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Nearly Naked (Simple Trades)

  • #8,981
  • Oct 11, 2010 5:42pm Oct 11, 2010 5:42pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting MarcVUM
Slooow as molasses until 2:00pm est tomorrow. FOMC!
Hey Marc....

Hope you are doin fine.
Just got back from a nice 3 weeks of holiday. Went to Spain and Portugal and enjoyed the sun
First day back to the charts now. Did only take a look from time to time from my mobile

I was lucky to have some nice trades running durung that time, all saved at BE. Long EUR/CHF and some Longs in E/U on my other account from 1.27 area.
What an amazing rally.. But that 1.40 seems to be a hard resistance for now.
RSI already heading down again. But everything kind of slow at the moment.
Lets wait for FOMC tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd_h4_01.gif Size: 19 KB
"Blue Horseshoe loves Anacott Steel!"
  • #8,982
  • Oct 11, 2010 5:55pm Oct 11, 2010 5:55pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Tuner
Still holding part of my initial position currently @ +375 pips.
We should see some retrace now. So looking to add once again around 1.3140/50. = 50 fib of todays boost up and R->S.
Lookin for another bounce there.
But could also retrace more to the second LTL... or not at all

Just one pair and a few trades this week. But nice pips. That's how I like it.
Consider to hold my initial position as a longer term trade. Back up from those historical lows. (But as I know myself I will cash in at some point when I see the pips melting again.. )
we...
.. This is the second pair I traded the EUR/CHF. as planned I did add again @ 1.3145 (back then) Nice first bounce from there but then a second test of that area until it finally found the way up.
But it seems to struggle with the 61.8 fib and now as well with the 100day SMA.
(didn't have the fibs on my charts when I entered the trade and was looking for a lil more)
Last hope is the green LTL of that upmove. If we break through that now I consider cashing in those sweet pips. (or at least one of my positions)
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf_d1.gif Size: 18 KB
"Blue Horseshoe loves Anacott Steel!"
  • #8,983
  • Oct 11, 2010 10:17pm Oct 11, 2010 10:17pm
S&P 500. The lost decade for long term investors. However, looks as though we are in for a strong rally starting now!
Attached Image (click to enlarge)
Click to Enlarge Name: spx.jpg Size: 77 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,984
  • Oct 11, 2010 10:20pm Oct 11, 2010 10:20pm
Quoting Tuner
Hey Marc....

Hope you are doin fine.
Just got back from a nice 3 weeks of holiday. Went to Spain and Portugal and enjoyed the sun
First day back to the charts now. Did only take a look from time to time from my mobile

I was lucky to have some nice trades running durung that time, all saved at BE. Long EUR/CHF and some Longs in E/U on my other account from 1.27 area.
What an amazing rally.. But that 1.40 seems to be a hard resistance for now.
RSI already heading down again. But everything kind of slow at the moment.
Lets wait for FOMC tomorrow....
Hi Tuner. Good to see you. Vacation sounds nice! Glad to hear you enjoyed it.

Ya, NY was a bit slow today as we await FOMC tomorrow.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,985
  • Oct 11, 2010 10:54pm Oct 11, 2010 10:54pm
A/U. Good long area with support of the lower BB.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 125 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,986
  • Oct 12, 2010 8:37pm Oct 12, 2010 8:37pm
Quoting MarcVUM
A/U. Good long area with support of the lower BB.
Good call yesterday Marc

  • #8,987
  • Oct 12, 2010 10:58pm Oct 12, 2010 10:58pm
S&P hit 1169 on Tuesday, that is my sell point for October, I am looking for a correction to 1098 now. Wednesday may do 1172, then if it sells down and opens Thursday under the daily pivot point I think it should start to move down.
If it gets to 1098 I will probably take longterm longs. If it continues up from here well obviously I am wrong.
  • #8,988
  • Oct 13, 2010 3:55am Oct 13, 2010 3:55am
Quoting amyc
S&P hit 1169 on Tuesday, that is my sell point for October, I am looking for a correction to 1098 now. Wednesday may do 1172, then if it sells down and opens Thursday under the daily pivot point I think it should start to move down.
If it gets to 1098 I will probably take longterm longs. If it continues up from here well obviously I am wrong.
Thanks for posting over here. I am starting to feel alone in this thread and beginning to wander elsewhere.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,989
  • Oct 13, 2010 4:11am Oct 13, 2010 4:11am
been out sick for the past feel days.

nice one on long Marc.

Been holding on to the shorts - Average short 9809.

Wished I'd cashed out on the EUR pullback the past few days. was up 200+ in green pips and now flat.

What are you guys seeing in EUR and AUD? Am a little overdose with antibiotics right now.
May the pip flow with you
  • #8,990
  • Oct 13, 2010 9:59am Oct 13, 2010 9:59am
Quoting MarcVUM
Thanks for posting over here. I am starting to feel alone in this thread and beginning to wander elsewhere.
Don't feel bad Marc, I haven't had a trade in weeks. Just twiddling my thumbs..

