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Trade What You See - Almost Naked Trading

  • #581
  • Oct 4, 2010 6:19pm Oct 4, 2010 6:19pm
Quoting sashasan
has anybody noticed the yen? is it too late now?
should be long at 83.3xx
Let's walk through it. All TFs including H1 are long.Third tap happened on current candle. Roughly two more hours are left on this candle. What is next most logical resistence area? Around 83.90? PA has gone up 20-25 pips already..you decide. Let us know what you are going to do.
  • #582
  • Oct 4, 2010 6:20pm Oct 4, 2010 6:20pm
Quoting WaveTop
This thread has been a pleasure to watch for so many different reasons. LG, has taken the simplest of ideas and made it work - more importantly, she worked it to her advantage.

Ah, I like it when somebody uses the simple to confound the wise.

I guess you can just...... on, with your bad self.
That's too cute! Thanks a million (pips).
  • #583
  • Oct 4, 2010 6:27pm Oct 4, 2010 6:27pm
Quoting sashasan
well, your pic is .jpeg but MT4 does only .bmp or .gif
Yes, the original image came out blurry so I chucked it into photoshop and changed the format and image quality.. however it didnt help
  • #584
  • Oct 4, 2010 6:27pm Oct 4, 2010 6:27pm
Quoting lawgirl21
Let's walk through it. All TFs including H1 are long.Third tap happened on current candle. Roughly two more hours are left on this candle. What is next most logical resistence area? Around 83.90? PA has gone up 20-25 pips already..you decide. Let us know what you are going to do.
i would jump in if it would be cable or canadian dollar, here i think its too late
a really strange intensive move for this time moreover
  • #585
  • Oct 4, 2010 6:32pm Oct 4, 2010 6:32pm
Quoting pierre23
EU currently +105 pips. Position was entered with a 10pip stop so I am happy with this trade. I think I will move SL to + and see how this pair develops today.

Screenshot attached, Red lines are weekly channel, Blue daily channel and Green H4 channel. Will we see price reach the lower daily, or perhaps towards the lower weekly sometime soon? This is where trade management comes into play to try and maximize profit (patience).

Sorry the screenshot is shitty quality for some reason..
Excellent! I really like this chart..
  • #586
  • Oct 4, 2010 6:33pm Oct 4, 2010 6:33pm
Quoting sashasan
i would jump in if it would be cable or canadian dollar, here i think its too late
a really strange intensive move for this time moreover
That would be my decision.
  • #587
  • Oct 4, 2010 6:35pm Oct 4, 2010 6:35pm
Quoting pierre23
EU currently +105 pips. Position was entered with a 10pip stop so I am happy with this trade. I think I will move SL to + and see how this pair develops today.

Screenshot attached, Red lines are weekly channel, Blue daily channel and Green H4 channel. Will we see price reach the lower daily, or perhaps towards the lower weekly sometime soon? This is where trade management comes into play to try and maximize profit (patience).

Sorry the screenshot is shitty quality for some reason..
You could probably trade this chart all week and not look at another pair.
  • #588
  • Oct 4, 2010 6:48pm Oct 4, 2010 6:48pm
Quoting pierre23
EU currently +105 pips. Position was entered with a 10pip stop so I am happy with this trade. I think I will move SL to + and see how this pair develops today.

Screenshot attached, Red lines are weekly channel, Blue daily channel and Green H4 channel. Will we see price reach the lower daily, or perhaps towards the lower weekly sometime soon? This is where trade management comes into play to try and maximize profit (patience).

Sorry the screenshot is shitty quality for some reason..
Look at this chart from a Support/Resistence standpoint. Same colors: Red=Weekly; Blue = daily and Green = H4

It's going to really have to travel to reach next daily (blue) down. Could happen this week, I guess, but I don't think it's likely.
Attached Image (click to enlarge)
Click to Enlarge Name: tuesday1.gif Size: 10 KB
  • #589
  • Oct 4, 2010 6:49pm Oct 4, 2010 6:49pm
Quoting lawgirl21
You could probably trade this chart all week and not look at another pair.
Definitely. check it out now, we're reaching the H4 bottom channel.. lets see if we can break through it or another bounce?
  • #590
  • Oct 4, 2010 6:54pm Oct 4, 2010 6:54pm
Quoting lawgirl21
Look at this chart from a Support/Resistence standpoint. Same colors: Red=Weekly; Blue = daily and Green = H4
I like it. From your chart you can see there is plenty of opportunity.
  • #591
  • Oct 4, 2010 7:00pm Oct 4, 2010 7:00pm
Quoting lawgirl21
Look at this chart from a Support/Resistence standpoint. Same colors: Red=Weekly; Blue = daily and Green = H4

It's going to really have to travel to reach next daily (blue) down. Could happen this week, I guess, but I don't think it's likely.
If it can break and perhaps close below the H4 channel we may be able to count on it hitting the first H4 support you plotted soon
  • #592
  • Oct 4, 2010 7:03pm Oct 4, 2010 7:03pm
Quoting pierre23
If it can break and perhaps close below the H4 channel we may be able to count on it hitting the first H4 support you plotted soon
I'm going to wait for the next H4 candle change and if PA is still down and 3 TFs continue to indicate short, I going to enter and see if it hits the H4 support line.
  • #593
  • Oct 4, 2010 7:27pm Oct 4, 2010 7:27pm
Quoting Ph22
Yes indeed lol! The yellow line is secondary TL so hoping one or both will hold. If not, I will exit.
I have just exited this GBPJPY trade @ BE. It has gone nowhere in last 10 or so hours and BOJ has rate decision/speech later.
  • #594
  • Oct 4, 2010 7:30pm Oct 4, 2010 7:30pm
How you find down the S/R on wkly, Daily and Hr that you have on the chart?

thanks,
p4p
  • #595
  • Oct 4, 2010 8:01pm Oct 4, 2010 8:01pm
Quoting Ph22
I have just exited this GBPJPY trade @ BE. It has gone nowhere in last 10 or so hours and BOJ has rate decision/speech later.
I did the same thing.
  • #596
  • Oct 4, 2010 8:03pm Oct 4, 2010 8:03pm
Quoting lawgirl21
I'm going to wait for the next H4 candle change and if PA is still down and 3 TFs continue to indicate short, I going to enter and see if it hits the H4 support line.
PA seems to have stalled out. Will keep an eye on it.
  • #597
  • Oct 4, 2010 8:05pm Oct 4, 2010 8:05pm
I am still in this trade short. It has been stalled out for the past 4 candles.
  • #598
  • Oct 4, 2010 8:14pm Oct 4, 2010 8:14pm
Quoting lawgirl21
PA seems to have stalled out. Will keep an eye on it.
See attached image. If price breaks the top horizontal line with momentum I will exit my trade. The pullback to this area was fully expected, however if it continues up with force I will close out. Playing the waiting game
Attached Image (click to enlarge)
Click to Enlarge Name: sr.jpg Size: 59 KB
  • #599
  • Oct 4, 2010 8:41pm Oct 4, 2010 8:41pm
Using the same chart that has weekly, daily and H4 S/R levels marked, I have moved to the H1 chart, looking to for H1 4candle entry.
Attached Image (click to enlarge)
Click to Enlarge Name: tuesday1.gif Size: 14 KB
  • #600
  • Oct 4, 2010 8:49pm Oct 4, 2010 8:49pm
Quoting lawgirl21
Using the same chart that has weekly, daily and H4 S/R levels marked, I have moved to the H1 chart, looking to for H1 4candle entry.
What do you think, 36.04 or so for a TP?

Seems like a lot of support @ 36....
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