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Nearly Naked (Simple Trades)

  • #2,361
  • May 26, 2010 11:12pm May 26, 2010 11:12pm
Quoting amyc
Marc, did you do anything on eu? I am going to change my numbers from before, 1.2259 is my line in the sand, if it gets there i'll sell it but if it goes past then it looks like 1.25-26 will be back in play. stop will be 10 pips.
Ya, I went long. See the chart below and the similar setups that occurred with crossing MA's and Bollinger Bands.
Attached Image (click to enlarge)
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,362
  • May 26, 2010 11:21pm May 26, 2010 11:21pm
E/U, A/U, G/U are all gaining right now due to a retrace in the DXY which saw a double top on Daily chart. However, this won't last long IMO due to the Monthly chart of the DXY which shows that the Bollinger bands are opening up at the top and ready for a burst upwards which would in turn bring the G/U, A/U, and E/U back down.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 115 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,363
  • May 26, 2010 11:23pm May 26, 2010 11:23pm
I posted this earlier. The next bar after the three red ones was a hammer. Not a perfect hammer but hammer nevertheless.

I think EU has embarked on a big bullish run. I am long as I remarked earlier.

Quoting aragorn123
I am not in EU right now .. I do have buy stops set up above 1.225.

I am watching action on 4Hr at 1.2177. I want to see if it holds and if then we get a bullish candle. If you look at my 4H, there are three red candles in a row.
So a bullish bar on the next 4H will be really strong.

I still think 1.2142 is realistic. Hence the conflict, that is why on the sidelines.

Attachment
  • #2,364
  • May 26, 2010 11:26pm May 26, 2010 11:26pm
Quoting MarcVUM
E/U, A/U, G/U are all gaining right now due to a retrace in the DXY which saw a double top on Daily chart. However, this won't last long IMO due to the Monthly chart of the DXY which shows that the Bollinger bands are opening up at the top and ready for a burst upwards which would in turn bring the G/U, A/U, and E/U back down.
I agree with that about dx. I can't short eu until the close of the next hourly bar though so will see where things are by then.
  • #2,365
  • May 26, 2010 11:43pm May 26, 2010 11:43pm
Quoting amyc
I agree with that about dx. I can't short eu until the close of the next hourly bar though so will see where things are by then.
I am by no means suggesting the end of the DXY retrace in 1 hour. It would be best to run a Fib retracement to see what numbers you come up with.

With this in mind I am still not ruling out a retrace of A/U back to 8550.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,366
  • May 26, 2010 11:50pm May 26, 2010 11:50pm
This is why I'm not ruling it out.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 120 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,367
  • May 26, 2010 11:51pm May 26, 2010 11:51pm
Quoting MarcVUM
I am by no means suggesting the end of the DXY retrace in 1 hour. It would be best to run a Fib retracement to see what numbers you come up with.

With this in mind I am still not ruling out a retrace of A/U back to 8550.
neither just saying i can't short eu until the next hour is closed bc of a breakout. Looking more likely now though that its going back to 1.25-26 area which is what i have been waiting for for a week and why no trades for a week.
  • #2,368
  • May 26, 2010 11:53pm May 26, 2010 11:53pm
Quoting amyc
neither just saying i can't short eu until the next hour is closed bc of a breakout. Looking more likely now though that its going back to 1.25-26 area which is what i have been waiting for for a week and why no trades for a week.
Ah, I got you. Off to bed I go. Can't keep my eyes open anymore. Maybe when I wake up there will be some really good shorting opportunities.

Good Luck on your Trades!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,369
  • May 26, 2010 11:54pm May 26, 2010 11:54pm
Quoting MarcVUM
Ah, I got you. Off to bed I go. Can't keep my eyes open anymore. Maybe when I wake up there will be some really good shorting opportunities.

Good Luck on your Trades!
Thanks, but I think I am going to wait till Tuesday and see where everything is then.
  • #2,370
  • May 27, 2010 7:41am May 27, 2010 7:41am
Quoting calderone
No doubt!!!

A/U showing a hikkake on the daily. Good sign for longs.

May set a limit order on chf daily. sell limit 1.1605 sl 1.1713 tp- open

Closed at 1.1540 earlier. Yuck!
  • #2,371
  • May 27, 2010 8:17am May 27, 2010 8:17am
Quoting calderone
Closed at 1.1540 earlier. Yuck!
Wait, that was a profitable trade right, why yuck?
  • #2,372
  • May 27, 2010 8:18am May 27, 2010 8:18am
Scubbing charts and looking for setups, will post them soon. Coffee first
  • #2,373
  • May 27, 2010 8:22am May 27, 2010 8:22am
Missed my UCAD target because I was sleeping
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  • #2,374
  • May 27, 2010 8:26am May 27, 2010 8:26am
Quoting Saxon
Wait, that was a profitable trade right, why yuck?
It didn't break the way I hoped it would. If I hold something that long, I can generally expect to see at least 100 pips.

I thought that might be my last trade this week. Oh well.
  • #2,375
  • May 27, 2010 8:29am May 27, 2010 8:29am
Quoting calderone
It didn't break the way I hoped it would. If I hold something that long, I can generally expect to see at least 100 pips.

I thought that might be my last trade this week. Oh well.
No worries, still a few more days. PA is moving well right now, so maybe today will be your day I just found out there is no coffee here!!!!!!!That is a tragedy. I must find some
  • #2,376
  • May 27, 2010 8:33am May 27, 2010 8:33am
Quoting Saxon
No worries, still a few more days. PA is moving well right now, so maybe today will be your day I just found out there is no coffee here!!!!!!!That is a tragedy. I must find some
Try the neighbors house! lol
  • #2,377
  • May 27, 2010 8:36am May 27, 2010 8:36am
Quoting calderone
Try the neighbors house! lol
Off to get some, be back in 10 or so min
  • #2,378
  • May 27, 2010 8:36am May 27, 2010 8:36am
Quoting Saxon
Off to get some, be back in 10 or so min

  • #2,379
  • May 27, 2010 9:01am May 27, 2010 9:01am
PA looks so much better today.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,380
  • May 27, 2010 9:17am May 27, 2010 9:17am
Check out CHF go. Some of my old targets still remain
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