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No Brainer Trades

  • #13,021
  • Aug 23, 2009 8:31am Aug 23, 2009 8:31am
hi,

sorry to ask, do you all use 40pips SL for all ur trades as said in the pdf? do u all change according to pairs? thanks
  • #13,022
  • Aug 24, 2009 12:11am Aug 24, 2009 12:11am
2 options on the aud. I'm looking at the first option, only 2 co-insiding factors to long. 3 for the 2nd option, but its quite far from the current market.

Let me know what you think
Attached Image (click to enlarge)
Click to Enlarge Name: aud4h.gif Size: 21 KB
  • #13,023
  • Aug 24, 2009 12:19am Aug 24, 2009 12:19am
Quoting Takisd
2 options on the aud. I'm looking at the first option, only 2 co-insiding factors to long. 3 for the 2nd option, but its quite far from the current market.

Let me know what you think
it's just a chart with fibonacci levels.
  • #13,024
  • Aug 24, 2009 12:34am Aug 24, 2009 12:34am
Quoting krisma
it's just a chart with fibonacci levels.
Red lines are obvious support and resistance levels. There is a bubble where i would look at going long.

Did you want me to execute the trade for you at the same time?
  • #13,025
  • Aug 24, 2009 1:57am Aug 24, 2009 1:57am
Quoting yuan83
hi,

sorry to ask, do you all use 40pips SL for all ur trades as said in the pdf? do u all change according to pairs? thanks
hey yuan,

i think this is one of the more difficult part about no brainer trading - setting a proper stop loss.

a 40 pip SL is likely to be sufficient for lower volatility pairs like EURUSD/USDCHF/AUDUSD. however for pairs like GBPJPY which are highly volatile, 40 pips is likely to be insufficient.

i guess a good judge on how volatile a currency pair is relative to another to by comparing the average true range (ATR) or thickness of the bollinger bands.
  • #13,026
  • Aug 24, 2009 4:58am Aug 24, 2009 4:58am
Quoting Takisd
2 options on the aud. I'm looking at the first option, only 2 co-insiding factors to long. 3 for the 2nd option, but its quite far from the current market.

Let me know what you think
Hi Takisd

To add further confirmation to 8323 s/r level, Fib the large rally up from 17 Aug and the most recent rally from 21 Aug to get a 38/50 Fib correlation.

We also have the central price pivot at this level today.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd240809h1.jpg Size: 162 KB
  • #13,027
  • Aug 24, 2009 5:37am Aug 24, 2009 5:37am
Quoting tth
hey yuan,

i think this is one of the more difficult part about no brainer trading - setting a proper stop loss.

a 40 pip SL is likely to be sufficient for lower volatility pairs like EURUSD/USDCHF/AUDUSD. however for pairs like GBPJPY which are highly volatile, 40 pips is likely to be insufficient.

i guess a good judge on how volatile a currency pair is relative to another to by comparing the average true range (ATR) or thickness of the bollinger bands.
thanks alot for e reply! . guess u are rite. just tried prob my first trade based on this, buy limit at AU... at 0.8374 up 28pips now. but think it's facing resistance at the round number also..
  • #13,028
  • Aug 24, 2009 6:19am Aug 24, 2009 6:19am
Quoting Takisd
2 options on the aud. I'm looking at the first option, only 2 co-insiding factors to long. 3 for the 2nd option, but its quite far from the current market.

Let me know what you think
plenty of s/r on the daily chart , lets see if it pulls back from the 76% retracement , nice charts ..

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 13 KB
  • #13,029
  • Aug 24, 2009 7:56am Aug 24, 2009 7:56am
Not enough for a solid, low risk entry.
  • #13,030
  • Edited 4:26pm Aug 24, 2009 2:08pm | Edited 4:26pm
Taking long @ Eur/Usd? looks like decent opportunity despite we are facing 00 number res.

Well, long @ 1.4290, 20 pips SL. Will move SL to B/e soon as (if) we get trough 1.4300 and it has been confirmed to hold support. If not. well, lost 1% of my account. fair deal.

And last update, support confirmed by PA (5 min chart), left to run where ever it wants to go i have nothing to lose with this one enymore.
  • #13,031
  • Aug 25, 2009 4:12am Aug 25, 2009 4:12am
?
is there any reson why bil ray stop post trades?

is it becose the market dont give opotunitis?

