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Nearly Naked (Simple Trades)

  • #1,861
  • May 19, 2010 2:27pm May 19, 2010 2:27pm
E/U,
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  • #1,862
  • May 19, 2010 2:29pm May 19, 2010 2:29pm
Quoting Saxon
Great confluence

Great chart
+ hidden bearish div at 4hr chart
  • #1,863
  • May 19, 2010 2:30pm May 19, 2010 2:30pm
i would have doubts of shorting E/U ,

risk pairs (A/J, N/J, E/U, G/U, G/J, ect) are in for correction, IMO
  • #1,864
  • May 19, 2010 2:32pm May 19, 2010 2:32pm
Ill be looking to buy into retracements if the daily holds.
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Annoying Precision
  • #1,865
  • May 19, 2010 2:32pm May 19, 2010 2:32pm
Quoting Saxon
Nice, I thin AJ is my next pair

Is anyone thinking of selling EU 1.2438 ?
Not me. Going to let this one pass by and see if it reaches near 1.26
  • #1,866
  • May 19, 2010 2:35pm May 19, 2010 2:35pm
Quoting Clouds
i would have doubts of shorting E/U ,

risk pairs (A/J, N/J, E/U, G/U, G/J, ect) are in for correction, IMO


Come on clouds, RRR at 1.2438 for a 36 pips drop is about 1:3 if the probability of a fall would be 33% you need RRR of 1: 2.1 to be profitable
  • #1,867
  • May 19, 2010 2:38pm May 19, 2010 2:38pm
Saxon here is one for you, GU has finally made it back to the green pivots, potential short if your still looking for one.
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  • #1,868
  • May 19, 2010 2:38pm May 19, 2010 2:38pm
Quoting shahab8b
Come on clouds, RRR at 1.2438 for a 36 pips drop is about 1:3 if the probability of a fall would be 33% you need RRR of 1: 2.1 to be profitable
oh, i didnt read the 36 pip part.. i was thinking more about what price will be in 24 hr
  • #1,869
  • May 19, 2010 2:42pm May 19, 2010 2:42pm
Quoting Clouds
oh, i didnt read the 36 pip part.. i was thinking more about what price will be in 24 hr

No for a trade with short 1.2438 Sl=1.2450 , TP=1.2400, risk 1% you might get 3%, if not no worries.
  • #1,870
  • May 19, 2010 2:45pm May 19, 2010 2:45pm
Well, I took a quick short on EU @ 1.24288 with a 30 pip SL. Not too much risk, I will be out soon either way
  • #1,871
  • May 19, 2010 2:48pm May 19, 2010 2:48pm
i confess i took a short usd/chf at 1.15. SL 1.1530
  • #1,872
  • May 19, 2010 2:48pm May 19, 2010 2:48pm
Hey Bud,

How have things going for you?

Quoting Saxon
Well, I took a quick short on EU @ 1.24288 with a 30 pip SL. Not too much risk, I will be out soon either way
Annoying Precision
  • #1,873
  • May 19, 2010 2:49pm May 19, 2010 2:49pm
Quoting amyc
Saxon here is one for you, GU has finally made it back to the green pivots, potential short if your still looking for one.
oh nice, i'm pulling that one up
thanks Amy
  • #1,874
  • May 19, 2010 2:51pm May 19, 2010 2:51pm
Quoting erikte279
Hey Bud,

How have things going for you?
Ok, trading the last few weeks have been crazy. Been doing really well though. How have your trades been going?
I have like a chronic flu or something, must be from the stress and lack of regular sleeping hours.
  • #1,875
  • May 19, 2010 2:51pm May 19, 2010 2:51pm
A/u: after an impulsive fall like this the best tools are S>R and fib levels to try short, trend mid-term is down so we wont see .9400 anytime this year
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  • #1,876
  • May 19, 2010 2:56pm May 19, 2010 2:56pm
Quoting shahab8b
A/u: after an impulsive fall like this the best tools are S>R and fib levels to try short, trend mid-term is down so we wont see .9400 anytime this year
so i guess we'll be paying $40 a day to be long eur/aud... if u haven't checked out that pair, 1.42 area is TL support from lows. Now at 1.47.
  • #1,877
  • May 19, 2010 2:59pm May 19, 2010 2:59pm
Quoting Clouds
so i guess we'll be paying $40 a day to be long eur/aud... if u haven't checked out that pair, 1.42 area is TL support from lows. Now at 1.47.

I know, it seems the trend finally reversed on that one.
  • #1,878
  • May 19, 2010 3:04pm May 19, 2010 3:04pm
Quoting Saxon
Well, I took a quick short on EU @ 1.24288 with a 30 pip SL. Not too much risk, I will be out soon either way
Stop almost to BE now
  • #1,879
  • May 19, 2010 3:07pm May 19, 2010 3:07pm
Well thats good and bad to hear, LOL.

My trading as of late has left a lot to be desired. My analysis is usually spot on (which is REALLY EXCITING) , trying to pick the end of retracements and add crazy lots has been a Bit of an issue. I'll work through it though.


Quoting Saxon
Ok, trading the last few weeks have been crazy. Been doing really well though. How have your trades been going?
I have like a chronic flu or something, must be from the stress and lack of regular sleeping hours.
Annoying Precision
  • #1,880
  • May 19, 2010 3:15pm May 19, 2010 3:15pm
Quoting erikte279
Well thats good and bad to hear, LOL.

My trading as of late has left a lot to be desired. My analysis is usually spot on (which is REALLY EXCITING) , trying to pick the end of retracements and add crazy lots has been a Bit of an issue. I'll work through it though.
No worries man, you're a great trader Even the best need to be humbled from time to time. A couple of days ago I had a UCHF issue. Took my loss as just a learning experience to trade my rules and not be overconfident. In the long run my losses have made me able to make larger gains; you know what I mean? You know, like the learning experience is more valuable then the pip loss. I think the flu meds are talking right now
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