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Trade What You See - Almost Naked Trading

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  • Post #2,701
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  • Oct 31, 2010 8:09pm Oct 31, 2010 8:09pm
  •  K7420
  • | Joined Apr 2009 | Status: Member | 200 Posts
Wow, 80 pips move in just one minute....
Failure is the mother of success: learn from 'her'
 
 
  • Post #2,702
  • Quote
  • Oct 31, 2010 8:11pm Oct 31, 2010 8:11pm
  •  LearningPIPs
  • | Joined Jan 2008 | Status: Member | 101 Posts
That was fun.. whats next?
 
 
  • Post #2,703
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  • Oct 31, 2010 8:12pm Oct 31, 2010 8:12pm
  •  dialpips
  • | Joined Oct 2008 | Status: Member | 384 Posts
any idea about this sudden spike down on eu?
 
 
  • Post #2,704
  • Quote
  • Oct 31, 2010 8:13pm Oct 31, 2010 8:13pm
  •  Cencored
  • | Joined Apr 2009 | Status: Pro Trader | 265 Posts
I'm pretty certain that this was BOJ intervention. it happened at 80.20 on UJ, which is an all-time low. UJ spiked up 120 pips.
Trading Makes Money!
 
 
  • Post #2,705
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  • Oct 31, 2010 8:13pm Oct 31, 2010 8:13pm
  •  Batavier
  • Joined Jun 2009 | Status: Member | 483 Posts
Quoting LearningPIPs
Disliked
That was fun.. whats next?
Ignored
Pity market only opens once a week!
Just trade the pullback you idiot!
 
 
  • Post #2,706
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  • Oct 31, 2010 8:14pm Oct 31, 2010 8:14pm
  •  lawgirl21
  • Joined Dec 2009 | Status: Member | 6,603 Posts
Quoting pierre23
Disliked
What just happened.... I had a sell order on AUDUSD at 0.9840 and that spike just entered me in at 0.9814. Not happy.
Ignored

Don't know what happened...medium impact news coming out on AUD in 20 mins. or so, but GBPUSD, EURUSD, were affected.. strange.
 
 
  • Post #2,707
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  • Oct 31, 2010 8:17pm Oct 31, 2010 8:17pm
  •  lawgirl21
  • Joined Dec 2009 | Status: Member | 6,603 Posts
Quoting K7420
Disliked
Wow, 80 pips move in just one minute....
Ignored

Did you catch 80 pips?
 
 
  • Post #2,708
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  • Oct 31, 2010 8:20pm Oct 31, 2010 8:20pm
  •  Cencored
  • | Joined Apr 2009 | Status: Pro Trader | 265 Posts
Quoting lawgirl21
Disliked
Did you catch 80 pips?
Ignored
LG did you manage to put on those trades on your live station? It was a very quick move.
Trading Makes Money!
 
 
  • Post #2,709
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  • Oct 31, 2010 8:23pm Oct 31, 2010 8:23pm
  •  lawgirl21
  • Joined Dec 2009 | Status: Member | 6,603 Posts
What we did over the past 3 or so hours, dear traders, is trading the gap. It's not usually that dramatic, but you got to see how PA evens the imbalance of supply and demand that is said to cause a gap in the first place. Hope everyone made some pips!
 
 
  • Post #2,710
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  • Oct 31, 2010 8:24pm Oct 31, 2010 8:24pm
  •  lawgirl21
  • Joined Dec 2009 | Status: Member | 6,603 Posts
Quoting Cencored
Disliked
LG did you manage to put on those trades on your live station? It was a very quick move.
Ignored
No I missed them both.
 
 
  • Post #2,711
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  • Oct 31, 2010 8:29pm Oct 31, 2010 8:29pm
  •  Wally1953
  • | Joined Jun 2010 | Status: Member | 393 Posts
I used a 123 formation on the 5-minute chart to enter short trade for gapfill on EU. This was to confirm direction. I'm a big fan of the 123.

Attached Image (click to enlarge)
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Name: gapfill.jpg
Size: 181 KB
"Be the change that you wish to see in the world." --Gandhi
 
 
  • Post #2,712
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  • Oct 31, 2010 8:29pm Oct 31, 2010 8:29pm
  •  4xStar
  • | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
The Swissy pair also shot up like a rocket ... across the board it was sudden dollar strength ... did Obama announce his retirement?
******************* I'd rather make money than be right.
 
