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Nearly Naked (Simple Trades)

  • #3,481
  • Jun 13, 2010 9:26pm Jun 13, 2010 9:26pm
Quoting MarcVUM
I took a 5 pip from up here but here's what I've got... on the H4 there is a 50% Fib from the high on May 10th that I've got but I wouldn't be surprised if it rallies up to the orange 200sma because on the H1 the 150/200 crossover was not too long ago and it needs time to run its course. However, with that said the 150 has been above the 200 on M15 for many days now and therefore I wouldn't be surprised if we have a miniature break below the 200sma on M15 for a day or two. I will just continue playing my 5 - 10 pip trades as I normally...
Here is my chart.
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  • #3,482
  • Jun 13, 2010 9:32pm Jun 13, 2010 9:32pm
Quoting Saxon
Here is my chart.
Well then, I guess we just wait for a nice candle on the M15 to take a little ride down!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,483
  • Jun 13, 2010 9:32pm Jun 13, 2010 9:32pm
Sorry you misunderstood. I was referencing things like brokers, price feeds ect....I've got the trading plan. Right now I'm working with interbank fx and go trader. Spreads and fills on these platforms are decent but I think as my volume increases there has to be a different way then your basic retail account. I'm going to obviously do my homework but your a hedge fund manager so I figured Id reference you.

I would be trading my personal funds (under 200k, for now).

Quoting Saxon
[color=#211600]It's really dependent. Will you be trading personal funds, or client funds, because this can dictate your required RRR and Pool Risk Profile? I think the trading setups in here, Amy's, Shahab/Geppy's threads are pretty good. Each thread has it's own style I guess. If you are trading 50-100 lots, you might want to diversify operational risk by having multiple brokers. Also, with large positions, you can probably get MM status with your FCM and get some tighter spreads or a fixed system. I don't really know of any really good trading...
Annoying Precision
  • #3,484
  • Jun 13, 2010 9:45pm Jun 13, 2010 9:45pm
Quoting erikte279
Sorry you misunderstood. I was referencing things like brokers, price feeds ect....I've got the trading plan. Right now I'm working with interbank fx and go trader. Spreads and fills on these platforms are decent but I think as my volume increases there has to be a different way then your basic retail account. I'm going to obviously do my homework but your a hedge fund manager so I figured Id reference you.

I would be trading my personal funds (under 200k, for now).
Oh, my bad. Shop around with brokers, IBFX isn't my favorite. I use FXCM and some others. You might split up your funds into two accounts and ask for a MM (Money Manager) relationship with your FCM. You will get better spreads, alternate data feeds, etc... Also, if you are a money manager, you can get either PAMM or LAMM trading options. Since you are your 1 client with two accounts, you can have LAMM and have each account have a different risk profile and lot allocation. Or PAMM and choose specified percentages of each trade to go to each account. Also, you might start considering diversifying your operational risk by adding another FCM, so two terminals. If you are serious, you might get a Reuters or Bloomberg Terminal depending on what type of data you need.
  • #3,485
  • Jun 13, 2010 10:08pm Jun 13, 2010 10:08pm
Quoting MarcVUM
A/U. Coming up on that Feb low of 8577. Anyone think it will breach?
Hi Marc

I think the probability that au makes its way up into 8629 is pretty high. I am going to exit my longs at 8577 and start to build shorts between there and 8629. Above there and I am out.
  • #3,486
  • Jun 13, 2010 10:14pm Jun 13, 2010 10:14pm
Quoting amyc
Hi Marc

