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Trade What You See - Almost Naked Trading

  • #1,221
  • Oct 12, 2010 12:04pm Oct 12, 2010 12:04pm
Just bounced off the lower end of the upchannel. Current PA looks like it is about to surpass recent resistance at 8800. If it closes above 8800 I would be looking to go LONG this pair ... thoughts??
  • #1,222
  • Oct 12, 2010 12:09pm Oct 12, 2010 12:09pm
I know this is off topic and has nothign to do with th ethread, but I am wondering if anyone is participating in this.
  • #1,223
  • Oct 12, 2010 12:18pm Oct 12, 2010 12:18pm
Quoting PurePrice
Just bounced off the lower end of the upchannel. Current PA looks like it is about to surpass recent resistance at 8800. If it closes above 8800 I would be looking to go LONG this pair ... thoughts??
I like that all higher TFs are long, including monthly. I don't like that it is at 8 month highs right now, although there is certainly room to travel up, but then we are looking to 2009 levels. You decide. Put it on demo first.
  • #1,224
  • Oct 12, 2010 12:19pm Oct 12, 2010 12:19pm
Quoting PurePrice
I know this is off topic and has nothign to do with th ethread, but I am wondering if anyone is participating in this.
What is it?
  • #1,225
  • Oct 12, 2010 12:25pm Oct 12, 2010 12:25pm
Quoting lawgirl21
What is it?
It is a forex trading contest that costs nothing to participate and top winer can win $10,000... there are prizes for top 10 positions. It is running in demo mode now (demo trading lasts for one month), and the top 20 traders from demo trading move on to real live account trading ($1000 deposit donated by the organizers for each of the top 20 traders). You trade live for 1 month and winner wins 10 grands.
  • #1,226
  • Oct 12, 2010 12:28pm Oct 12, 2010 12:28pm
Looks like the FOMC statement is putting a heavy burden on USD again ... I am guessing eurusd is gonna test the 1.4000 level again soon at minimum, as EUR/USD is moving back into the up channel that has been in place for a long time
  • #1,227
  • Oct 12, 2010 12:46pm Oct 12, 2010 12:46pm
Quoting lawgirl21
I like that all higher TFs are long, including monthly. I don't like that it is at 8 month highs right now, although there is certainly room to travel up, but then we are looking to 2009 levels. You decide. Put it on demo first.
Another 3 tap daily trade that is at yearly high levels and next resistence area takes it back to 2009 levels.
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  • #1,228
  • Oct 12, 2010 12:48pm Oct 12, 2010 12:48pm
Quoting PurePrice
It is a forex trading contest that costs nothing to participate and top winer can win $10,000... there are prizes for top 10 positions. It is running in demo mode now (demo trading lasts for one month), and the top 20 traders from demo trading move on to real live account trading ($1000 deposit donated by the organizers for each of the top 20 traders). You trade live for 1 month and winner wins 10 grands.
Who is sponsoring it? Tell us how to find the site. I'm not interested, but someone might be..really nothing to loose.
  • #1,229
  • Oct 12, 2010 12:51pm Oct 12, 2010 12:51pm
Quoting PurePrice
Looks like the FOMC statement is putting a heavy burden on USD again ... I am guessing eurusd is gonna test the 1.4000 level again soon at minimum, as EUR/USD is moving back into the up channel that has been in place for a long time
3 tap daily set-up long
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  • #1,230
  • Oct 12, 2010 12:53pm Oct 12, 2010 12:53pm
Quoting lawgirl21
Who is sponsoring it? Tell us how to find the site. I'm not interested, but someone might be..really nothing to loose.
http://www.surefiretradingchallenge.com/
  • #1,231
  • Oct 12, 2010 12:56pm Oct 12, 2010 12:56pm
Quoting lawgirl21
3 tap daily set-up long
yep . agreed on the 3 tap daily, and alos lok at the candlestick formation here .. it is a nice hamer .. may work nicely for a long the next couple of days I am in for a 1st target of 1.4 and 2nd tp at 1.4090
  • #1,232
  • Oct 12, 2010 1:02pm Oct 12, 2010 1:02pm
Quoting PurePrice
yep . agreed on the 3 tap daily, and alos lok at the candlestick formation here .. it is a nice hamer .. may work nicely for a long the next couple of days I am in for a 1st target of 1.4 and 2nd tp at 1.4090
My new daily candle starts in a little less than an hour. I am going to wait to see how it opens.
  • #1,233
  • Oct 12, 2010 1:35pm Oct 12, 2010 1:35pm
LG--On behalf of all of us 'newbies' lurking out here in the shadows, thanks SO much for helping us learn this stuff! I've always wished that I could peek over the shoulder of a good trader to learn how they do what they do, and your thread is the next best thing!

