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Nearly Naked (Simple Trades)

  • #4,901
  • Jun 29, 2010 12:27am Jun 29, 2010 12:27am
Quoting Saxon
My potential trades:

AU Long 8605 SL 20 pips
EU Long 1.2230 SL 20 pips

Both of these trades are a few pips before target to make sure I get in. Looking for a 1X-2X Profit on Risk. With my luck PA will get there at London open and I wont trade.......
hmm, so you play bounces off ppz's to next trouble areas? interesting
do you only trade short term like that? or do you catch bigger moves as well?
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #4,902
  • Jun 29, 2010 12:36am Jun 29, 2010 12:36am
Quoting s2659
hmm, so you play bounces off ppz's to next trouble areas? interesting
do you only trade short term like that? or do you catch bigger moves as well?
Oh, these are just short term since there is nothing else going on. My high-probability stuff is a ways off and these are just good for a few pips. I trade long-term as well, but with bigger targets. If a piv lines up with a different time frame piv or S/R, then it should be a safe trade to get a quick BE set, for me. If it lines up with a "00", old S/R (swing) a piv and a fib or two, then I will trade it heavier. But until I get those, I will trade for small fish right now. However, if PA can get to that AU target, it should be a really good trade due to the confluence.
  • #4,903
  • Edited 12:55am Jun 29, 2010 12:50am | Edited 12:55am
Quoting Saxon
Oh, these are just short term since there is nothing else going on. My high-probability stuff is a ways off and these are just good for a few pips. I trade long-term as well, but with bigger targets. If a piv lines up with a different time frame piv or S/R, then it should be a safe trade to get a quick BE set, for me. If it lines up with a "00", old S/R (swing) a piv and a fib or two, then I will trade it heavier. But until I get those, I will trade for small fish right now. However, if PA can get to that AU target, it should be a really good...
ok ok I usually take trades that last a few hours up to a few days.

and about your AU I think we might see price reach up to 8680-90 area after the initial bounce.
Attached Image
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #4,904
  • Jun 29, 2010 12:58am Jun 29, 2010 12:58am
I like your long entry at 8605 Saxon since the lower bollinger band on H4 has opened up nicely however I'm going to try for a quick bounce at D S3 first since the 150ema on H4 lines up with it atm.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 243 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,905
  • Jun 29, 2010 1:15am Jun 29, 2010 1:15am
dont we have a HNS on EC 1H?
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #4,906
  • Jun 29, 2010 1:16am Jun 29, 2010 1:16am
Quoting MarcVUM
I like your long entry at 8605 Saxon since the lower bollinger band on H4 has opened up nicely however I'm going to try for a quick bounce at D S3 first since the 150ema on H4 lines up with it atm.
Bam'o! Right on target...Finally!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,907
  • Jun 29, 2010 1:47am Jun 29, 2010 1:47am
I've been messing around with this strategy for a couple of weeks and it seems to have decent results so far.
You have to wait for PA to rub against or breach the MAE and then either pick the top of the AO or just when it changes color to trade the opposite direction...the target is always the mid-point.

Just thought it was interesting.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 164 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,908
  • Jun 29, 2010 2:19am Jun 29, 2010 2:19am
Quoting MarcVUM
Bam'o! Right on target...Finally!
So far so good with EU target and I traded AU S3 with you, both SL at BE. I don't trade London open so these are no risk to me now. Let's see how they roll.....
  • #4,909
  • Jun 29, 2010 2:23am Jun 29, 2010 2:23am
Quoting Saxon
So far so good with EU target and I traded AU S3 with you, both SL at BE. I don't trade London open so these are no risk to me now. Let's see how they roll.....
I took profit but I am waiting for your target to go long as well as the 21ema on M15 to go short.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,910
  • Jun 29, 2010 2:35am Jun 29, 2010 2:35am
Quoting MarcVUM
I took profit but I am waiting for your target to go long as well as the 21ema on M15 to go short.
Set my AU limit
  • #4,911
  • Jun 29, 2010 2:38am Jun 29, 2010 2:38am
Quoting Saxon
Set my AU limit
This better not miss!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,912
  • Jun 29, 2010 2:39am Jun 29, 2010 2:39am
Quoting MarcVUM
This better not miss!
I'm in!!!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,913
  • Jun 29, 2010 2:44am Jun 29, 2010 2:44am
Quoting MarcVUM
I'm in!!!
Mine took too, Weekly S gave the first bounce. Will probably push through to Monthly Piv and "00" though
  • #4,914
  • Jun 29, 2010 2:48am Jun 29, 2010 2:48am
What's up with AU and EU, it is like a yard sale

I think this trade will be ok, London just drives me up the wall though. It's like I'm trading against an overpaid FICC trader that has a quota to make and needs to pay the mortgage on his 15M home, a porche payment, his wife's plastic surgery and tuition for his 3 snot nose little kids he shipped off to private school so he never has to see them. That is why I hate London Open
  • #4,915
  • Jun 29, 2010 2:51am Jun 29, 2010 2:51am
Quoting Saxon
What's up with AU and EU, it is like a yard sale

I think this trade will be ok, London just drives me up the wall though. It's like I'm trading against an overpaid FICC trader that has a quota to make and needs to pay the mortgage on his 15M home, a porche payment, his wife's plastic surgery and tuition for his 3 snot nose little kids he shipped off to private school so he never has to see them. That is why I hate London Open
geez
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,916
  • Jun 29, 2010 2:52am Jun 29, 2010 2:52am
Quoting Saxon
What's up with AU and EU, it is like a yard sale

I think this trade will be ok, London just drives me up the wall though. It's like I'm trading against an overpaid FICC trader that has a quota to make and needs to pay the mortgage on his 15M home, a porche payment, his wife's plastic surgery and tuition for his 3 snot nose little kids he shipped off to private school so he never has to see them. That is why I hate London Open
If we can survive this H1 close push, I think we will be ok. Should retrace and at least allow us to get SL to BE, then I am off to bed
  • #4,917
  • Jun 29, 2010 2:53am Jun 29, 2010 2:53am
Quoting Fudomyo
It's dropping atm, why not scalp it to a reasonable downside target in the meantime? You can always get out if it reverses. S1, MS2 0.7000 area or that doesn't hold, the LTL area where the 4H 200ema is sitting seem reasonable.
Took half my trade off the table at S2, 0.6982.
4H is becoming overbought, but we still have some room to drop.

If it pulls back above the 4H 100ema, I'll probably close the rest of the position.

This is my first time trading this pair, but after I took a look at the chart Low put up, this short trade looked like good RR.

Turned out pretty well.
Attached Image (click to enlarge)
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  • #4,918
  • Jun 29, 2010 2:53am Jun 29, 2010 2:53am
Quoting MarcVUM
geez
Ya, I don't like trading London Open, am passionate about it. So this is a rare time I am trading against my rules.
  • #4,919
  • Jun 29, 2010 2:56am Jun 29, 2010 2:56am
HI all,
Just logging in to check up on my trades. Total 192 PIPS since morning. Closing all shorts on AU, EU, and GU. Anything can happen in the US session tonight. I believe we will have a semi reversal. Going out for dinner.... See you all in late session of NY. Good Luck
Find a job that you love and you dont have to work again in your life.
  • #4,920
  • Jun 29, 2010 3:00am Jun 29, 2010 3:00am
That was quite a push, check out the Euro. If this trade gets to BE 0.00 I am just going to get out. London not my fav
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