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No Brainer Trades

  • #5,821
  • Nov 14, 2008 7:23am Nov 14, 2008 7:23am
Quoting Moxy_UK
I've closed this trade out for just a few pips. With a tight stop i don't fancy my chances if the retail sales number comes in bad, plus the S&P and DJ ESTOXX 50 future are both moving lower so not a good sign for UJ.
you don't let fear get in the way of executing your edge or some like that mark douglas said. any way your probably doing the right thing
  • #5,822
  • Nov 14, 2008 7:24am Nov 14, 2008 7:24am
Quoting Tori
I am a bit of a conspiracy theorist and believe totally in market manipulation. This weekend we have G20, to work on world economy. We also have possibility of risk aversion because of that. We also have probably thin markets as well. And to top it off there is a couple of babblers talking later. Just something to think about before you take a trade. And just my opinion of course.
Also Fridays seem to be slower in general. I shoot for smaller trades/profits on Fridays instead of big runs. Probably common knowledge.
  • #5,823
  • Nov 14, 2008 7:27am Nov 14, 2008 7:27am
Quoting Tori
I am a bit of a conspiracy theorist and believe totally in market manipulation. This weekend we have G20, to work on world economy. We also have possibility of risk aversion because of that. We also have probably thin markets as well. And to top it off there is a couple of babblers talking later. Just something to think about before you take a trade. And just my opinion of course.
I would like to here Brv's take on market manipulation. But i don't think its a major factor. For one reason the big institutions don't exactly like each other. So if one institution marking price down unnaturally some else really big will stick it to them really hard at those low levels.
  • #5,824
  • Nov 14, 2008 7:36am Nov 14, 2008 7:36am
what needed to be done got taken care of. now that yen trade can be better managed.
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  • #5,825
  • Nov 14, 2008 7:58am Nov 14, 2008 7:58am
Hi Libb
How are you? I sorry I didn't notice your reply to my request. Thank you so much for the input. I am working on the risk reward aspect....my entry points I need to work on and work on the mind......not to feel like a eternal looser........
I owe a lot to BRV method and for his teaching which has given me hope........
Thank-you so much.
I am sorry late to thankyou


Quoting libb
If you're losing money with that high of a percentage rate, just do exactly the opposite of what you're doing

Kidding. I bet you need to work on risk/reward ratio. As a newbie you see the trade go into the negative and you get nervous and close the order. Or you see it go slightly positive and do the same. If the math doesnt' work out on the risk/reward you won't make money in the long run.
BANDA333
  • #5,826
  • Edited 8:19am Nov 14, 2008 8:05am | Edited 8:19am
Quoting Guerrillawar
Brv, excellent trade done like a true general. Take a look at the dx cash your were at some serious support at around 86.15 to add further cause. One would also know to hold off on dollar longs when 87.30 previous support got smoked. I see you used a diagonal trend line. It appears you don't follow the common notion that the trend line must be tapped at least twice before you can call it a trend line, is that correct?
Yeah exactly.....3rd attempt at the line, if everything looks good I'll go for it. Anymore than 3 and it gets hairy.

By the way for whoever is listening someone left a nasty comment on the blog that I didnt go short here other wise I would have posted it ahead of time calling me a liar. These are just trade examples, not before after stuff I'm posting. I hardly post any where near all of my trades. I rejected the comment (first one ever) but just to clear that up.

Another 1 in a million type of person but just in case anyone else was wondering. Probably that guy from 2 weeks ago. .
  • #5,827
  • Nov 14, 2008 8:07am Nov 14, 2008 8:07am
Quoting BillyRayValentine
Yeah exactly.....3rd attempt at the line, if everything looks good I'll go for it. Anymore than 3 and it gets hairy.

By the way for whoever is listening someone left a comment on the blog that I didnt go short here other wise I would have posted it ahead of time calling me a liar. These are just trade examples, not before after stuff I'm posting. I hardly post any where near all of my trades. I rejected the comment (first one ever) but just to clear that up.

Hahah I read the comment saying your blog is misleading. Pretty childish. He doesn't sound like he should be trading at all.
  • #5,828
  • Nov 14, 2008 8:09am Nov 14, 2008 8:09am
Quoting kien27
Hi BRV and all of you guys showing us charts and what you see, you guys are great, i have been following this thread and im lovin it. im new and this gotta be the best. you guys are awesome just keep it up.

