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  • #4,781
  • Oct 27, 2008 3:13am Oct 27, 2008 3:13am
Quoting smittens4212
BRV, I'm very surprised I missed that 1.3000 trade. Luckily I got in on a break of shorter support I drew up and still copped about 110 pips, but in hindsight it looks like there were hundreds more available. Unfortunately I wasn't able to stay awake for the break of 1.2750 and I don't like to leave trades open that I can't watch, even with stops and TPs set, but I've averaged taking about 100 pips a night. My return as of the start of last week on my account has been just over 22%, all on 'no brainers'.

You're making it too easy!

ya mon keep it going.....make it 100%
  • #4,782
  • Oct 27, 2008 3:14am Oct 27, 2008 3:14am
Quoting Inzider
Someone have the ebook link for that?
Appreciated!
Inz



Dear mister BRV! - polite enough?!

Would you elaborate on exact data your are looking for any morning to make your forcast.
As provide links where you get your info.
Ex: gold, crude price, option ?!?


And.... if you feel like, a little example how you make your logic.
Ex: crude fall, gold fall, usd will go ?....

And don't be shy about your writing addiction, i bet we all Love it, well i do!

Take care!
Inz
ALWAYS polite enough . looks like you might have gotten what you needed but anything else just post away.
  • #4,783
  • Oct 27, 2008 3:20am Oct 27, 2008 3:20am
Quoting Barak's pip
hi BRV ,

thank you for this post , I do have question concerning planning and what to expect from the market -

yesterday we saw the pairs reversing , which was expected due to OPEC oil production cuts , the closing of wall st. indices (which looks like a possible correction) - but in the last few hours we saw them returning to theire original route for the last weeks - so , it will be wise to look for tge reversal - but on the other hand the trend is so strong that there is no reason to look for something else but looking for trend continuation ...

like you can see I'm a little confused here about what to expect and how to plan , since there are talking (bloomberg ) about reversal \ correction all the time - I will love to see an example for how you planning your trading day - and how you decide from all the news and information out there which will give the direction and which are just hopes.

thanks,
Barak
Hi Barak - I think it becomes a matter of comfort after a while.....you begin to flip through charts like your mother taught you how and read between the lines in terms of what to expect.....I always do a run of SPX, Gold, Oil charts before the session and mark up big areas on those, and pay attention when they arrive. Usually today's news carries over into other markets, thats the main way to play.....Asia in the crapper, expect Europe to do the same, etc; US is usually the wild card but just read whats coming up for the session and you can usually be a good judge of what to expect...US is usually a good leader in that respect. Like Gold a week ago was building huge support; I wanted it to break, when it did, we got a huge run on USD, AUD selling, etc. These types of things.
  • #4,784
  • Oct 27, 2008 3:22am Oct 27, 2008 3:22am
Quoting Willowgal
Hi BRV,

A great post to wake up to this morning.

1. Trader sits down at the computer, turns it on, opens up market news and research
2. Digs through data, research, opinions on macro economic conditions affecting the pairs planned to trade for the day, as well as other markets that will affect those pairs
3. Makes conclusive decisions (forecasts) of the pairs planned on being traded based on intermarket cash flows, current trends, market hype fads and potential deviations from any of these
4. Write down these conclusions with references as to why they will occur

It would be valuable if you could provide an example of how you lay this out on paper to come to your conclusions for the day.

A scanned example would be an enormous help

Thanks again.

Doing my best to help out in this regards Ive been a' brainstorming will let u know.
  • #4,785
  • Oct 27, 2008 4:33am Oct 27, 2008 4:33am
Gm BRV,

I love your website! I feel I´ve learned a tremendous amount from the way you look not only at the forex market but also in terms of how to approach trading on a business level.

