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No Brainer Trades

  • #11,881
  • Jun 1, 2009 9:24am Jun 1, 2009 9:24am
Quoting bumasoft
Buy AUDUSD @ 0.8047, sl. at 0.8004, closed at 0.8082 for 35 pips
Buy GBPUSD @ 1.6205, sl. at 1.6150, closed at 1.6282 for 77 pips
Buy GBPJPY @ 154.25, sl. at 153.65, closed at 154.82 for 57 pips

170 pips in 1 hour
And -400 pips at the end of the day. LOL
  • #11,882
  • Jun 1, 2009 10:20am Jun 1, 2009 10:20am
Quoting bumasoft
And -400 pips at the end of the day. LOL
what happened to you ? Why minus 400 pips. pleas show us...
  • #11,883
  • Jun 1, 2009 10:52am Jun 1, 2009 10:52am
EUR/JPY approaching S/R level.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 16 KB
  • #11,884
  • Jun 1, 2009 11:37am Jun 1, 2009 11:37am
....both hitting some noteworthy areas. If you look across the board you'll also be able to see that other equity markets are at key areas as well. How does this affect things? Risk traders, buying into USD on the demise of equity markets, if we get a failure anywhere around here across world indices. We're at some short term hyper-extended levels, which we havent seen in a long time (last time it was on the way down), not to mention sizeable opening gaps left over from the weekend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: spxlocal.gif Size: 16 KB
Click to Enlarge Name: dollar.gif Size: 19 KB
  • #11,885
  • Jun 1, 2009 1:57pm Jun 1, 2009 1:57pm
Quoting BillyRayValentine
....both hitting some noteworthy areas. If you look across the board you'll also be able to see that other equity markets are at key areas as well. How does this affect things? Risk traders, buying into USD on the demise of equity markets, if we get a failure anywhere around here across world indices. We're at some short term hyper-extended levels, which we havent seen in a long time (last time it was on the way down), not to mention sizeable opening gaps left over from the weekend.
A little off topic, but how does one go upon getting Equity and Commodities on MT4?
  • #11,886
  • Jun 1, 2009 2:43pm Jun 1, 2009 2:43pm
Quoting onmyself
what happened to you ? Why minus 400 pips. pleas show us...
Well, I am at some company (trainee) and they gave me some stupid rules:

- fixed 60 pip SL, minimum 60 pip TP on GBPJPY, fixed 55 pip SL and min. 55 pip TP on GBPUSD and fixed 45 pip SL and min. 45 pip TP on AUDUSD;
- do not let 3 minutes pass without having a position open ON EACH OF THE THREE PAIRS.

So I'm trading these 3 pairs using those stupid rules :-|

PS: Took 16 trades. News caught me and I can't avoid news, because of the second rule...
  • #11,887
  • Jun 1, 2009 4:25pm Jun 1, 2009 4:25pm
Quoting Concept
A little off topic, but how does one go upon getting Equity and Commodities on MT4?

A few companies offer them. These screenshots are from Broco Investments, a Russian company....someone gave me the link a long time ago.
  • #11,888
  • Jun 1, 2009 4:32pm Jun 1, 2009 4:32pm
Quoting bumasoft
Well, I am at some company (trainee) and they gave me some stupid rules:

- fixed 60 pip SL, minimum 60 pip TP on GBPJPY, fixed 55 pip SL and min. 55 pip TP on GBPUSD and fixed 45 pip SL and min. 45 pip TP on AUDUSD;
- do not let 3 minutes pass without having a position open ON EACH OF THE THREE PAIRS.

So I'm trading these 3 pairs using those stupid rules :-|

PS: Took 16 trades. News caught me and I can't avoid news, because of the second rule...
You kidding,right !?
  • #11,889
  • Jun 1, 2009 4:42pm Jun 1, 2009 4:42pm
Quoting BillyRayValentine
A few companies offer them. These screenshots are from Broco Investments, a Russian company....someone gave me the link a long time ago.
Good to know!
Thanks a million. Also do they charge for the charts or can you perhaps get a delayed demo???
  • #11,890
  • Jun 1, 2009 4:43pm Jun 1, 2009 4:43pm
I took a short on e/g this morning at 8640 but it seems like it has stalled. 8600 seems to be the real support. I moved my sl to b/e.

