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Trade What You See - Almost Naked Trading

  • #121
  • Sep 29, 2010 8:09am Sep 29, 2010 8:09am
Currently long on USD/CAD from touch at 10242 and short on CAD/CHF from 9535.

Also considering long on EUR/CAD from 13944 although it hasn't quite touched. What do you think?
  • #122
  • Sep 29, 2010 8:09am Sep 29, 2010 8:09am
This maybe worth to watch but keep in mind possible

BOJ intervention:
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Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #123
  • Sep 29, 2010 8:10am Sep 29, 2010 8:10am
Potential 3 tap trade (finally this week). Watch for third tap/touch and continuing up.
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  • #124
  • Sep 29, 2010 8:20am Sep 29, 2010 8:20am
Quoting SkyzerFX
This maybe worth to watch but keep in mind possible

BOJ intervention:
Thanks Sky, I'm in it already as breakout trade.
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  • #125
  • Sep 29, 2010 8:23am Sep 29, 2010 8:23am
Quoting lawgirl21
Thanks Sky, I'm in it already as breakout trade.
Great..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #126
  • Sep 29, 2010 8:27am Sep 29, 2010 8:27am
Quoting hirnant
Currently long on USD/CAD from touch at 10242 and short on CAD/CHF from 9535.

Also considering long on EUR/CAD from 13944 although it hasn't quite touched. What do you think?
Looks like you are already in the money on USDCAD. Good job!
Attached Image (click to enlarge)
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  • #127
  • Sep 29, 2010 8:32am Sep 29, 2010 8:32am
Quoting hirnant
Currently long on USD/CAD from touch at 10242 and short on CAD/CHF from 9535.

Also considering long on EUR/CAD from 13944 although it hasn't quite touched. What do you think?
I like to have the weekly going in same direction. But PA is down. It would a toss up for me.
Attached Image (click to enlarge)
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  • #128
  • Sep 29, 2010 8:32am Sep 29, 2010 8:32am
Thanks Lawgirl21.

What do you think of the long on EURC/CAD? Does it fit your criteria?
  • #129
  • Sep 29, 2010 8:33am Sep 29, 2010 8:33am
Quoting lawgirl21
I like to have the weekly going in same direction. But PA is down. It would a toss up for me.
Sorry your reply beat mine!
  • #130
  • Sep 29, 2010 8:37am Sep 29, 2010 8:37am
Quoting hirnant
Thanks Lawgirl21.

What do you think of the long on EURC/CAD? Does it fit your criteria?
It would have, but that trade is over. That would have been almost a 200 pip trade.
  • #131
  • Sep 29, 2010 8:39am Sep 29, 2010 8:39am
ALERT: YEN, something cooking.. BOJ stepping up?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #132
  • Sep 29, 2010 8:40am Sep 29, 2010 8:40am
Chart
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  • #133
  • Sep 29, 2010 8:45am Sep 29, 2010 8:45am
Quoting SkyzerFX
ALERT: YEN, something cooking.. BOJ stepping up?
Yikes!
  • #134
  • Sep 29, 2010 8:48am Sep 29, 2010 8:48am
My tp on Eur/Cad is 14,000. Is this too conservative?

I'm not looking for a babysitter - just trying to ensure I milk the profit!
  • #135
  • Sep 29, 2010 8:51am Sep 29, 2010 8:51am
Hi lawgirl21

Interesting thread, however I am not clear on your trading plan. You mention early on that the most important thing to do is check the trend on 3 TFs then check RSI, then look for 3 touch on 4h TL.

In the last few trades you discuss you are only looking for the 3rd touch with not consideration to RSI and multiple TFs.

Can you please post some screenshots shows the 3 TFs etc?

Thanks and sorry for being a pain!

Cheers

Tim
  • #136
  • Sep 29, 2010 8:53am Sep 29, 2010 8:53am
Quoting hirnant
My tp on Eur/Cad is 14,000. Is this too conservative?

I'm not looking for a babysitter - just trying to ensure I milk the profit!
I'm not seeing this as a long trade now. H4 and daily are both short.
  • #137
  • Sep 29, 2010 8:56am Sep 29, 2010 8:56am
Quoting lawgirl21
I'm not seeing this as a long trade now. H4 and daily are both short.
Ahhhh.......right I see what you mean now!
  • #138
  • Sep 29, 2010 9:02am Sep 29, 2010 9:02am
Quoting hirnant
Ahhhh.......right I see what you mean now!
I'm sorry for the confusion. In post #130 I said that the long trade was over in my opinion.
  • #139
  • Sep 29, 2010 9:35am Sep 29, 2010 9:35am
Hi lawgirl 21, In usd/cad we have trade line which price go to TL AND COME BACK, but when looking in rsi we dont have confermation for shorting usd/cad my mean in daily is going down but in weekly is gong up.
I WANT TO KNOW is it correct to dont trade ?
  • #140
  • Sep 29, 2010 9:39am Sep 29, 2010 9:39am
Quoting wickstedFX
Hi lawgirl21

Interesting thread, however I am not clear on your trading plan. You mention early on that the most important thing to do is check the trend on 3 TFs then check RSI, then look for 3 touch on 4h TL.

In the last few trades you discuss you are only looking for the 3rd touch with not consideration to RSI and multiple TFs.

Can you please post some screenshots shows the 3 TFs etc?

Thanks and sorry for being a pain!

Cheers

Tim
Hi Tim... It's not "check the trend on 3 TFs then check the RSI". Checking the RSI on 3 different TFs is just a quick and simple way to confirm direction of trend, or no definite trend when the TFs differ.

Once we start finding trends in the direction we are looking for, because the RSI scan indicated the direction, we look for the triple taps.

Notice that really until Wednesday of this week, there were few discernable trends, thus we were looking at breakout trading....one type of trading done were trends are not established.
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