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Nearly Naked (Simple Trades)

  • #10,381
  • Oct 19, 2011 4:40am Oct 19, 2011 4:40am
AU
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GREENIUS
  • #10,382
  • Oct 19, 2011 5:02am Oct 19, 2011 5:02am
Hi Traders
Interesting situation now on USDCAD
The price is crawling on 1.0100-1.0090 area.
I HOPE bulls are strong enough to support this area.
If they manage to push the price higher, we’ll have a foundation for a new beautiful head&shoulders pattern and possible 1.0400 on the target.
On the other hand bears are so close to 1.0000 that they will try to break below parity, but it’s less probability scenario for this moment….
I am neutral, watching closely, listening to the news... but supporting bull ))

Here’s bullish scenario
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Guys, I want to start new thread about FX-Options Trading. I need to collect vouchers.
If you find my analysis of any value I would appreciate any vouchers from those who are eligible.
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  • #10,383
  • Oct 19, 2011 11:23am Oct 19, 2011 11:23am
http://www.fx-arabia.com/vb/uploaded...1319041331.png
GREENIUS
  • #10,384
  • Oct 19, 2011 12:13pm Oct 19, 2011 12:13pm
http://www.fx-arabia.com/vb/uploaded...1319044371.png
GREENIUS
  • #10,385
  • Oct 20, 2011 10:42am Oct 20, 2011 10:42am
Hi Traders
It’s very interesting situation on EURUSD.
We’re getting closer to 1.36500
Loads & loads of bulls stop-loss orders below 1.36500 so if price hits that area it will trigger a massive sell out chain reaction and I am expecting a long red candle down to 1.35500...
I don't think bulls are able to support this area... We'll see

Here's bearish possible scenario
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  • #10,386
  • Oct 20, 2011 1:01pm Oct 20, 2011 1:01pm
Hey Everyone,
Back from a bit of a break. Does anyone know how to write EA's ? If so, shoot me a PM. It will be a very simple EA just based on 3 Moving Averages.
  • #10,387
  • Oct 20, 2011 2:19pm Oct 20, 2011 2:19pm
Not my department really. I am guessing you probably already explored this .. but have you tried Steve Hopwood & gang? (Scooby-doo ...etc.). Steve seems to build all his EA's based on other Traders' strategies. I heard particularly great feedback about Squalou as well.


Quoting Saxon
Hey Everyone,
Back from a bit of a break. Does anyone know how to write EA's ? If so, shoot me a PM. It will be a very simple EA just based on 3 Moving Averages.
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #10,388
  • Oct 21, 2011 12:19am Oct 21, 2011 12:19am
USDCHF head and shoulder
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GREENIUS
  • #10,389
  • Oct 21, 2011 12:32am Oct 21, 2011 12:32am
Hi all

I think today will look similar to last Friday. I'm still holding the au longs from Tuesday and still waiting for a higher high than 1.0372.

That is my only position, I closed the eu shorts yesterday at 1.3703. I'll probably take a new short position on eu next week, not sure what price yet though.

Have a great weekend everyone, summer has finally come to Sydney and I am made for summer so i'm looking forward to it.
  • #10,390
  • Oct 21, 2011 1:22am Oct 21, 2011 1:22am
hi all,
GU is coming to a crucial stage. Strong resistance, Fibo fan and UTL all meeting on 1.58.20. Taken a small short, tight SL, will add more on the way down to 1.55xx.
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Find a job that you love and you dont have to work again in your life.
  • #10,391
  • Oct 21, 2011 1:53am Oct 21, 2011 1:53am
AUDUSD update
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GREENIUS
  • #10,392
  • Oct 21, 2011 2:30am Oct 21, 2011 2:30am
At daily chart we have R at 23.6 Febo level 1.0361 and S with 50 febo and another one at 61.8 febo ok

let go to 4h chart we find that we have sideways trend let find 161.8 for wave 1 & 2

we conclude that if price breakout underside of rectangle target will be 23.6 daily febo with 161.8 febo

and if downside target will be 61.8 +161.8 of wave 2
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GREENIUS
  • #10,393
  • Oct 21, 2011 3:18am Oct 21, 2011 3:18am
Quoting amyc
Hi all

I think today will look similar to last Friday. I'm still holding the au longs from Tuesday and still waiting for a higher high than 1.0372.

