No Brainer Trades | Page 258 | 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

  • #5,141
  • Nov 3, 2008 3:55pm Nov 3, 2008 3:55pm
Quoting jokoko
If you really want an edge in this business just move to Sydney. I am reading Tuesday's paper while you traders in London and NY are still stuck in Monday...
No need to read. One look at my crystal ball and its allll gooooood
  • #5,142
  • Nov 3, 2008 4:55pm Nov 3, 2008 4:55pm
First thank for the guys how teach me how to attach charts.
Second, my english is not very good
third, I opened a short where the arrow is, but before 10 am (NY time) i closed it. I did it because the "ISM manufacturing" that was going to be released at that time. So my question is if you have a position and you think is a good one, what do you do when a news is going to be release? do you close it? do you leave it open?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 3nov.gif Size: 45 KB
  • #5,143
  • Nov 3, 2008 5:05pm Nov 3, 2008 5:05pm
Quoting lafedgar
First thank for the guys how teach me how to attach charts.
Second, my english is not very good
third, I opened a short where the arrow is, but before 10 am (NY time) i closed it. I did it because the \"ISM manufacturing\" that was going to be released at that time. So my question is if you have a position and you think is a good one, what do you do when a news is going to be release? do you close it? do you leave it open?
I ignore news completely and trust my chart only. Price sooner or later will get to the destination (significant technical level) that is moving towards to. I just dont enter position into the news. Just wait for the dust to settle and then look for a setup.
  • #5,144
  • Nov 3, 2008 6:44pm Nov 3, 2008 6:44pm
Quoting Marsh
Hey guys,
Where does BRV get his \"levels\" that he posts on his blog? I have been playing around in the Oanda News feature (IFR stuff) but cannot find any of this information. Anyone know where that is found?
He gets the levels from the charts... that is the point of the thread (unless I am misreading what you are asking). Check out the pdf for more info.
  • #5,145
  • Nov 3, 2008 8:49pm Nov 3, 2008 8:49pm
Quoting BillyRayValentine
I posted a video about trading breakouts; its in the middle of the homepage:

http://www.nobrainertrades.com

Have fun!
Hi BRV,

I tried to post on your blog, as a commentary under the trading breaksouts video. In essence, I stated that I viewed the breakout strategy as mutually exclusive from the support & resistance strategy. For example, it's either the price will break through or bounce off the support or resistance levels. Perhaps the best way to reconcile the two diametric philosophies is to enter after the pull-back, which would represent a temporary bounce before the price breaks through the s&r level.

How do you distinguish between a pending break-out vs. a pending bounce off the s&r levels?

Thanks,
Walt
  • #5,146
  • Nov 3, 2008 9:22pm Nov 3, 2008 9:22pm
Would reli reli appreciate if someone/anyone explain to me how the aud rate cut which will b announced in some 10 mins gonna affect aud/usd or any other currencies involved plssss....
  • #5,147
  • Nov 3, 2008 10:28pm Nov 3, 2008 10:28pm
Quoting jones247
Hi BRV,

I tried to post on your blog, as a commentary under the trading breaksouts video. In essence, I stated that I viewed the breakout strategy as mutually exclusive from the support & resistance strategy. For example, it's either the price will break through or bounce off the support or resistance levels. Perhaps the best way to reconcile the two diametric philosophies is to enter after the pull-back, which would represent a temporary bounce before the price breaks through the s&r level.

How do you distinguish between a pending break-out vs. a pending bounce off the s&r levels?

Thanks,
Walt
To make things simple for myself, I've thought of breakouts on S&R lines like this: support is a psychological level that is considered a cheap price for the currency pair given the current fundamental conditions. Resistance is overpriced given the current fundamental conditions. As psychological levels that are easily identifiable to everyone, traders (re: the big money) take note of these levels and orders are built up as per the fundamentals. Fundamentals change, but these psychological levels are still there. Let's say the fundamentals reverse (maybe stocks drop big after rebounding for a few days), and price is approaching support, which was once considered a cheap price. Now that the fundamentals have changed, big money might see a previous support level as overpriced and stack up stop orders on these levels, which powerfully drive the pair down. Assuming fundamentals stay the same, price may come back up to this level which is now considered overpriced and therefore has now become the psychological resistance level and sell orders pile on it.

So while they may require a different approach and mindset, the two are definitely strongly related, and in my personal opinion, shouldn't be considered mutually exclusive. That's how I think of it though, others may have different opinions and that's fine.

