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Nearly Naked (Simple Trades)

  • #4,241
  • Jun 22, 2010 9:17am Jun 22, 2010 9:17am
Quoting shahab8b
Hi Mate,

Good set up you've got there. But I see you are averaging your shorts, it's not a good habit in long run.

Once again, good trade, only wanted to say my 2cent.
hey mate,

No I am not averaging my shorts. I start to scale in positions to get to my eventual target. This is in case if market doesn't reach my sell limit, I dont miss out on the trade. On the other side, if market does reach my sell limit, I get a better entry.

My risk is still the same. I would not add more than 4 Micro lots (which is the position I trade with these days).
  • #4,242
  • Jun 22, 2010 9:19am Jun 22, 2010 9:19am
Quoting puks
hey mate,

No I am not averaging my shorts. I start to scale in positions to get to my eventual target. This is in case if market doesn't reach my sell limit, I dont miss out on the trade. On the other side, if market does reach my sell limit, I get a better entry.

My risk is still the same. I would not add more than 4 Micro lots (which is the position I trade with these days).
Sorry my bad,

Good luck
  • #4,243
  • Jun 22, 2010 9:36am Jun 22, 2010 9:36am
Quoting Tuner
Ya. Lookin forward to that and hoping our German team can 'handle' Ghana
Sure a lot of pressure for our young team but they should be able to make it. Let's see !
If scores remain the same, then France are going home. Sad really, they have good players but the worst coach in the world.
  • #4,244
  • Jun 22, 2010 10:00am Jun 22, 2010 10:00am
Quoting aragorn123
If scores remain the same, then France are going home. Sad really, they have good players but the worst coach in the world.
i know! a red card and 0-2!
note - i am not really rooting for or against, probably just happy to see yet another upset lol
  • #4,245
  • Jun 22, 2010 10:11am Jun 22, 2010 10:11am
We saw 130 pips of healthy 15 min momentum bars followed by a small retrace after news (with little momentum).
Speed is the differentiator between the bull and bear moves that we've just seen. Retrace over, we could expect some new bullish momentum bars - perhaps enough to break through the resistance.

There is resistance up at the 1.4820 area so care needed. But nevertheless, the upward move has recommenced.

Rob
Attached Image
  • #4,246
  • Jun 22, 2010 10:13am Jun 22, 2010 10:13am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting OvT
i know! a red card and 0-2!
note - i am not really rooting for or against, probably just happy to see yet another upset lol
well.. I somehow like to see the 'underdogs' fighting and winning (as long as it isn't against my team )
But France is a real disgrace these days.
Hope Germany will not follow tomorrow...
"Blue Horseshoe loves Anacott Steel!"
  • #4,247
  • Jun 22, 2010 10:23am Jun 22, 2010 10:23am
Quoting OvT
since he changed his signature he's been sleeping a lot lol
You guys make me laugh. I guess that's what happens when the acct gets to a certain mile marker!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,248
  • Jun 22, 2010 10:25am Jun 22, 2010 10:25am
Quoting priceaction
We saw 130 pips of healthy 15 min momentum bars followed by a small retrace after news (with little momentum).
Speed is the differentiator between the bull and bear moves that we've just seen. Retrace over, we could expect some new bullish momentum bars - perhaps enough to break through the resistance.

There is resistance up at the 1.4820 area so care needed. But nevertheless, the upward move has recommenced.

Rob
Position now closed for 55 pips.
A few more thoughts below.
Rob
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  • #4,249
  • Jun 22, 2010 11:46am Jun 22, 2010 11:46am
A/U. LTL stretches all the way back to 11 June. If the LTL breaks I'll try to target the lows of 11 June.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,250
  • Jun 22, 2010 12:47pm Jun 22, 2010 12:47pm
Looks like my second GU taget held. EU bounced off first S/R
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  • #4,251
  • Jun 22, 2010 1:11pm Jun 22, 2010 1:11pm
E/U

I like to see E/U at 1.25 -26 to sell it big. but first R at 1.232 should be cleared , it's not bullish till the R holds
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  • #4,252
  • Jun 22, 2010 1:16pm Jun 22, 2010 1:16pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Saxon
Looks like my second GU taget held. EU bounced off first S/R
Hi there Saxon,
Hope you are doin fine.
I know you like the round numbers
Did you go for it on A/U today ( 0.88) ?
Was tested several times today with nice bounces from there.
"Blue Horseshoe loves Anacott Steel!"
  • #4,253
  • Jun 22, 2010 1:35pm Jun 22, 2010 1:35pm
I am catching up a bit on all the fine posts and charts. I have some charting to do myself when the anesthesia wears off.

