Congrats, I went 1-5 ($1 trades, luckily)

No Brainer Trades

0-2 again for me last night. Presumably I should not have entered due to strong momentum, but since I'm still just in the data-gathering stage, I went ahead. gbp/jpy short @ 133.40 eur/gbp long @ .8905 Of course the pairs were correlated, so it's no ...

No Brainer Trades

Another "if it gets up there" -- AUD/USD short @ .6757-6757 4hr bucket; repeated action at that level over the past few months at least on 4hr; trendline; 50 fib of wave down from Jan 7. And if it does get up there today, it will be a bit past its ...

No Brainer Trades

Looking to go long usd/cad @ 1.2270 if it gets down there -- trendline, 50 fib of wave up from jan 8 (1.22673); 4hr bucket. One caveat is that it would only be at a daily range of about 180 at that point, and the avg is about 270.

No Brainer Trades

Honestly, I'd probably be pretty excited -- it would suggest to me that buying pressure was dying out, there were fewer and fewer buyers at each successively higher price point, thus making me think that it was approaching a spot with a ...

No Brainer Trades

I'm almost caught up with the thread and have read the pdf, but sometimes I get mixed signals. For example: BRV says a good retracement that close to your planned entry makes it much less likely that your trade will get a good bounce, particularly ...

No Brainer Trades

Sorry, I didn't mean "put off" as in "peeved", I meant would you still take your intended trade given that there was already a good retracement that close? This is actually one of my issues; what do you find is "too close" to your intended entry as ...

No Brainer Trades

You won't be put off by the fact that there was just a 100-ish pip retracement from a level that close?

No Brainer Trades

Thank you very much for the offer, and I'll probably take you up on it. I'm generally trying to just read and learn as much as I can without cluttering up the thread with lots of questions that have been asked and answered many times before. I'm ...

No Brainer Trades

I had essentially the same trade, except my chart had the res-turned-support at 131.01, so my entry was at 131.05. Got stopped out quickly. This is just a demo; live I probably would not have entered because of the strong momentum down, but I'm kind ...

No Brainer Trades

This is something I've never been quite clear on myself. The fact that NBTs are based on bounces off SR means that they are always going to be against the current trend, doesn't it? I mean, by definition you're pretty much planning to take a trade ...

No Brainer Trades

Congrats! I had one trade and it was a loser

No Brainer Trades

Possible breakout of usd/jpy below support @ 90.78. I'm in a long there because it was good-looking SR (also 38 fib of last move up), but it's looking like I'm going to lose on that one -- it's been hanging around that line for hours now, forming an ...

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What made this level stand out? I don't see anything there other than maybe a barely perceptible bump on the side of the upslope around Dec 5.

No Brainer Trades

RC, could you explain your reasoning behind this? Was it just a bounce off the same high as from Friday? I don't see any fib confluence quite that low. Also, the high on Alpari shows 145792, so depending on spread could have stopped out with a 40 ...

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Bumasoft, I don't know what trades you are taking, but consider that this thread was started for "No Brainers" -- are you only taking the ones that look like solid gold? BRV's intention was to highlight only trades with very obvious lines of SR ...

No Brainer Trades

Thanks for the reply, Siam. I actually don't have a problem keeping myself from the charts if I think that's the best plan, I guess I was going by BRV's and others talk about getting out of trades when they start stalling, thereby getting out with a ...

No Brainer Trades

It's a good area but the big bounce off it last night means it's less likely to hold this time. Certainly still a chance for a reaction but not a true "no brainer" anymore (in my opinion). Now if it breaks through to the downside, then using it as ...

No Brainer Trades

Siam (and others), how do you decide when price has stalled and it may be time to get out of a trade? What timeframe would you watch? Most of my winning trades, when I watch them, spend what feels like a long time hanging around before dropping, ...

No Brainer Trades

Where does the 1315 come from? The range I have marked is 1248 (76 fib) - 1289 (sr).

No Brainer Trades