Nearly Naked (Simple Trades) | Page 65 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Trade Naked Candlesticks strategy 15 replies

Naked price trades 11 replies

Trading naked or keep it simple stuff.... 20 replies

Attachments: Nearly Naked (Simple Trades)
Exit Attachments

Nearly Naked (Simple Trades)

  • #1,281
  • May 12, 2010 9:13am May 12, 2010 9:13am
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...
Oh ya, I forgot, you and wednesdays aren't the best of friends
I got to run to the bank, will be back in 20 or so min
  • #1,282
  • May 12, 2010 9:13am May 12, 2010 9:13am
Quoting Saxon
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

Coffee jitters icon lol
  • #1,283
  • May 12, 2010 9:14am May 12, 2010 9:14am
Quoting calderone
Coffee jitters icon lol
Oh ya, i totally forgot about that one. Nice
  • #1,284
  • May 12, 2010 9:48am May 12, 2010 9:48am
First position got stopped but net +22 pips, so it was good. The other is trying to make up its mind
  • #1,285
  • May 12, 2010 11:40am May 12, 2010 11:40am
Quoting Saxon
First position got stopped but net +22 pips, so it was good. The other is trying to make up its mind
Second position got stopped out with +10 pips, so that was a success too. So AU net 32 pips. Going to wait till data release to trade AU again. Watching GU now as it is near a target
  • #1,286
  • May 12, 2010 11:52am May 12, 2010 11:52am
Last chart for a few hours. This is what I see on AU. Stepping off the desk for a few hours.
Attached Image (click to enlarge)
Click to Enlarge Name: af.gif Size: 79 KB
  • #1,287
  • May 12, 2010 12:04pm May 12, 2010 12:04pm
Quoting Saxon
Last chart for a few hours. This is what I see on AU. Stepping off the desk for a few hours.
Bounced off 89, analysis still stands and is only dependent on a move through 89. If however PA moves to UTL, I might trade a bounce with the trend through 89. We are on S/R 8931 right now though. Stepping off the desk might have to wait
  • #1,288
  • May 12, 2010 12:31pm May 12, 2010 12:31pm
Quoting Saxon
Bounced off 89, analysis still stands and is only dependent on a move through 89. If however PA moves to UTL, I might trade a bounce with the trend through 89. We are on S/R 8931 right now though. Stepping off the desk might have to wait
I was tempted to go long at Daily S2 (8910). I went for it and grabbed 15 for the bag. No more No more! I'm forcing myself to wait for the news at 9:30pm est.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,289
  • May 12, 2010 1:21pm May 12, 2010 1:21pm
Quoting MarcVUM
I was tempted to go long at Daily S2 (8910). I went for it and grabbed 15 for the bag. No more No more! I'm forcing myself to wait for the news at 9:30pm est.
Haha, nice, you seem stressed. I really want to go short. We have been on this S/R forever. Could be good for at least 20 pips? I am like you though, waiting for the data release.
  • #1,290
  • May 12, 2010 1:24pm May 12, 2010 1:24pm
Look like we are taking the orange route. Also, looks like we are hung up on blue S/R. Again, if PA takes to UTL, then I might trade there, but other than that, trades below 89 or on data. I really do want to short on this S/R though
Attached Image (click to enlarge)
Click to Enlarge Name: af.gif Size: 80 KB
  • #1,291
  • May 12, 2010 1:28pm May 12, 2010 1:28pm
Quoting Saxon
Haha, nice, you seem stressed. I really want to go short. We have been on this S/R forever. Could be good for at least 20 pips? I am like you though, waiting for the data release.
Stressed? Yea, Wednesday is screwing with my head. I don't know if it's just a mental thing or if I'm actually on to something strange that occurs on this day each week. Like I said, I think these big boys are taking the day off to play golf or whatever they do. I know that a lot of doctors and lawyers take Wednesday's off. Therefore with no real backbone in the market the small fry's are creating volatility that shows up as long "wicks" throughout the day (especially on M15).
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,292
  • May 12, 2010 2:28pm May 12, 2010 2:28pm
Quoting MarcVUM
Stressed? Yea, Wednesday is screwing with my head. I don't know if it's just a mental thing or if I'm actually on to something strange that occurs on this day each week. Like I said, I think these big boys are taking the day off to play golf or whatever they do. I know that a lot of doctors and lawyers take Wednesday's off. Therefore with no real backbone in the market the small fry's are creating volatility that shows up as long "wicks" throughout the day (especially on M15).
Ya

Well, I'm glad I didn't take that short. Targeting UTL and Data Release. Going to go make some more coffee
  • #1,293
  • May 12, 2010 2:52pm May 12, 2010 2:52pm
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...

Hi MarcVUM,

It’s Thursday here in Australia, would you like me to tell you how Wednesday went…It may be helpful.
Well, 180 pips.
That’s my Wednesday.
  • #1,294
  • May 12, 2010 3:21pm May 12, 2010 3:21pm
Quoting Peter-FX
Hi MarcVUM,

It’s Thursday here in Australia, would you like me to tell you how Wednesday went…It may be helpful.
Well, 180 pips.
That’s my Wednesday.
It's still Wednesday here in the States... I grabbed a few this morning and 15 during this afternoon. I swore I wasn't going to trade today but my addiction got the better of me. Waiting now for the AUD news at 9:30pm est.

Can you give us any idea on what the Employment news is going to be? Good or Bad? Should we be selling or buying A/U?

Good job on the 180 pips though! I hope it was $100/pip!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,295
  • May 12, 2010 3:21pm May 12, 2010 3:21pm
Quoting Peter-FX
Hi MarcVUM,

It’s Thursday here in Australia, would you like me to tell you how Wednesday went…It may be helpful.
Well, 180 pips.
That’s my Wednesday.
Nice score Good Job!

I have to tip my hat to Marc though too. Having a system and sticking to it is hard, but he does it well Good Job to you too Marc
  • #1,296
  • May 12, 2010 3:23pm May 12, 2010 3:23pm
Quoting Saxon
Nice score Good Job!

I have to tip my hat to Marc though too. Having a system and sticking to it is hard, but he does it well Good Job to you too Marc
Thanks
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,297
  • May 12, 2010 3:26pm May 12, 2010 3:26pm
PA is getting close to UTL on AU
  • #1,298
  • May 12, 2010 3:27pm May 12, 2010 3:27pm
Quoting Saxon
PA is getting close to UTL on AU
Also, there might be 100 MA confluence there as well, or 200 MA depending on your TF
  • #1,299
  • May 12, 2010 3:31pm May 12, 2010 3:31pm
Quoting Saxon
Also, there might be 100 MA confluence there as well, or 200 MA depending on your TF
Saxon, be careful. I have this funny feeling that A/U is going up for the rest of the week. My H4 is getting ready for a 21/35 crossover... H1 is ready for a 50/62 crossover and M15 could have a nice 150/200 crossover. Plus we are above Daily PP and Weekly PP is right above us.
Attached Image (click to enlarge)
Click to Enlarge Name: au1.jpg Size: 160 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,300
  • May 12, 2010 3:34pm May 12, 2010 3:34pm
Price action is just consolidating in 80 pip waves for au. My charts say unless the data is bad it should reach back up to 8980 again.

One other thing I am looking at today is the dollar index, it has just hit what could be some major resistance for it at 85.075, if it starts to move down from here then the euro could easily shoot up several hundred pips as the dollar could move back as far as the 83 area. If it continues up though, then the euro will probably be at 1.24 by tomorrow.
Attached Images
4 traders viewing now