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Nearly Naked (Simple Trades)

  • #10,861
  • Mar 26, 2012 3:12pm Mar 26, 2012 3:12pm
Hi all,
Was away on Monday for work and missed the action. Well done Marc and Amy.
EU is set to cross golden 1.35 ( now in sight). Busy with my business today, but will return to trading on thursday. Good Luck all.
Attached Image (click to enlarge)
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Find a job that you love and you dont have to work again in your life.
  • #10,862
  • Mar 26, 2012 3:28pm Mar 26, 2012 3:28pm
Will the Christmas Tree complete? Good opportunity to long it down the bottom if it gets there.
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Find a job that you love and you dont have to work again in your life.
  • #10,863
  • Mar 26, 2012 3:39pm Mar 26, 2012 3:39pm
Quoting erikte279
This will be the last time you here from me for a while. I appreciate all the conversations we've had, good times. But it's time for me to hang up the gloves and move on to greener pastures before I get too old! Think I'll head back to the Farm and start Organic Vegetable Farm, maybe meet a girl!

Good Luck Friends,

Erik
that's a life style I dream of. Hopefully will be able to do the same in a few years when kids finish college and are settled. Lucky you. All the best and do keep in touch buddy.
Find a job that you love and you dont have to work again in your life.
  • #10,864
  • Mar 26, 2012 4:01pm Mar 26, 2012 4:01pm
Quoting tradoholic
Hi all,
Was away on Monday for work and missed the action. Well done Marc and Amy.
EU is set to cross golden 1.35 ( now in sight). Busy with my business today, but will return to trading on thursday. Good Luck all.
Thank you sir. Amy saw it one way and I another. It's a great thing when our different perspectives come to the same conclusion. It's also a great thing to have Amy around so that I get some kind of verification of my work.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #10,865
  • Mar 27, 2012 12:08am Mar 27, 2012 12:08am
Lookin at these friction points to the south on EU
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  • #10,866
  • Mar 27, 2012 4:25pm Mar 27, 2012 4:25pm
Aussie in the Danger zone again. This is the area I that I dont like to trade it.
EU also respected the Fan but formation of Flag on 4hr shows higher levels. Lower time frame charts ( 1hr) show a divergence and ideally I would like to see a lower level of 1.328 before I go long.
WIll start trading from tomorrow, hopefully will have some clearer picture by then.
Good Luck.
Attached Image(s) (click to enlarge)
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  • #10,867
  • Mar 28, 2012 1:59pm Mar 28, 2012 1:59pm
GU Confluence trade
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  • #10,868
  • Mar 28, 2012 2:00pm Mar 28, 2012 2:00pm
Quoting Saxon
Lookin at these friction points to the south on EU
EU took a good bounce on my first target
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  • #10,869
  • Mar 28, 2012 4:32pm Mar 28, 2012 4:32pm
Hi Saxon,
I had the same area for going long on EU. Entered at 1.3280 as shown in my previous chart. 35 pips in green at the moment. But looking at it I think the asia market will sell it again to hit my next level down of 1.3210. SL=BE for now. Warming up after a few days off.
Find a job that you love and you dont have to work again in your life.
  • #10,870
  • Mar 28, 2012 4:57pm Mar 28, 2012 4:57pm
Quoting tradoholic
Hi Saxon,
I had the same area for going long on EU. Entered at 1.3280 as shown in my previous chart. 35 pips in green at the moment. But looking at it I think the asia market will sell it again to hit my next level down of 1.3210. SL=BE for now. Warming up after a few days off.
Ya, I've closed everything.
I am looking at some of my other targets now. I got worried GU was going to push through my target but it held.

I dont think that I will be able to get any trades off on AU or NU but am still hoping I can grab some solid pips off of Europe this week.
  • #10,871
  • Mar 28, 2012 5:07pm Mar 28, 2012 5:07pm
Interesting two charts. ASX is coming to complete a text book ascending triangle, pointing to a new level of 45XX or so. All ingredients are in place including volumes etc. The other scenario is that ASX breaks downwards out of the triangle which is only 30% chances according to the text books. But then again in this market anything is possible.

