No Brainer Trades | Page 164 | Forex Factory

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No Brainer Trades

  • #3,261
  • Aug 24, 2008 7:32pm Aug 24, 2008 7:32pm
Short gbp/usd 1.8416, stop 1.8572, TP 1.8010 ... small position coz I entered late. I might average around 1.8490 if it gets there.

Short aud/usd 1.8637, stop 1.8688, TP 1.8530
  • #3,262
  • Aug 24, 2008 7:33pm Aug 24, 2008 7:33pm
Quoting pj9100
Codeguru,

Your interpretation of the NBT techniques graphically is quite helpful. I am not a techie . I want to post a few charts of my s/r positions. Is there is any MT4 indicator or other easy tool to screen capture the shots quickly? Will appreciate any links.

Thanks again for enhancing the value of this thread. However, I must say I was quite disappointed that you provided a skeleton indicator without any soul.

this link should do it for you... free screen capture tool
  • #3,263
  • Aug 24, 2008 8:14pm Aug 24, 2008 8:14pm
Quoting len979
Short gbp/usd 1.8416, stop 1.8572, TP 1.8010 ... small position coz I entered late. I might average around 1.8490 if it gets there.

Short aud/usd 1.8637, stop 1.8688, TP 1.8530
What do you think of long US/CAD here? Two bullish daily bars...
  • #3,264
  • Edited 11:03pm Aug 24, 2008 9:41pm | Edited 11:03pm
Long 1.8300 - 1.8321 - Seems to have some historical weight
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 18 KB
Time hides Nothing
  • #3,265
  • Aug 24, 2008 10:29pm Aug 24, 2008 10:29pm
Hey Everybody

Just wanted to let you know I finally got around to posting some updates on the first page of the thread. I also reposted the .pdf put together by Smokey (big thanks going out again) if anyone is interested. I feel, however, I'm missing a trade. I called it quits on 8/6 or so, after this USD uptrend got nasty (and I was getting very busy in general), and just started again. If anything, the trade(s) Im missing arent going to be pretty. Just an update. Please send me a PM in regards to anything you think is out there I've overlooked. Sorry for the big delays here but again Im doing the best I can where when time allows. Thanks again all......
  • #3,266
  • Aug 24, 2008 10:35pm Aug 24, 2008 10:35pm
Quoting BillyRayValentine
Hey Everybody

Just wanted to let you know I finally got around to posting some updates on the first page of the thread. I also reposted the .pdf put together by Smokey if anyone is interested. I feel, however, I'm missing a trade. I called it quits on 8/6 or so, after this USD uptrend got nasty (and I was getting very busy in general), and just started again. If anything, the trade(s) Im missing arent going to be pretty. Just an update. Please send me a PM in regards to anything you think is out there I've overlooked. Dorry for the big delays here but again Im doing the best I can where when time allows. Thanks again all......
thanks for the update!
  • #3,267
  • Aug 25, 2008 1:59am Aug 25, 2008 1:59am
Quoting len979
Short gbp/usd 1.8416, stop 1.8572, TP 1.8010 ... small position coz I entered late. I might average around 1.8490 if it gets there.

Short aud/usd 1.8637, stop 1.8688, TP 1.8530

short aud/usd 1.8653 ... adding, same stop and TP
  • #3,268
  • Aug 25, 2008 3:59am Aug 25, 2008 3:59am
Has broken major support at 8500 and is looking to head back for a retest of the support turned resistance. Short between 8500-8520.
  • #3,269
  • Aug 25, 2008 4:09am Aug 25, 2008 4:09am
first is daily second is hourly
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP Daily break of support.gif Size: 45 KB
Click to Enlarge Name: break closer.gif Size: 11 KB
  • #3,270
  • Aug 25, 2008 4:56am Aug 25, 2008 4:56am
how confident are you with your shorts ? (GBP/USD from 8500 ?) Don't forget the evils of shadows (GBP/USD daily chart). Right now i'm long EUR/USD from 4731...first target 4780-85
  • #3,271
  • Aug 25, 2008 5:01am Aug 25, 2008 5:01am
Quoting lumesh
how confident are you with your shorts ? (GBP/USD from 8500 ?) Don't forget the evils of shadows (GBP/USD daily chart). Right now i'm long EUR/USD from 4731...first target 4780-85
What do you mean "evils of shadows?:
Time hides Nothing
  • #3,272
  • Aug 25, 2008 5:05am Aug 25, 2008 5:05am
Quoting BashBrothers
You are spot on in your thinking. I have attached a collection of articles in relation to trading these setups. The articles were written by Sam Seiden, he refers these setups as supply and demand. enjoy.
Hi Bashbrothers !

