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    • seattlerust replied Sep 28, 2009

      Comments — Hi Nettechs, A couple of things in your last post concerned me, assuming I understood you correctly. I'll comment on them, and please don't take offense if I misunderstood, or if you disagree. The comments are offered constructively ...

      No Brainer Trades
    • seattlerust replied Sep 14, 2009

      GBPCHF — Does it matter? We can never know whether a given trade will win or lose. We can only chose setups that, over many trades, have an edge. Then we take the trades and depend on probabilities to cause a high enough percentage of these ...

      No Brainer Trades
    • seattlerust replied Aug 26, 2009

      USDCAD — Don't ignore the 1.1030 levels though. These are fractal lows from the weekly chart and will probably have some respect. And of course the 1.1000 level itself is in confluence with the bucket. It is already showing a reaction. SR

      No Brainer Trades
    • seattlerust replied Aug 21, 2009

      Hi KomKom, First, I suggest that you review just what a Fibonacci Retracement is. For this, see this link: url You can also just type in Fibonacci Retracement in Google and review some of the first few links, of which the above is one. To use the ...

      No Brainer Trades
    • seattlerust replied Aug 13, 2009

      GBPJPY — Interceptor, here are some things to think about. You actually chose a great level to trade.....almost. Take a look at the chart I have enclosed. It appears that you traded the Figure, the 160.00 level without considering other ...

      No Brainer Trades
    • seattlerust replied Aug 3, 2009

      USDJPY Bull Gartley — Here is a setup for a Bull Gartley at 93.70-93.85. The 93.85 is old support back in May and earlier. We are near the bottom of a 500-700 pip range in the daily time frame. This may be a decent entry to ride back up to the ...

      No Brainer Trades
    • seattlerust replied Jul 20, 2009

      ATR — I do not like the MT4 calculation because it includes the Sunday market which is truncated. I use a spreadsheet that I developed to allow me to enter current day data quickly and calculate an ATR with only monday thru Friday data. I try ...

      No Brainer Trades
    • seattlerust replied Jul 20, 2009

      Numbers — Supreme, Those two numbers are leftovers from my first look at the new day. At the GMT open, I look at the ATR and place a "flag" at both the possible high and possible low from the open. Sorry to confuse. SR

      No Brainer Trades
    • seattlerust replied Jul 19, 2009

      S/R Levels — You have discovered a significant principle that many traders never realize. A S/R level is NOT a single price level. It is truly a range. This becomes more obvious when you look at your daily level on a 4H or 1H chart. Best bet ...

      No Brainer Trades
    • seattlerust replied Jul 19, 2009

      USDJPY Gartley — Yes and no, Copi. First, and perhaps most important, the level did hold out enough to pay. My trades are planned to take an initial profit as early as possible and reduce risk accordingly. I was able to do that on this trade. ...

      No Brainer Trades
    • seattlerust replied Jul 17, 2009

      USDJPY Gartley — Here is a sweet bearish Gartley on the USDJPY 1H chart this morning. Confluence with earlier fractal base and the Bucket Bottom too. I would rate this as SBR, 79, R, S, BB, FB G. SR

      No Brainer Trades
    • seattlerust replied Jul 17, 2009

      Methods — This now points to the obvious, doesn't it? Take the trade and at 20 PIPs, remove 80% of your lots, move stop to breakeven to protect your profit and leave the remaining 20% in for the long run to 100 PIPs, or stop-out at break even. ...

      No Brainer Trades
    • seattlerust replied Jul 15, 2009

      FOMC — Caution for awhile now. FOMC minutes about to be released. Could cause some volatility which some people see a the brokers going stop hunting. Nothing of the sort, of course, but s**t does happen around this kind of news event. SR

      No Brainer Trades
    • seattlerust replied Jul 12, 2009

      Why?? — OK, Sunny The answer is that you stepped in front of a freight train. Look at that long red candle on any time frame that you choose and see the momentum. When this momentum enters the market, usually from some news or other ...

      No Brainer Trades