No Brainer Trades | Page 623 | 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

  • #12,441
  • Jul 3, 2009 3:15am Jul 3, 2009 3:15am
Quoting Tori
Looks good so far Siam. I got out of my trade for nice pips but didnt take the sell. Spent too long congratulating myself and missed a good opportunity. hehe.
Its Friday afternoon here.

And I'm just tempted to close this and open the bar.
  • #12,442
  • Jul 3, 2009 3:29am Jul 3, 2009 3:29am
eurjpy might bounce here. I am still looking for 135.05 and will buy again. Will risk a few pips to find out.
  • #12,443
  • Jul 3, 2009 4:20am Jul 3, 2009 4:20am
Quoting Siam
Its Friday afternoon here.

And I'm just tempted to close this and open the bar.

Siam -

Where are you? It's Friday afternoon for me too.
"Money is easy to make, but hard to keep" - FWV 1975
  • #12,444
  • Jul 3, 2009 7:04am Jul 3, 2009 7:04am
It looks like there is such a thing like overwaiting.
I was looking to go long on E/U at 1.3980. Later, I decided since price was playing around too close for too long, I set order on the next level I was thinking was good. 1.4065. ok. It seems it was pure coincidence that just few minutes after I set my order they dropped a big load killing me instantly I came back to find this huge drop.
Took long and traded half of the lost back.nevertheless, 2 days wasted should have left this long running overnight. I already noticed, if there is sudden and unexplained price jump, like Wednesday E/U to 1.4200 and l like yesterday, price slowly moves back to previous S/R level which was "broken". It is probably profit taking by big boyz.
I usually set orders around 5:00-6:00. as I understand it is big guys do whatever they want time. Probably I should change time and set orders since 7:00 EST , Japan session open time.
  • #12,445
  • Jul 3, 2009 7:27am Jul 3, 2009 7:27am
from133.68 with a target of135.32./////


Tori, I understand taking position at 1.33.68. Good support, but why 135.32 is a target?
I see there is heavy resistance along 134.90-135.15. Wouldn't it better to set target a little bit lower before this level?
Or may be you see something I do not see?
  • #12,446
  • Jul 3, 2009 7:31am Jul 3, 2009 7:31am
I was expecting this breakout would develop into a big move. Think about how long the price have been moving within the price channel. A false breakout this time, any explanation?
Attached Image
  • #12,447
  • Jul 3, 2009 7:46am Jul 3, 2009 7:46am
kk007, I think it was some minor support around 1.6305-1.6310. If you open 3-4 hours chart, you will see it for yourself. I think, today is Independence day, so, not enough cash flow to break through.
I also was waiting it to go in 1.6228-1.6200 direction to take long poosition. No luck today.
  • #12,448
  • Jul 3, 2009 8:20am Jul 3, 2009 8:20am
Due to the time spent within the channel, I was expecting the breakout should be large. Nevertheless, today is US holiday and this fact can really explain the weakness of the breakout. cheers.
  • #12,449
  • Jul 3, 2009 9:49am Jul 3, 2009 9:49am
Quoting dingo432
Some levels to note....
Here is a follow up on some levels that I posted earlier, the first 4hr chart is a copy of the initial posted levels and the other 3 are follow ups....levels not necessarily tradable due to news etc but for interest.

We got a bounce off 7982 level despite the news fueled drive lower. Also note the level that price eventually stalled after probing the 7928 level. Look forward to any comments.....

Dingo

NOTE: THE LOW LEVEL ON THE FINAL CHART SHOULD BE 7900 RATHER THAN 7890.....CAN"T BE BOTHERED REDOING IT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: areas to watch AUD.png Size: 49 KB
Click to Enlarge Name: follow up aud 1min 7982 level.png Size: 35 KB
Click to Enlarge Name: follow up AUD 7928 level 5min.png Size: 37 KB
Click to Enlarge Name: follow up aud daily 7928 level.png Size: 34 KB
  • #12,450
  • Jul 3, 2009 10:06am Jul 3, 2009 10:06am
nice chart Dingo
  • #12,451
  • Jul 3, 2009 10:20am Jul 3, 2009 10:20am
Quoting kk007
I was expecting this breakout would develop into a big move. Think about how long the price have been moving within the price channel. A false breakout this time, any explanation?

