Nearly Naked (Simple Trades) | Page 125 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Trade Naked Candlesticks strategy 15 replies

Naked price trades 11 replies

Trading naked or keep it simple stuff.... 20 replies

Attachments: Nearly Naked (Simple Trades)
Exit Attachments

Nearly Naked (Simple Trades)

  • #2,481
  • May 28, 2010 8:59am May 28, 2010 8:59am
Good Morning Saxon. How many times did I say 8550 on A/U? and I was asleep for it! darn it.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,482
  • May 28, 2010 9:23am May 28, 2010 9:23am
I keep hearing all of this chatter about how the recent decline in equities is just a correction and we are now heading back up... sounds like rubbish to me. Look at this 10yr chart of A/U. How many times does the 150ema cross the 200sma and what are the outcomes. How can this be any different?
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 106 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,483
  • May 28, 2010 11:14am May 28, 2010 11:14am
Quoting Saxon
Sorry, I went on a date with the wife and just got back. Here is how I drew my fibs. It is from gap to low. Retracing the drop. Here are my current trades too.
Thats good to know...so we drew fibs in two different ways and they still had a confluence. Gives me more confidence.

I like drawing fibs on the overall swing lows and highs rather than each swing move. Looking at the forest rather than individual trees kind of thing..

Have a great Memorial Day weekend everyone..I have one long term Aussie short running... I will add to it if we test 0.8577 again.
  • #2,484
  • May 28, 2010 12:45pm May 28, 2010 12:45pm
From OptionMonster.com

ETF trade looks for yen to rally
May 28, 2010 Fri 10:54 AM CT

The currency markets have been at the forefront of the recent volatility, and today's unusual option volume in one currency fund is looking for new highs in the yen.

http://www.optionmonster.com/cms/com...ges/fxy528.pngThe Rydex CurrencyShares Japanese Yen (FXY) exchange-traded fund is up fractionally today at $109.004 after climbing off the lows of the day. The inverse correlation between this fund and the S&P 500 has been very high over the last six months (see SPX as purple line on chart). The FXY is up from below $105 at the beginning of the month, including a spike up above $112.

The average options volume in the FXY is 2000 contracts, but almost 18,000 trade already today, almost all of them calls involved in one strategy. A trader bought 8,709 of the January 110 calls for $4.40. At the same time, they sold 8,709 of the January 125 calls for $1. The previous open interest at both strikes was less than 300.

This call spread is looking for the FXY to be at significant new highs. The trader has spent $3.40, which means that the break-even point on the trade is $113.4. If the FXY is above that at expiration, the trade will have a profit. But the maximum profit would come with the FXY above $125. That would make the trade worth $11.6.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,485
  • May 28, 2010 12:50pm May 28, 2010 12:50pm
Quoting MarcVUM
Good Morning Saxon. How many times did I say 8550 on A/U? and I was asleep for it! darn it.
I know man, we need to find a way to overcome this sleep thing
  • #2,486
  • May 28, 2010 12:52pm May 28, 2010 12:52pm
Quoting aragorn123
Thats good to know...so we drew fibs in two different ways and they still had a confluence. Gives me more confidence.

I like drawing fibs on the overall swing lows and highs rather than each swing move. Looking at the forest rather than individual trees kind of thing..

Have a great Memorial Day weekend everyone..I have one long term Aussie short running... I will add to it if we test 0.8577 again.
Totally understand, each person has their own style

AU is running to Weekly Piv, will get there soon
  • #2,487
  • May 28, 2010 12:53pm May 28, 2010 12:53pm
UJ weekly piv worked out nice
Attached Image (click to enlarge)
Click to Enlarge Name: dds.gif Size: 35 KB
  • #2,488
  • May 28, 2010 1:00pm May 28, 2010 1:00pm
Quoting Saxon
Totally understand, each person has their own style
AU is running to Weekly Piv, will get there soon
I've been short trying to reach weekly PP / daily PP. I'll reverse the trade when and if we get there.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,489
  • May 28, 2010 1:01pm May 28, 2010 1:01pm
AU is almost there, let's see what she does
Attached Image (click to enlarge)
Click to Enlarge Name: fd.gif Size: 37 KB
  • #2,490
  • May 28, 2010 1:04pm May 28, 2010 1:04pm
Hey Marc,
You leaving any trades open over the weekend?
  • #2,491
  • May 28, 2010 1:08pm May 28, 2010 1:08pm
Quoting Saxon
Hey Marc,
You leaving any trades open over the weekend?
No way! I never leave anything open when I'm asleep unless a S/L is in place with profit already in the trade!

Just had lunch with my 90yr Grandmother! Her father bought GPC during the depression and left her and her two siblings the stock. Her share alone is now worth over 1.5 million USD! What a smart man.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,492
  • May 28, 2010 1:11pm May 28, 2010 1:11pm
Quoting MarcVUM
No way! I never leave anything open when I'm asleep unless a S/L is in place with profit already in the trade!

