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Nearly Naked (Simple Trades)

  • #8,821
  • Sep 22, 2010 3:13pm Sep 22, 2010 3:13pm
Quoting MarcVUM
Seems to me that channel UTL has been tested and a retrace is due...at least to 9500 to retest the last breakout.
trying for 9400 on this one, I think it would break 9500. Am I being too optimistic on this Marc?
May the pip flow with you
  • #8,822
  • Sep 22, 2010 3:17pm Sep 22, 2010 3:17pm
Hello guys,

This is my AUDUSD view :I openet sell posiion from 0.9550 with SL 80 pips and potencial target 200 pips,we will see what will market decide


picture :
Attached Image (click to enlarge)
Click to Enlarge Name: forexfaktor.gif Size: 27 KB
"Buy on fear, sell on greed !!!
  • #8,823
  • Sep 22, 2010 4:17pm Sep 22, 2010 4:17pm
Quoting Flow
trying for 9400 on this one, I think it would break 9500. Am I being too optimistic on this Marc?
Hi Flow. Honestly I haven't even take a good short position yet. I still don't see a good candle on the H4. I can't believe this pair! I did grab 80 this afternoon after we hit 9600 but until I see that "perfect" candle on the H4 this is a tough call. 9500 should act as good support... the only other way I'll take a short is if the 150ema and 200sma on the M15 cross.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,824
  • Sep 22, 2010 4:17pm Sep 22, 2010 4:17pm
Quoting Petar_Serbia
Hello guys,

This is my AUDUSD view :I openet sell posiion from 0.9550 with SL 80 pips and potencial target 200 pips,we will see what will market decide
picture :
Petar. Zoom in and show me what you are seeing for your short.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,825
  • Sep 22, 2010 4:35pm Sep 22, 2010 4:35pm
Quoting MarcVUM
Petar. Zoom in and show me what you are seeing for your short.
Isnt problem,

Good TL and also FE 161.8 worth to try
Attached Image (click to enlarge)
Click to Enlarge Name: zoom.gif Size: 19 KB
"Buy on fear, sell on greed !!!
  • #8,826
  • Sep 22, 2010 4:35pm Sep 22, 2010 4:35pm
Quoting MarcVUM
Hi Flow. Honestly I haven't even take a good short position yet. I still don't see a good candle on the H4. I can't believe this pair! I did grab 80 this afternoon after we hit 9600 but until I see that "perfect" candle on the H4 this is a tough call. 9500 should act as good support... the only other way I'll take a short is if the 150ema and 200sma on the M15 cross.
Hey Flow...check out the chart. the yellow and red shading makes it easier to see what I'm looking at since I use so many damn MA's!
Look at the long wicked red candle at #1 and then look at #2. They look pretty similar don't they. The problem I see is that the yellow 21ema is still quite far away from the black 35sma. That's a problem for me. I want to see them closer to one another and price to be cooling off from its uptrend. Show me a candle and I'll be in with double barrels!
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 176 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,827
  • Sep 22, 2010 5:03pm Sep 22, 2010 5:03pm
Anyone thinking of long on this one?

Looks like a good long a the break of pin bar for the following reasons:

At a major support ....
price making higher lows .....
long exhaustion bar right at support ....
A potential IB forming on H4
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY.gif Size: 37 KB
  • #8,828
  • Sep 22, 2010 7:55pm Sep 22, 2010 7:55pm
Marc,
I don’t know if you have answered this before, but which ribbon are you using?
  • #8,829
  • Sep 23, 2010 5:28am Sep 23, 2010 5:28am
Quoting Peter-FX
Marc,
I don’t know if you have answered this before, but which ribbon are you using?
What do you mean by ribbon? MA?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,830
  • Sep 23, 2010 6:03am Sep 23, 2010 6:03am
Quoting MarcVUM
What do you mean by ribbon? MA?

Yes Marc, on the chart in your previous post you have an MA ribbon. I’ve looked at others but can’t get the transparent look you have.

  • #8,831
  • Sep 23, 2010 6:22am Sep 23, 2010 6:22am
Quoting Peter-FX
Yes Marc, on the chart in your previous post you have an MA ribbon. I’ve looked at others but can’t get the transparent look you have.
Remember that I use ThinkorSwim not MT4. Here is the code for ToS. I wish I knew how to program so that I could write the script for MT4 but may you can. If you do would you mind sharing. Cheers.

declare upper;
input price = close;
input displace = 0;

input EMALength1 = 9;
input EMALength2 = 35;

plot upper = ExpAverage(data = price[-displace], length = EMALength1);
upper.SetDefaultColor(Color.RED);
plot lower = ExpAverage(data = price[-displace], length = EMALength2);
lower.SetDefaultColor(Color.BLUE);
AddCloud(upper,lower);
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,832
  • Sep 23, 2010 6:33am Sep 23, 2010 6:33am
Quoting MarcVUM
Remember that I use ThinkorSwim not MT4. Here is the code for ToS. I wish I knew how to program so that I could write the script for MT4 but may you can. If you do would you mind sharing. Cheers.