I had some good luck today in that there is no hernia. I did have scar tissue in my esophogus and barrett from the acid erosion. The doctor was able to stretch out my esophogus because it had narrowed so much. Gotta take some pills for a while and should be alright.

I appreciate everyone's well wishes and kind words.

Now, no trades for me today and I will wait until tomorrow to rebuild my charts and get busy. It's nice to have so many fine chartists here with good tips. You've all made me a better trader.

Catch you guys and gals (Amy) soon.

MIke
  • #4,254
  • Jun 22, 2010 1:44pm Jun 22, 2010 1:44pm
It's good to hear that there is no hernia Mike! That's really good news.

A/U. I go out to get some lunch and this is what I come back to?? Looks like that LTL is saying goodbye! I should have added to my shorts on that 11:30am est Doji. Darn it!
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,255
  • Jun 22, 2010 1:46pm Jun 22, 2010 1:46pm
Quoting MarcVUM
It's good to hear that there is no hernia Mike! That's really good news.

A/U. I go out to get some lunch and this is what I come back to?? Looks like that LTL is saying goodbye! I should have added to my shorts on that 11:30am est Doji. Darn it!
I think it is closing the gap..I still have the long order at 8734..

Btw anyone in UC..look at it go ..up about 120 so far.
  • #4,256
  • Jun 22, 2010 1:49pm Jun 22, 2010 1:49pm
Quoting aragorn123
I think it is closing the gap..I still have the long order at 8734..

Btw anyone in UC..look at it go ..up about 120 so far.
Did you get filled?

Saxon, did you take the G/U trade that you posted earlier?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,257
  • Jun 22, 2010 1:56pm Jun 22, 2010 1:56pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting aragorn123
I think it is closing the gap..I still have the long order at 8734..

Btw anyone in UC..look at it go ..up about 120 so far.
I catched some of UC today. Liked the PA on the second bounce from 1.0180 and entered there.
Only had one small position so I decided to cash it in on weekly pivot (where it seemed to stall...for some seconds )

till it got boosted again :o
So I missed or am missing now the rest of that trade.
Anyway: 73 pips on that one
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"Blue Horseshoe loves Anacott Steel!"
  • #4,258
  • Jun 22, 2010 2:00pm Jun 22, 2010 2:00pm
Quoting shahab8b
I wanna say something if I may.

EW is good if you get it right.It's a bit more sophisticated than other methodology that's the reason people tend to disregard it.

There is no holy grail out there, only high probability prediction. If you get better probability than your risk/reward ratio you have the edge.

At the end, they say there is no alchemy to look for. However, I'd say :the alchemist is you ,know yourself and control your mind, that's all.
thats very right shahab , and exactly what i said ,, its not like a regular indicator that is as simple as a cross over gives a sell or buy signal or an overbought area and oversolf areas to watch ,, its so much complicated than this and it needs alot of practicing time to master it , not just studying it is enought , but part of the ppl are not patient enough to learn it and the other part read the basics of it and just throw it away cause they didn't really get its idea right
AND MOST OF THE PPL DONT KNOW THAT , ELLIOTT WAVES is used beside alot of other methods like Fibinachi and MACD RSI OSC STOCLASTIC to watch wave ending DIV. signal and the normal s/r method ,, and sometimes ICH. as well ,, ELLiott waves is a combination of alot of methods together to form a good analysis ,, not just a 1 to 5 count lol
  • #4,259
  • Jun 22, 2010 2:00pm Jun 22, 2010 2:00pm
Quoting Tuner
Hi there Saxon,
Hope you are doin fine.
I know you like the round numbers
Did you go for it on A/U today ( 0.88) ?
Was tested several times today with nice bounces from there.
No AU for me on those "00"s. Swings were too close together for my liking. Are you watching Argentina?
  • #4,260
  • Jun 22, 2010 2:01pm Jun 22, 2010 2:01pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting calderone

I had some good luck today in that there is no hernia. I did have scar tissue in my esophogus and barrett from the acid erosion. The doctor was able to stretch out my esophogus because it had narrowed so much. Gotta take some pills for a while and should be alright.

MIke
Hi Mike,
This is good news! Hope you will recover soon then.
Health over pips!

Take care!

-Tuner-
"Blue Horseshoe loves Anacott Steel!"
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