I think the probability that au makes its way up into 8629 is pretty high. I am going to exit my longs at 8577 and start to build shorts between there and 8629. Above there and I am out.
Hi Amy. As you can see from my charts after 8577 I don't have much in the way until the 200sma on H4 and then the Daily R3 at 8611 and 78.6% Fib at 8632. That's a Fib drawn from May 18th high. It's looking like 8577 is going to be breached so I will continue to wait to take a "Short" entry.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,487
  • Jun 13, 2010 10:17pm Jun 13, 2010 10:17pm
Quoting MarcVUM
Hi Amy. As you can see from my charts after 8577 I don't have much in the way until the 200sma on H4 and then the Daily R3 at 8611 and 78.6% Fib at 8632. That's a Fib drawn from May 18th high. It's looking like 8577 is going to be breached so I will continue to wait to take a "Short" entry.
Hold on... as I was typing the upper BB on my M15 just turned down. I'll continue to look for that "magical" candle on M15 to support a change in the short-term uptrend.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,488
  • Jun 13, 2010 10:23pm Jun 13, 2010 10:23pm
i think for the long term any short here in the AUD.USD up to 8650-87 will be a great profitable position
  • #3,489
  • Jun 13, 2010 10:32pm Jun 13, 2010 10:32pm
Quoting MarcVUM
Hold on... as I was typing the upper BB on my M15 just turned down. I'll continue to look for that "magical" candle on M15 to support a change in the short-term uptrend.
Still watching fib. Want to add shorts to Monthly Piv. If it can turn, we would have a good divergence.
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  • #3,490
  • Jun 13, 2010 10:35pm Jun 13, 2010 10:35pm
Confluence PA targets to watch on UCHF
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  • #3,491
  • Jun 13, 2010 10:39pm Jun 13, 2010 10:39pm
Quoting Saxon
Still watching fib. Want to add shorts to Monthly Piv. If it can turn, we would have a good divergence.
I hear you. Just can't seem to notice any good candle right now and I'm not about to sell while we are sitting on top of Daily R2!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,492
  • Jun 13, 2010 10:47pm Jun 13, 2010 10:47pm
Quoting MarcVUM
I hear you. Just can't seem to notice any good candle right now and I'm not about to sell while we are sitting on top of Daily R2!
If PA holds it's current position we will have a nice gravestone doji on H1.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,493
  • Jun 13, 2010 10:51pm Jun 13, 2010 10:51pm
This helps, thanks

Quoting Saxon
[color=#211600]Oh, my bad. Shop around with brokers, IBFX isn't my favorite. I use FXCM and some others. You might split up your funds into two accounts and ask for a MM (Money Manager) relationship with your FCM. You will get better spreads, alternate data feeds, etc... Also, if you are a money manager, you can get either PAMM or...
Annoying Precision
  • #3,494
  • Jun 13, 2010 10:53pm Jun 13, 2010 10:53pm
Quoting Saxon
Hey Marc,
[color=#211600]Sorry for the delayed response. When it comes to fibs, you are not alone. There is a lot of ambiguity in how they are drawn, even more so with extension/expansion. Generally, the more Long-Term/Higher-Timeframe you use, the more significant. If you draw a fib on a low timeframe and 61 fib is broken, you need to pull out to a higher timeframe or change direction all together. For my smaller timeframe, I chose 1.2666 as my high. I have a trick for drawing them, first, when you see that the start of a...

This is great stuff, Saxon.
  • #3,495
  • Jun 13, 2010 10:54pm Jun 13, 2010 10:54pm
Quoting MarcVUM
If PA holds it's current position we will have a nice gravestone doji on H1.
Keeping an eye on my MACD and this H1 candle too. Having a hard time getting through this fib

My chart with Rs
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  • #3,496
  • Jun 13, 2010 10:55pm Jun 13, 2010 10:55pm
Quoting epeks
This is great stuff, Saxon.
No problem, glad you liked it
  • #3,497
  • Jun 13, 2010 11:21pm Jun 13, 2010 11:21pm
On the M5 the 12 ema has just crossed the 24 ema.
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  • #3,498
  • Jun 13, 2010 11:22pm Jun 13, 2010 11:22pm
PA is too sloooow for me. I'm taking a break 'till tomorrow morning. Enjoy your evening Saxon.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,499
  • Jun 13, 2010 11:29pm Jun 13, 2010 11:29pm
Quoting MarcVUM
PA is too sloooow for me. I'm taking a break 'till tomorrow morning. Enjoy your evening Saxon.
What!?!?! Going to bed...... Probably a good idea though. I am going to stay up and watch for some PA targets, AU is too close to go to bed for me. UCHF is a ways off, EU is a ways off and GU is getting there.
  • #3,500
  • Jun 13, 2010 11:32pm Jun 13, 2010 11:32pm
Quoting MarcVUM
PA is too sloooow for me. I'm taking a break 'till tomorrow morning. Enjoy your evening Saxon.
Goodnight.....Try to save some pips for you With my luck, PA will be slow and when I go to bed it will pick up
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