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Peaks and Valleys (Trading Naked)

  • #381
  • Feb 20, 2008 4:15pm Feb 20, 2008 4:15pm
Hi people,

End of day 3 update.

I will keep posting my results.

BR
Dani_M
Attached File(s)
File Type: xls Dan_Mir P & V trading log.xls   59 KB | 500 downloads
  • #382
  • Feb 20, 2008 5:36pm Feb 20, 2008 5:36pm
Quoting freevey
DAN_MIR... I wasn't saying tighter stops were wrong and you should "watch out". I wanted to know how you trade with tighter stops... i.e. - if you found a way to use a tighter stop (keeping losses small ) and still make decent gains. Thanks.

SOMEBODY out there is TALKIN' . Word got out... My last 4 of 6 were losses where I got triggered by (no joke) 3-5 pips on EVERY one of them, then reversed on the next bar straight the other way. It's like THEY know... I don't know who THEY are but I do know that THEY are out there.
Oh Come On Freevey. Are you trading hundreds of thousands of dollars? Nobody out there cares about my orders or yours. Except you and me. You have seen how price bounces around on the 5m charts, especially the E/J and G/J ... noise is what it is.
  • #383
  • Feb 20, 2008 6:05pm Feb 20, 2008 6:05pm
Quoting Lou
Oh Come On Freevey. Are you trading hundreds of thousands of dollars? Nobody out there cares about my orders or yours. Except you and me. You have seen how price bounces around on the 5m charts, especially the E/J and G/J ... noise is what it is.

I sure he was just trying to make light of his recent losses. I think at one time or another we all thought that someone was just watching our account only, and waiting to get us

Good work freevey, Don't let them get you

AZ
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #384
  • Feb 20, 2008 7:09pm Feb 20, 2008 7:09pm
Quoting Lou
Oh Come On Freevey. Are you trading hundreds of thousands of dollars? Nobody out there cares about my orders or yours. Except you and me. You have seen how price bounces around on the 5m charts, especially the E/J and G/J ... noise is what it is.
Lighten up, Lou! I think Freevey was simply suffering from a case of good humor. Hopefully it's catchy.
Greetings from Guanajuato, Mexico
  • #385
  • Feb 20, 2008 9:09pm Feb 20, 2008 9:09pm
Quoting yen44x
Lighten up, Lou! I think Freevey was simply suffering from a case of good humor. Hopefully it's catchy.
As was I.
  • #386
  • Feb 20, 2008 9:38pm Feb 20, 2008 9:38pm
Quoting yen44x
Lighten up, Lou! I think Freevey was simply suffering from a case of good humor. Hopefully it's catchy.
  • #387
  • Feb 20, 2008 9:52pm Feb 20, 2008 9:52pm
ummm... strictly attempted humor . I KNEW I shouldn't joke until I finished the entire "market jokes for the not-so-funny-traders" book. I'll stick to trading only from now on.
  • #388
  • Feb 20, 2008 10:22pm Feb 20, 2008 10:22pm
Quoting Lou
As was I.
Fair enough . . . it could be that I no longer recognize light-hearted banter unless it's accompanied by a smiley face.
Greetings from Guanajuato, Mexico
  • #389
  • Feb 20, 2008 10:30pm Feb 20, 2008 10:30pm
Quoting dan_mir
People,
My broker, ODL (MT4), doesn't allow closing part of the trade, so managing take profit at several prices is impossible, unless you open multiple orders for the same trade and close them one by one as your trade advances.
Please take a look at the following link. this guy developed a brilliant tool that may make our lives much easier because it allows you to set the price, and the orders will be opened automatically when the price reaches that point.
For us (users of this thread), the entry price is well known, and we know it hours before we enter a trade. We can use this EA , get a voice alert when the price was reached and the trade orders were executed. All that we have to do is to manage the take profit.
What do think ?
Dani_M
The link - http://www.youtube.com/watch?v=weXR8Poqya4

