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Trade What You See - Almost Naked Trading

  • #1,601
  • Oct 18, 2010 11:03am Oct 18, 2010 11:03am
Just noticed FXDD does not list the NZDJPY, also does not appear on my MT4 from FXDD (I got that one on Saturday after finding this thread). I rarely trade that one but find it curious they do not include it.
******************* I'd rather make money than be right.
  • #1,602
  • Oct 18, 2010 11:05am Oct 18, 2010 11:05am
Quoting 4xStar
Thanks to both of you! I was getting ready to phone FXDD myself. I don't mind the 50:1, still plenty of money to be made .. but I really want to continue trading gold. I think there will be a major correction soon, so another chance to get in...
Glad you both can recommend this broker.
Yes, I like them very much. Have met Greg Michalowski(sp?) one of the head honchos at trading conventions..very down to earth and personable.
  • #1,603
  • Oct 18, 2010 11:07am Oct 18, 2010 11:07am
Quoting lawgirl21
Has mixed signals, but according to RSI directions a short trade is most likely. I don't see a good set-up here. (Thanks for the vouch! That was very kind of you...)
GU definitely has mixed signals, she is usually one mixed-up kid .. but AJ has upward potential, I will keep an eye on that one.
Your vouch was earned 100 times over for all the information you have provided on this site!
******************* I'd rather make money than be right.
  • #1,604
  • Oct 18, 2010 11:09am Oct 18, 2010 11:09am
Quoting 4xStar
Just noticed FXDD does not list the NZDJPY, also does not appear on my MT4 from FXDD (I got that one on Saturday after finding this thread). I rarely trade that one but find it curious they do not include it.
I never noticed that, yet it includes the peso. I don't think you will miss it though.
  • #1,605
  • Oct 18, 2010 11:10am Oct 18, 2010 11:10am
Quoting lawgirl21
Has mixed signals, but according to RSI directions a short trade is most likely. I don't see a good set-up here. (Thanks for the vouch! That was very kind of you...)
Agree. Seeing the same at 4hr chart. Neutral and daily chart downtrend.
  • #1,606
  • Oct 18, 2010 11:10am Oct 18, 2010 11:10am
4xStar,
Yep, their MT4 platform does have some limitation of available pairs. They offer other choices as well. Best thing is to chat'em up, ask what all they are offering now after recent CFTC activity.
Also, good to keep in mind that all USA brokers are on same playing field now. So comparing all should be a bit easier now.
Good luck.
Cliff

Quoting 4xStar
Just noticed FXDD does not list the NZDJPY, also does not appear on my MT4 from FXDD (I got that one on Saturday after finding this thread). I rarely trade that one but find it curious they do not include it.
I get exercise just pushing my luck
  • #1,607
  • Oct 18, 2010 11:16am Oct 18, 2010 11:16am
Interesting thing is happening on GBP-CHF H1 , i wander is it legit ? On the support and resistance , 2 taps have formed !
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 32 KB
Help to be helped.
  • #1,608
  • Oct 18, 2010 11:17am Oct 18, 2010 11:17am
Quoting NKE
Hi

I assume that this was a pure break out trade ( as opposed to break out with trend) as the RSI signals were long at the time?

There was a break out trade long earlier today at around 1.0200 - valid for about 20 pips

Your break out trade short was a nice double top pattern, but was only support by H4

Do you have any particular time that you look for trades

thanks for continually posting your trades - both winners and losers
Yes, that was a pure little BO trade from a little congestion area on the H1 chart. I would have to look back, but I believe the H4 was short at the time. I didn't take it, but I liked it.
  • #1,609
  • Oct 18, 2010 11:22am Oct 18, 2010 11:22am
Quoting lawgirl21
I never noticed that, yet it includes the peso. I don't think you will miss it though.
The peso! ¡Caramba! That could be fun
******************* I'd rather make money than be right.
  • #1,610
  • Oct 18, 2010 11:22am Oct 18, 2010 11:22am
Quoting Lazar83
Interesting thing is happening on GBP-CHF H1 , i wander is it legit ? On the support and resistance , 2 taps have formed !
You're trading 3 taps on the H1 chart?
  • #1,611
  • Oct 18, 2010 11:24am Oct 18, 2010 11:24am
Quoting lawgirl21
You're trading 3 taps on the H1 chart?
noup , but i am just wandering is it possible? What do u think LG?
Help to be helped.
  • #1,612
  • Oct 18, 2010 11:26am Oct 18, 2010 11:26am
Quoting Lazar83
noup , but i am just wandering is it possible? What do u think LG?
Three taps works on any TF. Try it on demo.
  • #1,613
  • Oct 18, 2010 11:31am Oct 18, 2010 11:31am
Quoting Lazar83
noup , but i am just wandering is it possible? What do u think LG?
You could take a countertrend long trade up to the TL for the 3rd tap. Then wait for PA to indicate the trend short trade. Try it on demo first...I would.
  • #1,614
  • Oct 18, 2010 11:35am Oct 18, 2010 11:35am
Quoting lawgirl21
You could take a countertrend long trade up to the TL for the 3rd tap. Then wait for PA to indicate the trend short trade. Try it on demo first...I would.
Actually, I am going to demo that trade. Don't like the 9 pip spread though.
  • #1,615
  • Oct 18, 2010 11:39am Oct 18, 2010 11:39am
Quoting lawgirl21
You could take a countertrend long trade up to the TL for the 3rd tap. Then wait for PA to indicate the trend short trade. Try it on demo first...I would.
Tnx for advice , but its to late for buying, its already hitting a resistance line , with only few pis of retrace...and spread is a 8 pips on this pair.
Help to be helped.
  • #1,616
  • Oct 18, 2010 11:53am Oct 18, 2010 11:53am
Quoting lawgirl21
Actually, I am going to demo that trade. Don't like the 9 pip spread though.
Chart
Attached Image (click to enlarge)
Click to Enlarge Name: 4x.gif Size: 18 KB
  • #1,617
  • Oct 18, 2010 11:58am Oct 18, 2010 11:58am
Quoting lawgirl21
Chart
Out with +3 pips--demo. Not worth the spread.
  • #1,618
  • Edited 12:56pm Oct 18, 2010 12:16pm | Edited 12:56pm
Quoting lawgirl21
Out with +3 pips--demo. Not worth the spread.
i have also entered short on demo , and vent out for spread +1 , it doesn't look convincing ! just have to look for a free lunch on some other pair !
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 33 KB
Help to be helped.
  • #1,619
  • Oct 18, 2010 12:32pm Oct 18, 2010 12:32pm
this monday sucks....no set ups but gold....
Hero calls followed by margin calls...
  • #1,620
  • Edited Oct 19, 2010 8:50am Oct 18, 2010 1:26pm | Edited Oct 19, 2010 8:50am
Quoting lawgirl21
Out -30 pips.
Hi,

Very simple and nice thread, but sometimes difficult to follow. Most of the time my charts look different from yours. Where you see 3 taps i can see none. It not a "copy cat" thing but i'm trying to understand and learn this simple and effective approach.

Look at the attached chart, it should be similar to your setup but it isn't.

This chart is from Dukas demo, GMT time.

Thank for this thread
kook
Attached Image (click to enlarge)
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