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No Brainer Trades

  • #9,101
  • Feb 24, 2009 2:37am Feb 24, 2009 2:37am
Quoting Shermenator
I would not short it myself at 2760....its not a bargain for a short yet for me ...I whant to push a bitt deeper the better they might pop it by a bitt and then fall...I would only come in from 2780 to about 28....

Not sure if I like 2780 anymore. Price hit 2772 and dropped almost 50 pips. Lets see if it holds on a re-trace. If not I am looking at 845-855
  • #9,102
  • Feb 24, 2009 3:33am Feb 24, 2009 3:33am
Alright I am short in the eurusd...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 36 KB
  • #9,103
  • Feb 24, 2009 4:15am Feb 24, 2009 4:15am
I preferred waiting for 1.2810. Just hit it, let's see what happens now.
  • #9,104
  • Feb 24, 2009 4:19am Feb 24, 2009 4:19am
Quoting Khalys
I preferred waiting for 1.2810. Just hit it, let's see what happens now.
Aslong as you execute your trading plan thats what matters...goodluck in it
  • #9,105
  • Feb 24, 2009 4:25am Feb 24, 2009 4:25am
I'm indeed starting to realize how important this is : always stick to the plan. In each losing trade I made, I could find a rule that I didn't respect. Hopefully, I'm still on demo account

Good luck to all no brainer traders !
  • #9,106
  • Feb 24, 2009 4:28am Feb 24, 2009 4:28am
Alright I am currently down about 25 pips in my eurusd lets see how it plays out...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 33 KB
  • #9,107
  • Feb 24, 2009 4:44am Feb 24, 2009 4:44am
Quoting Shermenator
Alright I am currently down about 25 pips in my eurusd lets see how it plays out...

Attachment
Probably you got a bit early on this one, buddy.
But it could work , still.
  • #9,108
  • Feb 24, 2009 4:53am Feb 24, 2009 4:53am
Quoting speedarad
Probably you got a bit early on this one, buddy.
But it could work , still.

nope took my lost I closed it lol...simply next trade
  • #9,109
  • Feb 24, 2009 6:06am Feb 24, 2009 6:06am
Quoting Shermenator
nope took my lost I closed it lol...simply next trade
Quoting speedarad
Probably you got a bit early on this one, buddy.
But it could work , still.
A pity..
  • #9,110
  • Feb 24, 2009 6:20am Feb 24, 2009 6:20am
alright eurusd might give me another go at it..looking at a bitt of price action
  • #9,111
  • Feb 24, 2009 8:44am Feb 24, 2009 8:44am
Hi Guys,

Would the break of 1.4467 have been considered a line break on the 15 min charts?

Cheers
Jacko Turtle - 2nd Group
  • #9,112
  • Feb 24, 2009 8:49am Feb 24, 2009 8:49am
Here is something to defently start looking at....

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 31 KB
  • #9,113
  • Feb 24, 2009 9:38am Feb 24, 2009 9:38am
Pay attention to yen pairs for strenght....also be aware to stand in the markets only at strong levels not crappy levels since it will most likely pop you...this are not the conditions to be playing around with crappy levels, they never are but specially now
  • #9,114
  • Feb 24, 2009 9:51am Feb 24, 2009 9:51am
Anyone took long gbp/usd at 1.4380? was a support level with 50 fib, i'm allready at breakeven, with a nice profit locket in.
  • #9,115
  • Feb 24, 2009 9:53am Feb 24, 2009 9:53am
Quoting Shermenator
Pay attention to yen pairs for strenght....also be aware to stand in the markets only at strong levels not crappy levels since it will most likely pop you...this are not the conditions to be playing around with crappy levels, they never are but specially now
Thanks Shermenator,

By crappy levels, I assume you mean to ignore those off the lower timeframes ?
  • #9,116
  • Feb 24, 2009 10:05am Feb 24, 2009 10:05am
Quoting Willowgal
Thanks Shermenator,

By crappy levels, I assume you mean to ignore those off the lower timeframes ?

Well higher timeframes have crappy levels as well ...every time frame you look at has very powefull levels of its own ...meaning that even if you go to a higher time frame like daily or 4 hour ..I whant you to still look for levels that completly stand out like they are teling you to participate...like your grandma would take the trade herself if she traded lol just playing I am exagerating but I think that should help out everyone... You see I took a loss earlier today since the conditions had not been placed on the table, once I get hit I adjust to the market conditions after one lost so I dont keep on falling into the same trap. Thats why I am on stanby at the moment but odds are that the next shot I take its a very high probabily trade since the conditions for me to get in have to be very clear. That the same thing you guys have to do , make it almost impossible for the setup to actually take place, if the setup actually happends after the new conditions you have placed on it then most likely its a winner. Simply because your reacting to the market and not trying to make the market react to you.
  • #9,117
  • Feb 24, 2009 10:10am Feb 24, 2009 10:10am
Quoting Shermenator
Here is something to defently start looking at....

Attachment
Be carefull with this pair at the moment ....I still see some more strenght in the eur and weakness in the yen...I thought by this level the table would swap more but they have not yet....it might go deeper...You see the amount of things that have to take place for me to take a trade right now are very high due to the conditions in the market ...I rather miss a trade then miss my capital lol...( its now my new signature)

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy1.gif Size: 31 KB
  • #9,118
  • Feb 24, 2009 10:36am Feb 24, 2009 10:36am
Nice retrace off the 1.17 level, USD/CHF.
  • #9,119
  • Feb 24, 2009 12:20pm Feb 24, 2009 12:20pm
i tried to take a popshot trade off the usd/jpy and got blown out of the water. Anyone think it may retrace back down? It just barely hit the 200 ema on the daily. dollar looked strong today. i was in @ 95.76 because it was at resitance and started to retrace also way overbought on TF's 30m - daily. it took off like a rocket. my 1st loser in 2 weeks, i must have got overconfident, lost concentration.....

BB
Whats happening in EUR/USD should be happening to you!
  • #9,120
  • Feb 24, 2009 12:22pm Feb 24, 2009 12:22pm
Quoting BullsAndBear
i tried to take a popshot trade off the usd/jpy and got blown out of the water. Anyone think it may retrace back down? It just barely hit the 200 ema on the daily. dollar looked strong today. i was in @ 95.76 because it was at resitance and started to retrace also way overbought on TF's 30m - daily. it took off like a rocket. my 1st loser in 2 weeks, i must have got overconfident, lost concentration.....

BB
Just move on and keep on trading the same way. Your asking yourself as if you made an error . If it work for 2 weeks and had one flaw are you trying to create the holy grail system? trading has losses so aslong as that loss did not take all your profits simply keep on trading the same way dont quetion the error because you will start modefying.
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