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Nearly Naked (Simple Trades)

  • #161
  • Apr 9, 2010 5:55am Apr 9, 2010 5:55am
Quoting Saxon
Hey Bonus,
Nice to see you in here. GJ isn't a pair that I usually trade. I will pull it up right now and take a look at it. In the meantime, does anyone else have any view/charts/analysis on this pair - GJ
hey Bonus,
From just looking at it for a few seconds and doing just a quick S/R analsis, this is what I have.

Daily Chart -
Running Fib from high to low, you probably already know we are at LT 38.2. One explanation for the stall

H4 Chart -
Run fib from low to high, be aware of 23 fib if price decides to retreat. Also, be aware of confluence from 23 and 38

H1 Chart -
This chart shows you what will help the most. You can see in green the "00"s. We are at 144 "00" and stalled, what also is contributing is the 38 fi from earlier. If GJ decides to retreat, my only S/R is the "00" 143 on the way down, then the next "00", then significant 140.911. All "00"s show significance in being tested and speeding price through. If oyu see PA moving to test above 38.2, be cautious. Also, I did not run #s off obvious high of april 5 due to gap. Those are my significant S/R. I haven't had too much time to run the rest to give you a better answer. Sorry
Attached Image(s) (click to enlarge)
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  • #162
  • Apr 9, 2010 5:59am Apr 9, 2010 5:59am
Quoting Saxon
hey Bonus,
From just looking at it for a few seconds and doing just a quick S/R analsis, this is what I have.

Daily Chart -
Running Fib from high to low, you probably already know we are at LT 38.2. One explanation for the stall

H4 Chart -
Run fib from low to high, be aware of 23 fib if price decides to retreat. Also, be aware of confluence from 23 and 38

H1 Chart -
This chart shows you what will help the most. You can see in green the "00"s. We are at 144 "00" and stalled, what also is contributing is the 38 fi from earlier. If GJ...
Also, might be on an expansion line from H4 chart, so run those and it might help too.
  • #163
  • Apr 9, 2010 5:59am Apr 9, 2010 5:59am
Quoting Geppyg
Another one touch entry 0.9326-For short

Target 26 pips
the same here (sell limit A/U .9329 Sl=25 TP=35)
  • #164
  • Apr 9, 2010 6:00am Apr 9, 2010 6:00am
Blastoff CAD. Clouds is RICH!!!!!
  • #165
  • Apr 9, 2010 6:00am Apr 9, 2010 6:00am
Quoting Clouds
whoops, closed usd/chf and bought usd/cad, im all over the place tonight. Tp above parity
100 pips above parity in 5 seconds, ok. nice..... Whoops, I mean 50
  • #166
  • Apr 9, 2010 6:04am Apr 9, 2010 6:04am
i wonder if selling commodity currencies ,, like aud, that are lagging , would be worthwhile after the cad
  • #167
  • Apr 9, 2010 6:05am Apr 9, 2010 6:05am
Quoting Clouds
100 pips above parity in 5 seconds, ok. nice..... Whoops, I mean 50
Holy shoot, look at that candle.
That should drag aud, eur, gbp along?
Even though it miss forecast values, but it's still positive job growth anyway.
They react to this number so sensitively.
  • #168
  • Apr 9, 2010 6:05am Apr 9, 2010 6:05am
Quoting Clouds
i wonder if selling commodity currencies ,, like aud, that are lagging , would be worthwhile after the cad
How long do you think the CAD jump can be sustained? I wonder where it will be when it calms. Right now it is on S/R from 7th and 8th
  • #169
  • Apr 9, 2010 6:06am Apr 9, 2010 6:06am
Quoting Clouds
i wonder if selling commodity currencies ,, like aud, that are lagging , would be worthwhile after the cad
Yeah i was thinking the same, sell aud and nzd?
  • #170
  • Apr 9, 2010 6:08am Apr 9, 2010 6:08am
Quoting Saxon
Here they are
Saxon, I saw the heading of your thread and said to myself " There is thread I can learn something from, it should be worth reading" , but then I saw the charts you posted an you lost me there.

Trade_price charts are naked, but yours are far from "nearly naked". I don't mean to offend you or your TA, but the title of the thread is completely misleading.

Good luck
  • #171
  • Apr 9, 2010 6:09am Apr 9, 2010 6:09am
Quoting Saxon
How long do you think the CAD jump can be sustained? I wonder where it will be when it calms. Right now it is on S/R from 7th and 8th
well, if it breaks 1.008 , which is 200 HR SMA on 1HR, i could see it going to 1.02 or 1.016
  • #172
  • Apr 9, 2010 6:10am Apr 9, 2010 6:10am
Quoting Clouds
i wonder if selling commodity currencies ,, like aud, that are lagging , would be worthwhile after the cad
to my observation CAD always moves before AUD,
  • #173
  • Apr 9, 2010 6:11am Apr 9, 2010 6:11am
Quoting GoldenGold
Yeah i was thinking the same, sell aud and nzd?
I think so, just sold 1/2 lot A/U, TP below .93
  • #174
  • Apr 9, 2010 6:11am Apr 9, 2010 6:11am
e/j made a nearly DT with the divergence.
watchout this pairs.
Attached Image
  • #175
  • Apr 9, 2010 6:12am Apr 9, 2010 6:12am
Wow! I've never seen so many Great Traders in one thread at the same time! This is really amazing.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #176
  • Apr 9, 2010 6:13am Apr 9, 2010 6:13am
Gold one touch sell limit at 1159-60
I've been waiting for it for some weeks, the chart 2 days old, set up the same
Attached Image (click to enlarge)
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  • #177
  • Apr 9, 2010 6:16am Apr 9, 2010 6:16am
Quoting MyTbo
Saxon, I saw the heading of your thread and said to myself " There is thread I can learn something from, it should be worth reading" , but then I saw the charts you posted an you lost me there.

Trade_price charts are naked, but yours are far from "nearly naked". I don't mean to offend you or your TA, but the title of the thread is completely misleading.

Good luck
I understand what you are saying. What I mean by this thread is that I want S/R (Support/Resist), TL (Trend Lines), etc... Simple analysis that is based literally on direct price movements. The most I will get into techinicals is really fibs. All of the posting that I have given are based on mostly S/R, "00" - double zeros and trendlines. I know what you are saying, but I feel that it is still fine is someone wished to add a tech here and there; I stated so on the first page. We are not currency pair specific and we follow basic chart analysis. I am sorry you feel like you have been misled. If you have any questions and want to learn, I promise you your questions could probably be answered here. All the best.
  • #178
  • Apr 9, 2010 6:16am Apr 9, 2010 6:16am
Quoting trade price
i was watching eu.now i am short from supply level and fib level.
eu is moving nicely in my way.
target is 13378
Attached Image
  • #179
  • Apr 9, 2010 6:18am Apr 9, 2010 6:18am
Quoting Saxon
I understand what you are saying. What I mean by this thread is that I want S/R (Support/Resist), TL (Trend Lines), etc... Simple analysis that is based literally on direct price movements. The most I will get into techinicals is really fibs. All of the posting that I have given are based on mostly S/R, "00" - double zeros and trendlines. I know what you are saying, but I feel that it is still fine is someone wished to add a tech here and there; I stated so on the first page. We are not currency pair specific and we follow basic chart analysis....
i second that.
will try the best to help you guys.
  • #180
  • Apr 9, 2010 6:19am Apr 9, 2010 6:19am
Quoting shahab8b
the same here (sell limit A/U .9329 Sl=25 TP=35)
Are you going to be looking for a pullback to the Daily S/R at 9311 if your order gets filled?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
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