Nearly Naked (Simple Trades)

Thanks Popee83,
My broker has ECN and a hedging partner which feeds to Currenex into the interbank market. So it would be “pass the parcel” (blame). However, I will be watching and adjusting my trading accordingly.

Thanks Saxon, for your informative reply.
As I said to my broker one day, “Just keeping my eye on you, and keeping you honest.
I will watch and adjust my trading.

Only trade I am in, plus, UJ is at 50 fib

Out of UCHF with 10. Going to wati for things to pick up

I hate it when politics plays havoc with valid setups. My EJ short ran into trouble with the political events in Japan.

Hasnt hit stop yet ...but just wanted to rant.

I feel your pain. Sorry to hear that though.
US holiday in 1 hour, so I don't know if I will be trading for 18 more hours.....

it missed by one pip..lets see where it goes.

Booked this one a long time ago, should have gotten out of it at the drop. Setting SL to BE and leaving it. It is a holiday and I'm not at the desk so I didn't see my trade finally went ITM

I'll keep checking the desk from time to time tonight, but since there is a bank holiday, I probably wont get on until London or NY

Mr. Saxon, how are you today? Looking at A/U and may take a short soon. Looking for a H1 candle close outside of the white rectangles.

Here is what I got, we also have some data soon. I am watching Weekly Piv and S/R confluence for some friction. Data might start pricing in ahead of release soon.

Cool DFX article:

"

The Australian dollar rallied to a high of 0.8548 during the final full week of May following a rebound in risk sentiment however, the market moving event risks scheduled for the first week of June is likely to stoke increased volatility in the exchange rate as investors weigh the outlook for the $1T economy. The Reserve Bank of Australia is widely expected to maintain a neutral policy stance next month as the interest rate returns to “average” levels, and the central bank may adopt a wait-and-see approach going forward as policy makers assess the impact of its recent rate hikes.

A Bloomberg News survey shows all of the 22 economists polled forecast the RBA to hold the cash rate steady at 4.50% in June after rising borrowing costs six times during the last seven meeting, while investors are pricing a zero percent change to a rate hike according to Credit Suisse overnight index swaps as the board sees “monetary policy well placed for the present. Moreover, the central bank said that the board “spent considerable time discussing the disturbances in financial markets” sparked by the European debt crisis, and argued that a case “could be made for a pause in the process of normalizing interest rates owing to the uncertainties in the euro-area.” However, Governor Glenn Stevens maintained an improved outlook for growth and inflation and expects economic activity to “strengthen further over the next couple of years,” and the central bank may look to raise the cash rate further in the second-half of the year as the isle-nation continues to benefit from the expansion in China, Australia’s biggest trading partner.

Nevertheless, economic activity is forecasted to increase 0.6% in the first quarter following the 0.9% expansion during the last three-months of 2009, while company operating profits are projected to increase 3.0% during the same period, which would be the fastest pace of growth since the third-quarter of 2008. At the same time, business inventories are anticipated to rise for the third consecutive quarter, with market participants forecasting a 0.5% advance in stockpiles on unsold goods, and the rise in economic activity could benefit the Australian dollar as the outlook for future growth improves."

Check out UCAD following UTL quite nicely, hugging it, will it move to Weekly Piv anytime soon ?

Eh?

Short-Term Long AU, SL BE soon

Really watching UCAD to see if it can get wedged through PIVS

UCAD will have to wait, up 36 on AU

BTW everyone, Shahab's new thread is up. I highly recommend it
http://www.forexfactory.com/showthre...97#post3766797

These are very 'busy' charts - so many bells and whistles! What happened to nearly naked?

Kind regards,

O N D

No Worries. The stuff at the bottom of my charts is just to confirm a trade that I am already set on. No trades are based on any "indicators." I use Support and Resistance, Trend Lines, "00"s, Fibs and Pivots and that is really about it. I base 100% of my trades using just the basics.

UCHF seems to finally be on the move