declare upper;
input price = close;
input displace = 0;

input EMALength1 = 9;
input EMALength2 = 35;

plot upper = ExpAverage(data = price[-displace], length = EMALength1);
upper.SetDefaultColor(Color.RED);
plot lower = ExpAverage(data = price[-displace], length = EMALength2);
lower.SetDefaultColor(Color.BLUE);
AddCloud(upper,lower);

Thanks Marc, I’ll take a look.
  • #8,833
  • Sep 23, 2010 6:33am Sep 23, 2010 6:33am
Quoting MarcVUM
Remember that I use ThinkorSwim not MT4. Here is the code for ToS. I wish I knew how to program so that I could write the script for MT4 but may you can. If you do would you mind sharing. Cheers.

declare upper;
input price = close;
input displace = 0;

input EMALength1 = 9;
input EMALength2 = 35;

plot upper = ExpAverage(data = price[-displace], length = EMALength1);
upper.SetDefaultColor(Color.RED);
plot lower = ExpAverage(data = price[-displace], length = EMALength2);
lower.SetDefaultColor(Color.BLUE);
AddCloud(upper,lower);
Hi, Marc. So you use 9+35 EMA crosses? Are they reliable, or do you combine/confirm it with something else?

In addition, what do you think of ToS? A friend who used to trade for banks recommended it too. What are its advantages? Thanks.
  • #8,834
  • Sep 23, 2010 6:39am Sep 23, 2010 6:39am
Quoting Oshawa
Hi, Marc. So you use 9+35 EMA crosses? Are they reliable, or do you combine/confirm it with something else?

In addition, what do you think of ToS? A friend who used to trade for banks recommended it too. What are its advantages? Thanks.
No...I just put that up on my chart so that others get a better idea at what I'm looking at. I do not use the 9 and 35 ema's as floating S/R's. There are a few posts in this thread where I attached the MA's that I DO use. If you can't find them let me know and I'll re-post it.

ToS is fantastic but with CFTC changes in Oct I'm going to open a broker acct in another country so that I continue to use 1:100 leverage. I'm not willing to take a 50% pay cut because of the wankers in Congress!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,835
  • Sep 23, 2010 6:47am Sep 23, 2010 6:47am
I am considering a long position at WR1 which lines up with previous PA R and the 35sma on H4.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 199 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,836
  • Sep 23, 2010 6:51am Sep 23, 2010 6:51am
Current S&P 500 futures have us opening today right on previous R which could now be new S. I wouldn't be surprised to see us open on the lows and close higher for the day. NY boys are crafty like that!
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 108 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,837
  • Sep 23, 2010 7:18am Sep 23, 2010 7:18am
Marc,

Thanks. I found that post reposted by Low. I like MAs too, I guess it's sort of a personality thing. Thanks for sharing.
  • #8,838
  • Sep 23, 2010 7:22am Sep 23, 2010 7:22am
Quoting Oshawa
Marc,

Thanks. I found that post reposted by Low. I like MAs too, I guess it's sort of a personality thing. Thanks for sharing.
You got it! Let me know how they work for you. Takes some time to get the feel but they work for me...on A/U G/U E/U and U/J
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,839
  • Sep 23, 2010 3:16pm Sep 23, 2010 3:16pm
Quoting MarcVUM
Hey Flow...check out the chart. the yellow and red shading makes it easier to see what I'm looking at since I use so many damn MA's!
Look at the long wicked red candle at #1 and then look at #2. They look pretty similar don't they. The problem I see is that the yellow 21ema is still quite far away from the black 35sma. That's a problem for me. I want to see them closer to one another and price to be cooling off from its uptrend. Show me a candle and I'll be in with double barrels!
Marc, I admire your discipline. I'd be all over the place by now honestly. Have been pretty cautious on AU pipping small trades and tight TP's for some pennies. I guess you have knocked some sense into me regarding the PA. I'd be waiting for the big fat red candle soon. Possibly next week.

I have a feeling that AU has one last run before the correction. By the looks of the daily volume, there seems to be some plenty of early birds on the shorting wave.

It broke 9500 and found support at R2 daily at 9450 region right on the TL. I'm long on this final run to test 9650. Have a pending sell waiting up there. Lets see this crazy baby test 9520.

Bernanke and shirakawa speaks this Sat.

AUD JPY - would be a great cross pair

http://i932.photobucket.com/albums/a...g?t=1285272049



Petar! - Good to see you back. I'd be joining you "shortly".

Bernanke and Shirakawa speaks this Sat.

AUD JPY - would be a great cross pair for those who adores volatility trades.
May the pip flow with you
  • #8,840
  • Sep 23, 2010 3:24pm Sep 23, 2010 3:24pm
what's the best way to post images?
May the pip flow with you
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