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Trade What You See - Almost Naked Trading

  • #221
  • Sep 30, 2010 9:12am Sep 30, 2010 9:12am
shorted this pr @ 1.5761, I'll keep close eye on this one as I missed the break of the trend line and got in a little late.
  • #222
  • Sep 30, 2010 9:15am Sep 30, 2010 9:15am
Quoting piprac
shorted this pr @ 1.5761, I'll keep close eye on this one as I missed the break of the trend line and got in a little late.
You should get some good, quick pips.
  • #223
  • Sep 30, 2010 9:16am Sep 30, 2010 9:16am
Up 25 pips already. Anyone else in this trade?
  • #224
  • Sep 30, 2010 9:19am Sep 30, 2010 9:19am
Will you take trade if it reaches this trendline and S/R level?
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  • #225
  • Sep 30, 2010 9:20am Sep 30, 2010 9:20am
Quoting lawgirl21
Just entered long. All TFs are long. Three taps and PA continues in long direction.
This example raises a question for me about how you draw your trendline. You have it starting at the 7th candle back. Why not one candle even further back than that? Or, if you went from bottom to bottom, I would think you might even go back to the long red candles which both defined the bottoms of retracements.

It also looks to me like the last method would get you close to a trade, but not in it. I can't verify this on my account because my charts use different close times for the candles and show a somewhat different picture.
  • #226
  • Sep 30, 2010 9:21am Sep 30, 2010 9:21am
Quoting lawgirl21
Up 25 pips already. Anyone else in this trade?
Nope but in the EUR/CHF 1.3326100
  • #227
  • Sep 30, 2010 9:30am Sep 30, 2010 9:30am
Quoting duffypratt
This example raises a question for me about how you draw your trendline. You have it starting at the 7th candle back. Why not one candle even further back than that? Or, if you went from bottom to bottom, I would think you might even go back to the long red candles which both defined the bottoms of retracements.

It also looks to me like the last method would get you close to a trade, but not in it. I can't verify this on my account because my charts use different close times for the candles and show a somewhat different picture.

DP, I knew I would get some questions on my TL there. I could have drawn it further back. Look at the chart below, yellow line, with TL drawn further back. Nothing really changed. Had I not "come late" I would probably enter long there, but I did not find the trade at that time. I determined that the trade was still "live" when I scanned it and entered it.
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  • #228
  • Sep 30, 2010 9:33am Sep 30, 2010 9:33am
Quoting JGforex7780
Nope but in the EUR/CHF 1.3326100
What is your TP on EURCHF?
  • #229
  • Sep 30, 2010 9:46am Sep 30, 2010 9:46am
Hello Lawgirl21,
I like your system. Very straight forward and easy to understand. Thanks for helping.

Sincerely,
chonghm
  • #230
  • Sep 30, 2010 9:49am Sep 30, 2010 9:49am
Quoting lawgirl21
Up 25 pips already. Anyone else in this trade?
Out with +22 pips.
  • #231
  • Sep 30, 2010 9:52am Sep 30, 2010 9:52am
Quoting lawgirl21
What is your TP on EURCHF?
Out with +15 pips.
  • #232
  • Sep 30, 2010 9:53am Sep 30, 2010 9:53am
Quoting chonghm
Hello Lawgirl21,
I like your system. Very straight forward and easy to understand. Thanks for helping.

Sincerely,
chonghm
Thanks for joining us.
  • #233
  • Sep 30, 2010 10:06am Sep 30, 2010 10:06am
Is this setup valid?
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  • #234
  • Sep 30, 2010 10:12am Sep 30, 2010 10:12am
Quoting PurePrice
Is this setup valid?
Weekly, Monthly charts are long. Daily and H4 are short. Current PA is short. Too mixed for me, especially if you are looking to go long. I would stay out.
  • #235
  • Sep 30, 2010 10:16am Sep 30, 2010 10:16am
Maybe a breakout trade for quick pips..
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  • #236
  • Sep 30, 2010 10:22am Sep 30, 2010 10:22am
Quoting PurePrice
Is this setup valid?

Thanks. I will keep an eye on this one and watch PA. I am watching EurUSD as well, it is touching the TL 3rd time now, and it is at a doublezero (1.3600)... what do you think about going long here?
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  • #237
  • Sep 30, 2010 10:31am Sep 30, 2010 10:31am
Quoting lawgirl21
Maybe a breakout trade for quick pips..
lawgirl, where would you put your tp, sl for this breakout trade ? would you take it if the risk reward is less than 1:1 ?
  • #238
  • Sep 30, 2010 10:31am Sep 30, 2010 10:31am
Quoting lawgirl21
Maybe a breakout trade for quick pips..
Just took short trade here as a breakout trade. Will probably get in and out pretty quickly.
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  • #239
  • Sep 30, 2010 10:34am Sep 30, 2010 10:34am
Quoting PurePrice
Thanks. I will keep an eye on this one and watch PA. I am watching EurUSD as well, it is touching the TL 3rd time now, and it is at a doublezero (1.3600)... what do you think about going long here?
Same as AUDUSD. Mixed directions. I wouldn't go long at this time.
  • #240
  • Sep 30, 2010 10:36am Sep 30, 2010 10:36am
Quoting roundrock
lawgirl, where would you put your tp, sl for this breakout trade ? would you take it if the risk reward is less than 1:1 ?
I don't look at ratios, only logical places. For this trade, since I believe it is a countertrend trade, I am looking at 15-20 pips.
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