PS: Thanks to BRV for this thread and the new chat feature on his site. I feel a bit more confident in my trades after throwing my ideas out there and discussing potential setups. It's been a good month for me.
  • #11,891
  • Jun 1, 2009 6:24pm Jun 1, 2009 6:24pm
What do you guys think about this dow chart?

Declining volume with increases in price. Today's candle has a large spread (high to low) but on lower volume and into the 200-SMA.
Attached Image (click to enlarge)
Click to Enlarge Name: DOW.png Size: 232 KB
  • #11,892
  • Jun 1, 2009 6:56pm Jun 1, 2009 6:56pm
Morning ,

Well 8650 went on eur/gbp so that's looking nice. And cad certainly made it's retreat . I'm sure a lot of people will have noticed the giant hammer it formed (maybe for another thread).

Cheers.
  • #11,893
  • Jun 1, 2009 10:24pm Jun 1, 2009 10:24pm
http://i24.photobucket.com/albums/c2...urusdjune1.jpg

Thoughts?

50% fib of the recent leg up. Shorter term price but a way to stay with the trend & play the S&R.
  • #11,894
  • Jun 2, 2009 12:37am Jun 2, 2009 12:37am
Spike base pattern

Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 20 KB
  • #11,895
  • Jun 2, 2009 1:46am Jun 2, 2009 1:46am
Quoting jack.canadia
What do you guys think about this dow chart?

Declining volume with increases in price. Today's candle has a large spread (high to low) but on lower volume and into the 200-SMA.
Good observation and its being reflected in futures prices early on tonight - also taking down EUR, GBP, etc, atleast for a little bit here....its overdue. I noticed on a friend's blog he had the same chart posted with the 200 MA - also a diagonal trendline here, and a big-daddy opening gap left over from the weekend.


.
  • #11,896
  • Jun 2, 2009 2:40am Jun 2, 2009 2:40am
Quoting Ferrari
Spike base pattern

Attachment
I didn't catch it, hope it backs again......
  • #11,897
  • Jun 2, 2009 2:54am Jun 2, 2009 2:54am
Quoting showfish
I didn't catch it, hope it backs again......
Hmm, to me that was a level for profit-taking. The bull-run seems to be over for a while, although barrier attack at 1.6500 remains a possibility, and today's session offered a coupled of good short entries at 1.6450 and then retracement to 1.6410, with corresponding levels in Euro. Why fade the session trend? Now likely consolidation around current levels until NY wakes up.
  • #11,898
  • Jun 2, 2009 3:05am Jun 2, 2009 3:05am
Quoting medici
Hmm, to me that was a level for profit-taking. The bull-run seems to be over for a while, although barrier attack at 1.6500 remains a possibility, and today's session offered a coupled of good short entries at 1.6450 and then retracement to 1.6410, with corresponding levels in Euro. Why fade the session trend? Now likely consolidation around current levels until NY wakes up.
Do not understand the 1.6450 level, would please talk a bit more about it ? I did not find any highs or lows about it. Thx
  • #11,899
  • Jun 2, 2009 3:17am Jun 2, 2009 3:17am
Quoting showfish
Do not understand the 1.6450 level, would please talk a bit more about it ? I did not find any highs or lows about it. Thx
1.6455 was effectively the high of the Asian session with a brief excursion above at the Tokyo fix. For the whole session there had been selling going on at this level. Furthermore, checking the GBP crosses you can see that there had been flows out of GBP overnight. Very likely to continue during the London session, as the pair is at extended levels and people want to take some money off the table. So a high-probability short. My own entry was at 1.6447 at 6.36.

Hope that clarifies things.
  • #11,900
  • Jun 2, 2009 3:48am Jun 2, 2009 3:48am
Quoting medici
1.6455 was effectively the high of the Asian session with a brief excursion above at the Tokyo fix. For the whole session there had been selling going on at this level. Furthermore, checking the GBP crosses you can see that there had been flows out of GBP overnight. Very likely to continue during the London session, as the pair is at extended levels and people want to take some money off the table. So a high-probability short. My own entry was at 1.6447 at 6.36.

Hope that clarifies things.
Still muddled in my head, the question of effective high seems a little off the thread. so I'd like to ask about how to find out there had been flows out of GBP? Is that the small drops of the price? hope do not trouble you
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