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Nearly Naked (Simple Trades)

  • #5,321
  • Jul 1, 2010 7:01am Jul 1, 2010 7:01am
well, I'm out
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #5,322
  • Jul 1, 2010 7:07am Jul 1, 2010 7:07am
Quoting GordenGekko
GBP/CHF is coming to trade-able area..

4hr chart LTL is working as a support(also confluence of daily S2 pivot) and support zone can be seen clearly on daily and weekly chart.. My Guesstimate says that this area should give at-least 100 pips.. Gotta have a plan for it..

What do you guys think about this. Your views are always important and helpful.

Regards,
I would watch the 4hr close to try and get price action. Daily may give a signal as well.
  • #5,323
  • Jul 1, 2010 7:11am Jul 1, 2010 7:11am
My eu short got taken out at +1. lol Oh the shame of it all.
  • #5,324
  • Jul 1, 2010 7:30am Jul 1, 2010 7:30am
wow
Attached Image (click to enlarge)
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  • #5,325
  • Jul 1, 2010 7:44am Jul 1, 2010 7:44am
Quoting calderone
wow
EU did as expected by you.. Are u looking for shorts in this area.. or staying sidelined . i see a pink Resistance line on your chart.
What's worth doing is worth doing for money
  • #5,326
  • Jul 1, 2010 7:51am Jul 1, 2010 7:51am
Quoting GordenGekko
EU did as expected by you.. Are u looking for shorts in this area.. or staying sidelined . i see a pink Resistance line on your chart.
Gonna be flat until price makes it's way to that area. I will clean my chart and evaluate things again soon. Looks like eu strength for now.
  • #5,327
  • Jul 1, 2010 7:55am Jul 1, 2010 7:55am
Quoting calderone
Gonna be flat until price makes it's way to that area. I will clean my chart and evaluate things again soon. Looks like eu strength for now.
What's worth doing is worth doing for money
  • #5,328
  • Jul 1, 2010 7:56am Jul 1, 2010 7:56am
pardon my poor art skills! lol
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  • #5,329
  • Jul 1, 2010 8:03am Jul 1, 2010 8:03am
I'm learning to like fans.
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  • #5,330
  • Jul 1, 2010 8:07am Jul 1, 2010 8:07am
I like this pair.
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  • #5,331
  • Jul 1, 2010 9:23am Jul 1, 2010 9:23am
Just subscibing to this great thread.

Thanks
  • #5,332
  • Jul 1, 2010 9:38am Jul 1, 2010 9:38am
Quoting CharlesSA
Just subscibing to this great thread.

Thanks
Welcome aboard. I think most of us will be watching until next week.

Today is cad holiday and US has a long weekend for most US traders. Be safe.
  • #5,333
  • Jul 1, 2010 9:40am Jul 1, 2010 9:40am
cleaned my chart a bit
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  • #5,334
  • Jul 1, 2010 11:00am Jul 1, 2010 11:00am
Quoting GordenGekko
GBP/CHF is coming to trade-able area..

4hr chart LTL is working as a support(also confluence of daily S2 pivot) and support zone can be seen clearly on daily and weekly chart.. My Guesstimate says that this area should give at-least 100 pips.. Gotta have a plan for it..

What do you guys think about this. Your views are always important and helpful.

Regards,
This went up without us on board looks like SNB intervened. I wasn't expecting that.

SNB had been until quite recently intervening in the Euro's favor against franc hoping to stem franc's strength and/or euro's weakness.. and in the process of doing so SNB became worlds largest holder of Euro's. which happens when someone is on the wrong side of the trade and continue to buy and buy which is going down and down.

When SNB intervened over the course of last year or so , it could put the bid on euro and for an hour or two or sometimes a day or two , it could put euro up, but inevitably euro would come down hard, leaving SNB for a large loss for its efforts of intervention.

And thats why i didn't think that SNB would again intervene after registering such large looses. I guess SNB could afford large losses.. or must be some other reasons that i dont know.
What's worth doing is worth doing for money
  • #5,335
  • Jul 1, 2010 11:50am Jul 1, 2010 11:50am
Hi guys/gals! We have some craziness occurring in the markets today with correlation breakdowns between USD - U.S. equities - Gold/commodities - Treasuries - etc. I would love to hear some of your fundamental thoughts on all of this. fyi I am starting to look at ETF's that will let me play a burst in the U.S. Treasury bubble that I see and hear coming!

I did take one trade earlier this morning. A textbook bounce off of the 150ema on M15 down to D S1 on A/U. I won't be trading anymore due to the NFP tomorrow. Today almost seems like a mix between Wacky Wednesday and Freaky Friday!

P.S. If you don't have to trade today and tomorrow then I suggest stepping aside and watching! There is always an opportunity around the corner and I promise you won't miss "The Big Move"! Good Luck on your Trades!
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #5,336
  • Jul 1, 2010 11:58am Jul 1, 2010 11:58am
Quoting MarcVUM
Hi guys/gals! We have some craziness occurring in the markets today with correlation breakdowns between USD - U.S. equities - Gold/commodities - Treasuries - etc. I would love to hear some of your fundamental thoughts on all of this. fyi I am starting to look at ETF's that will let me play a burst in the U.S. Treasury bubble that I see and hear coming!

I did take one trade earlier this morning. A textbook bounce off of the 150ema on M15 down to D S1 on A/U. I won't be trading anymore due to the NFP tomorrow. Today almost seems like a mix between...
Ya, done for the day. I didn't expect UCHF to get to Fib for a week or so, but it did and i traded it. Took the first candle and set my trail @ +85 for 15, got taken out @ + 104. Took only 23 off EU and lost 31 on GU. Like you said, stepping off for the rest of the day and will probably be sidelined tomorrow during data
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  • #5,337
  • Jul 1, 2010 12:13pm Jul 1, 2010 12:13pm
Quoting calderone
I like this pair.
Here is my chart Mike will watch the PA at the highlighted area...
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  • #5,338
  • Jul 1, 2010 12:58pm Jul 1, 2010 12:58pm
Boy I've been trading Lousy the past few days
Annoying Precision
  • #5,339
  • Jul 1, 2010 1:01pm Jul 1, 2010 1:01pm
Quoting erikte279
Boy I've been trading Lousy the past few days
You might be able to take some off of EU 1.25
  • #5,340
  • Jul 1, 2010 1:08pm Jul 1, 2010 1:08pm
Quoting Saxon
You might be able to take some off of EU 1.25
If PA can get there, I have a 1:1 RRR with a Limit Sell SL 15 pips. Might be a good place for 15-30
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