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Nearly Naked (Simple Trades)

  • #4,461
  • Jun 24, 2010 12:25am Jun 24, 2010 12:25am
Quoting MarcVUM
Thanks.
You are welcome.

Btw, as an aside, I wont be surprised to be stopped out with pre-London volatility etc etc. If I do get stopped out, then I will re-enter.
  • #4,462
  • Jun 24, 2010 12:33am Jun 24, 2010 12:33am
Quoting MarcVUM
Thanks. Just got it. Glad you are a member now and welcome to the thread!

If you have a chart I would love to see it.
thank you. Didn't know I was a member so soon.

well. What I don't like about the AU are the potential trouble areas. Plus, I don't like trading into MA's.

price also does not have a lot of room to move, until its passed second trouble area


edit: I meant that the trouble areas are so close..
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A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #4,463
  • Jun 24, 2010 12:41am Jun 24, 2010 12:41am
About my "no-trade" time. Going to pop in a movie, but will still be at my terminal
  • #4,464
  • Jun 24, 2010 12:42am Jun 24, 2010 12:42am
Quoting Saxon
About my "no-trade" time. Going to pop in a movie, but will still be at my terminal
I'm about to take your lead and hit the sack...one last post after this one.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,465
  • Jun 24, 2010 12:49am Jun 24, 2010 12:49am
Quoting s2659
thank you. Didn't know I was a member so soon.

well. What I don't like about the AU are the potential trouble areas. Plus, I don't like trading into MA's.

price also does not have a lot of room to move, until its passed second trouble area
I see what you mean. I mainly trade bounces off of significant MA's; S/R's so you can see on my M15 chart the white ovals are where I did or would have taken a trade in the reverse direction for a quick 5 - 10 pips. The reason I ask for an opinion here is because the "orange" 200sma and "pink" 150ema are so close to one another and yet no real direction. Since the Daily PP is also so close I just can't take a trade or at least one that fits into my rules/criteria.

IMO, after reviewing my H4 I think we are just consolidating between the current price and 8650 before another move northbound is made. This is my technical analysis based on the Daily and H4 charts as well as the fundamentals... usd loosing value due to the govt continuing to print money and spend what it doesn't have!

I'm about to head to bed but would be interested if you have any other comments to make. If anything I'll read them in the morning!
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,466
  • Jun 24, 2010 12:52am Jun 24, 2010 12:52am
Quoting MarcVUM
I'm about to take your lead and hit the sack...one last post after this one.
If I don't think my targets will get hit in London, I will do the same and just trade NY/Asia. We'll see though. Good trading today Marc I'll stay on for a bit more
  • #4,467
  • Edited 12:59am Jun 24, 2010 12:57am | Edited 12:59am
Quoting MarcVUM
I see what you mean. I mainly trade bounces off of significant MA's; S/R's so you can see on my M15 chart the white ovals are where I did or would have taken a trade in the reverse direction for a quick 5 - 10 pips. The reason I ask for an opinion here is because the "orange" 200sma and "pink" 150ema are so close to one another and yet no real direction. Since the Daily PP is also so close I just can't take a trade or at least one that fits into my rules/criteria.

IMO, after reviewing my H4 I think we are just consolidating between the current...
I agree. As you can see on the chart I posted price is 'stuck' between the 365 (green) and the 6/25 ma's.

for me 15 min is not my cup of tea , I stick to 1H, 4H, daily, wkly and mn.

the current situation on that pair, is an easy pass for me anyway.

Good night, I'll have to go to sleep soon too, its almost 6 am here.
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #4,468
  • Jun 24, 2010 1:03am Jun 24, 2010 1:03am
Quoting s2659
I agree. As you can see on the chart I posted price is 'stuck' between the 365 (green) and the 6/25 ma's.

for me 15 min is not my cup of tea , I stick to 1H, 4H, daily, wkly and mn.

the current situation on that pair, is an easy pass for me anyway.

Good night, I'll have to go to sleep soon too, its almost 6 am here.
After you mentioned 6 AM, i checked out your profile and found you are from Iceland. Always my dream to visit that country. Someday maybe!

