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Nearly Naked (Simple Trades)

  • #6,941
  • Jul 29, 2010 1:37pm Jul 29, 2010 1:37pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Petar_Serbia
HEllo guys,

This is my update for EURUSD chart

Current +320

Cheers
Hi Petar, Nice trade. I also do still hold my Long from 1.2810.
Needed a lil patience but seems we finally cracked that strong 1.30 resistance and will see a daily close above (day is not over yet but I think it looks good )

1.31 brought us the next lil bounce now. lets see how long it will hold.
Willing to hold that trade still a bit longer. but you never know!
"Blue Horseshoe loves Anacott Steel!"
  • #6,942
  • Jul 29, 2010 2:02pm Jul 29, 2010 2:02pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Petar_Serbia
I opened another gbpchf trade,i didnt expect this down but i still trade my plan add one small position +1 % risk from my balance


Cheers

Petar
Ya. it was a hard drop today. Had placed a PO a lil lower actually. But entered a long manually @ 1.6225.
Looking for yesterday's highs once again.
But with GBP/USD facing a strong resistance now I am a bit cautious about that trade. Gonna save it at BE soon I think.
May the pips be with us
Attached Image(s) (click to enlarge)
Click to Enlarge Name: g_chf.gif Size: 17 KB
Click to Enlarge Name: gu_weekly.gif Size: 14 KB
"Blue Horseshoe loves Anacott Steel!"
  • #6,943
  • Jul 29, 2010 2:04pm Jul 29, 2010 2:04pm
Quoting Tuner
Hi Petar, Nice trade. I also do still hold my Long from 1.2810.
Needed a lil patience but seems we finally cracked that strong 1.30 resistance and will see a daily close above (day is not over yet but I think it looks good )

1.31 brought us the next lil bounce now. lets see how long it will hold.
Willing to hold that trade still a bit longer. but you never know!
Yea tnx Tuner

FOr PIPS
"Buy on fear, sell on greed !!!
  • #6,944
  • Jul 29, 2010 2:06pm Jul 29, 2010 2:06pm
Quoting Tuner
Ya. it was a hard drop today. Had placed a PO a lil lower actually. But entered a long manually @ 1.6225.
Looking for yesterday's highs once again.
But with GBP/USD facing a strong resistance now I am a bit cautious about that trade. Gonna save it at BE soon I think.
May the pips be with us
GBPCHF tried to close my SL but no no i now CHF will go down to 61.8 or 50 second way we seen today and now i expext UP to my TP i think next week or maybe tomorow if Market decide on that way


Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfupdate.gif Size: 29 KB
"Buy on fear, sell on greed !!!
  • #6,945
  • Jul 29, 2010 2:12pm Jul 29, 2010 2:12pm
Quoting Tuner
Ya. it was a hard drop today. Had placed a PO a lil lower actually. But entered a long manually @ 1.6225.
Looking for yesterday's highs once again.
But with GBP/USD facing a strong resistance now I am a bit cautious about that trade. Gonna save it at BE soon I think.
May the pips be with us
For Cable i posted my view few times this week...Main Res for me around 1.5700-1.5800 till than i am bulish.I saw many guys from Cable thread took sell positions but i think they are wrong but everyone has own charts and own style of trading i respect all traders...


Cheers and trade safe >


Petar
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdupdate.gif Size: 27 KB
"Buy on fear, sell on greed !!!
  • #6,946
  • Jul 29, 2010 2:31pm Jul 29, 2010 2:31pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Petar_Serbia
For Cable i posted my view few times this week...Main Res for me around 1.5700-1.5800 till than i am bulish.I saw many guys from Cable thread took sell positions but i think they are wrong but everyone has own charts and own style of trading i respect all traders...

