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Nearly Naked (Simple Trades)

  • #341
  • Apr 13, 2010 2:32am Apr 13, 2010 2:32am
Quoting Saxon
Who is your news provider. I got nothing from Reuters
I actually get news blips from the "Forex Insider"... it comes with the platform if you trade with Forex.com...

Well, it's getting late here and I have to get up early... happy Pipping everyone!
  • #342
  • Apr 13, 2010 2:33am Apr 13, 2010 2:33am
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!?!
Yes. Higher, but I'd ignore it. They can't move it 3,000 pips (Maybe over a period of years) - I'm sure you've heard people saying E/U should be at 1.0
  • #343
  • Apr 13, 2010 2:36am Apr 13, 2010 2:36am
Quoting Saxon
Who is your news provider. I got nothing from Reuters
u/j approaching TL again, you reckon something similar to previous setup still valid?
  • #344
  • Apr 13, 2010 2:36am Apr 13, 2010 2:36am
Quoting Clouds
Yes. Higher, but I'd ignore it. They can't move it 3,000 pips (Maybe over a period of years) - I'm sure you've heard people saying E/U should be at 1.0
It's just a shock I think for a lot of people to hear; hence the quick spike in price.... could easily keep running or just retrace... too soon to tell... looks like you can get a good price on some Yen cross shorts soon though if anyone wants to take those trades.
  • #345
  • Apr 13, 2010 2:40am Apr 13, 2010 2:40am
Quoting thadakman
It's just a shock I think for a lot of people to hear; hence the quick spike in price.... could easily keep running or just retrace... too soon to tell... looks like you can get a good price on some Yen cross shorts soon though if anyone wants to take those trades.
oh, i only open trades during asian session, i dont like get in new trade during london - but maybe tomorrow
  • #346
  • Apr 13, 2010 2:40am Apr 13, 2010 2:40am
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!?!
GBPJPY back up to 250.00 like couple of years ago.. that's 10000 pips
  • #347
  • Apr 13, 2010 2:44am Apr 13, 2010 2:44am
Quoting OvT
u/j approaching TL again, you reckon something similar to previous setup still valid?
It is plowing through all my S/R, TL, etc... I think it safe to stay out till it cools. You could risk it, but I am going to play it safe. There will be a shorting opportunity, but I think it best to wait. I'm waiting to see where the M15, M30 and H1 candles settle in 15 min.
  • #348
  • Apr 13, 2010 2:45am Apr 13, 2010 2:45am
Quoting thadakman
It's just a shock I think for a lot of people to hear; hence the quick spike in price.... could easily keep running or just retrace... too soon to tell... looks like you can get a good price on some Yen cross shorts soon though if anyone wants to take those trades.
waiting for canada to say something like that
  • #349
  • Apr 13, 2010 2:59am Apr 13, 2010 2:59am
Quoting Saxon
It is plowing through all my S/R, TL, etc... I think it safe to stay out till it cools. You could risk it, but I am going to play it safe. There will be a shorting opportunity, but I think it best to wait. I'm waiting to see where the M15, M30 and H1 candles settle in 15 min.
decided to take a small risk haha
attempted a short at 93.318, will be moving SL to B/E soon and watching PA
  • #350
  • Apr 13, 2010 3:07am Apr 13, 2010 3:07am
Quoting trade price
allready testing 15 m.
if it goes through will test the 4 hour see the both charts
that's an amazing call there!
  • #351
  • Apr 13, 2010 3:22am Apr 13, 2010 3:22am
charts
supply levels testing.
Attached Image (click to enlarge)
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  • #352
  • Apr 13, 2010 3:43am Apr 13, 2010 3:43am
Quoting OvT
decided to take a small risk haha
attempted a short at 93.318, will be moving SL to B/E soon and watching PA
You're rich. Good Call! I went short when it broke S/R 93.15. It was a LARGE positions so I am fading out lots.
  • #353
  • Apr 13, 2010 3:53am Apr 13, 2010 3:53am
Quoting Saxon
You're rich. Good Call! I went short when it broke S/R 93.15. It was a LARGE positions so I am fading out lots.
lol, moving SL? that should take some edge off the stress haha
i have the target at the fib line (previous low) 92.84
any potential wall it can run into before that that you're targeting?
  • #354
  • Apr 13, 2010 3:56am Apr 13, 2010 3:56am
this thread title is so ironic...
  • #355
  • Apr 13, 2010 4:00am Apr 13, 2010 4:00am
Quoting OvT
lol, moving SL? that should take some edge off the stress haha
i have the target at the fib line (previous low) 92.84
any potential wall it can run into before that that you're targeting?
I am already out. But I had larger positions so I bet heavy on a short move. The only thing I have between you fib is MA50 on my M15. It all depends on your TF of investment. If you want to hold this long, I would move your SL to more than BE and at least take a portion of your profit. Then let it go as far as you want. After that, you can run over the the UJ thread and see what they are saying on price targets. If they see something LT lower, than you should be fine. But first things first, make sure this trade isn't a loser and move SL to BE or more for that matter. Take some profit too. Good Job again on that trade! Forex Master!!!!
  • #356
  • Apr 13, 2010 4:02am Apr 13, 2010 4:02am
Quoting fxvoilaaa
this thread title is so ironic...
?
I enjoy (and maybe some of the other readers do too) this thread. If you have some issue with the way we are doing analysis, then go to the first page and read my opening comments.
  • #357
  • Apr 13, 2010 4:22am Apr 13, 2010 4:22am
Looks like UJ got held up at "00" 93
  • #358
  • Apr 13, 2010 4:31am Apr 13, 2010 4:31am
Quoting Saxon
I am already out. But I had larger positions so I bet heavy on a short move. The only thing I have between you fib is MA50 on my M15. It all depends on your TF of investment. If you want to hold this long, I would move your SL to more than BE and at least take a portion of your profit. Then let it go as far as you want. After that, you can run over the the UJ thread and see what they are saying on price targets. If they see something LT lower, than you should be fine. But first things first, make sure this trade isn't a loser and move SL to BE or...
thanks saxon, that TL was awesome lol
i moved the SL prior and finally just closed for +27 pips

and u/j thread is pretty quiet lol
good job you too! by just using TL, fib and S/R you've got u/j nailed twice
  • #359
  • Apr 13, 2010 4:35am Apr 13, 2010 4:35am
Quoting OvT
thanks saxon, that TL was awesome lol
i moved the SL prior and finally just closed for +27 pips

and u/j thread is pretty quiet lol
good job you too! by just using TL, fib and S/R you've got u/j nailed twice
Ya, that TL is money huh? It will be interesting if UJ tests it again if it will hold. It has taken a pounding. You called this one though, I got in mid fall, you got in at the beginning. Great Job!
  • #360
  • Apr 13, 2010 4:37am Apr 13, 2010 4:37am
Quoting trade price
and yes they made a base.but dont go long right now above is hammer waiting.
some times staying side line is the money
I agree, I am on the sideline for a bit, going to take some time to go over my charts again. Also, CAD and USD have some news coming up. I am going to have my finger on the trigger with that pair.
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