Just had lunch with my 90yr Grandmother! Her father bought GPC during the depression and left her and her two siblings the stock. Her share alone is now worth over 1.5 million USD! What a smart man.
Geeze, I wish she was my grandma, probably look forward to birthday cards from grandma

I just didn't know how our holiday was going to affect PA next week, so I am trying to decided on open positions
  • #2,493
  • May 28, 2010 1:33pm May 28, 2010 1:33pm
Uggg, looks like PA, if it does get to DP/WP it might just stop there. I'm signing off till next session. Have a good weekend everyone!
  • #2,494
  • May 28, 2010 1:34pm May 28, 2010 1:34pm
Quoting Saxon
Uggg, looks like PA, if it does get to DP/WP it might just stop there. I'm signing off till next session. Have a good weekend everyone!
I closed my trade. Have a great Memorial Day weekend!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,495
  • May 28, 2010 6:29pm May 28, 2010 6:29pm
A/U H4 Two past situations and the current situation. The second white oval in each picture is of the yellow (21ema) crossing the black (35sma). I can also show this same type of thing on the Daily chart but the fact of the matter is that we are heading higher IMO.

History repeating itself... you can draw your own conclusions. Let me know if you have any questions.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: H4 sample 1.jpg Size: 133 KB
Click to Enlarge Name: H4 sample 2.jpg Size: 130 KB
Click to Enlarge Name: au.jpg Size: 124 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,496
  • May 29, 2010 2:13pm May 29, 2010 2:13pm
UJ confluence (weekly/daily pivs, fib 38 and S/R) reacted well.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 38 KB
  • #2,497
  • May 29, 2010 6:21pm May 29, 2010 6:21pm
Hi Guys,
Just a nagging question: Can brokers send out different spreads for different traders?
Friday I decided to use the Trailing Stop in MT4 and scalp on the M15 chart, I would put on a trade and wait until I was in profit a few pips and click Trailing Stop. Sometimes the PA kept moving in my direction and I made good profit, sometimes it would come straight back and take me out for a small profit.
The spread was 1.1 to 1.8 and occasionally 2. After about 20 trades I noticed the spread was 2.5 to 2.8 and never came below that, even though the Volume was still good, thus halving my profit. I don’t remember this ever happening before; the spread is always in the 1 point something range and at times up to 2.2.
So my question again: Can brokers send out different spreads for different traders?
Thanks in advance for your thoughts.
  • #2,498
  • May 29, 2010 6:25pm May 29, 2010 6:25pm
Quoting Peter-FX
Hi Guys,
Just a nagging question: Can brokers send out different spreads for different traders?
Friday I decided to use the Trailing Stop in MT4 and scalp on the M15 chart, I would put on a trade and wait until I was in profit a few pips and click Trailing Stop. Sometimes the PA kept moving in my direction and I made good profit, sometimes it would come straight back and take me out for a small profit.
[size=3][FONT=Comic...
Consider this suggestion ..

http://www.forexfactory.com/showpost...&postcount=410

Cheers
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #2,499
  • May 29, 2010 7:12pm May 29, 2010 7:12pm
Quoting Peter-FX
Hi Guys,
Just a nagging question: Can brokers send out different spreads for different traders?
Friday I decided to use the Trailing Stop in MT4 and scalp on the M15 chart, I would put on a trade and wait until I was in profit a few pips and click Trailing Stop. Sometimes the PA kept moving in my direction and I made good profit, sometimes it would come straight back and take me out for a small profit.
[size=3][FONT=Comic...
The answer is YES. It is in their best interest to do so. There are many factors that decide the spread you are offered. If you only have a few K in your account and trade micro, you will probably receive larger spreads. If you have let's say 25-100K you will get smaller spreads, if you have 100K-10M you will get great spreads. If you have that much money, chances are you wont be using small brokers and will have a bank relationship anyway. Also, another factor is if you are a IB (Introducing Broker) or a MM (Money Manager) with the FCM (Futures Commission Merchant, ie: IBFX, FXCM, ALPARI, IKON ROYAL, etc...). It can all be traced back to accounting ratios from you accounting classes, because after all, your broker (FCM) is a profit seeking company. It's about Margins and Turnover. If you are a small trader and only trade small lots (micro) they make up some difference by charging you more. If you are a MM you trade less frequently but trade 10-100 standard sizes per trade. They lower the spread, but the position size more than makes up for it. Also, as an MM, you have some bargaining chips and cards to play with the FCM. All FCMs spreads fluctuate from time to time and can be somewhat predictable, but the average spread is usually set in a range per the amount invested or your standing/relationship with the FCM.
  • #2,500
  • May 29, 2010 7:16pm May 29, 2010 7:16pm
Quoting Popee83
Consider this suggestion ..

http://www.forexfactory.com/showpost...&postcount=410

Cheers
I have 4 FCMs (Futures Commission Merchants) feeds/terminals up at all times and monitor this closely. It does exist, but you also need to realized that not all brokers get the same quotes. However, I do agree that there is a little () manipulation going on. If you have a concern about it, you can look up your dealer's NFA data/cases here http://www.nfa.futures.org/basicnet/ . You'd be suprised at how unethical FCMs can be. If they are not listed here, you might need to be concerned
1 trader viewing now