That is my only position, I closed the eu shorts yesterday at 1.3703. I'll probably take a new short position on eu next week, not sure what price yet though.

Have a great weekend everyone, summer has finally come to Sydney and I am made for summer so i'm looking forward to it.

Have a great weekend AmyC! While you get ready for summer, we get ready for a Chicago winter that's coming...burrrrrrrrrr Enjoy the weather!!!

Have a great weekend all!

Dan

  • #10,394
  • Oct 21, 2011 4:04am Oct 21, 2011 4:04am
Thanks Dan, same to you. Not sure that i could deal with a Chicago winter, I think 15 degrees is too cold here in winter.
  • #10,395
  • Oct 21, 2011 10:13am Oct 21, 2011 10:13am
GU

PA has entered my PPZ
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  • #10,396
  • Oct 21, 2011 10:37am Oct 21, 2011 10:37am
Quoting Saxon
GU

PA has entered my PPZ

Me too Saxon on my febo system strong resistance in the way
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GREENIUS
  • #10,397
  • Oct 21, 2011 12:47pm Oct 21, 2011 12:47pm
Hey Saxon and Greenius,
Just quick question ...what your SL strategy with these limit orders as price can bounce unexpectedly thus stopping out prematurely.

Thanks for your input.
  • #10,398
  • Oct 21, 2011 12:47pm Oct 21, 2011 12:47pm
xau/usd. WHAT i am seeing.
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  • #10,399
  • Oct 21, 2011 1:04pm Oct 21, 2011 1:04pm
Quoting MktScape
Hey Saxon and Greenius,
Just quick question ...what your SL strategy with these limit orders as price can bounce unexpectedly thus stopping out prematurely.

Thanks for your input.

hi man actually i split my order in several price level for example

i wanna to to short EU with 1% risk let say this 1% = 1 lot then

i start divide lot into part for example we will start 0.2 , 0.3 ,0.5 in three levels

for SL we have 3 option

1.if 4h or daily bar closed in position and level goes again your view
2.if you reach 1% risk
3.setup SL over or below strong support or resistance
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GREENIUS
  • #10,400
  • Oct 21, 2011 4:53pm Oct 21, 2011 4:53pm
Quoting MktScape
Hey Saxon and Greenius,
Just quick question ...what your SL strategy with these limit orders as price can bounce unexpectedly thus stopping out prematurely.
Thanks for your input.
Quoting greenius
hi man actually i split my order in several price level for example
I'll drop a line about STOP LOSS too...
When I am in uncertain market (consolidation or trend reversal zone) and have already gathered first profits I used to close some portion of my position.
This way I shift my breakeven point further away and lock-in some profits.

I built my own excel calculator so I can quickly calculate what portion of my position has to be closed to move my breakeven point (let’s say above 1.39000 on EURUSD).
This way I can sleep well and keep my position opened for days without worrying of being kicked out on spikes and quite often I can catch a whole big move on a pair.
In most cases my position is in danger only for first hour and this is very comfortable for me...
Before it took me really too much stress not using lock-in-profits techniques.
Well, keeping positions opened for so long has some negative aspects too….
For instance today I suffered on USDCAD after I entered LONG at 1.0094 on Wednesday.
The price has moved up twice above 1.0200 finally turning back south for good. My target was set upon 1.0310.
I ended up with only 20pips profits, which is a disappointment for me as I was already 150 in profits.
Well, anyway it’s better then being stopped out on red.

Though I need to get through Greenius’ techniques, with different SL levels and see how this works with me…
It might be worth a try…
Thanks guys and enjoy weekend!

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