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No Brainer Trades

  • #13,181
  • Sep 30, 2009 6:44pm Sep 30, 2009 6:44pm
Looking at a E/J short if it makes it up here
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  • #13,182
  • Oct 1, 2009 10:38am Oct 1, 2009 10:38am
could be setting up for another short around 1.08 area after 50% retracement .


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  • #13,183
  • Oct 1, 2009 11:14am Oct 1, 2009 11:14am
Quoting booker66
could be setting up for another short around 1.08 area after 50% retracement .


Attachment
Yep, watching this too...trying to be patient, would like to nail a nice entry.

Are you already short Booker?
  • #13,184
  • Oct 1, 2009 11:17am Oct 1, 2009 11:17am
Quoting okrutny
Hi guys, could someone explain what happened on the long long candle in eur/chf? I can't see any heavy news related to swissy, so what was the stimulus behind that move? It was just the consolidation before or sth else? Thanks in advance.
The swiss national bank.

Get yourself a free account at www.ransquawk.com to find out what is going on almost as soon as it happens.
  • #13,185
  • Oct 1, 2009 11:21am Oct 1, 2009 11:21am
Quoting chazlanning
Looking at a E/J short if it makes it up here
I shall wait for 13342 (61%) and 13430 (78%)
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  • #13,186
  • Oct 1, 2009 11:28am Oct 1, 2009 11:28am
Quoting RedCabbage
The swiss national bank.

Get yourself a free account at www.ransquawk.com to find out what is going on almost as soon as it happens.
Yup, that's right. Swiss national bank to lower the value of the swiss franc against the Euro, as the swiss economy relies on exports to europe. etc etc
Probability Professor
  • #13,187
  • Oct 1, 2009 11:34am Oct 1, 2009 11:34am
Quoting sam0182
Yep, watching this too...trying to be patient, would like to nail a nice entry.

Are you already short Booker?
no looking for 1.08 ideally but if its not looking likely will get in on a break of 1.0760 support on 5 min chart ... its dithering at the moment.
  • #13,188
  • Oct 1, 2009 1:20pm Oct 1, 2009 1:20pm
Quoting booker66
no looking for 1.08 ideally but if its not looking likely will get in on a break of 1.0760 support on 5 min chart ... its dithering at the moment.
Got short, it's pushing a bit though. If we can hold through the US market, I'd think it would drift down after the close. I'm certainly not believing the 20 point push above 108...just running stops (but not mine! ..yet).
  • #13,189
  • Oct 1, 2009 1:42pm Oct 1, 2009 1:42pm
Quoting sam0182
Got short, it's pushing a bit though. If we can hold through the US market, I'd think it would drift down after the close. I'm certainly not believing the 20 point push above 108...just running stops (but not mine! ..yet).
hi, took me out .. had a tight 20 point stop then got back in again only to be taken out again .. plonker !! looks like its heading to 1.0850 .
  • #13,190
  • Oct 1, 2009 2:01pm Oct 1, 2009 2:01pm
Quoting booker66
hi, took me out .. had a tight 20 point stop then got back in again only to be taken out again .. plonker !! looks like its heading to 1.0850 .
Ya, same...not out the second time yet, trying to be flexible.
  • #13,191
  • Oct 1, 2009 2:46pm Oct 1, 2009 2:46pm
Quoting sam0182
Ya, same...not out the second time yet, trying to be flexible.
what the hell .. im in from 1.0844 .. tight stop .. third time lucky .. ill sleep on it !
  • #13,192
  • Oct 1, 2009 2:54pm Oct 1, 2009 2:54pm
Quoting booker66
what the hell .. im in from 1.0844 .. tight stop .. third time lucky .. ill sleep on it !
Sounds good. I've noticed USD/CAD often likes to push through my stops, just before reversing...personally, I try to give this one a little more slack.

We'll see. Otherwise, it will be on to the next trade.
  • #13,193
  • Oct 1, 2009 3:16pm Oct 1, 2009 3:16pm
Hey all not sure how active this thread is but I just found it have been trading the no brainer trades. Just took a long of the bottom eu bounce. Wow got a good bounce just finished typing got out +35 on this one.
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  • #13,194
  • Oct 2, 2009 7:58am Oct 2, 2009 7:58am
this looks like a no brainer to me
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  • #13,195
  • Oct 3, 2009 6:45pm Oct 3, 2009 6:45pm
Hi guys, thanks for replies before, i've got myself an account at ransquawk. Nice, but not free and for beginnig sth like http://www.forexfactory.com/calendar.php has to be enough

And now for sth completely different Could you guys provide your way to identify S/R levels? It was said the reason why s/r are better than trendlines is because trendlines every body draws differently. But for me there are different ways of drawing s/r too. Some draws through highs and lows, some through edges of real body of a candle. Seems like sometimes it is drawn to pass through as many points as possible where price hit the line and reversed. So having the opportunity we are here for helping and teaching each other could you provide the algorithm you use in order to establish s/r levels?

edit: One more thing according s/r. How you rate strength of them? I know the better it's seen the stronger it is, but what, like at example of trendchaser above if you have multiple s/r 's along the way? You take partial or full profits on them? How you predict which s/r line is going to stop your move, besides fibo? How you rate strength of the move? Trendchaser, what is your target?

Thanks & Greetz
okrutny
  • #13,196
  • Oct 4, 2009 4:23pm Oct 4, 2009 4:23pm
Please advice on my support and resistance levels and I would like to know if it would be correct to place limit orders accordingly on the s/r without waiting for price to approach it?
Also, I have seen price break through s/r line without any hitch, I would like to know how you avoid taking such trades which i think we should have placed on the s/r.
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  • #13,197
  • Oct 4, 2009 11:52pm Oct 4, 2009 11:52pm
Hi,

Placing Limit orders and stops before a level hits is fine. This is something which is going to save you a ton of screen time. The level that you look at is is always going to be there but you don't have to be.
  • #13,198
  • Oct 5, 2009 9:44am Oct 5, 2009 9:44am
Quoting Siam
Hi,

Placing Limit orders and stops before a level hits is fine. This is something which is going to save you a ton of screen time. The level that you look at is is always going to be there but you don't have to be.
Thanks.
  • #13,199
  • Oct 5, 2009 9:49am Oct 5, 2009 9:49am
Why is there no much activity on this thread anymore?
  • #13,200
  • Oct 5, 2009 10:20am Oct 5, 2009 10:20am
heres what i see at the moment, im short
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