No Brainer Trades

That being said, it looks like we came within about 30points of that line and then retraced 200 points so I would be careful about playing this line a second time, especially if we continue to have a US equities rally/USD weakness this week.

http://i24.photobucket.com/albums/c2...ex/autouch.jpg

G/U seems likely to have another bounce in it at 1.5

Yep yep.

How's the E46 running libb?

Great. Cleaned her today and cruised around in the perfect Vegas weather in the alpine white coupe. Was bliss

Ahh, I bet! AW = Sick.

Just came back from your city last weekend...was gorgeous, 70ish, sunny...light breeze...LA girls everywhere...pshhh

I'm scaling into some USD/CAD...

http://i24.photobucket.com/albums/c2...rex/april5.jpg

It wants to move up, but then the spreads are widening every time. Is anyone else seeing this with USD/CAD?

I have found that at the open of most trading platforms, which is a few hours before Japan on Sunday, the spreads can be wild. But at the time of your post, the spreads on CAD and other pairs should be stable. You might want to set up a few demo accounts with other companies to see if you are getting taken at this time with lack of liquidity with that broker. Having several brokers is always a good idea. Long live this thread and all who contribute to it.

Been looking at this chart a bit over the weekend. Anyone think that 1.12 is going to offer little to no resistance? Seems to have been used and abused in the previous few weeks.

Concept
If you stick another 2 on there I think you will find some resistance. I would use a tight TP&SL though. After that I think maybe 1.1195-1.1182 for the next resistance.

why is everone quiet

sold eurjpy at 136.53 and have taqrget 134.45. put sell in ages ago but it was just sitting there.

gbpusd. Looks like sell, but because of slow movement and more momentum on the up side, I am going to wait for it to come down to 741 line and take it up from there. Could turn earlier than that, but it would not be a sure buy for me.

Waiting for 395 for a sell on the usdcad. Have 449 marked if it should go a little higher, but that is my preferred option. Will wait to see what happens.

80 pips up in eurjpy. Might stop when gap is filled so I might take profit then. Will go to 5 min chart to decide. Also will depend on hourly turn over and where it is. Either way, I am happy with it so far.

Looks like it just about hit my mark on usdcad but I would not automatically take a sell at that level. it might go to 449. Best to let it breathe and see as other charts are moving as well and it might stab a little higher.

closed eurjpy for 70 pips. I dont like the time and it may jump up a bit before turn of hour. will have to wait now.

I will watch 5 min chart on usdcad for sell at turn of hour, and if my alt charts also look like turning on 5 min chart I will take the sell. Other charts aren't in position for me to look at them for a trade, but this one looks good for a sell.

I hit my mark on the usd/cad. I believe it has hit its mark and starting to retrace a little early.

Yep. that is so. I missed peak, will not touch now unless it jumps up a little again. turn of hour can play havoc and although I will get in before, I will only do so under certain circumstances. Learnt that the hard way.