I've been holding in in all week and can't take it anymore.... — Long EUR/USD 1.5638 - 1.5929 Price should move right off the top of that last bar in the uptrend. If price weasels its way down there this week, this is where you want to go ...

No Brainer Trades

Its a possibility but not a no brainer. There is a lot of upside potential on this pair and price didnt get a clean move down. Looking at a chart right now it just looks like price has completely stalled in this area. The pair, actually most pairs, ...

No Brainer Trades

I would put it just above the next level of s/r, so in this example above 104.37. Also I would be hesitant to enter so low. We were talking about entering at 104.26. 104.00 is mushed around now and doesn't hold a lot of significance anymore. I use ...

No Brainer Trades

So for example USD/JPY today you have two possible levels of reversal. One at around 104.26 and the other at 104.37. A: Price taps the level and makes a good sized retracement. Already your chances of getting a good sized bounce on the next level ...

No Brainer Trades

Yeah basically what I'm saying is if there's an hourly close beyond a s/r level you should be looking to the next one. There is some support ar 104.00, so if price goes past it and closes beyond it on an hourly basis, you want to be looking at the ...

No Brainer Trades

Targeting 103.65 if we get a close below the 104.00 area. Not an official post but I know some were following.

No Brainer Trades

Banks shape the hourly closes — One thing I just noticed, and was chatting with another FF member here about the other day while watching CAD, was at the end of the hour, a couple seconds before the close, banks will jump in with huge orders ...

No Brainer Trades

Same story developing on USDCHF. Watch for those hourly closes throughout the day.

No Brainer Trades

Due to this last pullback 104.39 looks weaker. I would be looking higher, personally, maybe around 104.48 - 104.58 for intraday. When you have a pullback so close to another level, chances decline of the next level up sticking, and might have to ...

No Brainer Trades

Please you can call me BRV ....I just shorted USDJPY at 104.26 after it couldn't break it on that second attempt. Its a good example where you have multiple areas of s/r, and this time its using the bottom one, which isn't uncommon. Looks like ...

No Brainer Trades

Didnt mention USD/CAD....make that 7

No Brainer Trades

Mainly the following: EUR/USD, GBP/USD, USD/CHF, AUD/USD, USD/JPY and EUR/JPY. Sometimes I'll look at others but these hold more true to this strategy than others I find. The reason is there are a ton of cross out there. The chances of each pair, ...

No Brainer Trades

Its a major retracement, and I was reading about it over and over again across sell-side research. I posted it before the last pullback though (at the 1.5700 area). Now there's a pullback that happened just before it and I'm not looking at it so ...

No Brainer Trades

I've been so busy I forgot to say what happened to this trade. Price went up to 163.85 and was good for a +126 pip max run. It hit it 163.85 again today, good for another +50 pips. Harder to find a pinpoint entry, but it was still there, and it paid ...

No Brainer Trades

Price Barrier — Hey all, I just noticed something on EUR, you'll be able to see it on other major pairs as well. 1.5784 up to around 1.5813 is blocking upward movement pretty strongly. Just look at the drift, the duration of the drift, and its ...

No Brainer Trades

Hi Marsh, I'll try to answer in sequence: 1. Yes, I use limit orders because sometimes if not most times, the recation from the support/resistance line is extremely fast as I and a bunch of other people have orders waiting to be executed on it. I ...

Making Money and the Most Basic of All Basic Strategies

No sweat! Please go right ahead thanks.

Making Money and the Most Basic of All Basic Strategies

Hahahaha....nice post....I just got back from a sun-filled weekend and trying to clear the brain of any holiday mush which might be slowing me down, but to clarify some taking profit points, here is my best attempt: I keep on talking in general ...

No Brainer Trades

Sooner or later and it might be good for a small bounce but we'll have to see when it gets there. Its got to break it eventually. Its been hit a lot of times now and this last approach is recent.

No Brainer Trades

Hi Max, I started the thread with the intention of posting the highest probable trades out there. Just from experience, this is the method which has proved the most reliable over the years, especially at critical levels, which all of the trades ...

Making Money and the Most Basic of All Basic Strategies