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Nearly Naked (Simple Trades)

  • #601
  • Apr 20, 2010 2:06pm Apr 20, 2010 2:06pm
Quoting calderone
I'm not a fundamental kind of guy but cad has big news at 9 am est. There is a chance that you can still get in on this trade if it retraces.

Hope you all took it.
Great call. My charts just got up and it went south like you expected.
  • #602
  • Apr 20, 2010 2:29pm Apr 20, 2010 2:29pm
My internet connection sometimes goes out and I go ape! I used to just call my broker and close trades but I figured out that I cannot call Malta due to my phone service (switched from US broker). My plan is to pick up a simple wifi card for emergencies.

Thanks for the prop on usd/cad but I didn't catch all of it. My plan was to move my stop to break even in case it ran north. I got closed in profit very quickly but my target was 1.0050. Better than being stopped but that was a fast mover.
  • #603
  • Apr 20, 2010 2:43pm Apr 20, 2010 2:43pm
Quoting calderone
My internet connection sometimes goes out and I go ape! I used to just call my broker and close trades but I figured out that I cannot call Malta due to my phone service (switched from US broker). My plan is to pick up a simple wifi card for emergencies.

Thanks for the prop on usd/cad but I didn't catch all of it. My plan was to move my stop to break even in case it ran north. I got closed in profit very quickly but my target was 1.0050. Better than being stopped but that was a fast mover.
Malta? Wifi is a good plan. I was at the home office and had no backup
Great call again though, you were spot on with that call! I'm just getting my charts up and looking for some setups now. I'll try to get some up soon.
  • #604
  • Apr 20, 2010 8:29pm Apr 20, 2010 8:29pm
I'm thinking about laying low until after the gbp news releases to see what breaks loose. I am also watching u/j for a long after the trendline test/retrace. I have my eye on aud also. I had a 4hr signal to go short but it isn't an A+ setup. I dunno....

Catch up with you soon.

Get some sleep Saxon! lol
  • #605
  • Apr 20, 2010 8:36pm Apr 20, 2010 8:36pm
Quoting calderone
I'm thinking about laying low until after the gbp news releases to see what breaks loose. I am also watching u/j for a long after the trendline test/retrace. I have my eye on aud also. I had a 4hr signal to go short but it isn't an A+ setup. I dunno....

Catch up with you soon.

Get some sleep Saxon! lol
I agree. G/U has too much news on the radar and the short signal on A/U is weak. It's just ranging and will not pass the Daily pivot. Ohh well. I'll be back around London open if not sleeping!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #606
  • Apr 20, 2010 9:24pm Apr 20, 2010 9:24pm
Quoting calderone
I'm thinking about laying low until after the gbp news releases to see what breaks loose. I am also watching u/j for a long after the trendline test/retrace. I have my eye on aud also. I had a 4hr signal to go short but it isn't an A+ setup. I dunno....

Catch up with you soon.

Get some sleep Saxon! lol
I am tired of trading London and the news. I think marc said it best when he said that “sleep is for the weekends”. I just started my daily gallon o’ coffee brewing so I will be up for the next 12 or so hours. I sold “00” UCHF and am out now with 10 pips so I am slowing taking back the UJ incident. I am not going to be trading UJ for the next few days, call me superstitious, but UJ is on my “no trade” sh*t list . EU is traveling too slow to make any significant trade on “00” 1.34 and was also held up on LT TL. Might head north for a few unless it is strong enough to push through S/R, 2 TLs and a “00”. I am watching UCAD heading down to potential test of prior low. AU is stuck between S/R ~9325 and “00” 93. Moves through either might signal a trade for me, it just blows that a lot of these come to fruition around London open, which throws a wrench in any analysis. As the market progresses I will post some potential setups.
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  • #607
  • Apr 20, 2010 9:27pm Apr 20, 2010 9:27pm
Check out this GU mess, this is why it is so hard to trade GU right now. It looks like the 405 in Los Angeles. So many TL intersections. This should be some good ops in the next few hours if GU picks a solid direction.
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  • #608
  • Apr 21, 2010 1:46am Apr 21, 2010 1:46am
Quoting Saxon
Wow, I was sweating bullets. I lost my internet connection for the last few hours. Geeze Oh well, back on now and nothing went against me, but wow, that could have been bad. I'm back now though.
hours.. with open trades, damn that would be stressful. did you have stops? i usually run two laptops connected and logged in.. one via adsl other via a 3G wireless, so if one goes down or even if the power goes out i have a good chance of staying alive. cheers.
  • #609
  • Apr 21, 2010 1:53am Apr 21, 2010 1:53am
Quoting networthOz
hours.. with open trades, damn that would be stressful. did you have stops? i usually run two laptops connected and logged in.. one via adsl other via a 3G wireless, so if one goes down or even if the power goes out i have a good chance of staying alive. cheers.
Ya, it sucked, but my broker is great and I could just call them up. I always have stops, but either way, it is scary. I have another broker on another terminal right next to me and I could watch them, and they are US based. A submarine must have smashed into the trans-atlantic cable and made me lose my UK brokers connection
  • #610
  • Apr 21, 2010 3:07am Apr 21, 2010 3:07am
Quoting Saxon
No Worries OvT. Keep your chin up. We all have our bad days. I had a few trades get stopped this week too. I found, for me, the key is to ONLY book trades that you are really confident on, so for me, there are some days I don't even trade. Get this, I almost went a whole week not booking any positions because I didn't see any that I was 100% comfortable with. It is a lot harder to go to a client and say, "I'm sorry, but I lost money this month." It is much easier to go to the client and say, "you know, I didn't feel comfortable with any positions...
been off the grid for 2 days now. sorry for the late reply!
thanks a lot for your advises, they are and will be very valuable knowledge to me, and i am sure to everyone else on this thread, i am still digesting them now lol

