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Trade What You See - Almost Naked Trading

  • #2,541
  • Oct 28, 2010 8:05pm Oct 28, 2010 8:05pm
Quoting lawgirl21
As PA keeps moving down, I adjust or move my bottom red line down to accomodate it. I am waiting for the top of the hour to solidify my support (bottom) line because that is the line from which I will evaluate a BO.

Sorry: Yellow line, not red.
Thanks for explanation. The lights are coming on in my head You are sticking to the rules!!
Just trade the pullback you idiot!
  • #2,542
  • Oct 28, 2010 8:11pm Oct 28, 2010 8:11pm
Quoting pierre23
taken a long.. probably could have waited for a small pullback after that large hourly candle upward, we'll see how it turns out.
It's against the weekly, which I do not like to do at the end of the trading week, but hope it gives you pips.
  • #2,543
  • Oct 28, 2010 8:15pm Oct 28, 2010 8:15pm
Quoting Batavier
Thanks for explanation. The lights are coming on in my head You are sticking to the rules!!
You are welcome...yes, I am trying to stick to the rules. We should all be happy when lights come on in our heads..I know I am.
  • #2,544
  • Oct 28, 2010 8:16pm Oct 28, 2010 8:16pm
Moved to M15 chart to watch PA.
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  • #2,545
  • Oct 28, 2010 8:21pm Oct 28, 2010 8:21pm
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  • #2,546
  • Oct 28, 2010 8:22pm Oct 28, 2010 8:22pm
Quoting lawgirl21
It's against the weekly, which I do not like to do at the end of the trading week, but hope it gives you pips.
Thank you. Would have been nice to catch it up down the bottom though
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  • #2,547
  • Oct 28, 2010 8:39pm Oct 28, 2010 8:39pm
Am short GJ, UJ and EJ. All confirmed sell on m15.
Trading Makes Money!
  • #2,548
  • Oct 28, 2010 8:42pm Oct 28, 2010 8:42pm
Quoting lawgirl21
As PA keeps moving down, I adjust or move my bottom red line down to accomodate it. I am waiting for the top of the hour to solidify my support (bottom) line because that is the line from which I will evaluate a BO.

Sorry: Yellow line, not red.
Hi LG

Thanks so much for explaining. I have been struggling with BO trades and I will try incorporating this into my BO strategy to see if I am getting better results.
  • #2,549
  • Oct 28, 2010 8:51pm Oct 28, 2010 8:51pm
Quoting Cencored
Am short GJ, UJ and EJ. All confirmed sell on m15.

You realize you are rtrippling your risk by taking all 3 trades at once ??? These pairs are highly correlated
  • #2,550
  • Oct 28, 2010 8:56pm Oct 28, 2010 8:56pm
Still not in this trade. Don't like what I'm seeing.
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  • #2,551
  • Edited 9:28pm Oct 28, 2010 8:59pm | Edited 9:28pm
3 closed for profit
1 at BE
3 more in profit as we speak

thanks LG I like this
  • #2,552
  • Oct 28, 2010 9:09pm Oct 28, 2010 9:09pm
Quoting lawgirl21
Still not in this trade. Don't like what I'm seeing.
Hopefully we will see a bounce of the res line and then get a nice close on an m15 candle.
Trading Makes Money!
  • #2,553
  • Edited 9:28pm Oct 28, 2010 9:12pm | Edited 9:28pm
closed all out restarted ea's
hopefully wake up to more profit
  • #2,554
  • Oct 28, 2010 9:15pm Oct 28, 2010 9:15pm
Quoting PurePrice
You realize you are rtrippling your risk by taking all 3 trades at once ??? These pairs are highly correlated
Correlations are important on short timeframes such as the m5. However on long tfs, e.g. h1, h4 or daily, correlations are unimportant.

http://www.mataf.net/en/tools/01-01-correlation

Take a look at EJ, UJ and GJ and see the correlation on m5 vs h1. Whilst at the moment UJ and EJ are highly correlated on m5 (98%), on h1 their correlation is just 18%.
Trading Makes Money!
  • #2,555
  • Oct 28, 2010 9:21pm Oct 28, 2010 9:21pm
Quoting dryclean
3 closed for profit
1 at BE
3 more in profit as we speak

thanks LG I like this
Glad you are making pips. I don't think many of us are using the EA.
  • #2,556
  • Oct 28, 2010 9:25pm Oct 28, 2010 9:25pm
Quoting dryclean
3 closed for profit
1 at BE
3 more in profit as we speak

thanks LG I like this
David, just letting you know your account number and full name is displayed on the title bar of Internet explorer
  • #2,557
  • Oct 28, 2010 9:27pm Oct 28, 2010 9:27pm
Out with +30 pips...
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  • #2,558
  • Oct 28, 2010 9:29pm Oct 28, 2010 9:29pm
Quoting pierre23
David, just letting you know your account number and full name is displayed on the title bar of Internet explorer
Thanks
  • #2,559
  • Oct 28, 2010 9:29pm Oct 28, 2010 9:29pm
Quoting pippete
Out with +30 pips...

Nice one Pippete! I took 20 off and trail one last unit with SL at BE.
Trading Makes Money!
  • #2,560
  • Oct 28, 2010 9:30pm Oct 28, 2010 9:30pm
Quoting lawgirl21
Glad you are making pips. I don't think many of us are using the EA.
kinda of running semi automatic
I look for setups and let the ea pull the trigger then I go back and manage the trade once in profit
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