Arc
  • #4,786
  • Edited 5:18am Oct 27, 2008 5:04am | Edited 5:18am
Looks like a bucket on GBP/USD. BRV can you ellaborate on this a little? From what level would you consider shorting, as im completely new to this pattern?Appreaciate your support. Cheers
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  • #4,787
  • Oct 27, 2008 6:28am Oct 27, 2008 6:28am
How should I interpret the G7 statement that they will "do something" about the strength of the Yen? Any advice?
  • #4,788
  • Oct 27, 2008 6:29am Oct 27, 2008 6:29am
Quoting belekas
Looks like a bucket on GBP/USD. BRV can you ellaborate on this a little? From what level would you consider shorting, as im completely new to this pattern?Appreaciate your support. Cheers
I was looking at 1.5600 area as the safe play - was even thinking about posting it but GBP has been too volatile in the past 2 days to just leave and be - every trade Ive taken on it in the past 2 days Ive been on my toes alot. Every 5 minutes it moves another 100 pips it seems is the "norm" now .
  • #4,789
  • Oct 27, 2008 6:32am Oct 27, 2008 6:32am
Sticking right out there....if it gets passed though 96.90 and 97.20-25 are good areas as well.
Nothing surprising me lately in this market....these runs have been rediculous..
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  • #4,790
  • Oct 27, 2008 6:32am Oct 27, 2008 6:32am
Quoting Arcturius_4
Gm BRV,

I love your website! I feel I´ve learned a tremendous amount from the way you look not only at the forex market but also in terms of how to approach trading on a business level.

Arc

Good stuff! Glad to hear it....post away some good folks around here.
  • #4,791
  • Oct 27, 2008 6:34am Oct 27, 2008 6:34am
Quoting BillyRayValentine
I was looking at 1.5600 area as the safe play - was even thinking about posting it.
But isn't that from a support level, not a bucket?
  • #4,792
  • Oct 27, 2008 6:36am Oct 27, 2008 6:36am
Quoting Grath
But isn't that from a support level, not a bucket?

Yeah resistance level - need not be a bucket these happen very frequently as well. http://www.nobrainertrades.com/2008/...-examples.html
  • #4,793
  • Oct 27, 2008 6:37am Oct 27, 2008 6:37am
Quoting Grath
But isn't that from a support level, not a bucket?

Also 1.5680 has potential - just take a look at a 15 min chart
  • #4,794
  • Oct 27, 2008 6:38am Oct 27, 2008 6:38am
BRV, did you have a sell on Fiber around @ 1.2460? I just now closed it @ b/e. It is very choppy but maybe i should have given my trade a little big more time. What you think?
  • #4,795
  • Oct 27, 2008 6:41am Oct 27, 2008 6:41am
Quoting belekas
BRV, did you have a sell on Fiber around @ 1.2460? I just now closed it @ b/e. It is very choppy but maybe i should have given my trade a little big more time. What you think?
I had it marked up but I didnt take it. I was looking higher - hourly charts look they could use some breathing room to the upside and I felt it was too premature to sell it yet - could be wrong but better safe than sorry. I was looking in the 2530 area or thereabouts for a safer play - might not be over yet we'll see.
  • #4,796
  • Oct 27, 2008 6:48am Oct 27, 2008 6:48am
Quoting BillyRayValentine
I had it marked up but I didnt take it. I was looking higher - hourly charts look they could use some breathing room to the upside and I felt it was too premature to sell it yet - could be wrong but better safe than sorry. I was looking in the 2530 area or thereabouts for a safer play - might not be over yet we'll see.
Well it was good for a few pips though i closed it too early. Todays open is around .2530 area. You see local price pivot zone or from the history at this level mate?
  • #4,797
  • Oct 27, 2008 6:50am Oct 27, 2008 6:50am
Quoting belekas
Well it was good for a few pips though i closed it too early. Todays open is around .2530 area. You see local price pivot zone or from the history at this level mate?
ya mon right about there - place a horizontal line and you'll see the base pretty cleat form hr and 15 I think
  • #4,798
  • Oct 27, 2008 6:57am Oct 27, 2008 6:57am
Quoting BillyRayValentine
ya mon right about there
Yo bredren dig da jive talk
  • #4,799
  • Oct 27, 2008 6:58am Oct 27, 2008 6:58am
Quoting BillyRayValentine
ya mon right about there - place a horizontal line and you'll see the base pretty cleat form hr and 15 I think
Yes i see what you mean. We still have .2500 level to push thru if it goes higher.
  • #4,800
  • Edited 7:14am Oct 27, 2008 7:03am | Edited 7:14am
BillyRay, thanks A LOT again for sharing you knowledge and experience with us.

Those levels DO "stick". I took a trade off IB on cable today and used SR as a profit guide. Three levels were hit pretty damn accurately.

P.S. My charts are not as clean as yours, but I simply ignore the "extras" (until I need them )
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One Chart is Worth Ten Thousand Words.
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