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Nearly Naked (Simple Trades)

  • #5,381
  • Jul 1, 2010 7:43pm Jul 1, 2010 7:43pm
Quoting MarcVUM
Well, I guess I ended up being right about PA hitting D R1 after running through the 150ema /200sma. Merry Xmas!

http://www.forexfactory.com/showpost...postcount=5348
http://www.forexfactory.com/showpost...postcount=5351

  • #5,382
  • Jul 1, 2010 7:44pm Jul 1, 2010 7:44pm
Took a short on GU Weekly R1. Again, really small due to market conditions. 15 pip SL is good enough. It will either drop or cruise up. If it does drop should give 15-30 so it is a good enough RRR
  • #5,383
  • Jul 1, 2010 7:45pm Jul 1, 2010 7:45pm
I am also not a fan of it but wanna know what the world is doing. (edge)
  • #5,384
  • Jul 1, 2010 8:07pm Jul 1, 2010 8:07pm
Quoting ingmarforex
Just started yesterday reading this stuff.

http://www.un.org/esa/policy/wess/




It looks like The United Nations has slammed the U.S. dollar in a new report called Retooling Global Development. They're recommending an end to the dollar's role as dominant reserve currency, and pushing for a new global reserve regime based on a supranational currency made up of a basket of developed nation currencies.
Yeah....it worked so well for the Eurozone.....
  • #5,385
  • Edited 8:29pm Jul 1, 2010 8:11pm | Edited 8:29pm
Quoting Saxon
Took a short on GU Weekly R1. Again, really small due to market conditions. 15 pip SL is good enough. It will either drop or cruise up. If it does drop should give 15-30 so it is a good enough RRR
Just realized I've got another voucher!
I really like reading your thread!

Thank you again!
  • #5,386
  • Jul 1, 2010 8:21pm Jul 1, 2010 8:21pm
Quoting Saxon
Took a short on GU Weekly R1. Again, really small due to market conditions. 15 pip SL is good enough. It will either drop or cruise up. If it does drop should give 15-30 so it is a good enough RRR
Success. 30 on the money. Out for a bit, be back later
  • #5,387
  • Jul 1, 2010 9:39pm Jul 1, 2010 9:39pm
A/U... Potential PO targets. We have a 150/200 crossover on M15 so I'm looking for longs going forward... shorts at R levels for a quick 5 - 10. Just took at 5 pip short at the last candle. Important to note that the 150 is above the 200 on the H4 so I am expecting this to rally up to 86 (monthly pp / weekly S1) Good Luck.
Attached Image (click to enlarge)
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #5,388
  • Jul 1, 2010 9:41pm Jul 1, 2010 9:41pm
Quoting MarcVUM
A/U... Potential PO targets. We have a 150/200 crossover on M15 so I'm looking for longs going forward... shorts at R levels for a quick 5 - 10. Just took at 5 pip short at the last candle. Important to note that the 150 is above the 200 on the H4 so I am expecting this to rally up to 86 (monthly pp / weekly S1) Good Luck.
With you on this one. I am long from 8450. The daily threw a pin bar at the 61.8 level.
  • #5,389
  • Jul 1, 2010 9:56pm Jul 1, 2010 9:56pm
Quoting aragorn123
With you on this one. I am long from 8450. The daily threw a pin bar at the 61.8 level.
I don't want to clutter the thread with too many charts so I'll just put up my H4... it is very possible that we come back down to around 8450 -60 area before heading back up just to close the gap between the yellow and red/blue ma's on this chart. The 35sma and 21ema on H2 also need to cross before any continued move north... we are also getting a nice bearish candle on H1 right now. If it comes down to 8440 -50 area I will be loading up longs heavy!
Good Luck.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 211 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #5,390
  • Jul 1, 2010 10:19pm Jul 1, 2010 10:19pm
I've been giving this a thought all day... A/U was for a long time following the movement of Gold which stopped a couple of months back and since has been following the S&P but since the USD and S&P both fell today and A/U continued higher I am considering this new idea. A/U was always a "risk" trade but since the U.S. economy is in the dumps and the world is finally realizing it I think that people would feel safer with their money in AUD rather than USD. The continued fall of USD would of course support this theory. I believe that Gold, Oil and other commodities will continue higher...

