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Nearly Naked (Simple Trades)

  • #9,921
  • Edited 6:31am Dec 23, 2010 3:38am | Edited 6:31am
Aussie goes well...Amys 1.0190 looks possible.. just closed half mine at 1.0035..Looking to buy Euro.. around 3040.. based on Petres harmonic wave tech.. and week R1..also 87.5 retrace..also Amys weekly 3048 and daily 3055..and 2 fibo extentions at this point.. also volume appears to be in accumilation mod on the 4 and 1 hr to me..
  • #9,922
  • Dec 23, 2010 4:14pm Dec 23, 2010 4:14pm
OK guys, take a look at my AUDUSD H4.
Where do you think the Aussie dollar will spend Christmas?
You can see my H4 upper and lower trendlines and the H1 upper and lower trendlines. And, and, and, OMG! Is that a stable?
Attached Image (click to enlarge)
Click to Enlarge Name: 24-12-10-audusd-H4.jpg Size: 77 KB
  • #9,923
  • Dec 24, 2010 12:53am Dec 24, 2010 12:53am
Another buy opppppp.........................................
  • #9,924
  • Dec 24, 2010 2:06am Dec 24, 2010 2:06am
TP 30 - 50 pips
SL 25 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 99 KB
  • #9,925
  • Dec 24, 2010 3:10am Dec 24, 2010 3:10am
exited position at 1.5440 average

30 pips finished for today

Saxons post are really interesting.

I like P & F charting a whole new prospective.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp nice trade.jpg Size: 145 KB
  • #9,926
  • Dec 24, 2010 9:34pm Dec 24, 2010 9:34pm
Quoting ianlikesgolf
exited position at 1.5440 average

30 pips finished for today

Saxons post are really interesting.

I like P & F charting a whole new prospective.
Hi Ian,
Glad you like P and F. Good for spotting solid Support and Resistance
  • #9,927
  • Dec 24, 2010 9:47pm Dec 24, 2010 9:47pm
Nothing much on GU due to the holidays. Probably wont get exciting till Jan. But here is a little of what I am looking at.
Attached File(s)
File Type: pdf GU.pdf   255 KB | 346 downloads
  • #9,928
  • Dec 25, 2010 12:04am Dec 25, 2010 12:04am
Hi Saxon happy Xmas . What's ur view on gj?
  • #9,929
  • Dec 25, 2010 12:38pm Dec 25, 2010 12:38pm
Quoting bonus76
Hi Saxon happy Xmas . What's ur view on gj?
Merry Christmas to you too! GJ is not one of my usual pairs but I will pull it up and have a look and post it in a sec
  • #9,930
  • Dec 25, 2010 1:33pm Dec 25, 2010 1:33pm
Quoting Saxon
Merry Christmas to you too! GJ is not one of my usual pairs but I will pull it up and have a look and post it in a sec
Here, I ranted a little in it
Attached File(s)
File Type: pdf GJ.pdf   430 KB | 346 downloads
  • #9,931
  • Dec 25, 2010 2:11pm Dec 25, 2010 2:11pm
Quoting Saxon
Here, I ranted a little in it
Also, about that self-fulfilling prophecy rant. Imagine if you and the counterparty were the only people trading GBPUSD. What would the Price Action look like? If PA was coming up to fibs and you didn't trade them, what would happen? Are technicals a self-fulfilling prophecy? If you view the market as a larger example of this, as the buyers and sellers make up 2 individuals in the a market. Just something to think about....
  • #9,932
  • Dec 25, 2010 2:27pm Dec 25, 2010 2:27pm
Quoting Saxon
I would place a Limit Buy at fib
38 with a 50 pip SL and made 700-800 pips. More than most high frequency traders make in a year.
We do not think things as pips. It's rewards & risks (ratio). Your example gives about RR 15. The same result can be done by the 5 pip SL in a one day.

SG
  • #9,933
  • Dec 25, 2010 2:36pm Dec 25, 2010 2:36pm
Quoting scalpguy
We do not think things as pips. It's rewards & risks (ratio). Your example gives about RR 15. The same result can be done by the 5 pip SL in a one day.

