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Nearly Naked (Simple Trades)

  • #3,061
  • Jun 9, 2010 12:36pm Jun 9, 2010 12:36pm
Quoting Saxon
I went short AU right below weekly piv with a 25 pip SL. Let's hope she heads south
If you watch PA, usually moves like this follow a step system. Watch the length ratio of up swings to down swings and you can see when PA is losing rocket fuel. Down PA has passed the length of the last down swing with a pin bar top (H1)

So far up 19 SL BE now
  • #3,062
  • Jun 9, 2010 12:37pm Jun 9, 2010 12:37pm
Quoting Saxon
If you watch PA, usually moves like this follow a step system. Watch the length ratio of up swings to down swings and you can see when PA is losing rocket fuel. Down PA has passed the length of the last down swing with a pin bar top (H1)

So far up 19 SL BE now
Coming up to "00" 83. Might see slight bounce
  • #3,063
  • Jun 9, 2010 12:41pm Jun 9, 2010 12:41pm
Might go down till 0.8260ish before bouncing again. there is a trendline there connecting lows.
  • #3,064
  • Jun 9, 2010 12:44pm Jun 9, 2010 12:44pm
Quoting Saxon
Coming up to "00" 83. Might see slight bounce
Very Large position so took half @ 25 pips. Th rest I will let ride or BE.
  • #3,065
  • Jun 9, 2010 12:45pm Jun 9, 2010 12:45pm
Quoting Saxon
If you watch PA, usually moves like this follow a step system. Watch the length ratio of up swings to down swings and you can see when PA is losing rocket fuel. Down PA has passed the length of the last down swing with a pin bar top (H1)

So far up 19 SL BE now
I always watch the exact same thing. DI- crossed DI+ and Stochs heading down. Look at my H1. I need to go get lunch. I'm two hrs past and starting to shake.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 162 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,066
  • Jun 9, 2010 12:46pm Jun 9, 2010 12:46pm
Quoting aragorn123
Might go down till 0.8260ish before bouncing again. there is a trendline there connecting lows.
Oh, I see what you are looking at. Ya depends when PA arrives, good eye
  • #3,067
  • Jun 9, 2010 12:47pm Jun 9, 2010 12:47pm
Quoting MarcVUM
I always watch the exact same thing. DI- crossed DI+ and Stochs heading down. Look at my H1. I need to go get lunch. I'm two hrs past and starting to shake.
Did you get in at the smaller Time Frame cross. Your second one is about to cross too it looks like
  • #3,068
  • Jun 9, 2010 12:54pm Jun 9, 2010 12:54pm
Quoting Saxon
Did you get in at the smaller Time Frame cross. Your second one is about to cross too it looks like
I got in earlier than lost my pants from my S/L. Then got back in and made the money back. Now I'm out. I need to mentally repair, eat lunch and reevaluate.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,069
  • Jun 9, 2010 1:08pm Jun 9, 2010 1:08pm
trendline and the all powerful 50

Quoting Saxon
If you watch PA, usually moves like this follow a step system. Watch the length ratio of up swings to down swings and you can see when PA is losing rocket fuel. Down PA has passed the length of the last down swing with a pin bar top (H1)

