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No Brainer Trades

  • #7,101
  • Jan 13, 2009 6:28am Jan 13, 2009 6:28am
Quoting stewrigh
A good example is the chart I posted on Sunday of the NZDCHF.
It was then at about 6550 - its now 62.
Thats 350 pips in 2 days.
And you could have added another 100 by adding to the pb's.
Thats good....
  • #7,102
  • Jan 13, 2009 6:28am Jan 13, 2009 6:28am
Quoting Shermenator
I am an 18 year old guy so I have nothing much besides trading lol I live of trading so its a must do haha
Starting quite early...
Good luck!
  • #7,103
  • Jan 13, 2009 6:33am Jan 13, 2009 6:33am
Quoting Yohay
Starting quite early...
Good luck!
Thanks I have been trading for over a year and really enjoy it
  • #7,104
  • Jan 13, 2009 6:48am Jan 13, 2009 6:48am
Quoting Shermenator
I am an 18 year old guy so I have nothing much besides trading lol I live of trading so its a must do haha
oh you are 17 years younger than me and that means you will be a real master when you are my age ...
Starting when 18 must be very nice...Keep up the good work mate...

/kojak
  • #7,105
  • Jan 13, 2009 6:49am Jan 13, 2009 6:49am
Quoting Shermenator
Thanks I have been trading for over a year and really enjoy it
Enjoying it is good - but you won't be a trader till its boring lol!!!!
Good luck anyway
  • #7,106
  • Jan 13, 2009 6:51am Jan 13, 2009 6:51am
Quoting stewrigh
Enjoying it is good - but you won't be a trader till its boring lol!!!!
Good luck anyway

Haha cool as long as I get to use my money I make every week I am enjoing it lol
  • #7,107
  • Jan 13, 2009 10:08am Jan 13, 2009 10:08am
Alright here is somthing I am looking to aim for ...need it to retrace and then I will look for shorts its a holding trade

Attached Image (click to enlarge)
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  • #7,108
  • Jan 13, 2009 11:04am Jan 13, 2009 11:04am
Quoting Shermenator
Alright here is somthing I am looking to aim for ...need it to retrace and then I will look for shorts its a holding trade

Attachment
I really like your chart...Is that an indicator that draws the line/lines?
kojak
  • #7,109
  • Jan 13, 2009 11:11am Jan 13, 2009 11:11am
Quoting kojak
I really like your chart...Is that an indicator that draws the line/lines?
kojak
nope its all drawn manual my friend I dont believe in indicators
  • #7,110
  • Jan 13, 2009 11:29am Jan 13, 2009 11:29am
Sherm,

Is that a MLQ4 script that places that time to candle close in the upper left corner? Where can I find that one?

Thanks

SR
  • #7,111
  • Jan 13, 2009 11:43am Jan 13, 2009 11:43am
Quoting stewrigh
Enjoying it is good - but you won't be a trader till its boring lol!!!!
Good luck anyway

Dude are you ripping on my buddy sherm. I also trade against the herd. 95% Of you follow the herd of a cliff. Buy a top and sell a bottom thinking its a breakout.

I love when the herd is mobilised.

Are you one of the herd?
  • #7,112
  • Jan 13, 2009 11:48am Jan 13, 2009 11:48am
Learn support and resistance. Learn price action. All the rest is commentary.

SR
  • #7,113
  • Jan 13, 2009 12:22pm Jan 13, 2009 12:22pm
Shorts below red arrow and longs above green arrow...

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  • #7,114
  • Jan 13, 2009 12:34pm Jan 13, 2009 12:34pm
Later guys take it easy
  • #7,115
  • Jan 13, 2009 1:53pm Jan 13, 2009 1:53pm
Quoting steelhead
Dude are you ripping on my buddy sherm. I also trade against the herd. 95% Of you follow the herd of a cliff. Buy a top and sell a bottom thinking its a breakout.

I love when the herd is mobilised.

Are you one of the herd?
Hey,

If 95% of the herd are selling then guess what, that instrument will go south - fact.

Look at my post from Sunday - The reason NZDCHF dropped 350pips was because the 'herd' kept selling.

THE TRICK IS CALLING THE TOP OR BOTTOM, WHICH IS SLIGHTLY DIFFERENT FROM ALWAYS GOING AGAINST THE HERD.
  • #7,116
  • Jan 13, 2009 2:01pm Jan 13, 2009 2:01pm
A move upwards seems likely on USD/CHF. Thought I'd start adding to the thread again and post a chart.
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  • #7,117
  • Jan 13, 2009 3:10pm Jan 13, 2009 3:10pm
Quoting stewrigh
Hey,

If 95% of the herd are selling then guess what, that instrument will go south - fact.

Look at my post from Sunday - The reason NZDCHF dropped 350pips was because the 'herd' kept selling.

THE TRICK IS CALLING THE TOP OR BOTTOM, WHICH IS SLIGHTLY DIFFERENT FROM ALWAYS GOING AGAINST THE HERD.
Nice try but the herd, or retail traders dont trade a position size large enough to effect the market one bit. That is a fact.

It really isnt that hard to understand is it?
  • #7,118
  • Jan 13, 2009 3:12pm Jan 13, 2009 3:12pm
Quoting libb
A move upwards seems likely on USD/CHF. Thought I'd start adding to the thread again and post a chart.
Dont think I agree, Libb. There looks to be a lot of strong resistance to me at the 1.1250 area, going back to last Sept - Oct on the 4H chart. And its a tossup with the fundemental backdrop as both the Swissy and the Dollar are havens for risk aversion.

Good luck though. Keep your stops close.

SR
  • #7,119
  • Jan 13, 2009 3:50pm Jan 13, 2009 3:50pm
Quoting seattlerust
Dont think I agree, Libb. There looks to be a lot of strong resistance to me at the 1.1250 area, going back to last Sept - Oct on the 4H chart. And its a tossup with the fundemental backdrop as both the Swissy and the Dollar are havens for risk aversion.

Good luck though. Keep your stops close.

SR

My plan was to take half profit at 1.1250 and if it broke I would have some left for more profit. It just seemed like an obvious ascending triangle to me so I thought I'd post, criticism always welcome though.
  • #7,120
  • Jan 13, 2009 6:11pm Jan 13, 2009 6:11pm
Quoting steelhead
Dude are you ripping on my buddy sherm. I also trade against the herd. 95% Of you follow the herd of a cliff. Buy a top and sell a bottom thinking its a breakout.

I love when the herd is mobilised.

Are you one of the herd?
Is this thread turning into a B Movie script? Bring on Jimmy Cagney...LoL

BTW Nice journal SH
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