Nearly Naked (Simple Trades) | Page 17 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Trade Naked Candlesticks strategy 15 replies

Naked price trades 11 replies

Trading naked or keep it simple stuff.... 20 replies

Attachments: Nearly Naked (Simple Trades)
Exit Attachments

Nearly Naked (Simple Trades)

  • #321
  • Apr 12, 2010 10:49pm Apr 12, 2010 10:49pm
The daily AU candle has already moved 60 pips, I'd say it's way to late to think about long, at least for today. I'd personally not want to enter a trade going against the current day's candle (unless it's only moved 20-30 pips).
  • #322
  • Apr 12, 2010 10:58pm Apr 12, 2010 10:58pm
Quoting trade price
morning (uk)
hey saxon ,i just read ur profile .
so u used to work for GSCO?
Ya, couple different teams
  • #323
  • Apr 12, 2010 10:59pm Apr 12, 2010 10:59pm
Quoting Clouds
The daily AU candle has already moved 60 pips, I'd say it's way to late to think about long, at least for today. I'd personally not want to enter a trade going against the current day's candle (unless it's only moved 20-30 pips).
Ya, I have a small short. I am waiting for AU to hit its old UTL for a potential small bounce.
  • #324
  • Apr 12, 2010 11:07pm Apr 12, 2010 11:07pm
EJ may be hitting resistance here

Attached Image
  • #325
  • Apr 12, 2010 11:11pm Apr 12, 2010 11:11pm
Quoting Clouds
EJ may be hitting resistance here

Attachment
allready bounced of 4 hour TF.
it will go and retest the upper supply line
Attached Image
  • #326
  • Apr 12, 2010 11:13pm Apr 12, 2010 11:13pm
getting back to your a/u long idea, .... eur/aud is hitting a TL resistance, and eur/cad looks like it may have broken the TL resistance, and those pairs move similar, - not sure what to think, u?
for now, im just dinking around with short ej and long ucad, i may try and not make things to complicated and stay in these positions till tomorrow
  • #327
  • Apr 12, 2010 11:23pm Apr 12, 2010 11:23pm
Quoting trade price
allready bounced of 4 hour TF.
it will go and retest the upper supply line
do u mean 126.25 ish
  • #328
  • Apr 12, 2010 11:27pm Apr 12, 2010 11:27pm
watching e/u is like watching a tennis match
  • #329
  • Apr 12, 2010 11:29pm Apr 12, 2010 11:29pm
Heads up on a longer-term play...

Check out weekly chart on AUD/NZD; very nice shooting star last week and a bearish candle to start off this week... Last week, I mentioned the pair having the potential to lose the 1.30 handle "soon" and it's currently sitting at 1.2961 right now.

The AUD and NZD currencies are correlated pretty highly; however, the AUD has been rallying quite a bit over the NZD for a while now... and the AUD will fall much further if any bad news comes out of China... what I also like about this pair, is if you short it, the daily swap is not that bad; especially when compared to shorting the AUD/USD pair.

AUD has just been looking weak all around, so perhaps it's due for a bit of a bounce soon; but there is the possibility that Someone already knows some news that will affect the AUD in a negative way, which may be why it's selling off quite a bit more than some other currencies.

Anyway, thought a few of you may be interested if it climbs back into the 1.30's for a potential nice ride down in the next few weeks.
Attached Image
  • #330
  • Apr 12, 2010 11:30pm Apr 12, 2010 11:30pm
Quoting Clouds
getting back to your a/u long idea, .... eur/aud is hitting a TL resistance, and eur/cad looks like it may have broken the TL resistance, and those pairs move similar, - not sure what to think, u?
for now, im just dinking around with short ej and long ucad, i may try and not make things to complicated and stay in these positions till tomorrow
I will just keep a close eye on PA right around old UTL. If it looks like it will make a small bounce on its way down to take out 92 I will take a few of the pips up. If not, I will just ride it down to 92
Attached Image (click to enlarge)
Click to Enlarge Name: audddd.gif Size: 17 KB
  • #331
  • Apr 12, 2010 11:31pm Apr 12, 2010 11:31pm
EU is in 20 pip range, perfect time have sell order below around 3555 for TP 3500
  • #332
  • Apr 12, 2010 11:36pm Apr 12, 2010 11:36pm
Quoting thadakman
Heads up on a longer-term play...

Check out weekly chart on AUD/NZD; very nice shooting star last week and a bearish candle to start off this week... Last week, I mentioned the pair having the potential to lose the 1.30 handle "soon" and it's currently sitting at 1.2961 right now.

The AUD and NZD currencies are correlated pretty highly; however, the AUD has been rallying quite a bit over the NZD for a while now... and the AUD will fall much further if any bad news comes out of China... what I also like about this pair, is if you short it, the...
yes its very bad sign for the pairs.but trend is quite strong.wait for the first move if u wanna jump in.
not enough room just above the resistant as well.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-NZD WEEKLY.gif Size: 9 KB
  • #333
  • Apr 12, 2010 11:40pm Apr 12, 2010 11:40pm
Quoting trade price
allready testing 15 m.
if it goes through will test the 4 hour see the both charts
well i put my SL 126.35 - will try get some shut eye now
  • #334
  • Apr 12, 2010 11:55pm Apr 12, 2010 11:55pm
Quoting Clouds
well i put my SL 126.35 - will try get some shut eye now
after ur stops
  • #335
  • Apr 13, 2010 12:01am Apr 13, 2010 12:01am
Quoting trade price
after ur stops

at least my stop will be in profit. goodnight...
  • #336
  • Apr 13, 2010 12:23am Apr 13, 2010 12:23am
What's going on with UJ
  • #337
  • Apr 13, 2010 12:28am Apr 13, 2010 12:28am
Japan Ruling Party Draft: Should try to keep forex levels around 120 Yen per dollar...

Can you imagine where the crosses would be priced if it ever reached that!?!
  • #338
  • Apr 13, 2010 12:29am Apr 13, 2010 12:29am
Glad I wasn't in that pair, wow. It is stumbling around old TL, fib and 93.15 S/R
  • #339
  • Apr 13, 2010 12:29am Apr 13, 2010 12:29am
Quoting thadakman
Japan Ruling Party Draft: Should try to keep forex levels around 120 Yen per dollar...

Can you imagine where the crosses would be priced if it ever reached that!?!
Who is your news provider. I got nothing from Reuters
  • #340
  • Apr 13, 2010 12:31am Apr 13, 2010 12:31am
Quoting Saxon
Glad I wasn't in that pair, wow. It is stumbling around old TL, fib and 93.15 S/R
It sure as heck helped my long USD/JPY trade come back; I'm long-term on that one 97-100! Been hedging in and out on some short yen crosses in the meantime and small trades long and short USD/JPY... but I hold my core position long-term (once the US raises interest rates it should really take off)
3 traders viewing now