Attachments: No Brainer Trades

No Brainer Trades

#9,261
Feb 26, 2009 8:04am Feb 26, 2009 8:04am

Shermenator
Joined Jan 2008 | Status: Trader | 2,996 Posts

Quoting BullsAndBear

Disliked

Does anyone see a triangle forming on the eur/usd 4hr? What is the best way to play that one?

thanks
BB

Ignored

Why try and trade what has less probabilty ...trade when the stakes are high and when it obvious..... eurusd is alright for scalps but not really for large moves just yet...

#9,262
Feb 26, 2009 8:12am Feb 26, 2009 8:12am

hwsv07
| Joined Dec 2008 | Status: Trader | 335 Posts

Quoting Shermenator

Disliked

Why try and trade what has less probabilty ...trade when the stakes are high and when it obvious..... eurusd is alright for scalps but not really for large moves just yet...

Ignored

sherm,

typically how long do you wait for a trade that is obvious.

sitting here waiting is bonkers.

#9,263
Feb 26, 2009 8:15am Feb 26, 2009 8:15am

RedCabbage
| Joined Nov 2008 | Status: I support the resistance | 1,033 Posts

Quoting hwsv07

Disliked

sherm,

typically how long do you wait for a trade that is obvious.

sitting here waiting is bonkers.

Ignored

There have been over half a dozen No Brainer set ups already this morning, how many do you need?

#9,264
Feb 26, 2009 8:25am Feb 26, 2009 8:25am

hwsv07
| Joined Dec 2008 | Status: Trader | 335 Posts

Quoting RedCabbage

Disliked

There have been over half a dozen No Brainer set ups already this morning, how many do you need?

Ignored

but sherm doesn't explain how he gets them. he simply just says them.

and to catch of hold of his trades means u gotta sit in front of the screen and hit F5 every few seconds to get latest updates which is abit crazy dun you think?

#9,265
Feb 26, 2009 8:27am Feb 26, 2009 8:27am

Shermenator
Joined Jan 2008 | Status: Trader | 2,996 Posts

Quoting hwsv07

Disliked

sherm,

typically how long do you wait for a trade that is obvious.

sitting here waiting is bonkers.

Ignored

It really comes down to the market....when ever I see a chart it has to do a bunch of things for me to take it...I can tell the differnt between a level that will just give a scalp or longer move...so I tend to find myself just finding about 2-3 trades a day that I pull the trigger on....sometimes 0....theirs ussually a good amount of setups out but I tend to follow 2-3 pairs that I see something in the making and then I hawk it untill it setups...since I know it will donate to my account

#9,266
Feb 26, 2009 8:46am Feb 26, 2009 8:46am

RedCabbage
| Joined Nov 2008 | Status: I support the resistance | 1,033 Posts

Quoting hwsv07

Disliked

but sherm doesn't explain how he gets them. he simply just says them.

and to catch of hold of his trades means u gotta sit in front of the screen and hit F5 every few seconds to get latest updates which is abit crazy dun you think?

Ignored

Trying to take someone elses trades is crazy, yes.

Learn the strategy, learn how trades are set up and trade from your own charts. It's the only way.

You may be surprised that three different traders will get three different results from exactly the same price tip.

#9,267
Edited 9:24am Feb 26, 2009 8:53am | Edited 9:24am

Shermenator
Joined Jan 2008 | Status: Trader | 2,996 Posts

Quoting RedCabbage

Disliked

Trying to take someone elses trades is crazy, yes.

Learn the strategy, learn how trades are set up and trade from your own charts. It's the only way.

You may be surprised that three different traders will get three different results from exactly the same price tip.

Ignored

Completly agree....By no means I am saying take my trades...just study what I did and such...as well as when I mention some strengh in some pair or such add that to your thinking toolbox and you will get better aslong as you trade day in and day out.

#9,268
Feb 26, 2009 8:54am Feb 26, 2009 8:54am

nyjetfan
| Joined Oct 2008 | Status: FXTrader | 426 Posts

Quoting hwsv07

Disliked

but sherm doesn't explain how he gets them. he simply just says them.

and to catch of hold of his trades means u gotta sit in front of the screen and hit F5 every few seconds to get latest updates which is abit crazy dun you think?

Ignored

Hi HWSV07 - Have you read the PDF that is on the first page of this thread (might even be on the first post), as well as reviewed BRV's site www dot nobrainertrades dot com and then reviewed at least the first 100-200 posts of this thread at a minimum? Once you do that you will understand how others are identifying their levels. Most people here are trading S&R values based upon historical prices, and then looking at price action as those levels are approached to determine if its a valid trade or not. So basically in a nutshell, you need to learn how to find these levels, do some "homework" to prepare/identify the levels, and then when the trading time comes it will be easier for you to track what you're looking at for a potential trade.

If you look at most charts posted, they will have at least one level identified but others have many different levels/lines on them that are being watched.

I guess the real question here is do you want to be a trader who can make it on his own or are you looking for someone to basically post trades for you to take?

Sorry if this sounds harsh, but trading, like any skill, requires some preparation, dedication and hard work.

#9,269
Feb 26, 2009 8:59am Feb 26, 2009 8:59am

RedCabbage
| Joined Nov 2008 | Status: I support the resistance | 1,033 Posts

Quoting nyjetfan

Disliked

Hi HWSV07 - Have you read the PDF that is on the first page of this thread (might even be on the first post), as well as reviewed BRV's site www dot nobrainertrades dot com and then reviewed at least the first 100-200 posts of this thread at a minimum? Once you do that you will understand how others are identifying their levels. Most people here are trading S&R values based upon historical prices, and then looking at price action as those levels are approached to determine if its a valid trade or not. So basically in a nutshell, you need to learn...

Ignored

http://www.jonrb.com/emoticons/yes.gif

#9,270
Feb 26, 2009 9:12am Feb 26, 2009 9:12am

Cmartin371
| Joined Mar 2007 | Status: Trader | 216 Posts

Quoting copi88

Disliked

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

Ignored

Red Cabbage already mentioned it.

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

#9,271
Feb 26, 2009 9:39am Feb 26, 2009 9:39am

Shermenator
Joined Jan 2008 | Status: Trader | 2,996 Posts

I hope you guys did not get in front of the yen Like I mention earlier ...only look for shorts in major levels not kinda crappy levels..

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#9,272
Feb 26, 2009 9:54am Feb 26, 2009 9:54am

Shermenator
Joined Jan 2008 | Status: Trader | 2,996 Posts

Update we might start seeing a bitt of pound weakness...might not be so strong though meaning move stops to break even fast...I am deciding myself what I like at the moment I might stand aside if things dont get the perfect setup...

#9,273
Feb 26, 2009 10:05am Feb 26, 2009 10:05am

Sainz4Pips
| Joined Jul 2008 | Status: Ears To Hear | 46 Posts

Quoting hwsv07

Disliked

but sherm doesn't explain how he gets them. he simply just says them.

and to catch of hold of his trades means u gotta sit in front of the screen and hit F5 every few seconds to get latest updates which is abit crazy dun you think?

Ignored

Awesome I had no idea F5 was refresh......thanks man!

The way is narrow