No Brainer Trades | Page 585 | 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

  • #11,681
  • May 21, 2009 10:58pm May 21, 2009 10:58pm
Quoting Siam
Hey guys,

Could somebody put up a daily usd/cad chart. Im away from my workstation and have a short position running and need to take a look at it.

Thanks
Here ya go
Attached Image (click to enlarge)
Click to Enlarge Name: hj.gif Size: 24 KB
FF journal: Peaks and Troffs
  • #11,682
  • May 21, 2009 11:00pm May 21, 2009 11:00pm
Sorry, didn't read it correctly.
Attached Image (click to enlarge)
Click to Enlarge Name: gh.gif Size: 25 KB
FF journal: Peaks and Troffs
  • #11,683
  • May 21, 2009 11:10pm May 21, 2009 11:10pm
Looking to buy eurusd on a retracement ...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 31 KB
  • #11,684
  • May 22, 2009 1:29am May 22, 2009 1:29am
Quoting Iron-man
Man I tell ya. You misplace the personal information of +25 million British citizens once, just once and they never let you forget it.

Yeah, we area bit funny like that.
But the thing is if you start forgiving them with small things where is it going to end?
Be like a post stamp! Stick to it until you get there!
  • #11,685
  • May 22, 2009 1:53am May 22, 2009 1:53am
Quoting Siam
Hey guys,

Could somebody put up a daily usd/cad chart. Im away from my workstation and have a short position running and need to take a look at it.

Thanks
Just watch out for the TL I reckon around 11250-11230.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad220509daily.jpg Size: 154 KB
  • #11,686
  • May 22, 2009 2:26am May 22, 2009 2:26am
Shorted the beast under 149 for a fast 60 pips. Going well so far.
  • #11,687
  • May 22, 2009 2:40am May 22, 2009 2:40am
Quoting bumasoft
Shorted the beast under 149 for a fast 60 pips. Going well so far.
Brave...





...but good!
  • #11,688
  • May 22, 2009 2:53am May 22, 2009 2:53am
Quoting RedCabbage
Brave...





...but good!
I know. I don't usually play breakouts, but... I banked 60 pips on this one
  • #11,689
  • May 22, 2009 2:59am May 22, 2009 2:59am
Is it good to sell GBPUSD @1.5814-1.5821 when the price retrace ? not sure about it, any comment welcome.
  • #11,690
  • May 22, 2009 3:04am May 22, 2009 3:04am
Quoting showfish
Is it good to sell GBPUSD @1.5814-1.5821 when the price retrace ? not sure about it, any comment welcome.
I was thinking about that myself. Not sure though, better ask the pros

PS: Looks kinda counter-trend, so maybe it's not a good idea. Plus there's important news in 25 minutes. We'd better wait.
  • #11,691
  • May 22, 2009 3:12am May 22, 2009 3:12am
Quoting bumasoft
I was thinking about that myself. Not sure though, better ask the pros

PS: Looks kinda counter-trend, so maybe it's not a good idea. Plus there's important news in 25 minutes. We'd better wait.
agree， let's wait...
  • #11,692
  • May 22, 2009 3:13am May 22, 2009 3:13am
Quoting showfish
agree， let's wait...
I think a better call would be a long near 1.5700, but we still have to wait till after the news to see how the market takes it.
  • #11,693
  • May 22, 2009 3:25am May 22, 2009 3:25am
Quoting showfish
Is it good to sell GBPUSD @1.5814-1.5821 when the price retrace ? not sure about it, any comment welcome.
Aren't you just sorry you missed the party? London profit taking is over, the trend is still up, and the sun is shining ahead of a long weekend. Much better to learn to trade the London open and call it a day at this stage.
  • #11,694
  • May 22, 2009 3:44am May 22, 2009 3:44am
Quoting medici
Aren't you just sorry you missed the party? London profit taking is over, the trend is still up, and the sun is shining ahead of a long weekend. Much better to learn to trade the London open and call it a day at this stage.
Not sure if i understand your words. Do you mean ,the previous hour's drop is just a way they take profit. The London time has just begin for less then 2 hours, it's so important?
  • #11,695
  • Edited 3:57am May 22, 2009 3:56am | Edited 3:57am
Quoting showfish
Not sure if i understand your words. Do you mean ,the previous hour's drop is just a way they take profit. The London time has just begin for less then 2 hours, it's so important?
Yep, what you saw was profit taking ahead of the weekend, and maybe some easing of positions as everybody, including the neighbour's dog, is short the dollar.

London is good for short term traders because the bulk of the day's volume gets traded then, and before the NY open it is almost entirely order book driven and thus more predictable using among other things S/R on a 5 minute chart. After the NY open equity index correlations often disturb the picture at least from a short-term perspective. The 'open' is at 7am but it's good to have your analysis done by 6am when Tokyo closes, and things start to cool down after the 9am fix usually not later than 9.30. And now it's 9.55 and I will go out and enjoy the sunshine.
  • #11,696
  • May 22, 2009 4:11am May 22, 2009 4:11am
Quoting medici
Yep, what you saw was profit taking ahead of the weekend, and maybe some easing of positions as everybody, including the neighbour's dog, is short the dollar.

London is good for short term traders because the bulk of the day's volume gets traded then, and before the NY open it is almost entirely order book driven and thus more predictable using among other things S/R on a 5 minute chart. After the NY open equity index correlations often disturb the picture at least from a short-term perspective. The 'open' is at 7am but it's good to have your analysis...

Wonderful reply , thx , I'd like to mark it . There are so many things left for me to study.
  • #11,697
  • May 22, 2009 8:15am May 22, 2009 8:15am
Quoting medici
Aren't you just sorry you missed the party? London profit taking is over, the trend is still up, and the sun is shining ahead of a long weekend. Much better to learn to trade the London open and call it a day at this stage.



I like your style!

Welcome.
  • #11,698
  • May 22, 2009 8:38am May 22, 2009 8:38am
Yeah, London session When I started trading live first, I traded with MBtrading London session open. I liked to trade it. However i am at work now during this time and have to trade New York. it is much trickier time to trade.
I wish I could start trading London again. I always come back home, open computer and see alll the beautiful stuff had happened and I am free to pik the bones
  • #11,699
  • May 22, 2009 8:39am May 22, 2009 8:39am
I love this thread. so many good knowledgeable traders around and generally a lot of nice guys.
again, thanks BRV for this
  • #11,700
  • May 22, 2009 8:41am May 22, 2009 8:41am
Quoting shiko
Yeah, London session When I started trading live first, I traded with MBtrading London session open. I liked to trade it. However i am at work now during this time and have to trade New York. it is much trickier time to trade.
I wish I could start trading London again. I always come back home, open computer and see alll the beautiful stuff had happened and I am free to pik the bones
Just go to longer timeframes and use some orders. Siam is very good at this approach I believe.
3 traders viewing now