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Trade What You See - Almost Naked Trading

  • #1,181
  • Oct 12, 2010 3:45am Oct 12, 2010 3:45am
This trade is forming as I write.
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  • #1,182
  • Oct 12, 2010 3:53am Oct 12, 2010 3:53am
Quoting lawgirl21
This trade is forming as I write.
nice trade LG ....

http://www.forexfactory.com/showpost...&postcount=959
http://www.forexfactory.com/showpost...postcount=1015

EuroCad
2. Move up for ±1226 pips (21/23 Days)/ to be Correction Down ± 597 pips

Cheers
  • #1,183
  • Oct 12, 2010 3:58am Oct 12, 2010 3:58am
Quoting lawgirl21
This trade is forming as I write.
Yes I entered that one just a few minutes ago. It just crossed the 200 EMA, which is always an obstacle. Lets see how it goes...
Trading Makes Money!
  • #1,184
  • Oct 12, 2010 4:05am Oct 12, 2010 4:05am
Going back to bed. Many pips to all!
  • #1,185
  • Oct 12, 2010 5:04am Oct 12, 2010 5:04am
Quoting lawgirl21
This trade is forming as I write.
Just in order to put it right for me ... I have not fully got the system up to now. So what it is all about this range trading in the Hourly ? Is it because there has not yet been a 3rd tap but - in order not to miss the reversal - we try to get in the move and therefore we will do without a 3rd tap? Could anybody explain that to me as LG just fell asleep

Thanks to everybody here, really nice thread!
  • #1,186
  • Oct 12, 2010 5:44am Oct 12, 2010 5:44am
Quoting mrhb30jr
USDCHF 240MTF don't miss the boat ....
I agree - looks good - but not sure why we have just seen major reversal from 9715 - was a nice trade up this am though (UK time)
  • #1,187
  • Oct 12, 2010 8:21am Oct 12, 2010 8:21am
Hi LG - in your earlier post and breakout to the upside on the H1 USDCHF chart, it appeared to me that the longer term RSI's were pointing down? It's a bit hard to tell after the fact. Do you pay close attention to D, W, RSI when looking at the hourly breakout pattern, or more to pure price actiion?
Thanx.
  • #1,188
  • Oct 12, 2010 8:57am Oct 12, 2010 8:57am
Quoting dmostpips
Hi LG - in your earlier post and breakout to the upside on the H1 USDCHF chart, it appeared to me that the longer term RSI's were pointing down? It's a bit hard to tell after the fact. Do you pay close attention to D, W, RSI when looking at the hourly breakout pattern, or more to pure price actiion?
Thanx.
For me to consider any kind of set-up at all, the pair has to have made it to my short list. That means that at the time I do my scan, all TFs are in conformation. So, USDCHF met that criteria at the time it was set up.

From then on it was PA only. Notice that of the six pairs that were on the short list, only 3-4 did "what they were supposed to do". It does not matter to me that the others did not, because I wasn't trading them until/unless they did.

Pair scans for the H1 4 candle BO trade need to be done within a few hours of the first four hours of your brokers trading day.
  • #1,189
  • Oct 12, 2010 9:02am Oct 12, 2010 9:02am
Out with +26 pips.
  • #1,190
  • Oct 12, 2010 9:05am Oct 12, 2010 9:05am
A pair from my short list yesterday..a late bloomer, but weekly, daily, and H4 are all still short, so it may still take off.
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  • #1,191
  • Oct 12, 2010 9:11am Oct 12, 2010 9:11am
3 Tap Set-up short
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  • #1,192
  • Oct 12, 2010 9:44am Oct 12, 2010 9:44am
Quoting NKE
I agree - looks good - but not sure why we have just seen major reversal from 9715 - was a nice trade up this am though (UK time)

hi nke be patience, this is the rhythm of the market trend, let the bull and the bear are dancing in the market trend and take advance on that base on this method, the reversal to be in process......

cheers
  • #1,193
  • Oct 12, 2010 9:46am Oct 12, 2010 9:46am
Went the wrong way and didnt put in the SL loss 2 lots 30pips each. Ouch.
  • #1,194
  • Oct 12, 2010 9:48am Oct 12, 2010 9:48am
Quoting lawgirl21
3 Tap Set-up short
It seems like its going long. very mixed signals.
  • #1,195
  • Edited 9:59am Oct 12, 2010 9:52am | Edited 9:59am
I see the 3rd tap on H4.

D1, W conform

Watching for 'correct' PA and RSI pointing down for possible entry short.

[yes, I have some concern with BOJ intervention down here]

Some support around 95 . . . not too far down.

-----
My charts seem to look a little different sometimes due to broker time . . .

Forest
  • #1,196
  • Oct 12, 2010 10:01am Oct 12, 2010 10:01am
Quoting JGforex7780
Went the wrong way and didnt put in the SL loss 2 lots 30pips each. Ouch.
Were these short trades?
  • #1,197
  • Oct 12, 2010 10:03am Oct 12, 2010 10:03am
Quoting mrhb30jr
hi nke be patience, this is the rhythm of the market trend, let the bull and the bear are dancing in the market trend and take advance on that base on this method, the reversal to be in process......

cheers
Please always identify the pair you are talking about. It is time consuming to go back and trace the pair.
  • #1,198
  • Oct 12, 2010 10:04am Oct 12, 2010 10:04am
Quoting lawgirl21
Were these short trades?
No went long. Probably not in the right state of mind when entering the trade. Still thinking why i went long. Well a painful lesson i guess
  • #1,199
  • Oct 12, 2010 10:04am Oct 12, 2010 10:04am
Quoting JGforex7780
It seems like its going long. very mixed signals.
It is now. Daily and weekly are still short.
  • #1,200
  • Oct 12, 2010 10:06am Oct 12, 2010 10:06am
Quoting JGforex7780
No went long. Probably not in the right state of mind when entering the trade. Still thinking why i went long. Well a painful lesson i guess
You will have many painful lessons. Do try to figure out why you took that trade, then move on.
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