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Nearly Naked (Simple Trades)

  • #9,361
  • Nov 9, 2010 9:55pm Nov 9, 2010 9:55pm
Quoting nick7r
Marc

I shorted down to parity, and then scalped off there for total 30 pips. Appropriate your support.

Good Job! I just looked at my charts before going to bed. Looks like I missed all of the fun! I'll be back in 5 1/2 hours.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,362
  • Nov 10, 2010 12:46am Nov 10, 2010 12:46am
Test of the Daily Trend

UTL _From Daily Chart
LTL _ Intra Day
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  • #9,363
  • Nov 10, 2010 10:21am Nov 10, 2010 10:21am
Here's a good example of an Inside Bar trend continuation.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,364
  • Nov 10, 2010 12:50pm Nov 10, 2010 12:50pm
Just wondering if anyone else bought A/U down at parity or took a long position today on E/U. The market really turned around after 1pm est.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,365
  • Nov 10, 2010 1:54pm Nov 10, 2010 1:54pm
Quoting MarcVUM
Just wondering if anyone else bought A/U down at parity or took a long position today on E/U. The market really turned around after 1pm est.
Hi Marc,
I took huge a long term position on A/U yesterday. Short from 1.0165. Left plenty of equity for breathing as I am getting on with my next trip to US and Europe. I cashed in half at parity but leaving the rest as I think we have seen the all time high for A/U for a while.

I will be in NY in two weeks time, if I get to your side will call to catch up.

Regards.
Find a job that you love and you dont have to work again in your life.
  • #9,366
  • Nov 10, 2010 2:02pm Nov 10, 2010 2:02pm
Quoting tradoholic
Hi Marc,
I took huge a long term position on A/U yesterday. Short from 1.0165. Left plenty of equity for breathing as I am getting on with my next trip to US and Europe. I cashed in half at parity but leaving the rest as I think we have seen the all time high for A/U for a while.

I will be in NY in two weeks time, if I get to your side will call to catch up.

Regards.
Yes, definitely let me know if you are near me. Would love to catch up!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,367
  • Nov 10, 2010 2:10pm Nov 10, 2010 2:10pm
Just got back .. what a swinging day... wish I was around for all these action.

Still long CHF, good day for you guys?
May the pip flow with you
  • #9,368
  • Nov 10, 2010 2:32pm Nov 10, 2010 2:32pm
Quoting MarcVUM
Just wondering if anyone else bought A/U down at parity or took a long position today on E/U. The market really turned around after 1pm est.
E/U took a short on EU. still look bearish to me. Broke the support level and pullback to respect UTL.
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May the pip flow with you
  • #9,369
  • Nov 10, 2010 3:01pm Nov 10, 2010 3:01pm
Quoting Flow
E/U took a short on EU. still look bearish to me. Broke the support level and pullback to respect UTL.
Hi Flow,
I think G/U is also a good short at the moment. Have a look. I think R @ 1.6137 will hold.
Find a job that you love and you dont have to work again in your life.
  • #9,370
  • Nov 10, 2010 3:02pm Nov 10, 2010 3:02pm
Quoting Flow
E/U took a short on EU. still look bearish to me. Broke the support level and pullback to respect UTL.
thanks. I heard a lot of the traders on T.V. today taking longs on E/U. that's why I ask.

Charts of A/U, S&P, and DXY. The first two look bullish again to me. The u.s. dollar looks very bearish again!
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,371
  • Nov 10, 2010 3:19pm Nov 10, 2010 3:19pm
Quoting MarcVUM
Just wondering if anyone else bought A/U down at parity or took a long position today on E/U. The market really turned around after 1pm est.
I brought both on the lows, i think the lows for this downmove are in.
  • #9,372
  • Nov 10, 2010 6:52pm Nov 10, 2010 6:52pm
I've never seen a picture like this. One single M30 bar touching the D R1 and D S1
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,373
  • Edited 8:59pm Nov 10, 2010 8:57pm | Edited 8:59pm
Quoting amyc
I brought both on the lows, i think the lows for this downmove are in.
I did something similar though on the Swissie. I shorted UCHF. If the correlation holds, then we should see a downmove on swissie.

Edit: Just to add, my trade was not based off the correlation. I am just commenting about the end result.
  • #9,374
  • Nov 11, 2010 6:40am Nov 11, 2010 6:40am
Quoting MarcVUM
Charts of A/U, S&P, and DXY. The first two look bullish again to me. The u.s. dollar looks very bearish again!
A few H4 candles changed that! I hate ranges!
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,375
  • Nov 11, 2010 7:09am Nov 11, 2010 7:09am
my AU 1 hour stochs are 100% oversold...
  • #9,376
  • Nov 11, 2010 7:14am Nov 11, 2010 7:14am
Quoting nick7r
my AU 1 hour stochs are 100% oversold...
my H4 stochs are at -14...usually -75ish is where I buy.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,377
  • Nov 11, 2010 7:21am Nov 11, 2010 7:21am
Marc

I've got a question about MAs. I have been using them in my trading with good results.

I have a questions regarding different TFs. For example. MA20. Upwards trend.

15Min Chart:
PA is above MA.

30Min:
PA is still below MA which i pressume would act as resistance.

When looking for a break from support or resistance how do you deal with the different values of the same indicator/s on diffferent TFs.
  • #9,378
  • Nov 11, 2010 7:31am Nov 11, 2010 7:31am
Good morning everyone
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  • #9,379
  • Nov 11, 2010 7:32am Nov 11, 2010 7:32am
Quoting nick7r
Marc

I've got a question about MAs. I have been using them in my trading with good results.

I have a questions regarding different TFs. For example. MA20. Upwards trend.

15Min Chart:
PA is above MA.

30Min:
PA is still below MA which i pressume would act as resistance.

When looking for a break from support or resistance how do you deal with the different values of the same indicator/s on diffferent TFs.
Hmmm I'm not sure I completely understand your question but I'll give it a shot.

The MA's that I use on the Daily, H4, H2, H1, M30, M15 TF's usually correlate with each other even though they are different. For example, the 200sma on M15 will usually line up with the 95sma on M30. Now, remember that MA's are used for markets that are trending NOT ranging. So, on A/U right now they really don't help on the lower TF's (except) for the larger MA's like the 200sma on M15. They do however seem to continue working on the higher TF's like the H4.

Now the Stochastic Momentum Index indicator that I use on all TF's does give different readings as you have stated. The higher TF's always supersede the lower TF's. For example, if the Stochs on H4 are overbought but the Stochs on M30 are oversold then you need to follow the H4 (unless) you are trading off of the M30 for a smaller number of pips.

Always remember to trade with Big Picture no matter what TF you are looking at. In other words, trade with the trend, the trend is your friend.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,380
  • Nov 11, 2010 7:34am Nov 11, 2010 7:34am
E/U appears to be heading north
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