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No Brainer Trades

  • #9,241
  • Feb 26, 2009 4:17am Feb 26, 2009 4:17am
Have a look at this possible resistance point, has held up plenty in the past, and based on price action & candles my long term view is bearish.
Attached Image (click to enlarge)
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  • #9,242
  • Feb 26, 2009 4:40am Feb 26, 2009 4:40am
Quoting Shermenator
I am now long in the gbpusd...

Attachment
About your entries here and in general.

It seems like you often enter just after 1H close, after the new bar has made a couple of pips at the right direction. It seems work pretty well.

I tend to enter right when the line is hit. Need some patience.
  • #9,243
  • Feb 26, 2009 4:54am Feb 26, 2009 4:54am
Quoting fx-Junior
About your entries here and in general.

It seems like you often enter just after 1H close, after the new bar has made a couple of pips at the right direction. It seems work pretty well.

I tend to enter right when the line is hit. Need some patience.
Actually not really my friend....I take bounces right of as well..and I also look for some price action at times..
  • #9,244
  • Feb 26, 2009 5:09am Feb 26, 2009 5:09am
Quoting Shermenator
Actually not really my friend....I take bounces right of as well..and I also look for some price action at times..
would you share your rule abt the price action.. ? tq
I draw a line for u... a support line.. not a resistance one..
  • #9,245
  • Feb 26, 2009 5:25am Feb 26, 2009 5:25am
Quoting left_trader
would you share your rule abt the price action.. ? tq
I cant my friend ....some of the things I do I dont own and leave this thread....this thread and will get you in the correct direction and making money...I keep my trades as similar to the once in no brainer
  • #9,246
  • Feb 26, 2009 5:40am Feb 26, 2009 5:40am
Quoting Shermenator
I cant my friend ....some of the things I do I dont own and leave this thread....this thread and will get you in the correct direction and making money...I keep my trades as similar to the once in no brainer
Hey Shermenator,

this thread is soo long. Can you say what section of this thread (pages) helped you the most? I didnt realize you were trading by any methods here.

Thank you
BB
Whats happening in EUR/USD should be happening to you!
  • #9,247
  • Feb 26, 2009 5:44am Feb 26, 2009 5:44am
Quoting BullsAndBear
Hey Shermenator,

this thread is soo long. Can you say what section of this thread (pages) helped you the most? I didnt realize you were trading by any methods here.

Thank you
BB

I have not read it my friend...I just noticed that this thread was similar to how I traded and joined...
  • #9,248
  • Feb 26, 2009 5:53am Feb 26, 2009 5:53am
Shermenator,

What pairs do you follow/trade?

I have studied your posts for a while, and I get a feel for what you do, but I am not sure what pairs you have the best success with.

Thank you for your help!
  • #9,249
  • Feb 26, 2009 5:58am Feb 26, 2009 5:58am
Quoting unlv_tj
Shermenator,

What pairs do you follow/trade?

I have studied your posts for a while, and I get a feel for what you do, but I am not sure what pairs you have the best success with.

Thank you for your help!
I preety much trade about 12 pairs that includes majors and the typical mst traded crosses
  • #9,250
  • Feb 26, 2009 7:06am Feb 26, 2009 7:06am
I'm in EUR/GBP.

We'll see how this one works.
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Click to Enlarge Name: gpbusd.gif Size: 13 KB
  • #9,251
  • Feb 26, 2009 7:10am Feb 26, 2009 7:10am
And GBP/USD as well.
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  • #9,252
  • Feb 26, 2009 7:17am Feb 26, 2009 7:17am
Quoting fx-Junior
I'm in EUR/GBP.

We'll see how this one works.
No space around that one.

Get yourself on fxstreet.com and watch the Sam Seiden videos several times over.
  • #9,253
  • Feb 26, 2009 7:18am Feb 26, 2009 7:18am
I took GBP/USD aswell, looks like real no brainer trade, will see where it goes
  • #9,254
  • Feb 26, 2009 7:21am Feb 26, 2009 7:21am
Quoting RedCabbage
No space around that one.

Get yourself on fxstreet.com and watch the Sam Seiden videos several times over.

Agreed! Lots of sellers in that area.....but I guess anything could happen.

Definitely not low risk high probability.
  • #9,255
  • Feb 26, 2009 7:22am Feb 26, 2009 7:22am
Anyone watching usd/cad? what do you think about 1.2400 level?
  • #9,256
  • Feb 26, 2009 7:22am Feb 26, 2009 7:22am
Quoting fx-Junior
And GBP/USD as well.
Careful on that one too. You are selling into a demand area.

Maybe good for a scalp.
  • #9,257
  • Feb 26, 2009 7:30am Feb 26, 2009 7:30am
Quoting RedCabbage
No space around that one.

Get yourself on fxstreet.com and watch the Sam Seiden videos several times over.
Thanks for the tip!

Yep, pretty much resistance right above the level. Was a bad trade. Closed 5 pips loss after support turning minor resistance.
  • #9,258
  • Feb 26, 2009 7:43am Feb 26, 2009 7:43am
Quoting Cmartin371
Careful on that one too. You are selling into a demand area.

Maybe good for a scalp.
Hi C

Please could you elaborate on why you think that its a demand area?
Only reason I wouldnt have taken that sell trade was due to the news coming out at 1:30.

Thanks
Boxing clever since 76.
  • #9,259
  • Feb 26, 2009 7:45am Feb 26, 2009 7:45am
lol, typical -- went short on G/U @ 1.4360. Usually move stop to BE at +40, but this time moved it to BE at +20. Oanda spread immediately jumped from 3 pips to 12 pips and stopped me out. After that price dropped to +48. My own fault for not taking into account spread jumps around news time (news being partially what I wanted to protect against).

1:3 for the week.
  • #9,260
  • Feb 26, 2009 7:51am Feb 26, 2009 7:51am
Does anyone see a triangle forming on the eur/usd 4hr? What is the best way to play that one?

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