Nearly Naked (Simple Trades) | Page 234 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Trade Naked Candlesticks strategy 15 replies

Naked price trades 11 replies

Trading naked or keep it simple stuff.... 20 replies

Attachments: Nearly Naked (Simple Trades)
Exit Attachments

Nearly Naked (Simple Trades)

  • #4,661
  • Jun 25, 2010 12:34am Jun 25, 2010 12:34am
Quoting MarcVUM
I'm going for the long term. I'm "betting" that it just keeps falling like the weekly and daily chart indicate.
i reckon it's a very good entry there, good job!
now you just have to maximise with a good exit
i might TP at weekly pivot 1.4238
  • #4,662
  • Jun 25, 2010 12:41am Jun 25, 2010 12:41am
Quoting OvT
i reckon it's a very good entry there, good job!
now you just have to maximise with a good exit
i might TP at weekly pivot 1.4238
I'll just keep moving the S/L down as we go. Not too concerned with it...wish I could have done the same on E/U down to parity!

Now, on A/U I took 5 from the Weekly PP bounce. I know Saxon said he doesn't trade +/- 1hr from London open so that's why I didn't test it by going for 10 pips!
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 202 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,663
  • Jun 25, 2010 1:02am Jun 25, 2010 1:02am
Something that I was watching at the time of entry was the fact that it didn't occur outside or rubbing against the upper band of the Moving Average Envelope that I use sometimes. Looking at PA right now I'm glad I took the 5 and spared my finger nails!
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 117 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,664
  • Jun 25, 2010 1:03am Jun 25, 2010 1:03am
Quoting MarcVUM
I'll just keep moving the S/L down as we go. Not too concerned with it...wish I could have done the same on E/U down to parity!

Now, on A/U I took 5 from the Weekly PP bounce. I know Saxon said he doesn't trade +/- 1hr from London open so that's why I didn't test it by going for 10 pips!
Nice pb you're getting there.
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #4,665
  • Jun 25, 2010 1:05am Jun 25, 2010 1:05am
Quoting s2659
Nice pb you're getting there.
On Eur/Aud?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,666
  • Jun 25, 2010 1:07am Jun 25, 2010 1:07am
Quoting MarcVUM
On Eur/Aud?
no, AU. Off of the weekly piv. But the 15m really isnt my thing

edit: the chart in the post I quoted you.
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #4,667
  • Jun 25, 2010 1:10am Jun 25, 2010 1:10am
Quoting s2659
no, AU. Off of the weekly piv. But the 15m really isnt my thing
Oh yea. That's my cash flow / bread and butter. 5 - 10 pip bounces all day every day. Typically I can get 10 to 15 of those trades each day. The account has grown significantly! The other trades like the Eur/Aud trade are just increasing my wealth... I use that money to fund stock purchases that I can collect a dividend on as well as collect rent on (sell covered calls) each month.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,668
  • Jun 25, 2010 1:20am Jun 25, 2010 1:20am
Quoting s2659
no, AU. Off of the weekly piv. But the 15m really isnt my thing

edit: the chart in the post I quoted you.
You know when I first got started trading I was using the M5... I blew thousands of dollars!! Good thing I owned a business then! After that I really thought about what I was doing and stopped pulling the trigger over everything I "thought" or "expected" the market to do.

I didn't really start making good money until I asked myself a critical question: How could a blind man make money in the market? Also, what could I leave behind in terms of instructions to my wife if I were to pass away?

That's when I came up with my techniques and started grabbing my share from the market makers... an "Ah Ha" moment!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,669
  • Jun 25, 2010 1:27am Jun 25, 2010 1:27am
Quoting MarcVUM
You know when I first got started trading I was using the M5... I blew thousands of dollars!! ood thing I owned a business then! After that I really thought about what I was doing and stopped pulling the trigger over everything I "thought" or "expected" the market to do.

I didn't really start making good money until I asked myself a critical question: How could a blind man make money in the market? Also, what could I leave behind in terms of instructions to my wife if I were to pass away?

That's when I came up with my techniques and...
Great! I'm still demo-ing tho, so I'm still poor and stuff But eh, I'm pretty young so I have enough time to make some dough when I've polished my diamond (my trading skills )

the bad news is, that we here in Iceland might be heading for a second crash soon..


