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Nearly Naked (Simple Trades)

  • #1,581
  • May 17, 2010 8:26am May 17, 2010 8:26am
This is how you get saved from surprises in the market place. By using limit orders. My re-entry short trade on GU (sell stop @1.4375) did not trigger.
  • #1,582
  • May 17, 2010 11:01am May 17, 2010 11:01am
Hi Saxon,

I am new to this market. I feel that you are a very experience trader. Could you kindly point out some link/book/resources?

Thank alot.

Ran

ps: sorry for messing up with your thread. I just register cannot send PM.
  • #1,583
  • May 17, 2010 11:20am May 17, 2010 11:20am
Quoting rantang
Hi Saxon,

I am new to this market. I feel that you are a very experience trader. Could you kindly point out some link/book/resources?

Thank alot.

Ran

ps: sorry for messing up with your thread. I just register cannot send PM.
If you search several pages back in the thread, Saxon explains his methodology of moving averages and big round numbers. That might give you a little insight into his trading.
  • #1,584
  • May 17, 2010 11:42am May 17, 2010 11:42am
I thought this was interesting. Eur/Nzd 4Hr Chart, 20/40 EMA.
First time since 1.90 that it's been above both EMA's.

Attached Image
  • #1,585
  • May 17, 2010 11:44am May 17, 2010 11:44am
Quoting Clouds
I thought this was interesting. Eur/Nzd 4Hr Chart, 20/40 EMA.
First time since 1.90 that it's been above both EMA's.

Attachment
Hey Clouds. You must be loving life on the A/U free fall lately! Good to see you around!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,586
  • May 17, 2010 11:46am May 17, 2010 11:46am
I'm back, look like old EU S/R 1.2333 got sloshed around a bit. I would wait for PA to get a ways away from it before trading on it again and let it get reset. I will get some charts up in a few. There seem to be some good targets in the making going on.

Hey Calderone, you in any pairs right now? I traded the beginning of London but had to step off the desk but am back on until London open agian. USD data this morning was pretty good and looks to put a stop, or at least put the brakes on for any corrections that were going on.
  • #1,587
  • May 17, 2010 11:48am May 17, 2010 11:48am
Quoting MarcVUM
Hey Clouds. You must be loving life on the A/U free fall lately! Good to see you around!
Hey Marc,
How are you and AU doing. Did you fill your retirement account on the drop?
  • #1,588
  • May 17, 2010 11:54am May 17, 2010 11:54am
Quoting Saxon
Hey Marc,
How are you and AU doing. Did you fill your retirement account on the drop?
Ha ha! Retirement isn't too far off now! Too young to retire though... remember I've got to get that new home for my wife and another couple of rental properties for myself. However, I did reach that cocktails before noon goal! Boy am I glad I left my old job, started my business and then sold it!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,589
  • May 17, 2010 11:55am May 17, 2010 11:55am
Quoting MarcVUM
Hey Clouds. You must be loving life on the A/U free fall lately! Good to see you around!
Thanks Yup. A/U on weekly is now below (20/40) EMA. 40 EMA was what it used as support back in February when it was at .86, so I think there's a lot more shorting there. Over a few months, we may test lows of .64.
  • #1,590
  • May 17, 2010 11:55am May 17, 2010 11:55am
Quoting Saxon
I'm back, look like old EU S/R 1.2333 got sloshed around a bit. I would wait for PA to get a ways away from it before trading on it again and let it get reset. I will get some charts up in a few. There seem to be some good targets in the making going on.

Hey Calderone, you in any pairs right now? I traded the beginning of London but had to step off the desk but am back on until London open agian. USD data this morning was pretty good and looks to put a stop, or at least put the brakes on for any corrections that were going on.
None at the present time. I shorted e/j earlier for my daily allowance but almost had a heart attack at the rapid movement. lol I guess I have been trading e/u more than other pairs and I almost had the pucker factor kick in.
  • #1,591
  • May 17, 2010 12:03pm May 17, 2010 12:03pm
Quoting calderone
None at the present time. I shorted e/j earlier for my daily allowance but almost had a heart attack at the rapid movement. lol I guess I have been trading e/u more than other pairs and I almost had the pucker factor kick in.
Haha, nice.

Did you check out US Eq Mrkts. Not off to a good start. Be interesting to see how close affects EU AU and GU
  • #1,592
  • May 17, 2010 12:06pm May 17, 2010 12:06pm
Quoting Saxon
Haha, nice.

Did you check out US Eq Mrkts. Not off to a good start. Be interesting to see how close affects EU AU and GU
Yeah, saw that. It also looks like I should have been shorting a/u. lol
  • #1,593
  • May 17, 2010 12:09pm May 17, 2010 12:09pm
Quoting calderone
Yeah, saw that. It also looks like I should have been shorting a/u. lol
I'm going to wait for some small corrections then jump in with the trend when it continues.
  • #1,594
  • May 17, 2010 12:10pm May 17, 2010 12:10pm
Need to start the coffee pot, back in a sec
  • #1,595
  • May 17, 2010 12:21pm May 17, 2010 12:21pm
A/U. I'm looking to reenter with a short somewhere between the 21 and 35 MA's but I'm also looking at the 8742-8747 area.
Attached Image (click to enlarge)
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,596
  • May 17, 2010 12:46pm May 17, 2010 12:46pm
If PA is getting tired, might be my time to enter in Europe pairs. Will be watching H1 close.
  • #1,597
  • May 17, 2010 12:57pm May 17, 2010 12:57pm
Will be watching GU PA @ 14476 and "00" 145
  • #1,598
  • May 17, 2010 12:59pm May 17, 2010 12:59pm
i m posting 2 charts ,, one i didnt mannage to post earlier cause of the stupid internet explorer that i got
second one shows the possible end of wave 3 down with a ret. to come ,, confirmed by momentum , MAGD , RSI div. and the most of all .,, 5 waves down in the s&p 500 ,, that referes to a possible 3 waves up before we go sinking again ,, i see this correction up possibliy ending around 8800-20 which is the recent high ,,,, and the down target starts at 8600-20

there is still a probability of another drop down but i dont think it ll reach much lower with the momentum fading awaye ,, , i wont recommend any buying to capture the correction
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 May. 17 20.41.jpg Size: 564 KB
Click to Enlarge Name: ScreenHunter_02 May. 17 07.50.jpg Size: 560 KB
  • #1,599
  • May 17, 2010 1:06pm May 17, 2010 1:06pm
Quoting Jesus4748
i m posting 2 charts ,, one i didnt mannage to post earlier cause of the stupid internet explorer that i got
second one shows the possible end of wave 3 down with a ret. to come ,, confirmed by momentum , MAGD , RSI div. and the most of all .,, 5 waves down in the s&p 500 ,, that referes to a possible 3 waves up before we go sinking again ,, i see this correction up possibliy ending around 8800-20 which is the recent high ,,,, and the down target starts at 8600-20

there is still a probability of another drop down but i dont think it ll reach...
Nice charts and analysis! PA "00" 88 is definitely on my radar.
  • #1,600
  • May 17, 2010 1:21pm May 17, 2010 1:21pm
Let's see if e/u can reach 2400
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