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No Brainer Trades

  • #8,561
  • Feb 9, 2009 9:59am Feb 9, 2009 9:59am
Quoting sam0182
RC,

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

Thanks,
1 hr chart 03 Feb to 06 Feb 78.6Fib is at 11475 which is also 1h support..

I don't usually use such a short TF but this pairs activity demands it.
  • #8,562
  • Feb 9, 2009 10:09am Feb 9, 2009 10:09am
Quoting RedCabbage
1 hr chart 03 Feb to 06 Feb 78.6Fib is at 11475 which is also 1h support..

I don't usually use such a short TF but this pairs activity demands it.
78%, gotcha. I assumed you were going after 61% and I just could not see it...thanks for the clarification.

Was there any reason that you didn't think the bounce off 1.17 resist was a No Brainer? I brought the level up but gained no response...price clearly was rejected at that price and came back down to about the trend line/15 support that we're looking at now.

Thoughts RC/others?
  • #8,563
  • Feb 9, 2009 10:20am Feb 9, 2009 10:20am
Quoting islandtrader
LOL, hey Sherm is that you??
lol here is another one
Inserted Video
  • #8,564
  • Feb 9, 2009 10:46am Feb 9, 2009 10:46am
Quoting sam0182
78%, gotcha. I assumed you were going after 61% and I just could not see it...thanks for the clarification.

Was there any reason that you didn't think the bounce off 1.17 resist was a No Brainer? I brought the level up but gained no response...price clearly was rejected at that price and came back down to about the trend line/15 support that we're looking at now.

Thoughts RC/others?
I must have missed your post, it does look like a NBT.

My charts tell me I was waiting for 11890 for a sell but instead it reversed at the 23.6 Fib just 10 pips lower. I was probably setting up my charts at that time so I missed the PA too.

Did you get into this trade?

Keep it up, you can obviously pick a good level.
  • #8,565
  • Feb 9, 2009 11:15am Feb 9, 2009 11:15am
e/u is really pushing that level of 3070,it may break
  • #8,566
  • Feb 9, 2009 11:20am Feb 9, 2009 11:20am
this current price level is obviously sticky
  • #8,567
  • Feb 9, 2009 11:32am Feb 9, 2009 11:32am
Well i`m off for today it was an amazing trading day,many pips caught during the day,happy trading and see you tomorrow
  • #8,568
  • Feb 9, 2009 11:42am Feb 9, 2009 11:42am
Attached Image (click to enlarge)
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Hope it goes up a little higher so I can add to my short when the time is right...
  • #8,569
  • Feb 9, 2009 11:48am Feb 9, 2009 11:48am
Quoting mattpajek
Well i`m off for today it was an amazing trading day,many pips caught during the day,happy trading and see you tomorrow
well done for sticking to your plan - that's one of the most important factors
  • #8,570
  • Feb 9, 2009 12:10pm Feb 9, 2009 12:10pm
Quoting mattpajek
Well i`m off for today it was an amazing trading day,many pips caught during the day,happy trading and see you tomorrow
Congrats! I had one trade and it was a loser
  • #8,571
  • Feb 9, 2009 12:24pm Feb 9, 2009 12:24pm
A guy on Bloomberg just said that sum of all pledged and commited bailout elements come to $9.7 trillion.. this is insane...
The carmakers are going bust and the dollar is rallying.. Hey guys Im going to bed...we're living in cuculand.
  • #8,572
  • Edited 8:05pm Feb 9, 2009 6:02pm | Edited 8:05pm
Morning.

Just got back from a cycle trip and god it's good to get away. ended up doing 120 km after no training for months, my legs feel like jello at the moment.

Anyways thankfully I didn''t hang around, bit of a mess on Friday. Always best to stay away from big news days guys.

Cable looks like its retracing back down to that 800 area again might get in a little earlier on this one, lets see how it plays out.
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  • #8,573
  • Feb 9, 2009 7:20pm Feb 9, 2009 7:20pm
Major Movement Today!

RC/cw/ip/ anyone else kind enuf to coach/answer my queries below:

EUR/JPY - any reckon 116.45 ( fib 61.8% ) is a good TP. shorted from 119.18

USD/CAD - whats a good TP when long at 1.2208?

EUR/USD - whats a good TP when shorted at 1.2955?

appreciate all comments~
  • #8,574
  • Feb 9, 2009 10:10pm Feb 9, 2009 10:10pm
My short worked out just fine....

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 23 KB
  • #8,575
  • Feb 9, 2009 10:19pm Feb 9, 2009 10:19pm
Hey sherm what indicator is that? That shows one support or resistance line, like on your last post?

Thanks,

Trublu
  • #8,576
  • Feb 10, 2009 12:21am Feb 10, 2009 12:21am
Quoting trublu
Hey sherm what indicator is that? That shows one support or resistance line, like on your last post?

Thanks,

Trublu
Its a fib tool with 1 percentage on it
  • #8,577
  • Feb 10, 2009 12:37am Feb 10, 2009 12:37am
gbpusd

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  • #8,578
  • Feb 10, 2009 2:33am Feb 10, 2009 2:33am
Looks like some good moves in the Asian session today. I am keen to get trades in this morning as the Geithner testimony later has uncertain market consequences.
  • #8,579
  • Feb 10, 2009 2:39am Feb 10, 2009 2:39am
Shorting Euro at 1.2935 is tempting, no ? Let's see how H1 candle closes.
  • #8,580
  • Feb 10, 2009 3:35am Feb 10, 2009 3:35am
Quoting Knightz
Major Movement Today!

RC/cw/ip/ anyone else kind enuf to coach/answer my queries below:

EUR/JPY - any reckon 116.45 ( fib 61.8% ) is a good TP. shorted from 119.18

USD/CAD - whats a good TP when long at 1.2208?

EUR/USD - whats a good TP when shorted at 1.2955?

appreciate all comments~
I think by now you have all your answers - were you actually in these trades?
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