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Nearly Naked (Simple Trades)

  • #9,641
  • Nov 26, 2010 12:51am Nov 26, 2010 12:51am
Quoting sparky08
I was wondering if anyone has an indicator which finds the most recent swing high or low?

If there are lots of candle jumbled together then I dont need that indicator, the indicator should be able to find major swing high or lows (which are visible with eyes) - I need this to integrate to an EA i am writing atm.... Thanks
You want the Mouteki ... should be a thread for it in FF. It is basically the DeMark indicator. Makes swing highs and lows automatically
In the days of old when sailors were bold, and seldom if ever contented.
  • #9,642
  • Nov 26, 2010 1:42am Nov 26, 2010 1:42am
Quoting amyc
Could do but I will be holding my longs for a breakout of that area
Hello guys,
Its very dangeriuse to hold any longs,we have HSS formation,nice chanle projection and also buterfly.I dont work lagre frames becouse i am intraday traders but maybe can help to someone,this is chart from yesterday...

Cheers

Petar
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Click to Enlarge Name: forexfaktor.gif Size: 18 KB
"Buy on fear, sell on greed !!!
  • #9,643
  • Nov 26, 2010 1:53am Nov 26, 2010 1:53am
Hi all,
Just got to Dubai and logged in time to close all shorts. Agree with Peter, its a time to sit on the side line and plan out all angles.
Find a job that you love and you dont have to work again in your life.
  • #9,644
  • Nov 26, 2010 2:06am Nov 26, 2010 2:06am
Quoting Petar_Serbia
Hello guys,
Its very dangeriuse to hold any longs,we have HSS formation,nice chanle projection and also buterfly.I dont work lagre frames becouse i am intraday traders but maybe can help to someone,this is chart from yesterday...

Cheers

Petar
I closed those longs about 12 hours ago. I think there is a very good chance the dollar just topped, i don't think we will see euro below 1.32.
  • #9,645
  • Nov 26, 2010 2:15am Nov 26, 2010 2:15am
Quoting amyc
I closed those longs about 12 hours ago. I think there is a very good chance the dollar just topped, i don't think we will see euro below 1.32.
I dont know i trade intraday with Huge succes,i said for EURUSD when he was on 1.4000 we will see 1.3000-1.3400 but large frames for me dont have any sense, to be precise,waiting profit 2,3,4,5,6 days is for me absurd becouse we have 3 session every day uniqe session and every day is story for yourself,also every day we have almost 2,3 news,and waiting 2,3,4,5,6... days is like casino,but just my view...

CHeers

Petar
"Buy on fear, sell on greed !!!
  • #9,646
  • Nov 26, 2010 3:58am Nov 26, 2010 3:58am
long eu at 1.3219, if that support holds today price will be back to 1.37 next week.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.GIF Size: 13 KB
  • #9,647
  • Nov 26, 2010 4:30am Nov 26, 2010 4:30am
Quoting amyc
long eu at 1.3219, if that support holds today price will be back to 1.37 next week.
Agree with you on technical terms, but fundamentally that may not stack up. Also US markets havent opened yet, all futures are down by about 2%, indicating a lower start. Considering its black friday and a short trading day with lower volumes, moves can be violent> I have decided to to sit on the sidelines and watch.
Find a job that you love and you dont have to work again in your life.
  • #9,648
  • Nov 26, 2010 5:04am Nov 26, 2010 5:04am
Quoting sparky08
I was wondering if anyone has an indicator which finds the most recent swing high or low?

If there are lots of candle jumbled together then I dont need that indicator, the indicator should be able to find major swing high or lows (which are visible with eyes) - I need this to integrate to an EA i am writing atm.... Thanks

Hi sparky08,
Is this what you are looking for?
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  • #9,649
  • Edited 7:24pm Nov 26, 2010 4:15pm | Edited 7:24pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting amyc
long eu at 1.3219, if that support holds today price will be back to 1.37 next week.
Hi Amy,
I was also watching that area to look for Longs.
Sure it was a hard drop this week and catching a falling knive can hurt.
But I went Long here as well, based on:

--> LTL of the Upmove that started back in June (penetrated a bit but showed a reaction here daily close slightly above)
--> 61.8 Fib of the recent rally up (Aug, 24th to Nov, 4th)
--> Got Weekly S3 @ 1.3193 (we bounced just a few pips above that)

Pretty cautious with this trade as we broke through some previous Support/Resistance Levels as well as the 100day SMA (Around 1.3280)

So a bit tricky maybe. Looks like some consolidation area here, reaching down to 1.31. Had my initial stop down there, but reconsidered now and set my SL just below todays Low.
Trade just slightly in the greens with +20pips at the close now.
(If it gaps down over the weekend and stops me out I might get a chance to re-enter, or wait for PA around 1.31. Should we gap up.. I am fine

Next week should be interesting. If it goes into my direction initial target would be 1.3440-1.3470 (Retest of broken support+50fib)
If it continues south and LTL gets broken I would look for a retest of that LTL. Time will tell!

Have a nice weekend!

