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Nearly Naked (Simple Trades)

  • #221
  • Apr 9, 2010 11:15pm Apr 9, 2010 11:15pm
Quoting Saxon
No worries man. We'll just make it back next week. Have a good weekend!
Thanks, you do the same!

Awesome new thread by the way... I can't believe how active it is... its almost hard to keep up... I had to go through 10 pages of posts after I got to work just to catch up to speed! lol Hope you got a little pippage out of the AUD/NZD short!
  • #222
  • Apr 10, 2010 3:26pm Apr 10, 2010 3:26pm
This looks like a very promising S&R trade - a break above the 1.538 level could encounter limited resistance until 1.557 (on 4H charts). This is a nice potential 200PIP move, although the wide stoploss to the downside can make it tricky.

Looking at the attached daily chart, the market aggressively rejected lower levels at 1.513 three days in a row (as evidenced by three consecutive hammers), lending further support to a possible breakout above 1.538.
Attached Image(s) (click to enlarge)
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  • #223
  • Apr 11, 2010 4:27am Apr 11, 2010 4:27am
Quoting George C
This looks like a very promising S&R trade - a break above the 1.538 level could encounter limited resistance until 1.557 (on 4H charts). This is a nice potential 200PIP move, although the wide stoploss to the downside can make it tricky.

Looking at the attached daily chart, the market aggressively rejected lower levels at 1.513 three days in a row (as evidenced by three consecutive hammers), lending further support to a possible breakout above 1.538.
hi george, i see the same R you are looking at, looks like a decision time now, a clear break above will be a good position for mid term long?

in the case of a bounce, maybe we can ride it for few pips down before it comes back testing it again

any thoughts
Attached Image (click to enlarge)
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  • #224
  • Apr 11, 2010 9:12am Apr 11, 2010 9:12am
Looking at the 1hr, there has already been a test of previous Support. I think the best bet is to wait for a new high to form and look for a test of 1.5380 or low defined by price action. That would have the benefit of limiting the size of the Stop Loss to more manageable levels.

http://www.abilitiesresearch.com/ima...hr_apr1110.gif
  • #225
  • Apr 11, 2010 12:51pm Apr 11, 2010 12:51pm
Hi Everyone,
I'm excited to see how this thread does over this next session. Here is a quick look at some of what I am seeing. I too am seeing what you guys are seeing on GU.

GU-
Smaller Time-Frame PA is forming A-Triangle. Roof has been tested 2 times and Floor 3-4 times. It is hard to use this due to it's decision is based on a new session's opening.

UJ-
UJ is inside one of my S/R boxes. S/R box also contains 23 fib. I don't have too much on UJ yet, but early PA will help make a decision to a move to 93.63 up or "00" 93 or 38.2 fib down. Price is in a no entry zone for me right now

UC-
CHF is on S/R 1.0657. PA could move it to 50 fib up at top of no entry zone or to a short drop to 38 fib/1.0643

I will have AU up in a little bit. These are all preliminary and Opening PA could validate or invalidate S/R. I too will be watching GU since the PA is at significant S/R
  • #226
  • Apr 11, 2010 12:52pm Apr 11, 2010 12:52pm
Charts
Attached Image(s) (click to enlarge)
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  • #227
  • Apr 11, 2010 12:58pm Apr 11, 2010 12:58pm
Quoting Saxon
Charts
Sorry for the messy charts. Disregard the indicators and what not at the bottoms of the charts. All of my trading decisions are based 99% on S/R,"00"s, PA formations, etc... I will try to thow cleaner charts up. I am just trying to thow charts across different computers.

Hey George,
Great eye for those candles (hammers) on GU, I wouldn't have spotted those if you wouldn'thave said something
  • #228
  • Apr 11, 2010 4:32pm Apr 11, 2010 4:32pm
Saxon, good evening. It took half and hour but I'm done for the day! Hope you grabbed some good pippage on the gaps!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #229
  • Apr 11, 2010 4:41pm Apr 11, 2010 4:41pm
Quoting MarcVUM
Saxon, good evening. It took half and hour but I'm done for the day! Hope you grabbed some good pippage on the gaps!
Yep, was in GU, UC, AU and UJ. Did good, but I need to keep trading. Might as well try and get some more. Good job on your trades though!
  • #230
  • Apr 11, 2010 4:44pm Apr 11, 2010 4:44pm
Hi guys, hope you are enjoining the ride

that's what I call naked
Attached Image(s) (click to enlarge)
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  • #231
  • Apr 11, 2010 4:59pm Apr 11, 2010 4:59pm
Quoting shahab8b
Hi guys, hope you are enjoining the ride

that's what I call naked
Great trades Shahab8b!
  • #232
  • Apr 11, 2010 8:52pm Apr 11, 2010 8:52pm
Saxon,
so u finally decide to open your thread
keep it up Sir!
  • #233
  • Apr 11, 2010 9:33pm Apr 11, 2010 9:33pm
Quoting supremeChaos
Saxon,
so u finally decide to open your thread
keep it up Sir!
Thanks Supreme!
The thread did well its first night so I guess we'll see what this week brings.
  • #234
  • Apr 11, 2010 11:06pm Apr 11, 2010 11:06pm
Sorry for the slow posts,
As you all probably saw, there were some nice gaps across many pairs today. I am working on getting a few charts up with potential setups. Will have them up soon, but the gaps that have formed today make high probability trades/setups hard to generate. Will do my best and get some up really soon.
  • #235
  • Apr 11, 2010 11:13pm Apr 11, 2010 11:13pm
Here are a few simple UJ charts. Note the proximity to "00" 93. Also, fib 38 is coming up and has been significant in the past. When PA get's near, I will post my trade prior. Also, High frame triangle formed. Floor tested 3 times, roof tested 3 times.

You will also see that a lot of the pairs have filled their gaps. AUD did due to some news while UJ filled theirs within the first hour or so.
Attached Image(s) (click to enlarge)
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  • #236
  • Apr 12, 2010 12:16am Apr 12, 2010 12:16am
Hello.... Im short E/U 1.3672 SL 1.3695 TP 1.35
Don't really have a chart to back up this trade, but think a gap close could be likely
  • #237
  • Apr 12, 2010 12:29am Apr 12, 2010 12:29am
Quoting Clouds
Hello.... Im short E/U 1.3672 SL 1.3695 TP 1.35
Don't really have a chart to back up this trade, but think a gap close could be likely
I am short on ej but getting hot in here
  • #238
  • Apr 12, 2010 12:32am Apr 12, 2010 12:32am
I think eu will see 1.38 before it sees 1.35 this week.
  • #239
  • Apr 12, 2010 12:49am Apr 12, 2010 12:49am
Covering my aussie shorts. Turn small long 9320. with stop 9300.
  • #240
  • Apr 12, 2010 1:01am Apr 12, 2010 1:01am
It's odd, but I'm not in the Aussie right now; one of my major pairs. I am still unable to make sense on direction; enough to make a trade. Aussie did close the gap, thanks to the news. We are on a S/R right now and did break through a short term TL. I think the next few hours and London will help push this one way or the other.
Attached Image (click to enlarge)
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