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Nearly Naked (Simple Trades)

  • #9,461
  • Nov 18, 2010 6:29pm Nov 18, 2010 6:29pm
Quoting tradoholic
Hi Guys,
I am with yous adding more to my shorts after I got stopped out ( for half lot).
I just shorted at 99.10, no short term target. Planning to swing.

Will it get to the Daily R1 at 99383?
Attached Image (click to enlarge)
Click to Enlarge Name: 19-11-10-audusd.gif Size: 11 KB
  • #9,462
  • Nov 18, 2010 6:32pm Nov 18, 2010 6:32pm
Quoting Peter-FX
Will it get to the Daily R1 at 99383?
http://smileys.smileycentral.com/cat/15/15_9_19.gif That's a pretty chart Peter!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,463
  • Nov 18, 2010 6:36pm Nov 18, 2010 6:36pm
Quoting MarcVUM
http://smileys.smileycentral.com/cat/15/15_9_19.gif That's a pretty chart Peter!

Thanks Marc,
If you’re looking at it all day, on and off, it’s got to be worth looking at.
  • #9,464
  • Nov 18, 2010 6:39pm Nov 18, 2010 6:39pm
Quoting MarcVUM
check out the candle forming on the M30
Hi Marc,
Can see that. I think we should be fine. It didnt cross the 55 weak wma, and as long as it closes below that in AU time today we should see more down side later, and into next week.

Astrologically, its time to buy Gold.
Find a job that you love and you dont have to work again in your life.
  • #9,465
  • Nov 18, 2010 6:46pm Nov 18, 2010 6:46pm
Quoting Peter-FX
Will it get to the Daily R1 at 99383?
My guess is that it wont close over 99.10 today, failing that 99.5 is where I would add to my shorts.
BTW i like the colours in your chart... good one.
Find a job that you love and you dont have to work again in your life.
  • #9,466
  • Nov 18, 2010 6:58pm Nov 18, 2010 6:58pm
Quoting tradoholic
My guess is that it wont close over 99.10 today, failing that 99.5 is where I would add to my shorts.
BTW i like the colours in your chart... good one.

Thanks tradoholic, good to have you back on board again.

  • #9,467
  • Nov 18, 2010 7:03pm Nov 18, 2010 7:03pm
Quoting Peter-FX
Thanks tradoholic, good to have you back on board again.

thanks mate, leaving for my business trip again 2mrw and will be back by mid Feb. I normally dont do much trading while travelling, but log in from time to time to catch up with friends. Good luck and safe trading.
Find a job that you love and you dont have to work again in your life.
  • #9,468
  • Nov 18, 2010 7:07pm Nov 18, 2010 7:07pm
Quoting tradoholic
thanks mate, leaving for my business trip again 2mrw and will be back by mid Feb. I normally dont do much trading while travelling, but log in from time to time to catch up with friends. Good luck and safe trading.
Have a safe and successful trip.. don't forget to let me know if you are in the area!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,469
  • Nov 18, 2010 7:19pm Nov 18, 2010 7:19pm
Quoting tradoholic
thanks mate, leaving for my business trip again 2mrw and will be back by mid Feb. I normally dont do much trading while travelling, but log in from time to time to catch up with friends. Good luck and safe trading.

Thanks! Have a safe and profitable trip.

  • #9,470
  • Nov 18, 2010 7:44pm Nov 18, 2010 7:44pm
Thanks Peter and Marc,
Will be in touch.
Marc, If my deal goes through I will be in your area by mid Jan. Will send you an email before i do.

Be safe!.
Find a job that you love and you dont have to work again in your life.
  • #9,471
  • Nov 18, 2010 7:57pm Nov 18, 2010 7:57pm
.9880 and .9850 two hurdles to cross, then smooth sailing. Fingers crossed. Going out for some last minute shopping. Back in 4 hours.
Find a job that you love and you dont have to work again in your life.
  • #9,472
  • Nov 18, 2010 9:53pm Nov 18, 2010 9:53pm
im looking for a short position down to 9820...

may go long from there
  • #9,473
  • Nov 18, 2010 10:01pm Nov 18, 2010 10:01pm
Quoting nick7r
im looking for a short position down to 9820...

may go long from there
9830 was my TP but I just removed myself from the trade. +50
http://smileys.smileycentral.com/cat/23/23_9_11.gif
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,474
  • Nov 18, 2010 10:02pm Nov 18, 2010 10:02pm
Marc

I have a question regarding your scalping. Ive been doing well in my scalping but some days i find il have 3 wins, 1 loss and at BE. As you mentioned your RRR is 3:!? 15 point sL 5 pip scalp?

is this just the nature of scalping or can i improve this?

p.s thanks for the vouch!

p.s.s i cant post on last cokes post? do you know why?
  • #9,475
  • Nov 18, 2010 10:06pm Nov 18, 2010 10:06pm
Quoting nick7r
Marc

I have a question regarding your scalping. Ive been doing well in my scalping but some days i find il have 3 wins, 1 loss and at BE. As you mentioned your RRR is 3:!? 15 point sL 5 pip scalp?

is this just the nature of scalping or can i improve this?

p.s thanks for the vouch!

p.s.s i cant post on last cokes post? do you know why?
Ohh, TLC requires a person to have at least 4 V's to post on his thread. You'll get three more! You're welcome for the V... you know what you are doing.

Ya, scalping is dangerous. Once you get into a trade you are already down 2 or 3 pips depending on your broker spread so putting your S/L too close can call you out of the trade prematurely. 12 to 15 pip S/L is about all you can do. The RRR sucks but that's why you can only take the most highly probable trades when scalping. This way you are in and out in one single M15 candle or two.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,476
  • Nov 18, 2010 10:13pm Nov 18, 2010 10:13pm
Quoting MarcVUM
9830 was my TP but I just removed myself from the trade. +50
http://smileys.smileycentral.com/cat/23/23_9_11.gif
Good work!

when you coming to Aus to give lessons

tax deductible trip.
  • #9,477
  • Nov 18, 2010 10:15pm Nov 18, 2010 10:15pm
Quoting nick7r
Good work!

when you coming to Aus to give lessons

tax deductible trip.
I've been trying to get my educational website and course together but the mountain is steep. Plus it requires some capital just to protect the intellectual property. I've actually started looking at purchasing another business (gas station) in my area...since the CFTC changes really screwed with me.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,478
  • Nov 18, 2010 10:18pm Nov 18, 2010 10:18pm
Quoting nick7r

p.s.s i cant post on last cokes post? do you know why?
Hey Nick,

You could also ask Coke to put you on his buddy list, that would enable you to post there. He's a nice guy, if he likes your post history, I think he would do it.
  • #9,479
  • Nov 19, 2010 2:39am Nov 19, 2010 2:39am
thanks low

will do
  • #9,480
  • Nov 19, 2010 2:39am Nov 19, 2010 2:39am
Quoting MarcVUM
I've been trying to get my educational website and course together but the mountain is steep. Plus it requires some capital just to protect the intellectual property. I've actually started looking at purchasing another business (gas station) in my area...since the CFTC changes really screwed with me.

how much do you need?
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