No Brainer Trades

Thanks SR and Shiko! I will get busy reading =)

Not sure if this is a no brainer but it looks interesting

I think you bought too high up .. a but around 1.3100 would have been better.

...small bounce play that I'm watching for at 1.39. A shorter term level but one that should provide a few reaction points if we make it down there.

http://i24.photobucket.com/albums/c2..._EURjune29.jpg

here's a nice little move to start off the day:

here's a nice little move to start off the day////


Yeah, it was my stop loss and few pips below buy order. stop loss triggered, buy order was not.
so far, 3 wins, 1 loss. Loss actually hit take profit but did not cross/ trigger, bounced in profit for 1-2 hours then London opened, hit stop loss and then back into profit.
15 pips up.
Have bad filling about shorting E/U., so canceled all short orders. May be 1.4150-1.4180 would be safer bet.
I see it is just unwilling to go lower.

So, what time and level did you go in and what time and level did you exit. Mind sharing?

Yeah, no problem. Here it is.

E/U: Long: 1.4025/ loss and 1.4014/win
G/U: Long: 1,6460/win
E/J: Short: 134.20/win

Right now no orders on E/U. Very confusing.
I have read at another blog, guy says there is correlation between DOW and E/U. Is this possible?

Shiko,

That blog may be reflecting the fact aht the $$ index correlates with the DOW and of course the $ is part of the E/U. For instance, the EU is now moving up, the $$ index is moving down and we are seeing a rally in the E/U, A/U, G/U.....all tha pairs with the dollar.

SR

Thx. now I understand how you made your 2 trades on EU and why they were loss and win. With hindsight, I know that 1.4016 is better than 1.4025 as S/R.

Yeah, but you cannot deny that price did touch 1.4025 take profit at 1.4043 . It just did not trigger it. 1 pip again...so, generally , position was good, it is just that we can never predict where it will go pip for pip.

I actually got up at night and I saw it happened, and trade was still 8 pips in profit.
so, what do you think, if I see such thing happens, should I just close trade at whatever profit or should let it run?
The problem was it was not far from Europe open... 2:00-4:00 EST I do not trade.

Hello Mr.Steve....

I am addressing you that way because as the time goes on, my addiction to your system developed utmost respect for you and your knowledge you've shared with us. I do not post much in this forum as I find my level of interaction not competing with my fellow traders in this forum, so I always try to be a silent learner. However I made sure that I spread these words of your good work in other forums where I had few of my friends and here is the link for the same. I have given all credits to you Steve wherever I mentioned this system and also mentioned about No Brainer Trades website so that like me many others who are still unsuccessful can grasp this wonderful idea, benefit from it and in return you get their and families prayers and blessings.

http://www.forex-tsd.com/indicators-...indicator.html

Also I am attaching the so called Spike Bar Indicator with my screenshot having it on the chart. it just sort of help me to find out a bar of higher ranges. Hope that helps the community in some or the other way as I have learnt a lot from this.

Important: I have now started understanding market actions much better than before and can anticipate some potential movements beforehand as I just did yesterday. I hope I continue this progress and take it in my Live Trading as well.

Thanks once again for all your good work and a lot to come in the coming days.

God bless this community,

Best regards,
Yusuf SHAIKH

EUR breakout of a significant 4hr level (1.4137) combining my interpretation of a few principles as taught my Mr. BRV..I didn't trade it I am already in the pound

Very nice chart, clear and easy to understand

A well reasoned out trend trade Dingo - nice!

Please visit this http://www.forexfactory.com/showthre...61#post2838661 to evaluate your profit factor target. Sorry for those not interested.

http://www.forexfactory.com/images/misc/progress.gif

Amazing, volatility has been huge since Sunday night.
246 pips lost, 243 pips won. so, no change so far.
I am testing it to the full and leave position whenever I think opportunity present. I think, less volatility is better.

The picture was spoiled by yesterday string of 4 37-40 pips losses on Eur/Jpy

The break out on Monday was unexpected cause other 2 pairs did not break through.
So, such things can happen, but I kept leaving orders and probability brought pips back.