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Trade What You See - Almost Naked Trading

  • #3,361
  • Nov 8, 2010 8:33am Nov 8, 2010 8:33am
Quoting hiredwhip
Hi LG.....In on both trades.......My limit for US session
Good Morning traders. I too am long on this pair. Pulled 12 pips earlier and reentered at 1.0044. Was wondering what your target TP is on this trade? Thanks.
  • #3,362
  • Nov 8, 2010 8:36am Nov 8, 2010 8:36am
Quoting forxsniper1
Good Morning traders. I too am long on this pair. Pulled 12 pips earlier and reentered at 1.0044. Was wondering what your target TP is on this trade? Thanks.
i'll wait for h1 close for long confirmation,

target should bew 1.0070

best regards
Hero calls followed by margin calls...
  • #3,363
  • Nov 8, 2010 8:41am Nov 8, 2010 8:41am
Quoting PhAnTi'
Attachment

any comments?
Quoting forxsniper1
Good Morning traders. I too am long on this pair. Pulled 12 pips earlier and reentered at 1.0044. Was wondering what your target TP is on this trade? Thanks.

Looks like you are trading into a channel edge. If it breaks maybe TP around 1.0064.



fxtsun
___________________________________
"Chance favours the prepared mind" - Louis Pasteur
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  • #3,364
  • Nov 8, 2010 8:50am Nov 8, 2010 8:50am
Quoting bobby2
Hi Galleni. I think LawGirl went beddy-bye. I hope I'll do. Right click any blank space on your chart. Then left click "Properties". A screen with 2 tabs should pop up. "Colors" and "Common". Left click the "Common" tab. check the box next to "Show Period Seperators" then click OK. And that should do it. You need to do each chart seperately.

Simply press the Ctrl and Y keys together when u open ur platform.
A missed Money is better than a lost Money
  • #3,365
  • Nov 8, 2010 8:52am Nov 8, 2010 8:52am
Thank you guys for all the help. I jumped in that trade without looking at PA. I'm down but won't make that mistake again. Im learning about the RSI indicator. I will look for some new trades today and make some profit. Thank you guys and gals.....Happy trading
  • #3,366
  • Nov 8, 2010 8:58am Nov 8, 2010 8:58am
Quoting Ph22
I did. Watching PA closely now on m15.
Target hit +30pips
  • #3,367
  • Nov 8, 2010 8:59am Nov 8, 2010 8:59am
Great spot there fxtsun, it is indeed a channel, a watcher for a while me things

Tom (UK)
  • #3,368
  • Nov 8, 2010 9:00am Nov 8, 2010 9:00am
stepped away and when I came back it was almost to target! Stop at break even.

EDIT: This is not my usual 123 short pattern on the 5M as the no. 3 point penetrated above the no. 1 point. But I looked at this as a false breakout to the upside and got in short below no. 2 point anyways. Nothing like making the rules up as you go along. Sorta made sense though.

Attached Image

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"Be the change that you wish to see in the world." --Gandhi
  • #3,369
  • Nov 8, 2010 9:02am Nov 8, 2010 9:02am
This guy in a channel also, I just took a quick 5 pips on this off the 3 tap

Tom (UK)
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  • #3,370
  • Nov 8, 2010 9:03am Nov 8, 2010 9:03am
Target reached, +30 pips.
"Be the change that you wish to see in the world." --Gandhi
  • #3,371
  • Nov 8, 2010 9:07am Nov 8, 2010 9:07am
As a footnote Lawgirl, I tend to look for my confirmation and take a trade if the rsi is in my direction on the daily and weekly, I do not mind if the 4 hour is showing the other way, as this is usual on a pull back, I do like the 4 hour to be above the 50 line though on a long and of course below on a short, it is all a learning process obviously but great to be able to follow a trading plan and to stick by those set rules, many thanks

Tom (UK)
  • #3,372
  • Nov 8, 2010 9:09am Nov 8, 2010 9:09am
Quoting booktimes
As a footnote Lawgirl, I tend to look for my confirmation and take a trade if the rsi is in my direction on the daily and weekly, I do not mind if the 4 hour is showing the other way, as this is usual on a pull back, I do like the 4 hour to be above the 50 line though on a long and of course below on a short, it is all a learning process obviously but great to be able to follow a trading plan and to stick by those set rules, many thanks

Tom (UK)
i dont like to use weekly as confirmation for a 20-40 pip aim/trade...
Hero calls followed by margin calls...
  • #3,373
  • Nov 8, 2010 9:16am Nov 8, 2010 9:16am
I hour BO trade on this pair developed, but which way, rsi is mixed?

Tom (UK)
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  • #3,374
  • Nov 8, 2010 9:23am Nov 8, 2010 9:23am
Quoting booktimes
I hour BO trade on this pair developed, but which way, rsi is mixed?

Tom (UK)
Wait for PA to do something, that'll turn the RSIs. I wish there were some news to move the market, but nothing. Boooring. My trades are very slow too.
  • #3,375
  • Nov 8, 2010 9:24am Nov 8, 2010 9:24am
Just jumped in on this one which has actually been a 4 touch tap,

Tom (UK)
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  • #3,376
  • Nov 8, 2010 9:25am Nov 8, 2010 9:25am
Quoting booktimes
I hour BO trade on this pair developed, but which way, rsi is mixed?

Tom (UK)
wait still pa crosses one of the red lines,
markets are very smooth today
Hero calls followed by margin calls...
  • #3,377
  • Nov 8, 2010 9:26am Nov 8, 2010 9:26am
Quoting booktimes
Just jumped in on this one which has actually been a 4 touch tap,

Tom (UK)
no rsi confirmation...i'd wait
Hero calls followed by margin calls...
  • #3,378
  • Nov 8, 2010 9:27am Nov 8, 2010 9:27am
Quoting PhAnTi'
no rsi confirmation...i'd wait
+1
  • #3,379
  • Nov 8, 2010 9:30am Nov 8, 2010 9:30am
Hi, out of curiousity how should the RSI look if he/she was about to pull the trigger and take the trade?


Quoting PhAnTi'
no rsi confirmation...i'd wait
  • #3,380
  • Nov 8, 2010 9:33am Nov 8, 2010 9:33am
Quoting artieboy
Hi, out of curiousity how should the RSI look if he/she was about to pull the trigger and take the trade?
all 3 should be down or up. 4H was not down in his pic
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