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| No Brainer Trades |
| Live Trading and Anlaytics for the Forex Market - Daily Points and Levels. We utilize the same strategies used by institutional traders on an intraday and position basis. Solid performance and support from a seasoned professional. |
| Language: English |
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| Unique Visitors: 1871 |
| Total Unique Visitors: 4425899 |
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| Total Visitors Out: 3307 |
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| (Video) Quasi Pattern, Price Symmetry, Highs & Lows |
| 2010-02-08 05:03:00 |
Main Points:Pay attention to higher/lower lows and highs (swing points) to assess the future direction of price. A swing point is defined as: low surrounded by higher lows on each side, or, a high surrounded by lower highs on each side, though I stress you look at the bigger picture and connect these highs and lows with your eyes only, not solely on this objective reference.Note the daily macro trend, and find confluence points on where to possibly reenter/ride it out.Note the 50% mark on you last major swing; this is a general reference only. Sometimes these fades will occur previous or slightly lower than this level (61.8%, etc), but the most important requirement is confluence points (horizontal support and resistance) found in the middle of your range. Should price follow through or...
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| Price Symmetry, Highs & Lows: Step by Step Thinking Process |
| 2010-02-08 04:01:00 |
I'm oftentimes very critical of my work on this blog, as the material in it only encompasses a rather small percentage of what I would consider a full interpretation of price, and has yet to include some of the things that I look at the most on a daily basis; how to make very confident final decisions on when to actually pull the trigger on trades.This is probably the first of many posts which will cover the relationships of highs and lows, and price symmetry in general. By far, these two concepts, from a technical standpoint at least, are the most important things that I look at every single day.The relative positioning of highs and lows speak a tremendous amount about future price movements. I can't stress that enough. Next in line are the magnitude of price (steepness and degree of p...
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| Member-Posted Trades, Need Your Help |
| 2010-02-03 20:23:00 |
As I start getting ready to post trades and keep the ball rolling in terms of examples and more instructional-related posts, an older idea came back to me.A while ago, we attempted tracking member posted trades at NB levels using one person as the tracker while members felt free to post away. Needless to say, it didn't work out, but things have changed and I have a lot more at my disposal in terms of tools to use to get this done.We have a great following of traders here that enjoy speaking their minds and letting themselves be heard, and have become very adapt and skilled at what they do regularly. Some of you guys downright shock me at how good you have become. To get these ideas out there, I want to be able to aggregate a list of contributors that would be willing to share their trad...
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| Our 12 Considerations for Selecting an FX Broker |
| 2010-02-02 19:17:00 |
If this site was about knitting sweaters, my job would be a lot easier. But its not. It’s about trading, and people just simply do strange things when it comes to investing their own money.One of the questions get I asked the most is what a good broker is to use. I decided to make my own list of things I look for in order to help this question along.These types of lists are already well plastered all over the internet, I realize, though I found many of them missing out on some important points. For veteran traders, this is all second nature, but for newer traders, you might find some of these ideas useful:1. Registered and monitored by a government-run or affiliated 3rd partyThis is number one for a reason. We are talking about a place that will be holding your money; if they can run...
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| What About Other Markets? |
| 2010-02-02 13:07:00 |
A lot of people have been asking me about trading these levels on other markets from the very beginning of this blog, and while the emails pile in and I continuously see great traders sending me ideas, I rarely post anything about them.I tend to think that the FX market is more technically driven than other others, but it doesn't exclude other markets from showing very strong signs of speculative, technical input. Not by a long shot; we of course see it all the time and thousands of books have been written on the topic. But to what degree is entirely another question.I manage assets invested in currencies by trade, so while my time constraints more or less keep this blog on track in terms of solely nailing home these ideas to other forex traders, the methods used here and principles applie...
