No Brainer Trades | Page 480 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD, USD/CHF, USD/JPY

Similar Threads

No brainer fundamental trades 55 replies

This time... I'm Keeping MY MONEY (BRV - No Brainer Trades) 3 replies

The Koala System (No brainer) 127 replies

EUR/GBP SHORT for No Brainer 67 replies

Selling USD and YEN is a no brainer. 12 replies

Attachments: No Brainer Trades
Exit Attachments

No Brainer Trades

  • #9,581
  • Mar 9, 2009 9:31pm Mar 9, 2009 9:31pm
Billy, how's trades? I hope to find enough time to participate in forums again soon. I've been trading full time since September and it's been time consuming to say the least. Anyway, I miss the forums. I always liked sharing my trade calls with your thread!

Regards,
C
{Promotion Removed}
  • #9,582
  • Mar 9, 2009 9:37pm Mar 9, 2009 9:37pm
I wanted to put this up here to show a neat setup. I am not going to trade it myself because my rules are that I don't trade Euro during Asian session. But none-the-less, it looks like a decent setup for a short at 1.26630

Attached Image
  • #9,583
  • Mar 9, 2009 10:09pm Mar 9, 2009 10:09pm
Hoping to catch the ride up on G/U. Ideally hoping for it to reach 1.4017
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 20 KB
  • #9,584
  • Mar 10, 2009 12:22am Mar 10, 2009 12:22am
Would like some opinions as to which level would be the higher probability one for GBP/USD:

Short @ 1.3956 -- this is a long-term sr area (3960-3970) over the years on daily chart. Most recently, it acted as support on 3/2, which was also the lowest point since January until the big drop through today. Also coincides with 38 fib of most recent move down. One downside is the range may have to encompass up to 1.4 or thereabouts since there were several uses of 1.3990-ish as support as well last week.

or

Short @ 1.4020-1.4050 -- equally obvious support from last week, though not the low points; used as obvious resistance back in January and obvious support at the beginning of February; coincides with 50 fib.
  • #9,585
  • Mar 10, 2009 1:00am Mar 10, 2009 1:00am
Quoting orcus
Would like some opinions as to which level would be the higher probability one for GBP/USD:

Short @ 1.3956 -- this is a long-term sr area (3960-3970) over the years on daily chart. Most recently, it acted as support on 3/2, which was also the lowest point since January until the big drop through today. Also coincides with 38 fib of most recent move down. One downside is the range may have to encompass up to 1.4 or thereabouts since there were several uses of 1.3990-ish as support as well last week.

or

Short @ 1.4020-1.4050 -- equally obvious...
I dont' have much to add other than I'll be taking profit at your same 1.3956. Maybe all, since I'm going against the trend.
  • #9,586
  • Mar 10, 2009 2:27am Mar 10, 2009 2:27am
Quoting libb
I dont' have much to add other than I'll be taking profit at your same 1.3956. Maybe all, since I'm going against the trend.
Hi guys. I am back. Not going to print up too many trades though as taking it very slow and wanting to do more longer term set ups. But for what it is worth, I like gbpusd for sell at 1.3980, or a buy at 1.3617. whichever comes first. Havent printed a chart for a while so hope I attached the right one.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 21 KB
  • #9,587
  • Mar 10, 2009 2:45am Mar 10, 2009 2:45am
Quoting Tori
Hi guys. I am back. Not going to print up too many trades though as taking it very slow and wanting to do more longer term set ups. But for what it is worth, I like gbpusd for sell at 1.3980, or a buy at 1.3617. whichever comes first. Havent printed a chart for a while so hope I attached the right one.
Attachment
My buy zone is around 13682-13621 and sell 13985-14042.

Welcome back Tori.
  • #9,588
  • Mar 10, 2009 2:50am Mar 10, 2009 2:50am
I have one other that I like. usdchf for buy if it holds again at 1.1461, but I would be more keen if it goes through and hits 1.1396 which has had a lot of action longer term. I think I will wait for the latter if it happens.If not I would look for a sell at 679
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 24 KB
  • #9,589
  • Mar 10, 2009 3:20am Mar 10, 2009 3:20am
Maybe a long way off but looking in 4h 9279-9337 looks interesting to sell.

9085 for a possible buy.
  • #9,590
  • Mar 10, 2009 3:41am Mar 10, 2009 3:41am
Quoting RedCabbage
HTH
Morning RC - another TLA?
RegardsPaul Eamonn
  • #9,591
  • Mar 10, 2009 3:43am Mar 10, 2009 3:43am
Quoting PaulEamonn
Morning RC - another TLA?
Yes.

Hope That Helps
  • #9,592
  • Mar 10, 2009 3:51am Mar 10, 2009 3:51am
Quoting RedCabbage
Yes.

