No Brainer Trades | Page 573 | 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

  • #11,441
  • May 14, 2009 9:12am May 14, 2009 9:12am
May 14, 2008 (2008-05-14) (Wednesday)

 

  1. The discovery of G1.9+0.3, the youngest known supernova remnant in the Milky Way Galaxy, is announced. (NASA)

  1. Food prices center stage at EU-Latin America summit. (Reuters)
  2. Democrat Marc Dann resigns as the Ohio Attorney General following a sexual harassment scandal involving several of his aides and an admitted affair with a subordinate. (Akron Beacon Journal)
  3. United States presidential election, 2008: John Edwards, a former contender to be the Democratic Party nominee, endorses the bid of Barack Obama. (BBC News)
  4. The United States Department of the Interior declares that the polar bear is a threatened species due to declining levels of Arctic Ocean ice as a result of global warming. (AP via The New York Times)
  5. A suicide bomber kills at least 22 people and injures 40 in an attack on a funeral in a village west of Baghdad. (AP via Yahoo! News) (BBC News)
  6. Israel

    1. The Prime Minister of Israel Ehud Olmert warns Hamas that Israel will "not tolerate" attacks. (AP via Google News)
    2. The President of the United States George W. Bush starts a trip to the Middle East where he will celebrate Israel's sixtieth anniversary and meet with King Abdullah of Saudi Arabia. (BBC News)
    3. A Katyusha rocket fired at the Israeli city of Ashqelon struck a clinic in the third floor of the Huzot shopping mall. This attack resulted in three people seriously injured, two moderately injured and eleven people suffered minor wounds. The Popular Front for the Liberation of Palestine claims responsibility. (Haaretz)

  7. NATO raises concerns about an increase in insurgent attacks in Afghanistan and raises concern that it is partly due to agreements between Pakistan and militants in the Federally Administered Tribal Areas of Pakistan. (Reuters)
  8. 2008 Sichuan earthquake

    1. Xinhua reports that the confirmed death toll from the 2008 Sichuan earthquake has reached nearly 15,000. Nearly sixty thousand people remain missing near the epicentre of the earthquake. (The Telegraph) (AP via Google News)
    2. Xinhua reports that 2,000 People's Liberation Army troops have been sent to repair "extremely dangerous cracks" in the Zipingku Dam, upriver from Dujiangyan City in Sichuan province. (AP via Google News)

  9. Cyclone Nargis

    1. The United Nations is warning that another cyclone could be forming near Myanmar which was devastated by Cyclone Nargis. (AP via Fox News)
    2. Thailand claims that the State Peace and Development Council will allow 30 Thai doctors to visit the Irrawaddy River Delta region worst hit by the cyclone. (AFP via The Times of South Africa) (AP via Yahoo! News)
    3. The Prime Minister of Thailand Samak Sundaravej fails to convince the State Peace and Development Council to open up for international relief efforts and allow foreign aid workers into the country. (Reuters)

  10. A car bomb explodes in a civil guards barracks in the town of Legutiano in the Basque Country of Spain killing at least one person and injuring several others. (AFP via Google News)
  11. In football, Zenit St Petersburg of Russia win the 2008 UEFA Cup after defeating Scottish side Rangers 2–0 in the final. (BBC News)
  12. In Forex Trading, traders discovered a soon to be respected and admired thread, teaching straightforward, sound, support and resistance techniques. The NO Brainer thread at Forex Factory

Energy and persistence conquer all things! Ben Franklin
  • #11,442
  • May 14, 2009 9:14am May 14, 2009 9:14am
Wow... A original thread reader surfaces! Nice to see you Iron!
  • #11,443
  • May 14, 2009 9:25am May 14, 2009 9:25am
Quoting Iron-man
May 14, 2008 (2008-05-14) (Wednesday)
Iron-man good to see you posting!!

You and BRV are the architects of the strategy and its always inspiring to read your posts.

I will never forget "Iron sharpens iron"
  • #11,444
  • May 14, 2009 9:36am May 14, 2009 9:36am
Quoting Iron-man
May 14, 2008 (2008-05-14) (Wednesday)
[list][*]A car bomb explodes in a civil guards barracks in the town of Legutiano in the Basque Country of Spain killing at least one person and injuring several others. [url="http://afp.google.com/article/ALeqM5gneQfM0cKPfww12wsDqAwu9I9ueQ"](AFP...
Well its about time old pal........the day always comes again.
  • #11,445
  • May 14, 2009 10:17am May 14, 2009 10:17am
Quoting Iron-man
May 14, 2008 (2008-05-14) (Wednesday)

 

  1. The discovery of G1.9+0.3, the youngest known supernova remnant in the Milky Way Galaxy, is announced. (NASA)

In Forex Trading, traders discovered a soon to be respected and admired thread,...

