No Brainer Trades | Page 569 | 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

  • #11,361
  • May 12, 2009 7:37am May 12, 2009 7:37am
Here is another Gartley. This is the 1H chart of the EURJPY. This is an almost "perfect" pattern completing at about 131.00 which is a very nice support level easily seen on both the 4H chart, but best on the daily. There are three Fibs in confluence at this level too.

I will have my eye on this one.

SR
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Gartley 051209.gif Size: 14 KB
  • #11,362
  • May 12, 2009 7:56am May 12, 2009 7:56am
Looking at some sideways drift here momentarily and seeing if it wants to spawn into any higher territory. Percentage wise, this is by far the biggest gain we've seen since the start of this recession. 1.5350 was the reactionary point, again on the LAST MOVE. I always stress that.

Anyway immediate resistance is 1.5350, 1.5380, or the top of the channel around the mid 1.54's for turning points.

I still like the 1.5535 area the best, and would go short there if price isnt going out of control at the time.

I'm just waiting for this pair to get hit hard at some point, still my prediction.

Buyers still not slowing down short term though. A news event could really give this a shove higher (even a lot higher) so at this stage in the game buying still not out of the question until these areas get hit.
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 23 KB
  • #11,363
  • May 12, 2009 8:11am May 12, 2009 8:11am
EUR developing what looks like could be a cup and handle pattern. If that's the case would look for a minor pullback in the vicinity of the areas marked up here, a retracement, and then a move to the upside. So two conflicting stories here.

It could of course failure alltogether, but that's yet to be determined. On longer term charts we are making higher lows.
Fundamentally, we're getting overbought in comparative terms. But the word 'overbought' means jack squat 40% of the time - that's the statistic, atleast.

http://www.investopedia.com/terms/c/cupandhandle.asp
Attached Image (click to enlarge)
Click to Enlarge Name: eu4.gif Size: 22 KB
  • #11,364
  • May 12, 2009 8:16am May 12, 2009 8:16am
Quoting BillyRayValentine
Looking at some sideways drift here momentarily and seeing if it wants to spawn into any higher territory. Percentage wise, this is by far the biggest gain we've seen since the start of this recession. 1.5350 was the reactionary point, again on the LAST MOVE. I always stress that.

Anyway immediate resistance is 1.5350, 1.5380, or the top of the channel around the mid 1.54's for turning points.

I still like the 1.5535 area the best, and would go short there if price isnt going out of control at the time.

I'm just waiting for this pair to get...
wehey

At these rates us Brits might even become US tourists again!
  • #11,365
  • May 12, 2009 8:23am May 12, 2009 8:23am
Quoting RedCabbage
wehey

At these rates us Brits might even become US tourists again!
One thing is for sure that these rates are definitely keeping Americans out of Britain.

Economic border patrol.


.
  • #11,366
  • May 12, 2009 8:34am May 12, 2009 8:34am
Quoting BillyRayValentine
Its not bad here. You're welcome to come. We stopped being mad at you guys in the early 1800's. The French helped us out with that
That's not what they told me in Boston! It seems we upset a few people

Anyway I assume you know about searching for 'French Military Victories' on Google and clicking 'I'm feeling lucky'
  • #11,367
  • Edited 8:49am May 12, 2009 8:36am | Edited 8:49am
Quoting RedCabbage
That's not what they told me in Boston! It seems we upset a few people

Anyway I assume you know about searching for 'French Military Victories' on Google and clicking 'I'm feeling lucky'
HAHAHAHAHAHA

Boston, New York, we're all nutjobs. I'm from Providence originally, so I guess you could say I'm confused.

All I know is they helped us, and then went into a revolution. That's what you get for helping people.

Very 'No Brainer' topic material. We'll start a new forexfactory thread called 'US, French and Britain relations' and I'll post performance of who kicks who's ass more times. And then I'll start a spin-off blog.
  • #11,368
  • May 12, 2009 8:46am May 12, 2009 8:46am
Quoting RedCabbage
Now +50pips - all safe from here.

Update: - Too much traffic for this to be a runner, price is bouncing off a minor TL and is trying to form a new channel.
Wrong!

nice bit of risk aversion from the NY session sees the second half of my trade well up.
  • #11,369
  • May 12, 2009 9:27am May 12, 2009 9:27am
Quoting RedCabbage
Wrong!

nice bit of risk aversion from the NY session sees the second half of my trade well up.

My 4hr support target of 13144 was just missed but still this has been a great 200 pip move today with my second half picking up 179 to go with the first half's +50.

I'll be off to do something else for the rest of the day now.
  • #11,370
  • May 12, 2009 9:48am May 12, 2009 9:48am
Quoting seattlerust
Here is another Gartley. This is the 1H chart of the EURJPY. This is an almost "perfect" pattern completing at about 131.00 which is a very nice support level easily seen on both the 4H chart, but best on the daily. There are three Fibs in confluence at this level too.

I will have my eye on this one.

SR
I will go long on this one if it gets there.

EURJPY Long @ 131.00
RBS
TF
000
Fibs
R
S
PA

70%

SR
  • #11,371
  • May 12, 2009 9:53am May 12, 2009 9:53am
Nice trades RC, I ended up cutting that GU trade way too short. Jumped out after 100 pips, missed another quick 100+ in the next 3-4 hours after that. I just can't for the life of me stay awake and clearheaded long enough to let those moves fully develop without being completely useless at work the next morning

Worst part is that did hit my far target (the upper trendline), and there was never really any good reason to get out when I did.
  • #11,372
  • May 12, 2009 10:13am May 12, 2009 10:13am
I had 131.50 marked, nice 50 pip bounce so far

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy12may09.gif Size: 23 KB
  • #11,373
  • May 12, 2009 10:18am May 12, 2009 10:18am
Nice work. It was going against what was imo a very strong level though, 133.50. Sometimes it's almost scary how accurate those levels can be, especially in conjunction with certain patterns and other confluence.

That level was a 50, an almost perfectly symmetric head and shoulders (seriously, check out the number of bars from shoulder to head, and they're almost identical on both sides), and a 23.6 fib. About as no-brainy as they get
  • #11,374
  • May 12, 2009 10:21am May 12, 2009 10:21am
Here's the chart, no mt4 at work

looks like some people traded it, it's still going too
Attached Image (click to enlarge)
Click to Enlarge Name: ej.JPG Size: 72 KB
  • #11,375
  • May 12, 2009 11:44am May 12, 2009 11:44am
Well supported plus the bottom of the range.
Attached Image (click to enlarge)
Click to Enlarge Name: 09-05-12uj.gif Size: 20 KB
  • #11,376
  • May 12, 2009 12:29pm May 12, 2009 12:29pm
These mid drift double zeros usually pay out well - here's 50 pips in pretty low vol at 5200.
Attached Image (click to enlarge)
Click to Enlarge Name: eu4.gif Size: 14 KB
  • #11,377
  • May 12, 2009 12:34pm May 12, 2009 12:34pm
hi folks,

I am salivating over this eventual opportunity
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 74 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #11,378
  • May 12, 2009 7:07pm May 12, 2009 7:07pm
Quoting djambazov84
hi folks,

I am salivating over this eventual opportunity
That's a good one, except for the fact that GBPJPY does not like me.
  • #11,379
  • May 12, 2009 7:39pm May 12, 2009 7:39pm
EUR/USD coming up to that 1.374 level...
  • #11,380
  • May 12, 2009 7:39pm May 12, 2009 7:39pm
Morning,

Nice level on the Usd/Jpy. The $ is under a bit of pressure so i'm looking for a breakout on this one.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 29 KB
33 traders viewing now