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Nearly Naked (Simple Trades)

  • #9,001
  • Oct 13, 2010 10:47am Oct 13, 2010 10:47am
there is still a gap on au @ 9266 that was never filled
  • #9,002
  • Oct 13, 2010 12:16pm Oct 13, 2010 12:16pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Flow
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.
Did also take a look at the daily on AUD, but still standing aside for the moment.
For bigger swings I like to take a look at the RSI from time to time:
70 and 30 are often a strong resistance / support here.
At the moment AUD is holding above that 70 pretty well. retested 2 times and pointing up again now. I'd like to see it turn down below that 70 level first before looking for shorts.
Could require some patience maybe and will make me "miss" the first part of a possible drop now, but never mind...

If we turn south I think the previous 9330-80 resistance will be a big area of support then.
But time will tell.
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"Blue Horseshoe loves Anacott Steel!"
  • #9,003
  • Oct 13, 2010 12:56pm Oct 13, 2010 12:56pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Unsure with the JPY at the moment....
But I gave that one a try: CAD JPY.
UTL of the downmove and an area that acted as support/resistance before.
Stop is rather tight just above the UTL.
Nice first bounce from here..

Maybe back down to yesterdays lows from here? but considering to get out of the trade if WeeklyPivot provides support.

we will see
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"Blue Horseshoe loves Anacott Steel!"
  • #9,004
  • Oct 13, 2010 2:09pm Oct 13, 2010 2:09pm
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.

No open under the dpp yet, price is sitting just on top of it, looks like it will be back to retest 1181 on Thursday, no trades yet but still looking for that short setup.
  • #9,005
  • Oct 13, 2010 3:10pm Oct 13, 2010 3:10pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Nice reaction on the retail sales news in NZ. Was hoping for that...
Entered a lil short here earlier today as we are at an important resistance zone here IMO. --> high of Oct. 2009
On the shorter timeframe there was some confluence with the 100 FE

Cashed in the first half after the news. Former resistance around 7565 needs to be taken out now. Found some buyers here on the first attempt.
Gonna safe my second position at BE and just see what I can get.

Anyone else trading the Kiwi?
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"Blue Horseshoe loves Anacott Steel!"
  • #9,006
  • Oct 13, 2010 3:52pm Oct 13, 2010 3:52pm
AUDUSD
What’s your take on parity?
This month?
Next month?
Or next year?
But I'll keep my longs open for a little longer.
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  • #9,007
  • Oct 13, 2010 4:25pm Oct 13, 2010 4:25pm
Quoting Peter-FX
AUDUSD
What’s your take on parity?
This month?
Next month?
Or next year?
But I'll keep my longs open for a little longer.
I see no reason why it won't hit it by the end of next week.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,008
  • Oct 13, 2010 4:59pm Oct 13, 2010 4:59pm
Quoting MarcVUM
I see no reason why it won't hit it by the end of next week.

Thanks Marc,
I’ll mark the calendar.

It’s certainly trying hard to get there…What then?
Hold on tight!
  • #9,009
  • Oct 13, 2010 5:06pm Oct 13, 2010 5:06pm
Quoting Peter-FX
Thanks Marc,
I’ll mark the calendar.

It’s certainly trying hard to get there…What then?
Hold on tight!
I think it should get there today, watch out for a potential top in au today around the 9974-1.00 area. I won't be shorting it but if it gets the right reaction I will on Friday.
  • #9,010
  • Oct 13, 2010 5:07pm Oct 13, 2010 5:07pm
Quoting Peter-FX
Thanks Marc,
I’ll mark the calendar.

It’s certainly trying hard to get there…What then?
Hold on tight!
It's going to keep going up until you see a nice bearish candle on the Daily or H4. If I had to guess it will probably show up as an evening star on the H4 or a tweezer. Not too sure that it will be a pinbar or spinning top.

