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Nearly Naked (Simple Trades)

  • #3,201
  • Jun 10, 2010 9:04am Jun 10, 2010 9:04am
A/U, H4 chart. Like I said, hold the long to the pink MA. Once we hit it we will see some retrace.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,202
  • Jun 10, 2010 9:10am Jun 10, 2010 9:10am
Quoting MarcVUM
A/U, H4 chart. Like I said, hold the long to the pink MA. Once we hit it we will see some retrace.
hmm will we reach there?
  • #3,203
  • Jun 10, 2010 9:12am Jun 10, 2010 9:12am
Quoting OvT
hmm will we reach there?
I said the same thing when we were at 9400 and everyone was calling for 8000! If there is a will there is a way!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,204
  • Jun 10, 2010 9:12am Jun 10, 2010 9:12am
Quoting MarcVUM
A/U, H4 chart. Like I said, hold the long to the pink MA. Once we hit it we will see some retrace.
i just realised a/u had hit the TL drawn from the previous two highs .8550 .8523

my chart is too messy for me to post
  • #3,205
  • Jun 10, 2010 9:15am Jun 10, 2010 9:15am
Quoting OvT
i just realised a/u had hit the TL drawn from the previous two highs .8550 .8523

my chart is too messy for me to post
You are absolutely right! I didn't see that previously. Thanks for pointing it out. See, everyone sees something a little differently. That's why FF is here!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,206
  • Jun 10, 2010 9:15am Jun 10, 2010 9:15am
Quoting OvT
i just realised a/u had hit the TL drawn from the previous two highs .8550 .8523

my chart is too messy for me to post
there, cleaned up
Attached Image (click to enlarge)
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  • #3,207
  • Jun 10, 2010 9:34am Jun 10, 2010 9:34am
OvT, when I was suggesting that PA was going to bounce off R1 (turned support) this is what I was looking at. Tops don't look like that! It had to go higher in conjunction with what I was looking at on the H4.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,208
  • Jun 10, 2010 9:39am Jun 10, 2010 9:39am
Quoting MarcVUM
OvT, when I was suggesting that PA was going to bounce off R1 (turned support) this is what I was looking at. Tops don't look like that! It had to go higher in conjunction with what I was looking at on the H4.
ic, yep, that certainly did not look like top
what about this .8489 top, lol
i took a small short at .8467, a bit late though
  • #3,209
  • Jun 10, 2010 9:44am Jun 10, 2010 9:44am
Quoting OvT
ic, yep, that certainly did not look like top
what about this .8489 top, lol
i took a small short at .8467, a bit late though
It very well may be for a nice retracement. I would move your S/L to B/E as soon as possible though. Try to at least walk away with 5 pips in your bag.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,210
  • Jun 10, 2010 9:47am Jun 10, 2010 9:47am
Quoting MarcVUM
It very well may be for a nice retracement. I would move your S/L to B/E as soon as possible though. Try to at least walk away with 5 pips in your bag.
Hey Marc,
I am still holding that long ....i moved SL to above 0.84.

Fibwise, I think we should see retracement now. I am short..waiting for PA to add ...

critical 4H candle.
  • #3,211
  • Jun 10, 2010 9:50am Jun 10, 2010 9:50am
Quoting aragorn123
Hey Marc,
I am still holding that long ....i moved SL to above 0.84.

Fibwise, I think we should see retracement now. I am short..waiting for PA to add ...

critical 4H candle.
Great! Although after OvT pointed out the UTL to me (which I did not see earlier) you may want to take profit now. 8400 is a great place to put the S/L though since that was the last low before the current high.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,212
  • Jun 10, 2010 9:53am Jun 10, 2010 9:53am
Quoting MarcVUM
Great! Although after OvT pointed out the UTL to me (which I did not see earlier) you may want to take profit now. 8400 is a great place to put the S/L though since that was the last low before the current high.
Ahh...I will just wait to be taken out. Using a non-US broker means I can hedge, so i have both running.
  • #3,213
  • Jun 10, 2010 9:53am Jun 10, 2010 9:53am
Btw CJ is at interesting levels too.
  • #3,214
  • Jun 10, 2010 10:15am Jun 10, 2010 10:15am
If price doesnt turn south here, then we are going to 1.48xx levels and potentially 1.51xx
  • #3,215
  • Jun 10, 2010 11:06am Jun 10, 2010 11:06am
A/U. Since this is the first time that PA will have visited the 150ema on the H4 since the "free fall" and for the fact that today's Daily R3 is within pips of the 150ema I have set a sell limit at 8514. We may or may not reach this target so I will be monitoring PA on the H1 and M15 looking for a sign to sell. In particular I am looking for a Doji.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,216
  • Jun 10, 2010 11:46am Jun 10, 2010 11:46am
I go to sleep and look at the fun I missed
  • #3,217
  • Jun 10, 2010 11:56am Jun 10, 2010 11:56am
Quoting Saxon
I go to sleep and look at the fun I missed
good morning lol

i closed my shorts for +5 and +14, im not convinced that this is THE retrace
but if tradoholic is right, the 2nd half session when i'm asleep, this should be going down healthily (if we have indeed reached the top)

i have them bouncing between the two old R .84764 and .84561 for now
  • #3,218
  • Jun 10, 2010 12:06pm Jun 10, 2010 12:06pm
may or may not mean anything...
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  • #3,219
  • Jun 10, 2010 12:46pm Jun 10, 2010 12:46pm
Quoting OvT
good morning lol

i closed my shorts for +5 and +14, im not convinced that this is THE retrace
but if tradoholic is right, the 2nd half session when i'm asleep, this should be going down healthily (if we have indeed reached the top)

i have them bouncing between the two old R .84764 and .84561 for now
This is no fun, I hate trying to pick tops.
  • #3,220
  • Jun 10, 2010 12:53pm Jun 10, 2010 12:53pm
Aragorn, I would move that S/L on your long to 8453 now and take profit when and if we hit 8513 - 8520. That's my 2 cents! Great Job on this trade!

Saxon, I think the top is near. Still have my sell limit order at 8514. Will continue to watch PA on M15.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
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