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No Brainer Trades

  • #11,921
  • Edited 1:49am Jun 3, 2009 1:42am | Edited 1:49am
Quoting BillyRayValentine
here on USD/JPY - looking like it wants to go....also marked up on the chart are my bigger areas for this pair at the moment.
I know you like to keep your charts cleaner than mine but if you add a lower TL to this pair it forms a nice triangle.
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  • #11,922
  • Jun 3, 2009 3:41am Jun 3, 2009 3:41am
Hi guys !

What about this long?

EUR 1.4212/07
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Psssst !!!... I have found the Holy Grail !!!.... It's YOU !!!
  • #11,923
  • Jun 3, 2009 4:03am Jun 3, 2009 4:03am
Short @ 1.4270
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Psssst !!!... I have found the Holy Grail !!!.... It's YOU !!!
  • #11,924
  • Jun 3, 2009 5:16am Jun 3, 2009 5:16am
why Im always talking about longer term levels intraday, in case you ask: why 4180?
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  • #11,925
  • Jun 3, 2009 5:42am Jun 3, 2009 5:42am
Turned out nice again!
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  • #11,926
  • Jun 3, 2009 6:24am Jun 3, 2009 6:24am
Target 1.4143 123.6 extension and support

+50 for now nailed at pip !
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Psssst !!!... I have found the Holy Grail !!!.... It's YOU !!!
  • #11,927
  • Jun 3, 2009 11:46am Jun 3, 2009 11:46am
Anyone watching for a quick scalp/bounce off 1.41?

1.40-1.405 is my preferred price point but I believe 1.41 should give up a few points.
  • #11,928
  • Jun 3, 2009 12:53pm Jun 3, 2009 12:53pm
Quoting RedCabbage
Buma is in a training program.

I suspect the rules they are applying to the demo account are designed to get the trainees used to multiple trade management.

And learning to accept losses.
That's a very interesting approach.Never heard of it before.
But ,definitely makes a lot of sense , specially when it comes to accept losses.
  • #11,929
  • Jun 4, 2009 4:42am Jun 4, 2009 4:42am
Quoting speedarad
That's a very interesting approach.Never heard of it before.
But ,definitely makes a lot of sense , specially when it comes to accept losses.
I think I finally figured out what they're actually trying to teach us. A fixed 60 pip TP on EURJPY plus the 3 minute rule (don't let 3 minutes pass without having an open position) does not let you take countertrend trades. Why? Because many times you have to take a trade in "open space" (I mean you don't go long at support most of the time, you go long some tens of pips above support, because of the 3 minute rule). So the solution is to figure out what the trend is and only take trades in that direction. That way, chances of profit are much increased. I made 170 pips today so far and have 3 longs open. Of course, it also teaches us to be patient and not close transactions before the TP is reached and we're learning how to manage multiple trades at the same time...
  • #11,930
  • Jun 4, 2009 6:54am Jun 4, 2009 6:54am
yesterday,I placed a sell limit order at 1.4240 and was right hit.
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  • #11,931
  • Jun 4, 2009 7:08am Jun 4, 2009 7:08am
Drop in cable = Rumor Gordon Brown just quit.

sell the news



.
  • #11,932
  • Jun 4, 2009 7:29am Jun 4, 2009 7:29am
Since the chat, this thread has become very quiet. I does not have its previous vigor. I miss it. For some reason, the chat isn't the same. Maybe it is the lack of visuals? perhaps the machine-gun pace of the commentary? The shoot-from-the-hip perception? I just don't know.

Anyone else have thoughts?

SR
  • #11,933
  • Jun 4, 2009 7:31am Jun 4, 2009 7:31am
Quoting BillyRayValentine
Drop in cable = Rumor Gordon Brown just quit.

sell the news



.
Holy Mother of Jesus! That one caught me on the long side on EURJPY, EURUSD and GBPUSD. -260 pips today :-|
  • #11,934
  • Jun 4, 2009 8:20am Jun 4, 2009 8:20am
Quoting bumasoft
Holy Mother of Jesus! That one caught me on the long side on EURJPY, EURUSD and GBPUSD. -260 pips today :-|
All these currency pairs formed a perfect bearish outside bar yesterday,respectively.So today I have never thought of buying any one of them.
  • #11,935
  • Jun 4, 2009 8:45am Jun 4, 2009 8:45am
Quoting seattlerust
Since the chat, this thread has become very quiet. I does not have its previous vigor. I miss it. For some reason, the chat isn't the same. Maybe it is the lack of visuals? perhaps the machine-gun pace of the commentary? The shoot-from-the-hip perception? I just don't know.

Anyone else have thoughts?

SR
I know what you mean. There doesn't seem to be an obvious compromise.

FF can be too slow so impetus is lost and the chat can be too fast to keep up with so important posts can be missed.

I feel like I have already done more than my fair share of thread promoting over the past few months!
  • #11,936
  • Jun 4, 2009 8:48am Jun 4, 2009 8:48am
Quoting onmyself
yesterday,I placed a sell limit order at 1.4240 and was right hit.
Dude me too! Good work.

http://www.forexfactory.com/showpost...postcount=1215
  • #11,937
  • Jun 4, 2009 8:49am Jun 4, 2009 8:49am
.....next approach is a sell into it, if it comes.
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  • #11,938
  • Jun 4, 2009 9:29am Jun 4, 2009 9:29am
sold at the r level .A wonderful day for me today.
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  • #11,939
  • Jun 4, 2009 9:35am Jun 4, 2009 9:35am
Quoting onmyself
sold at the r level .A wonderful day for me today.

nice!!
  • #11,940
  • Jun 4, 2009 10:06am Jun 4, 2009 10:06am
Long USDCAD?
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