No Brainer Trades

I am not going to play with long stop because market too irrational and may as well keep the profit. can always go back in.. that is why I shift with five min candles. I am not here for days on end, but want to give myself a good chance of long trade, but not risk losing it all either. that is why I find the lines at every spot I think is a sticker work. good luck with the trade. If I think other charts are turning back, I will jump out, wait to come back up and go in at my 862 line.

I use 1 min candle to gauge if I jump out

Sounds like we have the same strategy. Good luck as well, I'm already pretty pleased with it

There is a line I would put in at 846. I am going to shift stop to above that. I know I am playing a tight game but I think line will hold unless heavy traffic, and if it doesnt I have good pips. but must watch pip spread too.Next minor stopper 812

Probably smart move, like you said, you can always get back in.

I might put lots of lines in, but as they say you can eat a whole elephant one bite at a time. I know each small line could be a turning point, and I at least inch my way along. That is how I stayed in big trade other day. Watch for hiccups and if it backs up you have max pips, if it keeps going hooley dooley. look, stopping near 812. I just love when it works to lines like this.

Looks like I got barely stopped out at 2850. I'm happy though. I'll keep my eye open for another place to hop in.

If anyone is interested, some levels on eurjpy if it continues up. I am in profit and look forward to some more pips seeing as I am still watching aussi come unto my level and didnt take it. That is what I get for talking too much. hehe. No more from me for some hours.

Thanks for the levels Tori!

Hello again,
I have been following the discussion on this thread for quite some time. The least I can say is WOW!! There are some great set-ups a trades happening in these unusual market times. Well unusual from my perspective.
Anyway, I thought I would add to the discussion by posting something on one of the pairs I have been following - AUDUSD.
Please excuse all the mess on the charts, the line are from intraday moves, hourly, 4 hourly and daily levels that have had some significance for me in the past.
I have marked a few points of interest. There was the triangle indicating some consolidation over several days, which broke up in a sharp move but didnt close outside the top. That told me that it was probably going to head south. It then broke through the bottom trendline and kept travelling.
The next place is from yesterday, when in early Europe session the last previous low was broken and a large move happened (so big even I managed to bag a few green pips).
Watching for a retrace up to 6255, possibly a nice reaction from that point, or even further up, a bounce from the previous low at around 6340.
Mind you, it is now Friday and I am hesitant to place any more trades this week. But there might be a gap in play come Monday morning.
Keep up the good work people. I learn as much from reading the posts and discussion as I do from chart-time.

All the best

This is one of my few hunts for the night....
GBPUSD shot at 1.4899.....
My stop is 20 pips and my target is 60 pips....



Very nice tears of resistance ....we have a nice 61.8 fibb being the white fibb long and we have the 38.2 fibb of the 4 hour fibb placing in a short market...very nice setup

Attachment doesn't work sherm.... EDIT, never mind. Thanks

Tori,

We have the lines close enough.
The only thing I will comment about is considering the lines on the 1H and 4H (blue with me) and try to wait for them.
If a line from a smaller time frame (orange) "developed" in to hourly then I'll turn it blue.
Another thing are lines that had a more volatile history are "harder" and by that I like them more in future. Means that the price reaction for a line that had 60 pips retrace is much better in the future then 30 pips retrace.

Suggestion: would be good to have members post their lines so we all can be "on the same page"...

Too bad I wasn't awake for usdcad. My favorite with erujpy.

[quote=libb;2366742]Attachment doesn't work sherm.... EDIT, never mind. Thanks [/q

cool...Rmeber try and take only the best setups and you will do great....I only take 2-3 setups a week since that all I find myself putting my money into ....but each winner grows account by 15 percent so I am happy....I also take longer term trades with fibbs but thats a different story

[quote=Shermenator;2366774] wow, very impressive. I like your style. Thanks for the input

Here is another short I have a sell limit looking for 60 ...

Looks good as well. You still on board for that G/U?

How deep is your SL? look like 20 pips?
If that so, isn't to narrow?
We can clearly see that price went to 1.2593...
I really would like to learn from you.

Anybody looking for short e/u @ 1.2800 if price get there??

I am looking to short eu off 609 on the basis that it has poked through my line twice and come back under, and usdchf is coming off my 1.2192 line at same time, and so if it gets weary up there I will give it a go.

Hi, Tori

Just turned on the site now. Read your take on the markets. I really respect your analysis. You sure are a fast learner. Whats your take on gbp/usd and eur/usd shorted them both recently.