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Nearly Naked (Simple Trades)

  • #2,081
  • May 23, 2010 5:42pm May 23, 2010 5:42pm
Quoting Saxon
TP'd at 40. Good score, I don't know if it was going to continue, I wanted to TP at "00" but wussed out. Oh well.
I think it might get to Marc's target, this might have been just a quick breakout.
  • #2,082
  • May 23, 2010 5:42pm May 23, 2010 5:42pm
Quoting Saxon
TP'd at 40. Good score, I don't know if it was going to continue, I wanted to TP at "00" but wussed out. Oh well.
Ok Ok I grabbed 10. I don't trust it!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,083
  • May 23, 2010 5:44pm May 23, 2010 5:44pm
Quoting MarcVUM
Ok Ok I grabbed 10. I don't trust it!
Ya, this is what I was seeing so I had to take it, since it went below DP, it also helped me feel better about the quick trade. I am out now too though, just a quick grab.
Attached Image (click to enlarge)
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  • #2,084
  • May 23, 2010 5:55pm May 23, 2010 5:55pm
Quoting Saxon
Ya, this is what I was seeing so I had to take it, since it went below DP, it also helped me feel better about the quick trade. I am out now too though, just a quick grab.
Watching EUs interaction with confluence area 2 fib, FE 61 and "00" 1.25 to guage if I re-enter AU. So ya, watch EU PA at "00" 1.25 since it is very significant confluence area.
  • #2,085
  • May 23, 2010 5:57pm May 23, 2010 5:57pm
Quoting Saxon
Watching EUs interaction with confluence area 2 fib, FE 61 and "00" 1.25 to guage if I re-enter AU. So ya, watch EU PA at "00" 1.25 since it is very significant confluence area.
Here's a picture of what I am talking about. The second shows analyst's targets. Not sure if they are mine yet.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eeee.gif Size: 43 KB
  • #2,086
  • May 23, 2010 6:02pm May 23, 2010 6:02pm
Quoting Saxon
Watching EUs interaction with confluence area 2 fib, FE 61 and "00" 1.25 to guage if I re-enter AU. So ya, watch EU PA at "00" 1.25 since it is very significant confluence area.
I am watching EU pa as well trying to guage AU.
EU bounced off the green highs on Friday so needs to come down into the green midpoints early this week, after that it should move higher into 1.2725. This move has 90% probability. Looking at the position of EA I think that once eu hits the support if it moves up AU will move up as well, probably into the 85 area. This could take several days to play out though, sitting on my hands for now.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.GIF Size: 11 KB
  • #2,087
  • May 23, 2010 6:03pm May 23, 2010 6:03pm
Quoting Saxon
Hey Marc,
Here is my AU so far.
Notice the shape that is forming at the bottom of this trend. One analyst I read think the blue is what we will be seeing. I think maybe the lower red. However, either way, I will be watching PA closely at both. PA is too close to stong S/R 8359 for me to book anything on that, also, we are really close to WPIVOT so I might be watching PA there as well. I hope we get wedged down to low.

Hey Saxon, How is the trading going? I see you've got a weekly pivot indi that keeps the last week level in place, that's different from what I've got and I've been looking for something like that ,would you mind sharing it here. Thanks.
  • #2,088
  • May 23, 2010 6:08pm May 23, 2010 6:08pm
Quoting shahab8b
Hey Saxon, How is the trading going? I see you've got a weekly pivot indi that keeps the last week level in place, that's different from what I've got and I've been looking for something like that ,would you mind sharing it here. Thanks.
Sure, I'm not to good at MT4 code but I think I can figure out how to find it.
  • #2,089
  • May 23, 2010 6:11pm May 23, 2010 6:11pm
Quoting Saxon
Sure, I'm not to good at MT4 code but I think I can figure out how to find it.
I think this is the one I use. i don't change any of the code, just drag and drop. Try it out and tell me if this is the one, if not, I think it could be one other, but I am 90% sure this is it.
Attached File(s)
File Type: mq4 Tri Pivs.mq4   5 KB | 205 downloads
  • #2,090
  • May 23, 2010 6:18pm May 23, 2010 6:18pm
Quoting amyc
I am watching EU pa as well trying to guage AU.
EU bounced off the green highs on Friday so needs to come down into the green midpoints early this week, after that it should move higher into 1.2725. This move has 90% probability. Looking at the position of EA I think that once eu hits the support if it moves up AU will move up as well, probably into the 85 area. This could take several days to play out though, sitting on my hands for now.
Ya, there was an analyst report I was reading that said 1.2439 then the move, so that looks about at at your midpoint right?
  • #2,091
  • May 23, 2010 6:20pm May 23, 2010 6:20pm
Quoting Saxon
Ya, there was an analyst report I was reading that said 1.2439 then the move, so that looks about at at your midpoint right?
Yes that is my buy point, not sure if i will take it though, it's valid unless there is a 4hr close below.
  • #2,092
  • May 23, 2010 8:46pm May 23, 2010 8:46pm
It's trying. Confluence with "00" though
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  • #2,093
  • May 23, 2010 9:04pm May 23, 2010 9:04pm
Still going at it Saxon? PA looks to be above the 50ma on H1 for A/U.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,094
  • May 23, 2010 9:06pm May 23, 2010 9:06pm
Quoting MarcVUM
Still going at it Saxon? PA looks to be above the 50ma on H1 for A/U.
Ya, still truck'n. Watching UCAD for a break, taking it's time though, have a small short 5 pips above "00" with a SL right above prior 5M swing. So no big loss potential, but want to be doing somthing I guess. You in any positions?
  • #2,095
  • May 23, 2010 9:09pm May 23, 2010 9:09pm
Been scalping A/U. Bagged around 40 pips tonight. I think we may be looking at the beginning of the burst higher right now. PA is fiddling around between 150ema and 200sma on M15. Just waiting for the Stochs to give me an ok.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,096
  • May 23, 2010 9:11pm May 23, 2010 9:11pm
My spread on UCAD is 5 pips right now What is everyone else at?
  • #2,097
  • May 23, 2010 9:12pm May 23, 2010 9:12pm
Quoting MarcVUM
Been scalping A/U. Bagged around 40 pips tonight. I think we may be looking at the beginning of the burst higher right now. PA is fiddling around between 150ema and 200sma on M15. Just waiting for the Stochs to give me an ok.
I hope so
  • #2,098
  • May 23, 2010 9:13pm May 23, 2010 9:13pm
Quoting MarcVUM
Been scalping A/U. Bagged around 40 pips tonight. I think we may be looking at the beginning of the burst higher right now. PA is fiddling around between 150ema and 200sma on M15. Just waiting for the Stochs to give me an ok.
I'm waiting for good ol' Canadian determination to push us through "00" and make me some pips
  • #2,099
  • May 23, 2010 9:20pm May 23, 2010 9:20pm
Quoting Saxon
I'm waiting for good ol' Canadian determination to push us through "00" and make me some pips
Had a family emergency had to leave the desk, took 4 pips and have to run, be back in a few hours hopefully.
  • #2,100
  • May 24, 2010 1:11am May 24, 2010 1:11am
A/U. Looking for a bounce northbound.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 144 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
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