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Nearly Naked (Simple Trades)

  • #1,121
  • May 6, 2010 9:13am May 6, 2010 9:13am
Good Morning boys and girls! Remind me not to take a sleeping aid at 4am again!

Here's some trade idea. N/U has been hitting S/R's fairly well over the past number of H4 candles. I'm looking for it to come down to Weekly S1 or at least 150ma.
Attached Image (click to enlarge)
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,122
  • May 6, 2010 9:14am May 6, 2010 9:14am
Quoting Saxon
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

I have spent far too much time at the dentist lately. OMG, if you only knew. I actually had to have a dental implant because I broke a molar below the gum line. I chose a local for the procedure and thought they were going to kill me.

Good luck to you. I may lay off until after nfp.

I also had a thought on the yen and it's crosses. Large Asian banks are heavy into ichimoku charting. This may be why western technicals don't always play out the way they should. Just a thought.
  • #1,123
  • May 6, 2010 9:23am May 6, 2010 9:23am
Quoting calderone
I have spent far too much time at the dentist lately. OMG, if you only knew. I actually had to have a dental implant because I broke a molar below the gum line. I chose a local for the procedure and thought they were going to kill me.

Good luck to you. I may lay off until after nfp.

I also had a thought on the yen and it's crosses. Large Asian banks are heavy into ichimoku charting. This may be why western technicals don't always play out the way they should. Just a thought.
Eh, they'll just complain about my coffee stains

Ya, Ichimoku and Renko are the asian way. Im just not a big fan of Ichimoku, too many colors.

I like P&F charting, but when you trade too many pairs and chart manually it gets crazy
  • #1,124
  • May 6, 2010 9:25am May 6, 2010 9:25am
Quoting MarcVUM
Good Morning boys and girls! Remind me not to take a sleeping aid at 4am again!

Here's some trade idea. N/U has been hitting S/R's fairly well over the past number of H4 candles. I'm looking for it to come down to Weekly S1 or at least 150ma.
Agreed, or LTL too
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  • #1,125
  • May 6, 2010 9:26am May 6, 2010 9:26am
Just got a letter in the mail from the IRS saying that I didn't pay enough taxes
  • #1,126
  • May 6, 2010 9:27am May 6, 2010 9:27am
USD's gaining steam
  • #1,127
  • May 6, 2010 9:31am May 6, 2010 9:31am
Looks like AU orders are ~10 pips below "00" 90. Let's see if there are enough
  • #1,128
  • May 6, 2010 9:33am May 6, 2010 9:33am
Check out what price GU is on......"00" 1.5
  • #1,129
  • May 6, 2010 9:35am May 6, 2010 9:35am
Quoting Saxon
Just got a letter in the mail from the IRS saying that I didn't pay enough taxes
They want to redistribute your wealth!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,130
  • May 6, 2010 9:36am May 6, 2010 9:36am
Depending how H1 candle settles, GU might be my big trade of the day
  • #1,131
  • May 6, 2010 9:36am May 6, 2010 9:36am
Quoting MarcVUM
They want to redistribute your wealth!
For real huh. Not fair. I'd rather redistribute it myself
  • #1,132
  • May 6, 2010 9:41am May 6, 2010 9:41am
Saxon, I'll send you my address for payment!
USD/CHF is going to have another 150ema / 200sma crossover. Once it happens look for a test of either one of these ma's and sell sell sell.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,133
  • May 6, 2010 9:42am May 6, 2010 9:42am
Quoting Saxon
Depending how H1 candle settles, GU might be my big trade of the day
And that is why we don't trade until the candle settles.
  • #1,134
  • May 6, 2010 9:42am May 6, 2010 9:42am
Hope some of you guys banked on the USD/CHF short; it came swift and quick this morning... here was my reasoning yesterday (posed on the Euro forum) about shorting the USD/CHF over going long the EUR/USD.

http://www.forexfactory.com/showthre...372&page=15804

http://cdn.forexfactory.com/images/s...n/post_old.gif May 5, 2010 3:00pm (16 hr ago)
thadakman http://cdn.forexfactory.com/images/s...ser_online.gif
Member
Member Since Sep 2009
http://cdn.forexfactory.com/images/misc/1kt.gif 363 Posts

http://cdn.forexfactory.com/images/icons/icon1.gif
Quote:
I have a feeling the SNB will just throw in the towel soon and quit trying to mimic the EURO and instead allow the CHF to freely appreciate against it for now... but only to catch people off guard; then they'll likely flush out a bunch of traders when things seem safe to short the EUR/CHF pair again... of course, if the EURO gets a short-term squeeze higher, then there will be no need for this and the CHF will just appreciate against the USD anyway.
Last edited by thadakman; May 5, 2010 3:02pm (16 hr ago). Reason: Added info

Funny thing is, and I'm sure some of the slightly more experienced traders have noticed this too (not that I'm very experience; just a couple years under the belt so far), is that the longer you have been trading the more your gut instincts just seem to pan out.

Anyway, thought mentioning "Going with the Gut" would be good in a thread like this since it's related to Simple Trading without relying on a ton of indicators!
  • #1,135
  • May 6, 2010 9:49am May 6, 2010 9:49am
Quoting thadakman
Hope some of you guys banked on the USD/CHF short; it came swift and quick this morning... here was my reasoning yesterday (posed on the Euro forum) about shorting the USD/CHF over going long the EUR/USD.

http://www.forexfactory.com/showthre...372&page=15804

http://cdn.forexfactory.com/images/s...n/post_old.gif May 5, 2010 3:00pm (16 hr ago)
thadakman http://cdn.forexfactory.com/images/s...ser_online.gif...
Good call on that. A few of us got in short yesterday around 1.12 I got stopped out at BE but it would have been nice to take that ride.
  • #1,136
  • May 6, 2010 9:50am May 6, 2010 9:50am
Did England just sink into the ocean? I didn't think we would see sub-1.5 prices for a while. USD is hot right now
  • #1,137
  • May 6, 2010 9:52am May 6, 2010 9:52am
Quoting shahab8b
It's a very good short set up imo, I will be really surprised it it doesn't fall at least 100 pips from here
Ahead of the game again Shahab, nice call. I should have set my stop at your UTL and I would have caught that drop. You still in it?
  • #1,138
  • May 6, 2010 9:56am May 6, 2010 9:56am
Hey marc, NU is almost to LTL on that chart I posted. Will USD steam right through it. USD is making quick work of a lot of my S/R, TL and "00"s right now.
  • #1,139
  • May 6, 2010 9:56am May 6, 2010 9:56am
Quoting Saxon
Ahead of the game again Shahab, nice call. I should have set my stop at your UTL and I would have caught that drop. You still in it?

G'day Saxon, I took profit just before weekly R2 around 1.103,
but I had some serious losers on E/A
  • #1,140
  • May 6, 2010 9:57am May 6, 2010 9:57am
Quoting Saxon
Hey marc, NU is almost to LTL on that chart I posted. Will USD steam right through it. USD is making quick work of a lot of my S/R, TL and "00"s right now.
here is that chart
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