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Nearly Naked (Simple Trades)

  • #8,921
  • Edited 5:14pm Oct 3, 2010 3:45pm | Edited 5:14pm
I'm waiting for the EUR/GBP to come to this area on the weekly chart :
- Fibo 61.8 + Fibo 50 + descending trend line
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  • #8,922
  • Oct 3, 2010 4:10pm Oct 3, 2010 4:10pm
Quoting Low
MarkVUM,

I know you like your gaps.....Market's been open less than an hour, and the pound has dropped about 40 pips (I'm with Oanda, they open as soon as a transaction is made Sunday).

Might be worth watching when the rest of the brokers open.
Just got to my desk for the open. I don't see anything I like at the moment and I have larger than normal spreads to deal with so I'm going to just watch PA for a little bit.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,923
  • Oct 4, 2010 3:58am Oct 4, 2010 3:58am
A/U. Longs need to be thinking about their S/L's right now!!
Attached Image (click to enlarge)
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,924
  • Oct 4, 2010 11:31am Oct 4, 2010 11:31am
A/U is hanging on by a thread right now. A big drop down could happen at any moment unless something gives it a reason to move higher!

Anyone have any charts to share on E/U or G/U?
Attached Image (click to enlarge)
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,925
  • Oct 4, 2010 11:53am Oct 4, 2010 11:53am
Quoting MarcVUM
A/U is hanging on by a thread right now. A big drop down could happen at any moment unless something gives it a reason to move higher!

Anyone have any charts to share on E/U or G/U?
My Idea is like yours in AU , I am waiting this week
A little beginner trader since 2006
  • #8,926
  • Oct 4, 2010 11:56am Oct 4, 2010 11:56am
Quoting MarcVUM
A/U is hanging on by a thread right now. A big drop down could happen at any moment unless something gives it a reason to move higher!

Anyone have any charts to share on E/U or G/U?
EUR/USD bounced from the confluence of the UTL of a channel and golden fibonacci ratio (161.8)
peace
Attached Image (click to enlarge)
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  • #8,927
  • Oct 4, 2010 1:42pm Oct 4, 2010 1:42pm
Quoting seifo005
EUR/USD bounced from the confluence of the UTL of a channel and golden fibonacci ratio (161.8)
peace

hello already we sold it starting from last Friday

http://fx-arabia.com/vb/uploaded/964_11285963921.png
GREENIUS
  • #8,928
  • Oct 4, 2010 2:10pm Oct 4, 2010 2:10pm
Quoting greenius
hello already we sold it starting from last Friday
]
Very nice
I sent an e-mail to you; did you see it ?
  • #8,929
  • Oct 4, 2010 2:20pm Oct 4, 2010 2:20pm
Quoting seifo005
Very nice
I sent an e-mail to you; did you see it ?

ya and i replies also please See Gu in my point of view
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GREENIUS
  • #8,930
  • Oct 4, 2010 2:42pm Oct 4, 2010 2:42pm
Quoting greenius
ya and i replies also please See Gu in my point of view
Thanks
On the daily chart it formed many candles with long upper shadows so I think it's not the ideal time to buy
  • #8,931
  • Oct 4, 2010 2:42pm Oct 4, 2010 2:42pm
Quoting greenius
ya and i replies also please See Gu in my point of view
Oh yea. I like that. I want to see it retest the old UTL.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,932
  • Edited 4:04pm Oct 4, 2010 3:59pm | Edited 4:04pm
http://i56.tinypic.com/2vteh44.png
  • #8,933
  • Oct 4, 2010 4:09pm Oct 4, 2010 4:09pm
S&P 500
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,934
  • Oct 4, 2010 11:15pm Oct 4, 2010 11:15pm
AUDUSD has had a big drop.

Can the price area of 0.9665 now qualify as untested resistance ?

Therefore can we expect a retrace to this level before further selling as one likely possibility ?
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  • #8,935
  • Oct 4, 2010 11:27pm Oct 4, 2010 11:27pm
Quoting ianlikesgolf
AUDUSD has had a big drop.

Can the price area of 0.9665 now qualify as untested resistance ?

Therefore can we expect a retrace to this level before further selling as one likely possibility ?
Possibility of retesting 9650 but I am short until a green candle shows up on M30 for my "shorter-term" trade... and a green candle shows up on my "longer-term" trade.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,936
  • Oct 4, 2010 11:50pm Oct 4, 2010 11:50pm
look at everyone jump into gold after that dip
  • #8,937
  • Oct 5, 2010 12:15am Oct 5, 2010 12:15am
"Possibility of retesting 9650 but I am short until a green candle shows up on M30 for my "shorter-term" trade... and a green candle shows up on my "longer-term" trade."

Hi Marc

Thankyou. I am learning more pieces of the puzzle.

If there is a retest & another sell off. I will do my best to catch it & hold the short until a green candle shows up on M30.

Excellent technique.
  • #8,938
  • Oct 5, 2010 2:30am Oct 5, 2010 2:30am
Quoting MarcVUM
Possibility of retesting 9650 but I am short until a green candle shows up on M30 for my "shorter-term" trade... and a green candle shows up on my "longer-term" trade.
Glad to know you guys manage to jump in short. Been awfully busy at work and haven't got the time to keep track of things, and missed this opportunity after waiting for so long. Took out my pending at 9750 as I am unable to follow the market and lost a chance for a really nice short. Well Sh*t happens. Always another opportunity. Here is what i see.

1st test 9400 - R turn S

2nd test 9220 - confluence of fib 0.382 and 0.500 as well as R turn S.

3rd test - Potentially 9150 to 9100 testing 0.618 fib before resuming an upswing. Now waiting for a rebound to go short on the hourly.

Happy riding. What are your thoughts?

Good luck guys. Anything else you seeing?
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May the pip flow with you
  • #8,939
  • Oct 5, 2010 2:40am Oct 5, 2010 2:40am
Quoting greenius
hello already we sold it starting from last Friday
niceeeeeeeee....

Waiting for it to retest 1388 to short. Well might never make it there but if another convincing red candle shows up, might just join you. nice chart Greenius.
May the pip flow with you
  • #8,940
  • Oct 5, 2010 3:57am Oct 5, 2010 3:57am
Quoting ianlikesgolf
Hi Marc

Thankyou. I am learning more pieces of the puzzle.

If there is a retest & another sell off. I will do my best to catch it & hold the short until a green candle shows up on M30.

Excellent technique.
Oh it's just a little tactic I use on on big moves like this rate news....the reason I wait for the green candle on M30 (and it has to have occurred after a red candle closed outside of the bollinger bands) is because it usually signals a retrace back to the 50 or 55% Fib. For this instance it actually hurt my shorter-term trade because the green candle occurred and then price continued lower. Oh well. Nothing is perfect but I follow my rules and that is what counts.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
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