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Nearly Naked (Simple Trades)

  • #5,801
  • Jul 8, 2010 12:48am Jul 8, 2010 12:48am
Quoting MarcVUM
Hi Nick! Welcome to the thread. I always welcome information from Australian citizens. Saxon is right, I mainly trade A/U. Come back often and share your thoughts with us!

Hey Marc you may want to check out this site if you not already for good Australian view......www.businessspectator.com.au
  • #5,802
  • Jul 8, 2010 1:20am Jul 8, 2010 1:20am
Bout time, my UCHF trades are up 50 now. SL to BE soon.
  • #5,803
  • Jul 8, 2010 1:21am Jul 8, 2010 1:21am
Quoting Saxon
Bout time, my UCHF trades are up 50 now. SL to BE soon.
hi Saxon, what is your target for UCHF?
  • #5,804
  • Jul 8, 2010 1:22am Jul 8, 2010 1:22am
Quoting Saxon
Bout time, my UCHF trades are up 50 now. SL to BE soon.
Chart
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  • #5,805
  • Jul 8, 2010 1:28am Jul 8, 2010 1:28am
Quoting blackmovie
hi Saxon, what is your target for UCHF?
As long as possible
I have been waiting for this trade for a long time. At Daily close will probably add more assuming PA is closing above S/R or my positions. I risked 100 pips so I wont TP before that to get my RRR on target. The only other time I would get out would be if I was stopped either at BE or SL. If PA (And the Equities Market) agrees, I would like to see 100-500 for this. If I can get SL to BE + I will set a trail at 50. But the markets have been crazy today so I am not as confident as I usually would at a high-prob target like this. If EU breaks the wedge and Europe data is less than stellar, this should take off and we could reach the upper pip target. So, I will know more after Europe data.
  • #5,806
  • Jul 8, 2010 1:29am Jul 8, 2010 1:29am
GU at DR1 and 38 fib
  • #5,807
  • Jul 8, 2010 1:32am Jul 8, 2010 1:32am
Quoting Saxon
GU at DR1 and 38 fib
Chart
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  • #5,808
  • Jul 8, 2010 1:34am Jul 8, 2010 1:34am
Quoting Saxon
As long as possible
I have been waiting for this trade for a long time. At Daily close will probably add more assuming PA is closing above S/R or my positions. I risked 100 pips so I wont TP before that to get my RRR on target. The only other time I would get out would be if I was stopped either at BE or SL. If PA (And the Equities Market) agrees, I would like to see 100-500 for this. If I can get SL to BE + I will set a trail at 50. But the markets have been crazy today so I am not as confident as I usually would at a high-prob target like this....


Hi Saxon,
I am new to Forex Trading and have been following some of your posts and am impressed. As I was away for the past few days and missed some of your posts.
On the USD/CHF, you pick was to go long or short? I missed this.
Hope you can let me know.
Thanks.
  • #5,809
  • Jul 8, 2010 1:46am Jul 8, 2010 1:46am
Quoting Saxon
As long as possible
I have been waiting for this trade for a long time. At Daily close will probably add more assuming PA is closing above S/R or my positions. I risked 100 pips so I wont TP before that to get my RRR on target. The only other time I would get out would be if I was stopped either at BE or SL. If PA (And the Equities Market) agrees, I would like to see 100-500 for this. If I can get SL to BE + I will set a trail at 50. But the markets have been crazy today so I am not as confident as I usually would at a high-prob target like this....
One could also TP on all trades at DP coming up and re-enter when PA recovers.
  • #5,810
  • Jul 8, 2010 1:48am Jul 8, 2010 1:48am
Along the lines of Cokes EJ trade. PA might reach UTL at MR1 as well.
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  • #5,811
  • Jul 8, 2010 1:49am Jul 8, 2010 1:49am
good morning
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #5,812
  • Jul 8, 2010 1:54am Jul 8, 2010 1:54am
Holy Crap! I booked 26 trades today Just got an auto-update.....
  • #5,813
  • Jul 8, 2010 1:55am Jul 8, 2010 1:55am
Quoting s2659
good morning
What's up! Morning? It's 1 AM at my office.....
  • #5,814
  • Jul 8, 2010 1:58am Jul 8, 2010 1:58am
Quoting Saxon
What's up! Morning? It's 1 AM at my office.....
its almost 7 AM here

not much is new, except the weather here, been very windy last couple days.
Haven't taken a trade yet, but there are a couple of pairs I'm watching. And waiting for the right kind of setup.

How about you?
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #5,815
  • Jul 8, 2010 2:02am Jul 8, 2010 2:02am
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Classical Bearish move... However we could see a break upwards which is something only the fundamentals can cause. Still watching closely.
  • #5,816
  • Jul 8, 2010 2:06am Jul 8, 2010 2:06am
Quoting s2659
its almost 7 AM here

not much is new, except the weather here, been very windy last couple days.
Haven't taken a trade yet, but there are a couple of pairs I'm watching. And waiting for the right kind of setup.

How about you?
Been doing well, today has been exciting but i'm on top. Still waiting for a few setups with EU, AU and GU. I have a UCHF position that i am watching closely. GU data later is going to make things interesting......
  • #5,817
  • Jul 8, 2010 2:07am Jul 8, 2010 2:07am
Quoting wh1zz0
Attachment

Attachment

Classical Bearish move... However we could see a break upwards which is something only the fundamentals can cause. Still watching closely.
Great charts, I do hope we get to the UTL. Data later could mess with things. Agree with your analysis 100%
  • #5,818
  • Edited 2:22am Jul 8, 2010 2:13am | Edited 2:22am
Quoting Saxon
Been doing well, today has been exciting but i'm on top. Still waiting for a few setups with EU, AU and GU. I have a UCHF position that i am watching closely. GU data later is going to make things interesting......
yeah, I've got EA, EC, EJ, UJ and EU on my screen.

the EU is interesting, rising wedge on 1/4H tf's, divergence on both tf's as well, I would need a PA bar after a confirmed break to enter & I've got myself a trade.
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #5,819
  • Jul 8, 2010 2:24am Jul 8, 2010 2:24am
Quoting s2659
yeah, I've got EA, EC, EJ, UJ and EU on my screen.

the EU is interesting, rising wedge on 1/4H tf's, divergence on both tf's as well, would need a PA bar after a confirmed break to enter & I've got myself a trade.
Here is something I am watching with EU. The wedge looks good. If we can get into the orange box, could be good for a scalp (Piv, MA and TL). But if PA breaks, I will sell.
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  • #5,820
  • Jul 8, 2010 2:39am Jul 8, 2010 2:39am
Quoting Saxon
Here is something I am watching with EU. The wedge looks good. If we can get into the orange box, could be good for a scalp (Piv, MA and TL). But if PA breaks, I will sell.
I concur. But I'm still playing the patience game

Quote
Holy Crap! I booked 26 trades today

thats exactly twice the amount of trades I did in June
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
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