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Nearly Naked (Simple Trades)

  • #7,441
  • Aug 10, 2010 2:56pm Aug 10, 2010 2:56pm
Quoting redsword11
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Hourly view, bullish reaction


Awaiting entry




Red


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In long
  • #7,442
  • Aug 10, 2010 3:05pm Aug 10, 2010 3:05pm
My UCAD SL got hit after fomc news, 1:14 RRR
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #7,443
  • Aug 10, 2010 4:08pm Aug 10, 2010 4:08pm
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  • #7,444
  • Aug 10, 2010 4:21pm Aug 10, 2010 4:21pm
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Red Bull
  • #7,445
  • Aug 10, 2010 7:07pm Aug 10, 2010 7:07pm
Quoting redsword11
Attachment



In long


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Good clean bullish reaction, conservative tg below highs




Red
  • #7,446
  • Aug 10, 2010 7:46pm Aug 10, 2010 7:46pm
Quoting redsword11
Attachment



Good clean bullish reaction, conservative tg below highs




Red



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  • #7,447
  • Aug 10, 2010 8:31pm Aug 10, 2010 8:31pm
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Red
  • #7,448
  • Aug 10, 2010 9:42pm Aug 10, 2010 9:42pm
Your templates are more difficult to discern. Whats wrong with white?


Quoting redsword11
Attachment

Attachment




Red
Annoying Precision
  • #7,449
  • Aug 10, 2010 10:33pm Aug 10, 2010 10:33pm
Hey crew. How is everyone feeling with sentiment? I am feeling long because of a few things. The weekly is still bullish. The daily threw a nice candle for long. It also retraced to 23 fib based off of the last retrace on the daily. It is about to fail the weekly PP twice on the 4h. No great candles there. 3h on my Oanda chart has a nice pb. The hourly is where I went long at 9075 with a nice pb. Overall I like the trade and if you like the long as well what are we thinking about that TP? Are we liking the 9340 area? There is a weekly PP at 9322 area.
  • #7,450
  • Aug 10, 2010 11:31pm Aug 10, 2010 11:31pm
Hey all

Alot of my trading is based on s/r, candles and multiple time frames, I don't use any indicators because they've never seemed to have worked for me. I entered this trade on the 9th august 2010 as their wasn't any news to come out, where you see the cross hair i had a market order in their to sell at 1.3260 below support and one above the resistance, as you can see the market order to short was hit.

Trailing stop loss of 40pips

if you look at both the 2 hour and 30 min chart posted they both seemed to form the same pattern, so a couple of market orders above resistance and below support should do well

I always try and get a 2:1 return on my trade, i already had a market order in to close my position when the market it my 80 pip target.

Open Time: 09/08/10 12:00 uk time
Position closed at: 1.3177
Closed date: 10/08/10 3:30uk time
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  • #7,451
  • Aug 10, 2010 11:41pm Aug 10, 2010 11:41pm
I'm kind of surprised to see A/U holding up so well at the moment with overnight indices dropping. DXY should be gaining strength now causing A/U to drop. SPX should also see another drop at NY open which should drag the A/U down. That yellow dashed LTL there is quite strong as time has shown over the past year. My next TP is 9030ish
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,452
  • Aug 10, 2010 11:50pm Aug 10, 2010 11:50pm
Hmmm!

Low, are you short U/CAD again?? Looks like a nice place to enter a new position.

USO was gaining as the DXY was losing and now it seems that the tables on both are turning. USO should lose with U/CAD while DXY rises.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,453
  • Aug 11, 2010 12:03am Aug 11, 2010 12:03am
Quoting MarcVUM
Hmmm!

Low, are you short U/CAD again?? Looks like a nice place to enter a new position.
Yep.

It's running against me as I write. If the triangle plays out it's an 850 pip play. If not it's a 1% loss.
  • #7,454
  • Aug 11, 2010 12:06am Aug 11, 2010 12:06am
Quoting Low
Yep.

It's running against me as I write. If the triangle plays out it's an 850 pip play. If not it's a 1% loss.
hahaha Kind of strange tonight that the USD is gaining after the FOMC had it falling rapidly. I'm just sitting here playing candle sticks with the Stochs on M30 right now.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,455
  • Aug 11, 2010 12:08am Aug 11, 2010 12:08am
Quoting MarcVUM
hahaha Kind of strange tonight that the USD is gaining after the FOMC had it falling rapidly. I'm just sitting here playing candle sticks with the Stochs on M30 right now.
The hardest is part is that someone else I really respect is long...and has equal patience. One of us will be right or wrong by tomorrow I suspect.
  • #7,456
  • Aug 11, 2010 12:14am Aug 11, 2010 12:14am
Quoting Low
The hardest is part is that someone else I really respect is long...and has equal patience. One of us will be right or wrong by tomorrow I suspect.
I believe that Mr. Nial Fuller is long at the PB a couple of days ago...

Looking at the oil contracts in the future months they are pointing higher which scares me about going short on U/CAD. Got to love it when commodities rise in price while Jobs in the U.S. aren't growing and neither are wages! Consumer confidence can only go lower!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,457
  • Aug 11, 2010 12:23am Aug 11, 2010 12:23am
Any bond traders out there?? Yields seem to keep going down and gold looks to keep going up!
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,458
  • Aug 11, 2010 1:27am Aug 11, 2010 1:27am
I love it when a plan comes together.

2 of 4 TP's hit.

That was some nice divergence along with the LTL break!
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,459
  • Aug 11, 2010 2:31am Aug 11, 2010 2:31am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting MarcVUM
I love it when a plan comes together.

2 of 4 TP's hit.

That was some nice divergence along with the LTL break!

I love it when a plan comes together. hehe
Sweet. I am already completely out now: R>S around .9040 was the last target for me.
"Blue Horseshoe loves Anacott Steel!"
  • #7,460
  • Aug 11, 2010 5:01am Aug 11, 2010 5:01am
hey guys

just got back from holidays

been trying to keep up
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