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Bored Fibonacci trade RR: 1:1.2 82 replies

Bored? Want to Help a Newbie? 10 replies

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I'm Bored...Let's Trade

  • #1
  • First Post: May 29, 2015 1:00pm May 29, 2015 1:00pm
Rules are post your trades and we can discuss them together! Please try to keep negative comments to a minimum if none at all. Enjoy!
Good luck and may the odds be ever in your favor!
  • #2
  • May 29, 2015 1:10pm May 29, 2015 1:10pm
The first trade of this forum will be on the USDCAD. This pair looks like it will form a tweezer tops on the daily TF. Looking at this pair you can see it stalled out once it hit the previous consolidation range I have outlined on my charts. I am short at 1.2454 with a stop at 1.2537 and a target at the next support level which is around 1.1800. Feel free to chime in!
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Good luck and may the odds be ever in your favor!
  • #3
  • May 29, 2015 2:25pm May 29, 2015 2:25pm
Buying @ 1.2425, but I trade shorter time frames.
  • #4
  • May 31, 2015 4:22pm May 31, 2015 4:22pm
Quoting gotMoxy
Buying @ 1.2425, but I trade shorter time frames.
i have closed this trade and will wait for further bearish divergence
Good luck and may the odds be ever in your favor!
  • #5
  • Edited 10:14pm May 31, 2015 9:51pm | Edited 10:14pm
Quoting dbutton1990
{quote} i have closed this trade and will wait for further bearish divergence
You letting your emotions get the best of you? I think a short-term sell is a good idea, because of a daily 61.8 fib right around the .2500 BRN. Not to mention all the previous support (turned resistance?) around that area. I've got a sell limit at 1.2490, SL 1.2540, TP 1.2410. Only risking about $25 on this one
  • #6
  • May 31, 2015 10:40pm May 31, 2015 10:40pm
just would like to see a better sell signal. How about a sell on the usd/jpy targeting 122.90 and a sell on the gbp/jpy targeting 180. Usd/jpy just tagged a major monthly resistance line and imo is ready for a decent sized pullback. The gbp/jpy has a top formed on the daily chart
Good luck and may the odds be ever in your favor!
  • #7
  • May 31, 2015 11:20pm May 31, 2015 11:20pm
Quoting dbutton1990
just would like to see a better sell signal. How about a sell on the usd/jpy targeting 122.90 and a sell on the gbp/jpy targeting 180. Usd/jpy just tagged a major monthly resistance line and imo is ready for a decent sized pullback. The gbp/jpy has a top formed on the daily chart
I am short on UJ but do think there is tremendous heavy hitters targeting higher 125+
However some pressure release is necessary for further up.
To me important levels are 123.33 122.18/
122.90 is irrelevant should 123.33 fall
Notice how accurately price bounced off from R38
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #8
  • Jun 1, 2015 6:37pm Jun 1, 2015 6:37pm
Quoting gotMoxy
Buying @ 1.2425, but I trade shorter time frames.
Could've been a good one, unfortunately it never dropped down to that lvl and my order never triggered should've went 1.243 :/. Oh well at least I didn't lose any
  • #9
  • Jun 2, 2015 5:27pm Jun 2, 2015 5:27pm
BUY USD CAD. Bounce off support and is primed for a run at 130
Good luck and may the odds be ever in your favor!
  • #10
  • Jun 2, 2015 7:25pm Jun 2, 2015 7:25pm
check out the EURUSD guys. See how it stopped it's "Big" run up right before the resistance line. I could be way wrong, but a short here would do everybody some good. I made over 10k a couple weeks ago by going long on the dollar. I think that the dollar letup today was nothing more then a retrace. You couldn't ask for a better setup prior to the non-farm payrolls and the ECB meeting. Long dollar! Look at your charts, they don't lie.
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Good luck and may the odds be ever in your favor!
  • #11
  • Jun 2, 2015 9:02pm Jun 2, 2015 9:02pm
Yeah, I say its getting ready to bounce. But I'm just a newbie any opinions?
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  • #12
  • Jun 2, 2015 10:44pm Jun 2, 2015 10:44pm
Quoting dbutton1990