Sleep well, gnite.
  • #4,469
  • Jun 24, 2010 1:04am Jun 24, 2010 1:04am
Quoting MarcVUM
I'm about to take your lead and hit the sack...one last post after this one.
I dont really have any open trades on Aussie right now. But like you mentioned, I still think it is going to head north towards the 0.89-0.9 mark.

I would first wait for it to clear 0.875 with authority though.

Added - Oh and Gnite..sleep well.
  • #4,470
  • Jun 24, 2010 1:08am Jun 24, 2010 1:08am
Quoting aragorn123
After you mentioned 6 AM, i checked out your profile and found you are from Iceland. Always my dream to visit that country. Someday maybe!

Sleep well, gnite.
Iceland is alright. The weather has been great so far this summer. Just like last summer,sunny.. pretty hot. And little to no winds.

well, gn
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #4,471
  • Jun 24, 2010 1:33am Jun 24, 2010 1:33am
Saxo or Marc do you guys trade GBP CAD
I am a newbie, but was wondering if you could have a look at the GBP CAD I am expecting a reasonable drop back to the daily breakout, if that confirms it may also bounce quite nicely.
Is that a H&S on the 5min
Cheers in advance
If you are new to Forex? Say Goodbye to your account!!
  • #4,472
  • Jun 24, 2010 3:56am Jun 24, 2010 3:56am
Quoting aragorn123
I dont really have any open trades on Aussie right now. But like you mentioned, I still think it is going to head north towards the 0.89-0.9 mark.

I would first wait for it to clear 0.875 with authority though.

Added - Oh and Gnite..sleep well.
I thought it would reach .90 when it was at .82-.83, but given the last 3-days, it seems worn out. I'm favoring testing .81 again now.
  • #4,473
  • Jun 24, 2010 4:28am Jun 24, 2010 4:28am
Quoting Clouds
I thought it would reach .90 when it was at .82-.83, but given the last 3-days, it seems worn out. I'm favoring testing .81 again now.
wow clouds, long time mate
how have you been, pips green? extra green?
  • #4,474
  • Jun 24, 2010 6:38am Jun 24, 2010 6:38am
AU
Old target breached, next two runner-ups on the way unless S/R holds. Both should be good for a few
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  • #4,475
  • Edited 6:56am Jun 24, 2010 6:40am | Edited 6:56am
EU
My small short target was actually good for almost 100 (I got out too early ). Targets above and below now.
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  • #4,476
  • Jun 24, 2010 6:41am Jun 24, 2010 6:41am
Quoting KiwiTrada
Saxo or Marc do you guys trade GBP CAD
I am a newbie, but was wondering if you could have a look at the GBP CAD I am expecting a reasonable drop back to the daily breakout, if that confirms it may also bounce quite nicely.
Is that a H&S on the 5min
Cheers in advance
Hey Kiwi,
Never traded that pair before will pull it up and see if I can see anything. Might take a bit.
  • #4,477
  • Jun 24, 2010 6:46am Jun 24, 2010 6:46am
Might see my UCHF target sometime soon now
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  • #4,478
  • Jun 24, 2010 6:50am Jun 24, 2010 6:50am
First GU target hit, bounced for around 65, not sure if it will take again so next target at fib and S/R confluence
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  • #4,479
  • Jun 24, 2010 6:51am Jun 24, 2010 6:51am
Closer view of GU so you can see targets and watch UTL as it is showing signifcance still
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  • #4,480
  • Jun 24, 2010 8:49am Jun 24, 2010 8:49am
Quoting KiwiTrada
Saxo or Marc do you guys trade GBP CAD
I am a newbie, but was wondering if you could have a look at the GBP CAD I am expecting a reasonable drop back to the daily breakout, if that confirms it may also bounce quite nicely.
Is that a H&S on the 5min
Cheers in advance
Good Morning... I too have never traded that pair but give me a few minutes and I will pull up a chart to see if anything sticks out to me.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
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