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Nearly Naked (Simple Trades)

  • #2,741
  • Jun 4, 2010 3:14pm Jun 4, 2010 3:14pm
Quoting MarcVUM
Saxon, are you holding onto any positions over the weekend? Thinking of holding an A/U short.
No positions open right now.
  • #2,742
  • Jun 4, 2010 3:16pm Jun 4, 2010 3:16pm
Quoting MarcVUM
It's going to 1
The EU and Euro are a joke. They should just go back to the way things were and break up the EU. Does anyone have any pro-EU arguments? I have a few arguments against it, and I'm sure a lot of Germans do too.
  • #2,743
  • Jun 4, 2010 3:22pm Jun 4, 2010 3:22pm
Have a FUN FILLED SUMMER WEEKEND everyone!!
LOLLLLLLLLLLLL
Annoying Precision
  • #2,744
  • Jun 4, 2010 5:22pm Jun 4, 2010 5:22pm
Quoting erikte279
Have a FUN FILLED SUMMER WEEKEND everyone!!
LOLLLLLLLLLLLL
You too, I'm off to have some quality time with the in-laws
  • #2,745
  • Jun 5, 2010 11:08am Jun 5, 2010 11:08am
Does anyone think that the Yellow TL's shown in my graph will have any impact going forward? I kind of want to clean my chart up a bit.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 132 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,746
  • Jun 5, 2010 1:17pm Jun 5, 2010 1:17pm
Quoting MarcVUM
Does anyone think that the Yellow TL's shown in my graph will have any impact going forward? I kind of want to clean my chart up a bit.
Not if they have been sloshed around too much. I have a few similar ones but I removed a few of them.
  • #2,747
  • Jun 5, 2010 1:20pm Jun 5, 2010 1:20pm
Quoting Saxon
Not if they have been sloshed around too much. I have a few similar ones but I removed a few of them.
Here is the only one I kept, PA did bounce off of it, but it was also a confluence of TL and S3. Here are 2 views so you can see where it was drawn
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: fdd.jpg Size: 108 KB
  • #2,748
  • Jun 5, 2010 2:44pm Jun 5, 2010 2:44pm
I want to keep this TL because I can see PA moving back up to the Fib level that meets it.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 145 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,749
  • Jun 5, 2010 2:50pm Jun 5, 2010 2:50pm
Saxon, this chart I've put the Fibs from the last move up on it. I'm not the best with Fibs... are they right in your opinion? If so, there really is confluence at the new 61.8 level now.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 150 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,750
  • Jun 5, 2010 2:51pm Jun 5, 2010 2:51pm
Quoting MarcVUM
I want to keep this TL because I can see PA moving back up to the Fib level that meets it.
How can you see anything with all that spaghetti cluttering up your chart? I thought this thread was about naked trading? Nothing naked about your charts.
  • #2,751
  • Jun 5, 2010 2:57pm Jun 5, 2010 2:57pm
Quoting EasySt
How can you see anything with all that spaghetti cluttering up your chart? I thought this thread was about naked trading? Nothing naked about your charts.
I'm getting tired of this guy complaining. Find another thread to post your ridiculous comments on.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,752
  • Jun 5, 2010 3:10pm Jun 5, 2010 3:10pm
Quoting MarcVUM
I'm getting tired of this guy complaining. Find another thread to post your ridiculous comments on.
I just made it so he cant post anymore
  • #2,753
  • Jun 5, 2010 3:16pm Jun 5, 2010 3:16pm
Quoting MarcVUM
Saxon, this chart I've put the Fibs from the last move up on it. I'm not the best with Fibs... are they right in your opinion? If so, there really is confluence at the new 61.8 level now.
For me, I would start from the beginning of the move, to the end. So If there is an obvious move in lets say a M15 frame and another larger move in the H1, I would have two fibs and look for confluence in the same direction. I'm looking for a chart to show you, maybe I can get one on AU....just a sec
  • #2,754
  • Jun 5, 2010 3:24pm Jun 5, 2010 3:24pm
Quoting Saxon
For me, I would start from the beginning of the move, to the end. So If there is an obvious move in lets say a M15 frame and another larger move in the H1, I would have two fibs and look for confluence in the same direction. I'm looking for a chart to show you, maybe I can get one on AU....just a sec
Here we go, I found a one on AU

On the smaller time frame M15 chart, you can see I drew my fib from the beginning to end of this recent drop.

