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  • #12,841
  • Aug 4, 2009 9:12pm Aug 4, 2009 9:12pm
A couple of different options on the EUR/USD right now. Either we see the retrace now and play the subsequent bounce or we move higher, looking to short at previous daily/weekly/monthly S&R at 1.4575.

Below is my first bounce area in case we see a retrace from current levels. Would look to long around 1.43. Some fib confluence just below.

http://i24.photobucket.com/albums/c2...th_euraug4.jpg

Below is the alternative, a short around 1.4575. A close up follows the bigger view...

http://i24.photobucket.com/albums/c2...ug4bigview.jpg

Close up below...

http://i24.photobucket.com/albums/c2...wcloseaug4.jpg

And of course I'm also watching the linked USD/CHF, which can sometimes provide a cleaner level. We have a picture perfect short level around 1.0730...but we have to get there first Chart below...

http://i24.photobucket.com/albums/c2...usdchfaug4.jpg

Comments welcome!
  • #12,842
  • Aug 5, 2009 12:54am Aug 5, 2009 12:54am
Quoting sam0182
A couple of different options on the EUR/USD right now....
There is also a level at 1.4545 on eu I would keep my eye on.
  • #12,843
  • Aug 5, 2009 7:14pm Aug 5, 2009 7:14pm
Morning,

Wow this place is like a graveyard.

Eur/gbp heading towards a nice level. looking for a break as cable seems to be moving up to 17330.
Attached Image (click to enlarge)
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  • #12,844
  • Aug 5, 2009 7:26pm Aug 5, 2009 7:26pm
Havent looked in for a while, but personally market has been going the same way for so long, I am loathe to do anything much at all. I am watching the usdcad and seeing it starting to turn up. If dollar strengthens a little I will take this one and sit on it for the long term.
  • #12,845
  • Aug 5, 2009 8:08pm Aug 5, 2009 8:08pm
Hey guys,

We have a skype forum we are all live and real money traders, we've only been at it for about 9 months, some lom=nger and some shorter.
Do you want to join?

Cheers!

Brian
  • #12,846
  • Aug 6, 2009 4:39am Aug 6, 2009 4:39am
Guys, what were GBP news? I was watching Bloomberg but nothing appeared.
I shorted with everyone then went long. Bagged some nice rabbit
  • #12,847
  • Aug 6, 2009 4:42am Aug 6, 2009 4:42am
Bpenberg, Hi,

It would be nice.
how to join you?
  • #12,848
  • Aug 6, 2009 8:06am Aug 6, 2009 8:06am
Quoting shiko
Guys, what were GBP news? I was watching Bloomberg but nothing appeared.
I shorted with everyone then went long. Bagged some nice rabbit

Shiko, you are so lucky every time!!!!
Everything is here: http://www.forexfactory.com/calendar.php
  • #12,849
  • Aug 6, 2009 8:07am Aug 6, 2009 8:07am
Quoting shiko
Bpenberg, Hi,

It would be nice.
how to join you?

Have you tried this: http://www.nobrainertrades.com/searc...rTrades%20Chat
  • #12,850
  • Aug 6, 2009 11:55am Aug 6, 2009 11:55am
Quoting kk007
Shiko, you are so lucky every time!!!!
Everything is here: http://www.forexfactory.com/calendar.php
KK007, Hi.

How are you doing?
I knew about the news, rates. But while watching Bloomberg I saw nothing as to what those news were. There must have been some change in policy that caused that big move.
If they say we raise rate we can make out trading decision pretty quick But I did not see what they were telling, just followed everyone else on this.

thank you for address below.
  • #12,851
  • Aug 6, 2009 10:55pm Aug 6, 2009 10:55pm
usdcad. There is an obvious inverted head and shoulders forming on this pair if anyone is watching. I am in a buy presently and will hold if it clears 1.0787.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad1.gif Size: 21 KB
  • #12,852
  • Aug 7, 2009 1:04am Aug 7, 2009 1:04am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 7aug09 -3.gif Size: 29 KB


Hi guys,

Im pretty new to no brainer trades and heres my take on the GBPUSD

Long GBPUSD at 1.6700.

Reasons
1. Previous area of Support turned resistance
1. 50% Fib
2. Double zeros (i.e round number)
  • #12,853
  • Aug 7, 2009 1:09am Aug 7, 2009 1:09am
IMO I think there will be a small bounce from 67 from unlikely we will get a good long move the share mkt, is in the red, with furutes are all red for US session, bad RBS earnings (which yes was telegraphed last weekend) but its hard to be buying the pound in these conditions

Simon
99% of Traders fail, so don't follow the herd
  • #12,854
  • Aug 7, 2009 1:33am Aug 7, 2009 1:33am
The earliest I would be looking at a buy on pound is 1.6550. There is a lot of support here, but not too much up higher.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd...gif Size: 26 KB
  • #12,855
  • Aug 7, 2009 5:25am Aug 7, 2009 5:25am
I think this is a sound level and something that I was keeping an eye on as well. That being said, with the bounce off 1.6716, the 1.67 level may not be negated.

Quoting tth
Attachment

Hi guys,

Im pretty new to no brainer trades and heres my take on the GBPUSD

Long GBPUSD at 1.6700.

Reasons
1. Previous area of Support turned resistance
1. 50% Fib
2. Double zeros (i.e round number)
  • #12,856
  • Aug 7, 2009 6:01am Aug 7, 2009 6:01am
Eur/ Jpy. Look for 1.3910-1.3935 to go short.
  • #12,857
  • Aug 7, 2009 6:05am Aug 7, 2009 6:05am
I do not trade Fridays as BRW put it is stop loss hunting day. It is my rule.
I did trade 1 cents today. no emotions so to speak. already have bagged 180-190 pips so far.
Feels a little bit disappointed. second thoughts about why I did not trade normal size.
Could have made a killing. anyway, I think discipline of no Friday trading is more important than to make money once and then lose even more due to the lack of discipline.
  • #12,858
  • Aug 7, 2009 6:23am Aug 7, 2009 6:23am
http://img142.imageshack.us/img142/8660/friday1.th.png

http://img18.imageshack.us/img18/8903/friday2q.th.png

http://img17.imageshack.us/img17/6002/friday3.th.png
  • #12,859
  • Aug 7, 2009 7:02am Aug 7, 2009 7:02am
Quoting shiko
I do not trade Fridays as BRW put it is stop loss hunting day. It is my rule.
I did trade 1 cents today. no emotions so to speak. already have bagged 180-190 pips so far.
Feels a little bit disappointed. second thoughts about why I did not trade normal size.
Could have made a killing. anyway, I think discipline of no Friday trading is more important than to make money once and then lose even more due to the lack of discipline.
Yeah, that's always rough...avoiding trading because of the news...only to see that the technical levels are still valid.

1.428 held up well in the EUR/USD, as did USD/CHF 107.25-3...both yeilding tons of points with only 8-15 points of drawdown.

Quote
I think discipline of no Friday trading is more important than to make money once and then lose even more due to the lack of discipline
< Very true.
  • #12,860
  • Aug 7, 2009 7:03am Aug 7, 2009 7:03am
GBP/JPY @ a TOP.. I'm short from 162.42
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