No Brainer Trades | Page 115 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD, USD/CHF, USD/JPY

Similar Threads

No brainer fundamental trades 55 replies

This time... I'm Keeping MY MONEY (BRV - No Brainer Trades) 3 replies

The Koala System (No brainer) 127 replies

EUR/GBP SHORT for No Brainer 67 replies

Selling USD and YEN is a no brainer. 12 replies

Attachments: No Brainer Trades
Exit Attachments

No Brainer Trades

  • #2,281
  • Aug 5, 2008 1:03pm Aug 5, 2008 1:03pm
We're going to see a huge EUR rally--my thoughts
  • #2,282
  • Aug 5, 2008 1:03pm Aug 5, 2008 1:03pm
Thank you so much for the input kimmy........... Happy trading
Thankx a lot


Quoting kimmy
hi Banda

i really sympathize......been there before too

usdcad certainly looks like it has some more upside to it.......
one thought would be for you to close your trade and accept the loss.......noone can possibly tell you what is going to happen after the FOMC....then once price has moved up at least 20-25 pips from where you closed......... re enter a market order to short in the same place that you closed. This way you have cut your losses shorter and then you re enter the market when price comes back down again .....which it will at some point.....and then you will also recover those losses too.

just a suggestion

good luck !!

cheers
BANDA333
  • #2,283
  • Aug 5, 2008 1:14pm Aug 5, 2008 1:14pm
FOMC - rates on hold... But I see dollar weakness for the next few hours/days. Oil has hit support and is consolidating at the moment. Cable has produced 2 bullish H4 pin bars which look like it's hit the brakes hard.
USD CAD has a similar H4 pin bar scenario and I would be very surprised to see that break 55
Gone to a better place
  • #2,284
  • Aug 5, 2008 1:16pm Aug 5, 2008 1:16pm
FED: FOMC left FF rate unch at 2%, 1-pg statement says labor mkts have
softened further; tight credit & energy to weigh on growth. Bal of risks
keeps upside risks to inflation & downside risks to growth but is more
symmetrical (no bias). Outlook still expects inflation to moderate tho
this is uncertain, and growth to rebound to 'moderate' pace due to
prior easing and liquidity steps. Vote: 10-1 with Fisher dissenting for
an unspecified rate hike (both departing Mishkin and new member Duke
with the majority, as were Presidents Plosser & Stern). Remains to be
seen if this outlook plays out.
  • #2,285
  • Aug 5, 2008 1:16pm Aug 5, 2008 1:16pm
I think what we just saw in the last 1 minute is exactly why we should not trade during newstime
  • #2,286
  • Aug 5, 2008 1:19pm Aug 5, 2008 1:19pm
short usd/cad 1.0426, stop 1.0513, TP 1.0326 ... small position
  • #2,287
  • Aug 5, 2008 1:21pm Aug 5, 2008 1:21pm
Gotta step out for a break. I'll be back for euro session
  • #2,288
  • Aug 5, 2008 1:31pm Aug 5, 2008 1:31pm
Hey len
Thank you very much joining with $/CAD short ......now bit feel better.....when a good trade like you ....follow suite

Ty buddy


Quoting len979
short usd/cad 1.0426, stop 1.0513, TP 1.0326 ... small position
BANDA333
  • #2,289
  • Aug 5, 2008 2:46pm Aug 5, 2008 2:46pm
Quoting len979
SHORT gbp/jpy 211.90 - 212.20, stop 212.56, TP 210.80
Nice level; should be good for something.
  • #2,290
  • Aug 5, 2008 3:05pm Aug 5, 2008 3:05pm
Quoting seesaw
We're going to see a huge EUR rally--my thoughts
I'm new to the thread, and have been studying the pdf of BRV's NBTs. (Thank You BRV, btw) I've attached a chart where I believe major support is located, and I've looked down from daily, and cannot find a NBT reason to be long EURUSD. Given the material in the pdf, I would be inclined to short a retracement from current levels, when an intermediate resistance point is tested, (brown rectangle).

