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Nearly Naked (Simple Trades)

  • #8,561
  • Sep 8, 2010 5:05am Sep 8, 2010 5:05am
Quoting MarcVUM
Ya, it's been tough. H4 hasn't shown any good setups for a while besides the wedge break but not much from it. Just been doing my usual scalps but I'd like a big one. Maybe we will get one with a break of this big triangle today.
havent been trading since late august, last weekend, my comp started freezing for like 2 minutes every 5 minutes... was driving me crazy (windows7)
then I downloaded windows xp, and was going to install that instead because I did some memory tests to try to find out whats wrong, and seemed to be the OS...

then the installation failed, and I was stuck, could not boot either xp nor vista, then the girl who I'm renting with gave me a cd with ubuntu, but I could not install that because it did not recognize my HDD, for 1 and half day I was trying a lot of things, booting off the live ubuntu cd to access the internet, then trying to find out whats wrong with windows. Then I asked my mom to come by with her vista disk, and I managed to install that, but did not get further than the login screen because of glitches, could not repair. But could how ever format my drive. And so I did that and installed vista again and got into the computer, but it was missing some win32.dll files so I could not yet access my internet, so I had to frequently boot ubuntu to access the internet while I solved the glitch problem because it did not work repairing it, and also the freezing continued... then late on the 3rd night breakthrough!!!!
What I had to do to fix the freezing problem to begin with was to move the yellow HDD chord from SATA1, to SATA2........... I HATE COMPUTER PROBLEMS.

but yeah, I'm working on installing the drivers, and whatnot, also need to set up my charts again.
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #8,562
  • Sep 8, 2010 5:11am Sep 8, 2010 5:11am
Quoting s2659
havent been trading since late august, last weekend, my comp started freezing for like 2 minutes every 5 minutes... was driving me crazy (windows7)
then I downloaded windows xp, and was going to install that instead because I did some memory tests to try to find out whats wrong, and seemed to be the OS...

but yeah, I'm working on installing the drivers, and whatnot, also need to set up my charts again.
I don't miss doing that stuff for a living!! It's job security but man does it suck! I can definitely understand the frustration especially when you don't have access to the internet!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,563
  • Sep 8, 2010 5:14am Sep 8, 2010 5:14am
A/U may break that UTL right now... only the upper BB not supporting such a move.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 213 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,564
  • Sep 8, 2010 5:29am Sep 8, 2010 5:29am
Quoting MarcVUM
A/U may break that UTL right now... only the upper BB not supporting such a move.
yah, last time I 'knew', isnt the AU still in a long term pennant? could be good resistance on the UTL, it could also break hard.
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #8,565
  • Sep 8, 2010 5:59am Sep 8, 2010 5:59am
Hi everyone

at GU we are near downtrend trendline area, we've got a previous tops near here too. So i'm thinking about SHORT here with SL beyond 1,55.

http://a.imageshack.us/img265/1125/gbpusd08092010.jpg
  • #8,566
  • Sep 8, 2010 8:19am Sep 8, 2010 8:19am
thanks god
For
green pip


http://fx-arabia.com/vb/uploaded/964_11283951565.png
GREENIUS
  • #8,567
  • Sep 8, 2010 8:56am Sep 8, 2010 8:56am
Quoting greenius
thanks god
For
green pip


http://fx-arabia.com/vb/uploaded/964_11283951565.png

That looks good, but I don't like the spread I'm getting.
  • #8,568
  • Sep 8, 2010 9:03am Sep 8, 2010 9:03am
Quoting MarcVUM
A/U may break that UTL right now... only the upper BB not supporting such a move.
And there's the break!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au.jpg Size: 215 KB
Click to Enlarge Name: au2.jpg Size: 88 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,569
  • Sep 8, 2010 9:25am Sep 8, 2010 9:25am
I ended up going short on AUD/CAD
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-08-TOS_CHARTS3.png Size: 14 KB
  • #8,570
  • Sep 8, 2010 10:08am Sep 8, 2010 10:08am
morning all

MarcVUM
A/U may break that UTL right now... only the upper BB not supporting such a move.
And there's the break!

Nice foresight.
Is this break likely to reverse to the down side again ?
My 1 hr is setting up for a short again with if price is below the weekly ATR red line at 91.90 after RSI becomes overbought at 70.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd chart now.gif Size: 25 KB
  • #8,571
  • Sep 8, 2010 11:08am Sep 8, 2010 11:08am
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 89 KB


Looking for a short on AU if price action permits. Reaching previous resistance while completing a bearish harmonic pattern(sorry for the crude drawing) at a double top?

I'm a bit hesitant to enter with aussie unemployment numbers tonight and price testing outside the wedge marc has posted. We'll see what happens till NY close.
  • #8,572
  • Sep 8, 2010 11:15am Sep 8, 2010 11:15am
Quoting ianlikesgolf
Nice foresight.
Is this break likely to reverse to the down side again ?
My 1 hr is setting up for a short again with if price is below the weekly ATR red line at 91.90 after RSI becomes overbought at 70.
If price closes below the 9180 / UTL area then I would be concerned but price will most likely have a try at the previous highs around 9220 first. If it does reach that area then I will be locking in some profits and moving my S/L appropriately.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,573
  • Sep 8, 2010 12:46pm Sep 8, 2010 12:46pm
Quoting MarcVUM
If price closes below the 9180 / UTL area then I would be concerned but price will most likely have a try at the previous highs around 9220 first. If it does reach that area then I will be locking in some profits and moving my S/L appropriately.
Ian, if the yellow and black MA's cross here on the M15 then the breakout game is over.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 159 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,574
  • Sep 8, 2010 1:25pm Sep 8, 2010 1:25pm
Hi MarcVUM

I had jumped in too early.
Im learning the hard way to follow my rules.
I managed a break even on my first trade today as I was short from 90.68
before price went up to 91.90.
It tanked nicely at beige book news time.

