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Nearly Naked (Simple Trades)

  • #1,461
  • May 16, 2010 5:11pm May 16, 2010 5:11pm
Quoting neo1599
Hi Marc

Will short it after it breaks .8799.
I'll be shorting swings back to the trend, no counters for me, so like if it swings to test UTL, 89 or 8931. However old TL could cause friction to any profitable swings. See chart
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  • #1,462
  • May 16, 2010 5:15pm May 16, 2010 5:15pm
Quoting Saxon
I'll be shorting swings back to the trend, no counters for me, so like if it swings to test UTL, 89 or 8931. However old TL could cause friction to any profitable swings. See chart
Probably won't make it up that high. Best guess is a touch of your green MA there but the MA will be lower then it is on your screenshot at the moment.

Weekly PP at 8905 or Daily PP at 8893. The highest I see atm is 150 MA on M15 at what is 8922 right now. That will change of course as the candles go by.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,463
  • May 16, 2010 5:18pm May 16, 2010 5:18pm
Quoting MarcVUM
Probably won't make it up that high. Best guess is a touch of your green MA there but the MA will be lower then it is on your screenshot at the moment.

Weekly PP at 8905 or Daily PP at 8893. The highest I see atm is 150 MA on M15 at what is 8922 right now. That will change of course as the candles go by.
Ya, we'll see, would be nice though. I am mainly in GU and EU right now and watching UCHF really close, so it might be Europe for my books today.
  • #1,464
  • May 16, 2010 5:42pm May 16, 2010 5:42pm
GU stuck in a little triangle. Tokyo might wake stuff up
  • #1,465
  • May 16, 2010 5:44pm May 16, 2010 5:44pm
Quoting Saxon
Ya, we'll see, would be nice though. I am mainly in GU and EU right now and watching UCHF really close, so it might be Europe for my books today.
Hi Saxon,

What price do u think would be good to short eu..??

thanks

Mahsam
  • #1,466
  • May 16, 2010 5:59pm May 16, 2010 5:59pm
My post summer outlook:

Hey everyone, hope some of you caught some nice gains on the Euro shorts last week... I missed a lot of that ride down (happened way sooner than I thought, but I did have a pretty profitable week playing other pairs)...

Anyway, since everyone and their mom is short/bearish on the Euro, I'm going to go out on a limb and am anticipating a downside capped at around 1.22 for now (perhaps a little lower in the 1.21's or even a dip in the 1.19's); after that, I believe the Euro will find it's way back into the low to mid 1.30's by the end of summer... and with Gold at a double top, I also see it pulling back since it is usually seasonally weak during the summer and this also goes with my belief that the euro starts to stabilize, which make people quit chasing gold for now (at least throughout the summer).

So, my plan is to start building some EUR longs now (against the AUD and CAD; it's in no man's land on the charts, but I feel relatively safe scaling in with small positions) and the USD (when/if it gets in the 1.22's) and also some gold shorts beginning at 1245.... anyone have any thoughts/plans for a medium-term outlook.

If the Euro does happen to get back into the 1.30's, I plan to start building some Euro shorts again.

Note: Long-term (possibly as soon as next year), I see the Euro going to parity with the USD, but I like to play both sides.
  • #1,467
  • May 16, 2010 6:01pm May 16, 2010 6:01pm
Quoting MarcVUM
Probably won't make it up that high. Best guess is a touch of your green MA there but the MA will be lower then it is on your screenshot at the moment.

Weekly PP at 8905 or Daily PP at 8893. The highest I see atm is 150 MA on M15 at what is 8922 right now. That will change of course as the candles go by.
Hi Marc

I have weekly pp at 8928, do you have 8905?
  • #1,468
  • May 16, 2010 6:04pm May 16, 2010 6:04pm
Quoting amyc
Hi Marc

I have weekly pp at 8928, do you have 8905?
Yes, my weekly pp is at 8905.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,469
  • May 16, 2010 6:06pm May 16, 2010 6:06pm
Quoting MarcVUM
Yes, my weekly pp is at 8905.
what your weekly high low and close for last week?

I have
9079
8850
8857
  • #1,470
  • May 16, 2010 6:09pm May 16, 2010 6:09pm
Quoting amyc
what your weekly high low and close for last week?

I have
9079
8850
8857

9077
8849
8857

I took the S/R's from: http://www.actionforex.com/markets/p...2010040848154/

I always use their calculations. The calculations provided by my platform are not as accurate when watching PA.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,471
  • May 16, 2010 6:13pm May 16, 2010 6:13pm
Quoting MarcVUM
9077
8849
8857

I took the S/R's from: http://www.actionforex.com/markets/p...2010040848154/

I always use their calculations. The calculations provided by my platform are not as accurate when watching PA.
I calculate a pp as (H+L+C)/3, how do they do theirs?
  • #1,472
  • May 16, 2010 6:14pm May 16, 2010 6:14pm
Quoting amyc
I calculate a pp as (H+L+C)/3, how do they do theirs?
Standard Pivot Points

R3 = H + 2( Pivot - L
R2 = Pivot + ( H - L )
R1 = ( 2 x Pivot ) - L
Pivot = ( H + L + C ) / 3
S1 = ( 2 x Pivot ) - H
S2 = Pivot - ( H - L )
S3 = L - 2( H - Pivot )
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,473
  • May 16, 2010 6:14pm May 16, 2010 6:14pm
Quoting thadakman
My post summer outlook:

Hey everyone, hope some of you caught some nice gains on the Euro shorts last week... I missed a lot of that ride down (happened way sooner than I thought, but I did have a pretty profitable week playing other pairs)...

Anyway, since everyone and their mom is short/bearish on the Euro, I'm going to go out on a limb and am anticipating a downside capped at around 1.22 for now (perhaps a little lower in the 1.21's or even a dip in the 1.19's); after that, I believe the Euro will find it's way back into the low to mid 1.30's...
Thanks for your analysis. I am pretty bearish on EU and more so due to the financial issues going on. I want to say we might see lows of 2005 with moderate corrections. But with EU, all analysis, for me, is shoot from the hip since there is more and more EU uncertainty coming out every week.
  • #1,474
  • May 16, 2010 6:14pm May 16, 2010 6:14pm
These were their figures:
0.9008
0.8850
0.8856
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,475
  • May 16, 2010 6:19pm May 16, 2010 6:19pm
Quoting MarcVUM
These were their figures:
0.9008
0.8850
0.8856
ok thanks, think i'll stick with my figure
  • #1,476
  • May 16, 2010 6:28pm May 16, 2010 6:28pm
Quoting amyc
ok thanks, think i'll stick with my figure
I'm curious to know what Shahab is using. He usually uses the Action Forex calculations.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,477
  • May 16, 2010 6:34pm May 16, 2010 6:34pm
Quoting MarcVUM
I'm curious to know what Shahab is using. He usually uses the Action Forex calculations.
I think in this instance they are wrong, it traded above 9008 for about 8 hours last Monday.
  • #1,478
  • May 16, 2010 6:36pm May 16, 2010 6:36pm
Quoting amyc
I think in this instance they are wrong, it traded above 9008 for about 8 hours last Monday.
What are your weekly S1-3 and R1-3?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,479
  • May 16, 2010 6:37pm May 16, 2010 6:37pm
Quoting MarcVUM
What are your weekly S1-3 and R1-3?
I don't know I don't use them
  • #1,480
  • May 16, 2010 6:37pm May 16, 2010 6:37pm
Quoting Saxon
GU stuck in a little triangle. Tokyo might wake stuff up
it's melting.
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