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Trade What You See - Almost Naked Trading

  • #1,521
  • Oct 17, 2010 7:11pm Oct 17, 2010 7:11pm
Quoting lawgirl21
You might want to look for a way to re-enter. Try moving to the H1 chart and look for a H1 4 candle BO to enter again if all directions still confirm short.
Chart
Attached Image (click to enlarge)
Click to Enlarge Name: 4x.gif Size: 15 KB
  • #1,522
  • Oct 17, 2010 7:32pm Oct 17, 2010 7:32pm
Quoting lawgirl21
Chart
BO H1 trades in EURJPY and NZDUSD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusd17_10_10_entry.gif Size: 28 KB
Click to Enlarge Name: eurjpy17_10_10_entry.gif Size: 29 KB
  • #1,523
  • Oct 17, 2010 7:41pm Oct 17, 2010 7:41pm
I am in
Attached Image (click to enlarge)
Click to Enlarge Name: gbprjpy18_10_00_00_entry.gif Size: 29 KB
  • #1,524
  • Oct 17, 2010 7:54pm Oct 17, 2010 7:54pm
Quoting alexmackel
BO H1 trades in EURJPY and NZDUSD
Alex, you are already into the second H4 candle of your trading day?
  • #1,525
  • Oct 17, 2010 7:57pm Oct 17, 2010 7:57pm
Quoting alexmackel
I am in
Looks like a good trade. I don't have the 3 taps yet on my chart.
  • #1,526
  • Oct 17, 2010 8:03pm Oct 17, 2010 8:03pm
Out with +10 pips. New H4 candle had change in direction.
  • #1,527
  • Oct 17, 2010 8:09pm Oct 17, 2010 8:09pm
I am out in both.
EURJPY +2 pips
NZDUSD -9 pips

Quoting alexmackel
BO H1 trades in EURJPY and NZDUSD
  • #1,528
  • Oct 17, 2010 8:11pm Oct 17, 2010 8:11pm
I am out with +20 pips

Quoting alexmackel
I am in
  • #1,529
  • Oct 17, 2010 8:13pm Oct 17, 2010 8:13pm
Quoting pierre23
Hi, how was everyones weekend?

My analysis for today

AUDJPY - this ones in a massive consolidation mode and I've already taken advantage of this trading range last week. I've taken a long with a considerably tight stop to see how this one pans out.

EURUSD - again at the top of the daily channel and broken below the H4 channel. Shorted with another small stop.
Long AUDJPY: closed -17.7
Short EURUSD: +34.2 trade still open

If AUDJPY falls another ~40 pips (which will be reaching another decent support level) I will look to buy again
  • #1,530
  • Oct 17, 2010 8:14pm Oct 17, 2010 8:14pm
LG and alexM good start to the week
  • #1,531
  • Oct 17, 2010 8:17pm Oct 17, 2010 8:17pm
Quoting lawgirl21
Alex, you are already into the second H4 candle of your trading day?
I am at the first H4 candle of monday. My broker is GMT. 2nd H1 candle of monday.
  • #1,532
  • Oct 17, 2010 8:21pm Oct 17, 2010 8:21pm
H1 4 Candle BO. Will move to M15 chart for possible entry short.
Attached Image (click to enlarge)
Click to Enlarge Name: 4x.gif Size: 13 KB
  • #1,533
  • Oct 17, 2010 8:25pm Oct 17, 2010 8:25pm
Quoting alexmackel
I am at the first H4 candle of monday. My broker is GMT. 2nd H1 candle of monday.
But that is not what your charts show..I am confused.

http://cdn.forexfactory.com/attachme...1&d=1287361894
  • #1,534
  • Oct 17, 2010 8:27pm Oct 17, 2010 8:27pm
Quoting alexmackel
I am out in both.
EURJPY +2 pips
NZDUSD -9 pips
After close this trades, both gone in the previous directions.
It could be succesfull trades if I not had stopped it.

I really don't know how much I should wait before close the trade.

(Sorry by my English)
  • #1,535
  • Oct 17, 2010 8:33pm Oct 17, 2010 8:33pm
Quoting alexmackel
After close this trades, both gone in the previous directions.
It could be succesfull trades if I not had stopped it.

I really don't know how much I should wait before close the trade.

(Sorry by my English)
You can only trade what you see.. Dont get too hung up on "what if's", "but's" and "could's"
  • #1,536
  • Oct 17, 2010 8:39pm Oct 17, 2010 8:39pm
Quoting lawgirl21
But that is not what your charts show..I am confused.
Look how this trade (EURCHF short) appears for me, in H1 and H4.
It was based in BO of H1, counting candles of sunday (sunday for me, in Brazil).
Is this wrong?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurchf18_10_01_00_entry.gif Size: 36 KB
Click to Enlarge Name: eurchf18_10_01_00_entry2.gif Size: 36 KB
  • #1,537
  • Oct 17, 2010 8:42pm Oct 17, 2010 8:42pm
Quoting lawgirl21
H1 4 Candle BO. Will move to M15 chart for possible entry short.
You were right to get out of this trade when you did, Alex. It is having trouble moving further down at this point.
Attached Image (click to enlarge)
Click to Enlarge Name: 4x.gif Size: 13 KB
  • #1,538
  • Oct 17, 2010 8:46pm Oct 17, 2010 8:46pm
Quoting pierre23
You can only trade what you see.. Dont get too hung up on "what if's", "but's" and "could's"
Thanks, Pierre! I will try to remember this.
  • #1,539
  • Oct 17, 2010 8:47pm Oct 17, 2010 8:47pm
Quoting alexmackel
Look how this trade (EURCHF short) appears for me, in H1 and H4.
It was based in BO of H1, counting candles of sunday (sunday for me, in Brazil).
Is this wrong?
Yes the EURCHF is exactly right. The other chart was a H4 chart with 2 candles at the period separator, so I thought you were using 1 H4 candle instead of 4 H1 candles, which would, of course been the same thing. The only difficulty with doing that is that entries are harder.
  • #1,540
  • Oct 17, 2010 8:48pm Oct 17, 2010 8:48pm
Quoting alexmackel
Thanks, Pierre! I will try to remember this.
We should ALL remember that!
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