Eur/Usd possible bucket @ 1.2637 long
BabeFX.
BabeFX.
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
DislikedYes, superb call at 12562 smittens. I only use calls like this to back up my own analysis - trade what you see not what you hear.
This thread would be much more useful if everyone returned to BRV's idea of posting significant levels before they were hit.Ignored
DislikedOk nice little bounce off 2600 on EU but Ive been focusing on Kiwi and Looney this morning... key levels 0.5250s and 2560s respectively..two 20pip scalps off the bounces..the cross posted a marginal buy for me at 6578 which I passed.. and missed 30...looking for better entry 6560s/40s
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Oil flat for 3 hours.. gold in $10 box since yesterday and s^P fut look like posting lower open..so Id suspect 2600 may be retested..
any comments?
Edit.. sorry.. forgot to say ...lots of news this afternoon so going to v careful.. LoLIgnored
DislikedBe carefull with all that high-yielders longs, major carry-trade pairs are printing new lows currently - in other words the whole thing is trending rather heavily, so s/r levels can be breached easily on freefalls (and even on spike retraces). Just doublecheck and use tight stops, s/r will rock when all this calm down.Ignored
DislikedCable could have buy orders building up the other side of 14783 for a push north later but maybe only as far as 14857Ignored
DislikedIf AUDJPY breaks through 6065 we could see a retracement from 6149 which is both a 4h s/r 61.8 Fib and intersection of a 4h TL.Ignored
Dislikedwhat do you think of playing a breakout on 60.65ish? Seems to have been touched many times. Could have orders building up on the other sides.Ignored
DislikedThat was my first thought but many of the recent breakouts have been more difficult to enter than retracements. A high SL and low target reduces the risk/reward.
Maximum pips here are 80 so a sensible SL would be 40, but I see it has just broken through 6065 and pulled back...Ignored
DislikedGood points. After thinking about it for a minute I also realized a breakout would probably not be an ideal trade. Here's a quote from Iron-Man that I've printed out and will keep near my screen.
[b]"A quick look at a 4 hr chart will tell you what kind of market you are in and thus the two plan philosophy.
If it is ranging then I can play a few bounces with tight stops.
If it is trending then I look at where price is and look for a good level for price to pull back to and get with the trend. We tend to address larger trades...Ignored
DislikedGood points. After thinking about it for a minute I also realized a breakout would probably not be an ideal trade. Here's a quote from Iron-Man that I've printed out and will keep near my screen.
"A quick look at a 4 hr chart will tell you what kind of market you are in and thus the two plan philosophy.
If it is ranging then I can play a few bounces with tight stops.
[b]If it is trending then I look at where price is and look for a good level for price to pull back to and get with the trend. We tend to address larger trades...Ignored