Edit: Actually, re-reading your post I may've misunderstood what you were saying. Apologies in advance if this is the case.
  • #5,148
  • Edited 11:04pm Nov 3, 2008 10:37pm | Edited 11:04pm
Looks like that USD/JPY 99.03ish I posted on Friday broke through this morning would have been a pretty good smaller trade. (I was away on vacation though)

What trade setup does everyone have their eye on for tomorrow morning?
  • #5,149
  • Nov 3, 2008 11:37pm Nov 3, 2008 11:37pm
Quoting libb

What trade setup does everyone have their eye on for tomorrow morning?
I like the look of this one... Also sitting in the middle of the fib zone of that last big move up
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 15 KB
Time hides Nothing
  • #5,150
  • Nov 3, 2008 11:58pm Nov 3, 2008 11:58pm
Quoting CindyXXXX
I like the look of this one... Also sitting in the middle of the fib zone of that last big move up
6655 max then big drop IMO. Let's see the close of the hourly candle for confirmation.
History is written by the victors.
  • #5,151
  • Nov 4, 2008 12:09am Nov 4, 2008 12:09am
Quoting Money-RX
6655 max then big drop IMO. Let's see the close of the hourly candle for confirmation.
Seems likely, an inside bar looks like its about to form.

Edit, maybe not
  • #5,152
  • Nov 4, 2008 2:08am Nov 4, 2008 2:08am
Hi everyone, just popping in....made some updates but will get around to the questions when I have some time. Bye for now!
  • #5,153
  • Nov 4, 2008 6:14am Nov 4, 2008 6:14am
mannnn.... how on earth did the AUD/USD shot up that high after the rate cut... im totally clueless...
  • #5,154
  • Nov 4, 2008 7:51am Nov 4, 2008 7:51am
Quoting Knightz
mannnn.... how on earth did the AUD/USD shot up that high after the rate cut... im totally clueless...
where do you live buddy? ;-)
the market at news time has been acting with nonsense for 6 months now...
  • #5,155
  • Nov 4, 2008 7:58am Nov 4, 2008 7:58am
Quoting Knightz
mannnn.... how on earth did the AUD/USD shot up that high after the rate cut... im totally clueless...
Check out gold futures...the aus is a commodity currency and gold had a bullish day...
  • #5,156
  • Nov 4, 2008 7:58am Nov 4, 2008 7:58am
Quoting Knightz
mannnn.... how on earth did the AUD/USD shot up that high after the rate cut... im totally clueless...
While I can't with great certainty, I've heard rumblings and discussions around the fact that the Australian housing market is 3 years ahead of the US. By that I mean the Australian housing market peaked about 2003 whereas the US was around mid/late 2006, so by the first in first out theory, Australia should emerge before the US.

Couple that with traders like decisive action and hate uncertainty, so I think that is what gave the AUD a nice jump - instead of quarter points here and there the AUD got a nice shot in the arm - at least in the short term, although I don't see them being able to escape the global consequences (financial liquidity issues, etc) and also a weakening demand for commodities in the longer term.

BRV (and everyone) - great thread, I've been following with great interest and plan to start working this into my trading toolkit over the coming weeks/months.
  • #5,157
  • Nov 4, 2008 8:34am Nov 4, 2008 8:34am
Quoting Knightz
mannnn.... how on earth did the AUD/USD shot up that high after the rate cut... im totally clueless...
Market has been very volatile... Wondering if someone makes heaps of $$
  • #5,158
  • Nov 4, 2008 8:37am Nov 4, 2008 8:37am
Guys, this eur is going up, and as usual when the retail market is starting to sell it, it will go up even further. So I think I'm a buyer till we know something abaut an election that should happen somewhere west of europe
Good luck and thank to our belovedsuperbmesmerizing Steve
  • #5,159
  • Nov 4, 2008 9:03am Nov 4, 2008 9:03am
My analysis just recently called for a sell on USDJPY. I have sold it at 99.560.
My stop is at 99.800. Any one have any thoughts why they would be bullish rather than bearish. Please demonstrate your ideas with charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1a.jpg Size: 48 KB
Click to Enlarge Name: 1b.jpg Size: 48 KB
Click to Enlarge Name: 1c.jpg Size: 59 KB
Click to Enlarge Name: 1d.jpg Size: 55 KB
  • #5,160
  • Nov 4, 2008 9:06am Nov 4, 2008 9:06am
Quoting Knightz
mannnn.... how on earth did the AUD/USD shot up that high after the rate cut... im totally clueless...
It was no big surprise.

Everyone knew it was coming the market had already priced it in days ago... Its Melbourne cup day here in Australia (Biggest horse race of the year) and everyone was calling the rate cut the safest bet in town!!!
Time hides Nothing
2 traders viewing now