SG
Sorry if I offended you ScalpGuy. That wasn't my intention. Please see my quote again:

I would place a Limit Buy at fib
38 with a 50 pip SL and made 700-800 pips. More than most high frequency traders make in a year.

I have met very few profitable High-Frequency traders and most of them were Black Box Algorithms. I know there are probably many out there that trade high frequency and are profitable. I just have not met you yet. Probably because you are sitting in front of a M5-M10 chart with your finger on the trigger. Most people are medium to long term traders. And 99% of the liquidity/capital out there is long-term to very long-term.
  • #9,934
  • Dec 25, 2010 2:50pm Dec 25, 2010 2:50pm
Quoting Saxon
Sorry if I offended you ScalpGuy. That wasn't my intention. Please see my quote again:

I would place a Limit Buy at fib
38 with a 50 pip SL and made 700-800 pips. More than most high frequency traders make in a year.

I have met very few profitable High-Frequency traders and most of them were Black Box Algorithms. I know there are probably many out there that trade high frequency and are profitable. I just have not met you yet. Probably because you are sitting in front of a M5-M10 chart with your finger on the...
You're correct I really am sitting but M1 & S15 TFs. M5-10 hides too much information for me.

Not offended. Was just my opinion...

SG
  • #9,935
  • Dec 25, 2010 3:08pm Dec 25, 2010 3:08pm
Quoting Saxon
Nothing much on GU due to the holidays. Probably wont get exciting till Jan. But here is a little of what I am looking at.

Thanks Saxon, best thing I’ve had since Christmas. Yes it’s Boxing Day over here in Aussie and a very important cricket match against the English starts today. See you later.


  • #9,936
  • Dec 25, 2010 4:02pm Dec 25, 2010 4:02pm
I am from the same school of thought. I like to stick to the majors as there is more than enough to go around and if you can move when the smart money comes into the market-you can take some good scores.


I hope you and yours had a very Merry Christmas and I wish you a healthy, happy New Year!!!!!

Mike
  • #9,937
  • Dec 25, 2010 8:09pm Dec 25, 2010 8:09pm
Quoting Saxon
Sorry if I offended you ScalpGuy. That wasn't my intention. Please see my quote again:

I would place a Limit Buy at fib
38 with a 50 pip SL and made 700-800 pips. More than most high frequency traders make in a year.

I have met very few profitable High-Frequency traders and most of them were Black Box Algorithms. I know there are probably many out there that trade high frequency and are profitable. I just have not met you yet. Probably because you are sitting in front of a M5-M10 chart with your finger on...

38 fib is it at 5270 on ur picture? Cnt see it clearly from my mob. Ian without Internet till 10th jan
  • #9,938
  • Dec 25, 2010 8:55pm Dec 25, 2010 8:55pm
Quoting calderone
I am from the same school of thought. I like to stick to the majors as there is more than enough to go around and if you can move when the smart money comes into the market-you can take some good scores.


I hope you and yours had a very Merry Christmas and I wish you a healthy, happy New Year!!!!!

Mike
Same to you Mike ! Good to be posting again. I ate to much at the Parent's house so I'm just vegging on the couch.
  • #9,939
  • Dec 26, 2010 8:32am Dec 26, 2010 8:32am
Hi Saxon. After ur post was reading about black box algorithms and seems very interesting. Can u recommend a system or someone that uses black box algorithms?
  • #9,940
  • Dec 26, 2010 10:00am Dec 26, 2010 10:00am
I wish Saxon, calderone, Marc, Amy and the rest of ya'll the very best over the holidays (and beyond)

I hope you're all enjoying all the good food, the family, and the vacation.

I haven't posted much here on FF for a long time, and should make it as a new years promise to be more active here in 2011!

I've been working hard to save up for a small capital to get my track record started, I should be ready in a month or two.

Everything is good here, going to 'distance' school after new years as well. I'm taking a few classes, to use the 'free' time I have while I'm unemployed.

The very best wishes to you all from Iceland!

Peace~
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
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