On the other hand, AU is in a down trend with a second attempt to close below 1.04. I have taken a small short in AU from 1.0395 short SL this morning, targeting 1.033 and 1.03 in extension.
Other Positions open now, Long EU from 1.0280, Short GU from 1.5900

Good Luck all
Find a job that you love and you dont have to work again in your life.
  • #10,872
  • Mar 28, 2012 5:12pm Mar 28, 2012 5:12pm
Quoting tradoholic
Interesting two charts. ASX is coming to complete a text book ascending triangle, pointing to a new level of 45XX or so. All ingredients are in place including volumes etc. The other scenario is that ASX breaks downwards out of the triangle which is only 30% chances according to the text books. But then again in this market anything is possible.

On the other hand, AU is in a down trend with a second attempt to close below 1.04. I have taken a small short in AU from 1.0395 short SL this morning, targeting 1.033 and 1.03 in extension.
Other...
My charts did not appear in the last post. Trying again
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  • #10,873
  • Mar 28, 2012 6:14pm Mar 28, 2012 6:14pm
Nice charts tradoholic

I just posted over at Amys thread too.

AU is going to touch this main up trend line starting from the 4th quarter of 2011 before moving up.



the buy in zone for the 2nd quarter is 1.0320 - 1.0335. If AU goes under 1.0320 I seriously doubt it will go under by any more than 5- 20 pips.
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  • #10,874
  • Mar 28, 2012 7:21pm Mar 28, 2012 7:21pm
Quoting ianlikesgolf
Nice charts tradoholic

I just posted over at Amys thread too.

AU is going to touch this main up trend line starting from the 4th quarter of 2011 before moving up.



the buy in zone for the 2nd quarter is 1.0320 - 1.0335. If AU goes under 1.0320 I seriously doubt it will go under by any more than 5- 20 pips.
Hi Ian,
Thanks for the chart.
Counting the waves, one scenario is that we are in 4th wave down and wave 5 will take us up to 1.12 or so. If correct wave 4 should come down to 1.032 which coincides with my other levels. If it breaks that and moves to below 1.03 then will be looking at parity or .993. I think the second scenario is more likely. Anyway the shorter term target is 1.033, I will close all trades and wait to see what direction it takes from there on.
Good Luck.
Find a job that you love and you dont have to work again in your life.
  • #10,875
  • Mar 28, 2012 7:59pm Mar 28, 2012 7:59pm
What do you think?
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  • #10,876
  • Edited 8:54pm Mar 28, 2012 8:40pm | Edited 8:54pm
thankyou I really like your charts.

The hook structure is the most important to be looking at in my view.

wmd ff member his thread is worth a very serious read.
Trading with Deadly Accuracy
He is my trading coach. I also use the same levels as Amy for my trading.
the levels are totally awesome.
Amy + wmd are AAA ++ traders at the same level. Marc and Saxon also AAA ++

..............................................................

I dont trade NZD/USD.

I can not give a qualified view on it without some serious checking.

I just closed out my AU short at 1.0356. I was short the same place as you.

I post a lot over at Amys thread.

AU is hitting short term support. I have no position in the market at present.

............................................................

I do have a buy limit on AU at 1.0335 at present too.
  • #10,877
  • Mar 28, 2012 8:52pm Mar 28, 2012 8:52pm
Quoting ianlikesgolf
......

I do have a buy limit on AU at 1.0335 at present too.
Ian, I see that you have a buy limit coming up.... I will be waiting for a green pinbar or doji or spinner to show up on the M30 before going long.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #10,878
  • Mar 28, 2012 8:57pm Mar 28, 2012 8:57pm
1.0339 just had a bounce off. Im checking M30 too now. I appreciate your post thankyou.
  • #10,879
  • Mar 28, 2012 9:04pm Mar 28, 2012 9:04pm
Quoting ianlikesgolf
1.0339 just had a bounce off. Im checking M30 too now. I appreciate your post thankyou.
1.0340 was the Daily S1. Let's see what happens. Don't forget about the LTL down there too!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #10,880
  • Mar 28, 2012 9:06pm Mar 28, 2012 9:06pm
Quoting MarcVUM
1.0340 was the Daily S1. Let's see what happens. Don't forget about the LTL down there too!
Chart attached
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 153 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
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