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Nearly Naked (Simple Trades)

  • #1,841
  • May 19, 2010 1:19pm May 19, 2010 1:19pm
Quoting MarcVUM
A/U caught me off guard when I sold at 8435 2hrs ago. Got down to 84 and I was stupid enough not to take profit until 8420. All of a sudden a bounce to 8460! Went short again at 8460 and got out.

Kinda shaken up a bit from the volatility... better take a break.
look at eur/aud it went up 500 pips today, i wouldn't long that pair right now. (maybe next week) it is opposite of aud/usd.
  • #1,842
  • May 19, 2010 1:23pm May 19, 2010 1:23pm
Quoting aragorn123
I know ...best combination of keys ever invented. I just got tired of updating charts at home and then at work...

How have your trades been going?
UCHF took some of my pips away from me, I tried to pick a top, got some back from it though. Did well with GU and AU though. I'm just super sick (flu) and it is hard to do any analysis on flu meds. How are your positions doing?
  • #1,843
  • May 19, 2010 1:25pm May 19, 2010 1:25pm
when usd/cad spiked up to 1.07 it came down all way to 1.015 nice buying area and then went up to continue trend in slow fashion.

i think eur/aud will do same. it will come down 400-500 pips and then be a go up slower but continue it's upward trend.

now, i'm bias long on this pair, i've been calling for a bottom for this pair for the past few months.
  • #1,844
  • May 19, 2010 1:32pm May 19, 2010 1:32pm
Random question, what is a good cross pair that follows S/R really well? I am looking to add another pair but wanted one that didn't traded irrationaly.
  • #1,845
  • May 19, 2010 1:35pm May 19, 2010 1:35pm
Check out ECHF, wonder what the spread is on that one, yikes
  • #1,846
  • May 19, 2010 1:38pm May 19, 2010 1:38pm
AJ looks pretty good
  • #1,847
  • May 19, 2010 1:39pm May 19, 2010 1:39pm
Quoting Saxon
UCHF took some of my pips away from me, I tried to pick a top, got some back from it though. Did well with GU and AU though. I'm just super sick (flu) and it is hard to do any analysis on flu meds. How are your positions doing?
oh, oh, yeah that flu can be really irritating. Need rest and soup, lot of them . Do take care.

I have an Aussie free short running from yesterday. I am looking to add to it if 0.8600 is re-tested. Other than that, I have the UCHF trade I mentioned - planning to add to it on more retracements.. Nothing else for now.
  • #1,848
  • May 19, 2010 1:44pm May 19, 2010 1:44pm
i think we'll get a retracement on a/u that may surprise a lot of people. a/j at support on monthly is telling, maybe 400-500 pips. maybe .90 - .91

just a thought.
  • #1,849
  • May 19, 2010 1:45pm May 19, 2010 1:45pm
EU is on its way to S/R ~ 1.2438
  • #1,850
  • May 19, 2010 1:49pm May 19, 2010 1:49pm
not trading this pair, but what if usd/chf went all way to 1.07.....

Attached Image
  • #1,851
  • May 19, 2010 1:51pm May 19, 2010 1:51pm
e/g is being quite obstinate today.
Annoying Precision
  • #1,852
  • May 19, 2010 1:52pm May 19, 2010 1:52pm
Quoting Clouds
i think we'll get a retracement on a/u that may surprise a lot of people. a/j at support on monthly is telling, maybe 400-500 pips. maybe .90 - .91

just a thought.
Yeah, I saw your post on another thread talking about AJ support.

AU might retrace over 0.9 as well. the 78.6 fib (which AU loves) is around 0.91 (0.9402-0.8359), so I wont be surprised if it does retrace till there. FOr now though, I am watching action at 0.8600.

Btw, keep an eye out on UJ also - that might be the reason AJ might bounce. It is perched around the 91.59 mark. That is a pretty strong support. Today's GDP release might just provide the momentum needed for it to go higher.

Again, complete speculation on my part. I will just let price do the talking and hopefully, hang on to its speech.
  • #1,853
  • May 19, 2010 1:59pm May 19, 2010 1:59pm
Quoting Clouds
not trading this pair, but what if usd/chf went all way to 1.07.....

Attachment
That would be quite a swing, not unreasonable though considering current movements across th board. There should be some serious corrections soon. The trouble is trying to find out where it starts
  • #1,854
  • May 19, 2010 2:08pm May 19, 2010 2:08pm
Quoting Saxon
That would be quite a swing, not unreasonable though considering current movements across th board. There should be some serious corrections soon. The trouble is trying to find out where it starts
yes.... i just remember last time when a/j was at 76.5 and a/u went all the way back to .94. another key pair is e/j which is at or around lows of 2008.
  • #1,855
  • May 19, 2010 2:08pm May 19, 2010 2:08pm
E/U

If 1.2445 breaks
Attached Image (click to enlarge)
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  • #1,856
  • May 19, 2010 2:14pm May 19, 2010 2:14pm
Hey Saxon,

A/J round# for you
+S>R
+fib 38-50%
Attached Image (click to enlarge)
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  • #1,857
  • May 19, 2010 2:21pm May 19, 2010 2:21pm
Quoting shahab8b
Hey Saxon,

A/J round# for you
+S>R
+fib 38-50%
Nice, I thin AJ is my next pair

Is anyone thinking of selling EU 1.2438 ?
  • #1,858
  • May 19, 2010 2:23pm May 19, 2010 2:23pm
Quoting Saxon
Nice, I thin AJ is my next pair

Is anyone thinking of selling EU 1.2438 ?
Great confluence
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  • #1,859
  • May 19, 2010 2:23pm May 19, 2010 2:23pm
Kiwi
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  • #1,860
  • May 19, 2010 2:24pm May 19, 2010 2:24pm
Quoting Saxon
Nice, I thin AJ is my next pair

Is anyone thinking of selling EU 1.2438 ?

Me, RRR is great SL is 1.2450 , that's what I call a good odds.
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