No Brainer Trades - trade naked! - page 2
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Obvious short @ 1.27.47
1 Target 1.2681
2 Target 1.2642Closed at 1.2654 - 75 pips ride.
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Second target reach 1 hour after closed.... heheh!
How it works?
Sorry for stupid question
first I'm new
second I'm noob
Third I'm 16
forth English is not my first language
I just don't understand about how it works
can somebody explain me how to look at the indicators?
Real thanks for your help
ya me too..!
im in progress to read the FF forum bout noBrain Trades also the BRV blog.
it 'q quites hard to understand.
hope u can clafrify this method.
sorry my bad english.
At large, Post 1 and 9 over this thread explain the method.
Provide more precise question about your interrogation.
if not refer to post 1 and 9....
Sorry for stupid question
can somebody explain me how to look at the indicators?
Its a NO indicators method.
Look at price wave, when price break last low of last wave, up trend end.
Vice-versa.
Eur/Usd S@R
To keep it simple, all you need to find is area where price had good S or R.
Look back at historic to find those. Higher Time Frame are more accurate.
You are searching point where price as been use as a S and a R, making double U shape pattern.
Ajust ur line while scrolling down into chart time frame.
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For lower time frame then 1h, i use the 00-50-25 number, multiple last waves tops and bottoms, price pattern/action - double top, head sholder, doji, hanging man, bullish/bearish harami or engulfing bar and look for next one for direction.
I also use 8 Ema, 50 EMA and 200EMA . Those react perfectly.
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On a 1 min chart, if you wait for price making a double top then close under 50Ema and built on, after first test at 50 ema in the middle of the double top, and let say near a important level, its a 90% accuracy trade.
5 min chart will be use for larger price pattern and better look at trend. 15 min is also really good.
For the target, we can use fibos. 50% of last swing or 76%.
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Trend line aren't that good, my opinion is that you are better looking at last wave top and bottom to find if price is builting on those wave, or fading into. Double top will fade until last swing high,... When this point is broken, trend is .... broken. That make you an exact price, instead of guessing with a trend line.
Have a look over those chart, we ll developpe on question:
Hi inzider,
Is http://www.nobrainertrades.com your blog? It's an awesome resource!
Okay, now a trading question. What do you do about fakeouts? A lot of the levels that I'm picking seems to hold so I would place stop entry order in case of a break out, but as soon it would break the level, the movement wouldn't last more than the pip spread and then turn around against me. Any suggestions?
Thanks!
You can look at dow Johns in the same times, as gold and oil, then if you got some breakout on those, this will push currency higher also.
Have a look at Dow Johns today and EU, they both done a breakout. Dj, 8424 and EU 1.2500, then rise.
I know it not easy to choose level and know if they will hold. I'm still focusing on that aspect.
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- Its no my blog, its BRV one's, yes awsome ressources!
i did great last week with the levels. this week was pretty lousy. none would work out as i had anticipated. i must be doing something wrong.
Choppy friday!....
GBP chart: