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Trade What You See - Almost Naked Trading

  • #3,721
  • Nov 10, 2010 9:03am Nov 10, 2010 9:03am
Quoting Bl888
loving it....
I'm not liking that new H1 candle. I'm going to wait until it continues down.
  • #3,722
  • Nov 10, 2010 9:08am Nov 10, 2010 9:08am
Quoting lawgirl21
I'm not liking that new H1 candle. I'm going to wait until it continues down.
I'm in.
  • #3,723
  • Nov 10, 2010 9:09am Nov 10, 2010 9:09am
Did anyone see this amazing response to the trendline?

I am becoming an expert at after the fact entries.
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  • #3,724
  • Nov 10, 2010 9:15am Nov 10, 2010 9:15am
Be Careful EURUSD has a TL to break on the H1
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Always Learning
  • #3,725
  • Nov 10, 2010 9:33am Nov 10, 2010 9:33am
Quoting JayTrader
Be Careful EURUSD has a TL to break on the H1
Attachment
You are so right and its having trouble with that line too. PA should have had the momemtum to take it out after that consolidation, but we will see. PA keeps bumping it and backing off....interesting.
  • #3,726
  • Nov 10, 2010 9:43am Nov 10, 2010 9:43am
Its running into a lot of Daily and weekly support at the level its at. It may have to work at it a while.
Quoting lawgirl21
You are so right and its having trouble with that line too. PA should have had the momemtum to take it out after that consolidation, but we will see. PA keeps bumping it and backing off....interesting.
Always Learning
  • #3,727
  • Nov 10, 2010 9:49am Nov 10, 2010 9:49am
In a BO trade.
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  • #3,728
  • Nov 10, 2010 9:55am Nov 10, 2010 9:55am
Quoting lawgirl21
In a BO trade.
u bought?!?!?!
Hero calls followed by margin calls...
  • #3,729
  • Nov 10, 2010 9:57am Nov 10, 2010 9:57am
Quoting JayTrader
Its running into a lot of Daily and weekly support at the level its at. It may have to work at it a while.
I really like the weekly chart. Check out the tight trading for the past 5 weeks....indicating a big move sooner or later. Notice the last time that happened ,there was 1500 pip move down.
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  • #3,730
  • Nov 10, 2010 9:59am Nov 10, 2010 9:59am
sorry guys, for the off top, just remembered someone asked about that - if you need to refresh a page of the forum (or chat) automatically and have Firefox, install this add-on and set up for some period of time. i do that for 1 minute.
  • #3,731
  • Nov 10, 2010 10:12am Nov 10, 2010 10:12am
Just a Chart (like "Gold") and remove all Color-Properties. Install LG-Trenddisplay with Pairs you want. In my case Pairs with little Spreads. I have now 12 Charts on my monitor plus my "Gold -LG21 - Trenddisplay...
I hope I could help anybody with this...
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There`s no life before COFFEE!
  • #3,732
  • Nov 10, 2010 10:17am Nov 10, 2010 10:17am
This pair also has a 3 tap monthly trade. I entered this morning and am up 70 or so pips but the whole swing should be close to what you said , around 1500. Will be a fun experience to see where it ends up
Quoting lawgirl21
I really like the weekly chart. Check out the tight trading for the past 5 weeks....indicating a big move sooner or later. Notice the last time that happened ,there was 1500 pip move down.
Always Learning
  • #3,733
  • Nov 10, 2010 10:28am Nov 10, 2010 10:28am
Nov 10th Trade
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  • #3,734
  • Nov 10, 2010 10:43am Nov 10, 2010 10:43am
Quoting JayTrader
This pair also has a 3 tap monthly trade. I entered this morning and am up 70 or so pips but the whole swing should be close to what you said , around 1500. Will be a fun experience to see where it ends up
I was going to look back and see who posted the 3 Tap monthly...it was you..thanks. Everything is coming together for a very nice move down, if we can withstand the DD.
  • #3,735
  • Nov 10, 2010 11:20am Nov 10, 2010 11:20am
Due mainly to LG, I have been spending more time looking at H4 charts and in particular how to identify trend and changes in trend

I am sure it is no news to more experienced traders, but it is interesting to see how large range impulse bars break trend lines as the supply and demand balance is upset in one bar

If you do not get in on the initial trend line break, it is a good heads up to watch out for the retracement and the second leg down

GBPCHF shows two nice examples in the attached chart of an impulse bar breaking a trend line - signalling a trend change and to look for retracements
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  • #3,736
  • Nov 10, 2010 11:22am Nov 10, 2010 11:22am
Quoting NKE
Due mainly to LG, I have been spending more time looking at H4 charts and in particular how to identify trend and changes in trend

I am sure it is no news to more experienced traders, but it is interesting to see how large range impulse bars break trend lines as the supply and demand balance is upset in one bar

If you do not get in on the initial trend line break, it is a good heads up to watch out for the retracement and the second leg down

GBPCHF shows two nice examples in the attached chart of an impulse bar breaking a trend line - signalling...
Good observations, NKE. What do you mean by impulse bars?
  • #3,737
  • Nov 10, 2010 11:32am Nov 10, 2010 11:32am
Watching this pair now to see if the prior support area (shaded) will act as resistence and repel PA back down.
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  • #3,738
  • Nov 10, 2010 11:37am Nov 10, 2010 11:37am
Hi Lawgirl and guys, hope everyone is good, just got home and scanning charts, just noticed a lovely head and shoulders developing on this pair 4 hour, maybe due a big move down again, just a watcher till a 3 tap develops

Tom (UK)
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  • #3,739
  • Nov 10, 2010 11:41am Nov 10, 2010 11:41am
Quoting lawgirl21
Good observations, NKE. What do you mean by impulse bars?
Bars showing strength - ie typically bars with small wicks, larger than average bodies and larger than average range

You will usually see them as bars breaking through SR or trend lines or out of consolidation - and usually signal start of a new move

You can tell which is the impulse direction because the bars are larger and usually there is little overlap of the bars, whereas retracements will usually have smaller bars and more overlap

The initial move down on GBPCHF was a good example of strong move down followed by retracement. Initial leg down was 347 pips, second leg 359, with a rather pathetic third move . Most reliable moves are the second leg after strong initial impulse move in new direction
  • #3,740
  • Nov 10, 2010 11:44am Nov 10, 2010 11:44am
Hi Guys
Just noticed this down move on this pair also came off a very good head and shoulders pattern, ummm makes you wonder

Tom (UK)
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