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No Brainer Trades

  • #9,121
  • Feb 24, 2009 10:33am Feb 24, 2009 10:33am
Quoting Shermenator
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)

Attachment
Like I said dont stand in front of this yet the next level might be getting ready...I will mention if its getting ready

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  • #9,122
  • Feb 24, 2009 10:41am Feb 24, 2009 10:41am
Thank you for all your help in posting trades
Dr. C
  • #9,123
  • Feb 24, 2009 10:41am Feb 24, 2009 10:41am
Mostly likely it will over run it a bitt...be carefull

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  • #9,124
  • Feb 24, 2009 10:43am Feb 24, 2009 10:43am
Quoting cvcamper
Thank you for all your help in posting trades
Np bud...I am here to help
  • #9,125
  • Feb 24, 2009 10:43am Feb 24, 2009 10:43am
Stopped out on eur/jpy short of 123.65. 4hr/daily obvious SR, 61 and 76 fib confluence.
  • #9,126
  • Feb 24, 2009 10:48am Feb 24, 2009 10:48am
Quoting orcus
Stopped out on eur/jpy short of 123.65. 4hr/daily obvious SR, 61 and 76 fib confluence.

The yen is to weak at the moment to stand in front of thats why I did not get in front of it myself...I am waiting for a bigger push up
  • #9,127
  • Feb 24, 2009 10:51am Feb 24, 2009 10:51am
If price can push this high today the odds are that yen will be ready to gain some strenght ...so you can look at this as a probability...

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  • #9,128
  • Feb 24, 2009 11:00am Feb 24, 2009 11:00am
This AUD/JPY looks like it might make a perfect example of Sherm's waiting for the best possible (short) entry against retail traders. My concern in the strong hourly close...we'll see.

Not my pair, not my trade but from the chart, it's screaming short me.
  • #9,129
  • Feb 24, 2009 11:02am Feb 24, 2009 11:02am
Quoting sam0182
This AUD/JPY looks like it might make a perfect example of Sherm's waiting for the best possible (short) entry against retail traders. My concern in the strong hourly close...we'll see.

Not my pair, not my trade but from the chart, it's screaming short me.
Yea it will be good to maybe short...but not yet it might still pull up higher after the close their is still to much strenght in the aud over all I would wait more since the yen is not getting strenght back yet
  • #9,130
  • Feb 24, 2009 11:03am Feb 24, 2009 11:03am
Quoting Shermenator
Yea it will be good to maybe short...but not yet it might still pull up higher after the close their is still to much strenght in the aud over all I would wait more since the yen is not getting strenght back yet
If your stop i broad it wont get you ...if its tight most likely it would run you over...becareful though good luck
  • #9,131
  • Feb 24, 2009 11:29am Feb 24, 2009 11:29am
This level will probably ready to get strenght back in the yen....
I will mention if I pull the trigger...

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  • #9,132
  • Feb 24, 2009 11:35am Feb 24, 2009 11:35am
Quoting Shermenator
If your stop i broad it wont get you ...if its tight most likely it would run you over...becareful though good luck
Alright hope you you guys did not take the audjpy....their might be jut a little more pushing left on it....I personally dont think it will have enough streght to make it to the next level of resistance...

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  • #9,133
  • Feb 24, 2009 11:42am Feb 24, 2009 11:42am
Quoting Shermenator
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.
NO holy grail here. i know i screwed up. i was just curious if anyone here had been looking at it and thought it may retrace. i was stil in the trade thinking it would get a bounce off the 200 ema. it consolidated some but not showing any sign yet of coming down. if it goes beyond 97.00 i am out. 97.00 is a round number also so i thought one more reason to at least give it a chance to bounce down form there....

any thoughts?

BB
Whats happening in EUR/USD should be happening to you!
  • #9,134
  • Feb 24, 2009 11:47am Feb 24, 2009 11:47am
Quoting BullsAndBear
NO holy grail here. i know i screwed up. i was just curious if anyone here had been looking at it and thought it may retrace. i was stil in the trade thinking it would get a bounce off the 200 ema. it consolidated some but not showing any sign yet of coming down. if it goes beyond 97.00 i am out. 97.00 is a round number also so i thought one more reason to at least give it a chance to bounce down form there....

any thoughts?

BB
Yea the reason I did not come in at the spot you came in was because the level was bitt to weak for such a weak yen. After the yen rallied so hard I would only stand in front of it from a very powerfull level since I whant to make sure it holds. If you brake a major level of resistance and then go to a weak level people get fear and remove their limit orders on making it even weaker since they tend to gather at high probabilty levels.
  • #9,135
  • Feb 24, 2009 11:50am Feb 24, 2009 11:50am
Quoting Shermenator
Yea the reason I did not come in at the spot you came in was because the level was bitt to weak for such a weak yen. After the yen rallied so hard I would only stand in front of it from a very powerfull level since I whant to make sure it holds. If you brake a major level of resistance and then go to a weak level people get fear and remove their limit orders on making it even weaker since they tend to gather at high probabilty levels.
Yeah, i didnt do my homework. I thought the yen was strong and didnt realize it was weakening at the same time the usd is gaining strength. bad move on my part.

thanks
BB
Whats happening in EUR/USD should be happening to you!
  • #9,136
  • Feb 24, 2009 11:52am Feb 24, 2009 11:52am
1 hr CHF/JPY Pin.... thoughts?
Dr. C
  • #9,137
  • Feb 24, 2009 11:52am Feb 24, 2009 11:52am
Quoting Shermenator
The yen is to weak at the moment to stand in front of thats why I did not get in front of it myself...I am waiting for a bigger push up
May I ask where you do your fundamental homework? I listen to cnbc and bloomberg but the info still seems scattered.

BB
Whats happening in EUR/USD should be happening to you!
  • #9,138
  • Feb 24, 2009 11:55am Feb 24, 2009 11:55am
Quoting cvcamper
1 hr CHF/JPY Pin.... thoughts?
I would not be taken it myself...I wont stand in front of the train yet....it could fall a bitt and then shoot right back up
  • #9,139
  • Feb 24, 2009 11:57am Feb 24, 2009 11:57am
Quoting BullsAndBear
May I ask where you do your fundamental homework? I listen to cnbc and bloomberg but the info still seems scattered.

BB

Well I do it from the charts my friend...I dont really look at news ...I look a bitt at stock market ...but thats really it I see the order flow on the charts...
  • #9,140
  • Feb 24, 2009 12:01pm Feb 24, 2009 12:01pm
Quoting Shermenator
Well I do it from the charts my friend...I dont really look at news ...I look a bitt at stock market ...but thats really it I see the order flow on the charts...
10-4. i thought perhaps you kept on the currency news. you damn good to get all that right off the chart. what tipped you off to the yen weakness? I'd like to improve my game.

thanks
BB
Whats happening in EUR/USD should be happening to you!
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