Nearly Naked (Simple Trades) | Page 89 | 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)

  • #1,761
  • May 18, 2010 3:28pm May 18, 2010 3:28pm
TP at 2240?

Quoting Saxon
Went Long EU @ "00" 1.22 with 25 pip SL
  • #1,762
  • May 18, 2010 3:29pm May 18, 2010 3:29pm
Quoting aragorn123
Hi Saxon,
Your wait might be worthwhile for GU atleast. Looking at my charts, I think it is going to bounce to around 1.4460 atleast (though it might go higher). I am still waiting and watching - I got my fingers burnt twice when shorting GU yesterday. Hit my stop, then went its merry way down.

For EU, you might want to check out this post by elitejets in Strat's thread..

http://www.forexfactory.com/showthre...95#post3734995

I won't be surprised to see a bounce now to higher levels before going down again.

Happy trading...
Thanks for the post. Me and you share similar views on EU and GU. It might just take us a while to get there. PA during these hours is sooooooo slow
  • #1,763
  • May 18, 2010 3:30pm May 18, 2010 3:30pm
Quoting calderone
If it goes to 1.00 we should go on a European tour! Oh, the poor peasants!
I'm down, one man's loss is another's gain. Zero sum game all the way
  • #1,764
  • May 18, 2010 3:30pm May 18, 2010 3:30pm
Quoting MarcVUM
I agree. Otherwise I would feel bad for profiting from their demise!
We would stimulate their economies by going for a visit, they should be thanking us
  • #1,765
  • May 18, 2010 3:32pm May 18, 2010 3:32pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting MarcVUM
I agree. Otherwise I would feel bad for profiting from their demise!
Hey there Marc...
Sounds fair.. earning from the EUR demise and spending the profits in Europe for that
You're welcome especially here in Germany to do so.

Anyone of you guys figured out what the German plans to bring in some restrictions for "naked" short selling will lead to?

--edit: read different comments on that now. Some say it will be positive for EUR.. this one pretty negative...

"NEW YORK (Dow Jones)--The euro plummeted Tuesday to a fresh four-year low after Germany announced it would ban certain speculative investments, exacerbating the selling of the single currency as investors run out of alternatives to trade the sovereign debt crisis already roiling the euro zone. The euro dropped nearly 1.5% against the dollar and fell more than 1.56% against the yen as investors already nervous over the fiscally shaky euro-zone periphery took Germany's actions as another sign of a "flailing" response to a problem that threatens to send global financial markets into a tailspin, said Win Thin, senior currency strategist at Brown Brothers Harriman in New York. The proposal limits the options of investors looking to express a negative view on the euro-zone, said David Gilmore, a partner at Foreign Exchange Analytics in Essex, Conn. If investors cannot short--or bet against--German banks, euro-zone sovereign debt or insurance to protect against default on that debt, the proposal "will simply channel more investors and speculators to express a negative view in the currency," Gilmore said. The proposal could mean "unlimited euro downside ahead," he said.
"

"unlimited euro downside"... so don't set you TP on parity-level ?!? haha
"Blue Horseshoe loves Anacott Steel!"
  • #1,766
  • May 18, 2010 3:38pm May 18, 2010 3:38pm
Quoting Tuner
Hey there Marc...
Sounds fair.. earning from the EUR demise and spending the profits in Europe for that
You're welcome especially here in Germany to do so.

Anyone of you guys figured out what the German plans to bring in some restrictions for "naked" short selling will lead to?

--edit: read different comments on that now. Some say it will be positive for EUR.. this one pretty negative...

"NEW YORK (Dow Jones)--The euro plummeted Tuesday to a fresh four-year low after Germany announced it would ban certain speculative investments,...
Nice, come over to the US. I do miss the Deutchmark though and wish Germany still used it. EU is a joke, Germany is footing the bill for all the financially irresponsible smaller states.
  • #1,767
  • May 18, 2010 3:49pm May 18, 2010 3:49pm
On AU, if the daily closes at current levels (under 0.8677), then I see 0.8577 as the next major area of support. Question is will it be breached today or will it provide a double-bottom scenario? It might turn out to be an interesting Asian session.

Marc, what do you think?
  • #1,768
  • May 18, 2010 3:55pm May 18, 2010 3:55pm
Quoting Tuner
Hey there Marc...
Sounds fair.. earning from the EUR demise and spending the profits in Europe for that
You're welcome especially here in Germany to do so.