Edit: you can be sure that this green ribbon won't be green anymore!
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,011
  • Oct 13, 2010 6:48pm Oct 13, 2010 6:48pm
Quoting amyc
I think it should get there today, watch out for a potential top in au today around the 9974-1.00 area. I won't be shorting it but if it gets the right reaction I will on Friday.

Thanks amyc, we’ve already hit 99718
May do it in Aussie trading time.
  • #9,012
  • Oct 13, 2010 7:43pm Oct 13, 2010 7:43pm
Quoting MarcVUM
I see no reason why it won't hit it by the end of next week.
For all you know it will be hitting parity today.

Jobless Claims tonight. I'd see that the volatility will push it past parity regardless of what news that may come out.
May the pip flow with you
  • #9,013
  • Oct 13, 2010 7:47pm Oct 13, 2010 7:47pm
Quoting Tuner
Nice reaction on the retail sales news in NZ. Was hoping for that...
Entered a lil short here earlier today as we are at an important resistance zone here IMO. --> high of Oct. 2009
On the shorter timeframe there was some confluence with the 100 FE

Cashed in the first half after the news. Former resistance around 7565 needs to be taken out now. Found some buyers here on the first attempt.
Gonna safe my second position at BE and just see what I can get.

Anyone else trading the Kiwi?
Was short at a 76217 but did not cash in, thought I'd let it ride a bit and now NZD is trying 7650. Bummer.
May the pip flow with you
  • #9,014
  • Oct 13, 2010 7:59pm Oct 13, 2010 7:59pm
A/U. I took a small short here with a S/L above the W R1 and D R1 above parity. Looking for a move down to D PP again... the furthest it can go according to my H4 is D S1. We'll see. Off to bed.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,015
  • Oct 13, 2010 8:31pm Oct 13, 2010 8:31pm
Quoting MarcVUM
A/U. I took a small short here with a S/L above the W R1 and D R1 above parity. Looking for a move down to D PP again... the furthest it can go according to my H4 is D S1. We'll see. Off to bed.
me too marc
  • #9,016
  • Oct 13, 2010 9:27pm Oct 13, 2010 9:27pm
E/U's very close to an important level....
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Annoying Precision
  • #9,017
  • Oct 13, 2010 9:42pm Oct 13, 2010 9:42pm
Quoting erikte279
E/U's very close to an important level....
nice.. but still not turning around yet. Hanging on to R1 on the daily, seeing divergence of RSI H4

Can somebody just blow the horn to turn this stampede around. P L E A S E
May the pip flow with you
  • #9,018
  • Oct 13, 2010 9:50pm Oct 13, 2010 9:50pm
I doubt it tests this level pre london. Theres no way it's going to blow through this resistance, I'm already short.
Quoting Flow
nice.. but still not turning around yet. Hanging on to R1 on the daily, seeing divergence of RSI H4

Can somebody just blow the horn to turn this stampede around. P L E A S E
Annoying Precision
  • #9,019
  • Oct 13, 2010 10:04pm Oct 13, 2010 10:04pm
Quoting erikte279
I doubt it tests this level pre london. Theres no way it's going to blow through this resistance, I'm already short.
never say never my friend. I'm short too @ 1.40826

AUD, NZD, EUR might just pullback before London time, however, it might just give some buying opportunity to the European traders to buy in. Punters hoping for a worst than estimated data will milk it out of Jobless Claims. If number are better we might just see the start of a reversal * keeping fingers crossed*

There are a whole lot of sellers waiting on the sideline. Really hoping to ride this Tsunami wave down.
May the pip flow with you
  • #9,020
  • Oct 13, 2010 11:00pm Oct 13, 2010 11:00pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Flow
Was short at a 76217 but did not cash in, thought I'd let it ride a bit and now NZD is trying 7650. Bummer.
Just got up. Second half out at BE here.
So maybe we need a lil more patience here as well.
"Blue Horseshoe loves Anacott Steel!"
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