you're right about the odds of getting an ulcer if we're to watch ticks lol
i've got to setup my ps3 alongside my platform

though it's not easy to achieve what you said, but i believe going high probability, low risk trades is the way to go. never too much to learn

i've only got small pips on a/u last 2 days, had it bounced off 9300 and the LTL

i've just missed the g/u and a/u bounces earlier
not too sure if they will hold the 2nd time
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  • #611
  • Apr 21, 2010 3:13am Apr 21, 2010 3:13am
Quoting OvT
been off the grid for 2 days now. sorry for the late reply!
thanks a lot for your advises, they are and will be very valuable knowledge to me, and i am sure to everyone else on this thread, i am still digesting them now lol

you're right about the odds of getting an ulcer if we're to watch ticks lol
i've got to setup my ps3 alongside my platform

though it's not easy to achieve what you said, but i believe going high probability, low risk trades is the way to go. never too much to learn

i've only got small pips on a/u last 2 days, had it bounced...
Ya, pull up an XBOX next to your terminal I had a few trades go sour the other day, but just using them as a learning experience. I am waiting for the news to in a bit to see what GU does. Right now it seems like the GU sentiment is mixed. I don't have any good setups right now and my finger is itching to book a large trade, might be the coffee
  • #612
  • Apr 21, 2010 3:15am Apr 21, 2010 3:15am
Quoting OvT
been off the grid for 2 days now. sorry for the late reply!
thanks a lot for your advises, they are and will be very valuable knowledge to me, and i am sure to everyone else on this thread, i am still digesting them now lol

you're right about the odds of getting an ulcer if we're to watch ticks lol
i've got to setup my ps3 alongside my platform

though it's not easy to achieve what you said, but i believe going high probability, low risk trades is the way to go. never too much to learn

i've only got small pips on a/u last 2 days, had it bounced...

Great charts by the way. Looks like you might get a second chance on Au UTL bounce. I am going to be watching that PA closely
  • #613
  • Apr 21, 2010 3:48am Apr 21, 2010 3:48am
Quoting Saxon
Ya, pull up an XBOX next to your terminal I had a few trades go sour the other day, but just using them as a learning experience. I am waiting for the news to in a bit to see what GU does. Right now it seems like the GU sentiment is mixed. I don't have any good setups right now and my finger is itching to book a large trade, might be the coffee
other than waiting to build up a/u shorts after this 2 days rally, i don't have anything as well
what about u/cad, perhaps a good place to long here? 22 months low
  • #614
  • Apr 21, 2010 4:32am Apr 21, 2010 4:32am
Quoting OvT
other than waiting to build up a/u shorts after this 2 days rally, i don't have anything as well
what about u/cad, perhaps a good place to long here? 22 months low
Ya, everyone is saying that UCAD is on sale right now. I am not as convinced though. I am itching to buy it, but not too confident in that buy.
  • #615
  • Apr 21, 2010 4:48am Apr 21, 2010 4:48am
I hope all is well matey....Well done in maintaining your thread....
Regarding Cad...Here is My view..

I hope my thoughts help from a trading perspective ie Targets and stop

Have a nice Day

GeppyG
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Let Price determine your future!
  • #616
  • Apr 21, 2010 5:37am Apr 21, 2010 5:37am
Appreciate your analysis Geppyg, I am looking to buy cad at some point. It can trend very nicely from time to time.
  • #617
  • Apr 21, 2010 6:13am Apr 21, 2010 6:13am
Good Morning (afternoon or evening where ever you are)!

Where are the trades? I can't find a setup! Only one yesterday (and that was a lucky one). Is anyone inside a trade that is worthy right now?

When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #618
  • Apr 21, 2010 6:32am Apr 21, 2010 6:32am
I missed the ej move. I must have been looking for my geritol. lol
  • #619
  • Apr 21, 2010 6:53am Apr 21, 2010 6:53am
U/J

Watching the hourly close.
  • #620
  • Apr 21, 2010 7:03am Apr 21, 2010 7:03am
Watching A/U for a pullback to 9316 area for a possible short. Could get all the way to 9320 before the trade is invalidated.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
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