No Brainer Trades | Page 121 | 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

  • #2,401
  • Aug 6, 2008 12:16pm Aug 6, 2008 12:16pm
Quoting Verto
Agree to disagree? I've always wanted to say that. I'd say stay away until after interest is paid. After that I think this pair will start to be a little more reasonable. Just my 2 pesos.
The Beast reasonable?
  • #2,402
  • Aug 6, 2008 12:31pm Aug 6, 2008 12:31pm
No plug or anything but I listened to this radio show this morning and thought it was rather insightful.

August 6th 2008.
How traders deal with disappointment
http://www.traderradio.net/
  • #2,403
  • Aug 6, 2008 12:33pm Aug 6, 2008 12:33pm
one thing to consider with the gbp/jpy, daily chart has formed a rising wedge formation, which is a sign that the bulls are running out of steam and the bears are taking over, if price rises to the top trend line of this formation around the 217xx area, i believe this will be excellent territory for a short.
anyone agree?
  • #2,404
  • Aug 6, 2008 12:45pm Aug 6, 2008 12:45pm
Quoting Tulip
one thing to consider with the gbp/jpy, daily chart has formed a rising wedge formation, which is a sign that the bulls are running out of steam and the bears are taking over, if price rises to the top trend line of this formation around the 217xx area, i believe this will be excellent territory for a short.
anyone agree?
hmm, not sure I see that wedge as much as I see the pair bouncing off its rising trend line?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 37 KB
  • #2,405
  • Aug 6, 2008 12:55pm Aug 6, 2008 12:55pm
Quoting finswin56
hmm, not sure I see that wedge as much as I see the pair bouncing off its rising trend line?
i have drawn my upper trend line a little differently than that, unfortunately i cant copy my brokers charts, so im unable to post a chart here. im going to sign up to metatrader, as i believe you can copy and paste their charts.
  • #2,406
  • Aug 6, 2008 1:06pm Aug 6, 2008 1:06pm
Quoting BillyRayValentine
CAD does carry a correlation to oil due to the fact that it exports so much, particularly to the US, so pegged against the dollar that would generally mean bad news. Oil is continuing to drop and I'm watching this like a hawk. Catching this reversal up here def. not working out as planned, but I think due to the anticiapation of the level and other factors involved its worth hanging onto for a few. The exact level of the ret. was at about 1.0466. Either way I've seen it all before here so I'm just going to sit tight for the moment.

BRV,
Are you still in USDCAD SHORT entry?
  • #2,407
  • Aug 6, 2008 1:12pm Aug 6, 2008 1:12pm
Quoting deepleo
BRV,
Are you still in USDCAD SHORT entry?
im still in
  • #2,408
  • Aug 6, 2008 1:36pm Aug 6, 2008 1:36pm
Quoting rogerdoger
im still in
I'm concerned as the hourly closed above the weekly resistance 1.0464 and
it might go up and stop us and resume downward...or may go up..
  • #2,409
  • Aug 6, 2008 1:38pm Aug 6, 2008 1:38pm
Quoting rogerdoger
im still in
Attached Image (click to enlarge)
Click to Enlarge Name: !!nobrain.gif Size: 21 KB


Is it too late to join the party?
  • #2,410
  • Aug 6, 2008 1:41pm Aug 6, 2008 1:41pm
I am thinking the Eur/Jpy is a great short here essepcially going into the ECB meeting - am I crazy????
  • #2,411
  • Aug 6, 2008 1:43pm Aug 6, 2008 1:43pm
Quoting CodeMuncher
Attachment

Is it too late to join the party?
everyone is welcome. the more the merrier
  • #2,412
  • Aug 6, 2008 2:28pm Aug 6, 2008 2:28pm
Limit order... SHORT usd/jpy 109.84, stop 110.43, TP 108.64

I see some resistance at 109.92, which is double top on daily and 50% fib on weekly. Let's see if resistance holds.
That's one amazing breakout!!

108.40 - 108.50 looks like good support, but you gotta be careful as 50% fib is usually strong turning point on yen crosses
  • #2,413
  • Aug 6, 2008 2:32pm Aug 6, 2008 2:32pm
I won't be suprised if $usd makes a decent retracement from these levels. It's gone up too far too fast lately.... due for a retracement imo
  • #2,414
  • Aug 6, 2008 2:32pm Aug 6, 2008 2:32pm
Quoting len979
Limit order... SHORT usd/jpy 109.84, stop 110.43, TP 108.64

I see some resistance at 109.92, which is double top on daily and 50% fib on weekly. Let's see if resistance holds.
That's one amazing breakout!!

108.40 - 108.50 looks like good support, but you gotta be careful as 50% fib is usually strong turning point on yen crosses

nice stampede
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #2,415
  • Aug 6, 2008 2:35pm Aug 6, 2008 2:35pm
nzd/usd has good support at 0.7100 - 200ma on weekly and previous support back in feb '07
  • #2,416
  • Aug 6, 2008 2:49pm Aug 6, 2008 2:49pm
Quoting len979
nzd/usd has good support at 0.7100 - 200ma on weekly and previous support back in feb '07
Hey stop taking my shorts from 0.7665's target. 0.7105.
  • #2,417
  • Aug 6, 2008 3:32pm Aug 6, 2008 3:32pm
Quoting Verto
Very cool and interesting... something that could be helpful when you are doing your own chart analysis.



Usd/jpy short 109.90
Limit order hit. Will have to see how this plays out.
  • #2,418
  • Aug 6, 2008 3:36pm Aug 6, 2008 3:36pm
Quoting Verto
Usd/jpy short 109.90
Verto - Thanks for this call !

I'm in @ 109.80, already in profit.

Thanks for sharing.

Best wishes, Loudoniii
  • #2,419
  • Aug 6, 2008 3:49pm Aug 6, 2008 3:49pm
Quoting Pennypacker
I am thinking the Eur/Jpy is a great short here essepcially going into the ECB meeting - am I crazy????
Pennypacker - I'm with you, short @ 169.26, +10 PIPs profit so far.

EJ (EUR/JPY) seems to drop fastest of all the Yen crosses at the moment, with the underlying bearishness of the Euro to help drag down any irrational exuberance on the part of the Yen half of the cross.

It's just hit its 76.4% Fibo level of the previous rundown, @ 169.23.

I also have an S+R Resistance zone @ 169.12 and thereabouts.

Given the previous meteoric runup, and the Fibo exhaustion level - and tomorrow's forthcoming ECB rate (non-)announcement ...

... this spells good short territory to me, assuming that Wednesday's triple interest rollover shenanigans are now over.

Thanks for the call !

Cheers, Loudoniii
  • #2,420
  • Aug 6, 2008 4:16pm Aug 6, 2008 4:16pm
Attached Image (click to enlarge)
Click to Enlarge Name: !!nobrain.gif Size: 21 KB


Don't think I have traded this pair before... I'll watch.
2 traders viewing now