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Trade What You See - Almost Naked Trading

  • #3,041
  • Nov 3, 2010 8:59pm Nov 3, 2010 8:59pm
Another potential BO
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  • #3,042
  • Nov 3, 2010 9:01pm Nov 3, 2010 9:01pm
Still waiting on PA to do something ..
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  • #3,043
  • Nov 3, 2010 9:02pm Nov 3, 2010 9:02pm
I'm not seeing much at this time. Anybody seeing anything interesting?
  • #3,044
  • Nov 3, 2010 9:03pm Nov 3, 2010 9:03pm
Quoting hiredwhip
Hi LG,
Nice long 3 tap and the Cable in the ditch.....This will either be alot of fun or a train wreck.....Good Luck

whip
You're right..it's a great set up for two different kinds of trade, but PA isn't doing anything.
  • #3,045
  • Nov 3, 2010 9:08pm Nov 3, 2010 9:08pm
Quoting Siam
Fading horizontal lines.
I know that LG’s method deals primarily with diagonal trend lines and breakouts but the same can be done using horizontal lines of support and resistance. I rarely use Rsi when I trade but it can be applied when fading large lines of S+R just as well
[font=Calibri][size=3]This cable trade last year is typical of how powerful trading S+R can be whether its breakouts or fading a major level as was the case here. This thing happens time and time again and...

I love trading S/R lines. Our H1 BOs are really trading S/R lines. I think we are seeing charts pretty much the same way.
  • #3,046
  • Nov 3, 2010 9:26pm Nov 3, 2010 9:26pm
Quoting lawgirl21
Yes, If one has the patience and the money to withstand the drawdowns--like George Soros.
if i have learned one thing from forex, it would be the more patience you have the less you risk, if you have too much patience though youll miss the trade. but position sizing would be the right idea... if somebody would´ve taken a eur long in sep. you would bank in 900 pibs easily, which would make an 300 pib avarage per month only on eurusd, which i would take for sure...
  • #3,047
  • Nov 3, 2010 9:30pm Nov 3, 2010 9:30pm
Entered this trade long on the close of an M5 candle outside the resistence line.
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  • #3,048
  • Nov 3, 2010 9:34pm Nov 3, 2010 9:34pm
Quoting moesphus
if i have learned one thing from forex, it would be the more patience you have the less you risk, if you have too much patience though youll miss the trade. but position sizing would be the right idea... if somebody would´ve taken a eur long in sep. you would bank in 900 pibs easily, which would make an 300 pib avarage per month only on eurusd, which i would take for sure...
Sounds good to me too.
  • #3,049
  • Nov 3, 2010 9:37pm Nov 3, 2010 9:37pm
LG my trade on a 3 tap is doing well
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  • #3,050
  • Nov 3, 2010 9:40pm Nov 3, 2010 9:40pm
Setting up to be very interesting because we don't know where the directional bias is, yet PA is heading down.
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  • #3,051
  • Nov 3, 2010 9:41pm Nov 3, 2010 9:41pm
Quoting lawgirl21
Entered this trade long on the close of an M5 candle outside the resistence line.
Good eve, kids are down, let's trade! I just entered that one too... Let's hope for some piperonis. I'm shooting for 20.. Going to bed soon, but Cable is next, it's peeking thru to the upside also. Good night
PP
  • #3,052
  • Nov 3, 2010 9:44pm Nov 3, 2010 9:44pm
Will enter short at the close of the current M5 candle below support line.
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  • #3,053
  • Nov 3, 2010 9:49pm Nov 3, 2010 9:49pm
USDJPY looks best for a 1hr BO in my opinion. Waiting for low of 15m candle to be broken for an entry now.
Trading Makes Money!
  • #3,054
  • Nov 3, 2010 10:03pm Nov 3, 2010 10:03pm
In long.
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  • #3,055
  • Nov 3, 2010 10:05pm Nov 3, 2010 10:05pm
In short.
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  • #3,056
  • Nov 3, 2010 10:13pm Nov 3, 2010 10:13pm
Longed cable off M15:
H4-3T
H1-4c-BO
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Listen to the whispers.... You may learn something
  • #3,057
  • Nov 3, 2010 10:16pm Nov 3, 2010 10:16pm
Hi LG just about to kill the 3 tap and get it out of the way.....Cable is just about to come out of the ditch
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  • #3,058
  • Nov 3, 2010 10:20pm Nov 3, 2010 10:20pm
Quoting hiredwhip
Hi LG just about to kill the 3 tap and get it out of the way.....Cable is just about to come out of the ditch
I think several of us are in this trade.
  • #3,059
  • Nov 3, 2010 10:22pm Nov 3, 2010 10:22pm
GU BO just hit long
3 tap Ucad Sell
AChf waiting for long
UChf waiting for short
AU waiting for long

going to bed see what the pip fairy brings me
  • #3,060
  • Nov 4, 2010 12:51am Nov 4, 2010 12:51am
Quoting vbro
Link

http://www.forexfactory.com/showpost.php?p=4127792
Thank you very much for that link!
(I just found it at 06:50 in the morning)
There`s no life before COFFEE!
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