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Nearly Naked (Simple Trades)

  • #7,681
  • Aug 16, 2010 12:55am Aug 16, 2010 12:55am
Thanks Saxon. Great to see someone as smart as yourself have similar ideas. Thank you for taking the time to respond.

  • #7,682
  • Aug 16, 2010 2:32am Aug 16, 2010 2:32am
  •  Oz4x
  • | Joined Oct 2009 | Status: "Everybody Wants Some!" - Roth | 76 Posts
Quoting MarcVUM
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.
Given the weight of evidence..that's why I took partials down there a bit earlier than planned.. would have ended up with squat on this one otherwise.. cheers..
  • #7,683
  • Aug 16, 2010 5:27am Aug 16, 2010 5:27am
I opened 2 buy positions on EURUSD we will see,Total risk 2.5 % of balance...I was waiting for this last week and now i see good retrace point,i took 2 positions in case that euro broke my RES and if that hapen my second position will run good,also posible HSS Formation creation now we will see...



Cheers and happy trading






Petar
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"Buy on fear, sell on greed !!!
  • #7,684
  • Aug 16, 2010 11:03am Aug 16, 2010 11:03am
[quote=Saxon;3949795]Hey Josh,
...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...quote]

Came back toward entry then headed back north
Hope all your trades are going well, miss trading with you guys, been super busy lately though Trying to stop in as much as I can.
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  • #7,685
  • Aug 16, 2010 11:05am Aug 16, 2010 11:05am
Quoting Oz4x
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.
Hey Oz4x,
Wish my wife was as interested in my comments as you haha, just kidding. Glad to have you with the thread
  • #7,686
  • Aug 16, 2010 11:07am Aug 16, 2010 11:07am
Quoting Josh44
Thanks Saxon. Great to see someone as smart as yourself have similar ideas. Thank you for taking the time to respond.

No Problem! It's always fun sharing analysis and what not There are others far smarter than me in here though, but thanks for the kind comment
  • #7,687
  • Aug 16, 2010 12:49pm Aug 16, 2010 12:49pm
GU buy zone worked well too...As soon as PA went into blue, was the signal. Here was the post a while back : http://www.forexfactory.com/showpost...postcount=7501
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  • #7,688
  • Aug 16, 2010 12:53pm Aug 16, 2010 12:53pm
For AU, be aware of "00" 90 and SR confluence
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  • #7,689
  • Aug 16, 2010 12:55pm Aug 16, 2010 12:55pm
Stepping off my desk, be back for Asia
  • #7,690
  • Aug 16, 2010 1:04pm Aug 16, 2010 1:04pm
Does it seem like the dollar majors are all lining up to do the same thing i.e dollar strengthen? I don't like to assume ever that pairs will correlate even if they are better than 80%. However, at this time it does seem as if EU GU want to drop with the lower highs and UJ still has that daily div that I really think should kick in for 300+. The Swiss is really bottomed. You cold play a tight stop on that long or play the break which would eventually create some nice daily div. Either way interesting trade setups. I am still long with UJ and up so my stop is BE. Like Red I like a long on any further pull. Weekly GU candle was really bearish so this is our chance to play that retrace. What do you all think?

http://cdn.forexfactory.com/images/misc/progress.gif

  • #7,691
  • Aug 16, 2010 2:46pm Aug 16, 2010 2:46pm
Is anyone watching this on higher TF? Well, if not the 3h just laid a nice pb after a retrace after a bearish weekly candle. Kind of nice. 4h did the same. We must be aware of the recent strong uptrend. It is retracing right now and stalled at the 23 which isn't special, it is just giving it resistance. If it breaks that we could see it down to the 50 fibs which are around 9160 and 9010 based on the recent daily trends. I decided to take it based on the double top it laid at a weekly PP on 4h. I moved SL to BE. If this weekly bear candle actually plays out it could go for 150. It isn't a risky trade based on RR. Pretty tight stop because of topping out. Just something to watch.
  • #7,692
  • Aug 16, 2010 3:19pm Aug 16, 2010 3:19pm
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Red
  • #7,693
  • Aug 16, 2010 8:00pm Aug 16, 2010 8:00pm
A/U. We've got a bit of a triangle formed here... news in 30 min. will probably knock it one way or another.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,694
  • Aug 16, 2010 8:08pm Aug 16, 2010 8:08pm
Quoting MarcVUM
A/U. We've got a bit of a triangle formed here... news in 30 min. will probably knock it one way or another.
I think i see my pattern on you chart


Marc come on my new thread on trading systems about Candle formation i want to test with you guys



Cheers
"Buy on fear, sell on greed !!!
  • #7,695
  • Aug 16, 2010 8:13pm Aug 16, 2010 8:13pm
Quoting MarcVUM
A/U. We've got a bit of a triangle formed here... news in 30 min. will probably knock it one way or another.

i saw this too marc

what else will you look for here?
  • #7,696
  • Aug 16, 2010 8:17pm Aug 16, 2010 8:17pm
Quoting nick7r
i saw this too marc
what else will you look for here?
Seems to be breaking out ahead of news.... standing to the side for the moment.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,697
  • Aug 16, 2010 8:34pm Aug 16, 2010 8:34pm
Quoting MarcVUM
Seems to be breaking out ahead of news.... standing to the side for the moment.
Hmm. Not the reaction I was looking for. Good night folks.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,698
  • Aug 16, 2010 10:04pm Aug 16, 2010 10:04pm
AU WP. Still seems to be bullish. FF is getting lonely now........
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  • #7,699
  • Aug 16, 2010 10:07pm Aug 16, 2010 10:07pm
Off topic, but here are two books that I took off the shelf and am reading in my spare time and they are really really good. Still, I have not found a really good book on Structured Products. If anyone out there can think of one, let me know.
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  • #7,700
  • Aug 16, 2010 10:10pm Aug 16, 2010 10:10pm
Good morning/afternoon/evening Saxon

what is your prognosis on EU, I'm waiting to short it at 1.292ish with a J16group stuff entry
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
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