-Tuner-
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"Blue Horseshoe loves Anacott Steel!"
  • #9,650
  • Nov 27, 2010 12:08am Nov 27, 2010 12:08am
Similarity
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Find a job that you love and you dont have to work again in your life.
  • #9,651
  • Nov 27, 2010 5:05am Nov 27, 2010 5:05am
Quoting Petar_Serbia
I dont know i trade intraday with Huge succes,i said for EURUSD when he was on 1.4000 we will see 1.3000-1.3400 but large frames for me dont have any sense, to be precise,waiting profit 2,3,4,5,6 days is for me absurd becouse we have 3 session every day uniqe session and every day is story for yourself,also every day we have almost 2,3 news,and waiting 2,3,4,5,6... days is like casino,but just my view...

CHeers

Petar
DEAD rite Petar...............................................
  • #9,652
  • Nov 27, 2010 5:24pm Nov 27, 2010 5:24pm
Quoting Tuner
Hi Amy,
I was also watching that area to look for Longs.
Sure it was a hard drop this week and catching a falling knive can hurt.
But I went Long here as well, based on:

--> LTL of the Upmove that started back in June (penetrated a bit but showed a reaction here daily close slightly above)
--> 61.8 Fib of the recent rally up (Aug, 24th to Nov, 4th)
--> Got Weekly S3 @ 1.3193 (we bounced just a few pips above that)

Pretty cautious with this trade as we broke through some previous Support/Resistance Levels as well as the 100day SMA (Around 1.3280)...
Hi Turner

Holding my long for now as well, my charts say eu will go lower but due to the weekly close shorts are low probability until Wednesday. If eu moves up into the start of December it will leave the dollar still bearish. I am looking for a bottom on eu around 1.30ish. Normally it will be a double bottom over 2 seperate weeks, so perhaps a low late next week and then retested the following Monday or Tuesday.

Similar scenario for au, move up Monday and Tuesday then down into 9550ish, there is going to be a heap of monthly support for it there in December. If it reaches there around the sametime the S&P reaches 1160ish and eu around 1.30 then I will go long and hold.
  • #9,653
  • Nov 27, 2010 5:26pm Nov 27, 2010 5:26pm
Quoting Petar_Serbia
I dont know i trade intraday with Huge succes,i said for EURUSD when he was on 1.4000 we will see 1.3000-1.3400 but large frames for me dont have any sense, to be precise,waiting profit 2,3,4,5,6 days is for me absurd becouse we have 3 session every day uniqe session and every day is story for yourself,also every day we have almost 2,3 news,and waiting 2,3,4,5,6... days is like casino,but just my view...

CHeers

Petar
I don't agree with one thing you have said here, sorry petar
  • #9,654
  • Nov 27, 2010 7:37pm Nov 27, 2010 7:37pm
Everyone has their own way to trade...that doesn't make anyone wrong! The trick is in bringing those differences to the table so that everyone can profit from seeing different perspectives. This thread does a great job of that and I am thankful for finding FF and so many great traders.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,655
  • Nov 27, 2010 7:59pm Nov 27, 2010 7:59pm
EURUSD, Daily, 2010 November 28

Looks like "to win the mare or loose the halter".

The whole trick is to wait now.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, Daily.jpg Size: 155 KB
  • #9,656
  • Edited 8:15pm Nov 27, 2010 8:02pm | Edited 8:15pm
EURUSD, Monthly, 2010 November 28

... roughly the same

...or you reinterpret a downward channel e.g. 1.4120 - 1.1684 since 2008.07.01 if big capital will resolve upon to trade against the Euro.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, Monthly, 2010 November 28.jpg Size: 155 KB
  • #9,657
  • Nov 28, 2010 6:48am Nov 28, 2010 6:48am
Quoting MarcVUM
Everyone has their own way to trade...that doesn't make anyone wrong! The trick is in bringing those differences to the table so that everyone can profit from seeing different perspectives. This thread does a great job of that and I am thankful for finding FF and so many great traders.
I totaly agree my friend ,i said from my view,and i wrote facts for me...Everyone has diferent view...CHeers

Petar
"Buy on fear, sell on greed !!!
  • #9,658
  • Nov 28, 2010 2:57pm Nov 28, 2010 2:57pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Petar_Serbia
I totaly agree my friend ,i said from my view,and i wrote facts for me...Everyone has diferent view...CHeers

Petar
Hey Petar.. Long time no see..
Hope you are doin fine!
Sure everyone can have a different view. And this should be about sharing views and ideas.

Cheers!
Tuner
"Blue Horseshoe loves Anacott Steel!"
  • #9,659
  • Nov 28, 2010 3:08pm Nov 28, 2010 3:08pm
Quoting Tuner
Hey Petar.. Long time no see..
Hope you are doin fine!
Sure everyone can have a different view. And this should be about sharing views and ideas.

Cheers!
Tuner
Yea my friend,very very good year,
How your trading ?
"Buy on fear, sell on greed !!!
  • #9,660
  • Nov 28, 2010 4:07pm Nov 28, 2010 4:07pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Petar_Serbia
Yea my friend,very very good year,
How your trading ?
Sounds good. Trading is going pretty well.
But as I have to concentrate on my job more now I can't really trade intraday anymore. Sometimes I can't access my charts for 1 day or 2.
So I went over to swing and longer term trades mostly. Trying to grab some pips
Good luck in your trading man!
"Blue Horseshoe loves Anacott Steel!"
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