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Trade What You See - Almost Naked Trading

  • #901
  • Oct 7, 2010 9:38am Oct 7, 2010 9:38am
Quoting lawgirl21
Resistence/Support lines: Red = Weekly; Blue = Daily; Green = H4

PA just broke daily support, but may stay put for awhile. We are looking for a hard move down.
I have had the 3rd tap on my chart. I am in short. (again)
  • #902
  • Oct 7, 2010 9:39am Oct 7, 2010 9:39am
Quoting El Dee
Well - a big thanks to you! Excellent thread that has dragged me away from ever smaller targets on ever shorter time frames; I had forgotten how less stressful larger tf's are and have netted > 200 pips in the last few days by going back to basics (and yes, I've been down the Fap T & Megadroid routes too!).
So a big thanks from the UK & keep up the great work
You have made my day!
  • #903
  • Oct 7, 2010 9:45am Oct 7, 2010 9:45am
This thread MOST closely resembles what I look for. I haven't heard from IT kid, he is not the most readily available guy, but anyways, I am looking for sub 1000 on gold. Will post charts that support my theories when I can.
  • #904
  • Oct 7, 2010 9:46am Oct 7, 2010 9:46am
Quoting lawgirl21
I have had the 3rd tap on my chart. I am in short. (again)
It's coming down, although www.drudgereport.com headline says US dollar is continuing to slide.
  • #905
  • Oct 7, 2010 9:53am Oct 7, 2010 9:53am
Quoting El Dee
This was a nice breakout that hit target whilst I was doing the school run
Good trade, El Dee.
You like pin bar, don't you?
I also trade with PB nice

Hi LG
I remember somewhere after page 50, you seem to have incorporated some trading rules using H1/H4/15M, do you think you can review and add the new rules in post no. 1. I am reading it again and again to familiarize your trading method, generally after work. I am looking at H4 tf for trading, thou I prefer Daily tf due to work. A good job done here! Keep it up

Cheers
  • #906
  • Oct 7, 2010 10:04am Oct 7, 2010 10:04am
Quoting tradpat
Good trade, El Dee.
You like pin bar, don't you?
I also trade with PB nice

Hi LG
I remember somewhere after page 50, you seem to have incorporated some trading rules using H1/H4/15M, do you think you can review and add the new rules in post no. 1. I am reading it again and again to familiarize your trading method, generally after work. I am looking at H4 tf for trading, thou I prefer Daily tf due to work. A good job done here! Keep it up

Cheers
That is a very good idea. I will try to do that, but will not be able to get to it until the weekend.
  • #907
  • Oct 7, 2010 10:08am Oct 7, 2010 10:08am
Quoting lawgirl21
Resistence/Support lines: Red = Weekly; Blue = Daily; Green = H4

PA just broke daily support, but may stay put for awhile. We are looking for a hard move down.
I agree. Here are comments I posted elsewhere:

A good short brewing? For today? Tomorrow?

NVO shows lots of activity yesterday, preparing for the run up. Now, in the US session, it is obvious from NVO that the run up has happened and that serious selling off has begun.

PA seems to have struck a consolidation zone just below previous support. This is an opportunity, while the PPMs hold the price up, to continue adding to their short positions. We may, or may not, get a sudden spike up out of this zone before another drop.
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  • #908
  • Oct 7, 2010 10:39am Oct 7, 2010 10:39am
Quoting lawgirl21
That is a very good idea. I will try to do that, but will not be able to get to it until the weekend.
LG, whenever at your convenient.
Thanks for your kindness.

Cheers
  • #909
  • Oct 7, 2010 10:43am Oct 7, 2010 10:43am
Just got out for +200 pips on 3-tap daily trade for those who were following this trade.
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  • #910
  • Oct 7, 2010 10:50am Oct 7, 2010 10:50am
Nice!
You don't have to be right, just don't be too wrong
  • #911
  • Oct 7, 2010 10:50am Oct 7, 2010 10:50am
Quoting PurePrice
Just got out for +200 pips on 3-tap daily trade for those who were following this trade.
That is fantastic! When did you enter the trade? Yes, the 3 tap works on daily charts too..only needs more patience. Please tell us more about this trade.
  • #912
  • Oct 7, 2010 10:52am Oct 7, 2010 10:52am
Quoting PurePrice
Just got out for +200 pips on 3-tap daily trade for those who were following this trade.
WOW!! Thats an achievement. Really hope you can share how it was done!!
  • #913
  • Oct 7, 2010 10:54am Oct 7, 2010 10:54am
Quoting lawgirl21
That is fantastic! When did you enter the trade? Yes, the 3 tap works on daily charts too..only needs more patience. Please tell us more about this trade.
This is how that trade looks on my chart.
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  • #914
  • Oct 7, 2010 10:55am Oct 7, 2010 10:55am
FYI
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You don't have to be right, just don't be too wrong
  • #915
  • Oct 7, 2010 10:57am Oct 7, 2010 10:57am
Quoting lawgirl21
That is fantastic! When did you enter the trade? Yes, the 3 tap works on daily charts too..only needs more patience. Please tell us more about this trade.
To look at 3 tap trades on the daily TF, look to weekly and monthly confirmation of trend..especially as the trading month progresses.
  • #916
  • Oct 7, 2010 10:59am Oct 7, 2010 10:59am
Quoting lawgirl21
This is how that trade looks on my chart.
I got in at 132.80 and out at 130.80 I waited till PA rejected double zero at 133.00, and got in .. a little risky but was so convinced this one was going down since it is a nice channel down on daily, along wth third tap on daily and PA on USD JPY was nose diving as well. I put in an SL of 50 pips at 133.50 and a TP at 130.80 for a R:R of 4:1 . Could not resist
  • #917
  • Oct 7, 2010 11:05am Oct 7, 2010 11:05am
Quoting PurePrice
I got in at 132.80 and out at 130.80 I waited till PA rejected double zero at 133.00, and got in .. a little risky but was so convinced this one was going down since it is a nice channel down on daily, along wth third tap on daily and PA on USD JPY was nose diving as well. I put in an SL of 50 pips at 133.50 and a TP at 130.80 for a R:R of 4:1 . Could not resist
This is one of my favorite pairs, but it can be treacherous...really good job.
  • #918
  • Oct 7, 2010 11:09am Oct 7, 2010 11:09am
Quoting lawgirl21
This is one of my favorite pairs, but it can be treacherous...really good job.
I totally agree with you .. this pair can be very dangerous sometimes, but it has a huge range of movement, so you can pick up many pips, and it adheres to channels and S/R pretty well, normally. But it also tends to spike, so SL has to be wide to avoid being taken out unnecessarily by stop hunting by the British folk. FxPro has nice spread on this pair too .. many brokers have 7-10 pips on this one, but FxPro usualy has about 4-5.
  • #919
  • Oct 7, 2010 11:16am Oct 7, 2010 11:16am
"to avoid being taken out unnecessarily by stop hunting by the British folk"
I say...
You don't have to be right, just don't be too wrong
  • #920
  • Oct 7, 2010 11:16am Oct 7, 2010 11:16am
Quoting PurePrice
I totally agree with you .. this pair can be very dangerous sometimes, but it has a huge range of movement, so you can pick up many pips, and it adheres to channels and S/R pretty well, normally. But it also tends to spike, so SL has to be wide to avoid being taken out unnecessarily by stop hunting by the British folk. FxPro has nice spread on this pair too .. many brokers have 7-10 pips on this one, but FxPro usualy has about 4-5.
FXDD's spread is 7, but with a 200 pip trade, who cares!
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