Welcome back, neighbor. Very good to have you here again.

SR
  • #11,446
  • May 14, 2009 10:25am May 14, 2009 10:25am
Quoting shiko
Guys, what should I do psychologically to hang on.
I am using BRV method and it is a real deal, i have not seen anything close to it.
I practically pick tops and bottoms but then close trades for measly few pips.
Seems I cannot see if price already went few pips in my direction if it only tries to move against me I close right away.
I guess it is psychological problem. How did you fight it and succeeded?

Thanks for any advises!
Shiko, I can honestly say from my personal experience and from interaction with other traders that emotions are the biggest obstacle to successful trading bar none. Is is important to be rested and in a positive frame of mind as well as having a system and rules. W.D Gann often pointed out that you should never get out of a trade until there is a clear reason to do so. While I don't agree with everything Mr. Gann wrote, I have found his trading rules to be very profitable. We all have this struggle in our trading and I can tell you it is not so much something to be overcome as it is to be controlled. I have said in the past that support and resistance are not only a great way to enter trades but it is also a great way to track them. I hope the chart below sheds some light on that statement.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 019 1 minute.jpg Size: 90 KB
Energy and persistence conquer all things! Ben Franklin
  • #11,447
  • May 14, 2009 10:30am May 14, 2009 10:30am
Concept, plooB, Seattlerust, my old friend BRV and all the others who have shared over the past year, thank you all. I have enjoyed it as well.
Energy and persistence conquer all things! Ben Franklin
  • #11,448
  • May 14, 2009 11:36am May 14, 2009 11:36am
I have learnt the hard way that trying to anticipate how the news will affect your trading day is pretty tough.

However simply using a reliable calendar (FF is fine) to make yourself aware of WHEN currencies might be affected by news is good defence. Remember news won't necessarily scupper your trades it is often the catalyst that sends a pair off in the direction you had expected so it can pay to look into summary reports of what the market expects to help you decide whether you should expect any reaction.

I may not enter a trade close to big news events as my technical advantage can be temporarily suspended. Entering a trade at these times can become a coin flip - I like my odds higher than 50%!

Similarly if I am already in a trade, just before news announcements is a good time to take some profit and/or tighten up stops. Some may argue that chop at news time means you should widen your stop to stay in the trade but remember winning pips from this point on could be 50/50 so the right thing to do is reduce our risk not increase it.

Some traders in different timezones struggle with keeping news events in their mind so use of a world clock can help. Finally setting a vertical line or alarm on the appropriate chart could help enormously if like me you watch a dozen charts.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfnews140509.jpg Size: 150 KB
  • #11,449
  • May 14, 2009 11:47am May 14, 2009 11:47am
Quoting RedCabbage
I have learnt the hard way that trying to anticipate how the news will affect your trading day is pretty tough.
Very Helpful RC. Thanks for posting this.
  • #11,450
  • May 14, 2009 12:13pm May 14, 2009 12:13pm
FYI there is also an indicator that displays forexfactory news events. I haven't used it, seems like if you forget about news a lot it could help though. It's kicking around here somewhere.
  • #11,451
  • May 14, 2009 12:19pm May 14, 2009 12:19pm
Quoting smittens4212
FYI there is also an indicator that displays forexfactory news events. I haven't used it, seems like if you forget about news a lot it could help though. It's kicking around here somewhere.
I guess that is just MT4 is it?
  • #11,452
  • May 14, 2009 12:24pm May 14, 2009 12:24pm
hi i was thinking of going through all 764 pages so far of this thread to try to mine any gold nuggets of wisdom. i am already a bit into it, i was just curious if you could please tell me why brv hasn't been making as many trade posts and posts on his blog. are people having great success with this method? thanks a lot!

ps brv can you make your charts expandable on your blog? thanks!
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #11,453
  • May 14, 2009 12:31pm May 14, 2009 12:31pm
Quoting eaglestar
hi i was thinking of going through all 764 pages so far of this thread to try to mine any gold nuggets of wisdom. i am already a bit into it, i was just curious if you could please tell me why brv hasn't been making as many trade posts and posts on his blog. are people having great success with this method? thanks a lot!

