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No brainer fundamental trades 55 replies

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

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No Brainer Trades

Or options expiration day, I would love this long.
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Quoting finswin56
Or options expiration day, I would love this long.
Now I'm feeling pretty stupid for not taking my own trade.
100+ pips so far.
Quoting lumesh
BRV,


did you trade E/U, G/U, U/J or A/U long today ? If you did where did you get in and why long ? Anything to do with options expiry ? thanks a lot.

lumesh


one more thing: on the philly page when do you look at puts and when calls ?

Lumesh - this is what I was talking about in my earlier post by the way - hope it helps

http://www.actionforex.com/action-in...2008091960819/



.
Quoting finswin56
Now I'm feeling pretty stupid for not taking my own trade.
100+ pips so far.
We all have regrets in life. Time to move on. I caught USD/CAD hanging out with my girlfriend one time - just gotta let it go.
Quoting BillyRayValentine
We all have regrets in life. Time to move on. I caught USD/CAD hanging out with my girlfriend one time - just gotta let it go.
Quoting BillyRayValentine
Lumesh - this is what I was talking about in my earlier post by the way - hope it helps

http://www.actionforex.com/action-in...2008091960819/



.


thanks for the link BillyRay, i was looking for something like that. I was wondering what time did the Paulson announce his actions because on FF the announcment time was way later than the actual move happened...

it is very important to keep up with the news all the time, otherwise there were technically couple of levels to go short but most of those levels were rejected this time.


If i'm allowed to ask some more how do you determine the bias using COT? i was interested in that a while a ago when reading a thread here on FF that one person made his decisions based on COT with amazing results (don't know how true was that)...the thread is here if you want to check it out:

http://www.forexfactory.com/showthread.php?t=56670


He uses extreme levels in COT to predict reversals in price...


take care,

lumesh
Short at a break and retest of the diagonal downtrend line.
Possible longs at 105.83 and 105.35.
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Quoting lumesh
thanks for the link BillyRay, i was looking for something like that. I was wondering what time did the Paulson announce his actions because on FF the announcment time was way later than the actual move happened...

it is very important to keep up with the news all the time, otherwise there were technically couple of levels to go short but most of those levels were rejected this time.


If i'm allowed to ask some more how do you determine the bias using COT? i was interested in that a while a ago when reading a thread here on FF that one person made his decisions based on COT with amazing results (don't know how true was that)...the thread is here if you want to check it out:

http://www.forexfactory.com/showthread.php?t=56670


He uses extreme levels in COT to predict reversals in price...


take care,

lumesh
Hi Lumesh,

The equity markets went nuts after the short selling ban on financials - we were watching overnight CME S&P futures and the exchange actually shut down trading until the open when they hit their limit of 5%. As a result of all this buying you saw all risk-related pairs (carry pairs) basically go through the roof, taking the root pairs right along with them. At the same time we were seeing huge swings in crude, just adding to the boiling pot.

Paulson's announcement was really made the night before, and his press conference was more or less an affirmation of what was discussed the previous night, with people expecting a little more color, which actually never really came to the degree some were expecting.

In terms of the COT data, its lagging data from the week before, and extremes can definitely help determine reversals, though I dont find them incredibly accurate. Ive seen that thread you pointed at and call me a skeptic but if it seems too good to be true, well....I dunno; I havent read it in entirety but from what I have I would stay defensive. Here are some links to free cot charts:

http://www.freecotcharts.com/charts/AD.htm

http://www.timingcharts.com/

hope this helps...
When i look at the talk regarding options...when it's said that there are strikes for 106.60-75 (USD/JPY) for tomorrow and the price is trading around 106 does this have a bullish bias towards this pair ? thanks.
Short Cable 1.8461, Stop 1.8575, TP 1.8260

Short eur/usd 1.4685, Stop 1.4773, TP 1.4410

Both are swing positions
Quoting len979
Short Cable 1.8461, Stop 1.8575, TP 1.8260

Short eur/usd 1.4685, Stop 1.4773, TP 1.4410

Both are swing positions
Oops !
Never underestimate an idiot.
If we're still doing that.

USD/CAD

Long 1.0321 - 1.0294
I like the lower level better, right around the figure.

61.8 from the latest big move up, and 50% from the lows of May.
My only reservation is that oil is rocketing up, but we wouldn't be back at these levels without that, would we? lol
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this is a short squeeze in oil up to over 130!!!!! Seriously? Really?

That being said Eur is going to shatter all R on its climb back up until this gets under control. . . .

Stay away from dollar till this plateaus. . . (which btw 1.4812 looks to be holding 5 minutes after I posted this)

hopefully tomorrow we will see this relax at least retrace with the nov contract. . . . .
Quoting len979
Short Cable 1.8461, Stop 1.8575, TP 1.8260

Short eur/usd 1.4685, Stop 1.4773, TP 1.4410

Both are swing positions
Donīt worry,I did had similiar positions. Bad start of this week. Itīs happen sometimes.
Quoting lemmingboiv2
this is a short squeeze in oil up to over 130!!!!! Seriously? Really?

That being said Eur is going to shatter all R on its climb back up until this gets under control. . . .

Stay away from dollar till this plateaus. . . (which btw 1.4812 looks to be holding 5 minutes after I posted this)

hopefully tomorrow we will see this relax at least retrace with the nov contract. . . . .
I think it's safe to say that there's a bit irrational sentiment going through the market right now.
Quoting finswin56
I think it's safe to say that there's a bit irrational sentiment going through the market right now.
Yessir 100% agreed. . . one more reason to stay away or at least tread cautiously when trying to pick R against the dollar
Short USD/CAD -- 1.0410-1.0424
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So what do you think guys is going to happen with the FOREX trade now with the americans borrowing money from japanese banks?, how is it going to affect the currencies?
I am too new to be taken seriously, but I think this will signify in short time that it will make for a trend reversal with the E/U busting through 1.5 and climbing back up, not to say it will reach new highs but until the election I think that will be the trend. However with that said I think there is still alot of push and pull and that trend reversal may not happen overnight. Maybe in about a week we could be into it until the election. The election could bring new types of volatility I think. Feel free to critique this line of thought.
The way is narrow
usd/chf looks to regain ground here 1.08043 the next level of resistance that should be good for a trend friendly move....1.08992 a solid wall that no way could be penetrated
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