edit: my replies might become a little detached from what I originally planned to say... its 8:30 AM here, and I've been awake all night. So my brain is a little fried.
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #4,670
  • Jun 25, 2010 1:36am Jun 25, 2010 1:36am
Quoting s2659
Great! I'm still demo-ing tho, so I'm still poor and stuff But eh, I'm pretty young so I have enough time to make some dough when I've polished my diamond (my trading skills )

the bad news is, that we here in Iceland might be heading for a second crash soon..
Iceland isn't alone. IMO the whole world is coming to its knees! In the U.S. households file bankruptcy like it's no big deal... companies fund payroll by borrowing from the banks. Now we have countries printing money and spending like there is no tomorrow...they are going bankrupt. It is all unsustainable! The best part is that more money can be made from crashes than any other time. If you play your cards right you can take a $500 account today and make it into $250K in less than 300 trades. That's less than one year worth of work at one trade a day!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,671
  • Jun 25, 2010 1:40am Jun 25, 2010 1:40am
Regarding #4668; Thanks for the story Marc. Made me start thinking and gaze out the window for a while.

s2659: Hi neighbour trader. Why don't you tell your government to ask my government for some spare money? Surely they won't mind. We're so filthy rich we could bail out all the EZ banks anyway.
  • #4,672
  • Jun 25, 2010 1:41am Jun 25, 2010 1:41am
Quoting MarcVUM
Iceland isn't alone....
well, to make that kind of %'s in 300 trades, requires one to use excessive leverage. But yes, it can be done. But its not my style, I risk maximum 1% on each trade
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #4,673
  • Jun 25, 2010 1:44am Jun 25, 2010 1:44am
It's 4:40am est here. I don't think I can keep going without a nap plus it's my Birthday today so I think I'm going to sign off and get some rest before the festivities that my wife has planned begin!

Do me a favor and keep taking pips from the market makers while I sleep! They don't deserve the money!

http://smileys.smileycentral.com/cat/23/23_9_11.gif
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,674
  • Jun 25, 2010 1:47am Jun 25, 2010 1:47am
Quoting s2659
well, to make that kind of %'s in 300 trades, requires one to use excessive leverage. But yes, it can be done. But its not my style, I risk maximum 1% on each trade
Oh just saw this post... I understand but think of it this way... anything in your account over $500 is something you never really had in the first place so what are you really losing if you screw up a trade? If you rely on trading to make a living that's one thing but if you have a job that pays the bills right now than open two accts... trade the heck out of the one with $500 in it! Just my 2 cents! G'night.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,675
  • Jun 25, 2010 1:48am Jun 25, 2010 1:48am
Quoting MarcVUM
It's 4:40am est here. I don't think I can keep going without a nap plus it's my Birthday today so I think I'm going to sign off and get some rest before the festivities that my wife has planned begin!

Do me a favor and keep taking pips from the market makers while I sleep! They don't deserve the money!

http://smileys.smileycentral.com/cat/23/23_9_11.gif
good night! and happy birthday!!! enjoy it
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #4,676
  • Jun 25, 2010 1:48am Jun 25, 2010 1:48am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting MarcVUM
It's 4:40am est here. I don't can keep going without a nap plus it's my Birthday today so I think I'm going to sign off and get some rest before the festivities that my wife has planned begin!

Do me a favor and keep taking pips from the market makers while I sleep! They don't deserve the money!

Marc!....
Happy Birthday man!

All the best and many many pips is what I wish to you.
Enjoy your day and make your pips next week again!

Regards, Tuner
"Blue Horseshoe loves Anacott Steel!"
  • #4,677
  • Edited 3:24am Jun 25, 2010 2:00am | Edited 3:24am
Quoting MarcVUM
You know when I first got started trading I was using the M5... I blew thousands of dollars!!http://cdn.forexfactory.com/images/s..._the_floor.gif Good thing I owned a business then! After that I really thought about what I was doing and stopped pulling the trigger over everything I "thought" or "expected" the market to do.

I didn't really start making good money until I asked myself a critical question: How could a blind man make money in the market? Also, what could I leave behind in terms of instructions to...
MarcVUM you are my hero, too

Happy birthday and don't worry about pips - we'll collect them...
  • #4,678
  • Jun 25, 2010 2:04am Jun 25, 2010 2:04am


Quoting Lenart
MarcVUM you are my hero, too

Happy birthday and don't worry about pips - we'll collect them...
Annoying Precision
  • #4,679
  • Jun 25, 2010 2:14am Jun 25, 2010 2:14am
My EU short is now at B/E. since on the 1H tf price closed below 150&rising tl.

we now currently have a pretty big BEOB on the 4H tf.


looking good so far.
Attached Image (click to enlarge)
Click to Enlarge Name: BE.jpg Size: 83 KB
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #4,680
  • Jun 25, 2010 3:09am Jun 25, 2010 3:09am
WOW what a drop. Got back home and valla, Closing all shorts and going out to party. 161 pips all in all. I am not sure about the NY session. Lunar eclipse tonight actually in 15 min from now. Things can change around. Good luck all
Find a job that you love and you dont have to work again in your life.
9 traders viewing now