Thanks a million for these articles, which are really interesting and right on the money.

I've been doing these setups on the 15 min chart and they work very reliably.

Thanks again.

Cheers, Loudoniii
  • #3,273
  • Aug 25, 2008 5:18am Aug 25, 2008 5:18am
Quoting CindyXXXX
What do you mean "evils of shadows?:



I mean that at first it seems like price has broken to new lows on the GBP/USD but at the same time price has picked up it's strenght pretty fast as well and at the end of the day it might just leave a nasty shadow on the daily candle which was first thought to be a breakout.

Anyway about trading, i am bullish with EUR and GBP till proven otherwise (although i wouldn't take a trade on gbp/usd until 8530)....i could be wrong but it's just my 2 cents.

take care
  • #3,274
  • Aug 25, 2008 7:10am Aug 25, 2008 7:10am
Quoting lumesh
how confident are you with your shorts ? (GBP/USD from 8500 ?) Don't forget the evils of shadows (GBP/USD daily chart). Right now i'm long EUR/USD from 4731...first target 4780-85
Perfectly understood. I just trade what I see and when a strong support level is broken strongly i expect there to be a retracement to that level and then move away. However in the realms of forex and all other trade denominations anything can happen. I trade with a maximum stop loss of 30 pips. If it gets hit, too bad so sad time to look for another good trade setup.

So long as you winners outperform your losers youll make green, and in the efforts i can trade full time, then hey im my own boss. That is my goal. It may be a long tough road at first, but I trade to my strategy today. My yesterdays of trading without SLs and little regard for MM cost me an account, I have learnt from that. However in the time of losing an account, I made the mistakes that will make me a better trader.

Take care

PS and in the time of writting this I go stopped out lol
  • #3,275
  • Aug 25, 2008 7:12am Aug 25, 2008 7:12am
Whilst i was on the subject I noticed something I didnt have in my chart. The support that got broken and subsequently got retest (only to be broken again) was also at a 76.4 retrace based on the 8796-8403 range. Just as confirmation that I didnt take a trade based on S/R alone.
  • #3,276
  • Aug 25, 2008 7:35am Aug 25, 2008 7:35am
Quoting len979
Short gbp/usd 1.8416, stop 1.8572, TP 1.8010 ... small position coz I entered late. I might average around 1.8490 if it gets there.

Short aud/usd 1.8637, stop 1.8688, TP 1.8530
Short gbp/usd 1.8540 ... adding, same stop and TP. Limit order got hit a few minutes ago. I'm suprised cable ramped up this fast after breaking 1.8500 support. 4hr chart shows good resistance. This is a smallish position, that's why I have a wide stop
  • #3,277
  • Aug 25, 2008 7:53am Aug 25, 2008 7:53am
Quoting len979
Short gbp/usd 1.8416, stop 1.8572, TP 1.8010 ... small position coz I entered late. I might average around 1.8490 if it gets there.

Short aud/usd 1.8637, stop 1.8688, TP 1.8530
Closed aud/usd 1.8685 -48. I closed it manually... price closed back above trendline
  • #3,278
  • Aug 25, 2008 7:56am Aug 25, 2008 7:56am
Quoting len979
Short gbp/usd 1.8416, stop 1.8572, TP 1.8010 ... small position coz I entered late. I might average around 1.8490 if it gets there.

Short aud/usd 1.8637, stop 1.8688, TP 1.8530
Short gbp/usd 1.8544 ... adding. My average is now 1.8500.
  • #3,279
  • Aug 25, 2008 8:07am Aug 25, 2008 8:07am
Long Eur/Jpy
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyy.GIF Size: 20 KB
  • #3,280
  • Aug 25, 2008 8:17am Aug 25, 2008 8:17am
Quoting cruze2005

PS and in the time of writting this I go stopped out lol
Just athought Cruze that GU trade went 20 pips before reversing - Shouldn't you have moved your sl to BE... Just that BRV strongly recomends doing that,
Time hides Nothing
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