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Nearly Naked (Simple Trades)

  • #9,421
  • Nov 12, 2010 6:07am Nov 12, 2010 6:07am
Quoting nick7r
Thanks Marc, so as a sequence. 1. missed by a few pips? 2. Support doesnt hold? could the few pips be spread?
No, the missed pips can't be the spread. My spread on A/U is between 2 and 3 pips...so if price comes within 1 pip then the ask price is at most 4 pips away. I always look at the bid more than I look at the ask.

The only exception that could exist is if price misses by a pip or two and then retraces significantly only to retest the S or R again. It didn't do that last night.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,422
  • Nov 12, 2010 6:49am Nov 12, 2010 6:49am
Marc

Appears to be gettins stuck between D S1 and W S1.
  • #9,423
  • Nov 12, 2010 7:15am Nov 12, 2010 7:15am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting MarcVUM
I hope those green pips were in a live account!
I just made my quota for the day...I should walk away since it's Freaky Friday!
Looking at the H4 chart I don't see any support at 9800. With that said I wasn't expecting it to reach 9850 over night. I wish I had held onto a short a 1.00! My H4 Stochs turned upwards...take a look at the chart I posted above. I'd be weary of taking another short here. I really think it's due to retrace upwards now. By the way...before I went to bed last night I said that price had came within 2 pips of of the...

Hey Marc, quota for the day filled when the day just started? sounds good. Better don't let Freaky Friday turn you around again.
Feels like Asia was already freaky enough...

Had some nice entries on Longs EUR/CAD and EUR/AUD last night from the lows.
Asia pushed them up pretty nice and after London open both boosted up some more. (almost +200 each now) :o
Both saved at BE + a few by the trailing Stop. Don't have access to my platform now. So I hope Freaky Friday doesn't turn these trades around and stop me before I get home from work...
"Blue Horseshoe loves Anacott Steel!"
  • #9,424
  • Nov 12, 2010 7:17am Nov 12, 2010 7:17am
Quoting Tuner
Hey Marc, quota for the day filled when the day just started? sounds good. Better don't let Freaky Friday turn you around again.
Feels like Asia was already freaky enough...

Had some nice entries on Longs EUR/CAD and EUR/AUD last night from the lows.
Asia pushed them up pretty nice and after London open both boosted up some more. (almost +200 each now) :o
Both saved at BE + a few by the trailing Stop. Don't have access to my platform now. So I hope Freaky Friday doesn't turn these trades around and stop me before I get home from work... ...
I know. My wife told me to shut the computer down before she left for work! I'm just watching right now before I begin the Mr. Mom house chores! We finished our baby registry yesterday. I really hate going to the store...if I was alone I would have scanned the entire store!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,425
  • Nov 12, 2010 8:11am Nov 12, 2010 8:11am
Alright. Be careful guys/gals. It's Freaky Friday and the U.S. equities are about to open.

Have a Great Weekend! I'll see you next week!
http://smileys.smileycentral.com/cat/23/23_33_13.gif
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,426
  • Nov 12, 2010 8:28am Nov 12, 2010 8:28am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting MarcVUM
Alright. Be careful guys/gals. It's Freaky Friday and the U.S. equities are about to open.

Have a Great Weekend! I'll see you next week!
http://smileys.smileycentral.com/cat/23/23_33_13.gif

I can just watch the charts on the net but do nothing...
)MT4 on my mobile doesn't want to connect today)

Everything saved at BE+initial profit so Freaky Friday may come.
Can only take me from deep green to light green pips for the day

Have a nice weekend as well!
"Blue Horseshoe loves Anacott Steel!"
  • #9,427
  • Nov 12, 2010 11:20am Nov 12, 2010 11:20am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Tuner
Similar to the EURCHF.
Also a bigger drop after a nice rally up. I gave that one a try and had 2 pending orders to go long here.
One got triggered last night @ 1.3670
Area of interest here was between the 50fib of the recent rally up and 38.2 fib of the one since June.
Maybe rather risky here but that area beein Resistance back in July and AUgust I hope to see it acting as support now.
Nice bounce from my first entry now. currently at +60
So lets see what we can get here.
Coming back to my charts now after work.
Trade developped pretty well so far. But 1.3870 seems to act as resistance again. Already bounced a bit back down from there. Took partial profits now and leave the rest running with a stop >BE. Lets see if we can get up there to the previous highs.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad_daily2.gif Size: 20 KB
"Blue Horseshoe loves Anacott Steel!"
  • #9,428
  • Edited 12:37pm Nov 12, 2010 11:31am | Edited 12:37pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
My second trade triggered last night. EURAUD. Taken from the range low. Looked as we would break the range to the downside for a while but then buyers kicked in.
So that one even rallied up more.
Currently struggling a bit to break that UTL. If we break above that I'd like to see it at my target : weekly pivot + S>R around 1.3925.
But considering to cash it in earlier and not holding over the weekend if I see it stalling now. +220pips are better than BE+ a few
Looking at the floating profits this Friday has been a good day here. So why not close the week with that..

edit: cashed in for 225. maybe some more opportunities next week..

