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Nearly Naked (Simple Trades)

  • #1,261
  • May 11, 2010 12:35pm May 11, 2010 12:35pm
Quoting Saxon
GU at price target 1, watching PA to see if it will move to 2
Quick bounce off PT and now SL is at entry
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  • #1,262
  • May 11, 2010 12:58pm May 11, 2010 12:58pm
Quoting Saxon
Quick bounce off PT and now SL is at entry
Free trade, SL BE now
  • #1,263
  • May 11, 2010 1:02pm May 11, 2010 1:02pm
Quoting Saxon
Free trade, SL BE now
Trading off the M5? Ohh boy! That was an old bad habit of mine that I've been able to keep from resurfacing!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,264
  • May 11, 2010 1:17pm May 11, 2010 1:17pm
A/U...

Notice how 150ema is below the 200sma. This just doesn't happen...I don't have anything on record for this in my journal. Price should be below the 150ema. This could be a great buy opportunity or a great sell opportunity. I don't know and therefore will not trade until this clears up. I will however document this in my journal for future reference!
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,265
  • May 11, 2010 1:20pm May 11, 2010 1:20pm
Quoting MarcVUM
Trading off the M5? Ohh boy! That was an old bad habit of mine that I've been able to keep from resurfacing!
Ya, I used M30 and H1. I just panned down the frame so you could see my entry. Got stopped out but my SL was +5 pips so I at least banked a few.
  • #1,266
  • May 11, 2010 1:49pm May 11, 2010 1:49pm
Quoting Saxon
Ya, I used M30 and H1. I just panned down the frame so you could see my entry. Got stopped out but my SL was +5 pips so I at least banked a few.
Oh I see why you showed us the M5 now. Kind of crazy today but made my pips early this morning. I won't trade until A/U clears up but my gut tells me it's going down. Wednesday's are no good for me for some reason. My theory is that the big boys take the day off and head to the golf course or fishing hole which creates unpredictable price swings. I may not trade tomorrow due to my history!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,267
  • May 11, 2010 3:44pm May 11, 2010 3:44pm
Wish I didn't trail that stop, would have been a 70 pip move
Hit my target perfect though.
The white are where I would be looking at PA for a potential trade
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  • #1,268
  • May 11, 2010 3:46pm May 11, 2010 3:46pm
Quoting MarcVUM
Oh I see why you showed us the M5 now. Kind of crazy today but made my pips early this morning. I won't trade until A/U clears up but my gut tells me it's going down. Wednesday's are no good for me for some reason. My theory is that the big boys take the day off and head to the golf course or fishing hole which creates unpredictable price swings. I may not trade tomorrow due to my history!
I hear ya, but tomorrow is my pool start date so I gotta be at the desk. Golf sounds nice though
  • #1,269
  • May 11, 2010 3:51pm May 11, 2010 3:51pm
Depending on data and the markets, this is where I would look for a potential trade on UJ if PA takes that route. I would trade a bounce with the trend. Depends on trade time and what markets are running though.
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  • #1,270
  • May 11, 2010 10:23pm May 11, 2010 10:23pm
Will this attempt break 8931
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  • #1,271
  • May 11, 2010 11:17pm May 11, 2010 11:17pm
Quoting Saxon
Will this attempt break 8931

I think there’s a good chance.

1. We’ve been in a down trend since 30th April.
2. 1st hit 11 May bounce back very strong.
2. 2nd hit 11 May bounce back not as strong.
3. Today 12 May 4 GMT struggling to bounce.
Disclaimer
Please note, I’m not always right. So don’t bet the house on this and straddle if you think it’s the best way to go.
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  • #1,272
  • May 11, 2010 11:22pm May 11, 2010 11:22pm
Quoting Saxon
Will this attempt break 8931
Yes! and I was lucky enough to be around for it!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,273
  • May 12, 2010 8:21am May 12, 2010 8:21am
A/U... so as it turns out that "reverse" 150/200 crossover on M15 that I was so unsure about because it wasn't "right" turned out to be a great sell opportunity. See, PA was supposed to bounce down at the crossover and continue under the 150ma or at least the 200ma.

I've documented this in my journal and will take advantage of it the next time it happens!
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,274
  • May 12, 2010 9:29am May 12, 2010 9:29am
Good charts Marc and Peter
I will be watching AU this afternoon. Here is the chart I got up. UTL is holding rather well
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  • #1,275
  • May 12, 2010 10:59am May 12, 2010 10:59am
Up about 30 pips, set Trailing Stop to 15. We will see what H1 candle brings
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  • #1,276
  • May 12, 2010 11:04am May 12, 2010 11:04am
Quoting MarcVUM
Yes! and I was lucky enough to be around for it!
How's your day going? Met the quota yet?
  • #1,277
  • May 12, 2010 11:08am May 12, 2010 11:08am
Hey everyone. I have not met my quota today due to being lulled to sleep and then having to shut down due to weather concerns. Not much thrilling pa today anyway. I seem to be watching the wrong pairs. lol
  • #1,278
  • May 12, 2010 11:10am May 12, 2010 11:10am
Quoting Saxon
How's your day going? Met the quota yet?
I took one trade early this morning... grabbed a few pips and glad that I did before it reversed! I've spent the rest of the morning washing the truck. Probably won't trade for the rest of today. Wednesday's are just bad days for me! So far I'm in the green today so I better not take my chances. Thursday's are usually the best day of the week for me so I can wait plus I've met quota for the week on Sunday so everything from Monday on has been extra dough!

I'll be back to check the thread later today. Good Luck with your trades and I'll see you later!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,279
  • May 12, 2010 11:12am May 12, 2010 11:12am
Quoting calderone
Hey everyone. I have not met my quota today due to being lulled to sleep and then having to shut down due to weather concerns. Not much thrilling pa today anyway. I seem to be watching the wrong pairs. lol
Ya, PA is pretty slow. Will be watching AU later for the data release. Watching PA now to see if it gets priced in beforehand.

Good to get some sleep though. Been on the desk for only about 6 hours now, and 1 pot of coffee. About to start up another pot. they should have a smiley face for coffee jitters ~~ maybe that
  • #1,280
  • May 12, 2010 11:12am May 12, 2010 11:12am
Quoting MarcVUM
I took one trade early this morning... grabbed a few pips and glad that I did before it reversed! I've spent the rest of the morning washing the truck. Probably won't trade for the rest of today. Wednesday's are just bad days for me! So far I'm in the green today so I better not take my chances. Thursday's are usually the best day of the week for me so I can wait plus I've met quota for the week on Sunday so everything from Monday on has been extra dough!

I'll be back to check the thread later today. Good Luck with your trades and I'll...
I thought about the wednesday thing when I turned my system on today. lol
I may clean the gargage out....
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