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Nearly Naked (Simple Trades)

  • #9,161
  • Oct 27, 2010 3:36pm Oct 27, 2010 3:36pm
Quoting MarcVUM
This is an unforgiving pair. My H1 chart with a few thoughts. I'm not currently trading it because the minor ma's are stuck inside the majors.
Thx for the insight Marc, MA ribbon is quite interesting..

Got out of my short +47 missed the rest thought. was so tempted to long CHF and CAD..

Well, better count my blessings
May the pip flow with you
  • #9,162
  • Oct 27, 2010 4:40pm Oct 27, 2010 4:40pm
Dx has hit the range bar top again, same as last week, I would be cautious adding to USD longs today. However I do expect lower prices for eu, gu and au over the coming days.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.GIF Size: 11 KB
  • #9,163
  • Oct 27, 2010 4:54pm Oct 27, 2010 4:54pm
Quoting Flow
Hi Amy,

I've tried that actually but and I notice that one biggest flaw that I have is entry point. Most of the time I get stopped out. Probably I need to control my zeal. Any pointer you might have for me on how to improve entry points?
For entries I use range bar tops and bottoms mostly, in a downtrend I short 80 pip tops and in an uptrend I long 80 pip bottoms, but they must match with support and resistance and be lower highs or higher lows. I have marked the entries I have made in eu over the last few days. The first one was stopped at be the next 2 I am holding still.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.GIF Size: 16 KB
  • #9,164
  • Oct 27, 2010 5:09pm Oct 27, 2010 5:09pm
Quoting amyc
For entries I use range bar tops and bottoms mostly, in a downtrend I short 80 pip tops and in an uptrend I long 80 pip bottoms, but they must match with support and resistance and be lower highs or higher lows. I have marked the entries I have made in eu over the last few days. The first one was stopped at be the next 2 I am holding still.
Amy, assuming that we are in a downtrend for A/U then an 80 pip top from the current low would put price at about 9740 which also happens to be around the Daily PP. I'll keep that in mind if price gets there.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,165
  • Oct 27, 2010 5:35pm Oct 27, 2010 5:35pm
Quoting MarcVUM
Amy, assuming that we are in a downtrend for A/U then an 80 pip top from the current low would put price at about 9740 which also happens to be around the Daily PP. I'll keep that in mind if price gets there.
its 9731 on my charts but I won't be taking it, I'm not looking to add to my shorts today due to dx, if we get a higher daily close for Thursday then Friday will be a better short if it is still under the midpoint.
  • #9,166
  • Oct 27, 2010 7:04pm Oct 27, 2010 7:04pm
EU will need to swing back to 1.3870 before I will start looking for more short opportunities.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.GIF Size: 14 KB
  • #9,167
  • Oct 28, 2010 12:47am Oct 28, 2010 12:47am
Another self fulling prophecy on CHF. Am short. Lets see how this will play out.

Marc, Amy anyone. feel free to express your thoughts on what you are seeing.
Attached Image (click to enlarge)
Click to Enlarge Name: CHF 101028 4hr.jpg Size: 89 KB
May the pip flow with you
  • #9,168
  • Oct 28, 2010 3:19am Oct 28, 2010 3:19am
Quoting MarcVUM
I wouldn't trade like this guy drives! Although my trades sometimes feel like it!
http://www.youtube.com/watch?v=XihQe...layer_embedded
Great video Marc
But like trading without a stop loss, his day will come .
  • #9,169
  • Oct 28, 2010 4:15am Oct 28, 2010 4:15am
Quoting Flow
Another self fulling prophecy on CHF. Am short. Lets see how this will play out.

Marc, Amy anyone. feel free to express your thoughts on what you are seeing.
Flow, what pair is this and what TF is it on?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,170
  • Oct 28, 2010 4:16am Oct 28, 2010 4:16am
Quoting priceaction
Great video Marc
But like trading without a stop loss, his day will come .
Long time no see! Glad you stopped by.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,171
  • Oct 28, 2010 6:24am Oct 28, 2010 6:24am
A/U. This is what I'm seeing at the moment. H4: Stochs are getting overbought and price is being held back by the 21ema. M30: price keeps hitting the upper BB at the 38.2% Fib retracement and the stochs are looking overbought even though they aren't in the upper reversal zone. M15: still looks bullish with a possible 150/200 crossover. If the 21ema crosses the 200 then we should see price reach the W PP at around 9813.