Have a nice weekend everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: euraud_daily.gif Size: 20 KB
"Blue Horseshoe loves Anacott Steel!"
  • #9,429
  • Nov 14, 2010 5:37pm Nov 14, 2010 5:37pm
Hmm, I can't trade. My charts aren't updating correctly with each tick. What I am looking for is a retrace up to the W PP 9950 area and then back down again.
Attached Image (click to enlarge)
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,430
  • Nov 16, 2010 4:38am Nov 16, 2010 4:38am
Fairly Self-Explanatory.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 181 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,431
  • Nov 16, 2010 12:35pm Nov 16, 2010 12:35pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Pretty quiet in here.. guys hope you are all doin fine!

EURCAD seems in a range at the moment. After the nice boost up end of last week I cashed in at the resistance.
After dropping back to the support area yesterday I jumped on again and rode it up to the resistance area again.
These kind of ranges are pretty nice to trade IMO with a pretty tight stop below the support.
Now we are heeding south again. Not sure if support will hold once again. But we should see.

Similar setup on EURAUD. but only took a small part of the second bounce there last night.
I prefer those pairs at the moment as I still don't have a clue what USD is about to do next. QE2 not weakening the dollar as I would have expected it to do
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad_h4_11_16.gif Size: 18 KB
"Blue Horseshoe loves Anacott Steel!"
  • #9,432
  • Nov 16, 2010 8:36pm Nov 16, 2010 8:36pm
WatUp homies??

Long E/U...hoping to snag 50 or so...
Attached Image (click to enlarge)
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Annoying Precision
  • #9,433
  • Nov 16, 2010 8:58pm Nov 16, 2010 8:58pm
Quoting erikte279
WatUp homies??

Long E/U...hoping to snag 50 or so...
Did you check out Shahab's post on E/U?
http://www.forexfactory.com/showpost...postcount=4633
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,434
  • Nov 16, 2010 9:13pm Nov 16, 2010 9:13pm
Now I have although it dosent have much influence on whats happening now....

Quoting MarcVUM
Did you check out Shahab's post on E/U?
http://www.forexfactory.com/showpost...postcount=4633
Annoying Precision
  • #9,435
  • Nov 16, 2010 9:16pm Nov 16, 2010 9:16pm
Quoting erikte279
WatUp homies??

Long E/U...hoping to snag 50 or so...
Long here too at 1.3470. Looking for 40--->100.
  • #9,436
  • Nov 16, 2010 9:24pm Nov 16, 2010 9:24pm
Sweet.....

Quoting Low
Long here too at 1.3470. Looking for 40--->100.
Annoying Precision
  • #9,437
  • Nov 16, 2010 9:30pm Nov 16, 2010 9:30pm
Quoting MarcVUM
Did you check out Shahab's post on E/U?
http://www.forexfactory.com/showpost...postcount=4633
I looked at that, I am looking at longing in the same place but only if it gets there next week or the week after. If it gets there this week it will go lower.
  • #9,438
  • Nov 16, 2010 9:41pm Nov 16, 2010 9:41pm
Quoting erikte279
Sweet.....
I'm surprised to be looking at such a small target, but I had a little epiphany last week about letting each trade set it own parameters, so there it is.

Some trades shoot for 1000 pips, some for 40. The market is what it is.
  • #9,439
  • Nov 16, 2010 9:47pm Nov 16, 2010 9:47pm
Yeah I'm still trying to figure out the exits. Cut your losers quick and let your profits run

Quoting Low
I'm surprised to be looking at such a small target, but I had a little epiphany last week about letting each trade set it own parameters, so there it is.

Some trades shoot for 1000 pips, some for 40. The market is what it is.
Annoying Precision
  • #9,440
  • Nov 16, 2010 9:49pm Nov 16, 2010 9:49pm
I find swing trading much easier to determine your exits...intraday is a bit more tricky

Quoting erikte279
Yeah I'm still trying to figure out the exits. Cut your losers quick and let your profits run
Annoying Precision
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