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Nearly Naked (Simple Trades)

  • #11,361
  • Nov 14, 2012 3:27am Nov 14, 2012 3:27am
EJ is reaching a very interesting area -- strong SR, fib 38, round # 102, EMA200.
Your thoughts??
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  • #11,362
  • Nov 14, 2012 4:04am Nov 14, 2012 4:04am
Quoting Forexgogo
EJ is reaching a very interesting area -- strong SR, fib 38, round # 102, EMA200.
Your thoughts??
Totally agree! I am looking to short a position...
  • #11,363
  • Nov 14, 2012 7:47am Nov 14, 2012 7:47am
EJ weekly Isn't this interesting? I could go short now (My concern is UJ is still going up intact)
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  • #11,364
  • Nov 14, 2012 8:01am Nov 14, 2012 8:01am
H&S? sort of? UJ
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  • #11,365
  • Nov 14, 2012 9:58am Nov 14, 2012 9:58am
Quoting Forexgogo
H&S? sort of? UJ
Here is what I had in mind for UJ

http://www.forexfactory.com/showthre...16247&page=374
  • #11,366
  • Nov 14, 2012 10:00am Nov 14, 2012 10:00am
My take on EJ
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  • #11,367
  • Nov 14, 2012 10:18am Nov 14, 2012 10:18am
b/E triggered. moving on.
" It may mean something. It may mean nothing at all "
  • #11,368
  • Nov 14, 2012 10:37am Nov 14, 2012 10:37am
Quoting shahab8b
My take on EJ
I knew you would take this trade! So I did, but I got out at fib38/EMA200. Now I'm waiting PA to touch fib50/102.25...
As for UJ, PA came up as you predicted. I think it's going to form a kind of H&S. But I wouldn't trade it, rather try EJ.

Thank you very much for your great insight!
  • #11,369
  • Nov 14, 2012 2:26pm Nov 14, 2012 2:26pm
EU I go short with a tight SL. I believe it is in a downward channel. However a daily chart shows divergence, so, I'm extremely cautious....
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  • #11,370
  • Nov 14, 2012 2:44pm Nov 14, 2012 2:44pm
Quoting Forexgogo
EU I go short with a tight SL. I believe it is in a downward channel. However a daily chart shows divergence, so, I'm extremely cautious....
Good trade! I also believe it will go down!
  • #11,371
  • Nov 14, 2012 7:45pm Nov 14, 2012 7:45pm
AU: short setups around 1.0390-1.040 (confluence of fibs, S turned R, and weekly pivot). I also drew the ab=cd pattern on the chart for those interested.
Attached Image (click to enlarge)
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  • #11,372
  • Nov 14, 2012 8:46pm Nov 14, 2012 8:46pm
Quoting shahab8b
AU: short setups around 1.0390-1.040 (confluence of fibs, S turned R, and weekly pivot). I also drew the ab=cd pattern on the chart for those interested.
Sounds like a plan!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #11,373
  • Nov 14, 2012 8:50pm Nov 14, 2012 8:50pm
Quoting shahab8b
AU: short setups around 1.0390-1.040 (confluence of fibs, S turned R, and weekly pivot). I also drew the ab=cd pattern on the chart for those interested.
How do you trade this setup? Wait for PA or put sell orderat 1.0390
  • #11,374
  • Nov 15, 2012 1:43am Nov 15, 2012 1:43am
Quoting IgnisFx
Good trade! I also believe it will go down!
Thank you, but I'm out BE... It didn't go down
  • #11,375
  • Nov 15, 2012 2:12am Nov 15, 2012 2:12am
Quoting shahab8b
AU: short setups around 1.0390-1.040 (confluence of fibs, S turned R, and weekly pivot). I also drew the ab=cd pattern on the chart for those interested.
Hi Shahab,
Nice set up, didnt look at the 1hr chart. Thanks for sharing. I have been short in and out on this pair since last week. Built up a series of short up to 1.045, closed all today except this last one, which after seeing your set up I changed SL=BE and removed TP (for the time being) which I had set up at just below the TL 1.0330.
I had a long on GU that I had posted before, after looking at this chart and that of FTSE, I closed it with about 20 15 pips. Looks like we have a fare way to go yet.
Attached Image(s) (click to enlarge)
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Find a job that you love and you dont have to work again in your life.
  • #11,376
  • Nov 15, 2012 6:25am Nov 15, 2012 6:25am
Quoting hlakhani
How do you trade this setup? Wait for PA or put sell orderat 1.0390
You can do both. If you have time looking at the screen, you better wait for the PA, otherwise a limit order with SL and TP is fine. Here, my limit order at 1.0395 was missed. I entered manually at 85.
Attached Image (click to enlarge)
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  • #11,377
  • Nov 15, 2012 6:28am Nov 15, 2012 6:28am
Quoting shahab8b
Have to run, but here is what I'm looking at (UCAD)
UCAD short trade as mentioned earlier, moving SL to B/E.
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  • #11,378
  • Nov 15, 2012 6:29am Nov 15, 2012 6:29am
Quoting MarcVUM
Sounds like a plan!
I know you like Aussie
  • #11,379
  • Nov 15, 2012 6:34am Nov 15, 2012 6:34am
Quoting tradoholic
Hi Shahab,
Nice set up, didnt look at the 1hr chart. Thanks for sharing. I have been short in and out on this pair since last week. Built up a series of short up to 1.045, closed all today except this last one, which after seeing your set up I changed SL=BE and removed TP (for the time being) which I had set up at just below the TL 1.0330.
I had a long on GU that I had posted before, after looking at this chart and that of FTSE, I closed it with about 20 15 pips. Looks like we have a fare way to go yet.
Hi tradoholic, how is it going? Yea,AU short played out well. S&P and DJI are looking more bearish everyday, should put more pressure on AU.
  • #11,380
  • Edited 7:10am Nov 15, 2012 6:41am | Edited 7:10am
Quoting shahab8b
You can do both. If you have time looking at the screen, you better wait for the PA, otherwise a limit order with SL and TP is fine. Here, my limit order at 1.0395 was missed. I entered manually at 85.
I missed an entry. But I agree with you and tradoholic on AU. A drop can take place on daily divergence. I will enter short if only the PA bounces @ fib38/EMA200(day)/SR 1.033 and climbs up to fib50 -- not likely though.... I think I missed a big one
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