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Nearly Naked (Simple Trades)

  • #6,881
  • Jul 27, 2010 9:46pm Jul 27, 2010 9:46pm
Quoting erikte279
What are your thoughts on g/u? Do you think it will hold above monthly resistance?
My charts show it coming down.
Attached Image (click to enlarge)
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #6,882
  • Jul 27, 2010 9:51pm Jul 27, 2010 9:51pm
Quoting MarcVUM
My charts show it coming down.
hey bro would you short then when your 21ma crosses 150 (on 15m) like you suggest in your aud/usd? or do you use different strategies for different currencies?

thanks
"Millionaires don't use astrology, billionaires do"
  • #6,883
  • Jul 27, 2010 10:03pm Jul 27, 2010 10:03pm
Quoting forex_growth
hey bro would you short then when your 21ma crosses 150 (on 15m) like you suggest in your aud/usd? or do you use different strategies for different currencies?

thanks
I suggested above that if you are going to short A/U and were not in before the news to wait until price touches the yellow 21ema or the 150ema. The cross of the 21 and 150 is not relevant to this short setup.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #6,884
  • Jul 27, 2010 10:10pm Jul 27, 2010 10:10pm
Quoting MarcVUM
I suggested above that if you are going to short A/U and were not in before the news to wait until price touches the yellow 21ema or the 150ema. The cross of the 21 and 150 is not relevant to this short setup.
Here's a H4 chart to show support for what I mean. The yellow and black ma's need to come closer together before anymore meaningful drops so PA will bounce back and forth here like a roller-coaster giving the range traders some good scalping ops.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 177 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #6,885
  • Jul 27, 2010 10:17pm Jul 27, 2010 10:17pm
Quoting MarcVUM
Here's a H4 chart to show support for what I mean. The yellow and black ma's need to come closer together before anymore meaningful drops so PA will bounce back and forth here like a roller-coaster giving the range traders some good scalping ops.
understood thanks! so you trade mostly using MA's? where could one find out more about them... at moment Im still learning and mostly using TL's and pivots... as they quite simple per say.. I still struggle with price action though and more importantly when to close or how to attain a TP..

thanks again
"Millionaires don't use astrology, billionaires do"
  • #6,886
  • Jul 27, 2010 10:20pm Jul 27, 2010 10:20pm
Quoting forex_growth
understood thanks! so you trade mostly using MA's? where could one find out more about them... at moment Im still learning and mostly using TL's and pivots... as they quite simple per say.. I still struggle with price action though and more importantly when to close or how to attain a TP..

thanks again
Not a problem.. Yes, I do use MA's a lot. I am working on an education curriculum but I'm not finished just yet! I think you can find immediate information for MA's at www.babypips.com
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #6,887
  • Jul 27, 2010 10:27pm Jul 27, 2010 10:27pm
Quoting MarcVUM
Not a problem.. Yes, I do use MA's a lot. I am working on an education curriculum but I'm not finished just yet! I think you can find immediate information for MA's at www.babypips.com
what your own? thats awesome! and thanks will check it out again, didnt pay too much attention to that section when cruising through babypips..

cheers!
"Millionaires don't use astrology, billionaires do"
  • #6,888
  • Jul 27, 2010 10:34pm Jul 27, 2010 10:34pm
Arrrghhhhhhh.....

The way my Oanda charts are set-up, the windows are small and the kiwi and aud look almost identical.....I thought I was shorting the aud.....

I haven't made a blunder like that in ages
  • #6,889
  • Jul 27, 2010 10:41pm Jul 27, 2010 10:41pm
Quoting Low
Arrrghhhhhhh.....

The way my Oanda charts are set-up, the windows are small and the kiwi and aud look almost identical.....I thought I was shorting the aud.....

I haven't made a blunder like that in ages
Low, I did that one time with the Eur/USD and the EJ.. Ouch..... If we were perfect we'd be scary...
  • #6,890
  • Jul 27, 2010 11:05pm Jul 27, 2010 11:05pm
short g/u...went in a little heavy
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Annoying Precision
  • #6,891
  • Jul 27, 2010 11:10pm Jul 27, 2010 11:10pm
Inserted Video
Annoying Precision
  • #6,892
  • Jul 27, 2010 11:34pm Jul 27, 2010 11:34pm
Inserted Video
Annoying Precision
  • #6,893
  • Jul 27, 2010 11:46pm Jul 27, 2010 11:46pm
Quoting erikte279
http://www.youtube.com/watch?v=44A9iDQNrss
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #6,894
  • Jul 27, 2010 11:53pm Jul 27, 2010 11:53pm
30 pip drop and i'll have a peaceful easy breakeven feeling

Quoting MarcVUM
Annoying Precision
  • #6,895
  • Jul 28, 2010 12:42am Jul 28, 2010 12:42am
Good Luck
Annoying Precision
  • #6,896
  • Jul 28, 2010 6:15am Jul 28, 2010 6:15am
Morning guyssss


I see all my trades looks good
"Buy on fear, sell on greed !!!
  • #6,897
  • Jul 28, 2010 6:23am Jul 28, 2010 6:23am
Quoting Low
Arrrghhhhhhh.....

The way my Oanda charts are set-up, the windows are small and the kiwi and aud look almost identical.....I thought I was shorting the aud.....

I haven't made a blunder like that in ages
I have a list next to my screen which I have to go through... Did a couple of news mistakes in the past
  • #6,898
  • Jul 28, 2010 6:27am Jul 28, 2010 6:27am
Quoting erikte279
short g/u...went in a little heavy

Doesn't it look very bullish?

Do you look at H1 only?

cheers,
  • #6,899
  • Jul 28, 2010 9:21am Jul 28, 2010 9:21am
This is true.

I sometimes have a bad habit of "scenario planning" . I was anticipating a sell off to OR below monthly resistance (soon support) since this is the last trading week of the month. As we can see the market dosent prefer/ reward this kind of thinking.

I look at multiple timeframes.

Quoting Larseg
Doesn't it look very bullish?

Do you look at H1 only?

cheers,
Annoying Precision
  • #6,900
  • Jul 28, 2010 9:23am Jul 28, 2010 9:23am
Chart
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Annoying Precision
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