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No Brainer Trades

  • #10,541
  • Apr 3, 2009 3:02am Apr 3, 2009 3:02am
Quoting Siam
It is almost time to shut up shop for a couple of weeks I'm way overdue a long holiday and i'm going down to the islands for a couple of weeks before the monsoon kicks in.

Dam that Euro/Gbp trade such potential. Jetted down 70 pips now and it's hovering pretty close to my stop so lets see.

Have a good one guys see you in a few.
EURGBP has been kind to me the last few days it is back in favour!

I'm glad you let us know, I will miss your posts as they are a very useful early morning (GMT) newsflash as I get set up for London open.

Enjoy your holiday!
  • #10,542
  • Apr 3, 2009 3:20am Apr 3, 2009 3:20am
Quoting Siam
Dam that Euro/Gbp trade such potential. Jetted down 70 pips now and it's hovering pretty close to my stop so lets see.
There you go, more good House Price data from GB.
  • #10,543
  • Apr 3, 2009 3:26am Apr 3, 2009 3:26am
yep guys and gals.......I guess we have to expect the unexpected more than usual on Friday's.
  • #10,544
  • Apr 3, 2009 5:44am Apr 3, 2009 5:44am
Hey guys a new video has been posted by the one and only!!!

http://www.nobrainertrades.com/2009/...ng-eurusd.html
  • #10,545
  • Apr 3, 2009 6:01am Apr 3, 2009 6:01am
Great video, thanks for the heads up.
  • #10,546
  • Apr 3, 2009 11:24am Apr 3, 2009 11:24am
I was going to think of trading today, but there is so much news coming out for the USD that I think it is in my best interest to take a day off from looking at the charts. I think I made a smart choice!
  • #10,547
  • Apr 3, 2009 1:48pm Apr 3, 2009 1:48pm
Quoting Concept
I was going to think of trading today, but there is so much news coming out for the USD that I think it is in my best interest to take a day off from looking at the charts. I think I made a smart choice!
I think the same either.. but when Im open the charts I see there's a "every eyes can see" support got hit on 0.5794 of kiwi.. n i got an itch to click.. n then i click.. n then set the SL to BE.. n now its + 50 pips already.. n now im sittin relax in a train.. not got crashed by the train like yesterday..
I draw a line for u... a support line.. not a resistance one..
  • #10,548
  • Apr 3, 2009 3:54pm Apr 3, 2009 3:54pm
Quoting left_trader
I think the same either.. but when Im open the charts I see there's a "every eyes can see" support got hit on 0.5794 of kiwi.. n i got an itch to click.. n then i click.. n then set the SL to BE.. n now its + 50 pips already.. n now im sittin relax in a train.. not got crashed by the train like yesterday..
U better close it like... now unless you wanna carry it over the weekend. Funny things can happen if you do that!
  • #10,549
  • Apr 4, 2009 4:13pm Apr 4, 2009 4:13pm
Dear Steve ,
thank you for that post ,
you made a really good point on the daily and 4 hours close ,concerning that in differnt time zones people see different closes on those time frames - my question is on what time zone most traders look at in terms of closes ? and is it cruciall that I'll look at that same time zone since I live on GMT +2 ...
thank you .
  • #10,550
  • Apr 5, 2009 10:37am Apr 5, 2009 10:37am
Hi all be interested in your thoughts on this one.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPSGD.jpg Size: 157 KB
  • #10,551
  • Apr 5, 2009 10:52am Apr 5, 2009 10:52am
Stew
My thoughtshttp://mail.yimg.com/us.yimg.com/i/m...mileys2/50.gif

Too exotic for an old cowboy. What pair is it, GBP/???
  • #10,552
  • Apr 5, 2009 11:41am Apr 5, 2009 11:41am
Quoting stewrigh
Hi all be interested in your thoughts on this one.

Attachment
Here are my conflicted thoughts on this one.

At least 4 tests of the ppz : Quoting from someone on the FFF " Never fade a 4th test" [ so anticipate a move up ]

Strong ppz S/R ... price has retreated from this area [so anticipate a move down]

BBands show in price and time that a regression to the mean is in order [ so anticipate a move down ]

Past 2 or 3 4hr candles show indecision. [ indecision ]

Also note how price rejected the ppz so quickly in the past, but this time bulls and bears are spending more time (candles) at this area [ does this indicate a change in sentiment? a move up?]

Lets see what happens to the latest 4hr candle when the broker opens. Also we can look at a shorter time frame inside the latest 4 hr candle to see what the sentiment was prior to the market closing. This could be useful information, but [not decision making info at this time.]

  • #10,553
  • Apr 5, 2009 11:54am Apr 5, 2009 11:54am
Quoting stewrigh
Hi all be interested in your thoughts on this one.

Attachment
It will most probably retest the resistance and sell off...
  • #10,554
  • Apr 5, 2009 12:05pm Apr 5, 2009 12:05pm
Quoting bapxyz
Stew
My thoughtshttp://mail.yimg.com/us.yimg.com/i/m...mileys2/50.gif

Too exotic for an old cowboy. What pair is it, GBP/???
Its GBP Singapore dollar
  • #10,555
  • Apr 5, 2009 12:06pm Apr 5, 2009 12:06pm
Quoting Lou
Here are my conflicted thoughts on this one.

At least 4 tests of the ppz : Quoting from someone on the FFF " Never fade a 4th test" [ so anticipate a move up ]

Strong ppz S/R ... price has retreated from this area [so anticipate a move down]

BBands show in price and time that a regression to the mean is in order [ so anticipate a move down ]

Past 2 or 3 4hr candles show indecision. [ indecision ]

Also note how price rejected the ppz so quickly in the past, but this time bulls and bears are spending more time (candles) at this area [...
I tend to agree Lou, Its hit that line so many times I;m sure its gonna give way soon - I shall be watching it very closely next week.
  • #10,556
  • Apr 5, 2009 12:08pm Apr 5, 2009 12:08pm
Quoting Shermenator
It will most probably retest the resistance and sell off...
I thought that too but I'm bit worried about the res being exhausted - think I'll just follow PA next week.
  • #10,557
  • Apr 5, 2009 12:38pm Apr 5, 2009 12:38pm
Quoting stewrigh
Its GBP Singapore dollar
Will be a good one to watch, my brokers don't have it.
  • #10,558
  • Apr 5, 2009 9:09pm Apr 5, 2009 9:09pm
Watching G/U for a short @ 1.5

http://i24.photobucket.com/albums/c2...gushort150.jpg

E/U is ways off but keeping an eye on the 1.375 figure...

http://i24.photobucket.com/albums/c2...rex/EU1375.jpg
  • #10,559
  • Apr 5, 2009 9:10pm Apr 5, 2009 9:10pm
Saw this looking through my charts today--thought it might qualify as one of your guys' "no brainer" trades

short between 0.7220 - 0.7250
T/P 0.6800
S/L 0.7310

[IMG]file:///C:/Documents%20and%20Settings/Owner/Desktop/aud.gif[/IMG]
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 12 KB
  • #10,560
  • Apr 5, 2009 9:18pm Apr 5, 2009 9:18pm
Quoting jchronic34
Saw this looking through my charts today--thought it might qualify as one of your guys' "no brainer" trades

short between 0.7220 - 0.7250
T/P 0.6800
S/L 0.7310

[IMG]file:///C:/Documents%20and%20Settings/Owner/Desktop/aud.gif[/IMG]
I've had this on my alert call for awhile now, certainly looks to be a No Brainer.
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