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Nearly Naked (Simple Trades)

  • #8,881
  • Sep 27, 2010 10:56pm Sep 27, 2010 10:56pm
Quoting MarcVUM
Oh yea...I think I choose 13 weeks instead of the 26 or 28 that it defaults to.
thank you for replay
  • #8,882
  • Sep 28, 2010 3:00pm Sep 28, 2010 3:00pm
Guess we are all waiting patiently for the big fat red candle to appear.

Any thoughts on this?

I'm calling for a short.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUD 100928 4hr.jpg Size: 85 KB
Click to Enlarge Name: AUD 100928 Daily.jpg Size: 103 KB
May the pip flow with you
  • #8,883
  • Sep 28, 2010 3:14pm Sep 28, 2010 3:14pm
Quoting Flow
Guess we are all waiting patiently for the big fat red candle to appear.

Any thoughts on this?

I'm calling for a short.
You are right! The candle just won't appear. I did catch the wave up earlier this morning. That was fun. I got out at D R2 / W R1 (9680). Bolllinger bands on M15 are squeezing her right now and I don't like trading between 4 and 5 pm est so I'm going to wait until this H4 candle closes at 5pm to see what we have. Don't be surprised if we revisit 9850 before that candle shows itself. I just hope that the next 10 H4 candles aren't just a bunch of consolidation before the next rally higher!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,884
  • Sep 29, 2010 12:06am Sep 29, 2010 12:06am
Quoting MarcVUM
You are right! The candle just won't appear. I did catch the wave up earlier this morning. That was fun. I got out at D R2 / W R1 (9680). Bolllinger bands on M15 are squeezing her right now and I don't like trading between 4 and 5 pm est so I'm going to wait until this H4 candle closes at 5pm to see what we have. Don't be surprised if we revisit 9850 before that candle shows itself. I just hope that the next 10 H4 candles aren't just a bunch of consolidation before the next rally higher!
Hoping so too. This is way over bought on the back of the Fed's QE news. Am just waiting for a catalyst to end this churning for a reversal.

Hope u catch the wave when it comes.
May the pip flow with you
  • #8,885
  • Sep 29, 2010 4:13am Sep 29, 2010 4:13am
Quoting Flow
Hoping so too. This is way over bought on the back of the Fed's QE news. Am just waiting for a catalyst to end this churning for a reversal.

Hope u catch the wave when it comes.
I think we have something. It showed up on my H2 chart but should be good enough. Look at the red candle that just closed!!! I am now short A/U!
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 101 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,886
  • Edited 7:55am Sep 29, 2010 6:11am | Edited 7:55am
Quoting MarcVUM
I think we have something. It showed up on my H2 chart but should be good enough. Look at the red candle that just closed!!! I am now short A/U!
Not looking good!
http://smileys.smileycentral.com/cat/36/36_19_5.gif

Looking better! D R1 has to hold.
http://smileys.smileycentral.com/cat/17/17_1_10.gif

Son of a gun. Stopped out.
http://smileys.smileycentral.com/cat/36/36_1_4.gif

5 min to go on this H2 candle and yet another good bearish candle!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,887
  • Sep 29, 2010 8:03am Sep 29, 2010 8:03am
good close
  • #8,888
  • Sep 29, 2010 8:14am Sep 29, 2010 8:14am
Quoting nick7r
good close
I think this puppy is going down. Good S at 9600
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,889
  • Sep 29, 2010 8:25am Sep 29, 2010 8:25am
Quoting MarcVUM
I think this puppy is going down. Good S at 9600
are you in marc or waiting for the 4 hour close
  • #8,890
  • Sep 29, 2010 8:33am Sep 29, 2010 8:33am
Quoting nick7r
are you in marc or waiting for the 4 hour close
I'm in.

edit: my 4 hour closed 30 minutes ago.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,891
  • Sep 29, 2010 10:53am Sep 29, 2010 10:53am
Sitting below some tough resistance
Attached Image (click to enlarge)
Click to Enlarge Name: pic60.gif Size: 15 KB
Annoying Precision
  • #8,892
  • Sep 29, 2010 2:02pm Sep 29, 2010 2:02pm
Quoting MarcVUM
Not looking good!
http://smileys.smileycentral.com/cat/36/36_19_5.gif

Looking better! D R1 has to hold.
http://smileys.smileycentral.com/cat/17/17_1_10.gif

Son of a gun. Stopped out.
http://smileys.smileycentral.com/cat/36/36_1_4.gif

5 min to go on this H2 candle and yet another good bearish candle!
Just got home from work, and was so excited about checking AU out. Sorry that it didn't turn out well..

