • Jul 27, 2008 6:26pm Jul 27, 2008 6:26pm
Quoting MMDealer
Taken short position @ 0.9542.
Whats your target?
  • #1,655
  • Jul 27, 2008 6:31pm Jul 27, 2008 6:31pm
When (if) shown 24 bid i'll pull half off the table and try and run the other half down to 0.9490/95 (where ill look to get long). This would be ideal... but maybe not probable this early in the week...

PS. I would like to clarify for the benefit of the thread - this is not a no brainer trade call - just letting you guys know what im thinking...

Cheers,
"If it bleeds ... we can kill it"
  • #1,656
  • Jul 27, 2008 7:38pm Jul 27, 2008 7:38pm
Morning,

Looking at a possible bounce off support on cable @ 19840, on the daily. chart.
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  • #1,657
  • Jul 27, 2008 7:40pm Jul 27, 2008 7:40pm
this range looks like a no brainer, eur/jpy 169.60-90,wat do you see
  • #1,658
  • Jul 27, 2008 9:02pm Jul 27, 2008 9:02pm
Hi Billy Ray,

It's been a while since I've been on FF, as I got tired of hearing about systems that are constantly being optimized and using more indicators than screen space allows. I saw your thread, have been following it briefly, and it is great to see a system based on pure price.

I look forward to posting charts and analysis regularly here and making some serious scratch with the rest of you pip junkies.

THE HUN.
  • #1,659
  • Jul 27, 2008 9:05pm Jul 27, 2008 9:05pm
Quoting pastork
this range looks like a no brainer, eur/jpy 169.60-90,wat do you see
Looks like a no-brainer. I'm in two shorts.
  • #1,660
  • Jul 27, 2008 9:07pm Jul 27, 2008 9:07pm
Quoting MMDealer
Taken short position @ 0.9542.
I wanted to short so bad but it ran down to 0.9529 before I could get in. I think it should test out 0.9485 during the next 24 hours. If it gets to 0.9538+ I may short.
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