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No Brainer Trades

  • #9,181
  • Feb 25, 2009 6:07am Feb 25, 2009 6:07am
I'm in GPB/USD @ 1.4381.

How do you like this one?
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  • #9,182
  • Feb 25, 2009 6:12am Feb 25, 2009 6:12am
Quoting fx-Junior
I'm in GPB/USD @ 1.4381.

How do you like this one?
I am in it as well...

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  • #9,183
  • Feb 25, 2009 6:14am Feb 25, 2009 6:14am
Yep.

A bit worried about the 1H close though. It was just below the previous lows.
  • #9,184
  • Feb 25, 2009 6:16am Feb 25, 2009 6:16am
Quoting Shermenator
I am in it as well...

Attachment
sher - wat kinda TP should we be lookin at for these kinda trades...?
  • #9,185
  • Feb 25, 2009 6:20am Feb 25, 2009 6:20am
Alright I am currently up 20 pips...

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  • #9,186
  • Feb 25, 2009 6:23am Feb 25, 2009 6:23am
did someone manage to get in on this long?
was jus thinking if this is the kinda trades u would take followin ur tradin style perhaps... sher
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  • #9,187
  • Feb 25, 2009 6:24am Feb 25, 2009 6:24am
Quoting Knightz
sher - wat kinda TP should we be lookin at for these kinda trades...?
It depends on your kinda stop loss ....and that determines the kinda of wipsaw you can intake...with a small stop loss you cant let a winner turn into a loser period...with a bigger stop loss I try and see if they are trying to hit stop loss and shake people of the correct direction....
  • #9,188
  • Feb 25, 2009 6:30am Feb 25, 2009 6:30am
Quoting Shermenator
I just bet it on my hit rate...I win a good amount of my trades so I dont mind having a couple of trades trades on the same currency
Hmmm well basically you could bet all on 1 trade and increase your risk it would be the same I think...just be carefull not to get cought in a bad trade with 3x your usual risk per trade because you get in at the same time on multiple highly correlated currencies.
  • #9,189
  • Feb 25, 2009 6:32am Feb 25, 2009 6:32am
I missed getting long in the gbp/usd but it looks like i may get a chance to get in...

also good morning sherm...

BB
Whats happening in EUR/USD should be happening to you!
  • #9,190
  • Feb 25, 2009 6:32am Feb 25, 2009 6:32am
Quoting Marco
Hmmm well basically you could bet all on 1 trade and increase your risk it would be the same I think...just be carefull not to get cought in a bad trade with 3x your usual risk per trade because you get in at the same time on multiple highly correlated currencies.

Crosses run at different speeds and can hit a target faster before I see the uturn coming and I can liquidate with a winner and close the remainder based on market strenght
  • #9,191
  • Feb 25, 2009 6:33am Feb 25, 2009 6:33am
I closed GBP/USD after bearish 15M pin bar. A few pips of profit.
  • #9,192
  • Feb 25, 2009 6:38am Feb 25, 2009 6:38am
long gbp/usd 1.4379 and gbp/chf 1.6711

both pulled back enuff for good entry....

BB
Whats happening in EUR/USD should be happening to you!
  • #9,193
  • Feb 25, 2009 6:39am Feb 25, 2009 6:39am
Alright I am still in my long...

Attached Image (click to enlarge)
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  • #9,194
  • Feb 25, 2009 6:42am Feb 25, 2009 6:42am
i saw eur/usd hit good support there @ 1.2760 on a trend line and also 200ema. but wasnt ready to pull trigger quite yet, i may miss that one. i like to see sto's oversold @ support for nice rally...

BB
Whats happening in EUR/USD should be happening to you!
  • #9,195
  • Feb 25, 2009 7:02am Feb 25, 2009 7:02am
I have now closed with my 12 pips ...seems like it might take a bigger deep...always adjusting to the conditions
  • #9,196
  • Feb 25, 2009 7:06am Feb 25, 2009 7:06am
long gbp/jpy @ 138.96. i think i got the bottom of that move. happy there. sold out my pips on gbp/chf, but got back in. i believe it will turn around. lets see.

BB
Whats happening in EUR/USD should be happening to you!
  • #9,197
  • Feb 25, 2009 7:10am Feb 25, 2009 7:10am
I like to use usd/chf and eur/chf to confirm the gbp/chf. sometimes i will take trades on all at the same time, but i dont feel like spreading risk this morning. however they moving up. lets see how long I can ride this...

BB
Whats happening in EUR/USD should be happening to you!
  • #9,198
  • Feb 25, 2009 7:14am Feb 25, 2009 7:14am
got a buy limit @ 1.4385 on gbp/usd but may have missed it altogether, darn. what oyu into sherm?

BB
Whats happening in EUR/USD should be happening to you!
  • #9,199
  • Feb 25, 2009 7:19am Feb 25, 2009 7:19am
Just about to go long on usd/jpy. i sure wish it would pull back further. I would feel much btter if it did...

BB
Whats happening in EUR/USD should be happening to you!
  • #9,200
  • Feb 25, 2009 7:20am Feb 25, 2009 7:20am
Quoting BullsAndBear
got a buy limit @ 1.4385 on gbp/usd but may have missed it altogether, darn. what oyu into sherm?

BB
Relax buddy ..dont shoot with a shotgun ....shoot with a sniper ....relax and take only the best ....Ill mention the next trade I take
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