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No brainer fundamental trades 55 replies

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No Brainer Trades

Took a short this morning +21 Pips.

There was a chance to reenter another short trade but i didnt take.
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I'd like to ask for some information.

I read James16 thread and the technique their teach there looks like similar to this but with more emphasis on bar patterns.

Now, I'd be interested in seeing information here but unlike in James16 there's 1/10 of the readers and those who write seem to lose money all quite often.

What gives? I'd really appreciate simplest approach but does this work for someone with proven continuity here?
Quoting dfumagalli
I'd like to ask for some information.

I read James16 thread and the technique their teach there looks like similar to this but with more emphasis on bar patterns.

Now, I'd be interested in seeing information here but unlike in James16 there's 1/10 of the readers and those who write seem to lose money all quite often.

What gives? I'd really appreciate simplest approach but does this work for someone with proven continuity here?
Try this:

http://www.nobrainertrades.com/searc...ing%20Strategy
so are you saying then that 9 out of 10 in this thread do make money and in james16' thread they do not? or are you saying 9 out of 10 in james' thread do make money and people in this thread do not?

im sorry, im confused. can you please explain a little bit more?


Quoting dfumagalli
I'd like to ask for some information.

I read James16 thread and the technique their teach there looks like similar to this but with more emphasis on bar patterns.

Now, I'd be interested in seeing information here but unlike in James16 there's 1/10 of the readers and those who write seem to lose money all quite often.

What gives? I'd really appreciate simplest approach but does this work for someone with proven continuity here?
Man, this thread is dead. Here is my last pic of today´s day.

+50 Pips
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why is this thread so dead?
Quoting qwertymyfx
why is this thread so dead?
Because i´m the only one posting trade examples. No discussion about trading opportunities.
Quoting qwertymyfx
why is this thread so dead?
Active followers chat on http://www.nobrainertrades.com/searc...rTrades%20Chat, but many of them are not "fundamentalists" of no brainer trade method.
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There is a possibility that it might break but still, i expect some reaction.
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Down trend line is broken. I want to see price action before setting orders. long or short on those levels.
I like this long set up as well for going long if it retraces there.

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Quoting shiko
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regarding shorting this set up. I do not like this consolidation just below. I think it will not be a mere touch. If it holds, I still think there will be some violation.
Anyway, I like to go short from this level as it was a very strong support.
Quoting Wallboroff
Man, this thread is dead. Here is my last pic of today´s day.

+50 Pips
Your approach looks very interesting. You use a lot of trend lines for these small price trends and their intersections to determine your entries.
Short trade setting up at x - 9012
Stop at y - 9045
Target is z - 8961

Add a few pips to stop to cover slight overshoot and crim spread.

RR is about 1.5:1

4H chart

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If price hits z before it hits x then trade setup is invalidated.
I think that most high probability set up is on Aud/ USd chart. Eur/ Jpy, I have some more ideas. Generally the pair is in down trend even on daily.
So, I always try to enter with a trend. On the other hand this consolidation just below previous support really looks nasty. Usually such consolidations leads to violations or breakouts. if price retraces to below support, it is interesting to see if it holds. if not, it might be another shorting opportunity. I have Oaqnda account, so, I will be able to see price action before MT4 brokers open at 5:00 p.pm EST Sunday

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Aussie below.

Daily chart shows uptrend since double bottom at start of June.

Three days ago saw a perfect bounce off of fib target where shorts took profit.
Should be on the way to hit the middle trend line again.

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Quoting shiko
I think that most high probability set up is on Aud/ USd chart. Eur/ Jpy, I have some more ideas. Generally the pair is in down trend even on daily.
So, I always try to enter with a trend. On the other hand this consolidation just below previous support really looks nasty. Usually such consolidations leads to violations or breakouts. if price retraces to below support, it is interesting to see if it holds. if not, it might be another shorting opportunity. I have Oaqnda account, so, I will be able to see price action before MT4 brokers open at 5:00...

I am not currently using Oanda, but thinking about it since I like their spreads most of the time. On the other hand, you do not need to be using Oanda to get the live weekend prices. FxStreet offers streaming prices for all pairs all the time, including the weekend. Since my broker does not open until 5PM eastern US time, of course, there is not much that I can do about it, but the Oanda spreads when there is very little volume are too high anyway.
Quoting kDBurga
Aussie below.

Daily chart shows uptrend since double bottom at start of June.

Three days ago saw a perfect bounce off of fib target where shorts took profit.
Should be on the way to hit the middle trend line again.

Attachment

Ths is just a different way of looking at the problem.

There is a clear break of the recent trendline and there are 2 obvious targets, .9075-8 and if it gets past that resistance then the next target would be .9221.

The price bounced off the 50 fib from the recent move up and is currently sitting at the 23.6 fib which might act as resistance.

I intend to go long but not until after it clears the current fib level.
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