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Peaks and Valleys (Trading Naked)

  • #541
  • Mar 24, 2010 9:18am Mar 24, 2010 9:18am
Quoting nasir.khan
These are our PPZ's. See how they flip the price over and over again. I learned them from J16.
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Some yen trades.
(Did't took AJ.)
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  • #542
  • Mar 24, 2010 1:26pm Mar 24, 2010 1:26pm
Here's the ones I took last night. I guess the trend thing is maybe a little bit too much a part of my game plan? I don't know.... lemme know please if I am doing anything wrong on my entries. Still have 0 plan for exits and SLs, though I am leaning greatly towards a small profit and B/E, as consistancy is definitely the way I'd like to trade.
When you mention S/R, is the main importance of it basically to a. measure the potential of the trade, and b. to, most importantly, not trade into it? Thanks as always

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  • #543
  • Mar 26, 2010 3:53am Mar 26, 2010 3:53am
if you turn that last chart right-side up, it almost looks like alfred hitchcock
  • #544
  • Mar 26, 2010 10:50am Mar 26, 2010 10:50am
Quoting Jlr
When you mention S/R, is the main importance of it basically to a. measure the potential of the trade, and b. to, most importantly, not trade into it? Thanks as always

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you got it right.
P.S just went long on the break of cable 4H peak. sorry no chart posting from mobile.
  • #545
  • Mar 27, 2010 2:10am Mar 27, 2010 2:10am
Quoting nasir.khan
you got it right.
P.S just went long on the break of cable 4H peak. sorry no chart posting from mobile.
.
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  • #546
  • Mar 27, 2010 2:16am Mar 27, 2010 2:16am
Quoting nasir.khan
Some yen trades.
(Did't took AJ.)
.
Closed half positions,Added more at breaks of high's and moved stop's.
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  • #547
  • Mar 27, 2010 2:40am Mar 27, 2010 2:40am
Quoting nasir.khan
Some more.
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Remember these.
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P.S : Seems like i am going to get stop out on these.
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  • #548
  • Mar 29, 2010 12:46am Mar 29, 2010 12:46am
Hey, guys, just recently read through this entire thread and can see it goes back a ways; shame I only just now discovered it while googling around for topics on naked trading.

Nevertheless, I am intrigued by the strategy and am hoping to start practice trading it tomorrow morning on my micro account. I did have a question that goes back to something the original poster (Kevin) answered some time ago:

Quote
Pairs I trade (and I just made one recent change of AUD/JPY to AUD/NZD):

AUD/NZD
CAD/JPY
EUR/USD
GBP/CHF
GBP/JPY
USD/CHF

Reasons? Not too much correlation. Only 2 max holding per currency or rather:

2 JPY's
2 CHF's
2 USD's
2 GBP's
1 CAD
1 NZD
1 AUD
1 EUR

Correlation exists, but it's not going too overboard. That's my plan for now, I agree with Swingtrade65 about 6 pair max, and trade at your own risk.
He mentioned pairs often change their nature on a year-to-year basis and I guess I'm wondering if most of you still use these pairs for the reasons Kevin mentioned? Do you still feel it's best to stick with charting no more than six pairs? Thanks
  • #549
  • Mar 29, 2010 2:17am Mar 29, 2010 2:17am
Hi Tailgun, I mainly trade E/Y. I've taken a few trades lately on Cable for the reason you mentioned- things could change with the way a pair moves, and I want to be familiar with other pairs for more options. I just love the way E/Y moves; nice and flowing. There's not much need too look at too many. They all move differently. I only watch 6.
Good luck
FF journal: Peaks and Troffs
  • #550
  • Mar 29, 2010 2:48am Mar 29, 2010 2:48am
Quoting nasir.khan
Closed half positions,Added more at breaks of high's and moved stop's.
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Here i am.....
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  • #551
  • Mar 29, 2010 2:50am Mar 29, 2010 2:50am
Quoting nasir.khan
Here i am.....
.
Been reading this thread - very nice Nasir - it's a very effective way of playing a strong trend with good %R...notice the inverted H&S on the EJ 125.00 being the neckline...
  • #552
  • Mar 29, 2010 2:52am Mar 29, 2010 2:52am
Quoting nasir.khan
.
.
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  • #553
  • Mar 29, 2010 2:55am Mar 29, 2010 2:55am
Quoting lovejoy80
Been reading this thread - very nice Nasir - it's a very effective way of playing a strong trend with good %R...notice the inverted H&S on the EJ 125.00 being the neckline...
Thanks for pointing out.
i always miss inverted H&S. . A little problem with me.

I think this time i'll be taken out.

Lets see.
  • #554
  • Mar 29, 2010 5:22am Mar 29, 2010 5:22am
Quoting nasir.khan
Here i am.....
.
Nasir - what was the reason for your first buy order on GBP / JPY?
  • #555
  • Mar 29, 2010 5:29am Mar 29, 2010 5:29am
Quoting lovejoy80
Nasir - what was the reason for your first buy order on GBP / JPY?
Touch Trade.

and you know how it was done don't you.
.
  • #556
  • Mar 30, 2010 3:12am Mar 30, 2010 3:12am
Quoting nasir.khan
Touch Trade.

and you know how it was done don't you.
.
I think so...not quite getting it all at the moment with regards the touch trades and Rac approach.

Are you still holding your positions from this thread...did you add new position on nreak of new peak in GU?
  • #557
  • Mar 30, 2010 4:18am Mar 30, 2010 4:18am
Quoting lovejoy80
I think so...not quite getting it all at the moment with regards the touch trades and Rac approach.

Are you still holding your positions from this thread...did you add new position on nreak of new peak in GU?
Nop i missed the GU but see if it comes back.
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  • #558
  • Mar 30, 2010 8:36am Mar 30, 2010 8:36am
I have a question: Since the strength of this strategy is pyramiding trends, should we only trade when a strong weekly trend appears to be underway? What if the weekly (or daily) chart shows a strong trend, but the 4-hour does not? And what if the 4-hour chart shows a strong bullish trend, but the weekly chart shows an overall bearish trend?
  • #559
  • Mar 30, 2010 11:50pm Mar 30, 2010 11:50pm
Quoting nasir.khan
Nop i missed the GU but see if it comes back.
.
aha!
u are quiet 'there', but not so here.

Kevin's thread is awesome.. good choice.
  • #560
  • Mar 31, 2010 2:06am Mar 31, 2010 2:06am
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