Dani_M

Just a question... in your situation regarding closing a part of a trade, can you place a sell order for say half of your original order, assuming it was a buy. So when the sell is hit, half your trade is taken off, with the rest still riding. Or if your broker doesnt allow fractional positions, then never mind.
  • #390
  • Feb 21, 2008 12:18am Feb 21, 2008 12:18am
Quoting Lou
Dani_M
Just a question... in your situation regarding closing a part of a trade, can you place a sell order for say half of your original order, assuming it was a buy. So when the sell is hit, half your trade is taken off, with the rest still riding. Or if your broker doesn't allow fractional positions, then never mind.
Sorry ODL,
I spoke with their support a few hours ago, and they show me the way to do it. I can close part of the trade and take partial profit. I will triple my trade size, and close it third after third if it goes in the right direction. otherwise, SL will close it all.
BR
Dani_M
  • #391
  • Feb 21, 2008 11:31am Feb 21, 2008 11:31am
Hey, guys! What happened? It was a good day for P&V until now! 80 pips for now and another 50 floating... Missed that opportunity on U/J. Like I was blind or something...
Attached Image (click to enlarge)
Click to Enlarge Name: u-j.gif Size: 43 KB
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #392
  • Feb 21, 2008 11:38am Feb 21, 2008 11:38am
i was using the daily tm and was long GBP/CHF and GBP/JPY... was up about 400 pips on both pairs now am down........ just look at the chart
  • #393
  • Feb 21, 2008 12:46pm Feb 21, 2008 12:46pm
anybody knows why price acted that way?
  • #394
  • Feb 21, 2008 1:11pm Feb 21, 2008 1:11pm
Quoting spotless1212
anybody knows why price acted that way?
G/J is a beast, and G/C is a relative of the beast. 200-300 pip days are not unlikely with either pair.
  • #395
  • Feb 21, 2008 1:31pm Feb 21, 2008 1:31pm
kevin do you still use indicators? any form of indicator?
  • #396
  • Feb 21, 2008 1:41pm Feb 21, 2008 1:41pm
Quoting spotless1212
kevin do you still use indicators? any form of indicator?
It depends how I'm trading...

Right now I'm trading off of 5-minute and 1-minute chart, so I use Std. Deviation to detect volatility. Volatility is more of a factor on shorter timeframes. One could also use bollinger bands, which are based off of standard deviations.

I also have a 20 moving average on my chart, but it's not used very much. Just to tell me where price has been the most over the last 20 periods.

EDIT: Images not working, let me see what I can do here..

http://forexfactory.com/attachment.p...6&d=1203621442
  • #397
  • Feb 21, 2008 1:53pm Feb 21, 2008 1:53pm
Quoting kharvell
It depends how I'm trading...

Right now I'm trading off of 5-minute and 1-minute chart, so I use Std. Deviation to detect volatility. Volatility is more of a factor on shorter timeframes. One could also use bollinger bands, which are based off of standard deviations.

I also have a 20 moving average on my chart, but it's not used very much. Just to tell me where price has been the most over the last 20 periods.

EDIT: Images not working, let me see what I can do here..

http://forexfactory.com/attachment.p...6&d=1203621442

using the bollinger band before London opens seem to work on the 1minute tm..cos as soon as london opens bollinger band is going to catch the trend
  • #398
  • Feb 21, 2008 1:55pm Feb 21, 2008 1:55pm
Quoting kharvell
It depends how I'm trading...

Right now I'm trading off of 5-minute and 1-minute chart, so I use Std. Deviation to detect volatility. Volatility is more of a factor on shorter timeframes. One could also use bollinger bands, which are based off of standard deviations.

I also have a 20 moving average on my chart, but it's not used very much. Just to tell me where price has been the most over the last 20 periods.

EDIT: Images not working, let me see what I can do here..

http://forexfactory.com/attachment.p...6&d=1203621442

using the bollinger band before London opens seem to work on the 1minute tm..cos as soon as london opens bollinger band is going to catch the trend.
.. .. mennnnn i dont know..trading naked wasn't a good idea on the dailytm today. was freaking cold today..
  • #399
  • Feb 21, 2008 2:49pm Feb 21, 2008 2:49pm
Here’s a situation. We have U/C for today. As it can be seen there are several consecutive formations of peaks and valleys. If we are going to place our pending buy and sell orders with the normal stop losses for them (45-50 pips), they would be too large in these conditions of the market, resulting in the overlapping of the orders. These can lead to a scenario in which there are open simultaneously a buy and a sell order. I hope I made myself clear. Any of you more experienced traders are free to answer. I’m looking forward! Btw, a great day today for P&V, although I missed some opportunities.
Attached Image (click to enlarge)
Click to Enlarge Name: chf-usd.gif Size: 43 KB
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #400
  • Feb 21, 2008 5:57pm Feb 21, 2008 5:57pm
Quoting TheThing
Attached
Excellent pdf on price action! 25 pages of tradeable knowledge. Thanks!
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