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Nearly Naked (Simple Trades)

  • #9,481
  • Nov 19, 2010 6:03am Nov 19, 2010 6:03am
Quoting nick7r
how much do you need?
For what?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,482
  • Nov 19, 2010 7:00am Nov 19, 2010 7:00am
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.
This turned out to be a good trade. Exited the extra lot at 98.31 some 80 points. Still leaving the rest for a while. Expecting a bit of retrace from here.
Find a job that you love and you dont have to work again in your life.
  • #9,483
  • Nov 19, 2010 7:04am Nov 19, 2010 7:04am
Quoting tradoholic
This turned out to be a good trade. Exited the extra lot at 98.31 some 80 points. Still leaving the rest for a while. Expecting a bit of retrace from here.
If you have a chance before you leave please post a chart on how you determined 9910 as the entry point. I sold up there because of the M30 candle... I would like to know how you analyzed it.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,484
  • Nov 19, 2010 7:10am Nov 19, 2010 7:10am
Quoting MarcVUM
For what?
Nick7r's education
  • #9,485
  • Nov 19, 2010 7:33am Nov 19, 2010 7:33am
Quoting nick7r
Nick7r's education
the legal and accounting fees are one thing but then I've got to put together the site. the biggest challenge is the content... this will take hours upon hours of writing and movie making for which I won't get paid for until someone buys the course! Will the payoff be big enough for the time spent creating the course? Or, will I just be creating a headache for myself once customers begin to purchase the course and constantly e-mail me questions.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,486
  • Nov 19, 2010 7:40am Nov 19, 2010 7:40am
Quoting MarcVUM
If you have a chance before you leave please post a chart on how you determined 9910 as the entry point. I sold up there because of the M30 candle... I would like to know how you analyzed it.
Hi Marc,
I have three diff methods for entry and Exit, 1. Astrological hours, 2. Technical, 3. XX80, and xx10 levels.

For this entry, the hour was just the start of Saturn on the dot that the candle was forming. That is a level where I sell AU against US and JPY. The chart is attached and that is self explanatory with the areas under the Oval, also if you check the 55 week WMA, you will see that .9910 candle just touches the line.

In most cases XX10 level is a reversal ( under no news circumstances) and since this agreed with the other factors I went for it.
Here is the chart 1year 30 min
Attached Image (click to enlarge)
Click to Enlarge Name: Aussie9110.png Size: 41 KB
Find a job that you love and you dont have to work again in your life.
  • #9,487
  • Nov 19, 2010 7:55am Nov 19, 2010 7:55am
Quoting MarcVUM
the legal and accounting fees are one thing but then I've got to put together the site. the biggest challenge is the content... this will take hours upon hours of writing and movie making for which I won't get paid for until someone buys the course! Will the payoff be big enough for the time spent creating the course? Or, will I just be creating a headache for myself once customers begin to purchase the course and constantly e-mail me questions.
hahah how is it different to all the emails you get now ?
  • #9,488
  • Nov 19, 2010 7:57am Nov 19, 2010 7:57am
Quoting nick7r
hahah how is it different to all the emails you get now ?
I rarely get e-mailed or PM's now. I think people see all of the MA's on my charts and get scared!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,489
  • Nov 19, 2010 6:51pm Nov 19, 2010 6:51pm
Quoting MarcVUM
I rarely get e-mailed or PM's now. I think people see all of the MA's on my charts and get scared!
I do have to admit Marc you must know which MAs to focus on. From a post a while back i added all your MAs to one template.

There are so many i couldnt work out which way PA would go, also didnt look like it had room to move.

I still like your MA system and watch everything you post with a close eye, ive just reduced the number of MAs on the template..

hence the education couldnt come fast enough
  • #9,490
  • Nov 19, 2010 7:24pm Nov 19, 2010 7:24pm
Quoting nick7r
I do have to admit Marc you must know which MAs to focus on. From a post a while back i added all your MAs to one template.

There are so many i couldnt work out which way PA would go, also didnt look like it had room to move.

