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Trade What You See - Almost Naked Trading

  • #3,241
  • Nov 7, 2010 4:17pm Nov 7, 2010 4:17pm
EURUSD

Broker - FXOpen

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 12 KB
  • #3,242
  • Nov 7, 2010 4:17pm Nov 7, 2010 4:17pm
Quoting The Sage
Any real gaps, anyone?
I see most eur pairs have gapped up... Namely, eurusd, eurchf and eurjpy about 20 pips each

Not sure what others are seing.
  • #3,243
  • Nov 7, 2010 4:18pm Nov 7, 2010 4:18pm
Quoting Wally1953
Interesting, FF says the market is active, but my charts are still dead. I guess I'll have to wait til 6:00 EST. I'm also watching for third tap on USDJPY as well as gap trade. I use Alpari US, anybody else use them? If so, are your charts still asleep too?
I am watching Kinetic out of Australia they open at 4PM EST
  • #3,244
  • Nov 7, 2010 4:23pm Nov 7, 2010 4:23pm
M30 Chart
Attached Image
  • #3,245
  • Nov 7, 2010 4:26pm Nov 7, 2010 4:26pm
M30 - Opened with gap down and is already filling up 11 pips.
Attached Image
  • #3,246
  • Nov 7, 2010 4:27pm Nov 7, 2010 4:27pm
Quoting lawgirl21
M30 - Opened with gap down and is already filling up 11 pips.
Those are the three trades I took. Did anyone see anything else?
  • #3,247
  • Edited 4:33pm Nov 7, 2010 4:31pm | Edited 4:33pm
[quote=Scrutch;4153319]Audnzd
cadjpy
chfjpy
euraud
eurcad
eurchf
eurgbp
eurusd
gbpjpy
usdjpy[/quote]
Although you've highlighted 10 potential trades, in essence there are only 3.
A/NZ
X/ yen
E/ X
The yen trades will move in tandem, as will the euro trades. If you are going to trade them, i suggest picking one of each which has the biggest gap.
On my charts only E/$ has a decent gap, and thats half the size of last weeks gap.Most of the time, trading, i think, is a waiting game.
The pickings this week are slim, but good luck!

ps I dont trade gaps with less than 30 pips. It all evens itself out in the end.
  • #3,248
  • Nov 7, 2010 4:35pm Nov 7, 2010 4:35pm
Quoting lawgirl21
Those are the three trades I took. Did anyone see anything else?
I got in EU
  • #3,249
  • Nov 7, 2010 4:40pm Nov 7, 2010 4:40pm
Hi LG,
Only took EURUSD one.
thanks for great thread!!



Quoting lawgirl21
Those are the three trades I took. Did anyone see anything else?
  • #3,250
  • Nov 7, 2010 4:40pm Nov 7, 2010 4:40pm
Here is a gap on the EURJPY on a Forex.com account. It filled the gap but didn't cover the spread. The spread is currently at 6.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 13 KB
  • #3,251
  • Nov 7, 2010 4:42pm Nov 7, 2010 4:42pm
Quoting lawgirl21
M30 - Opened with gap down and is already filling up 11 pips.
GJ worked out really nicely. Well done!
Trading Makes Money!
  • #3,252
  • Nov 7, 2010 4:47pm Nov 7, 2010 4:47pm
I've got Eur/Cad
  • #3,253
  • Nov 7, 2010 4:51pm Nov 7, 2010 4:51pm
Quoting Jack Wasp
Here is a gap on the EURJPY on a Forex.com account. It filled the gap but didn't cover the spread. The spread is currently at 6.

Attachment
Well, you should always take the spread into account - not all gaps are worth the ride...
  • #3,254
  • Nov 7, 2010 4:57pm Nov 7, 2010 4:57pm
about 30 pips gap up
  • #3,255
  • Nov 7, 2010 5:07pm Nov 7, 2010 5:07pm
Okay, I'm in business, data feed is working. Waiting for 123 reversal on 5M chart to get in under number 2 point on EU. Also watching for third touch on UJ.
"Be the change that you wish to see in the world." --Gandhi
  • #3,256
  • Nov 7, 2010 5:08pm Nov 7, 2010 5:08pm
I didn't, but am looking at it for a 3 Tap trade. Set-up has occurred. Waiting for possible trigger.
Attached Image (click to enlarge)
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  • #3,257
  • Nov 7, 2010 5:15pm Nov 7, 2010 5:15pm
Quoting lawgirl21
I didn't, but am looking at it for a 3 Tap trade. Set-up has occurred. Waiting for possible trigger.
But the weekly RSI is not yet in position...
  • #3,258
  • Nov 7, 2010 5:17pm Nov 7, 2010 5:17pm
On the move....
  • #3,259
  • Nov 7, 2010 5:22pm Nov 7, 2010 5:22pm
The week has just started Sage, so the weekly RSI has no value at this stage of the week.
Trading Makes Money!
  • #3,260
  • Nov 7, 2010 5:24pm Nov 7, 2010 5:24pm
Quoting The Sage
But the weekly RSI is not yet in position...
The weekly is not reliable yet. I will look to PA instead and if it triggers long, weekly will probably follow.
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