Anyone of you guys figured out what the German plans to bring in some restrictions for "naked" short selling will lead to?
Hey Tuner. How can you folks in Germany put up with the stupidity of the other EU countries? You guys must really be mad and ready to exit the Union huh?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,769
  • May 18, 2010 3:55pm May 18, 2010 3:55pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Saxon
Nice, come over to the US. I do miss the Deutchmark though and wish Germany still used it. EU is a joke, Germany is footing the bill for all the financially irresponsible smaller states.
Ya... the good old Deutsche Mark.. Still got some of those coins here in my collection. (memories...)
This situation at the moment is just ridiculous. Germany is killing itself with those actions. When I heard Trichet talking last week.. even blaming Germany (and France) now for the current situation.... (by supporting the smaller countries to enter the EU and EUR...)

pretty hard outlook from his side:
The ECB head told Der Spiegel, the German magazine, that Europe could be facing its toughest situation for 65 years. "Without a doubt, since September 2008 we have been in the most difficult situation since the Second World War, perhaps since the First."

doesn' sound like fun to me.
So over to the US... (but shouldn't forget to transfer my savings in EUR to USD or Yen first
"Blue Horseshoe loves Anacott Steel!"
  • #1,770
  • May 18, 2010 3:58pm May 18, 2010 3:58pm
Quoting Tuner
doesn' sound like fun to me.
So over to the US... (but shouldn't forget to transfer my savings in EUR to USD or Yen first
I don't know about the U.S. I'm really considering Australia or New Zealand.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,771
  • May 18, 2010 3:59pm May 18, 2010 3:59pm
Quoting aragorn123
On AU, if the daily closes at current levels (under 0.8677), then I see 0.8577 as the next major area of support. Question is will it be breached today or will it provide a double-bottom scenario? It might turn out to be an interesting Asian session.

Marc, what do you think?
I'll let you know in about 30 minutes... 5:30pm est when I have my charts refreshed with the new daily S/R's.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,772
  • May 18, 2010 4:04pm May 18, 2010 4:04pm
Geeze, about to get stopped. No end in sight for EU
  • #1,773
  • May 18, 2010 4:12pm May 18, 2010 4:12pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting MarcVUM
Hey Tuner. How can you folks in Germany put up with the stupidity of the other EU countries? You guys must really be mad and ready to exit the Union huh?
Well.. lots on criticism about that here!
But Mrs. Merkel decided for us.

They had a poll here on a German TV-show (a more serious one actually) asking "Do you support Germany's decision to (help) bailout Greece?"
result was pretty clear: 95% No , 5% Yes

If more of us would really understand what we are heading to, we would all be on the streets to demonstrate IMO
(...as the people in Greece because of the "belt-tightening" that expects them)

--> wrong world ?!
"Blue Horseshoe loves Anacott Steel!"
  • #1,774
  • May 18, 2010 4:16pm May 18, 2010 4:16pm
Quoting Tuner
Well.. lots on criticism about that here!
But Mrs. Merkel decided for us.
One day when I visit Germany we will have to meet up so that you can show me all of that wonderful beer you guys make as well as the beautiful women!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,775
  • May 18, 2010 4:28pm May 18, 2010 4:28pm
A/U... If I had to guess it would be that PA will move down to 8582 Daily S1 and then back up to Daily Pivot... then downward.
Attached Image (click to enlarge)
Click to Enlarge Name: au1.jpg Size: 162 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,776
  • May 18, 2010 4:30pm May 18, 2010 4:30pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting MarcVUM
One day when I visit Germany we will have to meet up so that you can show me all of that wonderful beer you guys make as well as the beautiful women!
For sure. would be fun
But better be quick.. The breweries may shut down soon and the beautiful women could look wrinkled soon with all our concerns

ok.. enough "off-topic" now. back to the charts.
I was expecting to see some retrace now on EUR and AUD
(cashed biggest part of my AUD shorts @ .8630 and was lookin for a re-entry to add again)
87 area = retest of weekly S2 looks interesting to me

any thoughts?
"Blue Horseshoe loves Anacott Steel!"
  • #1,777
  • May 18, 2010 4:31pm May 18, 2010 4:31pm
Quoting MarcVUM
A/U... If I had to guess it would be that PA will move down to 8582 Daily S1 and then back up to Daily Pivot... then downward.
Yeah, I am thinking of those levels too, though I dont use Pivots. I am short and my first target is 0.8580. Lets see.
  • #1,778
  • May 18, 2010 5:11pm May 18, 2010 5:11pm
Quoting calderone
There is a close all script in the now defunct "the dance" thread. It's in the zip file. Don't ask me how I know.

Thanks! I will look for it.........
  • #1,779
  • May 18, 2010 6:22pm May 18, 2010 6:22pm
hi all

great thread we have here best of luck to all

it looks scary when i dint know

thats what i see next on fiber i might be wrong
Attached Image (click to enlarge)
Click to Enlarge Name: m eu.gif Size: 26 KB
  • #1,780
  • May 18, 2010 7:43pm May 18, 2010 7:43pm
Marc, I hope you're selling
4 traders viewing now