Thread: No Brainer Trades

Originally Posted by ;

GBP around 60 pips in the lower level. FYI I realize this is after the fact of the time of the transaction post. Please utilize for learning.

I managed to acquire about 100 pips from this one in about 3 hours, just to give you a sense. Anything else to contribute I will keep u posted.

I've been looking at daily ranges and particularly the ordinary range of 13 times (like the fibos) and I find that when a pair has run on its daily average range and comes close to a solid resistance/support degree it gives an excellent forecast of a little correction. Can you look at this BillyRayValentine?

EDIT: considering the UDSCAD this happened quite well today about two hours ago, the daily average range was 105pips and following moving exacly 105 pips it turned north and that has been near the weekly s1 Too

Originally Posted by ;

I have been looking at daily ranges and especially the ordinary range of 13 days (such as the fibos) and I discover that if a pair has run about its daily average range and comes close to some strong resistance/support level it provides an excellent prediction of a little correction. Do you look at that entine?

EDIT: Considering the UDSCAD this happened very nicely today about two hours before, the daily average range was 105pips and after moving exacly 105 pips it turned north and that has been close to the weekly s1 too

Sorry you have to have misunderstood me. I didn't mean daily ranges of this pair, I meant that the range of the numerous support and resistance levels.

For instance, the buy range on CAD would have been .9988 - .9970.
I'm still in this one but took some off. Gave approximately 30 pips from the top level as in the initial post, and 45 from the lower level....we'll see how it hangs.

Long EUR 1.5360 to 1.5370

EUR is currently rebounding from 1.5396 support. After this retrace, if it moves down, I'm anticipating it to 1.5363 after which a decent bounce. You might also be able to score a few pips more on 1.5396 again, but its riskier.

Originally Posted by ;

Extended USD/CAD in the 0.9986 range

you can go at parity right now and scale into a situation in the event you wanted to in case price continues to drive, which it might

Up to 46 pips from this post. 62 from degree. Still moving.

Originally Posted by ;

EUR/JPY short at 163.00. This will probably coincide with the JPY short, again, if price can get up there. EUR/JPY can get volatile occasionally so be a bit cautious on size.

Also, watch out for news with one or more one of these levels. Its is most easy approach to bust s/r.

It appears like this pair will give another crack at this in the next few minutes/hour or so. I am trying for it but with a position dimensions that is smaller. This is not 90%. Also if momentum gets too wild I might stick out entirely.

I still feel probability is good on it, but because EUR includes a magnet on reduced levels at this time and JPY might bounce from resistance again today, in which case, they go down and I get paid. We'll see what happens.

The first one could have become the ideal one to get. That paid 80 pips.

FYI all of my transactions are based on horizontal support and resistance. Diagonal trend lines prove a lot less reliable, generally speaking. Rather not take the risk if I'm not sure about something, and wait for the right time to trade. I despise losing money.

I'll use technical indiors while I'm in a trade but infrequently. I'd suggest using DeMark indiors if your livelyhood is dependent upon it. Just use something consistent and that you are familiar with.

Either way, price can not bullsh*# you like an RSI can .

I also posted these blowing off the current levels on the market and what was happening, attempting to look ahead. Both USD/CHF and USD/JPY had great trade chances on reduced level resistance today. Its still there and chances might come back again. Should you have a look at a 3 or 4 hour chart and scroll back you'll see how obvious they were. Just being honest here and you may still have the ability to create money fading these points, as price is below them right now.

Originally Posted by ;

EUR/JPY brief at 163.00. This will probably coincide with the JPY brief, again, if price can end up there. EUR/JPY can get volatile sometimes so be a little cautious on position size.

Additionally, look out for news with one or more of these levels. Its is simplest approach to float s/r.

66 pips fading this again. . .German GDP coming out in a few hours may have a - impact on this protecting...

Originally Posted by ;

Sure why not. . .here's another one:

Long AUD 0.9290, long AUD 0.9272
right now rebounding off higher level service of .9300 for approximately 33 pips.

With any of these there are several support/resistance amounts in these ranges. Some you may take some heat on if price flows up to another one, but fading the higher/lower level and breaking on the very first one isnt uncommon. So set accordingly. profit is profit.

Nailed .9290 for 25 pips thus far

There is more support at .9275 so if it heads I would fade that also

I understand that probably few if any of the original posters are seeing this thread anymore, but I wished to convey my strong gratitude for all those people who have contributed, especially BillyRayValentine, Iron-Man, Mary Pippins, and Siam before on. While I'd browse through the James16's and TraderDante's threads (and discovered immense amounts from each), this is actually the first time I've really had matters click as to why a process works. Before, I never truly understood why certain amounts mattered or I could have confidence that they would hold - specifically, an explanation of order. Now I feel more confident in my trading and in my first few tries have experienced some amazing results.

My first couple tries at this method ended up getting stopped out since I wasn't creating an appropriate range (price crept a few pips beyond and reversed), but I nailed an entrance on the NZD/USD today, although I didn't create a lot of profit out of it. I missed my first opportunity while I was sleeping but put an autotrade with a 1 pip spread stoploss in the future, and got in with about one pip drawdown until it moved in another direction. Closed the trade after it failed to crack support and then bankrupt short term resistance over the 5 minute chart. The precision with which this functions is just incredible and brings to a very nice chances.





If anybody wishes to compare or is otherwise interested I'll be happy to upload some of my other charts as an attachment. I'd really like to see this thread moving again.