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| Trading Range Breakouts |
| 2010-02-01 20:40:00 |
Consolidation is the result of indecision and lack of conviction of the consensus of traders across the globe. Cyclical patterns develop, which at one point or another, get busted.I though I would write up a quick post to address some of the bigger issues I see traders struggling with in order to determine whether to fade a level or trade right into it.In the 1-2-3 Breakout Pattern, we look for matching highs or lows with corresponding higher lows or lower highs, respectively. But many times, our breakout level isn’t so clean, and there is a support or resistance range that keeps on getting knocked into, and price fading.For example, in the chart below, EUR/USD took a lot whacks at the top of this zone before eventually, it broke right through it.When it comes to trading breakouts on r...
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| An Alternative Way to Add Multiple Monitors |
| 2010-01-28 05:45:00 |
I recently got another PC for my home, solely for the purpose of running news feeds, communication and internet browsing. Rather than spending a lot of money getting a new graphics card, I hit the internet and saw what I could find.For my main PCs, I went all out, and purchased some advanced graphics cards that cost quite a bit of money. They support up to 4 monitors each and run at top speed with all the bells and whistles, so I didn’t mind spending the money, rather than being limited in terms of what I could do. But for this newer PC, it I didn’t need it or want it.If you are looking for just a little bit of expansion or easier way to clear up the clutter I thought the below might help, if you didn't know about these already.USB External Video CardI was able to find an adapter th...
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| Short Term Spike Base Examples |
| 2010-01-26 20:55:00 |
Cable pairs: lower than expected GDP number yesterday caused the pound to spike lower. Pushes higher on the currency caused it to revisit the consolidation area ahead of the original spike on both pairs seen below.The original spike base article can be found here: http://www.nobrainertrades.com/2009/06/spike-base-pattern.htmlI generally don't recommend trading these at such smaller timeframes but if the magnitude of the move down or up is great enough they will typically hold for a while, as was the case today.EUR/GBP 5min - Spike base at 0.8700 - good confluence with the round number. The orginal spike saw a fade from a rather textbook move circa the 0.8750 zone.GBP/USD 1min - Spike base at 1.6173; needed to go down to a 1 min chart for this one in order to see exactly where the spike b...
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| Hildebrand Reaffirming Franc Anti-Appreciation Policy; A Look Back at the SNB's Greatest Hits |
| 2010-01-24 06:07:00 |
On Friday (January 22), the Wall Street Journal released an article in which they interviewed the newly appointed head of the Swiss National Bank, Philipp Hildebrand. Through the haze and fog, one statement rang louder than the others:“Our policy is clear: We will resolutely prevent an excessive appreciation as long as there are deflationary risks.”*This isn’t the first time in recent weeks we have heard this from him, however. On January 11, he issued a similar statement, when EUR/CHF was trading in the 1.4792-1.4736 range. The quote was:"The SNB will continue to prevent any excessive appreciation of the Swiss franc against the Euro,"**In the days following that remark, EUR/CHF hit a high of 1.4807 before it came tumbling down again, driven by what many believe to be risk aversio...
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| 'The Technical Analyst' Announces Best of the Best 2010 |
| 2010-01-19 08:14:00 |
'The Technical Analyst' Magazine (UK based) announced their best of the best for 2010.For the rankings we care about, 'Best FX Research and Strategy', the winners were as follows:Informa Global Markets - http://www.informagm.com/gml/tiles.do?esi=files/home/igm_products.htmPIA - http://www.pia-first.com/index.phpRBC Capital Markets - https://www.rbccm.com/fxresearch/cid-204521.htmlRoyal Bank of Scotland - http://www.rbs.com.au/default.aspx?page=158#ResearchTRADING Central - http://www.tradingcentral.com/start.asp?p=quisommesnousUBS Investment Bank - http://www.ibb.ubs.com/Institutions/investment_research.shtml (UBS's research is actually fed through Oanda, for those interested, please see here: http://www.nobrainertrades.com/2009/05/free-resources-for-fx-traders.html)'Technical Analyst of t...
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