On the larger time frame H1, I drew one from the larger drop.

Now looking at the H1 chart, you can see the H1 fibs in green, and the M15 in orange.

So look for the first Fib we come to on the green fibs, which is 23 fib. Then see if any of the smaller M15 orange fibs line up with it. Looks like we have a significant 50 fib in the orange that almost lines up. That is where I would be looking for confluence, and it is a significant old S/R
Attached Image(s) (click to enlarge)
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  • #2,755
  • Jun 5, 2010 3:26pm Jun 5, 2010 3:26pm
Quoting Saxon
So look for the first Fib we come to on the green fibs, which is 23 fib. Then see if any of the smaller M15 orange fibs line up with it. Looks like we have a significant 50 fib in the orange that almost lines up. That is where I would be looking for confluence, and it is a significant old S/R
Ah ha, now I understand. Thanks.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,756
  • Jun 5, 2010 3:28pm Jun 5, 2010 3:28pm
Quoting MarcVUM
Ah ha, now I understand. Thanks.
No problema. Isn't it Saturday, shouldn't you be out having fun?
  • #2,757
  • Jun 5, 2010 3:38pm Jun 5, 2010 3:38pm
Quoting Saxon
No problema. Isn't it Saturday, shouldn't you be out having fun?
And you? My wife is napping. It's 97 degrees outside so I'm not going outdoors and I don't like reading fiction books and there isn't anything of interest on T.V. (no Duggars!) so I am preparing for the open tomorrow.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,758
  • Jun 5, 2010 3:48pm Jun 5, 2010 3:48pm
Quoting MarcVUM
And you? My wife is napping. It's 97 degrees outside so I'm not going outdoors and I don't like reading fiction books and there isn't anything of interest on T.V. (no Duggars!) so I am preparing for the open tomorrow.
No Duggars! That's a shame
My wife is working today and I am getting some stuff done around the house and watching the History Channel, Food Network and Fox Soccer on the World Cup. Sucks because all I have to eat around here is frozen burritos and wine; not a good combo.
  • #2,759
  • Jun 5, 2010 3:59pm Jun 5, 2010 3:59pm
Quoting Saxon
No Duggars! That's a shame
My wife is working today and I am getting some stuff done around the house and watching the History Channel, Food Network and Fox Soccer on the World Cup. Sucks because all I have to eat around here is frozen burritos and wine; not a good combo.
Frozen burritos?? Isn't that college food? I used to buy those suckers for $1 a piece and stack the freezer along with Totino's pizza! Ya, that's not a good combo with wine. Keep watching the Food Network and cook your wife some great food tonight when she comes home from work. It's worth a thousand brownie points to her I bet. I have to admit I only watch it when Giada De Laurentiis is on!

Alright, I'll see you tomorrow.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,760
  • Jun 6, 2010 2:42pm Jun 6, 2010 2:42pm
Quoting MarcVUM
Frozen burritos?? Isn't that college food? I used to buy those suckers for $1 a piece and stack the freezer along with Totino's pizza! Ya, that's not a good combo with wine. Keep watching the Food Network and cook your wife some great food tonight when she comes home from work. It's worth a thousand brownie points to her I bet. I have to admit I only watch it when Giada De Laurentiis is on!

Alright, I'll see you tomorrow.
Ya man, College food:
Red Barron/Totino's Pizza
Top Ramen
Mac and Cheese
Back in college my diet consisted of Nitrates and Preservatives

I would cook for my wife but she only likes peanut butter and jelly sandwiches and diet coke I usually cook awesome meals and what not, but she ends up raiding the fridge when I'm not looking. Best food network cook was jaime oliver but they canceled him, too bad.

It will be interesting to see what kind/if gaps we have today. FX Street can usually give a good indication of that. Everything ended in the extremes last week.
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