Price bounced at the round number 1.6300. It has shown minor support in the past, nothing too big. However, the possibility is always there so when you enter a trade i really think you should look back on your charts and check out traffic around that area. You should be able to gain at least 30 clear pips before u enter, that way you can close some lots on 20 pips profit and move SL (not necesssarily to breakeven but to reduce risk).

Also, remember that LOSING TRADES EXIST!!! You can never get rid of that so don't always seek to find a definite reason why u lost if u followed your proven method of trading. If you seek to find an explanation for every single one u may end up changing ur own rules to suit each losing trade which then affects your future trades and put u in a vicious cycle.

- DW
  • #12,452
  • Jul 3, 2009 10:59am Jul 3, 2009 10:59am
Due to the time spent within the channel, I was expecting the breakout should be large. Nevertheless, today is US holiday and this fact can really explain the weakness of the breakout. cheers.///


Yeah, if time did matter ;-)
I spent the whole day yesterday waiting and what I got ? 38 pips stop loss
  • #12,453
  • Jul 3, 2009 11:16am Jul 3, 2009 11:16am
Quoting Hwd
Price bounced at the round number 1.6300. It has shown minor support in the past, nothing too big. However, the possibility is always there so when you enter a trade i really think you should look back on your charts and check out traffic around that area. You should be able to gain at least 30 clear pips before u enter, that way you can close some lots on 20 pips profit and move SL (not necesssarily to breakeven but to reduce risk).

Also, remember that LOSING TRADES EXIST!!! You can never get rid of that so don't always seek to find a...

Thanks for your opinion. I have a belief that most phenomenon in price movement is explanable. Most often, we can evaluate to improve our judgement. Sometimes, we don't know the reasons, since we can't know everything happen in the market. Nevertheless, I think we should try our best to evaluate each interesting trade opportunity.

Having said that I don't mean I can perdict what will happen in the market, even if I perfect my skills of after-trade evaluation. I will just be able improve my judgement and still I need to expect the expected!
  • #12,454
  • Jul 3, 2009 11:20am Jul 3, 2009 11:20am
Quoting shiko
Due to the time spent within the channel, I was expecting the breakout should be large. Nevertheless, today is US holiday and this fact can really explain the weakness of the breakout. cheers.///


Yeah, if time did matter ;-)
I spent the whole day yesterday waiting and what I got ? 38 pips stop loss
It has been said that the longer the price channel, the stronger the breakout will be.
I didn't invent this. I read about this from different sources and then observed this.
  • #12,455
  • Jul 3, 2009 11:30am Jul 3, 2009 11:30am
Quoting kk007
It has been said that the longer the price channel, the stronger the breakout will be.
I didn't invent this. I read about this from different sources and then observed this.
What pair are we speaking of?
  • #12,456
  • Jul 3, 2009 12:00pm Jul 3, 2009 12:00pm
It has been said that the longer the price channel, the stronger the breakout will be./////


Cause people get bored ;-)
Notice, even with US closed, price already crossed 1.3980 down... I wonder, does it mean that market getting bullish on USD...
  • #12,457
  • Jul 3, 2009 12:09pm Jul 3, 2009 12:09pm
Also, I draw the channel for E/U. It got broken yesterday downward but price returned into channel again.
  • #12,458
  • Jul 3, 2009 3:50pm Jul 3, 2009 3:50pm
(perhaps) a setup after weekend
Attached Image (click to enlarge)
Click to Enlarge Name: image126.png Size: 13 KB
  • #12,459
  • Jul 3, 2009 5:46pm Jul 3, 2009 5:46pm
http://www.forexfactory.com/%5BURL=h...G%5D%5B/URL%5D
  • #12,460
  • Jul 3, 2009 5:48pm Jul 3, 2009 5:48pm
http://img443.imageshack.us/i/plan.p...G%5D%5B/URL%5D
4 traders viewing now