I've taken two trades early this morning and will wait to book another until after US data at 8:30am est. I need to run to the store to get food for the pets!
http://smileys.smileycentral.com/cat/8/8_1_29.gifhttp://smileys.smileycentral.com/cat/16/16_1_21.gif
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 201 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,172
  • Oct 28, 2010 11:39am Oct 28, 2010 11:39am
Amy, price on A/U did 160 pips from the last low to the W PP...would that be considered two 80 pip bars? I would imagine that price would now drop before news is announced next week in regards to QEII and US elections.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,173
  • Oct 28, 2010 3:31pm Oct 28, 2010 3:31pm
Quoting MarcVUM
Amy, price on A/U did 160 pips from the last low to the W PP...would that be considered two 80 pip bars? I would imagine that price would now drop before news is announced next week in regards to QEII and US elections.
yes but I am concentrating on eu more, short from 1.3940. 80 pip top with resistance and lower high.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.GIF Size: 13 KB
  • #9,174
  • Oct 28, 2010 3:37pm Oct 28, 2010 3:37pm
Quoting MarcVUM
Flow, what pair is this and what TF is it on?
CHF 1hr.


Lots of action today.. too bad was not around to participate.

Hope everyone's got some really green pips
May the pip flow with you
  • #9,175
  • Oct 28, 2010 3:54pm Oct 28, 2010 3:54pm
Quoting amyc
yes but I am concentrating on eu more, short from 1.3940. 80 pip top with resistance and lower high.
Here is what I'm seeing. First target 1.3735 and see how it goes from there.
Amy will ride this with you. I wanna try out a "position trade".

Only manage to short at 1.3928.

My view EU 4HR AB=CD Potential play out.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR 101028 4HR.jpg Size: 77 KB
May the pip flow with you
  • #9,176
  • Oct 28, 2010 4:17pm Oct 28, 2010 4:17pm
Quoting Flow
Here is what I'm seeing. First target 1.3735 and see how it goes from there.
Amy will ride this with you. I wanna try out a "position trade".

Only manage to short at 1.3928.

My view EU 4HR AB=CD Potential play out.
I'm not sure how successful this trade will be but even if it is going to go higher, I think it should pullback 80 pips first. What we need to see is a down day today and an open on Monday under the weekly pivot point and November pivot point.
  • #9,177
  • Oct 28, 2010 4:29pm Oct 28, 2010 4:29pm
Attachment Attachment
Quoting MarcVUM
A/U....
[IMG]file:///C:/DOCUME%7E1/Sean/LOCALS%7E1/Temp/moz-screenshot-2.png[/IMG][IMG]file:///C:/DOCUME%7E1/Sean/LOCALS%7E1/Temp/moz-screenshot-3.png[/IMG]HI mark.. My view on AUD - just to share.

4 hr another potential AB=CD trade. !st test Support level 9655.

daily - AB=CD as well. Potentially 0.68 retrace target confluence with 9227 R/S pending RSI
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUD 101028 4HR.jpg Size: 85 KB
Click to Enlarge Name: AUD 101028 Daily.jpg Size: 74 KB
May the pip flow with you
  • #9,178
  • Oct 28, 2010 4:37pm Oct 28, 2010 4:37pm
Quoting amyc
I'm not sure how successful this trade will be but even if it is going to go higher, I think it should pullback 80 pips first. What we need to see is a down day today and an open on Monday under the weekly pivot point and November pivot point.
Noted.

Tight SL to capitalize on the position size. Thinking FED QE2 is getting stale. Furthermore, seeing a start of another round of bad news spreading on the IRISH banks.. etc. Maybe I think too much.
May the pip flow with you
  • #9,179
  • Oct 28, 2010 4:54pm Oct 28, 2010 4:54pm
GU 4HRS-

This is my last idea..

Summary - I am Long dollar -

Hope I don't make a fool of myself - This is the only way to get some pointers form the pros on this thread. Fee free to share your honest view on what i am seeing. Need not be polite.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP 101028 4HR.jpg Size: 75 KB
May the pip flow with you
  • #9,180
  • Oct 28, 2010 4:55pm Oct 28, 2010 4:55pm
One of my monitors just busted!!!!!!!!!!!!!!!!!!!!!!!!

!@#!@$%$#%@%$^$?%^^^^^^^^#$@$$


May the pip flow with you
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