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No Brainer Trades

  • #8,341
  • Feb 5, 2009 4:40am Feb 5, 2009 4:40am
Quoting kojak
lol im in this trade as well....but moved my sl to fast so i got stopped out with 10 pip.....
kojak
You didn't wait for a 5m close at -20 before going to b/e?

There was bound to be a retest to 8981 (visible s/r in 5m)

Still always good to be +pips!
  • #8,342
  • Feb 5, 2009 4:44am Feb 5, 2009 4:44am
Might short this fella` when (and if) it touches 0.5180. This could coincide with EURUSD 1.2930.
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  • #8,343
  • Feb 5, 2009 4:48am Feb 5, 2009 4:48am
Quoting bumasoft
Might short this fella` when (and if) it touches 0.5180. This could coincide with EURUSD 1.2930.
Short is a good with trend trade. 5168 is an old 4h swing low and 50 Fib 5191 is a significant weekly and daily s/r.
  • #8,344
  • Feb 5, 2009 4:50am Feb 5, 2009 4:50am
How about this for a 50 pip target. The daily trend is up so thinking of only a scalp.
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  • #8,345
  • Feb 5, 2009 4:50am Feb 5, 2009 4:50am
Quoting RedCabbage
Short is a good with trend trade. 5168 is an old 4h swing low and 50 Fib 5191 is a significant weekly and daily s/r.
Yup. Thanks . Just being safe and trying to short at higher prices if I can.
  • #8,346
  • Feb 5, 2009 4:51am Feb 5, 2009 4:51am
Quoting islandpippin
How about this for a 50 pip target. The daily trend is up so thinking of only a scalp.
I am thinking about that also, but I am waiting to see where it stalls, not getting in right now.

Edit: It might go up to 1.462... Plus there are 7 more minutes till the H1 closes, so I'll wait for that first.
  • #8,347
  • Feb 5, 2009 4:56am Feb 5, 2009 4:56am
There has been some really good pippage on here in the last few days, BRV would be proud.

Keep them No Brainer Trades though.
(Not directed to anyone specifically)
  • #8,348
  • Feb 5, 2009 5:01am Feb 5, 2009 5:01am
Closed the JPY trade for 15 pips. Didn't look promising.
  • #8,349
  • Feb 5, 2009 5:14am Feb 5, 2009 5:14am
Took this for an early ride after the H1 closed, but it's slowish.
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  • #8,350
  • Feb 5, 2009 5:17am Feb 5, 2009 5:17am
Quoting islandpippin
How about this for a 50 pip target. The daily trend is up so thinking of only a scalp.
I'm watching this level too.
Well, Official Bank Rate is coming out soon.
  • #8,351
  • Feb 5, 2009 5:20am Feb 5, 2009 5:20am
hello all... thanks to BRV for this great thread...i`hv been reading this thread for couple month,and the result is amazing right now i`m taking one trade at Gbp/Jpy,what do you think?already close one of it now..

http://i241.photobucket.com/albums/f...lyirvan/13.gif

:: so sry,idont know how to make the picture smaller
  • #8,352
  • Feb 5, 2009 5:21am Feb 5, 2009 5:21am
Quoting onlyirvan
hello all... thanks to BRV for this great thread...i`hv been reading this thread for couple month,and the result is amazing right now i`m taking one trade at Gbp/Jpy,what do you think?already close one of it now..
Congratulations! I was watching that. Good job there.
  • #8,353
  • Feb 5, 2009 5:29am Feb 5, 2009 5:29am
Quoting onlyirvan
hello all... thanks to BRV for this great thread...i`hv been reading this thread for couple month,and the result is amazing right now i`m taking one trade at Gbp/Jpy,what do you think?already close one of it now..
so sry,idont know how to make the picture smaller
Welcome

Add your charts as an attachment from your desktop - there's no need to host it like some other forums.
  • #8,354
  • Feb 5, 2009 5:31am Feb 5, 2009 5:31am
Quoting onlyirvan
hello all... thanks to BRV for this great thread...i`hv been reading this thread for couple month,and the result is amazing right now i`m taking one trade at Gbp/Jpy,what do you think?already close one of it now..

:: so sry,idont know how to make the picture smaller
Just a note. Be careful when you take trades on levels that have been recently hit more than once. I do take multiple trades on a level from time to time, but only manually, from the M5, once I see some confirmation... Just a noob to noob advice, maybe more experienced traders here can say if I'm right or wrong
  • #8,355
  • Feb 5, 2009 5:37am Feb 5, 2009 5:37am
Can anyone guess what might happen here?
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  • #8,356
  • Feb 5, 2009 5:39am Feb 5, 2009 5:39am
Quoting RedCabbage
Can anyone guess what might happen here?
Very possible indeed
  • #8,357
  • Feb 5, 2009 5:45am Feb 5, 2009 5:45am
I can't believe I can keep a trade open almost an hour, LOL. I'm a very unpatient guy. Still in the NZD trade (with at tight 15 pip stop, just above the M5 swing high).
  • #8,358
  • Feb 5, 2009 6:07am Feb 5, 2009 6:07am
Closed the NZD for an 18 pip loss.
  • #8,359
  • Feb 5, 2009 6:13am Feb 5, 2009 6:13am
This is why it is good as a novice trader to have people you can discuss yourr trade ideas with. The correct trade would have been the long on the pullback to 1.4370. but I am definetly looking at 1.4662
  • #8,360
  • Feb 5, 2009 6:20am Feb 5, 2009 6:20am
Lost 40 pips on a G-U short... Bummer!
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