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No Brainer Trades

  • #8,541
  • Feb 9, 2009 7:29am Feb 9, 2009 7:29am
Do any of you guys use mental stops instead of normal stops, to prevent stop hunting?
  • #8,542
  • Feb 9, 2009 7:41am Feb 9, 2009 7:41am
Quoting bumasoft
Do any of you guys use mental stops instead of normal stops, to prevent stop hunting?
I do all the time i recon that is a good medicine to avoid stop hunting
  • #8,543
  • Feb 9, 2009 7:52am Feb 9, 2009 7:52am
any 1 long e/u
  • #8,544
  • Feb 9, 2009 7:53am Feb 9, 2009 7:53am
Quoting mattpajek
any 1 long e/u
I'm waiting to short it at 1.3040 - 1.3080...
  • #8,545
  • Feb 9, 2009 8:02am Feb 9, 2009 8:02am
Quoting mattpajek
Round numbers,can you tell me some more
They are psychological levels, buyers and sellers gravitate towards them. All the s/r & PA methods on here rave about round numbers.

Mark up the round numbers on your charts and see how price has reacted.
  • #8,546
  • Feb 9, 2009 8:13am Feb 9, 2009 8:13am
wow wow that was mine best trade ever +40 pips on e/u,should let it run a bit longer but since i`m all new to this i recon that was a good score
  • #8,547
  • Feb 9, 2009 8:13am Feb 9, 2009 8:13am
Just closed a short here. Looking to short the Euro if it reaches the levels. Keeping Bumasoft company.
  • #8,548
  • Feb 9, 2009 8:15am Feb 9, 2009 8:15am
Quoting seattlerust
Just closed a short here. Looking to short the Euro if it reaches the levels. Keeping Bumasoft company.
LOL. Thanks . I'm first looking to the long on USDCHF near 1.15. Then I can go short on EURUSD if it's at a resistance level.
  • #8,549
  • Feb 9, 2009 8:15am Feb 9, 2009 8:15am
Quoting mattpajek
wow wow that was mine best trade ever +40 pips on e/u,should let it run a bit longer but since i`m all new to this i recon that was a good score
Good job, man!
  • #8,550
  • Feb 9, 2009 8:22am Feb 9, 2009 8:22am
Quoting bumasoft
LOL. Thanks . I'm first looking to the long on USDCHF near 1.15.
I might wait just a little longer on the USDCHF for the long; perhaps the 1.1465 level or a bit lower, depending on PA. But, we'll let the market tell us.

SR
  • #8,551
  • Feb 9, 2009 8:25am Feb 9, 2009 8:25am
Here is a little something for you guys to check out

Inserted Video
  • #8,552
  • Feb 9, 2009 8:29am Feb 9, 2009 8:29am
One more lol

Inserted Video
  • #8,553
  • Feb 9, 2009 9:07am Feb 9, 2009 9:07am
Quoting RedCabbage

On the long side 11500 is support, a round number, a Fib level and is backed up by a TL.

Criticism is welcome as always.
RC,

Where are you charting your fib at/from to get a level at 1.15?

Thanks,
  • #8,554
  • Feb 9, 2009 9:13am Feb 9, 2009 9:13am
i`m short from 3057 looks good
  • #8,555
  • Feb 9, 2009 9:20am Feb 9, 2009 9:20am
I m still in my short....simply looking to start adding to my postion....lets see if it gives me short chances...
  • #8,556
  • Feb 9, 2009 9:33am Feb 9, 2009 9:33am
Quoting Shermenator
I m still in my short....simply looking to start adding to my postion....lets see if it gives me short chances...
I took a similar entry.... let's see if eu gives us some some adding opportunities...
  • #8,557
  • Feb 9, 2009 9:44am Feb 9, 2009 9:44am
Quoting seattlerust
Just closed a short here. Looking to short the Euro if it reaches the levels. Keeping Bumasoft company.
I closed out my Cable short for 40. Looks like ther was a nice 100+ there.
  • #8,558
  • Edited 10:02am Feb 9, 2009 9:50am | Edited 10:02am
Quoting seattlerust
I might wait just a little longer on the USDCHF for the long; perhaps the 1.1465 level or a bit lower, depending on PA. But, we'll let the market tell us.

SR
I'm looking at USDCHF 11475 since it is also Fib 78.6 of the last rally 03-06 Feb

EURUSD 13100-13119
  • #8,559
  • Feb 9, 2009 9:53am Feb 9, 2009 9:53am
Quoting Shermenator
One more lol

http://www.youtube.com/watch?v=TiF-4...eature=channel

http://www.jonrb.com/emoticons/rotfl4.gif
  • #8,560
  • Feb 9, 2009 9:57am Feb 9, 2009 9:57am
Quoting Shermenator
One more lol

http://www.youtube.com/watch?v=TiF-4...eature=channel
LOL, hey Sherm is that you??
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