Thanks Kien!
  • #5,829
  • Nov 14, 2008 8:10am Nov 14, 2008 8:10am
Quoting libb
Hahah I read that comment. Pretty childish. He doesn't sound like he should be trading at all.
They come and, thankfully, quickly go, usually.
  • #5,830
  • Nov 14, 2008 8:13am Nov 14, 2008 8:13am
Quoting Tori
BRV. Do you have an opinion on the G20 meeting and its affect tonight. Do you think it will cause volatility tonight.
You know I'm interested to see whats going to happen with this one. I'm not sure sure this time around the 'meeting of the minds' here is going to have much of a massive immediate impact unless some solid resultions, or decisions are made. For the sake of my trading I'm actually hoping that it does; usually some good opportunities come out of these types of events.
  • #5,831
  • Nov 14, 2008 8:18am Nov 14, 2008 8:18am
Quoting Barak's pip
hi BRV,

in your last post you are talking about a pattern that is very common , do you reffer to the bucket , or is there something else ?

also , you are talking about the build up before that huge spike on eurusd ,
I don't really see there a build up like in other cases , can you mark it up on the chart?

thanks a lot,

Barak
Hi Barak.....I was talking about this pattern here.....hope this clears up....basically if you dont see a fade off of this level your buy stops are likely to get triggered if its pushed far enough, which seemed to be the case here.
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  • #5,832
  • Nov 14, 2008 8:38am Nov 14, 2008 8:38am
Its absurd that someone would complain about the work Brv has put into this project of his. People don't even realize that he is basically cutting years off peoples learning curve. You can't expect to read a blog or forum and just be an excellent trader. It takes at least a year of hard work if you are trading non-systematic and most likely much longer. Obviously this nut is not taking responsibility for his actions and is probably a constant loser. You should change your blog so someone anonymous can't leave a message. And w.t.f. do they expect you to run a charity here and tell every entry you take so they can ride on your coattails. The point of all this is to teach the man to fish so he can eat forever and not give him a fish so he can eat once. Or some thing like that I'm sure every one knows the quote.
  • #5,833
  • Edited 8:53am Nov 14, 2008 8:42am | Edited 8:53am
I think that yen trade of mine is a good example of live trade management if one wants to take the time to study it. It indicates that since we are trading currencies and for example not orange juice or lean hogs. We must consider what the other major pairs are doing in relation to our s&r level. And with that info ratchet down risk and adjust or stops to reflect common sense. However, there is a dilemma you can't always wait for everything to line up or you may get nothing accomplished. Surely, there must be a happy medium.
  • #5,834
  • Nov 14, 2008 8:45am Nov 14, 2008 8:45am
Quoting Guerrillawar
Brv, if got the time do you think that 99.77 is good place to close out that yen trade of mine. Its been dragging ass all mourning. This may just turn into Friday doldrums.

Just hit 97.02 real quick!
  • #5,835
  • Nov 14, 2008 8:45am Nov 14, 2008 8:45am
ye-he moxy that yen trade finally worked out. probably a good time to call it a day
  • #5,836
  • Nov 14, 2008 8:49am Nov 14, 2008 8:49am
Quoting Guerrillawar
ye-he moxy that yen trade finally worked out. probably a good time to call it a day

same here on both accounts, unless anyone see's some good setups.
  • #5,837
  • Nov 14, 2008 8:51am Nov 14, 2008 8:51am
Quoting Guerrillawar
ye-he moxy that yen trade finally worked out. probably a good time to call it a day
Congrats GW. Before you go, quick question - do you often move to B/E on your trades once in profit? I was late to the yen party, and as has happened probably about 20 times this week, moved to b/e only to have it hit and then reverse a few pips later.
  • #5,838
  • Nov 14, 2008 8:53am Nov 14, 2008 8:53am
Well I have looked for the nasty post in order to not inadvertedly chat to whoever, but I cant find it. I think I read so much I dont see half. Anyway, I would have to say my learning has improved 200 percent thanks to BRV, and I have only been here a short time. I find that people who are unable to learn, whether through ignorance, aptitude, or laziness, have no way out but to blame the teacher, otherwise they would have to blame themselves and they do not wish to take responsibility. I am calling it quits tonight because none of my planned trades are ready, and I am taking responsibility and not trading unless my criteria are met. good luck all.
  • #5,839
  • Nov 14, 2008 9:00am Nov 14, 2008 9:00am
Quoting triphop
Congrats GW. Before you go, quick question - do you often move to B/E on your trades once in profit? I was late to the yen party, and as has happened probably about 20 times this week, moved to b/e only to have it hit and then reverse a few pips later.
I'll be sticking around I don't really have a life outside of the markets on weekdays. I'll be just studying and sitting on my hands so I don't damage a good day. I'm not such a fan of the b.e. mentality unless your deep in the green minimum 50 pips. Honestly, I never new for sure if that yen trade would work all along. And then it just poped and moved in like three minutes from 96.38 to 97.02 my target. I would say the only place it was safe to move to break even was right about now or when it hit 96.76 or 97.02
  • #5,840
  • Nov 14, 2008 9:05am Nov 14, 2008 9:05am
This is one of the only bigger trades on my radar. I don't like Canadian though. And honestly I think the long trade will fail there so I would be more inclined to short that failure. However, it may be able to be played both ways if your fast
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