Edit: I am really eager to see how NFP plays out tomorrow and how the markets react to bad news or "a little better" than bad news.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #5,391
  • Jul 1, 2010 11:43pm Jul 1, 2010 11:43pm
I took a feeler long here on the last M15 candle. The 50% Fib retracement level is in alignment with the 150ema on H1 and the 200sma on M30 (8550 area)... must also note that the D R2 is in the way at 8531.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 239 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #5,392
  • Jul 1, 2010 11:47pm Jul 1, 2010 11:47pm
Quoting MarcVUM
I've been giving this a thought all day... A/U was for a long time following the movement of Gold which stopped a couple of months back and since has been following the S&P but since the USD and S&P both fell today and A/U continued higher I am considering this new idea. A/U was always a "risk" trade but since the U.S. economy is in the dumps and the world is finally realizing it I think that people would feel safer with their money in AUD rather than USD. The continued fall of USD would of course support this theory. I believe that Gold, Oil...
Hi Marc,

My thought are aud is great for carry trade, but usd has always been the safe currency, and China and few other countries been holding billions to trillions of usd bonds, will they let usd fall harder?
What i dont understand this week is the rally is e/u, why is euro region stronger than us region when they have countries with junk status (Greece) and Spain is getting review today.

If Spain's downgrade is announce today, will this be another classic pump and dump on a Friday?
But NFP is the wild card, it's gonna be a wiiiiiiillllllddddd day.

Btw, i agree that gold is gonna fly again, my forex factory name says it all.
  • #5,393
  • Jul 2, 2010 12:22am Jul 2, 2010 12:22am
Buy limit set on A/U at 8445. Now only if I am so lucky! This one should be good!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #5,394
  • Jul 2, 2010 12:43am Jul 2, 2010 12:43am
Quoting MarcVUM
Buy limit set on A/U at 8445. Now only if I am so lucky! This one should be good!
Those don't come along very often.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 218 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #5,395
  • Jul 2, 2010 1:08am Jul 2, 2010 1:08am
hi Marc,

Your trade seems good.. there is S/R also .. although i am bit hesitant to open any trades in AU .. for me 0.8580-0.8600 is the area to go long or short.. PA at that are will decide whats next for this pair.

Regards,
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What's worth doing is worth doing for money
  • #5,396
  • Jul 2, 2010 1:13am Jul 2, 2010 1:13am
Quoting GordenGekko
hi Marc,

Your trade seems good.. there is S/R also .. although i am bit hesitant to open any trades in AU .. for me 0.8580-0.8600 is the area to go long or short.. PA at that are will decide whats next for this pair.

Regards,
Absolutely. 8600 is a key area. I just keep wondering if AUD is going to be the safe haven. I wish someone from Australia would enlighten me as to their economic status. I've been saying for so long that the U.S. economy is in the dumps and finally I'm seeing signs of the world agreeing with me. The USD doesn't deserve to be the safe haven... I'm just waiting waiting waiting for the bond bubble forming to bust. That one should retire me!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #5,397
  • Jul 2, 2010 1:37am Jul 2, 2010 1:37am
Quoting MarcVUM
Those don't come along very often.
Hmmm. I had taken profit on half at 10 but I think I'm going to close the trade at B/E now. The wicks are nice and PA is staying above the 150ema on M15 but NFP is looming in my head.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #5,398
  • Jul 2, 2010 1:41am Jul 2, 2010 1:41am
Alright, it's 2:40am est here now. Time to sign off!
http://smileys.smileycentral.com/cat/23/23_9_11.gif
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #5,399
  • Jul 2, 2010 2:22am Jul 2, 2010 2:22am
http://www.telegraph.co.uk/finance/n...oil-price.html


hahahahahahahahahahaha
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #5,400
  • Jul 2, 2010 5:49am Jul 2, 2010 5:49am
Quoting s2659
http://www.telegraph.co.uk/finance/n...oil-price.html


hahahahahahahahahahaha
LOL
What's worth doing is worth doing for money
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