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Nearly Naked (Simple Trades)

  • #7,661
  • Aug 15, 2010 1:15am Aug 15, 2010 1:15am
  •  Oz4x
  • | Joined Oct 2009 | Status: "Everybody Wants Some!" - Roth | 76 Posts
and the D1.. interesting.
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  • #7,662
  • Aug 15, 2010 7:00am Aug 15, 2010 7:00am
does anyone trade gold?

strong LTL
  • #7,663
  • Aug 15, 2010 1:52pm Aug 15, 2010 1:52pm
Quoting nick7r
does anyone trade gold?

strong LTL
I don't see it. Chart please.
  • #7,664
  • Aug 15, 2010 2:43pm Aug 15, 2010 2:43pm
Quoting Low
Truthfully, there was another wedge on audcad that got broken to the downside last week, which I shorted, and paid for.

So be careful.
Thanks for the caution
May the pip flow with you
  • #7,665
  • Aug 15, 2010 7:53pm Aug 15, 2010 7:53pm
Quoting Low
I don't see it. Chart please.
correct me if im wrong, im learning
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  • #7,666
  • Edited 10:42pm Aug 15, 2010 8:15pm | Edited 10:42pm
  •  Oz4x
  • | Joined Oct 2009 | Status: "Everybody Wants Some!" - Roth | 76 Posts
Quoting Oz4x
4hr.. another possible short on a break of .8900, I'll keep my eye on this.
Took it... let's see how this plays out..

Final target 8650, with potential partials at 8850 and 8737.
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  • #7,667
  • Aug 15, 2010 8:19pm Aug 15, 2010 8:19pm
Quoting nick7r
correct me if im wrong, im learning
yep pretty strong TL
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #7,668
  • Aug 15, 2010 8:22pm Aug 15, 2010 8:22pm
Quoting Oz4x
Took it... let's see how this plays out..

Final target 8650, with potential partials at 8850 and 8737.
I shorted AU as well. Lets see how deep this submarine will go
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #7,669
  • Aug 15, 2010 8:38pm Aug 15, 2010 8:38pm
A/U.
Look at where it's at...back to the 8850 area...strong support.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,670
  • Aug 15, 2010 8:45pm Aug 15, 2010 8:45pm
  •  Oz4x
  • | Joined Oct 2009 | Status: "Everybody Wants Some!" - Roth | 76 Posts
Quoting MarcVUM
A/U.
Look at where it's at...back to the 8850 area...strong support.
Yes, decent bounce off there first up.. might be another bit of a fight..
  • #7,671
  • Aug 15, 2010 8:53pm Aug 15, 2010 8:53pm
Just took a long on u/j. 4H support
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Annoying Precision
  • #7,672
  • Aug 15, 2010 8:54pm Aug 15, 2010 8:54pm
Gonna be training my buddy for his upcoming pro mma cage fight . Should be fun
Annoying Precision
  • #7,673
  • Aug 15, 2010 8:54pm Aug 15, 2010 8:54pm
Quoting Oz4x
Yes, decent bounce off there first up.. might be another bit of a fight..
Also, there seems to be some divergence down here.

Edit: Sorry, I guess this would be convergence.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,674
  • Aug 15, 2010 9:06pm Aug 15, 2010 9:06pm
Quoting MarcVUM
Also, there seems to be some divergence down here.
Edit: Sorry, I guess this would be convergence.
I might also mention that it did hit the 365ma on H2 and almost hit the 200sma on H4. I'm going to let it sort it's self out for the next few hours while I sleep. Will be back around 4:30 or 5am est. Seeya.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,675
  • Aug 15, 2010 9:46pm Aug 15, 2010 9:46pm
Yes Marc I like that pos div on the 4h and the 1h has it as well. Ideally I would like to see it play around that last resistance of 5922 and then retest that recent fail of the fibs around 8855 and that way we can tighten our stops. A nice DB is in order. Exciting day of trading we hope.
  • #7,676
  • Aug 15, 2010 9:55pm Aug 15, 2010 9:55pm
Right on the money : http://www.forexfactory.com/showpost...postcount=7500
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  • #7,677
  • Aug 15, 2010 10:01pm Aug 15, 2010 10:01pm
Saxon any thoughts on how this should play out with s/r levels and div where they are all at? Just wondering.
  • #7,678
  • Aug 15, 2010 11:20pm Aug 15, 2010 11:20pm
Quoting Josh44
Saxon any thoughts on how this should play out with s/r levels and div where they are all at? Just wondering.
Hey Josh,
Sorry for the late response. I was away from the desk. I will pull up my Piv/SR chart and shoot a post back in a sec....
  • #7,679
  • Aug 15, 2010 11:35pm Aug 15, 2010 11:35pm
Quoting Saxon
Hey Josh,
Sorry for the late response. I was away from the desk. I will pull up my Piv/SR chart and shoot a post back in a sec....
Hey Josh,
For this trade, for me, I was just looking for a 25 pip SL and 50 target for either a trail to be set or a decrease in position size. The entry was on the blue line for that setup. Since 50 pips in the green has already been hit. I would set my trail for + some pips or take partial profit. This trade returned 2X the risk so far. The divergence (MACD) shows significance on H1, but not much else. however, when you pull out your chart frame, you can see that this was a significant price many times in the past and has caused some serious friction. PA could come back near entry and consolidate before another north move, hence the partial TP or a trail. I personally am bullish and think that this is just the end of a correction (daily chart). But the trade is just a bounce off the blue SR and wasn't meant to be LT. Will re-assess when London has been on for a few hours. But I am bullish now.
  • #7,680
  • Aug 16, 2010 12:36am Aug 16, 2010 12:36am
  •  Oz4x
  • | Joined Oct 2009 | Status: "Everybody Wants Some!" - Roth | 76 Posts
Quoting Saxon
Hey Josh,
For this trade, for me, I was just looking for a 25 pip SL and 50 target for either a trail to be set or a decrease in position size. The entry was on the blue line for that setup. Since 50 pips in the green has already been hit. I would set my trail for + some pips or take partial profit. This trade returned 2X the risk so far. The divergence (MACD) shows significance on H1, but not much else. however, when you pull out your chart frame, you can see that this was a significant price many times in the past and has caused some serious friction....
Always interested in your comments Saxon .. my short from 8900 only got 1/3 at 8861 rest stopped out at b/e. Small profit but profit nonetheless.

I'm neutral on AUD atm.. let's see what London brings.
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