Hope That Helps
The levels did but the TLA didn't.
RegardsPaul Eamonn
  • #9,593
  • Mar 10, 2009 4:01am Mar 10, 2009 4:01am
Quoting PaulEamonn
The levels did but the TLA didn't.
Hey Paul, what is with the Born again Failure. This business is difficult enough without starting on the back foot. If you put it out there, it will eventually come back.
  • #9,594
  • Mar 10, 2009 4:13am Mar 10, 2009 4:13am
Quoting Tori
Hey Paul, what is with the Born again Failure. This business is difficult enough without starting on the back foot. If you put it out there, it will eventually come back.
Hi Tori - how are you doing.

I'm afraid the label is very in line with my sense of humour which, in truth, the general public shouldn't really be exposed to!

However, I have got to say that I like you thoughts about intention and 'what goes around, comes around. But, in fact, the label is not as negative as it probably leads people to obviously think.

If you consider the other, better known 'Born again..........' saying, I tend to view 'them' as having been born into the opposite as what they have living in. From the dark into the light as I understand it.

The discovery of this thread did the same for me. I've been trying to find and get comfortable with trading for longer than I care to mention. This thread, its generous members and the whole BRV/ Sam Seiden thing, makes me feel 'born again' and with it I am going to, hopefully leave my past failures behind me.

There you have it - warts and all!
RegardsPaul Eamonn
  • #9,595
  • Edited 4:23am Mar 10, 2009 4:22am | Edited 4:23am
Does anyone think that the Euro is going to bounce down for a short scalp when it hits the 12753 level? Or is the consensus of opinion that the recent small retrace has reduced that likelihood?

All criticism, derision or even helpful hints will be gratefully received.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 18 KB
RegardsPaul Eamonn
  • #9,596
  • Mar 10, 2009 4:29am Mar 10, 2009 4:29am
Quoting PaulEamonn
Does anyone think that the Euro is going to bounce down for a short scalp when it hits the 12753 level? Or is the consensus of opinion that the recent small retrace has reduced that likelihood?

All criticism, derision or even helpful hints will be gratefully received.

Yeah it's definitely possible. Where are indeed a bit close at the moment though so perhaps 1.2787 is another level to look at. Like me, you have it as a Fib confluence zone, plus it is Weekly R1 almost to the pip.
Omnia Vanitas
  • #9,597
  • Mar 10, 2009 4:50am Mar 10, 2009 4:50am
Quoting TheArtist
Yeah it's definitely possible. Where are indeed a bit close at the moment though so perhaps 1.2787 is another level to look at. Like me, you have it as a Fib confluence zone, plus it is Weekly R1 almost to the pip.
Hi Artist - I was looking at the whole area around 12780 up to 12820 as a different zone and was looking for a smaller retrace off the 12753 level before it heads higher - if it's going to.
RegardsPaul Eamonn
  • #9,598
  • Mar 10, 2009 4:59am Mar 10, 2009 4:59am
Quoting Marco
Hi Orcus,

I thought about 1640, too but made the decision to wait for the resistance at 1680, which looked stronger to me:

Had an inital stop of 40 pips, now at breakeven, waiting for profit target to get hit.

Marco
Nice to wake up in the morning and see my profit-target hit. So far I've had 6 trades the last 2 weeks, trading from 3h-charts, just getting in and trying to get 3 times the initial risk, moving stop to B/E after the initial risk is in:

3 of them failed (-3R)
1 did breakeven (+0R)
2 reached profit-target (+6R)

Makes a total of +3R, which issn't that bad. I still think this can be traded the best when you can sit in front of your screen all day and watch live what happens at the price-levels you intend to get into a trade. But as I have a day-job I got to figure out a way to do this more relaxed...maybe this is a way

Marco
  • #9,599
  • Mar 10, 2009 6:05am Mar 10, 2009 6:05am
When it reached this low I watched and decided it was ok to take it back up and it didn't look back at my break even stop. I'm up around +100
What was I observing to take it?
I like to see the marked target levels reached as close as possible without going too far past that level. This one went 11 past the target low so I was ok with that.
Then I wanted to make note of the momentum on the way to that point and what was going on while it was there.
Just before reaching this target low it started to make a run for that low from somewhere higher up, as if a bottom fell out (rather than taking 3 hours getting there at 45 degrees).
So in the interest of not stepping in front of a fast train the final observation is that it came to a halt just before or after my target low and stuck around there without crashing through long enough that I felt it was going to hold.

Subjective but that's the best way I can describe how I've adapted to this trading method so far.
Attached Image
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #9,600
  • Mar 10, 2009 6:32am Mar 10, 2009 6:32am
Quoting PaulEamonn
Does anyone think that the Euro is going to bounce down for a short scalp when it hits the 12753 level? Or is the consensus of opinion that the recent small retrace has reduced that likelihood?

All criticism, derision or even helpful hints will be gratefully received.
The BillyRay rules say that you shouldn't fade this level as the price retraced <20 pips off of it.

That doesn't mean that the level is not gonna work, it just isn't in line with the original strategy.

For more on this subject:
http://www.nobrainertrades.com/2008/...n-to-fade.html
1st step stop loss in the green 2nd step play with the free money
8 traders viewing now