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Nearly Naked (Simple Trades)

  • #1,101
  • May 5, 2010 6:39pm May 5, 2010 6:39pm
Quoting Saxon
Later Mike. I think I will take his example and step off the desk till London. Off for a jog around the building, good luck with your trades, talk to you guys in a bit!
See you later!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,102
  • May 5, 2010 11:11pm May 5, 2010 11:11pm
CHF looks good for a long. Ascending triangle breakout on hourlies?
  • #1,103
  • May 5, 2010 11:38pm May 5, 2010 11:38pm
Got stopped out on U/CHF at B/E but...
A/U gave a nice Doji to signal the resume of the downtrend.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,104
  • May 6, 2010 1:13am May 6, 2010 1:13am
Buy U/Chf again. Look to add more at 1.1170-80 , tp 1.1280sh. stop 1.1155.

Possible 5-0 pattern, although if fail at 1.1280ish may just turn out to be a bearish 3-drive

Attached Image
  • #1,105
  • Edited 2:52am May 6, 2010 2:36am | Edited 2:52am
Was looking promising, suddenly the spike downwards, got stopped out. oh well. wonder what caused it.
  • #1,106
  • May 6, 2010 5:20am May 6, 2010 5:20am
Quoting mike w
Nice trade my man. I'm with ya on that one. Price action today became exhausted quick and we almost always get that last push before it dies off (thus the divergence and higher pricing).

And Mike, thanks for turning me on to this thread brother!

Glad you dropped in. You can post any chart, trade any method, talk nonsense a bit....it's a good thread.

Been a crazy week. Lots of news to move the market. I've been taking crumbs here and there but it works! lol
  • #1,107
  • May 6, 2010 5:22am May 6, 2010 5:22am
Quoting blurbear
Was looking promising, suddenly the spike downwards, got stopped out. oh well. wonder what caused it.

I looked at the 4hr and found a pin (hammer) type candle. That might have done it.
  • #1,108
  • May 6, 2010 5:35am May 6, 2010 5:35am
Traded GU and EU "00" bounce with the trend, came out in green. What is on the table today? I'll get some charts up ASAP
  • #1,109
  • Edited 5:59am May 6, 2010 5:46am | Edited 5:59am
Quoting Saxon
Traded GU and EU "00" bounce with the trend, came out in green. What is on the table today? I'll get some charts up ASAP

Good job on those. I had a bounce long off of 9000 on aud but I closed it afterthe hourly closed. But I got my daily allowance. lol
  • #1,110
  • May 6, 2010 5:56am May 6, 2010 5:56am
Quoting calderone
Good job on those. I had a bounce long off of 9000 on aud but I closed it afterthe horly closed. But I got my daily allowance. lol
Nice

Here are some chart with some friction points I will be looking at. I will probably not be trading counter-trend friction and will be mostly pro-trend trading for today and tomorrow. A lot of pairs are out of my analysis range and need to settle down before I can make any sense of significant S/R for those, so I might have some charts up on different pairs later today.
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  • #1,111
  • May 6, 2010 5:59am May 6, 2010 5:59am
Quoting Saxon
Nice

Here are some chart with some friction points I will be looking at. I will probably not be trading counter-trend friction and will be mostly pro-trend trading for today and tomorrow. A lot of pairs are out of my analysis range and need to settle down before I can make any sense of significant S/R for those, so I might have some charts up on different pairs later today.
Also, check out the significance of MAs 40, 50 and 100 on my charts. They are working really well.
  • #1,112
  • May 6, 2010 6:03am May 6, 2010 6:03am
I know what you mean. When the pairs start trending heavily, it makes no sense to do anything but join in. lol

I've got my eye on gbp. Notice on the daily we have a rounded top.
  • #1,113
  • May 6, 2010 6:04am May 6, 2010 6:04am
Quoting Saxon
Also, check out the significance of MAs 40, 50 and 100 on my charts. They are working really well.

Immitation is the most sincere form of flattery. Those and round numbers seem to work.
  • #1,114
  • May 6, 2010 6:12am May 6, 2010 6:12am
Quoting calderone
Immitation is the most sincere form of flattery. Those and round numbers seem to work.
Ya, "00"s are the first price I mark up on any chart. My favorite way to trade them is when PA passes through with the trend and counters back to it, then when PA touches "00" counter, you can trade with the trend and have a really really high prob of success. Check out the box in the below chart. Also, I market up some other "00" trades. The ones with the X's ususally mean that PA did not come in steep enough for a bounce to trade or were stop.
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  • #1,115
  • May 6, 2010 6:22am May 6, 2010 6:22am
Saxon (Marc & Co) ...nice thread going on here guys. I haven't posted here until now but I've been keeping tabs on your goings on

I know you like the 100ma and round numbers ...Would you typically have shorted GU when it bounced off the 15 min 100ema and 1.51 level just over an hr ago? 61.8 fib level too.

Cheers
Rob
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  • #1,116
  • May 6, 2010 6:32am May 6, 2010 6:32am
Quoting priceaction
Saxon (Marc & Co) ...nice thread going on here guys. I haven't posted here until now but I've been keeping tabs on your goings on

I know you like the 100ma and round numbers ...Would you typically have shorted GU when it bounced off the 15 min 100ema and 1.51 level just over an hr ago? 61.8 fib level too.

Cheers
Rob
Funny you should mention this because I was watching this one for a daz-style trade. I had a fib on the hourly and would short at confirmation. It wasn't a very strong trade using this method but it would have worked for a few pips. I switched time frames and looked at what you saw and it would have been a good trade for sure.

I'm putting a template together with Saxon's ma's. Seems to work and he's had a few more trades than I while I was pulling fibs.

I hope you keep posting here.
  • #1,117
  • May 6, 2010 6:43am May 6, 2010 6:43am
Quoting calderone
Funny you should mention this because I was watching this one for a daz-style trade. I had a fib on the hourly and would short at confirmation. It wasn't a very strong trade using this method but it would have worked for a few pips. I switched time frames and looked at what you saw and it would have been a good trade for sure.

I'm putting a template together with Saxon's ma's. Seems to work and he's had a few more trades than I while I was pulling fibs.

I hope you keep posting here.
Yes I remember Daz. He hasn't been around FF in a while.

I got short but not until 1.5070. Still I took 30 pips off the table so it was still good.

But as my school report used to say "could do better if he put his mind to it!!!"
  • #1,118
  • May 6, 2010 7:03am May 6, 2010 7:03am
Check out that "00" bounce. Depending on what this is being driven by, I might take a small short on 1.28 if PA gets there. Would be an intersection of MAs too. If it gets there. The wife made me a dentist appt so I might no be here
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  • #1,119
  • May 6, 2010 7:06am May 6, 2010 7:06am
Quoting priceaction
Saxon (Marc & Co) ...nice thread going on here guys. I haven't posted here until now but I've been keeping tabs on your goings on

I know you like the 100ma and round numbers ...Would you typically have shorted GU when it bounced off the 15 min 100ema and 1.51 level just over an hr ago? 61.8 fib level too.

Cheers
Rob
Nice to have you on the thread! Your trade is typically something that I would look for; confluence, "00" and 100 MA.
  • #1,120
  • May 6, 2010 7:07am May 6, 2010 7:07am
Quoting Saxon
Traded GU and EU "00" bounce with the trend, came out in green. What is on the table today? I'll get some charts up ASAP
Yep, I took it
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