Cheers and trade safe >
Petar
Ya. Cable might still have a lil more room. But 1.57/58 should be a hard nut then
Well..it all depends on the timeframe you are trading.
Nice scalp/intraday possibilities can be found in both directions all day.
different styles, strategies, charts..
As long as you find a strategy that works for you and use proper money-management everything is fine.
--- Everyone is fighting for pips, but with different weapons ---
"Blue Horseshoe loves Anacott Steel!"
  • #6,947
  • Jul 29, 2010 2:38pm Jul 29, 2010 2:38pm
Quoting Tuner
Ya. Cable might still have a lil more room. But 1.57/58 should be a hard nut then
Well..it all depends on the timeframe you are trading.
Nice scalp/intraday possibilities can be found in both directions all day.
different styles, strategies, charts..
As long as you find a strategy that works for you and use proper money-management everything is fine.
--- Everyone is fighting for pips, but with different weapons ---
I agree but just 3 % of traders are succesfull ...That is point...Many of them dont want to sacraface time to become a profesional trader.


This is rules for new traders they must respect >

The 10 Rules:
Never Let a Winner Turn Into a Loser
Logic Wins, Impulse Kills
Never Risk More Than 2% per Trade
Always Pair Strong With Weak
Being Right but Being Early Simply Means That You Are Wrong
Know the Difference Between Scaling In and Adding to a Loser
What is Mathematically Optimal Is Psychologically Impossible
Risk Can Be Predetermined, but Reward Is Unpredictable
No Excuses, Ever


Cheers
"Buy on fear, sell on greed !!!
  • #6,948
  • Jul 29, 2010 4:58pm Jul 29, 2010 4:58pm
Quoting Petar_Serbia
I agree but just 3 % of traders are succesfull ...That is point...Many of them dont want to sacraface time to become a profesional trader.


This is rules for new traders they must respect >

The 10 Rules:
Never Let a Winner Turn Into a Loser
Logic Wins, Impulse Kills
Never Risk More Than 2% per Trade
Always Pair Strong With Weak
Being Right but Being Early Simply Means That You Are Wrong
Know the Difference Between Scaling In and Adding to a Loser
What is Mathematically Optimal Is Psychologically Impossible
Risk...
I like that one
  • #6,949
  • Jul 29, 2010 7:17pm Jul 29, 2010 7:17pm
Marc/Amy

Are these long positions short term?
  • #6,950
  • Jul 29, 2010 7:25pm Jul 29, 2010 7:25pm
Quoting nick7r
Marc/Amy

Are these long positions short term?
I don't have any long positions on at the moment. I would be cautious taking longs today dx is sitting on a lot of support.
  • #6,951
  • Jul 29, 2010 8:23pm Jul 29, 2010 8:23pm
I took buy Cable at 1.5600 TP 1.5700 I hope i can see that price tomorow...Cheers






Good night
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdtrade.gif Size: 27 KB
"Buy on fear, sell on greed !!!
  • #6,952
  • Jul 29, 2010 8:31pm Jul 29, 2010 8:31pm
Quoting nick7r
Marc/Amy
Are these long positions short term?
I too do not have any positions open at the moment. If I do trade it will be very early tomorrow morning after London open for scalps only.

On the Daily TF we are so so close to the UTL and with the doji a couple of days ago I wouldn't be surprised to see it move a lot lower now...this sentiment is also due to the fact that the RBA is not expected to raise rates for many months.

