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No Brainer Trades

  • #9,861
  • Mar 20, 2009 2:58am Mar 20, 2009 2:58am
I pulled the plug on both trades for some nice pips. getting close to hour and may have small turn, that is only my opinion
  • #9,862
  • Mar 20, 2009 3:04am Mar 20, 2009 3:04am
Quoting sam0182
Watching 1.46 & 1.466 GBP/USD for a sell.

*Also keeping an eye on the EUR/USD 1.378-1.38 for a sell area.
This again is only my opinion, but looking to sell, or should I say buy the usd is risky as far as I am concerned. Look at how fast it just sold off across the charts. I am going to take any trades after the drop and look to be selling the usd each time. That is just how I feel with the way it is at the moment. If you buy the usd it might be slow because of its weakness.
  • #9,863
  • Mar 20, 2009 3:10am Mar 20, 2009 3:10am
Alriht I have now added to my long keep in mind each of this trade I take has an area of stop in mind and they all have risk control...I have just added to my long again...If the market goes up a bitt then I will move my stop to break even only on the new postion....many of my entries come from different agendas...

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  • #9,864
  • Mar 20, 2009 3:10am Mar 20, 2009 3:10am
Just be aware it is Quarterly Contract Expiry/Rollover day today, so there may be some specific agendas in play.
  • #9,865
  • Mar 20, 2009 3:10am Mar 20, 2009 3:10am
Quoting Tori
This again is only my opinion, but looking to sell, or should I say buy the usd is risky as far as I am concerned. Look at how fast it just sold off across the charts. I am going to take any trades after the drop and look to be selling the usd each time. That is just how I feel with the way it is at the moment. If you buy the usd it might be slow because of its weakness.
Thanks for the feedback Tori and I think you're spot on. Nonetheless, these lines look good to me on the daily and should be good for at least a bounce, depending on price action leading up to it. Everything will be entered at market as I will not step in front of a train...but if we're building steady candles up to the lines, I'll look to short.

Nice work on your longs!
  • #9,866
  • Mar 20, 2009 3:13am Mar 20, 2009 3:13am
Alright I have won my new enter postion on another time fram and have taken mojority of th eprofits of that postion ....that trade is now at break even...the other postion have their own mind of their own...
  • #9,867
  • Mar 20, 2009 3:15am Mar 20, 2009 3:15am
This 5 min chart gives a good view of the action on this currency.And of course I had to take advantage. But will monitor and take the pips on offer.
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  • #9,868
  • Mar 20, 2009 3:37am Mar 20, 2009 3:37am
Alright I won my long in my trade...I already closed that postion and now only have the other longs in...for the moment
  • #9,869
  • Mar 20, 2009 3:40am Mar 20, 2009 3:40am
out of my trade. finished for tonight. hope you all have a good weekend
  • #9,870
  • Mar 20, 2009 5:13am Mar 20, 2009 5:13am
Quoting RedCabbage
Just be aware it is Quarterly Contract Expiry/Rollover day today, so there may be some specific agendas in play.
Hi RC, sorry if it is asked before - could you tell us where we can find such information? Basically, is there any online calendar that lists important days such as options/contract expiry/rollover? I just check FF frontpage everyday for major news release time, but I don't know where to check out days to avoid trading or pay attention to. Thanks.
  • #9,871
  • Mar 20, 2009 5:31am Mar 20, 2009 5:31am
Quoting dreamtrader
Hi RC, sorry if it is asked before - could you tell us where we can find such information? Basically, is there any online calendar that lists important days such as options/contract expiry/rollover? I just check FF frontpage everyday for major news release time, but I don't know where to check out days to avoid trading or pay attention to. Thanks.
I'm not an expert on this. I believe the term is Triple Witching day. Google this.

There is of course an impact on FX due to stock correlations and I believe some FX options align themsleves with theses equity market expiries too.

http://www.cboe.com/AboutCBOE/xcal2009.pdf
  • #9,872
  • Mar 20, 2009 5:55am Mar 20, 2009 5:55am
Quoting RedCabbage
I'm not an expert on this. I believe the term is Triple Witching day. Google this.

There is of course an impact on FX due to stock correlations and I believe some FX options align themsleves with theses equity market expiries too.

http://www.cboe.com/AboutCBOE/xcal2009.pdf
Nice calendar. Thanks for sharing.
It's something to check everyday.
  • #9,873
  • Mar 20, 2009 8:01am Mar 20, 2009 8:01am
BillyRay's ultra simple setups working fine again: too bad I didn't take the trade :
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1st step stop loss in the green 2nd step play with the free money
  • #9,874
  • Mar 20, 2009 8:05am Mar 20, 2009 8:05am
Quoting LeveragedJoe
BillyRay's ultra simple setups working fine again: too bad I didn't take the trade :
Well spotted.

I took it at the 8am GMT 4hr candle close from 13710 for 160 pips.

Really good to get a trade like this after all the BS the rest of the week.
  • #9,875
  • Mar 20, 2009 8:33am Mar 20, 2009 8:33am
Alright guys later I am still holding my usdcad long...take care guys and see you next week
  • #9,876
  • Mar 20, 2009 9:32am Mar 20, 2009 9:32am
I have tried to search for a broker that offers charts for oil, gold, S&P and dollar indexes, but haven't found one yet. Do you have any suggestions?

Need those for studuing correlations that have been discussed on this thread earlier.
  • #9,877
  • Mar 20, 2009 10:25am Mar 20, 2009 10:25am
Quoting fx-Junior
I have tried to search for a broker that offers charts for oil, gold, S&P and dollar indexes, but haven't found one yet. Do you have any suggestions?

Need those for studuing correlations that have been discussed on this thread earlier.
Here you go fx-Junior. I think you'll find that this company provides a few instruments

http://www.brocompany.com/

Enjoy.
RegardsPaul Eamonn
  • #9,878
  • Mar 20, 2009 11:47am Mar 20, 2009 11:47am
Quoting fx-Junior
I have tried to search for a broker that offers charts for oil, gold, S&P and dollar indexes, but haven't found one yet. Do you have any suggestions?

Need those for studuing correlations that have been discussed on this thread earlier.




wtc is an mt4 broker with almost all the futures on it.
  • #9,879
  • Mar 20, 2009 7:16pm Mar 20, 2009 7:16pm
Quoting Siam
Hi,

looking for a break out on this pair. Could be a ways off but orders are in.

God Bless Canada
  • #9,880
  • Mar 20, 2009 7:49pm Mar 20, 2009 7:49pm
Waiting to see how price reacts around this level.

A nice break would hopefully see us heading towards 14.000 area. Shorts, I 'll wait for a reversal bar for confirmation.
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