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No Brainer Trades

  • #7,241
  • Jan 15, 2009 7:24pm Jan 15, 2009 7:24pm
Forgot about this one
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  • #7,242
  • Jan 15, 2009 8:00pm Jan 15, 2009 8:00pm
possible short at 38% retracement

not sure if hold or scalp

Thomas
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  • #7,243
  • Jan 15, 2009 8:01pm Jan 15, 2009 8:01pm
Quoting tdeu
possible short at 38% retracement

not sure if hold or scalp

Thomas


Scalp
  • #7,244
  • Jan 15, 2009 8:03pm Jan 15, 2009 8:03pm
Thanks

what time zone are you sitting in

T. (GMT+12)

Quoting Shermenator
Scalp
  • #7,245
  • Jan 15, 2009 8:05pm Jan 15, 2009 8:05pm
Quoting tdeu
Thanks

what time zone are you sitting in

T. (GMT+12)
Eastern time...its also a bitt to early to get in the market my friend .....I would stay a bitt away if whanting to throw a limit order....
  • #7,246
  • Jan 15, 2009 8:35pm Jan 15, 2009 8:35pm
Quoting Shermenator
Eastern time...its also a bitt to early to get in the market my friend .....I would stay a bitt away if whanting to throw a limit order....
What hours do you prefer to trade? I didn't realize this system was dependent upon trading specific sessions.

I was eyeing this same trade.
  • #7,247
  • Jan 15, 2009 8:49pm Jan 15, 2009 8:49pm
Quoting DocPMD
What hours do you prefer to trade? I didn't realize this system was dependent upon trading specific sessions.

I was eyeing this same trade.
You see no matter what system you trade the market is the market and it moves during high volume times and not around what we whant.....simply trade when the odds of winning are more on your side...this is something very hard to do when someone is new forex since they have the mindset that this is 24 hours and the market is always ready to give money but thats not true. Dont do the typical retail trade errors and trading will be easy and fun.
  • #7,248
  • Jan 15, 2009 8:50pm Jan 15, 2009 8:50pm
Quoting Siam
Morning



Thanks to Mr B yesterday for bringing the Nzd trade to my attention nice drop there before the retracement.

Have a good day out there guys.
No problem. I am just happy to get some things right.
  • #7,249
  • Jan 15, 2009 8:50pm Jan 15, 2009 8:50pm
Quoting tdeu
possible short at 38% retracement

not sure if hold or scalp

Thomas
I was watching that price too...but without fibs...
  • #7,250
  • Jan 15, 2009 9:24pm Jan 15, 2009 9:24pm
Quoting tdeu
possible short at 38% retracement

not sure if hold or scalp

Thomas
If you guys use limit orders it might be a bitt risky...if you guys use certain price action requirments then its a different thing...if you guys draw a box when price enters supply it might be a different thing...depending on your aproach on this pairt it can be a great entry ....just be aware of the conditions and such....this is a trade I might end taking myself ....
  • #7,251
  • Jan 15, 2009 9:29pm Jan 15, 2009 9:29pm
Quoting Shermenator
Scalp
Are you scalping because you feel it will continue to go up?
  • #7,252
  • Jan 15, 2009 10:26pm Jan 15, 2009 10:26pm
This is my only current trade in the audusd...

small position

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  • #7,253
  • Jan 15, 2009 10:26pm Jan 15, 2009 10:26pm
if kiwi manages to deal with res ahead there is a good opportunity to short a bit later at 38% retr of the last down move

T.
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  • #7,254
  • Jan 15, 2009 10:30pm Jan 15, 2009 10:30pm
did you short at 6754? one needs to pull up a 1h chart to see that ;-)

for how much pips?

T.

Quoting Shermenator
This is my only current trade in the audusd...

small position

Attachment
  • #7,255
  • Jan 15, 2009 10:35pm Jan 15, 2009 10:35pm
Quoting tdeu
did you short at 6754? one needs to pull up a 1h chart to see that ;-)

for how much pips?

T.
yep I am targettting about the 6700 area
  • #7,256
  • Jan 15, 2009 10:36pm Jan 15, 2009 10:36pm
entered long during pullback to 9000 as a scalp

question for you guys: were is the next level to take profits?

9060 or 100 pips more at 9160

Thanks

T.
  • #7,257
  • Edited 11:29pm Jan 15, 2009 11:16pm | Edited 11:29pm
Quoting tdeu
entered long during pullback to 9000 as a scalp

question for you guys: were is the next level to take profits?

9060 or 100 pips more at 9160

Thanks

T.
Your buying to a market thats going up ....investors will sell all their postions to the retail they win and it falls.....never buy when the market is going up your buying at an extreme not at a bargain...look for supply area as an exit
  • #7,258
  • Jan 15, 2009 11:29pm Jan 15, 2009 11:29pm
so you think its better to square at first res and reverse

do you do under water pyramiding? like increasing (or doubling) order size while selling into a rising prices

otherwise one needs maybe a couple of trial and errors to catch the high with a decent position size

T.


Quoting Shermenator
Your buying to a market thats going up ....investors will sell other postions to the retail they win and it falls.....never buy when the market is going up your buying at an extreme not at a bargain...look for supply area as an excit
  • #7,259
  • Jan 15, 2009 11:31pm Jan 15, 2009 11:31pm
Quoting tdeu
so you think its better to square at first res and reverse

do you do under water pyramiding? like increasing (or doubling) order size while selling into a rising prices

otherwise one needs maybe a couple of trial and errors to catch the high with a decent position size

T.
nope I go in with one order 98 percent of the time lol.....I sell when price goes up at supply I buy when price comes down to demand...
  • #7,260
  • Jan 15, 2009 11:38pm Jan 15, 2009 11:38pm
Guys pay attention to the eurjpy.....
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