If I'm off base with my analysis, perhaps someone could enlighten me?

First chart is daily, SlateGray rectangles support, 2nd chart is 4hr.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScreenHunter_11 Aug. 05 15.54.gif Size: 18 KB
Click to Enlarge Name: ScreenHunter_12 Aug. 05 15.59.gif Size: 16 KB
  • #2,291
  • Aug 5, 2008 3:41pm Aug 5, 2008 3:41pm
Attached Image (click to enlarge)
Click to Enlarge Name: !!nobrain.gif Size: 15 KB


I was reading the PDF that was posted and got an idea!

Look back over X bars and count how many times the current price was a high or a low. If zero, then this is not a support or resistance level. If above zero, then it is. The higher the count, the stronger the level.
  • #2,292
  • Aug 5, 2008 4:01pm Aug 5, 2008 4:01pm
Quoting BillyRayValentine
Nice level; should be good for something.
gbpjpy

2 s/r points... hourly close, 211.58 closed above, 211.97 next resistance...

nicely spotted Len.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_14 Aug. 05 16.42.gif Size: 8 KB
  • #2,293
  • Aug 5, 2008 4:03pm Aug 5, 2008 4:03pm
Quoting fxid10t
gbpjpy

2 s/r points... hourly close, 211.58 closed above, 211.97 next resistance...

nicely spotted Len.
I have an order for this one too
  • #2,294
  • Aug 5, 2008 5:01pm Aug 5, 2008 5:01pm
Attached Image (click to enlarge)
Click to Enlarge Name: !!nobrain.gif Size: 21 KB


Could this be support for the EURUSD...

Over the last 1920 hours, it was a high(resistance) 4 times and a low(support) 7 times.
  • #2,295
  • Aug 5, 2008 5:04pm Aug 5, 2008 5:04pm
Quoting rogerdoger
I have an order for this one too

GBPJPY 11 hits here.
Attached Image (click to enlarge)
Click to Enlarge Name: !!nobrain.gif Size: 23 KB
  • #2,296
  • Aug 5, 2008 5:15pm Aug 5, 2008 5:15pm
Action Forex, give you significant support and resistance for each currency pair on there technical outlook page, maybe worth a look for anybody struggling to find the s/r levels
Tom(uk)
  • #2,297
  • Edited 11:52pm Aug 5, 2008 6:23pm | Edited 11:52pm
Attached Image (click to enlarge)
Click to Enlarge Name: !!nobrain.gif Size: 26 KB


Still reading the PDF... something about watching the ticks.... isn't that Time/Sales?

Note price up from my last post.

Edit 9:52pm: Price at 212.03 right now.
  • #2,298
  • Aug 5, 2008 6:36pm Aug 5, 2008 6:36pm
Quoting fxid10t
I'm new to the thread, and have been studying the pdf of BRV's NBTs. (Thank You BRV, btw) I've attached a chart where I believe major support is located, and I've looked down from daily, and cannot find a NBT reason to be long EURUSD. Given the material in the pdf, I would be inclined to short a retracement from current levels, when an intermediate resistance point is tested, (brown rectangle).

If I'm off base with my analysis, perhaps someone could enlighten me?

First chart is daily, SlateGray rectangles support, 2nd chart is 4hr.
Your picture is cut off a bit, but if you're looking at 1.5515-1.5522 range, then that's exactly where I'm targeting a short. Also, I'll add to the position up to 1.5565.
  • #2,299
  • Aug 5, 2008 7:51pm Aug 5, 2008 7:51pm
Quoting finswin56
Your picture is cut off a bit, but if you're looking at 1.5515-1.5522 range, then that's exactly where I'm targeting a short. Also, I'll add to the position up to 1.5565.
The final qualifier would be the news at that period...
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_15 Aug. 05 20.45.gif Size: 13 KB
  • #2,300
  • Aug 5, 2008 8:02pm Aug 5, 2008 8:02pm
perhaps another shorting opportunity...
Attached Image
10 traders viewing now