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Nearly Naked (Simple Trades)

  • #3,361
  • Jun 11, 2010 1:35am Jun 11, 2010 1:35am
Quoting amyc
if it can't get above 44 though it will be back into 00 I think.
? 44...844? Sorry, I'm probably missing it, it's late here
  • #3,362
  • Jun 11, 2010 1:36am Jun 11, 2010 1:36am
Quoting Saxon
? 44...844? Sorry, I'm probably missing it, it's late here
yeah 8444 sorry
  • #3,363
  • Jun 11, 2010 1:38am Jun 11, 2010 1:38am
Quoting amyc
yeah 8444 sorry
No, my bad. I'm just being dumb
  • #3,364
  • Jun 11, 2010 1:40am Jun 11, 2010 1:40am
Quoting amyc
yeah 8444 sorry
It would be a struggle getting to 84 though since the pink 150ma is in its way besides the Daily PP.
Attached Image (click to enlarge)
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,365
  • Jun 11, 2010 1:42am Jun 11, 2010 1:42am
Quoting MarcVUM
It would be a struggle getting to 84 though since the pink 150ma is in its way besides the Daily PP.
Thats good, maybe my long will do ok then
  • #3,366
  • Jun 11, 2010 1:45am Jun 11, 2010 1:45am
Quoting amyc
Thats good, maybe my long will do ok then
There is always good in every situation! I've been waiting for a candle here to go long.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,367
  • Jun 11, 2010 1:45am Jun 11, 2010 1:45am
usd/cad broke out to the upside as expected. too bad my stop loss got hit first with 14pips loss. Still waiting on the gbp/jpy trade to break out to the upside as well.
  • #3,368
  • Jun 11, 2010 1:49am Jun 11, 2010 1:49am
Here is a chart of what happened.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 30 KB
  • #3,369
  • Jun 11, 2010 1:51am Jun 11, 2010 1:51am
Quoting Forextrader4
Here is a chart of what happened.
Sorry to hear about the loss but I'm sure you'll make that back in a flash. I always wait until a candle closes through the R or S before taking the position...saved me a lot of times!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,370
  • Jun 11, 2010 1:55am Jun 11, 2010 1:55am
Quoting MarcVUM
Sorry to hear about the loss but I'm sure you'll make that back in a flash. I always wait until a candle closes through the R or S before taking the position...saved me a lot of times!
Yea that's true, i didn't wait on the candle to close which was my mistake, plus the price action today is just crazy...
  • #3,371
  • Jun 11, 2010 1:59am Jun 11, 2010 1:59am
Why am I getting the feeling that we are going to be back at 85 during London!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,372
  • Jun 11, 2010 2:00am Jun 11, 2010 2:00am
hi guys
there's a narrowing channel on a/u
i sold on the touch of UTL just then and took some pips
is this an accummulation for a spike up? any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: 20100611-audusd5.gif Size: 35 KB
  • #3,373
  • Jun 11, 2010 2:00am Jun 11, 2010 2:00am
Quoting MarcVUM
Why am I getting the feeling that we are going to be back at 85 during London!
8546 I see for today
  • #3,374
  • Jun 11, 2010 2:03am Jun 11, 2010 2:03am
Quoting amyc
8546 I see for today
That's before U.S opens?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,375
  • Jun 11, 2010 2:04am Jun 11, 2010 2:04am
Quoting MarcVUM
That's before U.S opens?
no just sometime during Friday.
  • #3,376
  • Jun 11, 2010 2:04am Jun 11, 2010 2:04am
Quoting OvT
hi guys
there's a narrowing channel on a/u
i sold on the touch of UTL just then and took some pips
is this an accummulation for a spike up? any thoughts?
Yea, I see that. A spike up is in my head right now. I'm just waiting for a candle on M15 to signal it.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,377
  • Jun 11, 2010 2:05am Jun 11, 2010 2:05am
Hi all ,

Have a look at CAD/JPY chart here, tempted to short here with tight stop loss.

Reasons:

1. UTL
2. 61.8 fibo
3. S/R Zone

hey saxon and markVUM keep up the good work.. learning a lot from you guys thx.
Attached Image (click to enlarge)
Click to Enlarge Name: cj4.gif Size: 32 KB
Anything is possible; everything is negotiable
  • #3,378
  • Jun 11, 2010 2:06am Jun 11, 2010 2:06am
Quoting MarcVUM
Yea, I see that. A spike up is in my head right now. I'm just waiting for a candle on M15 to signal it.
looks like it's happening right now!
i haven't even had a chance to finish drawing the arrow
i might ride this up for a few pips
  • #3,379
  • Jun 11, 2010 2:08am Jun 11, 2010 2:08am
The aud/usd doesn't really have a direction right now, although a trend up is building in the 30 minutes chart. Will keep an eye on it for a good entry long.
  • #3,380
  • Jun 11, 2010 2:09am Jun 11, 2010 2:09am
Quoting OvT
looks like it's happening right now!
i haven't even had a chance to finish drawing the arrow
i might ride this up for a few pips
I know. What the heck!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
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