check out the EURUSD guys. See how it stopped it's "Big" run up right before the resistance line. I could be way wrong, but a short here would do everybody some good. I made over 10k a couple weeks ago by going long on the dollar. I think that the dollar letup today was nothing more then a retrace. You couldn't ask for a better setup prior to the non-farm payrolls and the ECB meeting. Long dollar! Look at your charts, they don't lie. {image}
Hello Mr buttons. I have decide to stop by your thread, as you recommended, in the high impact news section of this site. I do see that your recommendation is to see EU because it failed to break the "resistance" line, but my question to you is as follows. If I was to have sold at the red line which you have indicated on your chart above then what would my stop loss be? Would it be a close across that red line on a lower tf?
My avatar is the perfect reflection of "social trading".
  • #13
  • Jun 3, 2015 8:06am Jun 3, 2015 8:06am
Quoting interesting1
{quote} Hello Mr buttons. I have decide to stop by your thread, as you recommended, in the high impact news section of this site. I do see that your recommendation is to see EU because it failed to break the "resistance" line, but my question to you is as follows. If I was to have sold at the red line which you have indicated on your chart above then what would my stop loss be? Would it be a close across that red line on a lower tf?
When selling, I always set my stop 15 pips above resistance.
Good luck and may the odds be ever in your favor!
  • #14
  • Jun 3, 2015 12:31pm Jun 3, 2015 12:31pm
Euro getting tricky. Daily chart shows higher lows are being made. Testing area of resistance outlined on chart. I am still bearish on the EURO but that view is starting to shift. I Think Friday will determine the future trend of the EURO. Look for a test of the current trendline for now
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Good luck and may the odds be ever in your favor!
  • #15
  • Jun 3, 2015 12:38pm Jun 3, 2015 12:38pm
Potential bear setup on the GBPUSD. Nice H/S formation. Could sell here with a stop at 1.53 and a TP at 1.45. Of course it wouldn't be a straight drop, which means plenty of opportunities. What do you guys think?
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Good luck and may the odds be ever in your favor!
  • #16
  • Jun 3, 2015 12:42pm Jun 3, 2015 12:42pm
Another good sell opportunity here on the NZDUSD. I'm in this trade right now. Up about 10 pips. Notice the bounce of the trendline. I'm targeting the .70 handle on this pair.
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Good luck and may the odds be ever in your favor!
  • #17
  • Jun 3, 2015 12:45pm Jun 3, 2015 12:45pm
I saw a post on FF about how the AUD downtrend had been broken. This was not true as the downtrend started way back at the 1.00xx handle. Looking at the daily we are still in this range. This has to come to an end soon. What the catalyst will be for this I don't know. Continue to trade the range though between .80 and .75. I am short on the AU right now targeting .75.
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Good luck and may the odds be ever in your favor!
  • #18
  • Jun 3, 2015 5:54pm Jun 3, 2015 5:54pm
AUDNZD trade setup. Risk of 20 pips for 40 pips. Selling this pair due to a top H/S formation. Looking to TP around the upper trendline.
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Good luck and may the odds be ever in your favor!
  • #19
  • Jun 3, 2015 8:39pm Jun 3, 2015 8:39pm
Target just about hit. Data was worse then expected for aussie. I will see how this pair acts around the Trendline. If it breaks I will move my TP lower
Good luck and may the odds be ever in your favor!
  • #20
  • Jun 3, 2015 8:43pm Jun 3, 2015 8:43pm
Sold the aud/jpy based on a TL break. This one should be a great return. Target is open. This trade has the potential to be worth several hundred pips.
Attached Image (click to enlarge)
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Good luck and may the odds be ever in your favor!
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