So far up 19 SL BE now
Attached Image (click to enlarge)
Click to Enlarge Name: pic31.gif Size: 20 KB
Annoying Precision
  • #3,070
  • Jun 9, 2010 1:15pm Jun 9, 2010 1:15pm
Quoting erikte279
trendline and the all powerful 50
Nice chart.
I think if we break current "00", we can get at least to your TL
  • #3,071
  • Jun 9, 2010 1:18pm Jun 9, 2010 1:18pm
Quoting Saxon
Nice chart.
I think if we break current "00", we can get at least to your TL
If we don't break it, we could see next "00"/SR. It's trying though. Keep and eye on correlatives too http://www.mataf.net/en/tools/01-01-correlation
  • #3,072
  • Jun 9, 2010 1:19pm Jun 9, 2010 1:19pm
RBNZ (Reserve Bank of New Zealand) will be releasing its interest
rate decision today and it is widely expected that Gov. Bollard will
hike rates today from the current level of 2.50% to 2.75%; here is
the forecast:
RBNZ Rate Decision Forecast 2.75% Previous 2.50%
ACTION: NZD/USD BUY 3.00% SELL 2.50%
According to analysts, RBNZ will be following RBA's (Reserve Bank of
Australia) and BOC's (Bank of Canada) examples and start its rate
tightening policy in today's meeting. Out of 15 analysts surveyed
by Bloomberg, 13 have forecasted a hike of 25 basis point and 2
remained at unchanged...
Let me remind everyone that during the last rate decision in April,
NZIER (New Zealand Institute Of Economic Research) stated that there
was no need for RBNZ to raise interest rates before September of
2010, and according to the same article, New Zealand's economy will
only grow a modest 3% this year, making a pre-emptive rate hike
completely unnecesary...
However, inflation is a very tricky thing, and central banks such as
RBNZ usually acts ahead of the curve because once the economy feels
the pinch of inflation, playing catch-ups with 50 basis points hikes
may send out the wrong message and hurt the competiveness of the
NZD.
With China starting to control its economic growth and the debt
crisis in Europe, RBNZ does have good reasons to take a wait-and-see
stance, but since this rate hike has been widely publicized by Gov.
Bollard himself months ago, the possibility of the rate hike
outweighs. The plan is to take a BUY trade if we get a 3.00% release, and to
SELL if we get an unchanged release (2.50%). If we get as expected
release at 2.75%, market could stall, or reverse on a buy on
rumor/sell on news sentiment, which depending on the price action
before this release, favors a reversal... Mostly likely the best
course of action is to stay out if the release is at 2.75%.
  • #3,073
  • Jun 9, 2010 1:22pm Jun 9, 2010 1:22pm
Quoting ingmarforex
RBNZ (Reserve Bank of New Zealand) will be releasing its interest
rate decision today and it is widely expected that Gov. Bollard will
hike rates today from the current level of 2.50% to 2.75%; here is
the forecast:
RBNZ Rate Decision Forecast 2.75% Previous 2.50%
ACTION: NZD/USD BUY 3.00% SELL 2.50%
According to analysts, RBNZ will be following RBA's (Reserve Bank of
Australia) and BOC's (Bank of Canada) examples and start its rate
tightening policy in today's meeting. Out of 15 analysts surveyed
by Bloomberg, 13 have...
Good stuff, watching NU PA right now to see how the market is pre-pricing
Check out NU go
  • #3,074
  • Jun 9, 2010 1:22pm Jun 9, 2010 1:22pm
http://www.federalreserve.gov/fomc/b...10/default.htm
  • #3,075
  • Jun 9, 2010 1:23pm Jun 9, 2010 1:23pm
Shahab just posted a similar trade
http://www.forexfactory.com/showpost...&postcount=320
  • #3,076
  • Jun 9, 2010 1:30pm Jun 9, 2010 1:30pm
An almost perfect trade that I missed.
Attached Image (click to enlarge)
Click to Enlarge Name: pic34.gif Size: 13 KB
Annoying Precision
  • #3,077
  • Jun 9, 2010 1:31pm Jun 9, 2010 1:31pm
Quoting Saxon
I know, UCHF has been in a nasty range for a bit. I had to wait days and days for my UCHF trades. +26 SL BE so we'll see where she goes
43+ now. That is what I get for waiting. Missed my target trade last week, but got this one. About time UCHF (Love/Hate Relationship)
  • #3,078
  • Jun 9, 2010 1:33pm Jun 9, 2010 1:33pm
Quoting erikte279
An almost perfect trade that I missed.
I didn't get any UCAD either. Here is my chart, watching UTL. If it gets to UTL at the same time as Monthly Piv $$$
Attached Image (click to enlarge)
Click to Enlarge Name: cdd.jpg Size: 147 KB
  • #3,079
  • Jun 9, 2010 1:39pm Jun 9, 2010 1:39pm
Saxon,

What is liquidity like on average at 25-75 lots?
Annoying Precision
  • #3,080
  • Jun 9, 2010 1:42pm Jun 9, 2010 1:42pm
Saxon what you think would nzd/usd be good carry trade?



I think the smart money is already in i found it out to late lets see if i can get in for discount
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