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No Brainer Trades

  • #8,101
  • Feb 2, 2009 1:04pm Feb 2, 2009 1:04pm
Quoting bumasoft
go to http://www.nobrainertrades.com ... There is a "Videos" link in the menu.
Duh!....

Thanks
  • #8,102
  • Feb 2, 2009 1:47pm Feb 2, 2009 1:47pm
Quoting ALThau
Duh!....

Thanks
No problem.
  • #8,103
  • Feb 3, 2009 2:14am Feb 3, 2009 2:14am
Hi guys

Not much going on today?

Usd/Cad seems to be the only decent trade today. Bounced off the 12370 area again. Looks pretty quiet out there.
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  • #8,104
  • Feb 3, 2009 2:17am Feb 3, 2009 2:17am
Quoting Siam
Hi guys

Not much going on today?

Usd/Cad seems to be the only decent trade today. Bounced off the 12370 area again. Looks pretty quiet out there.
EURGBP has a possible long zone at 0.8980 - 0.8940, USDJPY at 88.90 - 88.40 and GBPUSD a short near 1.4345 maybe.
  • #8,105
  • Feb 3, 2009 2:44am Feb 3, 2009 2:44am
Quoting Siam
Hi guys

Not much going on today?

Usd/Cad seems to be the only decent trade today. Bounced off the 12370 area again. Looks pretty quiet out there.
I'm glad it's not just me. I'm struggling to see anything to get excited about this morning.
  • #8,106
  • Feb 3, 2009 3:05am Feb 3, 2009 3:05am
Can you create any excitement around these levels?

AudJpy
5822(50Fib)

AudUsd
6485-6494(23.6Fib50Fib)

EurCad
Flag

EurGbp
8870

EurJpy
11700-11729

EurUsd
12943-13000

GbpUsd
14353-14400


Discuss
  • #8,107
  • Feb 3, 2009 3:07am Feb 3, 2009 3:07am
Whats up guys
  • #8,108
  • Feb 3, 2009 3:24am Feb 3, 2009 3:24am
Quoting RedCabbage
Can you create any excitement around these levels?

AudJpy
5822(50Fib)

AudUsd
6485-6494(23.6Fib50Fib)

EurCad
Flag

EurGbp
8870

EurJpy
11700-11729

EurUsd
12943-13000

GbpUsd
14353-14400


Discuss
I think on EURUSD I would wait for 1.3025.
  • #8,109
  • Feb 3, 2009 3:28am Feb 3, 2009 3:28am
Quoting bumasoft
I think on EURUSD I would wait for 1.3025.
Yes, 13026 is the top of my range. There's a 50Fib in there too.
  • #8,110
  • Feb 3, 2009 3:33am Feb 3, 2009 3:33am
Quoting RedCabbage
Yes, 13026 is the top of my range. There's a 50Fib in there too.
NZDUSD had a decent level at 0.5014 - 0.4980, but it already bounced before I could take it.

And EURUSD has a possible demand at 1.2760 - 1.2720, but I'm not so confident about it. What do you think?
  • #8,111
  • Feb 3, 2009 3:55am Feb 3, 2009 3:55am
Quoting bumasoft
NZDUSD had a decent level at 0.5014 - 0.4980, but it already bounced before I could take it.

And EURUSD has a possible demand at 1.2760 - 1.2720, but I'm not so confident about it. What do you think?
IMO that range goes to 12700 but it's not very clear.
  • #8,112
  • Feb 3, 2009 3:57am Feb 3, 2009 3:57am
Quoting RedCabbage
IMO that range goes to 12700 but it's not very clear.
Yes, you are right. So it's a pretty big range and I'll probably pass on that. I am thinking of going long again on GBPUSD at 1.4050 for a scalp. There's probably some more demand left there.
  • #8,113
  • Feb 3, 2009 4:05am Feb 3, 2009 4:05am
Quoting bumasoft
Yes, you are right. So it's a pretty big range and I'll probably pass on that. I am thinking of going long again on GBPUSD at 1.4050 for a scalp. There's probably some more demand left there.
A little 14026 hasn't yet been revisisted but demand must be thinning out.
  • #8,114
  • Feb 3, 2009 4:06am Feb 3, 2009 4:06am
anyone reckons its a good short at 114.52 pivot level? if it breaks thru...
  • #8,115
  • Feb 3, 2009 4:16am Feb 3, 2009 4:16am
Quoting Knightz
anyone reckons its a good short at 114.52 pivot level? if it breaks thru...
Maybe but I don't trade BOs, I will wait for a potential bounce from 11363-11314.
  • #8,116
  • Feb 3, 2009 5:11am Feb 3, 2009 5:11am
Did anyone short USDCAD @ 1.25?
  • #8,117
  • Feb 3, 2009 5:17am Feb 3, 2009 5:17am
Quoting bumasoft
Did anyone short USDCAD @ 1.25?
12507

Bugger all else on at the moment.
  • #8,118
  • Feb 3, 2009 5:18am Feb 3, 2009 5:18am
Quoting RedCabbage
12507

Bugger all else on at the moment.
Great. I didn't pull the trigger as always . I'm useless.
  • #8,119
  • Feb 3, 2009 5:26am Feb 3, 2009 5:26am

  1. Define a consistent strategy at all levels.
  2. Log all of your set ups in detail whether actually traded or not.
  3. When you are consistently right, the results will speak for themselves and your self confidenence will come.

(Until it gets smashed again- then see point 1 lol)

Fear of losses is natural, so I think of losses as a business overhead or cost. Statistically it's the price I have to pay each day to be in 5-10 trades.

I simply cannot succeed every time but I have to be in it to win it.

  • #8,120
  • Feb 3, 2009 5:32am Feb 3, 2009 5:32am
I know this is no indictor trading but still do you use any
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