???

is there any one als that useing thise sys ?
how u doing ?
what r the reasolt? can u post staetment ?if its ok

i heve more q but i leav it for now

thanks
  • #13,032
  • Aug 25, 2009 4:15am Aug 25, 2009 4:15am
there are plenty of opportunities every day.

He has been with us for over 500 pages ...his job is done and now it is time for other experienced traders to carry on the flag
  • #13,033
  • Aug 25, 2009 4:25am Aug 25, 2009 4:25am
Quoting hardsmoker
there are plenty of opportunities every day.

He has been with us for over 500 pages ...his job is done and now it is time for other experienced traders to carry on the flag
on what time frame do u trade?( do u trade on intraday base?)

how long do u trade thise way?

do u heve steatmet thet u willing to share?

thise q r for more traders in here also


thanks
  • #13,034
  • Aug 25, 2009 7:56am Aug 25, 2009 7:56am
Volume indicators for those interested

Attached File(s)
File Type: ex4 BetterVolume 1.4.ex4   6 KB | 357 downloads


Attached File(s)
File Type: mq4 BetterVolume 1.4.mq4   5 KB | 377 downloads
  • #13,035
  • Aug 25, 2009 9:14am Aug 25, 2009 9:14am
Quoting Superscalper
on what time frame do u trade?( do u trade on intraday base?)

how long do u trade thise way?

do u heve steatmet thet u willing to share?

thise q r for more traders in here also


thanks
mate i think you should spend some time to read the pdf compilation at the beginning on the thread.

im definitely no expert in this method as im new, but my gut feel is that the pdf together with tons of screen time and practice will give you good results.

try posting a chart or 2 here and people will give comments/suggestions.
  • #13,036
  • Aug 25, 2009 9:40am Aug 25, 2009 9:40am
Just closed two good trades. One on eurusd and the other on eurjpy total 183 pips.

Can anyone recommend me a good site where is possible to upload images with high quality. Right now I am using photobucket and it is not good enough.

http://i64.photobucket.com/albums/h1...ker/eurusd.jpg

http://i64.photobucket.com/albums/h1...r/eurjpy-1.jpg
  • #13,037
  • Aug 25, 2009 9:47am Aug 25, 2009 9:47am
Save a screen shot to your desk top and add your chart as an attachment then no hosting is necessary.
  • #13,038
  • Aug 25, 2009 11:50am Aug 25, 2009 11:50am
Hi everyone, I'm trying to download the pdf ebook from the 1st page, but failed. Seems like file corrupted or nothing attached.

Can anyone direct me a link where i can download it or reattach it again? Tried to find in the authors website but not sure which one.

thanks a bunch
  • #13,039
  • Aug 25, 2009 12:29pm Aug 25, 2009 12:29pm
Quoting fy260498
Hi Steve and all fellow traders...

It had been a while since I have visited FF due to relocation from Australia back to India. Just wanted to convey my sincere regards and thanks to Steve and all my fellow traders for this wonderful concept. I also take a chance to share my second account success on DEMO practising the same strategy being discussed here. I could manage to turn USD 1000 again into greater than USD 3000 for the second time in a row and now I am set for my final DEMO account which will then be followed by LIVE trading. Although my...
hello, well done on your demo account .. just a question ... what were you staking per pip as personally with a $1000 dollar account ..with real money i would only be staking $1 a pip risk based on a 2 to 3% risk on my total account per trade .. i only ask as a 300% gain on your account in 25 days is phenominal based on the above risk %..
If you are risking a lot higher% per trade i would consider lowering it on your final demo to no higher than 5% per trade , because when your risking your own hard earned cash ... its a totally different ball game .. good luck though..
all the best
b66.
  • #13,040
  • Aug 25, 2009 12:33pm Aug 25, 2009 12:33pm
Quoting Lique
Hi everyone, I'm trying to download the pdf ebook from the 1st page, but failed. Seems like file corrupted or nothing attached.

Can anyone direct me a link where i can download it or reattach it again? Tried to find in the authors website but not sure which one.

thanks a bunch
Try this.
Attached File(s)
File Type: pdf NBTpdf.pdf   879 KB | 2,532 downloads
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