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Nearly Naked (Simple Trades)

  • #10,121
  • Aug 28, 2011 7:24pm Aug 28, 2011 7:24pm
Please see the attached Aug 28 Bookie Report

Again, if you would like this auto-sent to your email on Sunday's and Tuesday's, please send an email [email protected]
Attached File(s)
File Type: pdf AUG 28.pdf   641 KB | 314 downloads
  • #10,122
  • Aug 29, 2011 5:08am Aug 29, 2011 5:08am
Good Morning Traders. New week ahead... New headaches...
I keep trying to find some good setups for today
Let's try with SHORT-EURGBP
Strong resistance line @ 0.8880.
The price couldn't break it three times.
I expect a mid term retracement down to 0.8750 area (about 1.50% possible gains to grab)
SL above 0.8880. Choppy market so be careful...

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.jpg Size: 119 KB
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  • #10,123
  • Aug 29, 2011 5:13am Aug 29, 2011 5:13am
Support @7.7700 area.
Indicators and S/R favours short term LONG on EURNOK.
About 1.00 - 1.20% possible profits.
S/L below support line

Attached Image (click to enlarge)
Click to Enlarge Name: EURNOK.jpg Size: 130 KB
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  • #10,124
  • Aug 29, 2011 5:21am Aug 29, 2011 5:21am
My favourite today's trade is GBPDKK - LONG
Although spreads are wide I like its possible 2.50% gains if the scenario fulfills...
Strong support area @ 8.3700
This pair is strictly corelated with EURGBP, but its swings are much wider, so the profits can be bigger (and losses too) ;-))))
SL below support line.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPDKK.jpg Size: 110 KB
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  • #10,125
  • Aug 29, 2011 5:36am Aug 29, 2011 5:36am
Happy Monday Sax, what happened to the Bookies site? couldn't access this morning.

Quoting Saxon
Please see the attached Aug 28 Bookie Report

Again, if you would like this auto-sent to your email on Sunday's and Tuesday's, please send an email [email protected]
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #10,126
  • Aug 29, 2011 5:58am Aug 29, 2011 5:58am
There's one more thing I'd like to add.
Please note the markets usually are volatile during ECB J.C. Trichet press conference,
so markets today could be choppy between 2pm-2.45pm, (London time)
I don't like trading during such "events" as quite often your Stop Loss being hit only to see it goes where you wanted 10 mins later....

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  • #10,127
  • Aug 29, 2011 6:14am Aug 29, 2011 6:14am
Quoting teemo
Happy Monday Sax, what happened to the Bookies site? couldn't access this morning.
Im still trying to figure it out. It just went down for some reason.
  • #10,128
  • Aug 29, 2011 6:39am Aug 29, 2011 6:39am
Complements of Irene? lol!
How's August trading been for you? Been pretty difficult to find quality recently for me; you know I only follow 3-5 instruments and like trade 4HRly set-ups which have been really hard to find. Hope the Markets make wake up soon; am tired of the Sardines diet.




Quoting Saxon
Im still trying to figure it out. It just went down for some reason.
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #10,129
  • Aug 29, 2011 7:18am Aug 29, 2011 7:18am
Quoting teemo
Complements of Irene? lol!
How's August trading been for you? Been pretty difficult to find quality recently for me; you know I only follow 3-5 instruments and like trade 4HRly set-ups which have been really hard to find. Hope the Markets make wake up soon; am tired of the Sardines diet.
Ya, trading on higher time-frames gives fewer setups and with this current market, it's been hard to get some solid trades in. I havent been trading much of CHF since to me it is too risky right now. EUR is to range set (narrow) on my charts to give any solid setups, so you've probably noticed very few EU trades. I've been focusing a lot on GU lately. All of my CAD pairs on my H4 charts are coming into some of my targets, might see a few of those early this week. My AU setup on my report missed by half the spread, that is irritating. 1.5 pips off, haha, but oh well.

Ya, that stupid hurricane took out my website haha
  • #10,130
  • Aug 29, 2011 9:54pm Aug 29, 2011 9:54pm
EG hugging the LTL
Attached Image (click to enlarge)
Click to Enlarge Name: eg.jpg Size: 144 KB
  • #10,131
  • Aug 29, 2011 9:55pm Aug 29, 2011 9:55pm
GU testing our PPZ still
Attached Image (click to enlarge)
Click to Enlarge Name: guu.jpg Size: 140 KB
  • #10,132
  • Aug 29, 2011 9:56pm Aug 29, 2011 9:56pm
PA on it's way to PPZ at roughly .97
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.jpg Size: 131 KB
  • #10,133
  • Aug 29, 2011 9:58pm Aug 29, 2011 9:58pm
PA still working on our first PPZ, hoping it will break now and head to our more High-Prob PPZ to the north
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 139 KB
Click to Enlarge Name: ej2.jpg Size: 117 KB
  • #10,134
  • Aug 29, 2011 10:01pm Aug 29, 2011 10:01pm
I am really liking PA's interraction with the UTL of this channel. This is a daily chart, so anything on this would be a long-term trade, but would probably net 300-500 with a RRR of around 3 to 4.5
Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 106 KB
  • #10,135
  • Aug 29, 2011 10:57pm Aug 29, 2011 10:57pm
Thank You for that chart. I am in a trade going long hopeing to get out before we resume the downward trend, I think it is looking for 127.30 area, but I expect a major down turn soon after that.
  • #10,136
  • Aug 30, 2011 5:13pm Aug 30, 2011 5:13pm
I finally have a high-prob target for EU.
This is a monthly pivot, weekly S2 and fib confluence.
Target in red
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 117 KB
  • #10,137
  • Aug 30, 2011 5:17pm Aug 30, 2011 5:17pm
Weekly R1 and fib confluence on EG
Attached Image (click to enlarge)
Click to Enlarge Name: eg.jpg Size: 110 KB
  • #10,138
  • Aug 30, 2011 5:18pm Aug 30, 2011 5:18pm
Weekly S2, fib and "00" confluence
Attached Image (click to enlarge)
Click to Enlarge Name: gcad.jpg Size: 109 KB
  • #10,139
  • Aug 30, 2011 6:43pm Aug 30, 2011 6:43pm
Here is the Bookie Report for the rest of the week.
Again, if you would like it sent to your personal email, send an email to [email protected] for an auto-email twice a week.
Thanks
Attached File(s)
File Type: pdf AUG 30.pdf   820 KB | 381 downloads
  • #10,140
  • Aug 30, 2011 6:53pm Aug 30, 2011 6:53pm
Quoting Saxon
Weekly R1 and fib confluence on EG
Heh...
I watched your latest charts Saxon and if RED on EURGBP is your target - I hope you are wrong
Ha ha, yes, since yesterday I've been stuck in my GBP trade (LONG-GBP/DKK).
I did undergo nasty ups and downs today but hope GBP will make up a steady trend tomorrow…
Luckily I closed half of my position after 0.45% profits which let me to set up my SL on breakeven. Let it go!
If it goes up - GREAT, if it goes down - BREAKEVEN.
Looking on my weekly EURGBP chart I think it could hit your target but before it happens this pair needs some solid fuel to make a jump, so first it will drop down to 0.8750-0.8700 area

Well, on my other trade EURNOK I was kicked out on a wicked spike and I just gave up.
I hope rest of the week would be better...

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