Nearly Naked (Simple Trades) | Page 438 | 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)

  • #8,741
  • Sep 21, 2010 8:10pm Sep 21, 2010 8:10pm
you can't even be truthful to yourself


falsehood - you lose
  • #8,742
  • Sep 21, 2010 8:11pm Sep 21, 2010 8:11pm
Quoting stiven
Hi all,

Love the analysis on here, been reading a while but haven't posted. Just had a quick question for the group. I've limited my trading lately to trading the gaps when market reopens after the weekend and it has proven to be a good trade most weeks. But afer last weeks open, there are a large number of gaps still open, I'm looking primarily at A/U around 9280 and E/U around 1.27. Does anyone here use gaps as part of their analysis/trading? Seems strange that these gaps haven't closed yet... any thoughts?

stiven just answered your post.
http://www.forexfactory.com/showpost.php?p=4038737&postcount=23402

  • #8,743
  • Sep 21, 2010 8:15pm Sep 21, 2010 8:15pm
l forget more in my sleep than you understand that the fx market is actual a virtual programme


do you think a leverage of 1 to 100 or 50 or 500 actually exisits?



it doesn't

fx is a virtual programme to move real funds from your accounts to those who design the programme - too fcuked up to believe?
  • #8,744
  • Sep 21, 2010 8:18pm Sep 21, 2010 8:18pm
leverage is a means of quicker removal of your funds


new traders think it great - high leverage - cough
  • #8,745
  • Sep 21, 2010 8:19pm Sep 21, 2010 8:19pm
right - back to fibs


all you traders out there - explain to me WHY you use fibs?
  • #8,746
  • Sep 21, 2010 8:20pm Sep 21, 2010 8:20pm
not how but why?
  • #8,747
  • Sep 21, 2010 8:22pm Sep 21, 2010 8:22pm
show me any chart - any pair and any tf and l will do my best to trade it real time


bring it with or without fibs
  • #8,748
  • Sep 21, 2010 8:24pm Sep 21, 2010 8:24pm
Attached Image (click to enlarge)
Click to Enlarge Name: cj.jpg Size: 99 KB



update south
  • #8,749
  • Sep 21, 2010 8:26pm Sep 21, 2010 8:26pm
Thanks for the response Marc and Peter. I'm holding on for gap close and have reached the maximum exposure as per my trading plan so have to sit and wait... would love to add another couple of positions at these levels but can't do it... thanks again and good luck.

Quoting MarcVUM
Hi Stiven. Yes, I trade gaps and this one will close it is just a matter of time. This one surprised me because typically (in my experience) they close within 8 hours. Some traders have 9700 on their radar but who really knows. Just trade what you see!
  • #8,750
  • Sep 21, 2010 8:35pm Sep 21, 2010 8:35pm
Quoting stiven
Thanks for the response Marc and Peter. I'm holding on for gap close and have reached the maximum exposure as per my trading plan so have to sit and wait... would love to add another couple of positions at these levels but can't do it... thanks again and good luck.

do you use fibs or extensions in any manner Stiven - if so can you explain your trading plan with regards to it to me


just a foot note - l have been in many trading rooms and thrown out of many trading rooms, but this was assuming to me...............a professional trader stated in this live trading room " the 200 ema gave price support "


l asked the person who stated this the following - eh


" if you took the 200 ema off your charts - does that mean price would have fell ? "


fair question or did it cut into your falsehood a little too much?
  • #8,751
  • Sep 21, 2010 8:38pm Sep 21, 2010 8:38pm
my name is Red
  • #8,752
  • Sep 21, 2010 8:39pm Sep 21, 2010 8:39pm
........... with a sword
  • #8,753
  • Sep 21, 2010 8:42pm Sep 21, 2010 8:42pm
not a single trader here can explain WHY they use FIBS - awh man


wanna see harmonics and why they work?


they are fib constuctions with 2 corrective waves within them - but its a trap


the makers know you - retail use fibs so they use fibs against you - hence harmonics exist in fx to trap retail
  • #8,754
  • Sep 21, 2010 8:44pm Sep 21, 2010 8:44pm
not a single trader here with a pulse of a plan they can put out on the line



awh well - will be on the otherside of your trade
  • #8,755
  • Sep 21, 2010 9:04pm Sep 21, 2010 9:04pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-24_1327.png Size: 433 KB
  • #8,756
  • Sep 21, 2010 9:19pm Sep 21, 2010 9:19pm
Quoting redsword11
show me any chart - any pair and any tf and l will do my best to trade it real time

bring it with or without fibs
hey red..... any chart you say..... here you go.... gbpjpy with my current open trades on it..... hope you don't mind my taking a head start.......

i'm fixin to grab a cold one and head to the workout room..... will check back later......h
Attached Image(s) (click to enlarge)
Click to Enlarge Name: red 3.gif Size: 50 KB
Click to Enlarge Name: red 2.gif Size: 50 KB
Click to Enlarge Name: red.gif Size: 50 KB
to trade and code, keep both simple... no call to impress....h
  • #8,757
  • Sep 21, 2010 9:32pm Sep 21, 2010 9:32pm
Sorry Red, can't help you out here. Fib's aren't part of my plan but I'd like to learn more about them. Like my earlier post stated, only trading I've been doing lately is around gaps chasing. Other than that, my basic trading knowledge consisted of looking for macd divergence and extreme rsi readings.

Quoting redsword11
do you use fibs or extensions in any manner Stiven - if so can you explain your trading plan with regards to it to me


just a foot note - l have been in many trading rooms and thrown out of many trading rooms, but this was assuming to me...............a professional trader stated in this live trading room " the 200 ema gave price support "


l asked the person who stated this the following - eh


" if you took the 200 ema off your charts - does that mean price would have fell ? "


fair question or did it cut into your falsehood a...
  • #8,758
  • Sep 21, 2010 9:34pm Sep 21, 2010 9:34pm
Quoting redsword11
not a single trader here with a pulse of a plan they can put out on the line



awh well - will be on the otherside of your trade
fibs are just a math ratio of the distance price travels that has levels where traders place their orders. Just like a lot of traders use a 200. It's a herd thing. imho
  • #8,759
  • Sep 21, 2010 9:35pm Sep 21, 2010 9:35pm
Red,
I'm more of a supply and demand guy.

  • #8,760
  • Sep 21, 2010 9:42pm Sep 21, 2010 9:42pm
Quoting hayseed
hey red..... any chart you say..... here you go.... gbpjpy with my current open trades on it..... hope you don't mind my taking a head start.......

i'm fixin to grab a cold one and head to the workout room..... will check back later......h


yes, l said any chart any pair


you brought it - ok, granted

l saw it too, never took it under that resistance cluster
1 trader viewing now