As someone who just stumble upon this thread about 2 months ago, here's what I'd suggest. Yes, read as much as you can of the 764 pages. There is great stuff in there from many excellent posters including BRV, Iron-Man, Red Cabbage and others.

More importantly though, you should print out the .pdf from the first post that is a collection of some of the most important posts in the thread. Excellent stuff. I've read it 4 times.

On the NoBrainerTrades site there are 60 trade examples. Also excellent material to study.

too-da-loo
  • #11,454
  • May 14, 2009 1:02pm May 14, 2009 1:02pm
Quoting eaglestar
hi i was thinking of going through all 764 pages so far of this thread to try to mine any gold nuggets of wisdom. i am already a bit into it, i was just curious if you could please tell me why brv hasn't been making as many trade posts and posts on his blog. are people having great success with this method? thanks a lot!

ps brv can you make your charts expandable on your blog? thanks!
I'm working on it!

No reason really just need to get back into a groove.
  • #11,455
  • May 14, 2009 1:19pm May 14, 2009 1:19pm
I'm pretty new to forex, started about 2-3 months ago and have been reading through this post and brv's jpeg for about a month now. I've become a huge fan of the strategy. I've been using it successfully for a bit now and I'd like to thank all the regulars and occasional posters, by the way congrats on the 1 yr success.

Here's a trade I've been thinking about on CHF. Any suggestions/comments are more than welcome. In my amateur opinion I'll be keeping an eye on the 1.1031 area for a long. It's been a S/R and BB.

Good trading to all and thanks for any advice.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 6.png Size: 105 KB
  • #11,456
  • May 14, 2009 1:34pm May 14, 2009 1:34pm
Quoting Sam's Voice
In my amateur opinion I'll be keeping an eye on the 1.1031 area for a long. It's been a S/R and BB.
Yes, indeed! It also has an inverted H&S (H1 chart) and a Bullish Gartley (daily chart) to give it added probability.

And welcome.

SR
  • #11,457
  • May 14, 2009 1:43pm May 14, 2009 1:43pm
Hey, Hey Billy Ray !


Looks like I'm missing the B-day party here, just wanted to let everybody know that if it wasn't for this man I'd thrown the towel a long time ago (probably at around a year ago). Timing is everything.

Just a shame for those 5000 geeks who didn't believe it and are not with us anymore.
If you haven't got a ship then it must be just a question of time till u do, in any event I wish ya plain sailing.

Al
Be like a post stamp! Stick to it until you get there!
  • #11,458
  • Edited 2:02pm May 14, 2009 1:50pm | Edited 2:02pm
Boom boom boom....like climbing a ladder...who needs an rsi/stochastic/moving average/whatever with something as clean as this:

The 'Stacking Bricks' article goes over this stuff - in the strategy area on the blog and I think one of the posts highlighted on the 1st page of this thread.
Attached Image (click to enlarge)
Click to Enlarge Name: tc.gif Size: 17 KB
  • #11,459
  • May 14, 2009 2:03pm May 14, 2009 2:03pm
Quoting BillyRayValentine
Boom boom boom....like climbing a ladder...who needs an rsi/stochastic/moving average/whatever with something as clean as this:
how far back do you keep s/r levels? have you ever thought of color coding them like white most important blue lesser red lesser green lesser yellow least? i am trying to concoct a method of trading based on your thread bobokus thread and channels that is simplest way to say at the moment look at this post of mine if you can and tell me your opinion.

any insight and help would be so grateful. if you make ma a pro trader 1% of my profits are yours hehe
i trade full time 50 hours a week but recently ran into some stress so my live account suffered. best week was 75% roi but will do better here i am sure.

http://www.forexfactory.com/showpost...ostcount=96265
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #11,460
  • May 14, 2009 2:08pm May 14, 2009 2:08pm
Quoting RedCabbage
Sorry I should have posted this up earlier when I set it up but it has been hard to get excited about this morning's trade.

NZD RBS

a point I sold earlier in the month makes a reasonable place to buy from although it really is one fo very few opportunities so far today.

I'll get back into the habit of posting up charts with plenty of warning and a chance to discuss.

rbs/tf/tl/prt/s/r/

UPDATE : 1st TP 5925 would have given you around 50 pips - shame I was unsure about this one at the time and didn't take it.
100 out of 120pips were possible on this one - guess who wishes he had taken it!
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd140509update.jpg Size: 153 KB
7 traders viewing now