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Nearly Naked (Simple Trades)

  • #5,441
  • Jul 4, 2010 7:48pm Jul 4, 2010 7:48pm
My long-term UCHF, don't want to miss this one if it takes
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  • #5,442
  • Jul 4, 2010 7:51pm Jul 4, 2010 7:51pm
Quoting Saxon
Weekly Piv (85012) is prime too. Lines up nicely with that high on the 1st/2nd. Not to mention near "00"
Those would be good too as long as PA get there. Problem is that 200sma on H4 is sitting at 8471 and there is a UTL sitting around 8465 right now. I've got my PO set at 8465. It is getting ripe!!! as the M15 candles pass by. Just hope PA can get above this darn Daily PP. There is a critical MA helping it out right now.. Oh well, I did alright the last time it hit D PP around 9:30pm est.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #5,443
  • Jul 4, 2010 7:58pm Jul 4, 2010 7:58pm
Quoting MarcVUM
Those would be good too as long as PA get there. Problem is that 200sma on H4 is sitting at 8471 and there is a UTL sitting around 8465 right now. I've got my PO set at 8465. It is getting ripe!!! as the M15 candles pass by. Just hope PA can get above this darn Daily PP. There is a critical MA helping it out right now.. Oh well, I did alright the last time it hit D PP around 9:30pm est.
I am short at DP with a really tight SL on AU right now. Seeing if this small S/R level can hold as it lines up with DP and MP. SL is really tight, like 13 pips. (So far covered the spread + a few) So not a big loss. Got a sell limit on "00" 85 with a 20 pip SL as well.
  • #5,444
  • Jul 4, 2010 8:01pm Jul 4, 2010 8:01pm
Quoting Saxon
I am short at DP with a really tight SL on AU right now. Seeing if this small S/R level can hold as it lines up with DP and MP. SL is really tight, like 13 pips. (So far covered the spread + a few) So not a big loss. Got a sell limit on "00" 85 with a 20 pip SL as well.
That very well may work. Stochs are rolling over finally.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #5,445
  • Jul 4, 2010 8:03pm Jul 4, 2010 8:03pm
Quoting MarcVUM
That very well may work. Stochs are rolling over finally.
Got an M5 Asc Triangle going on though that has me worried (Perfectly formed) looks like it is valid as it just busted up......hmmmm
  • #5,446
  • Jul 4, 2010 8:05pm Jul 4, 2010 8:05pm
Quoting Saxon
My long-term UCHF, don't want to miss this one if it takes
I agree with u...Here is my chart on usdchf
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  • #5,447
  • Jul 4, 2010 8:11pm Jul 4, 2010 8:11pm
Going to take a small UCAD long at red square as it lines up with swings (high) S/R and daily S1. Actually slightly below red square, on the actual S1
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  • #5,448
  • Jul 4, 2010 8:11pm Jul 4, 2010 8:11pm
You know earlier I missed the long entry at D S1 by 2 pips! Good thing I have MA's on all TF's that produce pips by shorting on the way up. This D PP is driving me crazy though. I need it to reach the purple and or hotpink MA's above.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #5,449
  • Jul 4, 2010 8:14pm Jul 4, 2010 8:14pm
Quoting Saxon
Going to take a small UCAD long at red square as it lines up with swings (high) S/R and daily S1. Actually slightly below red square, on the actual S1
Where the red box should be, sorry
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  • #5,450
  • Jul 4, 2010 8:15pm Jul 4, 2010 8:15pm
Quoting MarcVUM
You know earlier I missed the long entry at D S1 by 2 pips! Good thing I have MA's on all TF's that produce pips by shorting on the way up. This D PP is driving me crazy though. I need it to reach the purple and or hotpink MA's above.
I agree. Want it to break for higher prob targets above.
  • #5,451
  • Jul 4, 2010 8:22pm Jul 4, 2010 8:22pm
gbpusd daily chart
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  • #5,452
  • Jul 4, 2010 8:53pm Jul 4, 2010 8:53pm
Saxon, if you haven't already gotten out of A/U... you may want to move your S/L to B/E. It's looking to bounce back up off of the 21ema on M15.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #5,453
  • Jul 4, 2010 9:19pm Jul 4, 2010 9:19pm
Quoting MarcVUM
Saxon, if you haven't already gotten out of A/U... you may want to move your S/L to B/E. It's looking to bounce back up off of the 21ema on M15.
Oh, i'm out now. got out @ 12
  • #5,454
  • Jul 4, 2010 9:20pm Jul 4, 2010 9:20pm
Quoting Saxon
Oh, i'm out now. got out @ 12
watching UCAD for my next potential trade now @ 1.05625
  • #5,455
  • Edited 10:02pm Jul 4, 2010 9:58pm | Edited 10:02pm
Hi guys,

Good setups you guys have identified .. Saxon, i m also with you for the USD/CHF trade you have mentioned.. I like the way you mark up imp levels on chart.. I m implementing those in my charts as well .. wanna say thanks for that.

Here's what i m looking for EUR/GBP
Long EUR/GBP @ 0.8200 .. only if it gets there..

Reasons: 1.Daily S1
2.Weekly Pivot
3.S/R
4.Round Number

Your views on this are helpful as always.
Thank you saxon for this wonderful thread...
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What's worth doing is worth doing for money
  • #5,456
  • Jul 4, 2010 11:12pm Jul 4, 2010 11:12pm
Quoting GordenGekko
Hi guys,

Good setups you guys have identified .. Saxon, i m also with you for the USD/CHF trade you have mentioned.. I like the way you mark up imp levels on chart.. I m implementing those in my charts as well .. wanna say thanks for that.

Here's what i m looking for EUR/GBP
Long EUR/GBP @ 0.8200 .. only if it gets there..

Reasons: 1.Daily S1
2.Weekly Pivot
3.S/R
4.Round Number

Your views on this are helpful as always.
Thank you saxon for this wonderful thread...
No Problem. Glad you like the way I mark charts It's only a good thread because we have so many great traders contributing here
  • #5,457
  • Jul 4, 2010 11:12pm Jul 4, 2010 11:12pm
AU broke Monthly Piv so could see my D R1 and Weekly piv targets now
  • #5,458
  • Jul 4, 2010 11:16pm Jul 4, 2010 11:16pm
UCAD DS1 trade closing in now too
  • #5,459
  • Jul 4, 2010 11:26pm Jul 4, 2010 11:26pm
Hopefully can scalp off AU R1 at 8480 before London
  • #5,460
  • Edited 11:56pm Jul 4, 2010 11:34pm | Edited 11:56pm
Got 4 Limits Up

Buy Limit UCHF 1.05043
Sell Limit AU .85
Buy Limit UCAD 1.05625
Sell Limit AU .8480 - Scalp

Open to change
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