Love to know the numbers of those all the MA lines on your chart.
Im keen to have a play with price action & the MAs.
Is yellow and black 150MA & 200MA ?

good night
now is 3.22am Japan
  • #8,575
  • Sep 8, 2010 1:30pm Sep 8, 2010 1:30pm
Ian,

I asked the same Q, so here ya go....


OK...the quote thingy didn't work right, so here's a copy 'n paste:

Hi Low. I've changed the ema's and sma's a little bit since last posting them a couple of months back but these are the current one's I used on all TF's. I've been quite successful with them and yes they work great on the H4 TF.

I like the 150/200 crossover; 21/35 crossover and you can even use the 8/8 crossover.... a lot has to be said for the other crossover like the 8/21 and 21/200. I really like it when the 21 crosses below the 35 and then right after the 150 crosses below the 200...I let it ride until a candle closes above the 35. Very profitable at times! The green 50's and 62 I use as a "fish net".

Anyways, here they are. let me know if you have any questions. I'd be glad to try and help or explain.

MOVING AVERAGES
8 EMA - RED
8 SMA - BLUE
21 EMA - YELLOW
35 SMA - BLACK
50 EMA - DARK GREEN
50 SMA - LIGHT GREEN
62 EMA - NEON GREEN
95 SMA - BLUE/PURPLE
150 EMA - HOT PINK/PURPLE
200 SMA - ORANGE
365 SMA - LIGHT PINK

BOLLINGER BANDS
ON ALL CHARTS - H4, H1, M15
LENGTH = 20
DISPLACE = 0
NUM DEV DN = -2.0
NUM DEV UP = 2.0
PRICE = CLOSE
COLOR = LIGHT BLUE

STOCHASTICS
ON H4 AND M15
OVERBOUGHT = 46.0
OVERSOLD = -46.0
PERCENT D LENGTH = 3
PERCENT K LENGTH = 5

SUPPORT & RESISTANCE LINES
ON ALL CHARTS - H4, H1, M15
USE DAILY AND WEEKLY LINES
THESE CHANGE REGULARLY - WEEKLY (EACH WEEK) DAILY (ABOUT 5PM EST)
  • #8,576
  • Sep 8, 2010 1:42pm Sep 8, 2010 1:42pm
[quote=Low;4008620]
I asked the same Q, so here ya go....
OK...the quote thingy didn't work right, so here's a copy 'n paste:

STOCHASTICS
ON H4 AND M15
OVERBOUGHT = 46.0
OVERSOLD = -46.0
PERCENT D LENGTH = 3
PERCENT K LENGTH = 5

Thanks Low. One thing I will mention about the Stochastics since I've been asked about it since then... It is a Stochastic Momentum Index indicator not the regular Stochastic indi that MT4 comes with...and the settings above work for ThinkorSwim platform. Since most guys/gals here use MT4 the settings are a little different. The indi I've attached should work just fine for MT4... Settings are:
Common Tab:
Allow DLL imports
Allow external experts imports
Fixed minimum -85
Fixed max 85
Inputs Tab:
Period_Q 5
Period_R 3
Period_S 3
Signal 5
Levels Tab
0, -46, 46

It should look like the MT4 chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 22 KB
Attached File(s)
File Type: mq4 SMI(2).mq4   4 KB | 273 downloads
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,577
  • Sep 8, 2010 1:49pm Sep 8, 2010 1:49pm
Here is a M15 chart showing how I use the crossovers.

Look for longs when the 150 is above the 200
Look for shorts when the 150 is below the 200
Use the other MA's to guide you in this process...
Of course keep your eye on the upper TF's and the Stochs.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 164 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,578
  • Sep 8, 2010 7:56pm Sep 8, 2010 7:56pm
Quoting MarcVUM
Here is a M15 chart showing how I use the crossovers.

Look for longs when the 150 is above the 200
Look for shorts when the 150 is below the 200
Use the other MA's to guide you in this process...
Of course keep your eye on the upper TF's and the Stochs.

hi marc

if its not to much trouble can you give me the corss overs you use for other TFs?

that be great
  • #8,579
  • Sep 8, 2010 8:36pm Sep 8, 2010 8:36pm
Quoting nick7r
hi marc

if its not to much trouble can you give me the corss overs you use for other TFs?

that be great
Nick, they are the same on all TF's.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,580
  • Sep 8, 2010 9:46pm Sep 8, 2010 9:46pm

http://smileys.smileycentral.com/cat/36/36_1_21.gif

Hi MarcVum & Low

Thankyou I apprecite you guys kindness to share & help.

I will try my best to learn to surf the waves of price action with the MA s.


http://smileys.smileycentral.com/cat/7/7_16_5.gifhttp://smileys.smileycentral.com/cat/15/15_5_18.gif

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