No Brainer Trades | Page 398 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD, USD/CHF, USD/JPY

Similar Threads

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

Attachments: No Brainer Trades
Exit Attachments

No Brainer Trades

  • #7,941
  • Jan 30, 2009 7:51am Jan 30, 2009 7:51am
Quoting Thexder
I was up +35 and let it take me out at +13 before it went back down to the entry area. On the weekend I'll start looking at the higher time frames. I know there's always going to be an obstacle on some time frame but sometimes I just look at what's happened recently like the initial break out there, it had no problems getting through the 1616 area so I might be able to assume it will have no problems with that 15minutes later for the purposes of that scalp. But that's just the lack of sleep rambling. I guess I've been on a roll tonight with the...
It's all good.

You're right there's nothing wrong with it for scalping, but for longer TFs 616 has been strong so price couldn't close the 1h candle much above it and now it's dropped another 40pips.

As Sam says 'Look Left'
  • #7,942
  • Jan 30, 2009 8:05am Jan 30, 2009 8:05am
GBPUSD pending a breakout from the trendlines? 1.4240 - 1.4200 and 1.4350 look like key areas after that happens. I would wait for a break to the downside and a retest of 1.4240 - 1.4200 for an opportunity to short or a break to the upside and a retest of 1.4350 for a long. What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: gubreakout.gif Size: 23 KB
  • #7,943
  • Jan 30, 2009 8:14am Jan 30, 2009 8:14am
Hey, I was watching Sam Seiden's videos and it seems to me like he is sometimes using swing highs/lows as supply/demand levels. Meaning he doesn't always look for at least two bounces to consider it a supply/demand level. Am I right?
  • #7,944
  • Jan 30, 2009 8:29am Jan 30, 2009 8:29am
Quoting bumasoft
Hey, I was watching Sam Seiden's videos and it seems to me like he is sometimes using swing highs/lows as supply/demand levels. Meaning he doesn't always look for at least two bounces to consider it a supply/demand level. Am I right?

I don't always look for 2 bounces a swing highs/lows work for me.
  • #7,945
  • Jan 30, 2009 8:29am Jan 30, 2009 8:29am
Quoting RedCabbage
I don't always look for 2 bounces a swing highs/lows work for me.
Cool! I did not know that. Thanks. So you think 1.4410 is good on GBPUSD? It made a strong bounce last time.
  • #7,946
  • Jan 30, 2009 8:30am Jan 30, 2009 8:30am
In case BRV looks in, make sure you've seen all his videos too.
  • #7,947
  • Jan 30, 2009 8:35am Jan 30, 2009 8:35am
Quoting RedCabbage
In case BRV looks in, make sure you've seen all his videos too.
Saw them like 10 times
  • #7,948
  • Jan 30, 2009 8:37am Jan 30, 2009 8:37am
Quoting bumasoft
Cool! I did not know that. Thanks. So you think 1.4410 is good on GBPUSD? It made a strong bounce last time.

What do you see?
Attached Image (click to enlarge)
Click to Enlarge Name: cable300109.jpg Size: 173 KB
  • #7,949
  • Jan 30, 2009 8:41am Jan 30, 2009 8:41am
Quoting RedCabbage
What do you see?
I see an opportunity :d
  • #7,950
  • Jan 30, 2009 8:55am Jan 30, 2009 8:55am
Quoting bumasoft
I see an opportunity :d
To go short? or are you anticipating a break to the upside?
  • #7,951
  • Jan 30, 2009 8:56am Jan 30, 2009 8:56am
Hey guys - I'm signing off for an early bath so you can talk about me now!!

Before I go though I just wanted to say thanks for all the help, advice and tips you've given me this week. I'm going to be studying videos and .pdf files all weekend so, with a bit of luck and some hard work, I might be a bit closer to finding that switch come Monday.

See you all then.

Have a good weekend.
RegardsPaul Eamonn
  • #7,952
  • Jan 30, 2009 8:58am Jan 30, 2009 8:58am
Quoting islandpippin
To go short? or are you anticipating a break to the upside?
To go short, yes.
  • #7,953
  • Jan 30, 2009 8:58am Jan 30, 2009 8:58am
Quoting PaulEamonn
Hey guys - I'm signing off for an early bath so you can talk about me now!!

Before I go though I just wanted to say thanks for all the help, advice and tips you've given me this week. I'm going to be studying videos and .pdf files all weekend so, with a bit of luck and some hard work, I might be a bit closer to finding that switch come Monday.

See you all then.

Have a good weekend.
Have a nice weekend, Paul.
  • #7,954
  • Jan 30, 2009 9:04am Jan 30, 2009 9:04am
Quoting bumasoft
To go short, yes.

Help me understand why you chose short. Is it because it tried that 1.4345 level and failed again?
  • #7,955
  • Jan 30, 2009 9:05am Jan 30, 2009 9:05am
I'm clearing off for a sleep too as I was up at 5-30am.

I hope all the NBTers, contributors and lurkers, have a good weekend.
  • #7,956
  • Jan 30, 2009 9:06am Jan 30, 2009 9:06am
Quoting islandpippin
Help me understand why you chose short. Is it because it tried that 1.4345 level and failed again?
No, it's about 1.4410 (look at the H1 chart where that big bearish candle is sticking out). Price has been rejected hard at 1.4410, so there's a big chance that will happen again.
  • #7,957
  • Jan 30, 2009 9:06am Jan 30, 2009 9:06am
Quoting RedCabbage
I'm clearing off for a sleep too as I was up at 5-30am.

I hope all the NBTers, contributors and lurkers, have a good weekend.
Have a good weekend and a nice sleep, RC. Thanks for all your help!
  • #7,958
  • Jan 30, 2009 9:21am Jan 30, 2009 9:21am
Quoting bumasoft
No, it's about 1.4410 (look at the H1 chart where that big bearish candle is sticking out). Price has been rejected hard at 1.4410, so there's a big chance that will happen again.
14420 is a 61.8 Fib - the yellow dotted line on my chart that's why sellers came in at 14410.

Bye.
  • #7,959
  • Jan 30, 2009 9:23am Jan 30, 2009 9:23am
Quoting RedCabbage
14420 is a 61.8 Fib - the yellow dotted line on my chart that's why sellers came in at 14410.

Bye.
Yup, and there is also a 50% fib at 1.4437 (drawn from a daily chart), which brings us a range of 1.44 - 1.4437 where a good reaction is likely to take place.
  • #7,960
  • Jan 30, 2009 10:18am Jan 30, 2009 10:18am
Ok, back to the demo for me. I lost a ton of cash these days and the emotions are getting to me. I suck at this

Have a nice weekend, guys. Talk to you monday.
2 traders viewing now