Can you confirm that I'm seeing what I think I'm seeing--a short 3-tap trade developing on the EURCAD pair? I'm not sure of myself yet to make the call, but I'd value your opinion!
  • #1,234
  • Oct 12, 2010 1:37pm Oct 12, 2010 1:37pm
hi LG, this is nice thread, with simple strategy but very efective.i have been using it for weeks and made some nice pips.

today i have closed Eur/jpy short from 114.28-113.50 for 90 pips and still have
EUR/JPY long from 113.48 with Tp 114.20 SL 113.15
USD/JPY long from 81.91 with TP82.30 SL 81.60
does anyone have any thoughts about USD/JPY?
Help to be helped.
  • #1,235
  • Oct 12, 2010 1:56pm Oct 12, 2010 1:56pm
Quoting Lazar83
hi LG, this is nice thread, with simple strategy but very efective.i have been using it for weeks and made some nice pips.

today i have closed Eur/jpy short from 114.28-113.50 for 90 pips and still have
EUR/JPY long from 113.48 with Tp 114.20 SL 113.15
USD/JPY long from 81.91 with TP82.30 SL 81.60
does anyone have any thoughts about USD/JPY?
Looks like USDJPY is in a steep daily downtrend channel. I would not go long on usdjpy unless you are looking for a few quick pips of the channels lower line up, but that is very risky.
  • #1,236
  • Oct 12, 2010 2:01pm Oct 12, 2010 2:01pm
Quoting PurePrice
Looks like USDJPY is in a steep daily downtrend channel. I would not go long on usdjpy unless you are looking for a few quick pips of the channels lower line up, but that is very risky.
chart ...
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  • #1,237
  • Edited 3:45pm Oct 12, 2010 2:41pm | Edited 3:45pm
yeah , i had some feeling about it, but i didnt want to admit it to myself . the good thing is that i closed a EY for 50 pips+, so for today is 140 pips ....whats the news about BOJ,is ther any talks about intervention?
Btw there is a contest of traders on www.instaforex.com , every week starting on monday.Best 5 traders get open mini account at that broker !
Help to be helped.
  • #1,238
  • Oct 12, 2010 3:18pm Oct 12, 2010 3:18pm
Quoting lawgirl21
... I don't post winning trades to show what I can do, but to show what anyone can do. I hope it comes across as that.
Yes, it comes across as that! I need all the charts you are willing to post. I moved my account from FXDD to Alpari US several months ago because Alpari's spreads seemed to be lower, but I'm going to move it back to FXDD which may help me follow along better--I can't seem to see the same things you do on the Alpari charts. Hope it's the charts and not just "me"!
  • #1,239
  • Oct 12, 2010 3:58pm Oct 12, 2010 3:58pm
Quoting Codeslinger
LG--On behalf of all of us 'newbies' lurking out here in the shadows, thanks SO much for helping us learn this stuff! I've always wished that I could peek over the shoulder of a good trader to learn how they do what they do, and your thread is the next best thing!

Can you confirm that I'm seeing what I think I'm seeing--a short 3-tap trade developing on the EURCAD pair? I'm not sure of myself yet to make the call, but I'd value your opinion!
Sorry it's taken me so long to get back to you, CS. I'm still at my office. If this is pretty much what you are seeing, I believe a short 3 tap set-up is forming. I would wait until PA moves a little more before considering an entry, then confirm directional bias once again before entering.
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  • #1,240
  • Oct 12, 2010 4:47pm Oct 12, 2010 4:47pm
This is turning into a good trade. 3 tap daily long
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