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Nearly Naked (Simple Trades)

  • #461
  • Apr 15, 2010 2:16pm Apr 15, 2010 2:16pm
Quoting shahab8b
E/U short set up
PA is heading right where you though it would. Do you place your orders at the front or the back of your sell zone usually?
  • #462
  • Apr 15, 2010 2:21pm Apr 15, 2010 2:21pm
UJ might have created a new roof last night. PA is also flirting with "00" 93. Swings away are getting smaller too so a break show come sometime sooner than later. As I am typing with PA just broke "00" and might head to LTL
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  • #463
  • Apr 15, 2010 2:26pm Apr 15, 2010 2:26pm
Quoting Saxon
PA is heading right where you though it would. Do you place your orders at the front or the back of your sell zone usually?
I use multiple entries in the zone, with a hard stop over 1.3600, already took short at 1.3574
  • #464
  • Apr 15, 2010 2:29pm Apr 15, 2010 2:29pm
Quoting shahab8b
E/U short set up
same set up for long U/chf will post the chart soon, entry now with a hard stop of 25 pips
  • #465
  • Apr 15, 2010 2:37pm Apr 15, 2010 2:37pm
U/Chf speaking of confluence:

fib 50%
R>S
weekly S
bullish hidden div
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  • #466
  • Apr 15, 2010 4:38pm Apr 15, 2010 4:38pm
Here is what i just posted on the UJ thread:

Here is what I see for this pair. Right now we are on "00" 93. Since PA is slowing and speed is not that fast coming into "00", There is a potential to break. Below it I have TL that could cause friction, but I cannot see it bouncing PA. I will make a Buy @ ~ 0.0 Fib marked in white box. This is also and intersection of LT TLs. If price does happen to bounce from curren "00" UTL will cause alot of friction and could wedge PA back to "00" I would make a small short with a tight stop at PA interaction with that TL. If Price somehow broke that TL, I would Place Short @ 93.6 with wider stops. I would only trade S/R for this pair right now.
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  • #467
  • Apr 15, 2010 4:43pm Apr 15, 2010 4:43pm
GBP

For me, GU is between 2 S/R levels, "00" and 1.54866. If PA manages to break lower S/R, then I could see it falling ot next S/R levels on the chart. I have no positions in GU right now. I will wait and see for 1HR candle to settle first and see where next open is.
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  • #468
  • Apr 15, 2010 4:47pm Apr 15, 2010 4:47pm
UCHF is on S/R ~1.05574 after making some correction from the previous blast off. At 1HR candle I will see where PA is and either ride it up to "00" levels as I feel that this gap really wants to eventually get filled. If not, I will take it down to S/R interaction ~ 1.05063-"00"
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  • #469
  • Apr 15, 2010 4:57pm Apr 15, 2010 4:57pm
Anyone else seeing any potential S/R or setups? Also UCHF has retraced nearly ~50% of the prior swing. H1 candle to settle soon
  • #470
  • Apr 15, 2010 7:25pm Apr 15, 2010 7:25pm
Trade paid off, did anyone else enter with me?

My CHF trade bounced perfectly. Thanks to Shahab8b for the EU trade idea, I got in at a good time.

Moving my stops to BE now
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  • #471
  • Apr 15, 2010 7:41pm Apr 15, 2010 7:41pm
Quoting shahab8b
they are aiming for the gap, E/U and U/Chf
Great call!!!
  • #472
  • Apr 15, 2010 7:41pm Apr 15, 2010 7:41pm
Quoting shahab8b
E/U short set up
Another Great Call !!!
  • #473
  • Apr 15, 2010 7:44pm Apr 15, 2010 7:44pm
Great calls Shahab,
I netted roughly 100 pips on your calls. I need to write you a check and send you some commission
  • #474
  • Apr 15, 2010 7:49pm Apr 15, 2010 7:49pm
Quoting Saxon
Here is what i just posted on the UJ thread:

Here is what I see for this pair. Right now we are on "00" 93. Since PA is slowing and speed is not that fast coming into "00", There is a potential to break. Below it I have TL that could cause friction, but I cannot see it bouncing PA. I will make a Buy @ ~ 0.0 Fib marked in white box. This is also and intersection of LT TLs. If price does happen to bounce from curren "00" UTL will cause alot of friction and could wedge PA back to "00" I would make a small short with a tight stop at PA interaction...
UJ might be headed where I expected. We shall see.
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  • #475
  • Apr 15, 2010 7:57pm Apr 15, 2010 7:57pm
Quoting Saxon
GBP

For me, GU is between 2 S/R levels, "00" and 1.54866. If PA manages to break lower S/R, then I could see it falling ot next S/R levels on the chart. I have no positions in GU right now. I will wait and see for 1HR candle to settle first and see where next open is.
See chart for update. It is going where I thought it would, now lets see if it bounces where I think it will "00" 1.54 - 1.53931
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  • #476
  • Apr 15, 2010 8:46pm Apr 15, 2010 8:46pm
Quoting Saxon
Great calls Shahab,
I netted roughly 100 pips on your calls. I need to write you a check and send you some commission
you are welcome Saxon, it's nice to see you traded them.I booked the profit on them too, risked 2% and returned 4% on each call. it has been a great night so far
  • #477
  • Apr 15, 2010 9:33pm Apr 15, 2010 9:33pm
Great trading all. I wanted to throw a chart up. Pardon all the garb on it, just ignore it. I plan on removing a few things since I'm not paying attention to them anyway.

Boxes, can be fun! A very wise man taught me this.

I hope everyone has a good weekend and I will catch you all next week.

Compliments on a great thread.

Mike
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  • #478
  • Apr 15, 2010 11:02pm Apr 15, 2010 11:02pm
Quoting Saxon
UJ might be headed where I expected. We shall see.
It went where i thought it would and I booked my buy. I am up a little. Going to exit soon as PA is slow.
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  • #479
  • Apr 15, 2010 11:05pm Apr 15, 2010 11:05pm
A/U short has been taken at .9307 (I wrote .9302 on chart which is wrong+ the crab is bullish not bearish I was rushing to post the chart) SL=10 tp.9268

buy limit at .9265 sl=15 tp .9330
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  • #480
  • Apr 15, 2010 11:47pm Apr 15, 2010 11:47pm
Quoting Saxon
Anyone else seeing any potential S/R or setups? Also UCHF has retraced nearly ~50% of the prior swing. H1 candle to settle soon
nothing specific, but look for opportunities to buy the dollar - the dollar will probably end on a strong note this week.
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