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No Brainer Trades

  • #13,641
  • Jan 19, 2010 3:40am Jan 19, 2010 3:40am
HUGE bearish candle forming on USD/HKD on 8HR timeframe...I would be so in that if my broker had that pair!
  • #13,642
  • Jan 19, 2010 5:10am Jan 19, 2010 5:10am
Quoting Interceptor
Swissy ok, cable broke even:
Hello, nice and clean charts, are those horizontal lines drawn on manually and pure S/R lines or do you use some sort of pivots/fib lines/murrey math ?

how do you determine momentum or strength of a trend without rsi, stoch or macd, going only by retest of former levels or price patterns/structure ?

thanks.
( I subbbed to your blog entries )
Be like water.
  • #13,643
  • Jan 19, 2010 7:12am Jan 19, 2010 7:12am
looking at this support area may prove a long

It's Great to see you at it again BRV i love your thread and your method has helped me and my friends so much! Thank you so much for all you give.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #13,644
  • Jan 19, 2010 8:25am Jan 19, 2010 8:25am
Quoting msmarple
Hello, nice and clean charts, are those horizontal lines drawn on manually and pure S/R lines or do you use some sort of pivots/fib lines/murrey math ?

how do you determine momentum or strength of a trend without rsi, stoch or macd, going only by retest of former levels or price patterns/structure ?

thanks.
( I subbbed to your blog entries )
Hi
All levels are drawn manually, purely based on support, resistance and flips.
I don't concern myself with momentum etc, and I've thrown more indicators in the dustbin than I care to remember-best place for them!

Cheers
Mark
  • #13,645
  • Jan 19, 2010 3:04pm Jan 19, 2010 3:04pm
here is some levels
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-----------------

Identify significant levels
  • #13,646
  • Jan 19, 2010 4:03pm Jan 19, 2010 4:03pm
Quoting msmarple
how do you determine momentum or strength of a trend without rsi, stoch or macd, going only by retest of former levels or price patterns/structure ?
The shape of the price action. Anything that appears in an indicator is already shown in the price action, so it's just a matter of being able to read it.
  • #13,647
  • Edited 11:53pm Jan 20, 2010 11:34pm | Edited 11:53pm
What happened I woke up and here's a thread I think I started a couple years ago?! :

Here's EUR - lots of fun on this one the past couple of days. China's GDP gave Asian traders something to actually do today (they want to be noticed every once and a while) - came down, quite nailed this 38.2% retracement and having its fun with it now. Price objectives I posted on the short basically filled at this point and if there's anywhere its likely to bunch up its somewhere around here. On a 3rd consecutive daily downclose I would sure as anything feel more confident, although the spike from this retracement level is nothing to sneeze at. So bottom line I'm on the sidelines but would surely think if its going to slow down here's a very valid area for it to do that. Needless to say downside risk (hmmm) still very present.
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  • #13,648
  • Jan 21, 2010 12:18am Jan 21, 2010 12:18am
Quoting BillyRayValentine
What happened I woke up and here's a thread I think I started a couple years ago?! :
It's been a while BRV...
  • #13,649
  • Jan 21, 2010 12:33am Jan 21, 2010 12:33am
Quoting BillyRayValentine
What happened
You were missed
Gone to a better place
  • #13,650
  • Jan 21, 2010 3:23am Jan 21, 2010 3:23am
Physic Level 1.3950.....Fibo Support 1.3968......Big support Area to watch

What if it fails? Or If it break then 1.3645 will not be far for us to see..
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  • #13,651
  • Jan 21, 2010 3:25am Jan 21, 2010 3:25am
Just great FAN of BillyRayValentine and No Brainer Trades...........
  • #13,652
  • Jan 21, 2010 8:33am Jan 21, 2010 8:33am
I haven't posted on this thread in ages, anyhow i thought this was a no brainer. My risk was low and probability of success high. Entry very close to 1.0500 level and yielded over 50 pips.Stop loss was approximately 25 - 30 pips.

Have a look at the CHF/JPY at 87.00 level yesterday. It rebounded by almost 100 pips. I only took about 30 off the rebound.

Coming up: EUR/JPY at 127.00 level. I will attempt to buy at 127.05, risking 25-30 and aiming for 40 to 50. Its a huge support point.


I lost onthe GBP/CHF at 1.7000 level. Price rebounded but after passing the level by 35 pips. It was a genuine loss for my trade plan.


All the best to everyone. Hello BRV.
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  • #13,653
  • Jan 21, 2010 10:07am Jan 21, 2010 10:07am
Extremely important news was released today regarding Obama's banking agenda. My take is that it has severe consequences for wall street therefore dollar negative. The Euro looks really attractive around these values.
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  • #13,654
  • Jan 21, 2010 2:34pm Jan 21, 2010 2:34pm
billyray, i joined your no brainner website, good stuff!

i do not seem to completely break away from indicators, but am currently using S&R and RSI as a filter.

i am using daily, 4 hr and 1 hr s&R & RSI to trade 15 min charts for entery & exit.

i was short GBPUSD@ 1.6408, out at 1.6164.

244 pips

SHORT GBPJPY 149.21, out 146.80

241 pips

on oanda live account, 10k on each.


2 days in the market on these and not a bad pay day.

Thanks for the blogs & the ongoing help.

Jim
  • #13,655
  • Edited 10:01pm Jan 21, 2010 9:22pm | Edited 10:01pm
Quoting BillyRayValentine
What happened I woke up and here's a thread I think I started a couple years ago..
Great to see u post here again Sir

EDIT:
nice to see updates on your blog too
  • #13,656
  • Jan 22, 2010 3:01am Jan 22, 2010 3:01am
Quoting BillyRayValentine
What happened I woke up and here's a thread I think I started a couple years ago?!.......

Hello Billy

Long time no see, welcome to your thread.

Regards

Peyman
Follow the rules and be successful.
  • #13,657
  • Jan 22, 2010 3:24am Jan 22, 2010 3:24am
Great to see you back here! Look like a New Year present for me!


Quoting BillyRayValentine
What happened I woke up and here's a thread I think I started a couple years ago?! :

Here's EUR - lots of fun on this one the past couple of days. China's GDP gave Asian traders something to actually do today (they want to be noticed every once and a while) - came down, quite nailed this 38.2% retracement and having its fun with it now. Price objectives I posted on the short basically filled at this point and if there's anywhere its likely to bunch up its somewhere around here. On a 3rd consecutive daily downclose I would sure as anything feel...
  • #13,658
  • Jan 22, 2010 3:37am Jan 22, 2010 3:37am
'Revenge' trade (LOL)
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  • #13,659
  • Jan 22, 2010 8:51am Jan 22, 2010 8:51am
Tried it's best, but failed me.
Took the earlier 14 pips back, though,
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  • #13,660
  • Jan 24, 2010 4:48am Jan 24, 2010 4:48am
Finally BRW is here again !
Happy New Year BRW!!!
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