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Nearly Naked (Simple Trades)

  • #2,141
  • May 24, 2010 4:07pm May 24, 2010 4:07pm
Quoting MarcVUM
My wife was already wondering who Amy is!! I had to show her the thread so I didn't get in trouble!
That is funny
  • #2,142
  • May 24, 2010 4:18pm May 24, 2010 4:18pm
Quoting MarcVUM
We are in at the same exact price. Amy's 1st TP is around 8017 I think. but this pattern should bring us to 7982 I believe.
Ah..I am about two pips lower

Btw, I have a short on AJ running too from the fib confluence around 75.21-75.42
  • #2,143
  • May 24, 2010 4:39pm May 24, 2010 4:39pm
Morning guys,
Just trying to work out what will happen today.
I think the MAs need to widen out still more, which means downhill.
Also as Saxon and MarcVum say, there’s an ascending triangle, which means downhill.
As you can see the lower fork trend line is still 53 pips away at 8192, which is also downhill.
Final yet important…the market makers are watching this thread, so they could take it the other way, just for fun.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 25-5-10.gif Size: 14 KB
  • #2,144
  • May 24, 2010 7:30pm May 24, 2010 7:30pm
Sorry, was out on a date with the wife, but I'm back now. I will be on for all of London I think so it should be fun.

Here are some of my charts, nothing spectacular or confusing, just trading off TLs, S/R, "00", Fibs, Pivs and confluences of the combined. Our AU triangle worked out pretty well so far
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ucaddddddd.gif Size: 36 KB
Click to Enlarge Name: guuuuuuuu.gif Size: 39 KB
Click to Enlarge Name: auuuu.gif Size: 39 KB
Click to Enlarge Name: euuuuuuu.gif Size: 40 KB
  • #2,145
  • May 24, 2010 7:32pm May 24, 2010 7:32pm
Welcome Back! I see that you changed the look and feel of your charts. They have an island/Key West feel to them!

Are you still in A/U to 8100 area?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,146
  • May 24, 2010 7:42pm May 24, 2010 7:42pm
Quoting shahab8b
I went short at .8286 SL=.8320

Closed half A/U short at .82 (+86 pips) , the rest SL>B/E
  • #2,147
  • May 24, 2010 8:00pm May 24, 2010 8:00pm
Quoting MarcVUM
Welcome Back! I see that you changed the look and feel of your charts. They have an island/Key West feel to them!

Are you still in A/U to 8100 area?
I know huh, key lime pie
I had a tight T-Stop and was taken out a while ago, but still did well. I am just scanning the charts now and waiting for the next potential setup
  • #2,148
  • May 24, 2010 8:14pm May 24, 2010 8:14pm
Quoting Saxon
I know huh, key lime pie
I had a tight T-Stop and was taken out a while ago, but still did well. I am just scanning the charts now and waiting for the next potential setup
hmm. I never really got the hang of T-stops. Oh well, at least you made some pips.

This is the first time I've been in a trade for so long in profit. There has been a couple of times that I've wanted to take profit but I'm convinced that the PA will move lower. It is actually quite difficult for me!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,149
  • May 24, 2010 8:23pm May 24, 2010 8:23pm
Quoting MarcVUM
hmm. I never really got the hang of T-stops. Oh well, at least you made some pips.

This is the first time I've been in a trade for so long in profit. There has been a couple of times that I've wanted to take profit but I'm convinced that the PA will move lower. It is actually quite difficult for me!
Did you at least move your stop to BE? You can take partial profit too. There are tons of alternatives to just exiting a position
  • #2,150
  • May 24, 2010 8:33pm May 24, 2010 8:33pm
Quoting Saxon
Did you at least move your stop to BE? You can take partial profit too. There are tons of alternatives to just exiting a position
Of course I'm at B/E. I've got my left eye on the Dow and S&P futures that are falling falling falling. A/U is lagging.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,151
  • May 24, 2010 8:57pm May 24, 2010 8:57pm
Quoting MarcVUM
Of course I'm at B/E. I've got my left eye on the Dow and S&P futures that are falling falling falling. A/U is lagging.
Don't watch, thats the beauty of swing trading, once you are in the trade just set your tp and sl and let the market do its thing.
  • #2,152
  • May 24, 2010 9:32pm May 24, 2010 9:32pm
I'm getting PA bored. I don't have any targets for a while. EU is on a target and I am just looking for the break, but I still probably wont trade that, maybe a re-test. UCAD is getting near high target, but will probably take its time due to "00" friction it is currently flirting with. I'm about to open up a book and start reading, oh so bored
  • #2,153
  • May 24, 2010 9:39pm May 24, 2010 9:39pm
Quoting Saxon
I'm getting PA bored. I don't have any targets for a while. EU is on a target and I am just looking for the break, but I still probably wont trade that, maybe a re-test. UCAD is getting near high target, but will probably take its time due to "00" friction it is currently flirting with. I'm about to open up a book and start reading, oh so bored
Here you go. If you want to re-enter A/U pick one of the white ovals on my chart. It will either hit the 50ma or the 150ma before continuing down. Why? Because of the 150/200 crossover. It typically retouches the 150 before falling or rising which ever direction the trend is.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 133 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,154
  • May 24, 2010 10:54pm May 24, 2010 10:54pm
Lost connection to one of my trading terminals and I have an open EU trade on it Luckly I set a SL
  • #2,155
  • May 24, 2010 10:54pm May 24, 2010 10:54pm
Saxon, what do you think of this D S1 break on A/U?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,156
  • May 24, 2010 10:55pm May 24, 2010 10:55pm
Quoting Saxon
Lost connection to one of my trading terminals and I have an open EU trade on it Luckly I set a SL
My broker does server maintenance around this time of night. I always lose connection for about 5 minutes... sometimes I forget to put my S/L in place before 2am ... not tonight!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,157
  • May 24, 2010 11:18pm May 24, 2010 11:18pm
Quoting MarcVUM
Saxon, what do you think of this D S1 break on A/U?
Keep an eye on your europe pairs to give you an idea of AU. I am about 16 pips up on AU short, but have my finger on the trigger to get out since London is getting on soon. I don't like to have new trades right around London open +/-30 min to an hour
  • #2,158
  • May 24, 2010 11:18pm May 24, 2010 11:18pm
Quoting MarcVUM
Saxon, what do you think of this D S1 break on A/U?
I traded off a LTL break
  • #2,159
  • May 24, 2010 11:19pm May 24, 2010 11:19pm
Quoting Saxon
Keep an eye on your europe pairs to give you an idea of AU. I am about 16 pips up on AU short, but have my finger on the trigger to get out since London is getting on soon. I don't like to have new trades right around London open +/-30 min to an hour
What the heck was that spike on the last M15 candle? Did other pairs you are monitoring experience it?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,160
  • May 24, 2010 11:24pm May 24, 2010 11:24pm
Quoting MarcVUM
What the heck was that spike on the last M15 candle? Did other pairs you are monitoring experience it?
Oh, back up to "00", probably market trying to get some players around "00", it happs a lot, I got a small one on my EU trade M15 almost hit my SL. Now I set my SL to BE on AU so I will let the market take it. I set EU SL to BE too now. I don't think I will be trading EU for a while. I am having some problems reading it and GU seems to be more rational this week and last.

In about 15 min I will probably liquidate my short-term positions on AU and EU and let London volatility pass before getting back in.

It sucks that UCAD adn UCHF targets had to get hit right now, London So I don't think I will be taking them
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