I still like your MA system and watch everything you post with a close eye, ive just reduced the number of MAs on the template..

hence the education couldnt come fast enough
Take a look at A/U and give me your thoughts on a long position. I've been thinking about it all day.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 166 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,491
  • Nov 19, 2010 9:50pm Nov 19, 2010 9:50pm
Quoting MarcVUM
Take a look at A/U and give me your thoughts on a long position. I've been thinking about it all day.
the H4 chart gives a better idea as to what I am seeing.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 145 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,492
  • Nov 21, 2010 8:17am Nov 21, 2010 8:17am
This is how I'm seeing life this week. A/U looks to be opening above the D PP and W PP...Amy does this mean we are visiting the weekly highs this week?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: spx.jpg Size: 194 KB
Click to Enlarge Name: au.jpg Size: 136 KB
Attached Image
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,493
  • Edited 9:32am Nov 21, 2010 8:57am | Edited 9:32am
After the great & most unexpected breakto me may be the opportunity this pair go for the pullback 0.9357 break level & so may short for 1-2 weeks this pair.seeing lowwer tf that it can even go pullback to parity before fall if , so at or near parity start short if h1 candle close over 0.9908 or h4 candle over 0.9927. otherwise below it be ok .
lets see
thanks ,
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdx4.gif Size: 10 KB
Click to Enlarge Name: usdx3.gif Size: 10 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #9,494
  • Nov 21, 2010 4:20pm Nov 21, 2010 4:20pm
Quoting MarcVUM
This is how I'm seeing life this week. A/U looks to be opening above the D PP and W PP...Amy does this mean we are visiting the weekly highs this week?
Should do, I am trading longs this week. There is a strong possibility eu has bottomed, daily close above 1.38 will confirm it for me.
  • #9,495
  • Nov 21, 2010 5:45pm Nov 21, 2010 5:45pm
Quoting fontu
After the great & most unexpected breakto me may be the opportunity this pair go for the pullback 0.9357 break level & so may short for 1-2 weeks this pair.seeing lowwer tf that it can even go pullback to parity before fall if , so at or near parity start short if h1 candle close over 0.9908 or h4 candle over 0.9927. otherwise below it be ok .
lets see
thanks ,
fontu
Good chart and good analysis fontu.
Agree with you there. For me, close of last week below .9910 was a good indication that this week we would possibly see more lows.
Find a job that you love and you dont have to work again in your life.
  • #9,496
  • Nov 21, 2010 5:51pm Nov 21, 2010 5:51pm
Quoting MarcVUM
This is how I'm seeing life this week. A/U looks to be opening above the D PP and W PP...Amy does this mean we are visiting the weekly highs this week?
Hi Marc,
What do you think about this chart? BARR?
Attached Image (click to enlarge)
Click to Enlarge Name: AUBARR.png Size: 38 KB
Find a job that you love and you dont have to work again in your life.
  • #9,497
  • Nov 21, 2010 6:29pm Nov 21, 2010 6:29pm
Quoting tradoholic
Hi Marc,
What do you think about this chart? BARR?
I'm not sure that I see what you are seeing? Technically you would think that A/U would go down but this time I really think the fundamentals / global macro trend is in favor of A/U staying around 1.00. I think the big boys are playing this like the commodities and using the exponential population growth and less supply of commodities to run the price up...plus you got to add in the difference in rates between the U.S. and Aus. Then on top of that you have all of the QE from the Fed. I just don't see how it's going to drop...I mean we had the Ireland issue last week and if it was going to drop it should have showed more downside pressure.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,498
  • Nov 21, 2010 7:19pm Nov 21, 2010 7:19pm
Quoting MarcVUM
I'm not sure that I see what you are seeing?...
I agree with you on the fundamental issues. But considering the role of China and the global risk factor that drive the AUD, I cant see that sustainable, specially with the pressures on China to fight infltion. Further more I think that tightening of monetary and fiscal policies are indications of recessions which would be ultimately designed by politicians to fight inflation.
It will be interesting to see the response of chinese markets today.
I closed all my trades before on Friday and cashed in the profits before heading off, but just took a short position on A/U at 99.36. In HK now, heading to China and then on to Dubai.
Take care.
Find a job that you love and you dont have to work again in your life.
  • #9,499
  • Nov 21, 2010 7:36pm Nov 21, 2010 7:36pm
Quoting tradoholic
I agree with you on the fundamental issues. But considering the role of China and the global risk factor that drive the AUD, I cant see that sustainable, specially with the pressures on China to fight infltion. Further more I think that tightening of monetary and fiscal policies are indications of recessions which would be ultimately designed by politicians to fight inflation.
It will be interesting to see the response of chinese markets today.
I closed all my trades before on Friday and cashed in the profits before heading off, but just took a...
Keep in touch while you are away!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,500
  • Nov 21, 2010 9:17pm Nov 21, 2010 9:17pm
Quoting MarcVUM
the H4 chart gives a better idea as to what I am seeing.
Hi Marc

been going over your chart all weekend.

I think im missing what you see. I can see the Stochs has ticked up along with the candles.

also what does the count of 1-9 represent to you?

also it is obvious that the red band has closed and i presume this is the start of a green band, but i dont know what this indicator is?
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