 
  • Post #2,713
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  • Oct 31, 2010 8:32pm Oct 31, 2010 8:32pm
  •  lawgirl21
  • Joined Dec 2009 | Status: Member | 6,603 Posts
Quoting 4xStar
Disliked
The Swissy pair also shot up like a rocket ... across the board it was sudden dollar strength ... did Obama announce his retirement?
Ignored
I love it, but we wouldn't be that lucky!
 
 
  • Post #2,714
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  • Oct 31, 2010 9:03pm Oct 31, 2010 9:03pm
  •  Batavier
  • Joined Jun 2009 | Status: Member | 483 Posts
AUD/USD possible ditch breakout on 1 hour charts, all RSI pointing up?
Just trade the pullback you idiot!
 
 
  • Post #2,715
  • Quote
  • Oct 31, 2010 9:14pm Oct 31, 2010 9:14pm
  •  Batavier
  • Joined Jun 2009 | Status: Member | 483 Posts
Possible Ditch breakout USD/CAD on 4 1 hour charts also. RSI point down.
Just trade the pullback you idiot!
 
 
  • Post #2,716
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  • Oct 31, 2010 9:41pm Oct 31, 2010 9:41pm
  •  lawgirl21
  • Joined Dec 2009 | Status: Member | 6,603 Posts
Quoting Batavier
Disliked
Possible Ditch breakout USD/CAD on 4 1 hour charts also. RSI point down.
Ignored
I studied this pair over the weekend and found what I consider some interesting patterns over the past few weeks. Two good 3 Tap trades, but also some trend reversal patterns....marked 1,2,3,4? I am in this trade short already.
Attached Image (click to enlarge)
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Name: 4x.gif
Size: 15 KB
 
 
  • Post #2,717
  • Quote
  • Oct 31, 2010 10:17pm Oct 31, 2010 10:17pm
  •  Batavier
  • Joined Jun 2009 | Status: Member | 483 Posts
Quoting lawgirl21
Disliked
I studied this pair over the weekend and found what I consider some interesting patterns over the past few weeks. Two good 3 Tap trades, but also some trend reversal patterns....marked 1,2,3,4? I am in this trade short already.
Ignored
Thanks for this chart. Do you use RSI to confirm or just take trend line breaks?
Just trade the pullback you idiot!
 
 
  • Post #2,718
  • Quote
  • Oct 31, 2010 10:21pm Oct 31, 2010 10:21pm
  •  lawgirl21
  • Joined Dec 2009 | Status: Member | 6,603 Posts
Quoting Batavier
Disliked
Thanks for this chart. Do you use RSI to confirm or just take trend line breaks?
Ignored

This is a TL break, but RSI also confirmed direction.
 
 
  • Post #2,719
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  • Oct 31, 2010 10:27pm Oct 31, 2010 10:27pm
  •  Scrutch
  • | Joined Dec 2008 | Status: Get rich slowly... | 653 Posts
In as well via the H1-4C-BO. All RSI's were red before entry, H1 has rolled over a bit since then. Also "kinda" had a H4-3T but a bit lame.

When you start apply trendlines (the very first indicator) you start to notice all kinds of things. It's good to get back to the basics, the trendline is one of the best tools we have at our disposal and seems to be one of the last ones we put on the chart...

Quoting lawgirl21 {USDCAD}
Disliked
I studied this pair over the weekend and found what I consider some interesting patterns over the past few weeks. Two good 3 Tap trades, but also some trend reversal patterns....marked 1,2,3,4? I am in this trade short already.
Ignored
Attached Image (click to enlarge)
Click to Enlarge

Name: UC-10-30-10-H1.jpg
Size: 336 KB
Listen to the whispers.... You may learn something
 
 
  • Post #2,720
  • Quote
  • Oct 31, 2010 10:30pm Oct 31, 2010 10:30pm
  •  arnaezky
  • | Joined Oct 2010 | Status: Member | 13 Posts
hi, im new here, i hope i can learn a lot from you guys, im a new trader also, and i have a mini acc. just to try. i had some doubts about the 3 taps, if the RSI on one TF is neutral (3pm), its good signal still?

thanks, Arnaez
 
 
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