No Brainer Trades | Page 655 | 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

  • #13,081
  • Edited 10:44am Sep 2, 2009 10:42am | Edited 10:44am
Quoting sam0182
Booker/Intercepter,

Can you guys making anything of a 1.43 short EUR/USD?

I have a 61% Fib retrace and round number...but S&R seems a little lacking.
The ideal, for me, would be a shorting opportunity around the junction of the rising support-turned-resistance line and the horizontal at 1.4338.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd4hr.gif Size: 17 KB
  • #13,082
  • Sep 2, 2009 11:03am Sep 2, 2009 11:03am
Quoting Interceptor
Hi Booker
What sort of stop distance would you have used on this trade?
hi, the high on the bar i would have traded off was 1.1102 on my chart .. so for me it would have been a 35 point stop .
  • #13,083
  • Sep 2, 2009 11:14am Sep 2, 2009 11:14am
Quoting booker66
hi, the high on the bar i would have traded off was 1.1102 on my chart .. so for me it would have been a 35 point stop .
Thanks for that.
  • #13,084
  • Sep 2, 2009 11:39am Sep 2, 2009 11:39am
sam... 143 range been on the cards a few times and has plenty of s&r on the daily , will keep an eye ball on it for weakness.. the 143.38 intercepter is talking about showed high volume selling first time out so the pros were pumping the money in i presume...
Attached Image (click to enlarge)
Click to Enlarge Name: Noname.gif Size: 17 KB
  • #13,085
  • Sep 2, 2009 11:54am Sep 2, 2009 11:54am
Quoting booker66
sam... 143 range been on the cards a few times and has plenty of s&r on the daily , will keep an eye ball on it for weakness.. the 143.38 intercepter is talking about showed high volume selling first time out so the pros were pumping the money in i presume...
Attachment
Interesting volume indy that you are using.
Isn't volume data impossible on the spot market due to a lack of centralised exchange?
  • #13,086
  • Sep 2, 2009 12:03pm Sep 2, 2009 12:03pm
Good stuff guys, I appreciate it. Will watch when price comes around that area, may be nice for a smaller unit size trade. It's moving lower now after touching 4292, that may be it.
  • #13,087
  • Sep 2, 2009 12:56pm Sep 2, 2009 12:56pm
Quoting Interceptor
Interesting volume indy that you are using.
Isn't volume data impossible on the spot market due to a lack of centralised exchange?
its unusual to have volume in the intraday forex market but u can get it through tick volume with some software .. look it up .. some say its usefull .. some dont , but it helps me read the price action more often than not so i like it . cheers...
  • #13,088
  • Sep 2, 2009 1:38pm Sep 2, 2009 1:38pm
Quoting booker66
its unusual to have volume in the intraday forex market but u can get it through tick volume with some software .. look it up .. some say its usefull .. some dont , but it helps me read the price action more often than not so i like it . cheers...
I'll take a look.
Thanks.
  • #13,089
  • Sep 2, 2009 1:42pm Sep 2, 2009 1:42pm
btw, nice blog Interceptor.
  • #13,090
  • Sep 2, 2009 4:35pm Sep 2, 2009 4:35pm
Quoting sam0182
btw, nice blog Interceptor.
Thanks. I'm finding it aids the discipline side of things quite a lot.
  • #13,091
  • Edited Sep 3, 2009 1:14am Sep 2, 2009 10:59pm | Edited Sep 3, 2009 1:14am
Hi, everyone....

EU .... Possible short @ 1.4300 - 1.4315

1.Over under pattern.
2. Double O level.
3. S/R lines
4. Fibo 61.8

!!!! watch out for Euro Interest Rate Release !!!

share what u think !

Best of Luck
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 26 KB
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #13,092
  • Sep 3, 2009 12:34am Sep 3, 2009 12:34am
sounds like a plan....

short eurusd at 1.4300 tp at 1.4220
  • #13,093
  • Sep 3, 2009 3:06am Sep 3, 2009 3:06am
hi sivaji,

thank you for your posting. i have some questions:

1.Over under pattern. ---> What is this?
2. Double O level. ---> What is this?
3. S/R lines ----> Do you mean 1.4315? Isn't that level from the 1h-Chart too weak?


Thanks again :-)
  • #13,094
  • Sep 3, 2009 3:53am Sep 3, 2009 3:53am
Quoting FXfreak
hi sivaji,

thank you for your posting. i have some questions:

1.Over under pattern. ---> What is this?
2. Double O level. ---> What is this?
3. S/R lines ----> Do you mean 1.4315? Isn't that level from the 1h-Chart too weak?


Thanks again :-)


Ur most welcome !!!

1. go to http://www.nobrainertrades.com and read the post by BRV in his
blog.
2. eg: 1.4300,1.4200,1.4400 - also read the fading double zero from the
blog.
3. 1.4300 - 1.4315 ... look at H4 and Daily.
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #13,095
  • Sep 3, 2009 4:49am Sep 3, 2009 4:49am
Moved s/l to breakeven already ..... waiting for interest rate release !







Quoting sivaji
Hi, everyone....

EU .... Possible short @ 1.4300 - 1.4315

1.Over under pattern.
2. Double O level.
3. S/R lines
4. Fibo 61.8

!!!! watch out for Euro Interest Rate Release !!!

share what u think !

Best of Luck
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #13,096
  • Sep 3, 2009 5:05am Sep 3, 2009 5:05am
Quoting drfx
sounds like a plan....

short eurusd at 1.4300 tp at 1.4220

Hi sorry to ask but how did u get 1.4420 as tp? thx
  • #13,097
  • Sep 3, 2009 1:25pm Sep 3, 2009 1:25pm
Something I'm watching on the GBP/USD 1hr - 1.63 for a long bounce. S&R (nice support and resistance spike respect), 38% fib, round number.
  • #13,098
  • Sep 3, 2009 2:16pm Sep 3, 2009 2:16pm
hello sam , nice call for a few pips at the moment .. hopefully more.. first look at a chart today for me .. may get in on a small retrace if get the chance ,cheers.
  • #13,099
  • Sep 3, 2009 2:24pm Sep 3, 2009 2:24pm
Yeah, well I hope someone caught it. I was too busy making the post, stepped away and missed the spike down to 1.6302/03.

Interceptor made some nice calls on his blog that I overlooked...G/U short looked the best but I honestly don't think my stop would have survived that ridiculous spike above the top. I only posted this GU trade as it was pretty low risk...if price moved much below 1.63, it's obvious the level isn't working out and it's time to GTFO
  • #13,100
  • Sep 3, 2009 3:02pm Sep 3, 2009 3:02pm
Quoting Interceptor
The ideal, for me, would be a shorting opportunity around the junction of the rising support-turned-resistance line and the horizontal at 1.4338.
on the button!! shame i missed it .
2 traders viewing now