Well I got stopped out 9711 as well. before the candle even came along.
May the pip flow with you
  • #8,893
  • Sep 29, 2010 2:13pm Sep 29, 2010 2:13pm
Quoting Flow
Just got home from work, and was so excited about checking AU out. Sorry that it didn't turn out well..

Well I got stopped out 9711 as well. before the candle even came along.
Ya. I got stopped out of the first one early this morning. But the one that I put on when you asked me is still alive. It's been a rollercoaster but I think we might be making some headway. The lower BB on M30 is finally in the right place to accept lower prices.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,894
  • Sep 29, 2010 2:19pm Sep 29, 2010 2:19pm
AU is driving me nuts but I guess patience will pay off later on
2 double tops in 15min - this is one hell of a stubborn breathless bull.

Respected UTL and and R1 daily.

Outlook-
Thur - AUS :Building approvals
Fri - China: Manufacturing PMI

This could be some motivation for AUD having such a strong footing at this level.

Even as I type its finding support at 96883 s/r - no it just broke the support.
Not convinced though.

Does it have to hit 9850 to die off? Lets see how it closes on the daily. Looking for good PA.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD 100929 15min.jpg Size: 83 KB
May the pip flow with you
  • #8,895
  • Sep 29, 2010 2:34pm Sep 29, 2010 2:34pm
Quoting Flow
AU is driving me nuts but I guess patience will pay off later on
2 double tops in 15min - this is one hell of a stubborn breathless bull.

Does it have to hit 9850 to die off? Lets see how it closes on the daily. Looking for good PA.
My patience is being tested too! You know me...I like the 5 - 10 pip scalp trades but I'm waiting ohh so patiently for that nice retrace down move to grab a couple hundred for the bag.

You're right, it is one hell of a stubborn bull. I might have to pull out my BB gun and shoot those kahunas!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,896
  • Sep 29, 2010 8:38pm Sep 29, 2010 8:38pm
Ian...I got that MA histogram setup on my MT4. thanks for working that out. that's my new M30 below!

A/U..right now I feel like I'm in an earthquake being jolted back and forth by PA.
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 23 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,897
  • Sep 29, 2010 10:31pm Sep 29, 2010 10:31pm
this is looking good from M15 to H4 for a long
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf set up.gif Size: 27 KB
  • #8,898
  • Sep 29, 2010 10:58pm Sep 29, 2010 10:58pm
Marc

Bit off topic

but what basic things do you look for for a scalp. What TFs etc?
  • #8,899
  • Sep 29, 2010 11:05pm Sep 29, 2010 11:05pm
some more charts to support my thinking

I like this WPR with an MA indi.

H1 looked really nice for entry at 154.30 -154.45 with the MA cross of 21ema +35sma.

M15 had a nice price action structure at this price area too when price broke above 154.35 & WPR reached oversold (I like when WPR 30 stays oversold with the trend).

a cross of the 150ema + 200sma on M15 with a cross of 21ema +35sma soon after combined with a cross of H4 21ema + 35sma (or price crossing these two MA) will be a good place to enter longs.

see how it goes
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchf set up m30.gif Size: 23 KB
Click to Enlarge Name: gbpchf set up h1.gif Size: 28 KB
Click to Enlarge Name: gbpchf set up h4.gif Size: 28 KB
Attached File(s)
File Type: mq4 W%R_MA_LC.mq4   4 KB | 309 downloads
  • #8,900
  • Sep 30, 2010 7:08am Sep 30, 2010 7:08am
Quoting nick7r
Marc

Bit off topic

but what basic things do you look for for a scalp. What TFs etc?
These are the two screens I always have running.... I keep myself on the right course by looking at the upper TF's like H4 but take trades mainly off of the M30 and M15. Use the pivot points...S/R's...and TL's as bouncing points just like playing that old Atari game Bricks!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au.jpg Size: 216 KB
Click to Enlarge Name: au2.jpg Size: 139 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
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