If anything interesting comes up, I'll put it here too.
  • #8,991
  • Oct 13, 2010 10:07am Oct 13, 2010 10:07am
Hi MarcVUM

After Stevefx suggested I try stochs with Happs.
I checked up on the SMI(2) indicator some more and found this one which is from my favourite coder over at Forex TSD. It has one extra option for what type of price method SMA, EMA, etc.

I put the settings up to 14,5,5,5 for an experiment & I put a SMA 21 in the indicator window. Finally I changed the 21ema to a 21sma on the chart with the 35sma, 150ema & 200ma & weekly pivots is included. The dotted extra white MA is the 200ema as it is my favourite.

I was not in this trade. I am working during week days for 5 weeks so I am not trading much at all.

I did see the EURCHF tanking rapidly yesterday & switched over to my favourite pair for pips GBPCHF & I observed the nice free fall with this set up.

All the points of confluence I see here for an entry in the area between the SD Pivot zone & weekly pivot.


150ema + 200ma crossing at weekly pivot
double smoothed stochastic crossing from overbought level & crossing the white dotted 21sma.
price was rejected at the SD Pivot zone

exit with your rule to ride out the trade until price crosses the 35 sma again.


This setup on M15 with higher time frame charts on my screens for confirmation. Any thoughts or warnings to look out for ?

For example : what is the perfect H4 candle I need to be looking for ?
Is the one on the H4 chart I posted that kind of candle ?

I am trying to settle on one chart set up which has been difficult for me to do at the moment.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: double smoothed stochs 15 min example.jpg Size: 118 KB
Click to Enlarge Name: double smoothed stochs h4 example.jpg Size: 129 KB
Attached File(s)
File Type: mq4 Blau - Double Smoothed Stochastic.mq4   5 KB | 327 downloads
  • #8,992
  • Oct 13, 2010 10:25am Oct 13, 2010 10:25am
Quoting Low
Don't feel bad Marc, I haven't had a trade in weeks. Just twiddling my thumbs..

If anything interesting comes up, I'll put it here too.
Hey Low,

Been a while! seeing any reversal anytime soon. What have you got your eyes on?
May the pip flow with you
  • #8,993
  • Oct 13, 2010 10:38am Oct 13, 2010 10:38am
Quoting Flow
Hey Low,

Been a while! seeing any reversal anytime soon. What have you got your eyes on?
I'm keeping on eye on gold for a short-term short....mean-reversion and all that...otherwise, I've got nothing.

Believe me, if I had something to post, I would.
  • #8,994
  • Oct 13, 2010 10:49am Oct 13, 2010 10:49am
Quoting ianlikesgolf
For example : what is the perfect H4 candle I need to be looking for ?
Is the one on the H4 chart I posted that kind of candle ?
Hi Ian. The last H4 candle on your chart is an inside bar trend continuation bar which I believe Mr. Nial Fuller calls a "Fakey". I haven't looked at the latest chart for that pair but I'm willing to bet that it continued down. I really like spinning tops, pinbars and inside bars when looking at the H4. Anything else is just a continuation of the current trend.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,995
  • Oct 13, 2010 10:58am Oct 13, 2010 10:58am
Low - good luck on your short. Your patience will be paid dearly.

Marc- Did I hear short?
May the pip flow with you
  • #8,996
  • Oct 13, 2010 11:10am Oct 13, 2010 11:10am
Quoting Flow
Low - good luck on your short. Your patience will be paid dearly.

Marc- Did I hear short?
on?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,997
  • Oct 13, 2010 11:11am Oct 13, 2010 11:11am
Quoting Flow
Low - good luck on your short. Your patience will be paid dearly.

Marc- Did I hear short?
sorry Low - Meant to say you'll be paid handsomely!
May the pip flow with you
  • #8,998
  • Oct 13, 2010 11:52am Oct 13, 2010 11:52am
Quoting MarcVUM
on?
AUD
May the pip flow with you
  • #8,999
  • Oct 13, 2010 11:57am Oct 13, 2010 11:57am
Quoting Flow
AUD
I want to but the sign hasn't shown itself yet. I actually rode the triangle breakout up to the current level this morning. Just waiting now.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,000
  • Oct 13, 2010 12:08pm Oct 13, 2010 12:08pm
Quoting MarcVUM
I want to but the sign hasn't shown itself yet. I actually rode the triangle breakout up to the current level this morning. Just waiting now.
This is what i see in AUD daily.. still lacking some solid PA. Made some amendments to my last observation on the same chart on the daily.

Target 9250 region. Just need to hang on and see this trade through. I hope.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD 101013 Daily.jpg Size: 92 KB
May the pip flow with you
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