On the M15 TF you can see the UTL from the Daily TF as well as the LTL starting from a couple of weeks ago... It will have to go up or down since one of the TL's will be broken..I just don't know which one although I am leaning towards Down.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au.jpg Size: 119 KB
Click to Enlarge Name: au2.jpg Size: 133 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #6,953
  • Jul 30, 2010 4:12am Jul 30, 2010 4:12am
A/U. 7 hours since the last post and the descending triangle within the uptrend is still developing but almost to a breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 151 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #6,954
  • Jul 30, 2010 5:04am Jul 30, 2010 5:04am
A/U. Ok, mission 1 completed...it has closed below the descending triangle support on H1 but now it has to get through the LTL that has been established over a 2 week period.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 176 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #6,955
  • Jul 30, 2010 6:01am Jul 30, 2010 6:01am
Quoting MarcVUM
A/U. Ok, mission 1 completed...it has closed below the descending triangle support on H1 but now it has to get through the LTL that has been established over a 2 week period.
Mission 1 completed so I thought! It's amazing how this pair is holding up...
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #6,956
  • Jul 30, 2010 8:47am Jul 30, 2010 8:47am
Quoting MarcVUM
Mission 1 completed so I thought! It's amazing how this pair is holding up...
Yeah LTL holding up firmly.
My UTL from daily chart and H1 LTL is creating a converging triangle.
Will wait and see whether it breakout from the top or bottom...

Marc, you don't usually trade on a Friday do you? Very quiet in here...
Attached Image (click to enlarge)
Click to Enlarge Name: au 30 jul.gif Size: 17 KB
  • #6,957
  • Jul 30, 2010 8:54am Jul 30, 2010 8:54am
Quoting GoldenGold
Yeah LTL holding up firmly.
My UTL from daily chart and H1 LTL is creating a converging triangle.
Will wait and see whether it breakout from the top or bottom...

Marc, you don't usually trade on a Friday do you? Very quiet in here...
Yeah, I have the same converging triangle as you right now.
No, I decided to quit trading on Fridays after 9am est. I've gotten onto a good routine trading everyday from 4:30am - 9am est...it's working out fairly well.
No more Freaky Friday's for me!

I was able to pull a couple of good scalps out of A/U early this morning. So I am done for the week!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #6,958
  • Jul 30, 2010 9:03am Jul 30, 2010 9:03am
Quoting MarcVUM
Yeah, I have the same converging triangle as you right now.
No, I decided to quit trading on Fridays after 9am est. I've gotten onto a good routine trading everyday from 4:30am - 9am est...it's working out fairly well.
No more Freaky Friday's for me!

I was able to pull a couple of good scalps out of A/U early this morning. So I am done for the week!
Nice one, totally agree Friday is always unusual and unpredictable.
But sometimes it offers great volatility for scalping.

Looks like news is good for risk currency.
  • #6,959
  • Jul 30, 2010 10:07am Jul 30, 2010 10:07am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting MarcVUM
Yeah, I have the same converging triangle as you right now.
No, I decided to quit trading on Fridays after 9am est. I've gotten onto a good routine trading everyday from 4:30am - 9am est...it's working out fairly well.
No more Freaky Friday's for me!

I was able to pull a couple of good scalps out of A/U early this morning. So I am done for the week!
Hi there Marc,
Hope you are doin fine... Another freaky Friday it is /was.
I got back into my AU Long yesterday after we bounced from that LTL.
Bounced nicely but a hard pullback then.
Seems that LTL did hold once again and provided another bounce up to the previous highs @ weekly R1.
So lots of scalp possibilities for you I am sure

We didn't make a new high now. Could be topping out here.
Bearish Div. on H4 as well.
Maybe I should have cashed in here..
but that LTL looks really strong (for now)
Attached Image (click to enlarge)
Click to Enlarge Name: au_00.gif Size: 22 KB
"Blue Horseshoe loves Anacott Steel!"
  • #6,960
  • Jul 30, 2010 11:14am Jul 30, 2010 11:14am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Petar_Serbia
I took buy Cable at 1.5600 TP 1.5700 I hope i can see that price tomorow...Cheers
Good night

Congrats Petar,
Think that one worked out nicely for you.
My GBPCHF does also look good now.
Tested that support again and again before finally turning up.
Saved @ BE now..

Hope it didn't hit your SL before heading up.
Attached Image (click to enlarge)
Click to Enlarge Name: gchf.gif Size: 17 KB
"Blue Horseshoe loves Anacott Steel!"
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